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1Bitget Daily Digest(October 11)|Trump Announces 100% Tariffs on China, Triggering Market Turmoil; Crypto Industry Liquidations Exceed $19.1 Billion in 24 Hours, Setting New Record.2Bitcoin slump may rebound up to 21% in 7 days if history repeats: Economist3US–China Tariff Fears Hit Bitcoin Treasury Stocks
Flash
- 00:07Korea National Tax Service: If tax debts are not resolved, officials may seize cold wallets during home searchesJinse Finance reported that the Korean National Tax Service has warned cryptocurrency holders: if tax debts are not resolved, officials may confiscate cold wallets during home searches. The NTS stated that it can use blockchain analysis tools to track on-chain activities, and when it suspects that funds are being hidden offline, it will inspect residences and seize hard drives, cold wallets, or personal computers. This move is part of a long-standing crackdown on cryptocurrency tax evasion at local exchanges, and the scope of enforcement is currently expanding to include citizens who owe utility bills and traffic fines.
- 2025/10/11 23:36Two newly created wallets received 40,980 ETH worth $153.75 million from FalconX.According to Jinse Finance, OnchainLens data monitoring shows that two newly created wallets received 40,980 $ETH worth $153.75 millions from #FalconX. In total, five wallets withdrew 119,804 $ETH worth $449.25 millions from an exchange and #FalconX, which may belong to #BitMine.
- 2025/10/11 22:58$750 million liquidated across the entire network in the past 24 hoursAccording to Jinse Finance, data from coinglass shows that in the past 24 hours, the total liquidations across the network reached $753 million, with long positions liquidated for $534 million and short positions for $220 million.