Stream Finance Suspends Operations After Losing $93 Million Stream Finance has suspended all asset transactions after losing $93 million. According to the company, the loss was reported by an external manager who controlled part of Stream's funds. The incident is believed to be related to a hack of Balancer, but the exact cause has not yet been determined. The Stream team stated that withdrawals and deposits have been temporarily suspended, and pending transactions will not be processed. Following the incident, the xUSD (Staked Stream USD) token lost its peg to the dollar and fell to $0.26.
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Bitcoin faces its first "Red October" since 2018 Historically, October has been the most profitable month for BTC, but this year the situation could change, with the market slipping into the red. According to Polymarket, about 33% of users are betting that Bitcoin will fall below $100,000 by the end of the month. If this forecast comes true, it will be the first "Red October" for BTC in seven years.
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After such a quick market crash, the cryptocurrency recovered just as quickly, but it still changes its mood very quickly.
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