DeFiance Capital Founder: ETH/BTC Exchange Rate May Truly Hit Bottom After Bitcoin Halving
October 24th, Arthur Cheong, the founder and CEO of DeFiance Capital, stated on his social media platform that if the Bitcoin spot ETF is successful and BlackRock applies for an ETH spot ETF, then Ethereum's ESG friendliness and native staking yield will attract institutional investors. However, this does not mean that the ETH/BTC exchange rate has bottomed out, as all short-term focus will be on BTC, and Bitcoin will halve in April next year. After the halving, the ETH/BTC exchange rate may bottom out.
The ETH/BTC Exchange Rate Fell Below 0.05, Hitting a 16-Month Low
This morning the ETH/BTC exchange rate fell below 0.05, reaching a new low since mid-June 2022. Currently, the ETH/BTC exchange rate has rebounded to 0.0533, and the ETH price is temporarily reported at 1815 USDT.
Ethereum Network Gas Fee Rises to 37 Gwei
According to Etherscan data, the Ethereum network Gas fee has risen to 37 gwei, and is temporarily reported at 37 gwei as of press time.
0xSifu Currently Holds a $21 Million ETH Short Position, Which Is Close to the Liquidation Price
On October 24th, according to on-chain analysis application Watchers data, former CFO of Frog Nation 0xSifu holds a short position of approximately $21 million on the Synthetix perpetual contract. The current contract market price of Ethereum is $1833, while 0xSifu's average holding price is $1643, resulting in a floating loss of nearly $2.22 million. Currently, 0xSifu still has about $1.64 million in margin to maintain the position. If the market price continues to rise to $1926, the position will face the risk of liquidation.
Ethereum has about $88.3 million in on-chain loan and liquidation quota around $1,740
According to DefiLlama data, there is around $88.3 million in on-chain loan liquidation volume for Ethereum near $1732.
ETH Hit 1,800 USDT, Up 8.01% in 24 Hours
According to market data, ETH briefly touched 1800 USDT and is currently priced at 1808 USDT, with a 24-hour increase of 8.01%.
ETH Breaks Through $1,800
The market shows that ETH has broken through $1,800 and is currently trading at $1,800.38, with a daily increase of 7.62%. The market is volatile, so please manage your risks.
Grayscale GBTC Negative Premium Rate Has Narrowed to 13.12%
According to Coinglass data, the current negative premium rate of Grayscale Bitcoin Trust Fund (GBTC) has narrowed to 13.12%. The ETH Trust has a negative premium rate of 22.05%, the ETC Trust has a negative premium of 45.15%, the LTC Trust has a negative premium of 10.69%, and the BCH Trust has a negative premium of 9.05%.
2 Giant Whales Accumulated a Total of 39,450 ETH From Coinbase
According to monitoring data from The Data Nerd, in the past 8 hours, two new whales (0x06f and 0xb07) have accumulated a total of 39,450 ETH (67.88 million USD) from Coinbase.
Crypto Analyst Predicts Big Breakout for Ethereum-Based Altcoin Chainlink
According to popular crypto analyst Altcoin Sherpa, the Ethereum-based altcoin Chainlink (LINK) is poised for a major surge. Altcoin Sherpa believes that LINK is one of the strongest projects in the industry and has broken out of its multi-month accumulation phase. However, Altcoin Sherpa remains skeptical about whether an "altseason" is upon us and is keeping an eye on Ethereum versus Bitcoin (ETH/BTC) and Bitcoin dominance (BTC.D) to gauge investors' risk appetite for altcoins. Altcoin Sherpa predicts that BTC.D will rally slightly further before reversing near the 56% level.
Vitalik: It Is Crucial to Maintain the Robustness of the Base Layer While Carefully Extending Certain Aspects of Its Functionality
Vitalik Buterin, the founder of Ethereum, discussed the centralization of staking and scalability challenges in Ethereum at ETH HK Hackathon. Vitalik emphasized four scalability challenges of Layer 2, including proof system security and decentralization, sorting decentralization, cross-L2 wallets, and data availability space.
Ethereum has about $77.06 million in on-chain loan and liquidation quota around $1,732
According to DefiLlama data, there is approximately $77.06 million in on-chain loan liquidation limit for Ethereum at around $1732.
Ethereum briefly exceeded $1,800, with a 24-hour increase of 6.79%
According to OKX market data, Ethereum briefly broke through $1800, currently priced at $1773, with a 24-hour increase of 6.79%.
ETH breaks through 1700 USDT, with an increase of 2.65% in 24H
According to OKX market data, ETH has broken through 1700 USDT and is currently priced at 1699 USDT, with a 24-hour increase of 2.65%.
Lido: Simple DVT module has been deployed to the Holesky test network
The liquidity collateral agreement Lido stated on X platform that its simple DVT module has been deployed to the Holesky test network and will soon be tested with Obol Labs and Obol Labs. It is reported that the simple DVT module aims to prove that using DVT on the mainnet is possible, while further diversifying the Lido node operator set on Ethereum and laying the foundation for more scalable and permissionless DVT-based modules in the near future.
70,000 ETH transferred from Binance to unknown wallet
According to Whale Alert monitoring data, at 21:45:47 Beijing time today, 70,000 ETH ($116,834,982) was transferred from Binance to an unknown wallet.
A whale who was long on the ETH/BTC exchange rate withdrew 200 ETH of collateral from Aave.
whale who has been consistently longing ETH/BTC and accumulating ETH has started to sell. Eight hours ago, the whale withdrew 200 ETH from Aave as collateral and provided one-sided liquidity to the USDC/ETH trading pair. Currently, most of the ETH has been sold.
Previously, the whale had collateralized 46,000 ETH and 370,000 USDC, borrowed 2,088.69 WBTC, and provided one-sided liquidity to the WBTC/ETH trading pair via Uniswap to buy more ETH. The current ETH/BTC exchange rate is 0.05487, and liquidation will be triggered when the ratio reaches 0.05176.
PeckShield: JULIA on Ethereum Fell 100%, Losing 43 ETH
JULIA (Julia) on Ethereum has fallen 100%, and the scammer address 0x948B...95b9 has exchanged 9,999,999,999,999 JULIA for 43 ETH. Please distinguish between tokens with the same name.
The Entire Network Liquidated $29.2659 Million in the Past Hour, and Short Orders Accounted for 94.5% of Liquidated Positions
According to Coinglass data, the total liquidation in the past hour was 29.2659 million US dollars, with ETH liquidation of 9.9327 million US dollars and BTC liquidation of 9.2296 million US dollars. Short positions liquidation was 27.6788 million US dollars, accounting for about 94.5%.
A Whale Address Added 3,574 ETH 20 Minutes Ago, and Has Purchased a Total of 14,647 ETH in the Past Three Days
October 23rd, according to on-chain data analyst Yu Jin's monitoring, a whale address that focuses on ETH breakthrough market spent 6 million USDC to buy 3574 ETH in 20 minutes. Since October 20th, the address has spent a total of 24 million USDC to buy 14647 ETH, with an average purchase price of $1638.
