【Crypto World】Solana(SOL) just broke below the key support level of 120 USDT, with the current price at 119.96 USDT. The decline over the past 24 hours has widened to 2.3%, and the market is under obvious pressure.

Wintermute's Evgeny Gaevoy criticizes those who shout "exit" in the cryptocurrency space, calling them "dishonorable," and believes they haven't truly committed to the industry, reflecting the industry's dissatisfaction with the rash exit phenomenon.

On Friday, the BTC and ETH options markets experienced approximately $28.5 billion in large-scale expirations, leading to a relaxation in speculative risk pricing. BTC implied volatility dropped to 43%, with skewness across various maturities stabilizing, indicating a decline in bearish sentiment. ETH remains stable with manageable medium- and long-term risks. Options trading tools have been upgraded to support automatic rolling sell strategies, enhancing trading convenience.

An 8-year dormant Bitcoin whale address has recently become active, transferring 400 BTC to a certain exchange, worth approximately $34.92 million. The player's unrealized gains have reached $30.4 million. Such large account operations often indicate a market trend change and are worth monitoring.

Global liquidity reaches $147 trillion, but the cryptocurrency market shrank by $1.37 trillion in 79 days, with investors turning to gold and stablecoins. Although regulations may relax bank capital restrictions, the Financial Stress Index indicates that it is still not a good time to enter the market. Patience is needed.

U.S. labor market data shows that initial unemployment claims are at 214,000, below expectations, and the number of continued claims has also decreased, indicating a resilient job market. This reinforces expectations of a soft landing for the economy and will impact the crypto market and Federal Reserve policies.

The "slimming plan" implemented by the U.S. government has cut nearly 9% of federal employees, but expenditures have actually increased by almost 6%. This contradictory phenomenon highlights the gap between policy effects and actual costs, which is worth the attention of investors analyzing macroeconomic trends.

【ChainNews】Polymarket has encountered trouble this time. Recently, user accounts on the decentralized prediction market platform experienced theft incidents, and the official confirmation pointed to a system vulnerability in the third-party authentication service provider Magic Labs.
What’s more upsetting is that some users who registered through Magic Labs, even without clicking any suspicious links and having enabled two-factor authentication protection, still had their funds transferred out. This directly hits the pain point of Web3 users — no matter how cautious you are, you can't prevent issues caused by underlying service providers.
The good news is that the official statement says the vulnerability has been fixed, and there is currently no ongoing risk. Affected users will be notified separately about the handling plan. However, the platform has not disclosed how many people were affected or the scale of the losses, which has also raised some doubts.
This incident also serves as a reminder to all Web3 users that even when operating on well-known platforms, you should stay vigilant — third-party service providers'

The VIP exclusive BGB airdrop plan of a leading exchange's fourth phase has distributed a total of 80,420 BGB. Eligible users received rewards based on their account level and trading volume. Since its launch in September, the plan has continued to attract active traders, and subsequent plans are worth paying attention to.

Investors have observed that the trading strategy of going long on the Nasdaq index while shorting crypto trading platforms is profitable, reflecting the trend of the U.S. stock market migrating towards Blockchain. In this transformation, Financial Institutions are being impacted, while the crypto market is gradually rising, and the market landscape is undergoing a deep adjustment.

[Coin World] In 2025, the interest expenditure on U.S. government bonds is now exceeding 1 trillion dollars annually—this figure has already surpassed defense spending and healthcare spending. Can you imagine what this means? Many industry insiders are sounding the alarm, as this situation can easily fall into a vicious cycle of "the more debt, the higher the interest, the more debt continues to soar."
Interestingly, the Federal Reserve has noticed this issue and has begun to reposition stablecoins - viewing them as a strategic tool. The latest regulations require stablecoin issuers to back their reserves with U.S. Treasury bonds, which essentially creates a new buyer for government debt in a roundabout way. Before long, there could be a large-scale group of government debt buyers composed of stablecoin issuers. This presents both opportunities and challenges for the crypto ecosystem.

[Coin World] Listen to the new trends in the industry - HIVE Digital, a digital mining company, has recently adjusted its approach. Executive Chairman Frank Holmes revealed that the company has learned a lesson during the fluctuation of the Bitcoin cycle, and the focus is no longer on chasing trends, but on building a robust business that can withstand cycles.
What to do? They placed their bets on Paraguay. Why? There is incredibly cheap hydropower there. Everyone understands what low electricity costs mean—Mining profit margins are instantly expanded. Based on this advantage, HIVE plans to achieve stable growth and efficient operations by 2026.
Interestingly, Holmes explicitly emphasized a priority ranking: profit margin > capacity expansion. In other words, it's not about who mines more, but about who earns steadily. This way of thinking is indeed different from the previous "crazy expansion" approach.
In addition, they are also exploring opportunities in AI and high-performance computing. It seems that

The integration of TradFi and Crypto Assets may happen faster than expected. Industry insiders point out that in order to remain competitive in the fierce battle for customers, major banks in the United States are likely to launch a comprehensive Crypto Assets service system covering Bitcoin custody, lending, and securitization within the next two to three years.
One of the specific manifestations of this trend is the emergence of new priority security products. A certain company recently launched this type of new product, with an annualized target return of 10.75%, and includes a tax-deferred dividend mechanism, aiming to attract more institutional and individual investors seeking stable returns.
It is worth noting that the market generally concerns itself with the sustainability of such innovative products. Relevant parties have disclosed that the company currently has a reserve of 1.4 billion dollars, which is sufficient to support approximately 21 months of dividend payment cycles. From this perspective, the risk of a forced liquidation of Bitcoin assets in the short term is relatively low, which also provides investors with

A leading Compliance platform has added the Base network as a SOL deposit and withdrawal channel, allowing users to hold and transfer SOL in ERC20 format on Base, achieving cross-chain Liquidity. However, this feature is still unavailable in locations such as New York, Japan, and Germany, reflecting that the exchange is actively embracing a multi-chain ecosystem.

[Coin World] A significant movement has just been discovered - someone transferred 91,030 Ethereum, equivalent to nearly $267 million. This transfer occurred between two unknown wallets, and with such a large scale, the market is definitely paying attention. Each time there is a large ETH flow, it may indicate that institutions or Large Investors are adjusting their positions. Is it preparing for the subsequent market trend, or is it simply a movement of funds? This question is worth keeping an eye on.

The Gnosis Chain operating community has decided to conduct a Hard Fork to recover the funds lost in the Balancer vulnerability incident. Currently, these funds are no longer in the control of the Hacker. The Gnosis team, in collaboration with ecosystem partners, has successfully frozen the affected liquidity pools and suspended cross-chain operations, emphasizing that Node operators must actively cooperate to avoid penalties.

[Coin World] The preliminary value of the U.S. GDP for the third quarter is about to be released. Analysts generally predict that the annualized growth rate will fall to 3.2%, a decrease from last quarter's 3.8%—the economy is indeed slowing down.
The GDP price index is also worth paying attention to, as it directly affects the Federal Reserve's policy direction. The US dollar index is currently under significant pressure, which is crucial for traders holding stablecoins and shorting the dollar. Fluctuations in macro data often lead to large capital reallocations, and changes in liquidity in the crypto space cannot escape these signals.