The ongoing U.S. government shutdown since October 1, 2025, has intensified concerns about the economy, with over 1.4 million federal employees not receiving their paychecks and economic shrinkage occurring in 22 states. The Congressional Budget Office estimates that the losses from this shutdown will reach $7 billion to $14 billion. Meanwhile, Moody's Analytics points out that the auto loan default rate is rising, with 6.5% of subprime borrowers being over 60 days late, and methods such as pawn shop loans and Crowdfunding are also increasing. Fed Chairman Jerome Powell's hawkish stanc

On October 30, well-known crypto analyst @IamCryptoWolf posted on the X platform that ETH is undergoing an expanding wedge retracement, with the previous resistance level now acting as a solid support level. November looks to present steady consolidation, with a potential breakout by the end of the month, and December will see an accelerated pump. @IamCryptoWolf published his analysis on Tradingview platform in 2014 and has 113,000 followers on the X platform.

Xinhua News Agency, Washington, October 29 - The Federal Reserve concluded a two-day monetary policy meeting on the 29th, announcing a reduction of the federal funds rate target range by 25 basis points to between 3.75% and 4.00%. This marks the Fed's second rate cut after lowering rates by 25 basis points on September 17, and it is the fifth rate cut since September 2024.
The Federal Open Market Committee of the Fed stated in a post-meeting announcement that current indicators show that economic activity has been expanding at a moderate pace, with employment growth slowing this year, a sl

Golden Finance reports that the next Ethereum hard fork, Fusaka, was successfully activated on the Hoodi testnet on Tuesday. This is the final step following the Holesky and Sepolia testnets earlier this month. Fusaka is planned to undergo at least 30 days of testing before its mainnet launch, with core developers tentatively scheduling the launch for December 3. This upgrade will enhance Ethereum's scalability, efficiency, and security, including increasing block gas limits, expanding "Blob" capacity, and introducing new node security features. The upgrade includes several Ethereum Improv

ChainCatcher news, the first ETFs tracking the Spot prices of Litecoin and Hedera—Canary Litecoin (LTCC) and Canary HBAR (HBR), as well as the first Solana stake ETF—Bitwise Solana Staking (BSOL) are now listed. The three ETFs had a total trading volume of 65 million USD on their first day, with BSOL accounting for the majority, reaching 56 million USD, and the trading volume in the first hour alone hitting 10 million USD. BSOL set a record for the highest trading volume on the first day of an ETF this year. As of October 20, there are 155 cryptocurrency ETF/ETP applications in the United Stat

Jin10 Data, October 29 - The U.S. federal government has been in a "shutdown" for exactly four weeks as of the 28th, and a federal food assistance program relied on by tens of millions is about to run out of funds. On that day, 25 states governed by the Democratic Party and the capital Washington filed a lawsuit against the federal government, demanding the use of federal emergency funds to sustain this program.

In the crypto world, new technological upgrades and developments always attract widespread attention. Recently, DOGE (Dogecoin) underwent a significant technical upgrade that is compatible with Ethereum smart contracts, and this news has instantly created a sensation in the crypto world. The developers have even boldly stated that their target is set at 5 dollars. This event has not only excited DOGE holders but also attracted the attention of numerous investors and industry experts. Next, we will delve into all aspects of this DOGE technical upgrade.

Bitcoin analysts are debating whether the bull run is about to end or if a new rebound is on the way. Stockmoney Lizards points out that this cycle is different from previous ones, as Bitcoin's price has been steadily rising and institutional ETF inflows total around $150 billion, reducing the risk of a crash. Castrades notes that the key resistance level is between $117,000 and $119,500; breaking through $123,500 could trigger a bull run, while dropping below it could lead to a price fall towards $94,000 to $97,000.

Due to the government shutdown, the SEC temporarily delayed the approval of the XRP ETF, which affects the applications of Grayscale, Bitwise, and other companies, but this does not mean a rejection. Institutional investors hold XRP through futures and structured products, and analysts expect the fund to be approved in December. Ripple's RLUSD stablecoin is supported by BNY Mellon and collaborates with banks such as State Street to enhance the application of XRP in the payment and settlement fields. Despite the delay, institutional demand remains strong, with high open interest in CME futu

Coinbase CEO Brian Armstrong is confident about the progress of U.S. cryptocurrency legislation, stating that there is bipartisan support and that 90% of the work is completed. Ark Invest's Cathie Wood supports Japan's first institutional-level ETH fund management company, Quantum Solutions, but did not disclose investment details. Melania Trump and Argentine President Javier Milei were found not guilty in a fraud lawsuit regarding the Meteora meme coin. Anonymous trader Unipcs continues to accumulate Bitcoin despite losses, noting that a 25%-30% pullback in a bull run is normal. Bitco

According to the Wall Street Journal, Trump has pardoned the conviction of Binance founder Zhao Changpeng. For months, Zhao Changpeng has been working to support the crypto company under the Trump family. Sources say the president signed the pardon on Wednesday, and Trump recently expressed sympathy to advisers for the rhetoric of political persecution related to Zhao Changpeng and others. Zhao Changpeng responded in a post: Thank you for Trump's pardon, and I will do everything I can to help the United States become the capital of Crypto Assets.

