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The Federal Reserve's Beige Book shows little change in U.S. economic activity, with increasing divergence in the consumer market. JPMorgan predicts a Fed rate cut in December. Nasdaq has applied to increase the position limit for BlackRock's Bitcoin ETF options. ETH has returned to $3,000, signaling a recovery in market sentiment. Hyperliquid has sparked controversy due to a token symbol change. Binance faces a $1 billion terrorism-related lawsuit. Securitize has received EU approval to operate a tokenization trading system. The Tether CEO responded to S&P's credit rating downgrade. Large Bitcoin holders are increasing deposits to exchanges. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
The People's Bank of China held a meeting to crack down on virtual currency trading and speculation, clearly defining stablecoins as a form of virtual currency with risks of illegal financial activities, and emphasized the continued prohibition of all virtual currency-related businesses.
In Brief Vitalik Buterin warns Zcash against token-based governance. Zcash community is divided over future governance approach. ZEC Coin struggles with market negativity and volatile price movements.
- 00:53Data: Bitcoin faces resistance and pulls back at 92,000 USDT, with market trading volume at its lowest since July.According to ChainCatcher, as reported by 10x Research, the crypto market recorded its lowest trading volume range since July last week. Bitcoin encountered resistance again near 92,000 USDT. Despite a high probability of interest rate cuts, the price failed to break through this key resistance level. The report shows that the total crypto market capitalization is about 3.1 trillion USD, up 4% from the previous week. The average weekly trading volume was 127 billion USD, 32% below the average. Among them, Bitcoin's weekly trading volume was 59.9 billion USD, 31% below the average; Ethereum's weekly trading volume was 21.1 billion USD, 43% below the average. Its network fees (0.05 Gwei) were at the 5th percentile, reflecting low on-chain activity. In terms of derivatives, Bitcoin futures funding rates rose to 4.3%, at the 20th percentile over the past 12 months. Futures open interest decreased by 1.1 billion USD to 29.7 billion USD. Ethereum funding rates rose to 20.4%, at the 83rd percentile, with open interest increasing by 900 million USD to 16.2 billion USD. Currently, Bitcoin and Ethereum futures open interest account for 56% and 72% of their respective market capitalizations.
- 00:53Data: "Maji" Ethereum long positions were partially liquidated again, with the account balance falling below $270,000.ChainCatcher News, according to monitoring by @EmberCN, during the recent market downturn, the Ethereum long positions in “Machi” Huang Licheng’s address were partially liquidated again. “The $1 million he deposited a few days ago had grown to $2.08 million by going long.” Currently, the latest balance in his address is less than $270,000, and the remaining long position’s liquidation price is $2,842.59.
- 00:43Data: A certain whale is 10x long on HYPE, with a position value exceeding $19 million and a liquidation price of $25.724.According to ChainCatcher, OnchainLens monitoring shows that a whale address deposited 3 million USDC into HyperLiquid and opened a 10x leveraged long position on HYPE. The current value of this position is 19 million USD and continues to grow, with the current liquidation price at 25.724 USD.