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In the past 24 hours, 44,755 traders were liquidated, the total liquidations comes in at $120.67 million
The largest single liquidation order happened on Bitmex-
$BTC
BTC value $10M
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Binance
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In the past 24 hours, 181,017 traders were liquidated, the total liquidations comes in at $575.24 million The largest single liquidation order happened on Binance-BTC value $4.67M
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Render Network’s Burn Rate Accelerates with 20K $RENDER Tokens Burned This Month ate: Wed, Oct 09, 2024, 12:08 PM GMT As of October 9, 2024, Render Network, the decentralized GPU rendering platform, is seeing a significant uptick in its token burn rate. This burn process, which permanently removes tokens from circulation, is turning Render into a more deflationary asset. Over the past two months, the platform has increased its token burns, signaling a strong momentum in reducing the overall supply of $RENDER. In August, Render Network burned 23,406 tokens, valued at approximately $110,000. By September, the number had risen dramatically, with 315,037 tokens burned, totaling $183,000 in value. Now, in the first nine days of October alone, 20,000 $RENDER tokens have already been burned, worth about $112,000. At this pace, October is on track to set a new record for Render’s token burn activity.
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SAFU stands for Secure Asset Fund for Users. A term that originated from a viral 2018 YouTube video by Bizonacci, inspired by former Binance CEO CZ’s tweet, “Funds are safe.” The SAFU fund was established by #Binance in July 2018 to protect users in extreme situations.
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