DmitriRich

START PERPS SIMPLY WITH THENAThere's more to explore: #THENA Perps V2. Perps let you trade price movements without buying $THE coin. Up or down, you choose a side. Here's how to get started, step by step, without overlooking the risks. 1/ Connect your wallet and complete the account setup shown. Before trading, deposit an accepted asset as collateral (margin). Think of margin as the money backing your trade. Check which assets the platform currently accepts. 2/ Now pick a market you understand. Choose your direction: LONG ➵ You expect the price to rise SHORT ➵ You expect it to fall For example, if you expect $BTC to drop, you can open a short without owning any BTC. Simple idea. Different risk from a spot trade. 3/ Next: position size and leverage. Say you put up $50 margin at 2x leverage. You now have roughly $100 in market exposure. A 1% price move changes your position's value by about $1 before costs. Higher leverage means bigger swings relative to your margin. 4/ Before placing your order, check: ▹ Market or Limit order ▹ Trading fees and funding ▹ Estimated liquidation price ▹ Available margin Consider setting a Stop Loss (SL) and Take Profit (TP) if supported for your order. A SL helps manage risk but can't guarantee an exit price. 5/ Ready to place the trade? Review the details and submit your Long or Short order. One important thing: submitting an order doesn't mean it has executed. Check its status. Your position is open only once the order fills. Then monitor PnL, margin and liquidation risk. 6/ Want to close the trade? Find your open position, choose to reduce or close it, and confirm. Make sure the closing order actually executes. My beginner tip: start small, use modest leverage and understand the fees before increasing your position size. 7/ Why trade on THENA? Perps V2 uses #orbsnetwork Ultra for order execution and access to external liquidity, with onchain settlement. It's another trading option in the THENA ecosystem on #BNBChain . Explore THE interface and try it when you're ready! Trade carefully. NFA. {future}(BTCUSDT) {future}(THEUSDT)

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START PERPS SIMPLY WITH THENA

There's more to explore: #THENA Perps V2.
Perps let you trade price movements without buying $THE coin. Up or down, you choose a side. Here's how to get started, step by step, without overlooking the risks.
1/ Connect your wallet and complete the account setup shown.
Before trading, deposit an accepted asset as collateral (margin).
Think of margin as the money backing your trade. Check which assets the platform currently accepts.
2/ Now pick a market you understand.
Choose your direction:
LONG ➵ You expect the price to rise
SHORT ➵ You expect it to fall
For example, if you expect $BTC to drop, you can open a short without owning any BTC. Simple idea. Different risk from a spot trade.
3/ Next: position size and leverage.
Say you put up $50 margin at 2x leverage. You now have roughly $100 in market exposure.
A 1% price move changes your position's value by about $1 before costs. Higher leverage means bigger swings relative to your margin.
4/ Before placing your order, check:
▹ Market or Limit order
▹ Trading fees and funding
▹ Estimated liquidation price
▹ Available margin
Consider setting a Stop Loss (SL) and Take Profit (TP) if supported for your order. A SL helps manage risk but can't guarantee an exit price.
5/ Ready to place the trade?
Review the details and submit your Long or Short order. One important thing: submitting an order doesn't mean it has executed.
Check its status. Your position is open only once the order fills. Then monitor PnL, margin and liquidation risk.
6/ Want to close the trade?
Find your open position, choose to reduce or close it, and confirm. Make sure the closing order actually executes.
My beginner tip: start small, use modest leverage and understand the fees before increasing your position size.
7/ Why trade on THENA?
Perps V2 uses #orbsnetwork Ultra for order execution and access to external liquidity, with onchain settlement. It's another trading option in the THENA ecosystem on #BNBChain .
Explore THE interface and try it when you're ready! Trade carefully. NFA.

PINNED

The #defi journey continues.

$THE future is bright.

#THENA

Aave V4 just changed where lending risk sits.

The headline is three new #Ethereum✅ markets for borrowing RLUSD, PYUSD and OUSD. The interesting part is the control layer: #Sentora now chooses collateral, rate curves, oracles and liquidation parameters for its own Hub and markets.

Aave DAO still owns the contracts. Risk-increasing changes face a 48-hour timelock, and new assets require governance review. That creates a hybrid model: specialist curators can build focused credit markets, but users must evaluate the curator as well as the protocol code.

For traders, the next signal is not the launch headline or $AAVE price. Watch deposits, borrowing utilization and how these markets behave during volatility. If the structure holds up, V4 can scale specialized lending without placing every borrower under one shared risk mandate.

AAVE-2.00%

HSBC just gave a stablecoin something most launches spend years chasing: distribution on day one.

#redcoin (RCHKD) launched today inside PayMe, giving more than 3.3 million users access to person-to-person transfers and payments at over 100,000 merchants.

The interesting part isn’t that a bank issued an HKD stablecoin. It’s that #HSBC skipped the usual cold-start problem by placing it inside an app people already use.

But this is still a controlled test. HSBC’s launch release does not specify the underlying blockchain or support for transfers to outside wallets. The metric that matters next is repeat payment use and whether RCHKD eventually becomes portable beyond HSBC’s own rails.

