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11%
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📢October 7 Crypto Morning Brief!
Regulatory positives keep emerging, but the market is plunging
What you think are pullbacks are actually crashes!
💰[Market]
BTC at $85,379(-0.58%), ETH at $2,689(-0.96%). $927 million in liquidations across the entire network over the past 24 hours, with more than 60k people liquidated—both longs and shorts wiped out!💸
📰[Hot Topics]
1️⃣ Regulatory acceleration: The U.S. SEC is introducing a new custody framework, while the CFTC plans new leverage rules; Hong Kong will submit a crypto licensing bill before year-end.🏛️Comment: Global compliance is accelerating, and digital assets are being integrated into traditional finance at an accelerating pace!
2️⃣ Ethereum upgrade: The Glamsterdam testnet has launched, while the mainnet has been postponed to Q4; the Fusaka upgrade introduces PeerDAS, improving scalability eightfold.🚀Comment: Technical iteration is progressing steadily, and future scaling looks promising!