Global liquidity reaches $147 trillion, but the cryptocurrency market shrank by $1.37 trillion in 79 days, with investors turning to gold and stablecoins. Although regulations may relax bank capital restrictions, the Financial Stress Index indicates that it is still not a good time to enter the market. Patience is needed.

U.S. labor market data shows that initial unemployment claims are at 214,000, below expectations, and the number of continued claims has also decreased, indicating a resilient job market. This reinforces expectations of a soft landing for the economy and will impact the crypto market and Federal Reserve policies.

The "slimming plan" implemented by the U.S. government has cut nearly 9% of federal employees, but expenditures have actually increased by almost 6%. This contradictory phenomenon highlights the gap between policy effects and actual costs, which is worth the attention of investors analyzing macroeconomic trends.

【ChainNews】Polymarket has encountered trouble this time. Recently, user accounts on the decentralized prediction market platform experienced theft incidents, and the official confirmation pointed to a system vulnerability in the third-party authentication service provider Magic Labs.
What’s more upsetting is that some users who registered through Magic Labs, even without clicking any suspicious links and having enabled two-factor authentication protection, still had their funds transferred out. This directly hits the pain point of Web3 users — no matter how cautious you are, you can't prevent issues caused by underlying service providers.
The good news is that the official statement says the vulnerability has been fixed, and there is currently no ongoing risk. Affected users will be notified separately about the handling plan. However, the platform has not disclosed how many people were affected or the scale of the losses, which has also raised some doubts.
This incident also serves as a reminder to all Web3 users that even when operating on well-known platforms, you should stay vigilant — third-party service providers'

The VIP exclusive BGB airdrop plan of a leading exchange's fourth phase has distributed a total of 80,420 BGB. Eligible users received rewards based on their account level and trading volume. Since its launch in September, the plan has continued to attract active traders, and subsequent plans are worth paying attention to.

Investors have observed that the trading strategy of going long on the Nasdaq index while shorting crypto trading platforms is profitable, reflecting the trend of the U.S. stock market migrating towards Blockchain. In this transformation, Financial Institutions are being impacted, while the crypto market is gradually rising, and the market landscape is undergoing a deep adjustment.

[Coin World] In 2025, the interest expenditure on U.S. government bonds is now exceeding 1 trillion dollars annually—this figure has already surpassed defense spending and healthcare spending. Can you imagine what this means? Many industry insiders are sounding the alarm, as this situation can easily fall into a vicious cycle of "the more debt, the higher the interest, the more debt continues to soar."
Interestingly, the Federal Reserve has noticed this issue and has begun to reposition stablecoins - viewing them as a strategic tool. The latest regulations require stablecoin issuers to back their reserves with U.S. Treasury bonds, which essentially creates a new buyer for government debt in a roundabout way. Before long, there could be a large-scale group of government debt buyers composed of stablecoin issuers. This presents both opportunities and challenges for the crypto ecosystem.

[Coin World] Listen to the new trends in the industry - HIVE Digital, a digital mining company, has recently adjusted its approach. Executive Chairman Frank Holmes revealed that the company has learned a lesson during the fluctuation of the Bitcoin cycle, and the focus is no longer on chasing trends, but on building a robust business that can withstand cycles.
What to do? They placed their bets on Paraguay. Why? There is incredibly cheap hydropower there. Everyone understands what low electricity costs mean—Mining profit margins are instantly expanded. Based on this advantage, HIVE plans to achieve stable growth and efficient operations by 2026.
Interestingly, Holmes explicitly emphasized a priority ranking: profit margin > capacity expansion. In other words, it's not about who mines more, but about who earns steadily. This way of thinking is indeed different from the previous "crazy expansion" approach.
In addition, they are also exploring opportunities in AI and high-performance computing. It seems that

The integration of TradFi and Crypto Assets may happen faster than expected. Industry insiders point out that in order to remain competitive in the fierce battle for customers, major banks in the United States are likely to launch a comprehensive Crypto Assets service system covering Bitcoin custody, lending, and securitization within the next two to three years.
One of the specific manifestations of this trend is the emergence of new priority security products. A certain company recently launched this type of new product, with an annualized target return of 10.75%, and includes a tax-deferred dividend mechanism, aiming to attract more institutional and individual investors seeking stable returns.
It is worth noting that the market generally concerns itself with the sustainability of such innovative products. Relevant parties have disclosed that the company currently has a reserve of 1.4 billion dollars, which is sufficient to support approximately 21 months of dividend payment cycles. From this perspective, the risk of a forced liquidation of Bitcoin assets in the short term is relatively low, which also provides investors with

A leading Compliance platform has added the Base network as a SOL deposit and withdrawal channel, allowing users to hold and transfer SOL in ERC20 format on Base, achieving cross-chain Liquidity. However, this feature is still unavailable in locations such as New York, Japan, and Germany, reflecting that the exchange is actively embracing a multi-chain ecosystem.

