Today's Hot News

1. Major shakeup in the crypto market: BTC, ETH, and others plummet significantly, with $1.7 billion in liquidations over 24 hours

2. Russia proposes to establish a Bitcoin strategic reserve: A representative from the Russian State Duma suggests creating a Bitcoin reserve to address potential financial risks

3. Fed rate cut expectations rise: The market anticipates that the Fed will cut rates by 25 basis points at the December meeting, with a probability as high as 85.8%

4. Argentina allows local investors to invest in Bitcoin spot ETFs

5. Major U.S. stock indices collectively decline: The three major U.S. stock indices generally fell, with cryptocurrency-related stocks also performing poorly

6. $200 million USDT transferred to Bitfinex: Approximately 200 million USDT transferred from the Tether Treasury account to Bitfinex exchange

7. Coinbase stock price target raised: Needham raises its price target for Coinbase stock to $420, indicating market optimism about its future prospects

8. Eric Trump, son of Donald Trump, states that reasonable regulation can help the U.S. become a crypto superpower, emphasizing that his father plans to promote the U.S. as the global crypto capital from the White House.

9. CryptoQuant analyst: Ethereum funding rate hits a multi-month high; investors should pay attention to short-term adjustment risks

10. Bloomberg: The rise in cryptocurrencies has enabled crypto companies that emulate MicroStrategy's strategy of issuing convertible bonds to achieve significant returns

11. CZ: Establishing a Bitcoin strategic reserve is "inevitable"

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