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Whale Faces $15.5M Loss on $74M Solana Investment
Whale Faces $15.5M Loss on $74M Solana Investment

A whale loses over $15.5M after buying $74M in Solana at $220 average since Oct 1.Heavy Bet on Solana Turns SourWhale’s Holdings Tracked Across Two WalletsCommunity Reacts to Bold Strategy

Coinomedia·2025/10/12 09:15
Vitalik Buterin Confirms Support for Steak ’n Shake’s ETH Payment Pause After Bitcoin Community Pushback
Vitalik Buterin Confirms Support for Steak ’n Shake’s ETH Payment Pause After Bitcoin Community Pushback

Quick Take Summary is AI generated, newsroom reviewed. Vitalik Buterin supports Steak ’n Shake pausing its ETH vote, calling it a principled move. Bitcoin community pressure led to the halt, citing BTC’s superior Lightning performance. ETH averages 15–30 TPS with $3–$10 fees; BTC Lightning offers faster, cheaper payments. Steak ’n Shake processed 120,000 BTC transactions since May 2025 via BitPay. The pause underscores ideological divides shaping crypto merchant adoption in 2025.References X Post Reference

coinfomania·2025/10/12 06:54
Flash
  • 13:46
    Two addresses are long on BTC, ETH, and SOL, currently holding a total of $33.72 million in long positions.
    Jinse Finance reported that, according to on-chain analyst Ai Yi's monitoring, two addresses are going long on BTC, ETH, and SOL, currently holding a total of $33.72 million in long positions. · Address 0x728...fAD88: 3 hours ago, deposited 3.3 million USDC as margin, opened 20x leveraged long positions on ETH and SOL, with a total value of $19.66 million. The opening price for ETH was $3,829.34, and for SOL was $180.97. · Address 0xe9d...e43a5: 2 hours ago, deposited 1 million USDC as margin, opened a 25x leveraged BTC long position, holding 125.73 BTC ($14.06 million), with an opening price of $111,593.4.
  • 12:43
    Analysis: The Impact of the Crypto Market "10.11 Flash Crash" May Take Several Days or Even Weeks to Fully Emerge
    ChainCatcher news, according to Wallstreetcn, after the "10.11 flash crash," the crypto market has begun to recover some of its losses, but the full impact of the event may take days or even weeks to fully manifest. Several industry insiders shared their views: Edward Chin, CEO of crypto hedge fund Parataxis, said he suspects that in the coming days or weeks, there will be news of some funds being liquidated or market makers suffering heavy losses. Caroline Mauron, co-founder of Orbit Markets, pointed out that the next major support level for bitcoin is at $100,000. A drop below this level would mark the end of the bull market cycle of the past three years. Vincent Liu, CIO of Kronos Research, believes that this plunge was triggered by tariff concerns but was exacerbated by excessive institutional leverage, highlighting the close connection between cryptocurrencies and the macroeconomy.
  • 11:47
    Venus: Users affected by the WBETH depegging on October 11 will be compensated through the Protocol Risk Fund
    ChainCatcher News, Venus Protocol stated on its social platform that some Venus users were affected by the WBETH price depegging during the market liquidation period. Venus Labs will use the protocol risk fund to compensate verified users who suffered losses due to the WBETH depegging issue that occurred between 5:36 and 6:16 on October 11, 2025 (UTC+8).
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