The crypto market is experiencing severe volatility, with over 330,000 people liquidated and a liquidation amount reaching $1.279 billion. Federal Reserve officials have been making statements indicating a potential interest rate cut. CME predicts a 67.3% probability of a 25 basis point cut in December.
Today’s Preview 1. The Ripple Swell Conference 2025 will be held in New York from November 4 to 5, 2025, expected to discuss significant advancements in digital payment development and the RLUSD stablecoin. 2. The Hong Kong FinTech Week 2025 will take place at the Hong Kong Convention and Exhibition Centre from November 3 to 7, 2025, where industry leaders and regulators will provide forward-looking interpretations within the next 24 hours. 3. The U.S. Second Circuit Court of Appeals will hear the FTX founder SBF's motion for a retrial on November 4, 2025, becoming a focal point of interest in the crypto industry. Macroeconomic & Hot Topics 1. The crypto market is experiencing severe volatility, with over 330,000 people liquidated and a liquidation amount reaching $1.279 billion. Federal Reserve officials have been making statements indicating a potential interest rate cut. CME predicts a 67.3% probability of a 25 basis point cut in December. 2. The European Union plans to expand ESMA’s regulatory powers to create a “European SEC,” aiming for unified management of stock and crypto trading, with a draft expected to be released in December. 3. Animoca Brands announced plans to achieve a Nasdaq listing through a reverse merger with Currenc Group, with Animoca holding 95% of the new company post-merger, which is expected to be completed by 2026. 4. The decentralized trading protocol Balancer was attacked, suffering losses exceeding $120 million, and is urgently addressing the issue while promising full compensation to users. Market Trends 1. BTC and ETH are experiencing short-term fluctuations and declines, with market sentiment cautious; approximately $30 million was liquidated in the last 4 hours, primarily in long positions. 2. The three major U.S. stock indices closed with mixed results, with the Dow down 0.48%, the Nasdaq up 0.46%, and the S&P 500 up 0.17%, indicating significant market divergence.
The BTC/USDT liquidation map shows a current price of 106808 USDT, with a high concentration of leveraged long liquidations in this range. A breakdown could trigger a chain liquidation, necessitating caution against market volatility.
4. In the past 24 hours, BTC spot inflow was $320 million, outflow was $293 million, resulting in a net outflow of $73 million.
5. In the past 24 hours, net outflows from contracts of cryptocurrencies such as BTC, ETH, USDT, XRP, and BNB led the market, indicating potential trading opportunities.
News Updates: 1. The EU has developed a plan to expand central regulation of stock and crypto asset service providers, promoting regulatory uniformity. 2. The Malaysian Digital Minister stated that they are working with the Securities Commission and the Central Bank to develop a national blockchain and asset tokenization regulatory framework. 3. FTSE Russell has partnered with Chainlink to bring global index data such as the Russell 1000 on-chain. 4. Nate Geraci, president of ETF Store, predicts that a spot XRP ETF is expected to be launched within the next two weeks. Project Progress: 1. Balancer: Suffered a hacker attack, with TVL dropping from $776 million to $406 million in the past 24 hours. 2. Bitget: Will launch Kite (KITE) spot trading in the innovation zone, public chain zone, and AI zone. 3. Bitwise: Solana staking ETF (BSOL) saw a net inflow of $417 million last week. 4. MetaMask: Clarified the rewards points program, with the first season including over $30 million in LINEA token incentives. 5. Donut Labs: Web3+AI browser project completed $15 million in seed round financing. 6. X Layer: Public chain accelerates deployment of the x402 payment ecosystem, with the CodeNut platform being the first to integrate. 7. BNB Chain: Officially released the Fermi hard fork, shortening block intervals to 450 milliseconds. 8. VeilWallet: Launched a genesis airdrop on the BSC chain, where registered users can receive 100 VEIL Tokens. 9. BitMine Immersion Technologies: Increased holdings by 82,353 Ethereum, with a total holding of 3,395,422 ETH. 10. MicroStrategy: Increased holdings by 397 BTC at an average price of $114,771 last week, raising total holdings to 641,205 BTC.$BTC $ETH #美国政府停摆 #巨鲸动向