Senate Banking Committee Democratic Leader Senator Warren has written to Treasury Secretary Yellen, urging her to swiftly implement the Stablecoin Innovation Act (GENIUS Act) and address its regulatory gaps. Warren emphasized that the U.S. Stablecoin Innovation Act (GENIUS Act) provides a "lightweight regulatory framework" for encryption banks, and the Treasury must take action to implement and enforce the law to minimize the significant risks it poses to U.S. financial stability, consumers, taxpayers, and national security. The Stablecoin Innovation Act was signed into law by President Donald

Ripple invested $1 billion in the acquisition of GTreasury, aiming to deepen its integration with traditional finance by merging blockchain with banking systems, serving 1,000 clients in over 160 countries. SWIFT's Chief Information Officer Tom Zschach criticized Ripple for a lack of trust and regulatory capital, but crypto assets attorney Bill Morgan defended the move, pointing out that it aligns with the trend of banks adopting digital asset infrastructure. Ripple has applied for a national banking license in the U.S. and completed its third major transaction in 2025, advancing CEO Brad

Last week, Bitcoin decoupled from major assets, falling by 2.09%, while gold rose by 4.85%, and the Nasdaq 100 index increased by 1.34%. Analysts attributed this divergence to the leverage shock from the $19 billion liquidation collapse in October and noted a decrease in funds inflow to spot exchanges, along with an increase in derivatives collateral. Despite the big dump of BTC, alts like ETH and SOL rose by more than 5%. This week's geopolitical negotiations and key CPI data may influence their recovery.

Alex Thorn from Galaxy Digital believes that the cryptocurrency sell-off in October (Bitcoin fell from $126,300 to $107,000, Ether fell from $4,800 to $3,500, resulting in $19 billion in liquidations) was caused by high leverage impacting a weak order book, macroeconomic fluctuations, and a decrease in purchases by digital asset fund companies. Despite the market being weak in the short term, he remains optimistic about the medium-term outlook, pointing out that artificial intelligence capital expenditures, the adoption of stablecoins as a means of payment, and the tokenization of real-world a

On October 18, Eric Trump, the second son of Trump, stated in an interview with a CNN reporter: "To be honest, I really never talk to my father about Crypto Assets. He is a great supporter of this industry, which has largely supported my father as well. He speaks at all Bitcoin conferences, and clearly during his campaign, the encryption industry accepted him, and he embraced this industry too, seeing it as the future of finance. You cannot ignore him; if we neglect it, America will be crushed. Everything can be done better, faster, and cheaper through Blockchain."

The basic reduction of the balance sheet and expansion of the balance sheet, along with interest rate cuts, are closely related; these two typically appear together in the financial landscape. During the balance sheet reduction period, the goal of the Americans, to put it simply, is to encourage companies to borrow to buy government bonds and dollar assets. By Trump's term, most of the government bonds have already been sold. Once again, I remind you that the power of stopping the balance sheet reduction far exceeds that of interest rate cuts, which is a significant piece of Favourable Inf

On Thursday, the U.S. Senate rejected the temporary funding bill for the tenth time, increasing expectations that the duration of this government "shutdown" will become the longest in history. Coupled with the latency in the release of economic data, this has amplified market uncertainty, leading investors to continue increasing their holdings in gold to hedge against risks. International gold prices broke through the $4,300 per ounce mark on Thursday, continuing to set new closing historical records. By the close, the December gold futures price on the New York Mercantile Exchange was reporte

Last night (October 15), the Shiba Inu community welcomed a major piece of news — a Coinbase user directly sent 140 million SHIB into a dead Wallet💀, completely disappearing from circulation! This is also the largest single burn amount in the past three months, and Shiba Inu fans are going crazy🤯.
According to the community tracker Shibburn, this transaction occurred at around 20:14 (UTC), and the transaction address is a newly created anonymous Wallet 0x27d…fe606, which executed only this one transaction—140,033,123 SHIB was permanently "burned"🔥.
Interestingly, all the funds in this Walle