Bitcoin has not yet stabilized at 69,000 dollars, with a 24-hour decrease of 3%.

On October 22, according to HTX market data, Bitcoin fell below 67,000 dollars, with a 24-hour decrease of 3.76%. Pi42 co-founder and CEO Avinash Shekhar stated in an interview, 'Bitcoin is approaching the key resistance level of 70,000 dollars, driven by several factors, including Kamala Harris's support for cryptocurrencies, Trump's 60% chance of winning, low interest rates, and a decrease in fears of a third world war.' He added that the bullish target is to reach 72,000 dollars in the short term, while bearish investors hope the price stays above 66,500 dollars.

Yesterday, BITB had a net outflow of 22.1 million dollars, and ETHE had a net outflow of 29.6 million dollars.

According to monitoring data from Farside Investors, the funding data for the U.S. spot Bitcoin ETF and spot Ethereum ETF yesterday (October 21) is as follows:

Spot Bitcoin ETF: BITB net outflow of 22.1 million dollars, ARKB net outflow of 6.1 million dollars, HODL net outflow of 7.6 million dollars, GBTC net outflow of 4.8 million dollars.

Spot Ethereum ETF: ETHE net outflow of 29.6 million dollars, ETHV net inflow of 3.9 million dollars.

Political donations in Bitcoin and cryptocurrencies for the U.S. presidential election are nearing 200 million dollars.

According to Bitcoin Magazine, political donations in Bitcoin and cryptocurrencies for the U.S. presidential election are nearing 200 million dollars.

Paradigm co-founder: Stablecoins are the next killer application for cryptocurrencies.

On October 22, Paradigm co-founder Matt Huang posted on social media, 'Stablecoins are the next killer application for cryptocurrencies—obvious to everyone in the crypto industry, but less so to outsiders. Congratulations to Stripe and Bridge.'

Previously reported, payment company Stripe has acquired the stablecoin platform Bridge for 1.1 billion dollars, marking the largest acquisition in the cryptocurrency sector.

The probability of the Federal Reserve cutting rates by 25 basis points in November is 86.8%.

According to CME's 'FedWatch', the probability of the Federal Reserve lowering rates by 25 basis points in November is 86.8%, the probability of maintaining the current rate is 13.2%, and the probability of a 50 basis point cut is 0%. The probability of maintaining the current rate until December is 3.5%, the cumulative probability of a 25 basis point cut is 32.9%, the cumulative probability of a 50 basis point cut is 63.6%, and the cumulative probability of a 75 basis point cut is 0%.

GOAT has increased over 70% in 24 hours, with a current market cap reported at 449 million dollars.

On October 22, according to market data, GOAT briefly broke 0.47 dollars before retreating, currently priced at 0.4496 dollars, with a 24-hour increase of 70.5%, and a current market cap reported at 449 million dollars.

Trump's probability of winning on Polymarket is now nearly 30 percentage points ahead of Harris.

On October 22, the probability of Trump winning the U.S. presidential election on the prediction market Polymarket rose to 64.5%, while Harris's probability fell to 35.5%, with a nearly 30 percentage point difference between the two.

In addition, the platform's prediction volume for the U.S. presidential election has approached 2.2 billion dollars.

U.S. CFTC chair calls on Congress to advance cryptocurrency and election betting legislation.

U.S. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam stated at the SIFMA annual meeting that Congress is not expected to take action on cryptocurrency legislation in 2024. He called on Congress to focus on regulating crypto assets and election betting issues, emphasizing the importance of these areas.

Behnam pointed out that although the FIT21 bill has passed in the House, it has not made further progress in Congress. Additionally, the legal dispute between the CFTC and prediction market Kalshi continues, as Kalshi has begun offering betting services for the U.S. presidential election. The CFTC is working to overturn the court ruling, seeking to regain regulatory authority in this area.

LayerZero CEO disclosed a vulnerability in the Across token contract and proposed a solution.

LayerZero CEO Bryan Pellegrino stated that there is a critical issue with the Across Protocol token contract, allowing tokens to be withdrawn from any wallet and clearing the account balance. He suggested transferring contract ownership to a new immutable smart contract to prevent over-minting and token destruction.

The ETH/BTC ratio has dropped to its lowest point since April 2021.

Since the Federal Reserve cut rates by 50 basis points in September, Bitcoin has risen by 14%, while Ethereum has only increased by 12%. Kaiko Research points out that weak institutional demand for Ethereum has led to the ETH/BTC ratio dropping to its lowest since April 2021. Bitcoin has benefited from inflows into exchange-traded funds (ETFs), while Ethereum has underperformed compared to other major cryptocurrencies. Furthermore, analysts believe that Ethereum will struggle to consistently outperform Bitcoin until there is a significant shift in institutional demand.

A 'primitive whale' from 2009 has sold Bitcoin worth 9.68 million dollars.

According to Arkham data, an 'ancient whale' who started mining Bitcoin from the early days has recently made a large sell-off.

According to tracking data, this address began mining thousands of BTC just 5 days after the first block was created in 2009, having sold BTC worth 9.68 million dollars, with 72.09 million dollars worth of BTC remaining.

The largest acquisition in Web3 history: What exactly is Stripe's 1.1 billion dollar Bridge?

Payment giant Stripe acquired the stablecoin platform Bridge for 1.1 billion dollars, making it the largest acquisition in Web3 history. Bridge offers a simple and easy-to-use API that helps businesses easily integrate stablecoin payments and supports cross-border fund transfers. Its services have been adopted by companies like SpaceX, with annual payments exceeding 5 billion dollars. Bridge has obtained operational licenses in multiple locations worldwide and collaborates with several cryptocurrency companies to promote the popularity and development of stablecoin payments.

Apechain ignites the market; will Ape Express be the next Meme trend?

Recently, the gaming sector has warmed up, and the price of Apecoin ($APE) has skyrocketed. Apechain launched the Meme Pump application Ape Express, igniting the BAYC community. Within an hour of going live, Ape Express's trading volume surpassed one million dollars, reaching 25 million dollars within 12 hours. Several popular tokens have emerged in the Apecoin ecosystem, but be wary of on-chain scams. The market is positively responding to old projects entering the Meme space, but the future performance of Apechain needs further observation.

Weekly trading volume hits new highs; Pump Fun's token issuance and airdrop are imminent!

The meme launch platform Pump.fun on the Solana chain has launched a new trading bot, Pump Advanced, and plans to issue tokens, possibly accompanied by an airdrop. Since January, the platform has created over 2.5 million Solana tokens, generating 140 million dollars in revenue. Pump Advanced aims to compete with other trading tools, offering a fee-free first month to attract traders. Although a specific timeline for token issuance and airdrops has not been provided, Pump.fun's trading volume has hit a record high of over 1.1 billion dollars.