U.S. President Donald Trump's decision to escalate the tariff war with China triggered a crypto flash crash on Oct. 10 and more than $19 billion got wiped out from the digital assets market in a day. Everyone thought the crypto market would soon recover and things will get back to normal. Related: XRP losses hit corporate crypto treasury firm On Oct. 20, Evernorth Holdings, backed by Ripple and other companies, launched as a digital asset treasury (DAT) focused on XRP. DATs are companies that hold cryp ...

消息面上，日本国债期货大幅走弱，市场押注日本央行将在12月会议上加息。日本央行行长植田和男发 表讲话，直言委员会将"讨论加息的利弊"，进一步强化市场的鹰派预期。在植田讲话后，全球加密货币 市场迅速作出反应，比特币盘中一度跌破8.5万美元。市场已将12月19日日本加息的概率从一周前的不 足25%上调至约80%。BTC Markets分析师Rachael Lucas指出："比特币已不再只盯着美联储，如今全球 央行的利率动向都会触发市场波动。" 周一，美股加密货币概念股普跌，Cypherpunk Technologies(CYPH.US)跌近9%，Bitmine Immersion Technologies(BMNR.US)跌逾8%，Strategy(MSTR.US)跌逾6%，Strive(ASST.US)、Bitfarms(BITF.US)跌 逾5%，Coinbase(COIN.US)跌逾3%。 ...

Diane King Hall is joining us. Uh we start with the story about what we've seen in Bitcoin and I was noting the selloff and institutional outflows as folks are nervous about private credit or no rate cut or whatever and u that's taken Coinbase down along with it. It has uh today right now at the moment it's moving in locked up with the uh optimism that we're seeing on Wall Street but it has been under pressure and in fact in the pre-market it was indicating lower but right now we're seeing a little bit of b ...

Just as Bitcoin plummeted 12% over the last week, shares in East Asian companies with ties to crypto are also feeling the heat. Recent months have seen a slew of listed Japanese companies follow Metaplanet’s lead into the Bitcoin treasury business. Now, bearish crypto forces are dragging their share prices down by roughly 10% over the last five days. Japanese treasury firms bruised So far, the carnage has been cast wide and includes Bitcoin Japan, formerly Marusho Hotta. The firm, a 164-year-old kimon ...

（原标题：比特币跌破94000美元，抹去今年以来所有涨幅） 北京时间17日，在拉升至96600美元之后，比特币再度跳水，一度跌至93778.6美元，抹去今年以来所有 涨幅。截至7时左右，比特币跌超1%，跌破95000美元。多只加密货币产品跟跌。 coinglass显示，近24小时内，全球加密货币有超15万人爆仓。 ...

Core Insights - The cryptocurrency market is experiencing significant turmoil due to the de-pegging of stablecoins and a notable decline in Bitcoin prices, marking a continuation of recent volatility [1][2][4]. Stablecoin De-pegging - The synthetic stablecoin USDX, issued by Stable Labs, has severely deviated from its $1 peg, dropping to as low as $0.113, triggering a series of liquidations across lending platforms with borrowing rates soaring to 800% [2][3]. - Stable Labs, which claims compliance with EU MiCA regulations, has not publicly addressed the USDX crisis, increasing market uncertainty [2][3]. - Major DeFi protocols like Lista DAO and PancakeSwap are actively monitoring the situation, with Lista DAO initiating emergency governance votes to authorize asset liquidations [3][5]. Bitcoin Market Dynamics - Bitcoin fell below the $100,000 mark on November 7, following a nearly 5% decline in October, ending a streak of October gains since 2018 [4][5]. - The market has seen significant outflows, with Bitcoin and Ethereum ETFs experiencing a net outflow of $797 million on November 4, contributing to a structural outflow trend since the large-scale liquidation on October 10 [3][5]. - Bitcoin's implied volatility has increased, reaching 47%, while Ethereum's has risen to 70%, indicating heightened market uncertainty [3][5]. Macro Economic Factors - Global capital markets are experiencing a downturn, with rising caution among investors due to signals from the Federal Reserve regarding interest rates and ongoing geopolitical uncertainties [5][6]. - The USDX de-pegging is viewed as a secondary crisis within the broader market volatility, exacerbated by losses in similar yield-bearing stablecoins [5][6]. Future Outlook for Stablecoins - The market is expected to see a clearer differentiation among stablecoins, with traditional fiat-backed stablecoins like USDT and USDC facing relatively lower risks compared to algorithmic and yield-bearing stablecoins [6][7]. - The importance of risk management mechanisms is emphasized, as instability in stablecoins can lead to liquidity crises and broader market volatility [7][8].

