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Foresight News: According to Reuters, Marco Elio Rottigni, General Manager of the Italian Banking Association (ABI), stated at a press conference held in Florence that Italian banks support the European Central Bank's digital euro project because it embodies the concept of "digital sovereignty." However, they hope that the investments required for the implementation of this project can be carried out in phases, as the costs are very high. At the end of last month, the ECB's Governing Council decided to advance to the next phase of the digital euro project, stating that if timely approval is obtained from legislators, a pilot project for its digital currency could be launched in 2027, with an official rollout in 2029. However, according to the Financial Times, the plan has faced opposition from the German Banking Industry Committee (the largest banking lobby group in Germany) and conservative European Parliament member Fernando Navarrete. In a report released last week, Fernando Navarrete stated that the digital euro should not be used for payments between financial intermediaries, payment service providers, and other market participants (i.e., wholesale payments), as central bank money settlement systems already exist and the euro system is further exploring the use of different technologies to handle these payments.

ChainCatcher News, the address holding 40,000 ETH (approximately $135 million) has an unrealized loss of $2.05 million, with an entry price of $3,445.58 and a liquidation price of $2,533.69. Address: 0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae. Previously, a high-profile BTC OG whale who switched to ETH transferred a large amount of funds from address (0x2eA) to an intermediary address (0x4f9) on October 10, and the latter injected funds multiple times into the trading address (0xb31). Shortly before the black swan event, the two related addresses (0x2eA) precisely opened a short position on ETH, and (0xb31) opened a short position on BTC, both subsequently making profits.