AICoin Daily Report (October 12)

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1. Trump Announces 130% Tariff on China Starting in November

According to Solid Intel, Trump announced a 130% tariff on Chinese goods starting November 1, along with strengthened export controls on key software to address escalating trade tensions. -Original

2. Solana Sets Record with 100,000 TPS During Liquidation Event

According to SolanaFloor, Solana underwent its largest stress test to date during a massive liquidation event this morning, maintaining complete network stability while achieving a record 100,000 transactions per second (TPS). The core development team, Anza, stated that the Solana validator client, Agave, successfully handled peak traffic without any network performance degradation, achieving over six times the normal traffic capacity and fully processing blocks with a capacity of 60 million compute units (CU). This performance further validates the technical strength and stability of the Solana network under high-load scenarios. -Original

3. Market Crash Triggers $19.1 Billion in Liquidations, Setting a New Record

4. Tether and Circle Issue an Additional $1.75 Billion in Stablecoins

According to Lookonchain, following the market crash on October 11, Tether and Circle collectively issued an additional $1.75 billion in stablecoins. -Original

5. Bitcoin Mining Company Cango's Holdings Exceed 6,000 BTC

Cango, a Bitcoin mining company listed on the NYSE, released the latest data on the X platform, stating that as of October 11, 2025, the company's Bitcoin holdings have increased to 6,004.64 BTC. This figure indicates its continued investment in digital asset reserves, further solidifying its market position in the cryptocurrency sector. -Original

6. India Investigates Over 400 Binance Users for Tax Evasion

According to Jinse Finance, Indian tax authorities are investigating over 400 high-net-worth individuals for suspected tax evasion related to their transactions on Binance. The investigation covers transactions from the 2022-23 fiscal year to the 2024-25 fiscal year, and the Indian Central Board of Direct Taxes has requested local offices to submit progress reports by October 17. -Original

7. Solana DEX Trading Volume Exceeds $8 Billion, with Orca Leading

According to SolanaFloor, during last night's massive liquidation event, the total trading volume of Solana decentralized exchanges (DEX) surpassed $8 billion, with Orca leading at $2.49 billion. Additionally, four Solana DEXs had 24-hour trading volumes exceeding $1 billion. -Original

8. Hyperliquid Platform Traders Suffer Over $100 Million in Liquidations

On October 11, according to Lookonchain monitoring, during the market crash, four traders on the Hyperliquid platform were liquidated, with total losses exceeding $100 million. Among them, 0x1a67 lost $18.73 million, with the account emptied; 0x1d52 lost $16.43 million, leaving only $140; 0x0a07 lost $15.69 million, leaving only $104; and 0xb2ca lost $13.72 million, with the account emptied. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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