During the recent market downturn, USDE, BNSOL, and WBETH experienced considerable depegging on Binance. USDE declined to $0.6567, BNSOL fell to $34.9, and WBETH decreased to $430.65. Binance announced that its team is conducting a comprehensive investigation into the issue. x

During the recent market decline, USDE, BNSOL, and WBETH experienced significant depegging on Binance. USDE fell to $0.6567, BNSOL dropped to $34.9, and WBETH declined to $430.65. Binance stated that its team is conducting a thorough investigation into the matter. x

Whale Transactions:

1. The 7 Siblings have resumed activity, purchasing tokens during the recent market dip. They borrowed $40 million in USDC from Aave and allocated $5 million to acquire 1,326 ETH at a price of $3,771 each.
2. Wlfi invested $10 million to acquire $55.69 million worth of WLFI tokens, initially valued at $7.15 million, at an average price of $0.18.
3. BTC OG closed most of his short positions on BTC and ETH, retaining a short position of 821.6 BTC valued at approximately $92 million, resulting in profits exceeding $160 million.
4. Two wallets, suspected to be linked to hacking activity, sold 5,480 ETH valued at $20.47 million, purchased just a week prior, incurring a loss of $3.7 million.

Arthur Hayes suggests that automatic liquidations stemming from cross-margin positions on a major centralized exchange contributed to last fall’s decline in numerous altcoins. He notes that investors who bought during that period may have benefited, as prices for many high-quality altcoins are unlikely to fall to similar levels in the near future.

Arthur Hayes suggests that the automatic liquidation of collateral linked to cross-margin positions on a major centralized exchange contributed to the decline in numerous altcoins last fall. He acknowledged investor purchases and noted that prices for many high-quality altcoins are unlikely to reach similar levels again in the near future.

Bitcoin fear and greed index drops to 27, signaling market sentiment remains in fear territory.

The Bitcoin fear and greed index stands at 27, reflecting a state of market fear.

In the past 24 hours, approximately $19.30 billion in cryptocurrency contracts were liquidated, with roughly $16.81 billion in long positions and $2.49 billion in shorts impacted. This event marks the largest liquidation in crypto market history, nearly 20 times the size of the sell-off during the March 2020 COVID crash. The overall market capitalization has declined by $250 billion.

Market sentiment remains uncertain today.

Whales and institutional investors continue accumulating Ether amid market downturn. Two new wallets, likely linked to Bitmine, withdrew 33,323 ETH worth approximately $126.4 million from FalconX and Kraken. Additionally, an OTC whale acquired 14,165 ETH, valued at around $55.5 million, through FalconX, Coinbase, and Wintermute.

USDT Tether issued 1 billion USDT amid market downturn.

USDT Tether issued 1 billion USDT amid market decline.

Andrey Grachev: DWF Labs is prepared to support affected projects through capital investments, funding, loans, or token buybacks following substantial declines in token value.

DWF Labs is ready to provide support through capital investments, funding, loans, or token buybacks for projects affected by a substantial decline in token value.

Solana's lead developer, Anza, announced that during the recent overnight market decline, the network conducted its largest stress test to date, achieving a peak of 100,000 transactions per second while sustaining full stability.

The REZ Renzo Community has announced plans to redeem and burn 10% of the total REZ token supply over the next six months.

Over 1,000 wallets on Hyperliquid were completely liquidated amid the recent market downturn. In total, over 6,300 wallets are currently incurring losses, with aggregate losses exceeding $1.23 billion. Among these, 205 wallets have each lost more than $1 million, and over 1,070 wallets have sustained losses exceeding $100,000.

Ethena currently holds approximately $66 million in surplus collateral.

Ethena takes a cautious stance: #USDe currently holds approximately $66 million in surplus collateral.

Upcoming Events for the Week

Monday, October 13:
CME to introduce options for SOL and XRP futures.
Update on TON validators.
DMD Diamond to launch its mainnet.

Tuesday, October 14:
KernelDAO (KERNEL) – 4.53% ($7.06 million) unlocks.
Chainbase (C) – 5.79% ($6.22 million) unlocks.
Update on ETH regarding the Ethereum Sepolia network.
Update on Boba Network.
Update on SWELL chain.
Hard fork announced for Chiliz (CHZ).
Monad (MON) to release MON stamps.
Strategic ETH Reserve (SER) to initiate staking reward stamps.
Powell scheduled to speak at 19:20 Moscow time.

Wednesday, October 15:
Starknet (STRK) – 1.28% ($14.96 million) unlocks.
Sei (SEI) – 1.15% ($12.16 million) unlocks.
Morgan Stanley expands access to crypto investments for all clients.
WhiteBridge (WBAI) to host Token Generation Event.
NFT Reservoir to cease operations for NFT, API, and related services.
CPI report for September due at 15:30 Moscow time.

Thursday, October 16:
Arbitrum (ARB) – 0.94% ($29.94 million) unlocks.
STBL (STBL) – 2.31% ($26.71 million) unlocks.
Update on Kadena (KDA).
OpenxAI to enable creation of AI mini-apps on Base network within five minutes.
Delysium (AGI) to launch management consultant agent on Lucy platform.
Kinetiq (KHYPE) to conduct final round of kPoints distribution.
Core Retail Sales (MoM) for September due at 15:30 Moscow time.
Initial Jobless Claims data at 15:30 Moscow time.
Philadelphia Fed Manufacturing Index for October at 15:30 Moscow time.
PPI (MoM) for September at 15:30 Moscow time.
Retail Sales (MoM) for September at 15:30 Moscow time.
Crude Oil Inventories report at 19:00 Moscow time.

Friday, October 17:
DeBridge (DBR) – 6.34% ($17.41 million) unlocks.
Aster (ASTER) – 1.50% ($155.04 million) unlocks.
ZKsync (ZK) – 0.82% ($7.40 million) unlocks.
SEC's Cryptocurrency Working Group to hold open roundtable on financial oversight and privacy.
Average Hourly Earnings (MoM) for September due at 15:30.
Nonfarm Payrolls for September due at 15:30 Moscow time.
Unemployment Rate for September due at 15:30.

Saturday, October 18:
Lombard (BARD) – 1.03% ($6.86 million) unlocks.
Fasttoken (FTN) – 2.04% ($39.60 million) unlocks.
Deadline for SEC decision on Grayscale XRP ETF.

Sunday, October 19:
Merlin Chain (MERL) – 1.70% ($14.04 million) unlocks.

While markets remain subdued, ZEREBRO surged nearly 400% today, with RNDR up 200%. ZEREBRO topped purchase volumes across all centralized exchanges at 04:20 Moscow time and held the lead by 16:30, prompting a notable price rally. From 17:06, ZEREBRO led in open interest growth, reaching the top by 18:06.

Separately, RNDR experienced a sharp increase in open interest at 12:25, concurrent with rising purchase activity across exchanges. By 13:06, RNDR ranked second in open interest growth, maintaining this position into the evening. The rapid price escalation resulted in significant short liquidations, and at 17:35, RNDR appeared among the top sales across all CEXs, followed by a swift decline that erased nearly all gains.