[Coin World] A significant movement has just been discovered - someone transferred 91,030 Ethereum, equivalent to nearly $267 million. This transfer occurred between two unknown wallets, and with such a large scale, the market is definitely paying attention. Each time there is a large ETH flow, it may indicate that institutions or Large Investors are adjusting their positions. Is it preparing for the subsequent market trend, or is it simply a movement of funds? This question is worth keeping an eye on.

The Gnosis Chain operating community has decided to conduct a Hard Fork to recover the funds lost in the Balancer vulnerability incident. Currently, these funds are no longer in the control of the Hacker. The Gnosis team, in collaboration with ecosystem partners, has successfully frozen the affected liquidity pools and suspended cross-chain operations, emphasizing that Node operators must actively cooperate to avoid penalties.

[Coin World] The preliminary value of the U.S. GDP for the third quarter is about to be released. Analysts generally predict that the annualized growth rate will fall to 3.2%, a decrease from last quarter's 3.8%—the economy is indeed slowing down.
The GDP price index is also worth paying attention to, as it directly affects the Federal Reserve's policy direction. The US dollar index is currently under significant pressure, which is crucial for traders holding stablecoins and shorting the dollar. Fluctuations in macro data often lead to large capital reallocations, and changes in liquidity in the crypto space cannot escape these signals.

[Block Rhythm] The encryption world in 2025 can be described as a mix of joy and sorrow. Since the beginning of the year when Trump took office and implemented pro-encryption policies, to the resignation of SEC Chairman Gary Gensler, the official signing of the GENIUS Act, and the unwavering popularity of Bitcoin ETFs, everything seemed to be developing in the best direction. However, the big dump event on October 11 that created a historical record in encryption directly shattered the market's dreams.
Trump is undoubtedly the most talked-about figure in the cryptocurrency market in 2025. The emergence of TRUMP coin has pushed market FOMO sentiment to its peak; his signed executive order allowing retirement accounts to invest in encryption assets has once again stimulated the upward momentum of Bitcoin, ultimately reaching a historic high. Conversely, a series of policy announcements regarding tariffs had also caused the cryptocurrency market to experience a big dump.
However, from a long-term perspective, the regulatory environment is indeed quietly changing, moving from strict enforcement in the past to the present.

[Coin World] Metaplanet has just made new moves at the special shareholders' meeting. This meeting approved a relatively important proposal regarding the optimization of the company's capital structure—the core goal is straightforward: to increase the flexibility of preferred stock dividends and stock buybacks.
How specifically should the adjustments be made? The total number of authorized Class A and Class B preferred shares has been increased to 555 million shares, which provides the company with greater operational flexibility. More specifically, the dividend mechanism has also changed—Class A preferred shares have switched from a fixed model to a floating rate monthly dividend, while Class B preferred shares have been adjusted to a quarterly dividend structure.
This trap of actions actually reflects the company's new ideas in financing, returning dividends to investors, and optimizing capital structure. Especially in the current market environment, this increase in flexibility may mean that the company has left more room for future business expansion and investor returns. For those concerned about the governance of crypto ecosystem enterprises, such financial resolutions are worth noting.

The Central Bank of Russia has changed its stance, acknowledging the value of the Bitcoin mining industry and believing that it has a positive effect on stabilizing the ruble exchange rate. This change reflects that under the pressure of international sanctions, the foreign exchange inflow generated by mining has become an important means of maintaining economic liquidity.

[Chain News] An interesting on-chain movement: a Whale or institution recently staked over 1.17 million SOL into a staking protocol, equivalent to about 170 million RMB. Such staking actions from Large Investors usually reflect their views on the long-term value of SOL. This scale of staking is also considered a significant signal in the current ecosystem.

[Coin World] THQ has been quite popular these days. A well-known exchange is about to launch the THQ/KRW trading pair, and as soon as the news broke, the market started to move. From the data, THQ surged directly to 0.084 USDT in the short-term, and is now stabilizing around 0.083 USDT, with a rise of 62.77% within 15 minutes. Such market fluctuations before the launch of new coins are quite common, and market sentiment has clearly been ignited. For short-term traders, this kind of speculative opportunity ahead of the launch tends to attract a lot of follow. Of course, high volatility also means that risks coexist, so getting on board requires caution.

Recently, Large Investors' Address has significantly dumped 5230 ETH, selling a total of 25829 ETH, cashing out approximately 7485 million USD and making a profit of about 911 million USD. This move has attracted follow, and the market trend will be influenced by the subsequent actions of Large Investors.