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No results1Bitget Daily Digest（October 10）｜Luxembourg Sovereign Fund Allocates to Bitcoin ETF; Linea and Babylon Major Token Unlocks Today; SEC Allows State Trust Companies to Custody Crypto Assets2Is Monero (XMR) Poised for a Bullish Rally? This Key Emerging Fractal Saying Yes!3Is This the Last Chance for Bitcoin to Break $130K in 2025?
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- 06:37Global Crypto Alliance Strongly Opposes Ireland's Crypto Messaging Surveillance BillChainCatcher news, the Global Encryption Coalition (GEC) recently sent a letter to the Irish government, strongly urging it to abandon the proposed "Communications Interception and Lawful Access Bill." This bill would allow law enforcement agencies to access encrypted messages. GEC warned that this would seriously threaten cybersecurity, increase the risk of cybercrime, and could potentially lead technology companies to leave Ireland. As the European headquarters for many tech giants, Ireland's legislative decisions have far-reaching impact. GEC also urged Ireland to withdraw its support for the EU "chat control" bill, which requires scanning messages before encryption—a proposal recently opposed by Germany. Experts emphasize that weakening encryption not only endangers individual privacy but also poses a threat to national security.
- 06:29Analyst: Bitcoin drops to around $121,000, but "October rally" sentiment remains unaffectedJinse Finance reported that, according to The Block's bitcoin price page, BTC has dropped 0.64% in the past 24 hours, with the current trading price at $121,141. Compared to the all-time high of $126,080 set this Monday, the decline has approached 4%. “The pullback after bitcoin hit a new all-time high looks more like a brief pause rather than a trend reversal,” said Justin d'Anethan, analyst and head of partnerships at Arctic Digital. “Short-term holders have taken profits, some leveraged long positions have been liquidated, but long-term holdings remain unchanged.” The cryptocurrency analyst also pointed out that the inflow momentum into spot cryptocurrency exchange-traded funds (ETFs) remains strong, and the bitcoin balance on exchanges is at a six-year low. D'Anethan noted that the current market is influenced by macro uncertainties, such as a strengthening US dollar, persistently high yields, and the Federal Reserve's unclear stance on future interest rate decisions. The United States is still experiencing a partial government shutdown, and analysts have previously pointed out that this situation provides positive support for “safe-haven” assets such as gold and bitcoin. Although Federal Reserve Chairman Jerome Powell has sent mixed signals regarding future rate cuts, the CME's “FedWatch Tool” shows that the market believes there is as high as a 94.6% probability that the US central bank will cut rates again at the end of this month.
- 06:29Against the backdrop of the Federal Reserve pause, U.S. Treasury supply is being well absorbed by the marketJinse Finance reported that interest rate strategists at Société Générale stated in a report that despite the U.S. government being in a shutdown, the market's focus remains on the supply of U.S. Treasury bonds, and the absorption of this supply by the market has been good. They pointed out that U.S. Treasury yields have continued to trade within a narrow range, while swap spreads have continued to widen. According to Tradeweb data, U.S. Treasury yields declined during the Asian trading session, with the two-year Treasury yield falling by 1.2 basis points to 3.586%; the ten-year and thirty-year Treasury yields both dropped by 1.9 basis points, to 4.128% and 4.714% respectively. (Golden Ten Data)