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Wu Blockchain· 2025-10-12 09:26
Bitcoin Core 30.0 is released with new features, bug fixes, and performance improvements. Key updates include higher limits on signature operations, better support for multiple OP_RETURN outputs, and lower default fee rates. The wallet and GUI have been updated, including legacy wallet removal and Qt 6 migration. Users on versions 27.x or older should upgrade. https://t.co/sjjYcHmioE ...
X @Wu Blockchain
Wu Blockchain· 2025-10-12 06:27
Hyperliquid founder Jeff said the platform maintained 100% uptime and zero bad debt during the recent market volatility. It was the first time in over two years that Hyperliquid activated cross-margin Auto-Deleveraging (ADL). While some specific ADL trades performed poorly, overall the mechanism allowed traders to capture substantial profits through brief favorable liquidations.https://t.co/8JkhxU4MdI ...
X @Wu Blockchain
Wu Blockchain· 2025-10-12 05:11
New Product Launch - Coinbase plans to launch a new American Express card in the U S this fall [1] - The card will feature hex data from Bitcoin's genesis block [1] - The card will be available exclusively to Coinbase One subscribers [1] Cashback Program - The card offers up to 4% Bitcoin cashback [1] - Cashback is adjusted based on users' asset holdings [1]
X @Wu Blockchain
Wu Blockchain· 2025-10-12 04:04
Regulatory Scrutiny - India's tax authority is investigating over 400 high-net-worth Binance traders for alleged tax evasion [1] - The investigation covers FY 2022–23 and 2024-25 [1] - The Central Board of Direct Taxes has instructed regional offices to report actions by October 17 [1] Taxation - Indian crypto traders face a 1% TDS (Tax Deducted at Source) on each transaction [1] - A 30% profit tax is levied on crypto trading profits in India [1] - Surcharges are added to the profit tax, bringing the effective tax rate to approximately 42.7% [1]
X @Wu Blockchain
Wu Blockchain· 2025-10-12 02:42
Regulatory Scrutiny - South Korea's National Tax Service (NTS) is intensifying its crackdown on crypto tax evasion [1] - NTS warns that even cold wallets may be subject to search and seizure [1] - NTS uses blockchain analysis tools to track on-chain activity [1] - NTS will confiscate hard drives or cold wallets if assets are suspected to be hidden offline [1] Tax Enforcement & Recovery - Over the past four years, the agency has seized and liquidated ₩1461 亿韩元 (approximately $108 million) in crypto from 14,140 tax delinquents [1]
X @Wu Blockchain
Wu Blockchain· 2025-10-12 01:24
Market Analysis & Potential Risks - The October 11 crash may have been a coordinated attack on Binance, exploiting vulnerabilities in its Unified Account margin system [1] - The attack exploited the use of volatile assets like USDE, wBETH, and BnSOL as collateral within Binance's system [1] - The depegging of these assets triggered massive liquidations, resulting in estimated losses of $500 million - $1 billion [1] - The timing of the crash, between Binance's oracle update announcement and implementation, suggests potential coordination [1] - Analysts draw parallels between this event and the LUNA-UST collapse, highlighting the systemic risks associated with using non-fiat stablecoins as high-collateral assets [1] Systemic Risk - The industry warns that using non-fiat stablecoins as high-collateral assets increases systemic risk [1]
X @Wu Blockchain
Wu Blockchain· 2025-10-11 16:39
Compensation for Affected Users - Binance will compensate users affected by USDE, BNSOL, and WBETH price depegs between 21:36 and 22:16 (UTC) on 2025-10-10 [1] - Compensation will cover the difference between the liquidation price and the market price at 00:00 (UTC) on 2025-10-11 [1] - Compensation will be issued within 72 hours [1] - Users outside the specified scope can contact support for case-by-case review [1] Risk Control Measures - Binance will strengthen risk controls by incorporating redemption prices into the price index for USDE, WBETH, and BNSOL [1] - Binance will introduce a minimum price threshold for USDE [1] - Binance will increase the frequency of risk parameter reviews [1]
X @Wu Blockchain
Wu Blockchain· 2025-10-11 16:09
According to Onchain Lens, a newly created wallet withdrew 27,159 ETH (approximately $104.19 million) from Kraken. In total, three wallets—likely associated with BitMine—have withdrawn 78,824 ETH (worth $302.12 million) from the exchange. https://t.co/lOlOrOEP3t ...
X @Wu Blockchain
Wu Blockchain· 2025-10-11 15:45
Tom Lee, Chairman of Ethereum treasury firm BitMine, said in an interview with CNBC that today’s market pullback may be overdue to an extent. He noted, “Since the April low, the market has gained 36%. Today’s decline is the largest in the past six months. The fear index VIX surged 29% at one point, marking the 51st largest single-day move in history, ranking among the top 1% of extreme events. According to Lookonchain, Bitmine has purchased a total of 41,421 ETH today, worth approximately $158 million. http ...
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Wu Blockchain· 2025-10-11 13:17
Compensation Plan - Binance is potentially preparing to launch its largest compensation plan to date [1] - Compensation will be determined on a case-by-case basis, following a review of individual account activity and situation analysis [1] - Losses attributed to market volatility and unrealized profits will not be considered for compensation [1]