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The U.S. federal and state governments are advancing crypto legislation, focusing on stablecoin regulation, the legal status of DAOs, token classification, and blockchain application pilots. Various states are implementing targeted measures to support local crypto innovation. Summary generated by Mars AI. This summary was generated by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
Bitcoin and Ethereum ETFs saw net inflows of $2.7B and $488M this week, signaling strong investor confidence.Bitcoin ETFs Lead the Pack with $2.7 Billion InflowEthereum ETFs Hold Strong with $488 Million
After a $19B liquidation, traders double down with another $19B in new Bitcoin shorts.What This Means for Bitcoin’s PriceWhy Traders Are Still Betting Against BTC
- 21:26Musk: The next "Starship" test flight will launch around 5 p.m. Central Time next Monday.Jinse Finance reported that Musk revealed the next "Starship" test flight is scheduled to launch at around 5 p.m. Central Time next Monday.
- 18:34Ukrainian crypto blogger Kudo found dead in Kyiv, police initially rule as suicideBlockBeats News, October 11, according to RBC-Ukraine, 32-year-old Ukrainian cryptocurrency blogger Konstantin Ganich (online name Kudo) was found dead in Kyiv. Police discovered his body in a car with a gunshot wound to the head, and a weapon registered in his name was found nearby. The preliminary determination is suicide. Kudo was a well-known cryptocurrency blogger and the CEO of Cryptology, engaged in financial and trading consulting and education. In a recent interview, Kudo mentioned that his partner had stolen his funds and disappeared. Kudo had expressed to friends and family that he was feeling depressed due to financial difficulties and had left a suicide note.
- 18:34Tom Lee: Today's decline is a healthy shakeout, and the pullback is a good buying opportunityBlockBeats News, on October 11, Tom Lee, Chairman of BitMine, the largest Ethereum holding institution, commented on today's market flash crash: "The decline was expected, as there has already been a 36% increase since the April low. Today, the fear index VIX once surged by 29%, marking the 51st largest single-day volatility in history, ranking among the top 1% of extreme market moves. Today's drop is a decent shakeout. What I want to tell everyone is that the market is indeed a bit tense, but unless there is a real structural change, this kind of pullback is a good buying opportunity. I can't say for sure that the market has bottomed out today, but we know that under the current circumstances, the returns over the next week or even month will be pretty good. If someone asks me how the market will perform in a week, I would say the probability of an increase is quite high."