Bitcoin Rebounds Surpassing $111,000

On October 20th, according to an official announcement, Binance Futures will commence the launch of the Binance Lifestyle USDT-margined perpetual contract featuring a leverage of up to 50x at 19:00 (UTC+8) on October 20th.

On October 20th, the decentralized stablecoin USDD officially announced a reduction in the parameters of the minimum collateralization ratio and the minimum minting amount for USDD Vaults. The specific adjustments are as follows: Minimum Collateralization Ratio Adjustment: Trx-A: Reduced from 145% to 135%; Trx-B: Reduced from 130% to 120%; Trx-C: Reduced from 170% to 150%. Minimum Minting Amount Adjustment: Trx-A: Reduced from $2,000 to $1,000; Trx-B: Reduced from $3,500 to $2,000; Trx-C: Reduced from $1,000 to $500. The official announcement stated that this adjustment is intended to enable users to mint USDD with a lower TRX collateralization ratio and a smaller minting amount, significantly reducing the barriers to DeFi participation and improving asset utilization efficiency.

October 20th: Based on the monitoring of Onchain Lens, the short position of the address associated with Andrew Kang has been partially liquidated. Currently, it holds BTC (40x short), ETH (25x short), and ENA (10x short). Andrew Kang himself has confirmed that this address does not belong to him.

On October 20th, as per the monitoring of LookOnChain, starting from the market crash on October 11th, a total of 30 new wallets have jointly withdrawn 6,256,893 LINK from Binance (approximately $116.7 million).

On October 20th, based on market data, US stock cryptocurrency-related stocks witnessed a rise in pre-market trading. Riot Blockchain (RIOT.O) increased by 3.7% pre-market. Mara Holdings went up by 4.9%. BITFARMS rose by 11.6%. And MicroStrategy (MSTR.O) saw an increase of 3.3%.

On October 20th, He Yi, a co-founder of Binance, stated in a post that "The Binance Ukraine account was not hacked. The one posting about a meme coin was a high-quality clone account. Some KOLs, without conducting verification, intended to replicate the narrative of the 4 hacked incident. After incurring losses, they besieged Binance's customer service channels, giving rise to a topic conflict. Now they continue to take things out of context and intensify the conflict." "Recently, multiple cases of rights protection have been verified as false information or normal trading loss claims. Users are advised to be cautious and not become victims of scams."