PANews reported on November 2nd that, according to on-chain analyst Yu Jin, an address that purchased ASTER on CZ added to its short position of ASTER worth $28.8 million, currently showing a floating profit of $1.29 million. He currently holds a short position of ASTER worth $50.62 million, with an opening price of $1.2 and a liquidation price of $2.08. He started shorting 18.55 million ASTER four days ago, and today, after CZ's "market recommendation," added to his short position of 24.41 million ASTER. He also shorted DOGE/ETH/XRP/PEPE and other coins, with a total floating profit of $7.86 million.
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PANews reported on October 12th that Coindesk is reporting that Coinbase plans to launch a new American Express card in the United States this fall. The card features hexadecimal data from the Bitcoin genesis block, paying tribute to the origins and philosophy of cryptocurrency. Available exclusively to Coinbase One subscribers, it offers up to 4% cashback in Bitcoin, adjusted for asset holdings. Cardholders will avoid foreign transaction fees and can repay balances using their bank accounts or cryptocurrency on the platform. Cardholders also enjoy standard American Express benefits, including exclusive offers and promotions.
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Ru Haiyang pointed out that digital assets will become the infrastructure layer of the future financial system. Compared to the current financial system, blockchain offers advantages in transparency, programmability, and accessibility. He believes that the development of digital assets will gradually transform the way financial markets operate: on the one hand, it will improve settlement efficiency and reduce intermediaries; on the other hand, it will enable assets to be divided and traded in smaller units, increasing market liquidity and investor participation, ultimately reshaping the pattern of international capital flows.
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