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Bank of America survey: Going long on gold replaces going long on the Magnificent Seven U.S. stocks as the most crowded trade
Jinse Finance reported that the Bank of America's Global Fund Manager Survey for October shows that most investors believe "going long on gold" has become the most crowded trade in the market. A total of 43% of surveyed investors listed "going long on gold" as the most crowded trade, surpassing the 39% who chose "going long on the Magnificent Seven." The survey also shows that 39% of investors currently have nearly 0% gold positions, 19% allocate about 2%, and 16% allocate about 4%. According to statistics, the weighted average allocation ratio for gold is only 2.4%.
Jinse Finance reported that the Bank of America's Global Fund Manager Survey for October shows that most investors believe "going long on gold" has become the most crowded trade in the market. A total of 43% of surveyed investors listed "going long on gold" as the most crowded trade, surpassing the 39% who chose "going long on the Magnificent Seven." The survey also shows that 39% of investors currently have nearly 0% gold positions, 19% allocate about 2%, and 16% allocate about 4%. According to statistics, the weighted average allocation ratio for gold is only 2.4%.
The US OFAC seeks to confiscate over 120,000 BTC linked to an international "pig-butchering" scam.
Jinse Finance reported that the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed comprehensive sanctions on 146 targets within the "Prince Group Transnational Criminal Organization" (Prince Group TCO). This organization, based in Cambodia and led by Cambodian national CHEN ZHI, operates a transnational criminal empire through online investment scams targeting Americans and others globally. In addition, the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) has removed the Cambodia-based financial services group "Huione Group" from the U.S. financial system. For years, Huione Group has laundered proceeds from virtual currency scams and thefts for malicious cyber actors. According to the U.S. District Court for the Eastern District of New York (EDNY), OFAC seeks to confiscate 127,271 bitcoins (approximately 12 billions USD).
Jinse Finance reported that the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed comprehensive sanctions on 146 targets within the "Prince Group Transnational Criminal Organization" (Prince Group TCO). This organization, based in Cambodia and led by Cambodian national CHEN ZHI, operates a transnational criminal empire through online investment scams targeting Americans and others globally. In addition, the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) has removed the Cambodia-based financial services group "Huione Group" from the U.S. financial system. For years, Huione Group has laundered proceeds from virtual currency scams and thefts for malicious cyber actors. According to the U.S. District Court for the Eastern District of New York (EDNY), OFAC seeks to confiscate 127,271 bitcoins (approximately 12 billions USD).
IMF urges central banks to remain cautious with monetary easing and recommends emergency fiscal adjustments
ChainCatcher news, according to Golden Ten Data, the International Monetary Fund (IMF) stated that central banks should remain vigilant against inflation risks driven by tariffs and adopt a cautious stance on monetary easing to minimize further surges in high-risk asset valuations. The IMF also called for "urgent fiscal adjustments" to curb deficits and ensure the resilience of the bond market. The institution pointed out that the increasingly close ties between banks and less regulated non-bank financial sectors will intensify shocks arising in areas such as private credit or cryptocurrency.
ChainCatcher news, according to Golden Ten Data, the International Monetary Fund (IMF) stated that central banks should remain vigilant against inflation risks driven by tariffs and adopt a cautious stance on monetary easing to minimize further surges in high-risk asset valuations. The IMF also called for "urgent fiscal adjustments" to curb deficits and ensure the resilience of the bond market. The institution pointed out that the increasingly close ties between banks and less regulated non-bank financial sectors will intensify shocks arising in areas such as private credit or cryptocurrency.
LTP receives in-principle approval as a Virtual Asset Service Provider from Dubai VARA
ChainCatcher reported that Liquidity Fintech FZE, the Dubai subsidiary of LTP (Liquidity Tech), has received "in-principle approval" (IPA) as a Virtual Asset Service Provider (VASP) from the Dubai Virtual Assets Regulatory Authority (VARA). This approval allows it to conduct virtual asset brokerage and proprietary trading business in the UAE, and to serve qualified and institutional investors as a regional hub in the Middle East.
LTP stated that it will proceed with the full license application process. VARA is responsible for licensing and regulating digital asset activities in Dubai, emphasizing the framework requirements between innovation and investor protection.
ChainCatcher reported that Liquidity Fintech FZE, the Dubai subsidiary of LTP (Liquidity Tech), has received "in-principle approval" (IPA) as a Virtual Asset Service Provider (VASP) from the Dubai Virtual Assets Regulatory Authority (VARA). This approval allows it to conduct virtual asset brokerage and proprietary trading business in the UAE, and to serve qualified and institutional investors as a regional hub in the Middle East.
LTP stated that it will proceed with the full license application process. VARA is responsible for licensing and regulating digital asset activities in Dubai, emphasizing the framework requirements between innovation and investor protection.
USDC Treasury minted approximately 62,710,000 USDC on Ethereum
According to ChainCatcher, Whale Alert has monitored that USDC Treasury has just completed a minting on Ethereum: 62,711,518 USDC, equivalent to approximately $62,683,423.
According to ChainCatcher, Whale Alert has monitored that USDC Treasury has just completed a minting on Ethereum: 62,711,518 USDC, equivalent to approximately $62,683,423.
Data: XPL manipulator who once earned $38 million recently lost $3.65 million
According to ChainCatcher, on-chain analyst Ai Yi (@ai9684xtpa) has monitored that cryptocurrency trader @Techno_Revenant, who became famous for making a profit of $38 million from trading $XPL within 20 minutes, recently suffered significant losses.
