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Quick Take Summary is AI generated, newsroom reviewed. Solana achieved 100,000 TPS during a major liquidation event. Agave client handled 6x peak traffic and 60 million compute units per block. Event coincided with $597M crypto liquidations and Bitcoin volatility. Highlights Solana’s scalability and DeFi resilience compared to Ethereum and other blockchains.References X post reference
Bitcoin plummeted from over $120,000 to $111,000 after Trump announced a 100% tariff on China. The cryptocurrency market dropped by more than 10% within a few hours.
Quick Take Summary is AI generated, newsroom reviewed. BlackRock clients sold $80.2 million worth of Ethereum, sparking debate over institutional sentiment. The Ethereum sell-off signals growing caution amid volatile market and liquidity tightening. Analysts see the move as either strategic rebalancing or a short-term bearish signal. Ethereum’s long-term outlook depends on network upgrades and renewed investor confidence.References JUST IN: BlackRock clients sell $80.2 million worth of $ETH.
Quick Take Summary is AI generated, newsroom reviewed. Ethereum ETF outflows reached $175 million, marking a sharp decline in investor confidence. Bitcoin ETF inflows remained stable with minimal $4.5 million withdrawals, showing resilience. Regulatory uncertainty and reduced DeFi activity contributed to Ethereum’s weakening sentiment. The latest crypto investment trends suggest a continued shift toward Bitcoin as the preferred institutional asset.References 🚨 UPDATE: $ETH ETFs saw $175M in net outflows w
Quick Take Summary is AI generated, newsroom reviewed. BitMine faces a $1.9 billion unrealized loss on its ETH holdings. The company has a history of buying Ethereum during price drops. Analysts warn of risk from share dilution and market timing. Investors await BitMine’s next move amid ongoing market pressure.References Bitmine now has a floating loss of $1.9B on its $ETH holdings. Are they going to buy the dip?
- 18:34Ukrainian crypto blogger Kudo found dead in Kyiv, police initially rule as suicideBlockBeats News, October 11, according to RBC-Ukraine, 32-year-old Ukrainian cryptocurrency blogger Konstantin Ganich (online name Kudo) was found dead in Kyiv. Police discovered his body in a car with a gunshot wound to the head, and a weapon registered in his name was found nearby. The preliminary determination is suicide. Kudo was a well-known cryptocurrency blogger and the CEO of Cryptology, engaged in financial and trading consulting and education. In a recent interview, Kudo mentioned that his partner had stolen his funds and disappeared. Kudo had expressed to friends and family that he was feeling depressed due to financial difficulties and had left a suicide note.
- 18:34Tom Lee: Today's decline is a healthy shakeout, and the pullback is a good buying opportunityBlockBeats News, on October 11, Tom Lee, Chairman of BitMine, the largest Ethereum holding institution, commented on today's market flash crash: "The decline was expected, as there has already been a 36% increase since the April low. Today, the fear index VIX once surged by 29%, marking the 51st largest single-day volatility in history, ranking among the top 1% of extreme market moves. Today's drop is a decent shakeout. What I want to tell everyone is that the market is indeed a bit tense, but unless there is a real structural change, this kind of pullback is a good buying opportunity. I can't say for sure that the market has bottomed out today, but we know that under the current circumstances, the returns over the next week or even month will be pretty good. If someone asks me how the market will perform in a week, I would say the probability of an increase is quite high."
- 18:34USDC Treasury mints an additional 250 million USDC on the Solana chainBlockBeats News, October 11, according to Whale Alert monitoring, about 2 minutes ago, USDC Treasury minted an additional 250 million USDC on the Solana chain.