That would be the real bridge from bank money to on-chain money.

Venus’s published deadline has arrived: support for #opbnb , #Optimism and #Unichain is scheduled to end on October 23.

The interesting part isn’t the chain list. It’s the economics behind the cleanup. When the deprecation was proposed, the three deployments held about $155,000 in deposits and $32,000 in borrows combined, while generating roughly $300 a year, less than 0.02% of protocol revenue.

For users, the practical point is simpler. Check every affected deployment separately, review any outstanding debt and health factor, close or repay positions, then withdraw remaining supplied assets through the official Venus app. Do not assume balances were migrated automatically.

This is a targeted sunset of three low-usage deployments, not a Venus-wide shutdown.

Raydium’s headline volume just failed a basic reality check.

#Bitquery traced one #solana wallet that generated $1.40B of volume, 22.7% of #raydium CLMM’s total from Sep 21 to Oct 20 by round-tripping about $11K of USDC through 438 pools using fake versions of familiar tickers. The trades reversed in roughly 22 seconds.

The useful lesson isn’t “Solana volume is fake.” It’s narrower: volume and displayed liquidity can look enormous while real quote-asset depth is tiny.

Before trading an unfamiliar pool, check the token mint, actual $USDC reserves, holder concentration, and whether swaps repeatedly bounce between the same wallets.

Bullish

This week, I decided to look beyond the $THE price chart.

I spent time researching what #THENA is actually building, how it connects to the #BNBChain ecosystem and which developments deserve more attention.

Here's what I learned!

1/ First, I worked on a beginner-friendly guide to THENA Perps V2.
Longs, shorts, leverage, margin, liquidation risks...
One thing stood out: having hundreds of markets is great, but helping newcomers understand the risks is just as important.

2/ I also spent time understanding THENA's liquidity mechanics.
Concentrated liquidity, veTHE voting, pool incentives...
My takeaway? A high #APR doesn't automatically mean a good opportunity.
Trading activity, fees, price ranges and risks matter too.

3/ Looking beyond THENA, I explored its connections with other BNB Chain projects, including KyberSwap, Gamma and ICHI.
Something I find interesting about #defi : sometimes the biggest improvements come from making existing protocols work better together.

4/ Finally, I turned my research into $THE video covering 9 THENA developments.
With all the criticism surrounding the project, I wanted to take a closer look at what was actually happening.
Not everything is perfect. But ignoring the work being done isn't fair either.

5/ My biggest takeaway this week?
I don't think THE price alone tells the full THENA story.
I'll keep watching trading activity, liquidity, fees and how the announced developments progress.
That's what interests me most about THENA's future on BNB Chain.

$BTC ’s ETF bid got broader and price still failed to hold the move.

#US spot #bitcoin ETFs recorded $524.8M in net inflows on Oct 21. Unlike Monday’s #blackRock heavy print, the buying was spread across funds: IBIT added $235.0M, FBTC $212.7M, with several smaller funds also positive. Yet $BTC has slipped back near $81.8K after trading as high as $84.8K today.

That is more useful than the headline inflow. Broad institutional demand is being absorbed by existing sellers.

Now watch $80K–$81.5K, where #Glassnode places #etf and corporate treasury cost bases. Holding that zone would show the bid is supporting price. A daily close below $80K would put both groups underwater and bring the $77.6K True Market Mean into view.

$LMTS just exposed a problem with unlock headlines: the data feeds do not agree.

Limitless’s official token page now reports 452.24 million LMTS in circulation. #DefiLlama still shows 131.6 million and labels today’s release as 102.15 million, while another tracker lists 23.3 million. The official page also shows LMTS down 23.2% over 24 hours.

The useful takeaway isn’t one dramatic dilution percentage. It’s data hygiene. When calendars disagree, track official circulating supply, the project’s Sablier lock wallets, and exchange liquidity, not the biggest headline number.

What matters next: whether released supply actually reaches exchanges. Rising deposits with weak bids would confirm distribution. Muted deposits would mean the headline overstates immediate sell pressure.

BTC’s pullback is clearing leverage, not attracting a wave of new shorts.

$BTC retreated from an intraday high of $84,786 to about $82,804. Since the Oct 22 daily snapshot, #Binance BTCUSDT perpetual open interest fell from 98,002 BTC to 93,869 BTC, roughly 4.2%. The latest 8-hour funding rate was slightly negative at -0.0021%.

The interesting part isn’t the red candle. It’s that positions disappeared while price fell. That looks more like a #Leverage reset than traders aggressively building fresh short exposure.

Now watch the rebuild. If price stabilizes while #OI stops falling and funding stays near neutral, the market has cleaner footing. If OI rises quickly before price recovers, volatility risk returns.

Aero is live, but not every holder can migrate at the same moment.

At 00:00 UTC, the official upgrade portals opened and legacy #Aerodrome and #Velodrome emissions stopped. Liquid $AERO and $VELO , plus veNFTs that did not vote in the final epoch, can upgrade now. Final-epoch voters must wait until 01:00 UTC.

