Market Overview - The Federal Reserve is expected to lower interest rates by 25 basis points, but the market experienced a sudden drop prior to the announcement [1] - In the last 24 hours, a total of 146,181 people were liquidated, with a total liquidation amount of $551 million, including $394 million in long positions and $158 million in short positions [1] Bitcoin Analysis - Bitcoin's technical structure has weakened, breaking below the Bollinger middle band on the four-hour chart and the critical support level of 112,000 on the daily chart [2] - The price has recently struggled to maintain above the resistance level of 116,300 and has dropped below the key support level of 113,500, indicating a bearish trend [2] - Short-term trading strategy suggests going short at current prices around 112,800 with a stop-loss at 113,500 and targets set at 111,800-111,300 [5] Ethereum Analysis - Ethereum's daily chart shows a weak downward trend since its peak, with significant selling pressure observed at the resistance level of 4,160 [3] - The market is expected to enter a consolidation phase, with caution advised for potential high volatility in the near term [3] Altcoin Market Sentiment - The current market sentiment suggests that the ongoing bull market may have one last wave, but without new narratives or significant movements, the focus will be on liquidating positions [8] - Most retail investors are holding altcoins, with expectations of a rise in November and December, although 90% of projects may not return to previous highs [8] Specific Coin Insights - The $COAI project has seen a significant drop from $30 to $3, but it is considered to have strong fundamentals and potential for recovery [9] - The $VIRTUAL token has improved its trading mechanism, allowing for more flexible buying and selling, which may stabilize its market value [10] - The $PUMP token is anticipated to lead the market in case of a rebound following the Fed's interest rate decisions [10]

（来源：吴说） 吴说获悉，据 Cryptobriefing，Ripple 支持的 XRP 财库公司 Evernorth Holdings 已累计持有约 3.89 亿枚 XRP，按当前价格约合 10 亿美元，成为该代币最大持有者之一。该公司截至 10 月 27 日在 XRP 投入约 9.47 亿美元，账面浮盈超 5,000 万美元。Evernorth 由前 Ripple 高管 Asheesh Birla 担任 CEO，Ripple 首 席执行官 Brad Garlinghouse、法务主管 Stuart Alderoty 及首席技术官 David Schwartz 等人预计将担任顾 问。 来源：市场资讯 ...

Group 1 - Trump plans to nominate a successor for the Federal Reserve Chair by the end of the year, with candidates generally open to cryptocurrencies [1] - Bitwise's spot Solana staking ETF (BSOL) is set to launch, being the first U.S. exchange-traded product to hold and stake 100% of SOL, with an annual yield of approximately 7% [1] - Bitcoin ETFs have seen a net inflow of $26.9 billion this year, primarily driven by BlackRock, which accounted for a net inflow of $28.1 billion [2] Group 2 - The Hong Kong Securities and Futures Commission is initiating a tender for a virtual asset trading monitoring system, expected to be completed by mid-next year [3] - Citigroup is collaborating with Coinbase to explore stablecoin-based cross-border payment solutions, aiming to enhance the efficiency and speed of currency exchanges for corporate clients [3]

Core Insights - Zhao Changpeng, known as CZ, is the founder and former CEO of Binance, who rose to prominence in the cryptocurrency industry, becoming a billionaire in just six months after launching the exchange [1][8] - After facing significant legal challenges, including a record fine of over $4 billion, Zhao was imprisoned for four months but has recently re-emerged in the public eye, coinciding with a shift in the U.S. government's stance on cryptocurrency under President Trump [1][12][16] Background and Early Life - Zhao was born in 1977 in rural Jiangsu, China, and faced financial hardships during his childhood, which instilled a desire for wealth [4] - He moved to Canada in 1989, worked various jobs to support his family, and eventually dropped out of McGill University to pursue a career in finance, leading to his involvement in high-frequency trading [4][5] Binance's Formation and Growth - In 2017, Zhao founded Binance, a centralized cryptocurrency exchange, which quickly gained traction despite regulatory challenges, achieving significant user growth and trading volume within months [7][8] - Binance's rapid success was marked by a user base of 12 million and daily trading volumes exceeding $30 billion within five months of launch [8][12] Regulatory Challenges and Legal Issues - Binance faced scrutiny from regulators due to its operational model and compliance issues, leading to investigations and legal actions from U.S. authorities [11][12] - In 2023, Zhao reached a plea agreement with the U.S. Department of Justice, resulting in a personal fine of $50 million and Binance being fined $4.3 billion, marking a historic penalty in U.S. history [12][16] Recent Developments and Future Outlook - Following his release from prison, Zhao has been active in the cryptocurrency community, participating in events and engaging with influential figures, including members of the Trump family [3][13] - The changing regulatory landscape under the Trump administration may present new opportunities for Binance, as the government aims to reduce restrictions on digital assets [16]