Reportedly, his suspected alternate account 0x9b8 ... 425b0 opened long positions on $BTC and $HYPE after the market flash crash on October 11, resulting in a loss of $2.46 million, with a total loss of $3.65 million over the past week. However, the trader then adopted a "join if you can't beat them" strategy, shorting ETH with 20x leverage, and has currently achieved an unrealized profit of $780,000, partially offsetting previous losses.
According to ChainCatcher, on-chain analyst Ai Yi (@ai9684xtpa) has monitored that cryptocurrency trader @Techno_Revenant, who became famous for making a profit of $38 million from trading $XPL within 20 minutes, recently suffered significant losses.
Reportedly, his suspected alternate account 0x9b8 ... 425b0 opened long positions on $BTC and $HYPE after the market flash crash on October 11, resulting in a loss of $2.46 million, with a total loss of $3.65 million over the past week. However, the trader then adopted a "join if you can't beat them" strategy, shorting ETH with 20x leverage, and has currently achieved an unrealized profit of $780,000, partially offsetting previous losses.
The US crypto framework bill stalls as the Democratic proposal sparks strong industry opposition
ChainCatcher news, according to Cointelegraph, discussions in the U.S. Senate Banking Committee regarding the Responsible Financial Innovation Act (RFIA) have stalled.
Last week, Democratic lawmakers submitted a counterproposal that includes strict restrictions on decentralized finance (DeFi) protocols, especially a "restricted list" mechanism regulated by the U.S. Treasury Department to flag "high-risk" DeFi protocols. The blockchain industry has reacted strongly to this; Blockchain Association CEO Summer Mersinger warned that the proposal would "effectively ban the development of decentralized finance, wallet development, and other decentralized applications in the United States," pushing innovation overseas. Jake Chervinsky, Chief Legal Officer of investment fund Variant, was even more blunt, calling the Democratic proposal "not serious" and essentially "an unprecedented and unconstitutional government takeover of the entire industry."
Currently, Republicans and Democrats are blaming each other for the amendments to the bill, and negotiations have been suspended. Banking Committee Chairman Tim Scott's original deadline to pass the bill by the end of September has already passed, and the growing divide between the two parties has made the prospects for this milestone legislation even more uncertain.
ChainCatcher news, according to Cointelegraph, discussions in the U.S. Senate Banking Committee regarding the Responsible Financial Innovation Act (RFIA) have stalled.
Last week, Democratic lawmakers submitted a counterproposal that includes strict restrictions on decentralized finance (DeFi) protocols, especially a "restricted list" mechanism regulated by the U.S. Treasury Department to flag "high-risk" DeFi protocols. The blockchain industry has reacted strongly to this; Blockchain Association CEO Summer Mersinger warned that the proposal would "effectively ban the development of decentralized finance, wallet development, and other decentralized applications in the United States," pushing innovation overseas. Jake Chervinsky, Chief Legal Officer of investment fund Variant, was even more blunt, calling the Democratic proposal "not serious" and essentially "an unprecedented and unconstitutional government takeover of the entire industry."
Currently, Republicans and Democrats are blaming each other for the amendments to the bill, and negotiations have been suspended. Banking Committee Chairman Tim Scott's original deadline to pass the bill by the end of September has already passed, and the growing divide between the two parties has made the prospects for this milestone legislation even more uncertain.
Antalpha increases holdings of Tether Gold (XAUT) worth $134 millions at an average price of $4,021.81.
BlockBeats News, on October 14, Nasdaq-listed company Antalpha announced that its subsidiary Prestige Wealth has purchased tokenized gold Tether Gold (XAUT) worth $134 million at a price of $4,021.81 per unit.
This acquisition is part of the company’s Antalpha Reserve 2.0 plan. The company also plans to change its name to “Aurelion Inc.”, pending routine approval.
BlockBeats News, on October 14, Nasdaq-listed company Antalpha announced that its subsidiary Prestige Wealth has purchased tokenized gold Tether Gold (XAUT) worth $134 million at a price of $4,021.81 per unit.
This acquisition is part of the company’s Antalpha Reserve 2.0 plan. The company also plans to change its name to “Aurelion Inc.”, pending routine approval.
Eugene: The market is at "hell difficulty," major trades are not recommended at this time.
BlockBeats News, October 14, trader Eugene Ng Ah Sio stated on his personal channel, "The market is currently at 'hell difficulty.' I recommend not making any major trades here (whether long or short), especially if you have just been impacted by the recent sharp decline."
BlockBeats News, October 14, trader Eugene Ng Ah Sio stated on his personal channel, "The market is currently at 'hell difficulty.' I recommend not making any major trades here (whether long or short), especially if you have just been impacted by the recent sharp decline."
Citi maintains its year-end forecasts of $133,000 for BTC and $4,500 for ETH.
BlockBeats News, October 14, Citigroup stated that despite a wave of leveraged long liquidations in the crypto sector triggered by last week's global events, ETF inflows have remained steady, driven by newer investors with lower leverage. The bank maintains its year-end price forecasts of $133,000 for bitcoin and $4,500 for ethereum.
BlockBeats News, October 14, Citigroup stated that despite a wave of leveraged long liquidations in the crypto sector triggered by last week's global events, ETF inflows have remained steady, driven by newer investors with lower leverage. The bank maintains its year-end price forecasts of $133,000 for bitcoin and $4,500 for ethereum.