1. Gurbir Grewal, enforcement director of the U.S. Securities and Exchange Commission (SEC), announced his resignation, which aroused the market's attention to regulatory changes.
2. Federal Reserve official Barkin said that a 0.5 percentage point interest rate cut in September was reasonable because the interest rate level was inconsistent with the downward trend in inflation and unemployment.
According to Bloomberg reporter Walter, Federal Reserve official Barkin said that the 0.5 percentage point rate cut in September was reasonable because the interest rate level at that time was inconsistent with the downward trend in inflation and the unemployment rate close to a sustainable level.
3. Ripple is again appealed by the SEC, and the ongoing legal dispute poses a challenge to its future development.
4. The Bitcoin market has been volatile recently, with a total liquidation amount exceeding US$500 million within 24 hours, reflecting the instability of the market.
The cryptocurrency market suffered a sharp sell-off on Tuesday night, with the price of Bitcoin falling by more than 5%, resulting in a total liquidation of $526 million in 24 hours. Among them, the liquidation of long positions reached $453 million and the liquidation of short positions was $73 million.
5. Glassnode data shows that in the past two days, short-term Bitcoin holders transferred $3 billion worth of BTC to trading platforms, most of which were sold at a loss.
Since September 19, the group of short-term Bitcoin holders has purchased about 100,000 Bitcoins. As the price of Bitcoin soared to over $66,000 as of September 27, short-term holders began to buy heavily as the price rose. But as the price began to fall, they began to sell their holdings. In the past two days, short-term holders sent about 64,000 Bitcoins worth $4 billion to exchanges. About $3 billion of this was sent at a loss. On the other hand, long-term holders seem to remain calm. In the same time period, they, as a group, only sent 100 Bitcoins to exchanges at a loss. BlockBeats Note: Glassnode defines "short-term holders" as investors who hold Bitcoin for less than 155 days. This group tends to panic sell when the price of BTC falls below its cost price. -Original text
6. Kasikorn Bank in Thailand will launch the country’s first licensed digital asset custodian, marking the further development of digital asset custody services.
Kasikornbank is about to launch the country’s first licensed digital asset custodian.
7. Due to regulatory changes, Kraken plans to delist Monero in Europe, showing the continued regulatory pressure on privacy coins.
The price of Monero has fallen more than 5% to $144 in the past 24 hours, affected by the news that Kraken announced that it would stop supporting Monero (XMR) in the European Economic Area (EEA) at the end of October. Kraken said the move was due to regional regulatory changes and would stop trading and deposits in all XMR markets on October 31. Users must withdraw their assets before December 31, 2024. Unwithdrawn Monero will be automatically converted to Bitcoin and distributed to users on January 6, 2025. - Original text
8. Chiliz CEO said that the fan token market is larger than NFT and plans to launch a new token "Pepper".
SINGAPORE — Chiliz Blockchain aims to be the “sports blockchain,” and its CEO Alexandre Dreyfus told CoinDesk that the market for fan tokens is much bigger than non-fungible tokens (NFTs).
9. Solana's decentralized exchange (DEX) trading volume surpassed Ethereum for the first time in 43 days, showing its increased market activity.
According to SolanaFloor, the weekly trading volume of DEX on Solana has exceeded that of Ethereum for the first time in nearly 43 days. The trading volume of DEX on Solana in the past 7 days is US$9.112 billion, and the trading volume of DEX on Ethereum in the past 7 days is US$9.094 billion.
10. FTX Real Estate plans to sell locked Worldcoin tokens worth US$38 million, and the market is paying attention to the progress of its asset disposal.
FTX Assets is auctioning off 22.3 million locked Worldcoin tokens, three sources told The Block. Bids for the WLD token sale must be submitted by 8 p.m. ET on Wednesday, the two sources added.
11. Australian police cracked the wallet of an organized crime group and seized cryptocurrencies worth more than $6 million, showing the strengthening of law enforcement efforts.
The Australian Federal Police has seized $6.4 million worth of cryptocurrency following an investigation into the alleged mastermind of the encrypted messaging platform Ghost. The Criminal Asset Forfeiture Taskforce, led by the Australian Federal Police, deciphered the suspect’s seed phrase from a hardware wallet device found at his home.
12. Grayscale transferred 10,714 ETH to Coinbase, and the market remained concerned about its holdings.
Grayscale transferred 10,714 ETH to Coinbase 26 minutes ago.
13. BlackRock and Fidelity's Bitcoin ETFs are among the top 10 ETFs issued in the past decade, demonstrating their market influence.
According to Bloomberg analyst Eric Balchunas, about 2,000 ETFs have been launched in the past decade. In terms of total asset management, BlackRock and Fidelity's Bitcoin ETFs are among the top 10. Compared with other ETFs, IBIT and FBTC were launched in less than a year, making them the youngest top 10 ETFs.
The above is a selection of hot topics in the past 24 hours. For faster news, please download AICoin (aicoin.com)
