[Analysis Suggests BTC Concentration Reaches Two-Year High, Potentially Triggering Significant Volatility] Analyst Murphy stated that as of November 1, the concentration of BTC holdings within a 5% price range of the spot price has risen to 17.6%, marking the highest level in nearly two years. This indicates a rapid tightening of the holding structure, which could potentially trigger significant volatility. Data shows that after this concentration reached 15% on September 30, BTC experienced a strong rebound, breaking past its previous all-time high. Over the past two years, there have been eight instances where the concentration exceeded 13%, all of which were accompanied by varying degrees of volatility. However, the direction of the volatility was unpredictable, with only the proximity of significant fluctuations being certain. This analysis is for educational and informational purposes only and does not constitute investment advice.
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More >Bank of Malaysia launches three-year asset tokenization roadmap
The Bank of Malaysia has announced the launch of a three-year asset tokenization roadmap aimed at promoting fintech innovation and digital asset development, further enhancing the efficiency of financial services. （Cointelegraph）
贝莱德IBIT持仓量突破80万枚BTC
[BlackRock IBIT Holdings Exceed 800,000 BTC] Official data from BlackRock shows that as of October 30, the IBIT holdings market value is $86.799 billion, with holdings reaching 802,810.65 BTC.
加州监管机构对Coinhub罚款67.5万美元
[California Regulator Fines Coinhub $675,000] The California Department of Financial Protection and Innovation (DFPI) has fined Bitcoin ATM operator Coinhub $675,000 for violating digital asset laws. The fine includes $105,000 in restitution paid to California consumers who were charged fees and transaction costs exceeding the allowable maximum while using cryptocurrency ATMs.
Coinbase: Q3 performance exceeds expectations, market pays attention to cryptocurrency volatility funds
Coinbase's third quarter performance exceeded expectations, demonstrating strong growth momentum. At the same time, the Bitcoin ETF market is facing volatility and investor sentiment is complex. In addition, a new fund has been launched that focuses on generating returns through cryptocurrency stock volatility, attracting market attention. The sustained volatility of the cryptocurrency market may bring more investment opportunities, but it also comes with higher risks. （Decrypt）
DEX Labs CEO：MEV阻碍机构投资者采用DeFi
[DEX Labs CEO: MEV Hinders Institutional Adoption of DeFi] DEX Labs CEO Aditya Palepu stated that Maximum Extractable Value (MEV) makes it difficult for financial institutions to adopt decentralized finance (DeFi). MEV refers to the process by which miners or validators rearrange block transactions to extract profits. Due to insufficient transaction privacy, institutions face risks of market manipulation and front-running. DEX Labs is a major contributor to the decentralized crypto derivatives exchange DerivaDEX. Palepu pointed out that similar issues exist in all electronic trading markets, stemming from information asymmetry in transaction data ordering, which harms the interests of retail users.