BTC breaks through the $85000 mark

**[Tom Lee: Strategy Inc. Stock Becomes the Preferred Tool for Crypto Hedging]** Tom Lee, Chairman of Bitmine Immersion, stated that Strategy Inc. (MSTR) stock has become the go-to tool for cryptocurrency investors to manage risk. Strategy Inc. holds nearly 650,000 Bitcoins, and its stock price is closely correlated with Bitcoin's performance. Due to the lack of liquidity in direct hedging tools within the crypto market, institutional traders are hedging losses in Bitcoin and Ether by shorting Strategy Inc. stock. Tom Lee pointed out that Strategy Inc.'s highly liquid options chain provides a hedging solution for long crypto positions. He believes this reflects structural issues within the crypto market infrastructure.

Grayscale's report comes shortly after it filed to convert its Chainlink Trust into an exchange-traded fund (ETF) that would trade on NYSE Arca.

1. BlackRock: Not holding Bitcoin may pose risks 2. China announces list of blockchain committee, including executives from the central bank, Baidu, and Tencent 3. Tether becomes one of the world's largest gold holders 4. VanEck CEO says Bitcoin logic is broken and will exit investment 5. Satoshi Nakamoto's wallet balance decreases by $47 billion from its peak 6. G20 releases 10 recommendations for global stablecoin regulation 7. 3037.6 BTC transferred from Cobo to Binance, valued at $256 million 8. ETF fund inflow: BTC net inflow of $238 million The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/502179

[Boston Fed President Collins Has Not Yet Decided Whether to Support a December Rate Cut] Boston Federal Reserve President Susan Collins stated that she has not yet decided how she will vote at the Fed's next policy meeting and emphasized that she will not make a decision before formally attending the meeting. Speaking to reporters during a break at the Boston Fed's annual economic conference, Collins noted that more data is yet to be released. As a voting member of the Federal Reserve's interest rate decision-making committee this year, Collins previously expressed hesitation about a December rate cut, citing persistently high inflation and the current policy being only moderately restrictive.

According to AiCoin's real-time on chain monitoring, at 07:24 (UTC+8) today, the "Calm Open King" continuously added SOL short positions, with a total of 4711 SOLs added and a value of $600 million. As of press time, the value of its SOL empty position is as high as $285.4 million, with a floating loss of $200000. Whale Address: 0x9263c1bd29aa87a118242f3fbbba4517037f8cc7a