ear

According to CoinDesk, several figures in the U.S. cryptocurrency industry expect that during the last few weeks of the current congressional session (the "lame duck" period from the end of the election until the next Congress begins on January 3), it will be difficult to push forward any substantial progress on cryptocurrency legislation.Cody Carbone, CEO of the Digital Chamber of Commerce, stated that hopes for further progress on the CLARITY Act are low, as lawmakers seem to have gradually shifted their attention to other matters. With the Democrats gaining more control in the new Congress after the midterm elections, the Republicans have limited time left, and the Democrats lack the motivation to make significant compromises at this time.There are still a few issues that may receive attention, including cryptocurrency tax rules, granting the Commodity Futures Trading Commission (CFTC) more regulatory authority over the cryptocurrency spot market, and expediting data center construction permits. Among these, the bipartisan bill related to data center permits has passed preliminary procedures in the Senate, but some Bitcoin mining companies have disagreements regarding potential requirements to bear the costs of grid expansion and higher energy expenses.Kristin Smith, head of the Blockchain Association, stated that with limited time left in this Congress and many items on the agenda, the most important regulatory rules for the U.S. cryptocurrency industry are still being set by the Securities and Exchange Commission (SEC) and the CFTC.

Cryptocurrency trader Ansem posted that he still expects risk assets to face difficulties in the fourth quarter of 2026, believing that the cryptocurrency market has not yet hit bottom. Although U.S. stocks may soon experience a relief rally, he anticipates that most of the cryptocurrencies that have recently led the market will ultimately retest the lows from this summer. He is currently focusing on the price performance at these key levels before deciding whether to turn optimistic.Ansem pointed out that these price levels will serve as important references for judging the next market cycle. If the relevant lows can hold, he believes the bull market may begin to heat up again around the second quarter of 2027; if they break and continue to set new lows, the market recovery time may be further delayed.

According to a report by the Korean News Agency, the Financial Supervisory Service (FSS) of South Korea announced that it will collaborate with the Financial Services Commission and the banking industry to promote several new financial consumer protection regulations. These include completing the establishment of standard business norms by the end of the year and fully restricting microcredit institutions from issuing general credit loans to active-duty military personnel.Data shows that the loan scale for active-duty military personnel from the top 30 credit institutions registered with the Financial Services Commission in South Korea has surged from 350 million Korean won at the end of 2022 to 24.2 billion Korean won (approximately 17 million USD) by the end of 2025. South Korean regulators pointed out that some active-duty military personnel blindly invest borrowed funds into high-risk investments such as virtual assets (cryptocurrencies) and online gambling, which is one of the main reasons for excessive debt.In addition, the Financial Supervisory Service of South Korea will also promote the expansion of flexible banking outlet operations and shorten the notification period for long-unused prepaid electronic payment accounts from 1 year to 3 months.

According to Arkham monitoring, Japan's SBI Holdings controls 90% of the cryptocurrency market maker B2C2 Group, which has been continuously selling LINK in batches over the past month, with the recent pace of selling accelerating. Currently, its addresses are almost cleared out, with only about 1,445 LINK remaining, worth approximately $13,000.In addition, during the market downturn, B2C2 Group transferred various altcoins such as BNB, MORPHO, PEPE, and ONDO to OKX, Binance, and Coinbase, suspected of selling off.

According to the market information platform Liquid247.xyz, the current price of BTC is $64,372. The thickest order book is on Coinbase spot: sell orders amount to $20,159,500, and buy orders amount to $11,872,300, with sell orders exceeding buy orders by $8,827,200.Binance spot, OKX perpetual, and Hyperliquid perpetual sell orders are also thicker than buy orders, but the scale is smaller than that of Coinbase spot. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

According to Gate market data, Bitcoin is currently priced at $64,837.80, with a 24-hour decline of 3.13%; Ethereum is currently priced at $1,806.59, with a 24-hour decline of 4.84%.CoinGlass data shows that the BTC position-weighted funding rate and the transaction volume-weighted funding rate are both at 0.0020%, overall in a bearish range; the ETH position-weighted funding rate has dropped to 0.0001%, and the transaction volume-weighted funding rate is -0.0003%, indicating that bearish sentiment is significantly stronger than BTC.Editor's note: CoinGlass standardizes the funding rates of various platforms to an 8-hour basis. The funding rate is a mechanism for the exchange of long and short funds set to keep perpetual contract prices close to spot prices. A funding rate of 0.01% indicates the benchmark rate; above 0.01% indicates a generally bullish market; below 0.005% indicates a generally bearish market.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 11, down 1 point from yesterday. The average over the past 7 days is 23, and the average over the past 30 days is 41.

According to Gate market data, the cryptocurrency market has experienced a short-term rebound after a sharp decline. Bitcoin is currently priced at $64,820, up 4.54% from the 24-hour low of $62,006; Ethereum has returned to $1,800, priced at $1,814.56, rebounding 6.05% from its low; SOL has risen to $71.15, rebounding 5.55% from its low. HYPE has rebounded nearly 10%, priced at $66.01.Although mainstream coins have generally recovered some of their losses, the 24-hour declines for Bitcoin, Ethereum, and SOL are still 4.25%, 5.15%, and 6.69%, respectively.

