According to Cointelegraph: Bitcoin’s nearly 10% decline last week is being viewed as a “healthy realignment,” reducing the likelihood of sudden downside volatility, according to a report by analysts at Bitfinex. This drop, which brought Bitcoin’s price down to the $60,000 support zone, was seen as a positive adjustment that could stabilize the market, despite the sharp fall from its recent high of $66,600 on Sept. 27.Bitcoin’s higher high is a strong indicator of muted downside volatility. Source: BitfinexBitcoin’s Recent Decline: A Necessary CorrectionBetween Sept. 27 and Oct. 4, Bitcoin experienced a significant 9.94% dip, attributed to several factors, including escalating geopolitical tensions in the Middle East and growing concerns about the United States economy. These developments cooled investor risk appetite, resulting in a correction in Bitcoin’s price and signaling a "cautious sentiment" among spot investors at higher price levels.The Bitfinex report, released on Oct. 6, noted that this dip helped reduce open interest in Bitcoin from $35 billion to a more stabilized $31.8 billion, indicating a healthier market alignment. Additionally, more than $450 million in long positions were liquidated during the downturn, highlighting the market’s long-biased positioning.Lower Volatility Ahead?Bitfinex analysts believe that this correction has lowered the risk of sudden volatility in the coming days and weeks. The dip, which saw the first four consecutive red days for Bitcoin since early August, has encouraged a consolidation of spot buying at lower prices. This suggests that buyers may see the current price levels as an opportunity to accumulate more Bitcoin.The report emphasized that the substantial amount of liquidations relative to the price decline underscores the leveraged positioning in the crypto market, particularly as Bitcoin broke through the psychological $65,000 level. The market bias continues to be toward capturing the upside, as investors expect more favorable conditions ahead.Positive Sentiment for Risk AssetsDespite the recent dip, the report highlighted some optimistic factors that have buoyed the market. Positive U.S. labor data in September and October has supported broader optimism, and with expectations of the Federal Reserve cutting interest rates again in November, the appetite for risk assets like Bitcoin could return.As of now, Bitcoin has rebounded to $62,650, signaling the return of aggressive spot buying. However, Bitfinex analysts cautioned against making definitive conclusions about the short-term direction, noting that the market remains highly reactionary.The report suggests that future clues for Bitcoin’s market direction may emerge from early-week trading sessions in the U.S., as investors remain highly attuned to macroeconomic and geopolitical developments. For now, Bitcoin's recent dip is seen as a healthy correction, reducing downside risk and setting the stage for a potential recovery as broader market conditions stabilize.  

According to the official announcement, the crypto trading platform WEEX will launch the 14th WE-Launch project MILEON Token (MLT) from 17:00 on October 9 to 17:00 on October 14 (UTC+8). Users who invest more than 1,000 WXT can share 25,000,000 MLT according to the effective investment ratio. MILEON Token (MLT) was released on the BNB chain. The project is based on the various narratives of freedom advocated by Argentine President Mile with the power of freedom, claiming to innovate the Meme-Defi field. WEEX will open MLT spot trading at 18:00 on October 14 (UTC+8). In addition, the 13th and 12th WE-Launch activities of WEEX are in progress, which will airdrop 161,000,000 Simon's Cat (CAT) and 5,926 ZetaChain (ZETA) respectively. Users can participate in both to get more rewards.

According to PANews, the Radiant Capital community is currently voting on a proposal to accelerate the unlocking of 200 million RDNT tokens allocated to emission reserves. The proposal aims to shorten the unlocking period from three years to two years. This adjustment is intended to increase token issuance to support higher annualized returns and attract more liquidity to the Radiant Innovation Zone (RIZ) market. By offering more competitive annualized returns, the adjustment seeks to expand liquidity and promote the development of RIZ across multiple blockchain networks. As of now, the proposal has a 91.03% opposition rate, with voting set to conclude on October 15.

According to Odaily, the pre-market trading data from Aevo indicates that the price of Scroll (SCR) is currently at $1.72, reflecting a 24-hour increase of 14.69%.

Korean crypto KOL Definalist said on the X platform that Korean crypto exchanges Upbit and Bithumb have completed the Scroll mainnet test, which means that these two exchanges may launch SCR tokens soon.

The SEC warns of a surge in "romance investment scams," where fraudsters pose as romantic partners. The regulatory agency urges caution, especially during World Investor Week, as the FBI reports $5.6 billion lost to crypto scams in 2023.