The important part is execution: migration is manual and irreversible. $AERO converts 1:1; $VELO converts at 0.044 $AERO . Claim rewards and rebases, reset active votes, and use only the official Aerodrome or Velodrome portal.

This is a wallet-check event, not a candle-chasing event.

AERO-6.78%

VELOAlpha-2.85%

There’s plenty of hate around $THE .

I wanted to look at what #THENA is actually doing.

So I made this recap of THENA’s recent updates and ongoing work.

Watch it and judge for yourself!

BNB+0.85%

The important part isn’t the overnight ATS outage. It’s what #Binance did to the funding signal.

An intermittent connectivity issue affected a major U.S. overnight alternative trading system from 03:46 to 06:30 UTC. For the 08:00 UTC funding calculation, Binance removed premium-index data from that window across U.S.-equity #TradFi perpetuals.

That makes the affected funding print a weaker read on positioning than usual. It was calculated after an input adjustment, not from a fully continuous premium history.

For these contracts, the cleaner test comes after the #usa cash session opens: watch whether basis and liquidity normalize before treating funding as confirmation.

$IOST’s 75% move is not being funded by crowded longs. It is happening while the #Binance perp trades below its spot index and funding is near -0.10%, meaning shorts are paying to stay in.

Open interest is up about 235% in 24 hours, even after a 4.4% one-hour unwind. That is the real risk: fresh leverage entered much faster than price structure could mature.

With no fresh official catalyst verified, this looks more like a derivatives squeeze than a clean fundamental repricing.

Watch #OI , not just price. If price holds while OI falls, the move is being absorbed. If both fall together, the squeeze is unwinding.

IOST-10.42%

Bullish

Verified

The most useful detail in Binance’s four new #TradFi perps is a ticker trap: MDTUSDT now refers to Medtronic shares, not Measurable Data Token.

#Binance lists $CEG USDT, BACUSDT, $IBKR USDT and MDTUSDT from 09:00–09:20 UTC on Oct 21. All settle in $USDT , trade 24/7 and offer up to 20x leverage, with funding every eight hours.

That creates two checks before trading: confirm the underlying, then watch the basis when U.S. cash markets are closed. A 24/7 perp can keep moving while the reference stock is not trading, so headline risk and off-hours liquidity matter more than the familiar ticker suggests.

Webull’s crypto-perp launch matters less for the contracts than for the distribution.

Starting in November, eligible U.S. #webull customers will get access to $BTC and selected crypto perpetual futures. The contracts will be listed on #KalshiEX and cleared through Kalshi Klear, both operating inside CFTC-regulated infrastructure.

That is the real shift: a product associated with offshore exchanges is moving into a mainstream U.S. brokerage workflow. It does not guarantee immediate liquidity, but it lowers the access barrier and puts regulated U.S. perps in front of a much broader retail audience.

The next signal is not the announcement. Watch the final asset list and, once trading begins, volume and open interest. If those build, crypto derivatives liquidity may start fragmenting across a new regulated venue.

So $ZRO just passed the part traders expected to be bearish and price did not confirm the headline.

The October 20 unlock released about 23.28M ZRO, worth roughly $43.5M. Yet ZRO is around $1.90 and up 3.3% on the day, while BTC is down about 1.0% and $ETH about 1.5%.

That relative strength matters more than the unlock headline. It suggests at least part of the supply risk was hedged or priced in before the event. But an unlock is not an instant market sale, recipients can distribute later.

The clean test now: hold $1.90 and reclaim the $1.98 intraday high. If that happens while $BTC stays weak, the market is absorbing the supply. Losing today’s $1.81 low would invalidate that read.

So $BTC received $526.7M of net #etf inflows on Oct 19 and still slipped below $82K. That is the signal not the headline number.

Farside's total was driven almost entirely by #BlackRock⁩ 's IBIT at +$665.2M. Fidelity's FBTC lost $83.6M and Grayscale's GBTC lost $54.9M, while the other reported funds were flat. This was not broad institutional demand. It was one product outweighing withdrawals elsewhere.

Yesterday's high was about $82.8K. If $BTC quickly reclaims it, the ETF bid may be absorbing overhead supply. If it cannot, the market is telling us that even a half-billion-dollar net inflow is meeting heavier selling outside the ETF channel.

Watch the price response, not the flow headline.

IBITETF-0.44%

FBTCETF-0.35%

SOL just absorbed a cleaner stress test than the headline suggests.

#SKYAI went from more than 2 million $SOL in September to zero, converting its entire treasury to cash for a tender offer that can total about $201 million. As of October 16, it reported $223.8 million in cash. It also removed the condition requiring SOL to stay above $100.

Yet $SOL is trading near $104 today, up about 2%, after touching $100.48 intraday.

The interesting part isn't another treasury company abandoning its crypto strategy. It's that a known corporate seller has finished while price is still holding the $100 area.

That changes the setup: the market no longer has to price the risk of SkyAI's remaining inventory. A clean hold above $100 would show real absorption. Lose it after the seller is gone, and the weakness is demand, not an overhang.

SOL-0.92%

SKYAI+1.22%