Yilihua: Binance's profits are sufficient to cover losses from the hack, and the market is more concerned about security risks of trading platforms in the AI era.
Liquid Capital founder Li Yihua stated in a post that based on current circumstances, Binance’s earnings are sufficient to cover the losses from the recent hack, with no issues regarding asset security or liquidity—this is entirely distinct from the FTX incident in the past. He pointed out that the core problem now is how trading platforms including Binance can prevent subsequent thefts. Market concerns extend beyond this incident itself: they center on whether, in the AI era, hackers’ attack capabilities have become unbalanced with platforms’ defense capabilities, and whether attackers have left other hidden security risks within the platforms. He believes that Binance and other such trading platforms should provide users with detailed, reassuring security response plans.
8 minutes ago
An address associated with Kanye West withdrew 2074 ETH from Binance.
According to monitoring by ai_9684xtpa, an address linked to Kanye West engaged in cyclic ETH long positions is suspected to have added around $4.7 million in positions. Following the disclosure of the Binance hack on October 30, this address previously sold 1,390 ETH on-chain to mitigate liquidation risk. Today, after Binance reopened the majority of withdrawals, the address withdrew 2,074 ETH from Binance; it remains unclear whether this transfer is for position additions or simply asset withdrawals. Currently, the address has collateralized 21,109 ETH and borrowed stablecoins worth $27.71 million, with respective position health ratios of 1.44 and 1.62.
8 minutes ago
Analysis: BTC's "Seller Exhaustion Index" hits the cycle's second-lowest level, suggesting the bear market bottom may have been confirmed.
Market analyst Murphy says Bitcoin's Seller Exhaustion Index may trigger its second signal point. On August 11 this year, the BTC Seller Exhaustion Index provided the last accurate bottom-buying signal before the market rally began. The index measures both low volatility and high losses, with a signal triggered when both conditions are met simultaneously. Historically, the index only falls into the "Extreme Exhaustion Zone" (red area) during cycle bottom periods, and this zone rarely reappears once the bottom structure is completed. This means even if prices drop lower afterward, the index will not hit a lower level (marked as 1 and 2). Therefore, during a single cycle, if traders miss the absolute low (marked 1), they should seize the secondary low (marked 2) as much as possible. As previously noted, the secondary low (2) has higher certainty than the absolute low (1), though the risk is that its price may also be higher than that of the absolute low. The secondary low (2) has recently emerged: when BTC prices pulled back to $77,000 a few days ago, the Seller Exhaustion Index formed the secondary low for this cycle, only higher than the level recorded in August this year. The analyst reminds that the analysis is for reference only and does not constitute direct investment advice.
8 minutes ago
An address associated with Kanye West withdrew 2074 ETH from Binance.
According to monitoring by ai_9684xtpa, a Kanye West-linked address maintaining a cyclic long position on ETH is suspected of adding positions worth approximately $4.7 million. After the Binance hack incident was disclosed on October 30, the address sold 1,390 ETH on-chain to mitigate liquidation risk. Today, following Binance’s resumption of large-scale withdrawals, the address withdrew 2,074 ETH from Binance. It remains unclear whether this transfer is for adding positions or simply withdrawing assets. Currently, the address has pledged a total of 21,109 ETH and borrowed stablecoins worth $27.71 million, with respective position health ratios of 1.44 and 1.62.
8 minutes ago
Ethereum surpassed $2,300, posting a 1.47% gain on the day.
According to HTX market data, ETH has just broken through $2300, currently trading at $2300.13 per token, with a 1.47% gain on the day.
8 minutes ago