According to CoinGlass data, in the past 24 hours, the liquidation amount on Binance contracts was approximately 800 million USD, accounting for 39.3% of the total liquidation amount in the market (2.027 billion USD), ranking first among all trading platforms.The liquidations on Binance were primarily long positions: long position liquidations amounted to approximately 734 million USD, accounting for 92.2% of the total liquidations on the platform; short position liquidations were approximately 62.33 million USD. During the same period, the largest single liquidation in the entire market also occurred on Binance, involving a long position of approximately 16.17 million USD in ETH/USDT.

According to Lookonchain monitoring, Huang Licheng bought Bored Ape 2894 for 125 ETH five years ago and recently sold it for 7.3 ETH, incurring a loss of 117.7 ETH, approximately 204,000 USD.Lookonchain stated that Huang Licheng's move was to raise funds for high-leverage trading.

Strive Chairman and CEO Matt Cole posted on platform X that Bitcoin has fallen 19% in the 50 days leading up to the SpaceX IPO, and Anthropic plans to go public next week, with Bitcoin also down 18%, showing a high similarity in the trends of the two periods.Data shows that after SpaceX went public on June 12, Bitcoin hit its lowest point on the 18th day, with a maximum drop of 25%, and rose 28% compared to the closing price on the IPO day by the 100th day after the listing, rebounding 39% from its lowest point.He stated that if Bitcoin repeats a similar trend this time, most of the current decline may have already been released, and a rapid rebound is expected in the coming months. Currently, Bitcoin is near the 200-week moving average.If we map the market path after the SpaceX IPO to the current price, Bitcoin could reach around $90,000 by late February next year. The market will not completely repeat historical trends, but I remain optimistic about Bitcoin's technical and fundamental outlook for 2027.

According to the market information platform Liquid247.xyz, the current price of ETH is $1,768.57. The thickest order book is on Binance spot: buy orders amount to $8.9308 million, sell orders amount to $6.8475 million, with buy orders exceeding sell orders by $2.0832 million.Coinbase's spot buy orders are also thicker than sell orders, but the scale is smaller than that of Binance spot. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

SpaceX (SPCX.O) 's Starship is re-entering the Earth's atmosphere.

According to Bitcoin News, well-known trader Harley Lewis Foote stated that an attacker gained complete remote access to his computer through a malicious WhatsApp payload, which reportedly downloaded automatically without him clicking anything.The attacker allegedly lurked for five days, monitoring his publicly disclosed short positions, and closed his trades when Bitcoin approached $68,000. Subsequently, the hacker withdrew his funds through Hyperliquid, MetaMask, and Tornado Cash, leaving him with only $800. The attacker is also suspected of hacking his email, passwords, websites, and X account.Foote stated that the hacker even tested a $10 withdrawal in advance to avoid detection. He wrote, "All dollar funds were taken except for the $800." He indicated that this loss represented years of savings and hard work.

Yili Hua stated that originally after escaping at 86,000 dollars, he had been thinking about bottom fishing, and the waiting time was patient enough. However, with the Democratic Party coming to power and the Huang Renxun incident, it completely shattered the short-term ecology of AI. In recent days, we have been repeatedly contemplating one thing: how the next year or even two years will affect the U.S. stock market. This has gone beyond analyzing Bitcoin trading data frameworks.Last night, I discussed for nearly an hour with Sun Yuchen about why he is bearish on the Nasdaq and Bitcoin. Sun Yuchen mentioned that clearing out AI stocks now might just be the future high point. In the past few years, AI companies represented by Nvidia have leveraged and subprime loans due to an unlimited optimism about the AI trend, far exceeding the current growth of AI revenue. If the leading Nvidia or even Musk encounters problems, the entire industry chain will face a round of deleveraging and bubble bursting. The U.S. stock market will continue to undergo significant corrections, and if it gets worse, it could even trigger a financial crisis. Always be prepared for the worst-case scenario.

According to Lookonchain monitoring, multiple wallets associated with early Bitcoin supporter and ShapeShift founder Erik Voorhees have spent approximately 97 million dollars to buy 48,647 ETH over the past 4 days, at an average price of 1994 dollars.These wallets still hold about 78.68 million dollars in stablecoins.

According to Crypto Briefing, Compound managing partner Michael Dempsey stated in an Empire podcast interview on October 13, 2026, that crypto venture capital has been sluggish for nearly two years, approaching a standstill, a stagnation that can be traced back to 2024. He believes that developers who once chased the crypto space have now turned to artificial intelligence, and funding has followed suit into AI.Dempsey compared the current situation to 2021, when tech entrepreneurs flocked to the crypto space. He pointed out that the entire tech industry’s attention is almost entirely focused on AI, leading talent and capital to flow from crypto projects to AI. Additionally, Dempsey mentioned structural issues with token incentives, acknowledging that tokenization has real potential, but achieving long-term alignment of interests with token incentives is challenging.

According to monitoring, a certain address's BTC short position decreased from 1319.77 coins to 1260.38 coins, a net decrease of 59.39 coins, and currently still holds a short position; the reduction or closing of positions is approximately 3.99 million USD. The contract account of a certain address has accumulated earnings of about 300 million USD, with earnings of about 131 million USD in the last 30 days and about 75.58 million USD in the last 7 days.