Group 1 - The company, Empire Technology Group (00776.HK), announced the completion of a placement agreement on October 28, 2025, with all conditions met as of October 23, 2025 [1] - A total of 74.65 million shares were placed, representing approximately 20% of the company's issued share capital prior to the placement and about 16.67% of the enlarged issued share capital as of the announcement date [1] - The placement was successfully executed at a price of HKD 0.845 per share, raising a total of approximately HKD 63.08 million, with a net amount of about HKD 62.35 million, equivalent to a net issuance price of approximately HKD 0.835 per share [1] Group 2 - The net proceeds from the placement will be allocated as follows: approximately HKD 30.35 million (48.67% of net proceeds) to support existing business, including investments in AI technology for online gaming and cryptocurrency operations [1] - Approximately HKD 22 million (35.29% of net proceeds) will be used for potential direct or indirect financial investments in identified AI solutions and service providers in the biotechnology and healthcare sectors [1] - About HKD 10 million (16.04% of net proceeds) will be allocated for the company's general working capital [1]

Market Overview - Global risk assets experienced a pause in their upward momentum, with major stock indices in the Asia-Pacific region collectively declining, followed by a lower opening for European indices [1][2][3] - The decline in stock markets is attributed to short-term profit-taking after significant gains that led to historical highs on October 27 [1][3] Precious Metals Market - Gold and silver prices saw a substantial drop, with spot gold falling over 2% and briefly dipping below $3900 per ounce, while silver dropped nearly 2% [1][3] - Analysts from Heraeus indicated that the adjustment in precious metal prices could last for several months, although they expect a potential continuation of the upward trend if investor interest remains strong [4][5] Investment Demand for Gold - Despite recent price declines, global retail demand for gold remains robust, and the growth rate of gold holdings in ETFs has not shown significant decline, indicating sustained investor interest [5][6] - Analysts predict that the average gold price could rise to around $4560 per ounce next year, reflecting a 33% increase from the average price since the beginning of the year [6] Future Price Projections - Metals Focus analysts believe that ongoing economic uncertainty will continue to support gold prices, with trade policy and its global economic impact being key drivers [5][6] - Morgan Stanley's commodity strategy head anticipates that gold prices could exceed $5000 per ounce by the fourth quarter of 2026, driven by sustained demand from investors and central banks [6]

Market Overview - The crypto market consolidated after strong gains, with Bitcoin (BTC) trading at $114,500 and Ether (ETH) at $4,120, as the market anticipates the Federal Reserve's interest-rate decision and a potential U.S.-China trade deal [1] - The altcoin market remains volatile, with several tokens giving back gains, while HBAR and TAO posted double-digit increases [2] Derivatives Positioning - The BTC futures market shows a sustained recovery, with open interest increasing to $27.62 billion, indicating traders are gradually re-engaging [3] - Funding rates have turned predominantly positive, with Binance reporting a high annualized rate of 7.99%, suggesting a bullish bias in the market [3] - The bitcoin options market reflects a bullish outlook, supported by a positive implied volatility term structure and a 25-delta skew of 4%, indicating traders are paying a premium for call options [3] - Liquidations totaled $270 million in 24 hours, with a 71-29 split between longs and shorts, highlighting market volatility [3] Altcoin Performance - HBAR experienced a significant 17% increase after the announcement of its ETF listing on NYSE Arca, with daily trading volume spiking to $871 million, a 344% rise [3] - TRUMP, a memecoin, surged 11% following news of an imminent trade deal with China [3] - The altcoin sector continues to underperform Bitcoin, with CoinMarketCap's "altcoin season" indicator dropping to 28/100 from 78/100 in September [3]

