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Ledn has issued over $1 billion in Bitcoin loans in the past year, signaling a resurgence in the Bitcoin lending market

11 hours ago

On October 28th, CoinDesk reported that the Bitcoin lending institution Ledn has exceeded a total loan issuance of more than $1 billion this year. Specifically, Bitcoin-backed loans reached $392 million alone in the third quarter. Meanwhile, the company's annual recurring revenue has also reached $100 million, indicating a rebound in the Bitcoin lending market. As of the end of September, its loan book reached $836.2 million, with an average loan-to-value ratio (LTV) of 42.7%, which is significantly lower than the high-risk range in the industry. According to Galaxy Research data, the institution currently ranks as the world's third-largest centralized lending institution, trailing only behind Tether and Galaxy.
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If Bitcoin breaks $118,000, the mainstream CEX's cumulative short liquidation intensity will reach $1.12 billion.

On October 28th, according to Coinglass data, if Bitcoin exceeds $11.8K, the cumulative short liquidation intensity of mainstream CEXs will reach $1.12B. Conversely, if Bitcoin drops below $11.3K, the cumulative long liquidation intensity of mainstream CEXs will reach $1.112B. BlockBeats Note: The liquidation chart does not display the precise number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the asset's price reaching a certain level will be impacted. Higher "liquidation bars" indicate that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.

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Bitcoin Bounces Back to Reach $116,000

On October 28th, based on HTX market data, Bitcoin saw a rebound and reached $116,000. It is currently trading at $116,000 with a 24-hour increase of 1.12%.

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Oracle: Digital Asset Data Hub to Launch Next Year

On October 28th, Oracle (ORCL.N) announced that the digital asset data hub will be launched in the following year. (Financial Times)

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Animoca Brands has announced the purchase of AERO tokens from the open market and their lock-up.

On October 28th, as per official channels, Animoca Brands declared the acquisition of AERO tokens from the open market and their locking-up.

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「100% Win Rate Whale」 Long Position on SOL Surpasses $11 Million

On October 28th, as per the monitoring of HyperInsight (accessible via https://t.me/HyperInsight and opened in a new tab), the "100% Win Rate Whale" has been continuously increasing its position by leveraging 10 times in a long position of SOL. The current position has exceeded $11 million, and the total long position of various tokens has exceeded $460 million.

1 minutes ago

Aster: S3 Airdrop will commence after all token buybacks are completed

On October 28th, the Aster team declared that all buybacks of S3 would be carried out on the blockchain. After the buyback was finished, the tokens would be transferred to the same address that was used for the S2 buyback. The S3 airdrop would begin once all buybacks were completed. The airdropped tokens would mainly be distributed directly from the buyback address. If the balance was not enough, the remaining part would be unlocked from the airdrop allocation to complete the airdrop.

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