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According to Jinshi reports, Ukrainian President Zelensky warned that Russia is about to launch a large-scale attack on Ukraine.

According to Bitcoin Magazine, El Salvador is continuously optimizing its immigration system to attract high-net-worth foreign talent and capital (including families). According to Decree No. 531, effective March 31, 2026, the residency requirement for temporary residents has been reduced from a mandatory stay of 9 months per year to a cumulative or continuous stay of only 90 days per year. This adjustment is primarily aimed at entrepreneurs, investors, and remote workers who need to frequently cross borders.El Salvador offers one of the most attractive tax systems in Latin America for individuals with foreign-source income. The country implements a territorial tax system, meaning that only income generated within El Salvador is subject to taxation. A significant income tax reform in 2024 further clarifies that both residents and non-residents can be exempt from income tax on their foreign-source income. This means freelancers, remote workers (such as content creators, developers, and entrepreneurs with foreign income) can enjoy a 0% income tax rate in El Salvador on their overseas income, with no limits on the amount.Additionally, under the country's laws, capital gains related to Bitcoin are not taxed, and the country does not impose wealth tax, inheritance tax, or gift tax. The real focus is whether the individual's country of origin recognizes this arrangement; because most countries typically do not easily relinquish their taxing rights over their tax residents and often conduct strict scrutiny and recovery on tax residency issues.

According to the official announcement, the digital asset trading platform Websea has reached an investment intention with a strategic investor and will officially open withdrawals on May 18 at 16:00 (UTC+8), while also announcing specific withdrawal arrangements.It is reported that this strategic investment comes from a family fund in the Middle East. Both parties have conducted multiple rounds of in-depth communication on core issues such as the platform's asset status, business structure optimization, recovery path design, and long-term development planning, ultimately reaching a consensus for cooperation. Currently, the investor is advancing the capital injection process according to procedures, while simultaneously carrying out final confirmation work such as legal review, agreement signing, and equity arrangements.Websea CMO Herbert R. Sim stated that Websea has gone through an exceptionally difficult time, but in the face of many doubts from the industry, the platform team members have been working silently and have finally welcomed new life. He believes that this test is both a challenge and an opportunity for the platform. He also mentioned that with the entry of the investor, the platform will publish proof of reserves (Proof of Reserves, POR) and conduct regular disclosures to further enhance user asset transparency and market confidence. The platform will also continue to optimize its product structure and ecological mechanisms to promote long-term stable development.

The legislative process for the structure of the U.S. cryptocurrency market is accelerating, with Congress pushing for the earliest possible review stage. However, uncertainties remain regarding ethical issues and the cryptocurrency interests related to Donald Trump, which complicate the path forward.One of the main proponents, Senator Thom Tillis, stated that he has requested Senate Banking Committee Chairman Tim Scott to arrange hearings and advance the amendment and voting process, while also hoping to release a new version of the bill text before the review. However, Tillis emphasized that he would oppose the bill's passage if it does not include clear ethical provisions. With the midterm elections approaching, related ethical issues are expected to become a key focus for the Democratic Party.

Kryptanium Capital co-founder Daniel Yan posted on social media that in April, there was a significant divergence between the VIX and Brent crude oil futures, thanks to the resilience of the S&P 500 index. This is a fat-tail risk, and the volatility shock shook the global macro markets twice at the end of January and the end of February. It would not be surprising to see a third shock soon.

According to Jinshi reports, "Bond King" Gundlach stated that the two-year U.S. Treasury yield suggests that a rate hike by the Federal Reserve is imminent.

According to CoinDesk, Alex Thorn, head of research at Galaxy Digital, stated that the threat of quantum computing to Bitcoin is real, but it does not currently pose an imminent crisis. Investors should not misinterpret this long-term technological challenge as an immediate reason to avoid Bitcoin.Thorn pointed out that the current risk is limited to specific addresses with exposed public keys on-chain, including reused addresses, addresses held by certain custodians, and assets in old address formats. An analysis by security firm Project Eleven shows that approximately 7 million BTC (equivalent to about $47 billion at recent prices) are in this "long-term exposed" state, but they remain secure under current quantum computing capabilities.In terms of countermeasures, developers have advanced several proposals, including the introduction of new address types based on post-quantum cryptography, a "sandglass" mechanism that restricts spending permissions for permanently exposed public key addresses, and a phased upgrade path that fundamentally reduces the broadcasting of public keys in transactions.

