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Ethereum’s price is fluctuating around $3,700, influenced by US credit and labor data, with traders cautiously avoiding high leverage. Whale activity indicates limited bearish sentiment, but there is insufficient confidence in a rapid rebound. No warning signals have been observed in the derivatives market, and a recovery will require clearer macroeconomic signals. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
In Brief BNY Mellon enhances its crypto ecosystem role through infrastructure services, not its own coin. The bank supports stablecoin projects instead of launching an altcoin amid positive market conditions. BNY Mellon prioritizes infrastructure over token issuance, promoting collaboration and ecosystem strength.
In Brief The crypto market exhibits signs of recovery post-major liquidations. Ethereum, Dogecoin, Cardano, and XRP have shown significant gains. Technological innovations and ETF expectations contribute to market optimism.
Bitcoin has closed above the $100K mark for 163 days in a row, showing strong market confidence and price resilience.Bitcoin Holds Strong Above $100KWhat Sustains This Momentum?What Comes Next for Bitcoin?
- 03:38Sources: Ant Group and JD.com have suspended plans to issue stablecoins in Hong Kong, according to insidersChainCatcher news, according to Lianhe Zaobao, foreign media revealed that sources familiar with the matter said that Ant Group, a subsidiary of Alibaba, and e-commerce giant JD.com, among other technology companies, have suspended their plans to issue stablecoins in Hong Kong. It is reported that Ant Group stated in June this year that it would participate in Hong Kong's stablecoin pilot project, and JD.com also said it would join the pilot program. In May this year, Hong Kong reviewed and passed the "Hong Kong Stablecoin Bill". This regulation officially came into effect on August 1. As of the end of September, a total of 36 institutions had submitted applications for stablecoin licenses.
- 03:38Analyst Yu Jin: Suspects Astra Nova theft, as fund flows do not match typical hacker behaviorChainCatcher reported that individuals have expressed doubts about the claim that "Astra Nova (RVV) had its third-party managed account stolen." The hacker converted the stolen assets into USDT and transferred them directly to a CEX, which is unusual. USDT can be frozen, and transferring directly to a CEX may trigger risk controls; hackers generally do not operate this way. Currently, a total of 860 million RVV (8.6% of the total supply) was transferred from the project's minting contract and sold on-chain, causing a sharp drop in RVV. The sale of 860 million RVV yielded 10.288 million USDT, of which 8.226 million USDT was transferred into CEXs, while another 2.041 million USDT remains in the on-chain wallet 0x643. Previously, Astra Nova stated that a third-party market-making account was compromised, allowing the attacker to control the assets and begin liquidation. .
- 03:22Data: Bitcoin futures open interest drops significantlyAccording to ChainCatcher, the total open interest of Bitcoin futures contracts across the network is 640,840 BTC (approximately $68.47 billions), which is about 27.2% lower than the historical high of $94.12 billions. In addition, the total open interest of Ethereum futures contracts across the network is currently reported at $42.25 billions, nearly 40% lower than the historical high of $70.13 billions on August 23. The simultaneous decline in market prices and open interest typically indicates that traders lack confidence in the current market direction, opting to stay on the sidelines or reduce leveraged positions. Once futures open interest rises, it usually brings significant market volatility.