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The U.S. federal and state governments are advancing crypto legislation, focusing on stablecoin regulation, the legal status of DAOs, token classification, and blockchain application pilots. Various states are implementing targeted measures to support local crypto innovation. Summary generated by Mars AI. This summary was generated by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
Bitcoin and Ethereum ETFs saw net inflows of $2.7B and $488M this week, signaling strong investor confidence.Bitcoin ETFs Lead the Pack with $2.7 Billion InflowEthereum ETFs Hold Strong with $488 Million
After a $19B liquidation, traders double down with another $19B in new Bitcoin shorts.What This Means for Bitcoin’s PriceWhy Traders Are Still Betting Against BTC
- 22:26Analyst: Yesterday's crypto market crash was due to short-term factors, with long-term fundamentals unaffectedJinse Finance reported that the crypto market experienced a sharp plunge yesterday, triggering forced liquidations of approximately $20 billion, marking a new single-day historical high. Analysts from Kobeissi Letter pointed out that this plunge was a technical correction and does not indicate a deterioration of long-term fundamentals. In the short term, prices may continue to fluctuate, but after leveraged traders are flushed out, the market is expected to accumulate momentum for the next round of gains.
- 21:26Musk: The next "Starship" test flight will launch around 5 p.m. Central Time next Monday.Jinse Finance reported that Musk revealed the next "Starship" test flight is scheduled to launch at around 5 p.m. Central Time next Monday.
- 18:34Ukrainian crypto blogger Kudo found dead in Kyiv, police initially rule as suicideBlockBeats News, October 11, according to RBC-Ukraine, 32-year-old Ukrainian cryptocurrency blogger Konstantin Ganich (online name Kudo) was found dead in Kyiv. Police discovered his body in a car with a gunshot wound to the head, and a weapon registered in his name was found nearby. The preliminary determination is suicide. Kudo was a well-known cryptocurrency blogger and the CEO of Cryptology, engaged in financial and trading consulting and education. In a recent interview, Kudo mentioned that his partner had stolen his funds and disappeared. Kudo had expressed to friends and family that he was feeling depressed due to financial difficulties and had left a suicide note.