The White House: September's Bureau of Labor Statistics data will be released after the government reopens. (Jinshi)

Key PointsSolana dropped from $153 to $145 in 24 hours, breaking below the key $150 support zone.Trading volume surged 13% above weekly averages during the decline.Spot Solana ETFs continued to record positive inflows despite weakness across broader crypto funds.Network activity has fallen sharply, with daily active addresses hitting a 12-month low.Solana slid 5.24% to $145.43 on Wednesday, extending a multi-day decline and decisively breaking below the widely watched $150 support level, according to CoinDesk Research’s technical model. The sell-off erased the prior week’s gains and triggered a wave of stop-loss orders as selling pressure intensified throughout the session.The token fell sharply from $153.03 to $145.31, with each hourly candle closing at new session lows on expanding volume. The final hour saw the heaviest downside movement, with SOL dropping from $148.61 to $145.29, confirming strong intraday bearish momentum.ETF Inflows Continue Despite Technical WeaknessThe market decline came in contrast to ongoing strength in Solana-based ETFs. Spot Solana funds recorded their 11th consecutive day of inflows, led by Bitwise’s BSOL ETF, which now holds $369 million in assets.However, underlying network activity has weakened materially.Daily active addresses fell to 3.3 million, the lowest level in 12 months.Activity is down sharply from the January peak of 9 million.The divergence between ETF inflows and declining on-chain participation created an overhang that ultimately favored the technical breakdown.Technical Overview: $150 Support Break Signals Deeper WeaknessSupport & Resistance Levels$150 support — broken decisively.Next support range: $142–$144.Overhead resistance now sits near $157.25, the prior swing high.Volume AnalysisBreakdown occurred on 2.49M in trading volume, roughly 157% above daily averages — a signature of institutional distribution.Market StructureLower highs from the $157.25 peak confirm a short-term bearish structure.Momentum continues to skew negative as sellers dominate intraday action.Current Technical ContextImmediate focus is on whether Solana can stabilize within the $142–$144 support band.Sustained pressure could expose the $135–$140 region, which served as consolidation earlier this quarter.

Key PointsBitcoin plunged under $100,000 on Thursday during U.S. trading hours, extending a multi-week pattern of intraday weakness.Analysts warn the market may have already seen its 2025 peak as rate-cut expectations fade.A severe liquidity drought triggered by the U.S. government shutdown is hitting risk assets, but strategists expect a reversal soon.Crypto mining and infrastructure stocks suffered double-digit losses.Bitcoin fell sharply below $100,000 on Thursday, extending a pattern of heavy selling during U.S. market hours and dragging the broader crypto sector into deeper losses.After briefly rebounding to $104,000 overnight, Bitcoin reversed in early U.S. trading and slid under the key $100,000 level in the afternoon. The asset is now down 1.7% over the past 24 hours, marking one of the sharpest intraday rejections this month.The downturn came as global risk assets sold off. The Nasdaq dropped 2% and the S&P 500 fell 1.3%, with traders scaling back expectations for a Federal Reserve rate cut in December.Crypto Stocks Hit Hard as Liquidity Dries UpCrypto-linked equities faced another heavy blow, particularly miners tied to AI infrastructure and data centers.Bitdeer (BTDR): –19%Bitfarms (BITF): –13%Cipher Mining (CIFR) & IREN: –10%+Broader crypto equities — including Galaxy, Bullish, Gemini, and Robinhood — fell 7–8%.Analysts say the sector’s weakness is becoming increasingly correlated with macro conditions, especially liquidity trends.“Crypto is more linked to macroeconomics now than at any time in the past,” said Paul Howard, senior director at Wincent.Analyst: Bitcoin’s 2025 High Might Be InMarkets are now pricing in roughly 50/50 odds of a 25 bps cut in December, down significantly from earlier expectations.“With just six weeks left, we’ve likely seen the all-time highs for 2025,” Howard said. “From here, I expect a steady but muted rise through next year.”His view reflects a broader shift among traders: cooling rate-cut hopes are removing a key upward driver for Bitcoin.Government Shutdown Sparks Liquidity SqueezeThe recent U.S. government shutdown has triggered an acute liquidity crunch — the opposite of the usual deficit-fueled liquidity boost that tends to support markets.Market analyst Mel Mattison noted that the federal government posted a $198 billion surplus in September, and October may show an even larger surplus due to the shutdown.“We’ve had one of the driest liquidity periods in months, if not years,” Mattison said.But he expects conditions to flip quickly.“The floodgates are about to open. The administration is going to unleash a tsunami of fiscal largess in coming quarters — mid-terms must be defended.”Mattison said markets may remain choppy for another week or two, but expects risk assets, including Bitcoin, to rebound as liquidity returns.

Uniswap introduces Continuous Clearing Auction for liquidity discovery, leveraging Aztec's ZK technology. source: https://coincu.com/news/uniswap-cca-protocol-launch/

Reports suggested that the feature unlocked by the financial transaction app could roll out in early 2026. source: https://cointelegraph.com/news/cash-app-block-stablecoin-transactions?utm_source=rss_feed&utm_medium=rss%3F_t%3D1763070072876%26_ts%3D1763070072876%26_nocache%3D1763070072876&utm_campaign=rss_partner_inbound

Cash App's new update will also make it possible for users to pay in bitcoin, using the Lightning Network. source: https://www.theblock.co/post/378837/jack-dorseys-cash-app-enables-bitcoin-lightning-and-stablecoin-payments?utm_source=rss&utm_medium=rss

‘Shark Tank’ investor touts vintage gold over digital assets. source: https://www.thestreet.com/crypto/trading/shark-tanks-kevin-oleary-goes-peter-schiff-on-crypto

The dYdX community has voted to allocate 75% of protocol revenue to token repurchases. The proposal will enable the protocol to buy back up to 5% of the total DYDX supply annually. source: https://ambcrypto.com/dydx-community-approves-massive-buyback-increase-to-75-of-protocol-revenue/

Key Takeaways Binance Research says October erased 6. 1% of the crypto market’s value. source: https://coindoo.com/red-october-hits-crypto-but-analysts-expect-november-stabilization/

Canary XRP ETF hits a crucial milestone in just a few minutes of launch, already recording a massive $26 million while restoring momentum for XRP. source: https://u.today/canary-xrp-etf-volume-hits-26-million-in-first-30-minutes

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Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Stablecoins have established themselves as a core component of the new financial internet, continuously connecting institutions, markets, and individuals in ways that traditional systems cannot match.

SEC, US: A landmark reform: Four types of token regulatory standards end a "chaotic decade" Golden Finance: Are crypto assets securities?

Although the stimulus from favorable regulations is gradually diminishing with the industry downturn, more far-reaching rule-making is still underway.

As stablecoins have expanded faster than expected in recent years, their impact on the international monetary system has become increasingly profound.

Singapore will trial tokenized MAS bills in 2026, using a central bank digital currency to speed up and simplify settlements with primary dealers. The pilot is part of MAS’s Project Guardian, aiming to test digital finance, tokenized assets, and stablecoin regulations while improving efficiency and reducing risks.

A construction-site blaze struck Bitdeer’s new Bitcoin mining facility in Massillon, Ohio on Tuesday, adding to a rough week for the publicly traded mining giant following steep quarterly losses.

Chile is one of the countries with the highest economic stability and financial maturity in Latin America, and it also plays an important role in the current crypto market.

After his failed attempt to defeat Sen. Elizabeth Warren for a senate seat last year, XRP lawyer John Deaton is back for another Massachusetts Senate bid—but this time, his biggest challenge may come from inside his own party.