OKX market data shows that BTC rebounded above 121,000 USDT and is now trading at 121,021.1 USDT, narrowing its 24-hour decline to 1.82%. (This newsletter was generated with AI assistance)

OKX market data shows that BTC has fallen below 120,000 USDT, currently trading at 119,959 USDT, a 24-hour drop of 2.53%. (This newsletter was generated with AI assistance.)

According to MLM monitoring, a Bitcoin whale just deposited 80 million USDC into Hyperliquid and shorted 3,500 Bitcoin (approximately $420 million) within two minutes. The whale reportedly deposited 3,000 BTC (approximately $365 million) into Hyperliquid on October 8th, while still holding 29,300 BTC (approximately $3.57 billion) in its wallet address at the time.

The bill proposed by the US Democratic Party to end the US government shutdown failed to obtain enough votes to pass in the Senate, and the vote is still ongoing. (Jin Shi)

Binance Wallet stated in a post on the X platform: "Following community reports, a token (CA: 0x444******************ffdfe) has been maliciously manipulated to increase points. Trading volume points for this token will not be counted towards Alpha Points. We will continue to monitor and ensure fairness in the points system, and we reserve the right to take further action."

Stablecoin payment infrastructure Rhuna announced the completion of a $2 million seed round of funding, led by Aptos Labs, with participation from Acc Ventures, X Ventures, NewTribe Capital, Keyrock, CoinMarketCap Labs, FunFair, and Lémanique. Rhuna provides a single programmable layer that supports real-time stablecoin settlement in scenarios such as wallet-native checkout and point-of-sale systems. (Chainwire)

According to MLM monitoring, after making a $44 million profit on September 19th, "Big Brother Maji" Huang Licheng has now lost nearly all of his account gains, leaving him with a current profit of just $1 million. He suffered a $42 million loss in 20 days, but still holds nearly $150 million in long positions, with an overall leverage of 14.7x.

The so-called Bitcoin Jesus was charged with tax evasion in April 2024, years after he renounced his US citizenship. source: https://cointelegraph.com/news/roger-ver-tentative-agreement-us-doj-tax-charges-report?utm_source=rss_feed&utm_medium=rss%3F_rnd%3Dyg35pr%26_nocache%3D1760044249446%26_%3D1760044249446%26nc%3D1760044249446&utm_campaign=rss_partner_inbound

Myriad prediction market users are bullish on Bitcoin and XRP, but the charts suggest traders might want to temper their enthusiasm. source: https://decrypt.co/343704/moon-doom-bitcoin-xrp-price-targets-myriad

According to Cointelegraph, the European Union is being encouraged to advance the development of euro-denominated stablecoins to counter the dominance of US dollar-denominated tokens. Pierre Gramegna, managing director of the European Stability Mechanism, emphasized the importance of this initiative during a recent hearing on the eurozone's economic health, which also addressed digital assets. Gramegna highlighted the need for Europe to reduce its reliance on US dollar-denominated stablecoins, which currently lead the market. He advocated for embracing financial innovation through stablecoins and tokenized assets, urging Europe to facilitate the creation of euro-denominated stablecoins by domestic issuers. Paschal Donohoe, president of the Eurogroup, echoed the call for financial innovation, noting that a digital euro, as a central bank digital currency (CBDC), could positively impact commerce in the region. EU officials acknowledged the necessity of euro stablecoins, especially following the success of dollar-denominated tokens after the implementation of the GENIUS regulatory framework in the United States. This marks a significant shift from previous concerns about the systemic risks associated with stablecoins. The launch of a digital euro CBDC is not expected before 2029, as stated by European Central Bank board member Piero Cipollone. He attributed the delay to EU lawmakers. Cipollone is a strong advocate for the digital euro and opposes privately-issued digital currencies. In September, ECB President Christine Lagarde warned of the risks posed by foreign stablecoins and stressed the need for regulatory measures to prevent these issuers from draining liquidity from the euro and the EU. Stablecoins have gained geostrategic importance as governments aim to digitize their fiat currencies to boost demand. Christopher Waller, a US Federal Reserve governor, has consistently promoted dollar-denominated stablecoins as a means to maintain the dollar's status as a reserve currency. In a 2024 speech, Waller noted that crypto-assets are predominantly traded in US dollars, suggesting that any expansion in decentralized finance (DeFi) trading would likely reinforce the dollar's dominant role.

The relationship between stablecoin issuers and public chains is increasingly evolving into an economic tug-of-war over who captures the reserve returns.

Without a central intermediary, AI agents can discover and build trust with each other. This breakthrough lays the core foundation for the open agent economy.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

The real-world adoption of USD stablecoins is undergoing a significant paradigm shift.

RWAs, the frenzy of RWAs heading to Hong Kong: Financing or "building momentum"? Golden Finance: The development of RWAs often conforms to real economic trends.

Although the crypto market has new technologies and a decentralized narrative, as long as there are controls and risks, it must be subject to rules and constraints similar to those of traditional markets.

Recommended reading for tonight: 1. From "Binance Life" to Meme Rush: Binance Meme Season is here! 2. Arthur Hayes: The King is Here: Has BTC's Four-Year Cycle Expired? 3. What's the Potential Highest ETH Price in Q4?

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) sat down at the same table for the first time in fourteen years and held a joint roundtable meeting on the future market landscape.

Whether it is the new framework or the old framework, the Fed's policy framework demonstrates the comprehensive application of New Keynesian macroeconomics in monetary policy. The Fed has undergone significant changes since Greenspan.

A U.S. diplomat has been dismissed after allegedly concealing a romantic relationship with a Chinese national who reportedly had close ties to the Chinese Communist Party (CCP) — a revelation that has set off alarm bells over national security and foreign influence within American diplomatic ranks.