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More →User boblob accuses the papertrade platform of price manipulation.
According to news from Bijie, X platform user boblob stated that the perpetual contract platform Papertrade, based on HyperEVM, is suspected of having been exploited by two wallets using a price manipulation mechanism for arbitrage. The wallets in question are alleged to have used a single order of about $20 million on Hyperliquid to push the ETH quote by 10–20 basis points (0.1%–0.2%), while simultaneously building long positions worth hundreds of millions of dollars on Papertrade. Since Papertrade uses the midpoint of the best bid and offer (BBO) from the Hyperliquid order book as its trading price, the related operations may have affected the platform's position profit and loss. Crypto trader Rune pointed out that Papertrade's official documentation has already listed BBO price manipulation as an unresolved protocol risk. At present, the related manipulation allegations have not yet been independently confirmed, and the platform has not yet confirmed the specific amount of losses.
Over the past 4 hours, the proportion of active buy trades in BTC contracts was 40.42%.
Bjie.com data: For the BTCUSDT perpetual contract, the taker buy volume share over the most recent 4 complete hours was 40.42%, while the taker sell share was 59.58%, with taker selling dominating. Compared with the same-methodology snapshot 24 hours earlier, it fell by 8.3115 percentage points; compared with the same-methodology snapshot 7 days earlier, it fell by 11.2329 percentage points.
BTC liquidations totaled $3.9975 million over the past 24 hours.
Bijiie data: BTC's rolling 24-hour liquidation amount is approximately $3.9975 million, involving about 565 liquidated accounts. Compared with the same-caliber snapshot 24 hours ago, it is down 91.89%; compared with the same-caliber snapshot 7 days ago, it is up 44.65%.
The long-short account ratio for BTC contracts is 1.46.
Bjie.com data: The BTCUSDT 4-hour long-short account ratio is 1.46, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it decreased by 0.053; compared with the same-caliber snapshot 7 days ago, it increased by 0.2321.
US government's cryptocurrency holdings shrink by $16 billion from peak a year ago | Midday Crypto Brief
CoinWorld News, October 11: 1. The U.S. government's cryptocurrency assets have shrunk by $16 billion from their peak a year ago; 2. BTC saw a net capital outflow of 650.0771 BTC over the past 24 hours; 3. BTC liquidations totaled $3.3584 million over the past 24 hours; 4. Ethereum ETFs recorded their largest weekly net outflow since January; 5. The one-year anniversary of the crypto market's "1011" crash: single-day liquidations exceeded $19 billion; 6. U.S. government cryptocurrency holdings fell by $16 billion from their peak; 7. Total holdings of U.S. spot Bitcoin ETFs surpassed 2 million BTC; 8. BlackRock's IBIT holdings surpassed 800,000 BTC, with a market value exceeding $65.1 billion; 9. BTC liquidations totaled $3.6938 million over the past 24 hours; 10. BTC saw a net capital outflow of 991.7905 BTC over the past 24 hours.
Michael Saylor: AI will exacerbate the scarcity of high-quality assets.
According to news from Bijie, Strategy Executive Chairman Michael Saylor said in an exclusive interview with Binance on September 28, 2026, that AI will intensify the scarcity of high-quality assets. He pointed out that although CPI is only about 3%, because goods that machines can produce will become cheaper, the prices of scarce assets that wealthy people want to hold have risen by 15% per year over the past six years. Saylor believes that although robots can clean, drive, and cook, they cannot create more Palm Beach waterfront real estate, Picasso paintings, or Bitcoin, so the value of scarce assets will not decrease, and ordinary people should focus on accumulating wealth.
ETH跌破2500 USDT，24H涨幅收窄至0.39%
CoinWorld data: According to OKX market data, ETH is currently priced at 2499.89 USDT, with its 24-hour gain narrowing to 0.39%.
Musk stated that given his companies' expertise in manufacturing custom equipment
According to news from Bijie, Musk stated that given his companies' expertise in manufacturing custom equipment, he believes they are likely to "figure out how to make chips better than anyone else." Speaking to a group of customers and investors outside Tesla's Gigafactory in Austin, Texas, Musk said that although he currently "doesn't know how to make microchips, we will figure it out." He noted on Saturday while attending the X Takeover event via livestream that when visiting competitors' facilities, he did not see much custom equipment, and he said his companies have extensive experience in manufacturing such equipment, which enables them to improve the manufacturing process. Musk said: "I think it's fair to say this is one of the hardest things in the world to do." "I don't want to sound complacent or take it for granted, but I think we are very likely to figure out how to make chips better than anyone else. Honestly. I don't know how long it will take. It could take several years."
Circle announces a decrease of 800 million USDC in circulation.
Bjie.com data: Circle has published changes in USDC circulation as of October 8. Over the past 7 days, approximately 9.7 billion USDC were issued and approximately 10.5 billion USDC were redeemed, resulting in a decrease of approximately 800 million in circulation. Currently, the total circulation of USDC is 73 billion, with reserves of approximately 73.2 billion USD, including approximately 36.3 billion USD in overnight reverse Treasury repurchase agreements, approximately 26.9 billion USD in Treasury bills with maturities of less than 3 months, approximately 9.3 billion USD in deposits with systemically important institutions, and approximately 700 million USD in other bank deposits.
Musk: Terrafab factory will reshape chip manufacturing
According to CoinWorld news, Musk stated that the Terrafab factory will reshape chip manufacturing. He pointed out that although he currently "does not know how to make microchips," Tesla's expertise in manufacturing custom equipment makes it possible to find a better manufacturing method. Musk said outside Tesla's Gigafactory in Austin, Texas, to customers and investors that he did not see much custom equipment when visiting competitors' facilities, while Tesla has extensive experience in this area. He believes that manufacturing chips is one of the hardest things in the world and that it may take several years to find the best solution.