ChainCatcher news, according to Bloomberg, Thomas Peterffy, the founder of Interactive Brokers with a market value of $53 billion, recently expressed his views on Bitcoin investment, suggesting that investors allocate 2% to 3% of their net worth to Bitcoin, while emphasizing that the platform limits clients' Bitcoin investment to a maximum of 10% of their total assets.Peterffy expressed concerns about the price volatility of cryptocurrencies, believing that Bitcoin is similar to paper dollars in that it "has no intrinsic value," but still recommends that investors hold it in moderation. Since 2021, Interactive Brokers has opened cryptocurrency trading services for users, including Bitcoin, Ethereum, Litecoin, and BCH, through a partnership with Paxos Trust Co.

ChainCatcher message, Bitget released a statement and handling announcement regarding the abnormal price of BGB. From October 7, 10:53:00 to 10:58:59, the price of the BGB token experienced abnormal fluctuations, affecting some users' open contracts and leveraged positions.After investigation, this anomaly was mainly caused by several large leveraged trades, triggering a continuous forced liquidation effect on staking loans, leveraged trading, and contract trading products. Considering the impact of this event on some users' positions, Bitget will fully compensate the affected users. Bitget will distribute the compensation in the form of USDT and BGB airdrops to eligible user accounts by October 10, including staking loans using BGB as collateral, leveraged positions containing BGB, and full and isolated contract positions containing BGB.

ChainCatcher news, Binance stated in a blog post that the approval of a spot ETH ETF is expected to significantly increase demand and drive up the price of Ether, similar to the trend with Bitcoin ETFs. Due to staking and smart contracts tightening the supply of ETH on exchanges, the price of ETH may be more sensitive to ETF inflows than BTC, potentially leading to more volatile price fluctuations.The SEC's restrictions on staking ETH held by ETFs may lead savvy cryptocurrency investors to prefer direct staking, which could suppress some demand for ETFs while catering to different investor audiences.

ChainCatcher news, according to Bloomberg, GameStop CEO Ryan Cohen stated at the annual shareholders' meeting on Monday that he is focused on making the struggling video game retailer profitable and plans to avoid extreme stock price fluctuations caused by "hype." Cohen emphasized that revenue without profit and future cash flow prospects is meaningless to shareholders, and he plans to reduce the store network while expanding the variety of high-value products.Notably, the return of meme stock trader Keith Gill and mysterious posts drove GameStop's stock price to surge 167% for a time, adding $11 billion to its market value. However, the stock price fell 13% on Monday afternoon. Game industry analysts pointed out that GameStop's challenge lies in how to maintain profitability while scaling back its store operations and finding new growth points to offset declining sales.

ChainCatcher news, Greeks.live researcher Adam posted on social media that the rapid fluctuations in the market have driven the activity in the options market to the highest level in nearly a year, with over 15,000 large trades on that day and a nominal value exceeding 1 billion USD.Among them, the largest order was for 275 sets of iron condor options, with a single nominal value as high as 73.34 million USD. The composition of the options suggests that it is likely a rebalancing by options market makers, which can be seen as a bearish position being closed at a loss. Recently, large traders have been massively closing their options positions, whether to take profits on long positions or to cut losses on short positions, which has suppressed the rise of IV.

ChainCatcher message, OKX market shows that Bitcoin surged overnight and then fell back, hitting a low of 59000 USD in the early morning, currently rebounding to 63866 USD, down over 6% in 24 hours. Ethereum hit a low of 3179 USD in the early morning, now rebounding to 3565 USD, down about 2% in 24 hours.

ChainCatcher message, OKX founder Star tweeted that the team is investigating the recent OKB price fluctuations and will report to the community later.

ChainCatcher news, South Korean cryptocurrency exchange Upbit has issued an investment warning regarding Kyber Network (KNC) tokens: The LP pool of KyberSwap is suspected of stealing digital assets worth $47 million, and users should be aware of the price fluctuations of Kyber Network (KNC).Members of the Digital Asset Exchange Alliance (DAXA) may take measures such as urging investors to be cautious, issuing warnings, and terminating trading support. DAXA members are reviewing and monitoring market conditions and will continue to implement investor protection measures, providing timely information and responses.

ChainCatcher news, the NFT lending protocol ParaSpace officially stated that due to the severe fluctuations in the price of Azuki, the team has decided to suspend the Azuki mining pool, including functions such as deposits, withdrawals, and liquidations. This measure aims to give users more time to replenish liquidity, repay loans, and improve health status. As for the liquidation of Azuki, any shortfall at the end of the suspension will be covered by ParaSpace's reserve funds, and related functions will be restored once the market stabilizes.Previous report, last night ParaSpace has currently suspended the liquidation of 12 Azuki-related collateral loans. At present, the number of suspended liquidations for Azuki has reached 20. (Source link)

ChainCatcher news, blockchain research company Messari released a report stating that despite economic contraction, APE activity remains resilient. Metrics such as token circulation speed, new holders, transfer volume, average market cap, average DEX swap size, and average independent voting have all increased month-over-month.Compared to the previous quarter, APE's fully diluted valuation (FDV) grew by 20.6% in Q1 2023. In Q1 2023, over 33.2 million APE were unlocked for non-DAO entities. Despite selling pressure, this did not lead to any abnormal price fluctuations indicating significant APE sell-offs. Yuga ecosystem asset holders and APE holders claimed over 31.4 million APE.Although selling pressure persists, the average price of APE is still 20.6% higher than the previous quarter. APE staking began in early December 2022, with 31.4 million APE staked in Q1 this year. According to Etherscan data, 250 APE holders account for approximately 97.5% of the total APE supply, with at least 102 addresses being wallets controlled by the APE Foundation, which controls at least 27% of the whale wallets. (source link)

ChainCatcher message, FTX founder SBF published a long article stating that the total market value of FTX's assets/collateral is currently higher than customer deposits, but it will fluctuate with changes in market prices. However, this is different from the liquidity used for settlement, which can be seen from the status of withdrawals. The liquidity difference is significant and has become scarce. (Source link)