Core Insights - The U.S. government shutdown has led to a historic absence of inflation data for October, disrupting the Labor Department's data collection and potentially causing permanent gaps in key economic indicators [1][3] - The absence of macroeconomic data has resulted in significant market volatility, with the probability of interest rate cuts by the Federal Reserve dropping from 62% to 38% [3] - The decentralized ecosystem, particularly through platforms like XBIT, is providing critical support to investors by offering transparent data and stable systems during this period of uncertainty [1][4] Market Reaction - The Consumer Price Index (CPI) data collection has been halted for the first time since its inception in 1947, leading to a chaotic market environment [3] - Bitcoin's daily volatility surged to 28%, while Ethereum experienced a short-term decline of over 4%, indicating heightened risk aversion among investors [3] - The dollar-pegged stablecoin's long/short ratio saw a dramatic shift from 1.2:1 to 0.8:1 within three hours of the White House's announcement, reflecting a temporary dominance of short positions in the market [3][6] Technological Advantages - XBIT's decentralized exchange has demonstrated resilience during market fluctuations, with no downtime or order matching issues reported during the volatility [4] - The platform employs shard technology to maintain high transaction processing capabilities, achieving stability even during sensitive periods like Federal Reserve meetings [4] - XBIT's smart analytics engine integrates multiple indicators, transforming the dollar-pegged stablecoin's long/short ratio into actionable investment insights, aligning with the trend of decentralized markets relying on transparent data [4][10] Emerging Trends - The crisis surrounding the absence of October's inflation data highlights the traditional financial system's reliance on centralized statistical frameworks, while the crypto market showcases innovative responses [6] - The dollar-pegged stablecoin's long/short ratio is increasingly being used as a substitute for official statistics, with over half of the trades related to inflation-sensitive tokens referencing its fluctuations [7] - The platform's user liquidation rate during this data crisis was only 0.3%, significantly lower than the industry average of 1.8%, demonstrating effective risk management through real-time updates [7] Regulatory Implications - The dollar-pegged stablecoin's long/short ratio has become a crucial tool for regulatory compliance, with XBIT's on-chain data system connecting with various compliance agencies to monitor market risks [8] - This "technology + data" approach to regulation enhances the efficiency of identifying abnormal trading activities, providing a sustainable development pathway for the industry amid government shutdown challenges [8][10]

胡说，➗100 差不多吧😂PANews (@PANewsCN):胡润百富榜：赵长鹏以1900亿元财富排名第13，较去年增长约41%据胡润研究院发布的《2025衡昌烧坊·胡润百富榜》显示，币安创始人赵长鹏 @cz_binance 以1900亿元的财富位居该榜第13位，排名较去年提升3位，财富较去年增长约41%。 https://t.co/2k0ZvTs5t6 ...

Core Insights - Donald Trump pardoned Binance founder Changpeng Zhao (CZ), reigniting discussions on cryptocurrency regulation and Zhao's influence in the crypto world [2][4] - Zhao previously admitted to money laundering charges in the U.S., paid a $50 million fine, and served four months in federal prison, yet retains significant control over Binance with approximately 90% ownership and a personal wealth estimated at over $80 billion [2][4] - Binance has played a crucial role in the global digital asset space since its inception in 2017, boasting over 280 million users and a daily trading volume exceeding $217 billion, capturing about 40% of the centralized cryptocurrency exchange market [2] Market Reaction - Following the pardon announcement, Binance's native token BNB surged by 8%, while Bitcoin and Ethereum rose by over 3%, indicating investor optimism regarding regulatory easing [4] - The overall market capitalization of the cryptocurrency sector experienced a brief decline but quickly rebounded, reflecting heightened expectations for a more favorable regulatory environment [4] Political and Regulatory Implications - Zhao expressed gratitude on social media and pledged to help the U.S. become the "crypto capital," aligning with Trump's vision of establishing the U.S. as a global digital asset hub [4] - The pardon has sparked controversy, with Senator Elizabeth Warren criticizing it as a "corruption example," alleging a quid pro quo involving Zhao's prior guilty plea and subsequent collaboration with Trump's family on a crypto project [4] - Under Biden's administration, regulatory bodies viewed cryptocurrency as a "marginal risk," leading to strict enforcement against non-compliant platforms, while Trump's administration has seen a rollback of lawsuits against companies like Coinbase [4] Future Outlook - With the pardon, Binance may re-enter the U.S. market, potentially challenging the dominance of Coinbase and Kraken, and attracting more institutional investment, which could drive innovation in DeFi and NFTs [4] - Zhao plans to focus on his family investment office, YZiLabs, and serve as an advisor in multiple countries to assist in industry compliance transformation [5]