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An alleged $44 million hack tied to North Korea’s AppleJeus group has surfaced, linking DWF Labs to one of crypto’s most secretive breaches—raising new alarms about state-backed attacks on the industry.
There are differing interpretations regarding the reasons for this pullback, but it is certain that the market is currently in a crucial waiting period, including the reopening of the U.S. government and a potential policy shift by the Federal Reserve. It is also undeniable that bitcoin’s fundamentals are stronger than ever before.
With structural support weakening, market volatility is expected to increase.
Spot Bitcoin ETFs, which have long been regarded as "automatic absorbers of new supply," are also showing similar signs of weakness.
- 16:16Open-source code development company Commonware completes $25 million financing round, led by TempoForesight News reported that, according to Fortune Magazine, open-source code development company Commonware has completed a $25 million financing round, led by Stripe-backed startup Tempo. As part of the collaboration, Stripe-backed project Tempo will work with Commonware to develop faster blockchain payment processing methods.
- 16:15glassnode: Bitcoin options data shows the market remains in a state of panicForesight News reported that glassnode released data analysis showing that bitcoin options data indicates the market is still in a state of fear and lacks confidence in a bottom rebound. Looking at the premium trend of call options with a $120,000 strike price in the medium to long term, there are still no signs of gradually building long-term positions. On the contrary, traders have taken advantage of brief breathing room to sell call options with a $120,000 strike price, even for options with long-term expirations.
- 16:15Trump Media & Technology Group earned $15.3 million in the third quarter from bitcoin-related option premiumsForesight News reported that Trump Media & Technology Group (a certain exchange) had financial assets of $3.1 billion at the end of the third quarter, and achieved $15.3 million in income from bitcoin-related securities option premiums in the third quarter. The company generated $13.4 million in interest income from other financial investments, with operating cash flow reaching $10.1 million, and a quarterly net loss of $54.8 million.