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The well-known decentralized application data platform DappRadar has announced the cessation of operations due to financial unsustainability and issues with its business model. The price of its token, RADAR, has plummeted, and the decline in the GameFi and NFT industries has led to a sharp decrease in revenue. Summary generated by Mars AI This summary was generated by the Mars AI model; the accuracy and completeness of its content are still being iteratively improved.
Quick Take Bitwise’s spot XRP ETF will start trading on Thursday under ticker XRP. There have been a rush of new altcoin ETFs in the U.S. market since the SEC updated its guidance clarifying procedures for firms seeking to roll out crypto ETFs.
Quick Take William Lonergan Hill was sentenced on Wednesday in the U.S. District Court for the Southern District of New York about two weeks after the sentencing of his former colleague Keonne Rodriguez. The pair pleaded guilty in July after initially denying the charges last year.
Quick Take World Liberty said it froze some user accounts in September following third-party security lapses and is beginning to reallocate funds to secure wallets. Earlier this week, Sens. Elizabeth Warren and Jack Reed reportedly asked the Justice and Treasury Departments to investigate alleged WLF token sales to sanctioned entities, citing Accountable.US research.
- 17:01A whale shorted 1,232 BTC with 20x leverage, with unrealized profits reaching $28.7 million.According to ChainCatcher, monitored by Lookonchain, a whale (0x5D2F) has shorted 1,232 BTC (worth $108.63 millions) with 20x leverage, currently holding over $28.7 millions in unrealized profit. Limit orders have been placed between $75,819 and $79,919 to take profit.
- 16:53Numerai completes $30 million Series C funding roundJinse Finance reported that Numerai has completed a $30 million Series C funding round at a $500 million valuation, led by several university endowment funds. Union Square Ventures, Shine Capital, and Paul Tudor Jones also participated. The new funds will be used to expand the engineering and R&D teams, and a new office will be opened in New York City.
- 16:48"Machi" has been liquidated 145 times since the "1011 crash"According to Jinse Finance, monitoring by Lookonchai shows that as "Machi Big Brother" has once again faced partial liquidation, he has been liquidated 145 times since the "1011 crash." Previous reports indicated that as the market declined, Machi Big Brother's 25x leveraged Ethereum long position suffered partial liquidation, with total losses exceeding $20 million.