The Financial Times stated that Bitcoin may have experienced dozens of significant crashes, hundreds of crypto companies may have gone bankrupt, and countless individuals may have lost their life savings, but every time Bitcoin drops, it always rebounds. Those who are capable can hold on, and the cognitive memories brought by each rebound make people firmly believe that the cryptocurrency they worship will exist forever. Since its inception, Bitcoin has been on a path destined to end in tragedy.This week, Bitcoin experienced its most severe crash since 2022, briefly falling to around $60,000, erasing all gains since Trump’s re-election in 2024, and dropping more than half from its historical high of over $127,000 last October. According to Coinglass data, approximately $1.25 billion in Bitcoin positions were forcibly liquidated within just 24 hours from Thursday to Friday.The U.S. indeed has a leader closest to being a "Bitcoin president," and his family has interests in crypto assets. However, even with the establishment of a "strategic Bitcoin reserve," the pardon of many convicted crypto criminals, the allowance for Americans to include crypto assets in 401(k) retirement accounts, and claims of ending former President Biden's "crypto war" within 200 days of taking office, Trump's presence in the White House still cannot stop the selling pressure.We may not have truly seen the final "death spiral" of Bitcoin yet; I cannot predict when it will come. Judging the end of a speculative frenzy solely based on faith is very difficult, and Bitcoin may still have a few rebounds (as of writing, it has rebounded to around $70,000). But confidence is starting to wane. People are beginning to realize that an asset sustained only by fantasy has no fundamental value. Ask yourself: will this thing still exist in 100 years? Remember, "what matters is not how you fall, but how you land."

According to Jinshi, Federal Reserve Vice Chairman Jefferson stated that the current labor market is weakening due to declining demand and immigration issues.

According to data disclosed by CryptoOnchain, the internal trading volume on Bitcoin trading platforms has fallen to its lowest level, totaling around 14,000 BTC. The continuous decline indicates a significant reduction in internal Bitcoin trading volume on trading platforms, weakening market-making capacity and compressing liquidity.On the Binance platform, traffic hovers around a historical low of approximately 2,700 BTC. The reduction in internal liquidity has led to a higher position ratio, fewer arbitrage opportunities, and a thinner order book, increasing the market's sensitivity to shocks. Historically, once market activity resumes, there tends to be severe directional volatility.

CryptoQuant analyst Axel posted on social media that the current market volatility has dropped to extremely low levels, and this calm state often indicates that prices are about to break out of a narrow trading range.Axel explained that Bitcoin's actual volatility has compressed to 23%, a level that statistically rarely lasts long. Historically, this state of compression usually ends with a sharp expansion in volatility. Extremely low volatility periods reflect a delicate balance between supply and demand, after which the market typically enters an active liquidity redistribution phase, accompanied by a significant expansion of price ranges. However, this indicator does not indicate the direction of the breakout and does not constitute a trading signal.

According to Jinshi reports, Bank of Japan committee member Masayoshi Amamiya stated that we are about to make a decision on interest rate hikes. Although I cannot disclose the specific month, we are close to the timing for a rate increase.

Analyst Murphy posted that the current concentration of chips within a 5% range of the BTC spot price has risen to 17.6%, reaching the highest level in nearly two years. This indicates that the chip structure is tightening rapidly, and after the accumulation of energy, a potential significant volatility is imminent.On September 30, the concentration of chips within a 5% range of the BTC spot price rose to 15%. Shortly after, BTC experienced a strong rebound that broke through its historical high. Looking at the performance of this data over the past two years, there have been 8 instances where the concentration exceeded 13%, and BTC subsequently experienced varying degrees of volatility. However, volatility measures the amplitude of price changes rather than direction; the rise and fall are chaotic and unpredictable. What is more certain is that significant volatility is approaching.

ChainCatcher news, according to the official announcement, the Stellar network has completed the testnet upgrade to Protocol 24, and the mainnet upgrade vote will take place on October 22, 2025, at 17:00 UTC. If the vote passes, the upgrade will take effect immediately.Stellar officials urge all users running Stellar infrastructure (including Stellar Core, Horizon, RPC, or Galexie) to install the new version as soon as possible to ensure system compatibility.

ChainCatcher news, according to Jin Shi reports, Federal Reserve's Musalem stated that the current job market does not face an imminent problem, but risks have increased.

ChainCatcher News, the U.S. Immigration and Customs Enforcement (ICE) conducted a raid on the Lonestar Dream Bitcoin mining site located in Pyote, Texas, on September 29, primarily targeting the ASIC repair center operated by Bitmain's affiliated company ADW Tech within the site.The law enforcement action involved multiple government agencies, including ICE, the Federal Bureau of Investigation (FBI), Homeland Security Investigations (HSI), the Texas Department of Public Safety (DPS), and U.S. Customs and Border Protection (CBP). Eyewitnesses reported that law enforcement personnel used helicopters, snipers, and other equipment, and approximately 12 to 13 individuals were taken away during the raid, most of whom were Chinese citizens with expired visas.