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[U.S. Crypto Industry Alliance Sends Letter to CFPB Opposing Bank Data Access Fees] On October 21, multiple U.S. crypto institutions, fintech companies, and retail organizations jointly sent a letter to the Consumer Financial Protection Bureau (CFPB), opposing the proposal by major banks to charge fees for data access. The alliance urged the preservation of consumers' rights to freely share financial data under Rule 1033, ensuring the connection between bank accounts and platforms such as crypto exchanges and stablecoin wallets. The alliance warned that banks' attempts to limit the scope of consumer representation and impose additional fees would weaken market competition, hinder financial innovation, and potentially cause the U.S. to fall behind other countries in the field of open banking. The letter emphasized that open banking rules are critical to the financial ecosystem and called on the CFPB to resist banks' attempts to charge fees for financial data access.
Click on the link to join the meeting directly: https://meeting.tencent.com/p/7890471408 Bitcoin (BTC) Analysis 1. Price performance and technical aspects Current price: The current price of Bitcoin is about $111200, with a significant 24-hour increase, reaching a high of $111065.7. Key resistance and support: Resistance level: $109300-109800 (previous high and upper Bollinger Bands pressure). Support level: 106000-106500 US dollars (strong support range, if it falls below, it may explore 104500 US dollars). Technical Signal The 1-hour chart shows that Bitcoin rebounded around $106000 and broke through the downtrend line. If it stabilizes at $107150, it may continue to rise to $109300 or even $110300. In the 4-hour chart, the price has fallen back to the middle of the Bollinger Bands (around $107200), indicating a decrease in MACD momentum and a short-term or volatile pullback. 2. Market sentiment and driving factors Expectation of Fed interest rate cut: The probability of the Fed cutting interest rates by 25 basis points on October 30th is as high as 99%, and the market's expectation of loose liquidity supports the rebound of risk assets. Capital flow: In the past 24 hours, over 100000 people worldwide have liquidated their positions, with a total amount of 268 million US dollars, and the long short game is fierce. End of month volatility risk: The Mentougou debt repayment event on October 31st and the end of month fund settlement may cause severe fluctuations. ____________________________________ Ethereum (ETH) Analysis 1. Price performance and technical aspects Current price: Ethereum's current price is around $3884.53, dropping to a low of $3871.47 in 24 hours. Key resistance and support: Resistance level: $3920 (previous support turned to resistance level). Support level: 3850-3830 US dollars (short-term key support, if it falls below, it may drop to 3750 US dollars). Technical signal: The 15 minute chart shows that the price has fallen below the 20 cycle moving average, and RSI has entered the oversold zone (below 30), but MACD still shows a bearish divergence, and short-term rebound may be limited. The expansion of the Bollinger Bands reflects increased volatility, and the Fibonacci retracement level indicates a current level of 76.4%, which may temporarily halt the decline. 2. Market sentiment and driving factors Impact of institutional holdings: Bitmine and other institutions have continued to increase their holdings of Ethereum (holding over 1.87 million units with a market value of approximately $8 billion), but the withdrawal volume from the exchange has increased, indicating that some funds have left. Technology upgrade expectation: Ethereum's "Surge" upgrade in 2025 may improve network efficiency and boost prices in the long run, but it has not significantly boosted the market in the short term. ____________________________________ Operational Recommendations Bitcoin: Long strategy: If the price retraces to the support level of $107150-106800, you can take a light long position with a target of $108900-109300 and a stop loss of $106150. Short strategy: If you rebound to the resistance zone of $109300-109800, you can try shorting with a target of $107500 and a stop loss of $110000. Ethereum: Watch and see: Currently, the technical outlook is weak. It is recommended to wait for the confirmation of support at $3850 before considering short-term rebound opportunities, with a target of $3950-4000. Risk control: If it falls below $3830, be alert to accelerating the decline to $3750. ____________________________________ summary Bitcoin is showing a volatile rebound trend in the short term, and attention should be paid to the resistance level of $109300 and the risk of end of month events; Ethereum technology is under pressure, with institutional holdings increasing and market selling pressure forming a game, and short-term weak fluctuations may continue. Investors need to closely track the Federal Reserve's policy trends and on chain fund flows, and control their positions reasonably. Join the Three Kingdoms College Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Official QQ group: 579358784 Tencent Meeting ID: 789-047-1408 The live broadcast room will be broken down in detail. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
[Ocean Protocol Allegedly Sells Over $100 Million in Community Tokens, On-Chain Activity Sparks Controversy] Blockchain analytics platform Bubblemaps revealed that the Ocean Protocol team wallet allegedly sold over $100 million worth of community tokens. In March 2024, Ocean Protocol collaborated with Fetch AI and SingularityNET under the ASI Alliance framework, merging into a single token, FET. OCEAN tokens could be exchanged for FET at a fixed rate. However, after the merger, the Ocean Protocol team wallet retained a large amount of OCEAN tokens, claiming they were for 'community incentives' and 'data mining.' On July 1, the wallet exchanged 661 million OCEAN tokens for 286 million FET tokens (approximately $191 million) and subsequently transferred 90 million FET tokens to OTC provider GSR Markets. On August 31, the wallet further dispersed the remaining 196 million FET tokens across 30 new addresses. As of October 14, nearly all funds had been transferred to Binance or an OTC provider, totaling approximately 270 million FET tokens. On October 9, Ocean Protocol announced its withdrawal from the ASI Alliance but did not provide reasons or address the transferred tokens. The Fetch AI team accused Ocean Protocol of selling community tokens, while Ocean Protocol's CEO denied the allegations, calling them 'baseless rumors.' Bubblemaps stated it could not confirm whether the tokens were sold but noted that on-chain activity from the related wallet typically aligns with liquidation behavior. The incident has been made public for community investigation, and Ocean Protocol has yet to issue an official response.
[Trump Says Allies Are Willing to Send Heavy Troops to Gaza] On October 21, U.S. President Trump stated that allies have expressed their willingness to send heavy troops to the Gaza region if needed.
[Ethereum Fusaka Hard Fork to Implement Transaction Gas Limit] The Ethereum Foundation announced that the Fusaka hard fork will introduce a per-transaction gas fee limit through EIP-7825, specifically capped at 2 to the power of 24 (approximately 16.78 million gas). This change has been successfully deployed on the Holesky and Sepolia testnets and is scheduled to be officially activated on the mainnet during the Fusaka hard fork. The foundation reminds developers and users relying on large-scale transactions to check whether their contracts and transaction construction tools comply with the new gas limit requirements to ensure compatibility and smooth transactions.
[South Korea Freezes Over 91 Billion KRW in 'Prince Group' Assets] Five South Korean banks have frozen over 91 billion KRW in assets belonging to Cambodia's 'Prince Group,' involving 52 transactions with a total amount exceeding 197 billion KRW. This move is related to joint sanctions by the UK and the US against the group and its founder Chen Zhi. The South Korean government is planning to implement further financial sanctions, expected to be completed within this month.