1. 10x Research: This decline is a typical correction after an overbought bull market, and we are still optimistic about the market performance in Q4.

2. CoinDesk: Bitcoin is expected to hit $70,000 in October.

3. The Ethereum Foundation has sold more than $10 million worth of ETH this year.

4. TD Cowen: It is unlikely that US cryptocurrency legislation will be passed before the end of the year.

5. CryptoQuant: The decline in Bitcoin prices stems from a long squeeze in the futures market.

6. Traders cut their bets on the overall extent of the Fed's rate cuts.

7. Short-term interest rate futures traders believe that the Federal Reserve is more likely to cut interest rates by 25 basis points in November.

8. Federal Reserve Chairman Powell: If the economy develops as expected, there will be two more interest rate cuts this year with a total of 50 basis points.

9. The transaction volume of Polymarket's prediction market on the theme of "U.S. presidential election" exceeded US$1 billion.

10. Japan will begin a review of cryptocurrency rules that could reduce taxes on digital assets.

11. Over the past 24 hours, the liquidation amount exceeded 231 million US dollars, mainly in long orders.

12. FTX released an update on the proposed settlement plan for preferred shareholders, and will strive for a distribution plan that gives preferred shareholders equal status with creditors.