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Collaboration Aims to Develop Multi-Stablecoin Liquidity-Powered Global Settlement Layer

Near Protocol Validators Require 80% Approval for Proposed Annual Inflation Reduction, with Decision Expected by October 2025

The overall crypto market is experiencing a decline, with significant price drops in bitcoin and ethereum. Altcoins are leading the downward trend, and the total liquidation amount across the network is substantial. Large investors are adjusting their positions to cope with the volatility. Summary generated by Mars AI This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

DraftKings has acquired the CFTC-licensed Railbird exchange, entering the prediction market sector to counter competitive threats, resulting in an 8.3% increase in its stock price. This move expands its business into states where traditional gambling is prohibited, but also faces regulatory challenges. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.




- 05:23Infinex announces upcoming suspension of on-chain card trading game BullrunOn October 22, cross-chain aggregation DeFi platform Infinex announced that the on-chain card trading game Bullrun will soon be suspended, with Round 403 being the final daily round for now. Infinex will finalize the distribution method for Bulls to ensure that real players, rather than bots, receive the rewards. Bulls will be able to redeem rewards in the upcoming "Treasure Chest" event, with further details to be announced soon. The Bullrun card game will also return after the suspension, bringing new game modes and rewards.
- 04:43Mining company Bitfarms announces completion of $588 million convertible senior notes offeringBlockBeats news, on October 22, bitcoin mining company Bitfarms announced the completion of its offering of convertible senior notes due in 2031, with a total principal amount of $588 million. After deducting the initial purchasers’ discounts and commissions as well as estimated offering expenses, the net proceeds raised are approximately $568 million. The funds are intended to advance its high-performance computing/artificial intelligence infrastructure construction in North America.
- 04:42"Machi" Huang Licheng shorted ETH and HYPE last night; his principal was halved again today, with only 480,000 remaining.BlockBeats news, on October 22, according to HyperInsight monitoring, at 0:13 am today (UTC+8), Huang Licheng once again opened a new high-leverage HYPE long position, and then continued to chase the rally and increase his ETH position within the next hour, continuing to add to his position during the price drop. At that time, the notional value of the HYPE position increased to $1.7 million, and the notional value of the ETH position reached $10 million. In the past 4 hours, as the ETH position approached liquidation, he was forced to close the HYPE long position at a loss and used all remaining funds to further increase his ETH position to average down the cost. Currently, the average price of the ETH position has been raised to $3,952. The current floating loss on this position has exceeded 64%, with a liquidation price of $3,749. Meanwhile, he has placed staggered sell orders to close the position in the $3,950 to $4,188 range. In addition, the total value of this address's account has been halved again in less than a day, with the remaining principal now at $480,000.