Group 1: Crypto Market Overview - The crypto markets are experiencing a rebound after a volatile week, with Bitcoin briefly falling below the $100,000 mark due to macroeconomic uncertainties affecting risk assets [2] - Despite the overall negative sentiment, some investors are taking the opportunity to buy the dip, leading to a rise in corporate treasury stocks [3] - Institutional ETF trading volume remains low, with net inflows into spot Bitcoin funds being negative for the week [2] Group 2: Corporate Involvement and Trends - Companies such as ETHZilla, backed by notable figures like Peter Thiel, and others like Tom Lee's Bit Mine and Immersion, are seeing their Ether proxy trades increase after a down week [3] - Strategy remains the largest corporate holder of Bitcoin, indicating ongoing corporate interest in the cryptocurrency [3] - Kathy Wood from ARK Invest suggests that stablecoins are beginning to encroach on Bitcoin's expected dominance, particularly in emerging markets [4]

Core Viewpoint - The cryptocurrency market is experiencing significant declines, with Bitcoin (BTC) and Ethereum (ETH) both dropping below critical price levels, leading to substantial liquidations across the market [1] Price Movements - Bitcoin (BTC) has fallen below 100,000 USDT, currently priced at 100,768 USDT, reflecting a 24-hour decline of 2.36% [1] - Ethereum (ETH) has dropped below 3,300 USDT, currently at 3,289.87 USDT, with a 24-hour decline of 6.21% [1] Liquidation Data - In the past 24 hours, the total liquidation across the cryptocurrency market reached 1.299 billion US dollars [1] - Long positions accounted for 1.113 billion US dollars of the liquidations, while short positions contributed 186 million US dollars [1]

Market Overview - The U.S. stock market closed mixed on October 14, with the Dow Jones up 0.44% at 46270.46 points, while the S&P 500 fell 0.16% to 6644.31 points, and the Nasdaq dropped 0.76% to 22521.7 points [1][2] - Major tech and chip stocks experienced declines, with Nvidia and Intel both dropping over 4%, resulting in Nvidia's market value decreasing by $201.4 billion (approximately 143.78 billion RMB) [2] Chinese Stocks - The Nasdaq Golden Dragon China Index fell by 1.95%, with notable declines in popular stocks such as NIO, which dropped over 5%, and Baidu, which fell over 4% [3] Federal Reserve Insights - Federal Reserve Chairman Jerome Powell reiterated that the Fed's interest rate policy does not follow a predetermined path, emphasizing the need to balance employment and inflation targets [4][6] - The next Federal Open Market Committee meeting is scheduled for October 28-29, with market expectations leaning towards a 97.3% probability of a 25 basis point rate cut [6] Commodity Market - Gold and silver prices continued to rise, with spot gold increasing by 0.46% to $4160.38 per ounce and COMEX gold futures up 0.25% to $4173.7 per ounce [9] Cryptocurrency Market - The cryptocurrency market saw a collective decline, with Bitcoin dropping to $113,320, down 1.74%, and Ethereum falling by 2.85% to $4,134.19 [10][11] - Over the past 24 hours, more than 200,000 traders were liquidated in the cryptocurrency market, indicating significant volatility [12]

Core Insights - The crypto market experienced a downturn as traders reduced exposure ahead of Federal Reserve Chair Jerome Powell's policy speech, with Bitcoin dropping to approximately $111,856, a 3% decline [1] - The global crypto market cap decreased by 3.2% to $3.8 trillion, indicating a cautious sentiment following a brief rebound [1] - Ethereum and other cryptocurrencies also faced significant declines, with Ethereum losing 4% to $4,012 and other notable drops in various altcoins [2] Federal Reserve Context - Powell's upcoming remarks are highly anticipated as they will provide insights into the Fed's stance on interest rates, especially after the recent rate cut of 0.25% to a range of 4.00%–4.25% [3] - The Fed's decision-making is complicated by the ongoing U.S. government shutdown, which has delayed key economic reports, making Powell's speech crucial for market direction [3] - The market is particularly focused on how Powell will balance the dual mandate of full employment and price stability, with inflation remaining above 2% for nearly five years [4] Market Sentiment and Trading Activity - There is a notable increase in short positions among large traders, indicating a bearish sentiment in the market [5] - On-chain data reveals significant short activity, with one trader holding $98 million in shorts across various cryptocurrencies [5] - Despite the current cautious sentiment, corrections in the market often set the stage for potential breakout phases, with traders looking for resilient assets [6]