The Democratic report in the US Senate accuses Tether of involvement in Iranian financial channels and investigates the Trump family's cryptocurrency business

[Benjamin Cowen: Questioning the Bearish Outlook for Bitcoin in Q4] ITC Crypto founder Benjamin Cowen published a post questioning the bearish outlook for Bitcoin in the fourth quarter, stating that the current market trend is favorable for the bulls. The BTC price is less than 1% away from its May high, making it difficult to draw conclusions about the market outlook before entering Q4. Benjamin Cowen pointed out that historically, after BTC breaks above the 50-week moving average, it typically rises 20% to 30% within 1 to 2 weeks. However, this cycle's movement has been more moderate, influenced by seasonal factors and rising U.S. Treasury yields. Bitcoin has consistently demonstrated resilience, necessitating a reassessment of the bearish outlook for Bitcoin in Q4.

Brazil has issued Temporary Measure No. 1394, which immediately prohibits the operation, promotion, and advertising of fixed odds sports betting and online casinos. Overseas platforms serving Brazilian users are also included in the ban. New deposits are immediately prohibited, and users must withdraw their balance before 23:59 on October 5th. The licensed website and application will be closed at midnight on October 6th. Unsettled bets will be invalidated and fully refunded, and the operator must transfer the balance to the user's bank account within two days. The Brazilian government has issued licenses to 85 operators, with a fee of $5.8 million per license, totaling $492 million. The license will expire on October 25th, and the operator has no right to receive refunds or compensation. The supporting bill intends to make it a crime to handle gambling payments through virtual assets. (Source: Bitcoin.com News)

The PAID token of Solana Ecological Project has dropped by over 45% within 24 hours, with a current market value of 13.82 million US dollars.

Giant Whale 0xf562 sold 25001 ZEC tokens worth $37.84 million, which were bought at an average price of $425 two months ago and earned over $27 million.

A certain giant whale sold 25001 ZECs worth $37.84 million. The whale bought these ZECs at an average price of $425 two months ago, earning over $27 million.