QCP Capital's latest analysis points out that China's stock market rebounded weakly after the long holiday, and the government's announcement failed to introduce new economic stimulus measures. The MSCI Asia Pacific stock index recorded its biggest drop in a month. U.S. stocks also fell overnight, mainly affected by large technology stocks and geopolitical tensions, with the VIX index rising to 22 points. The volatility of the cryptocurrency market remains stable, with the recent implied volatility of 43%, 3 percentage points lower than the 7-day historical actual volatility. Earlier, Bloomberg reported that Chinese investors may sell USDT to finance stock purchases since the end of September, while Bitcoin prices remain stable. As the rebound in China's stock market weakens, it is expected that funds may be reallocated to the cryptocurrency market, reflecting the growing maturity of the crypto industry as another risk asset. QCP believes that the stock market may face downside risks in the short term due to the upcoming earnings season and CPI data release, which may challenge its high valuation. Geopolitical tensions have further increased market uncertainty. QCP remains optimistic in the medium term and expects election-related news to continue to drive the cryptocurrency market. For example, Elon Musk’s recent comments to Polymarket, which predicted Trump’s lead over Harris more accurately than traditional polls, coincided with Bitcoin’s rally at the U.S. open.

Aevo's pre-market trading market showed that the price of SCR (Scroll) was temporarily reported at US$1.72, with a 24-hour increase of 14.69%.

Burls Art has created a unique electric guitar that also functions as an aquarium, inspired by AI-generated designs. This innovative project faced engineering challenges, but Burls Art successfully combined art and technology, resulting in a fully playable instrument that also houses aquatic life.

The Delaware judge approves the compensation plan, which provides refunds in fiat currency at 119% of the original value of the deposits. source: https://atlas21.com/ftx-bankruptcy-plan-approved-by-the-court/?utm_source=rss&utm_medium=rss&utm_campaign=ftx-bankruptcy-plan-approved-by-the-court

According to BlockBeats, on October 8, Aevo market data indicated that the SCR token experienced a short-term increase of 25.25% in pre-market trading. The current price of the token stands at $1.642, with a fully diluted valuation (FDV) reaching $1.643 billion.

According to BlockBeats, on October 8, MEET48 officially announced its participation as a DAO member of the 1012 Committee, co-initiating the '1012EXPO' Global Digital Maritime Expo and 2024 Web3 Cruise Carnival. MEET48 COO Kai will deliver a keynote speech at the event. The '1012EXPO' is the world's first large-scale technology expo themed around maritime exploration, using a cruise ship as the venue. It will open on October 12 at the Kai Tak Cruise Terminal in Hong Kong and will feature a five-day, four-night cruise with numerous high-quality conferences and exhibitions, positioning itself as the 'Davos Summit at Sea' for the tech industry. The expo will bring together top publicly listed companies, entrepreneurs, investment institutions, policymakers, and global media from fields such as AI, Web3, and the Metaverse. High-end forums will be held, including the AI and WEB3 Capital Forum, which will unveil the world's first Nasdaq-listed Crypto Index Fund C30 and the first index fund focused on equity in unlisted AI companies, A30. MEET48 COO Kai is scheduled to deliver keynote speeches at the '1012EXPO Main Forum' on October 13 and the 'Metaverse and IP Sub-Forum' on October 15. Additionally, notable speakers such as Peter Major, Executive Chairman of the UN Technology Development Committee; Li Yuhang, Executive Director of the World Digital Academy and Advisor to the UN Technology Committee Chairman; Geoffrey Hinton, Turing Award Winner; and Zhang Xueji, Fellow of the American Institute for Medical and Biological Engineering, will also deliver speeches and presentations.

China's advanced mobile payment technologies drove a significant increase in travel-related consumer activity during the National Day holiday

In a surprising turn of events, U.S.-based exchange-traded funds (ETFs) focused on Chinese markets experienced a massive influx of $5.2 billion in new assets in the past week, despite mainland China's financial markets being closed for a national holiday. The sudden rush of capital came in response to recent stimulus measures from Beijing, sparking optimism among asset managers that investor confidence in Chinese markets could endure.

OpenAI, the San Francisco-based artificial intelligence (AI) leader and maker of ChatGPT, is making its mark on the East Coast with its first New York office, a sign of the technology sector’s growing influence on real estate. The company has signed a lease for 90,000 square feet in Manhattan's historic Puck Building, located in the SoHo neighborhood. This move, made earlier this month, represents OpenAI’s expanding footprint beyond its West Coast roots, further cementing its presence as a dominant force in both the AI and real estate sectors.

Hong Kong’s Securities and Futures Commission (SFC) plans to issue more licenses to crypto exchanges and digital asset firms by year-end. Its 2024-2026 roadmap focuses on strengthening crypto platform regulations, promoting Real World Asset (RWA) tokenisation, and exploring blockchain technologies further.

Crypto scammers are leaving the TON blockchain due to a lack of high-value targets, as fewer wealthy investors remain on the network. With TON's growing popularity and security measures, scammers are shifting their focus to other platforms, like Bitcoin, for better opportunities.

It's quite incredible. This may be the first time that people hope that the National Day will pass quickly. The arrival of the National Day holiday has pressed the "pause button" on the recent rising market, and investors are itching to watch the A-share market close.

The centralized cryptocurrency exchange Bitget platform token BGB crashed without warning on Monday, with the price plummeting by more than 50%. Officials have announced that full compensation will be completed within 72 hours.

Sui was launched by Mysten Labs in May 2023, and one of its standout features is its parallel transaction processing. As of September 2024, Sui has over 18.19 million active accounts and has processed over 4.58 billion transactions.