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Share link:In this post: Do Kwon pleaded guilty in Manhattan to two counts of fraud over the $40 billion TerraUSD and Luna collapse. He agreed to forfeit over $19 million and faces up to 25 years in prison, with prosecutors seeking no more than 12 years. Prosecutors said Terraform products failed as promised, and the crash fueled the 2022 crypto winter.
Share link:In this post: Steven Miran and James Bullard both said Trump’s tariffs are not causing inflation. Miran has been nominated to fill a vacant Fed board seat after Adriana Kugler’s resignation. Bullard is a contender to replace Jerome Powell as Fed chair next year and expects rate cuts starting in September.
Share link:In this post: Genius Group plans a secondary stock listing in Asia, with South Korea as the top choice. The move aims to boost liquidity, enable fairer pricing, and allow near 24-hour trading. Other possible listing locations include Australia, Malaysia, Thailand, Hong Kong, and Japan.
Share link:In this post: Fenwick & West, a prominent Silicon Valley law firm, is being sued for allegedly aiding in FTX’s fraud. The case is part of a broader investigation into the practices of FTX and its affiliates, with multiple parties seeking accountability. Another lawsuit targeted Sullivan & Cromwell last year, which billed $8.5 million in fees while serving as primary counsel during the 16 months preceding FTX’s collapse.
Share link:In this post: Belarusian central bank drafts rules permitting crypto payments. Governor Golovchenko makes an announcement after meeting with Lukashenko. Minsk faces sanctions of the kind that convinced Moscow to start using cryptocurrencies.
Share link:In this post: The S&P 500 closed at a record 6,445.76, and the Nasdaq hit 21,681.90 after July inflation came in softer than expected. July CPI rose 2.7% annually, below the 2.8% forecast, while core CPI increased 3.1%. Traders now see a 94% chance of a September Fed rate cut, with more cuts likely in October and December.
$BIO is skyrocketing, what should we be watching for?
Bitcoin Cash holds firm amid market sell-off, with a key liquidity zone at $603 potentially triggering more upside.
- 04:31TRM Labs: Global retail crypto trading grows by 125% for two consecutive years, regulatory clarity becomes the main driving forceJinse Finance reported that the latest report from TRM Labs shows that global retail cryptocurrency trading volume grew by more than 125% for the second consecutive year between 2024 and 2025. The clarification of the regulatory environment has become the main driving factor, especially in the United States, where policy support and regulatory clarity have led to double-digit market growth. The report points out that most crypto activities are concentrated in practical scenarios such as payments, remittances, and value preservation. Notably, even in countries where cryptocurrencies are restricted or banned, such as Bangladesh and several North African countries, adoption rates remain high, indicating that grassroots demand may surpass formal restrictions. In Pakistan, with government support, the number of crypto users is expected to reach 28 million by 2026. Research by international institutions shows that comprehensive bans are often ineffective and may actually increase people's motivation to use cryptocurrencies.
- 04:24Suspected Trump "insider" addresses overview: "In and out seven times," profiting from both long and short positions, with total gains exceeding 100 millionsChainCatcher News, on the eve of the 1011 crash, multiple on-chain addresses concentrated deposits on the 10th, opened large short positions on the night before Trump announced negative tariff news, and closed positions in batches on the 11th, realizing profits of over $160 million, sparking community discussions about whether they possessed "insider information." The related matrix addresses continued to operate both long and short after 1011 to achieve profits. The following is a summary based on data from on-chain analyst Ai Aunt and AI analysis tool CoinBob (@CoinbobAI_bot). The suspected Trump family insider trading addresses are as follows: "0xb317": As the main address, it precisely shorted before the crash, closed BTC, ETH, and SOL short positions on October 11, and made profits of over $86 million; On October 20, it deposited another $30 million USDC into HyperLiquid and opened a BTC short position with 10x leverage; Before this morning's drop, it increased its BTC short position to about $226 million, with a current unrealized profit of $6.15 million; While adding to its short positions this morning, it also deposited 3,003 BTC, worth $338 million, to a certain exchange. "0x2eA": As an associated address of "0xb317", it closed nearly 30,000 ETH short positions on October 11, making a profit of about $72.32 million; "0xc2A": On October 15, it opened a BTC 5x short position worth $140 million. After opening the position, the market declined, and the address subsequently closed the position for a profit of $2.683 million; On October 16, it reversed to go long, closed the position 7 hours ago, and ultimately made a profit of $6.04 million. After holding the position for 5 days, it decisively closed out during last night's rally; This address has achieved a 100% win rate in 7 trades since October 14, profiting from both long and short positions, with a total profit of $10.02 million over 14 days. The full addresses are as follows: 0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae; 0x2ea18c23f72a4b6172c55b411823cdc5335923f4; 0xc2a30212a8DdAc9e123944d6e29FADdCe994E5f2.
- 04:24Data: Bitcoin spot ETFs saw a total net inflow of $477 million yesterday, with none of the twelve ETFs experiencing net outflows.ChainCatcher News, according to SoSoValue data, the total net inflow of Bitcoin spot ETFs yesterday (October 21, Eastern Time) was $477 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF IBIT, with a single-day net inflow of $211 million. Currently, IBIT's historical total net inflow has reached $65.092 billion. Next is the ETF ARKB from Ark Invest and 21Shares, with a single-day net inflow of $163 million. Currently, ARKB's historical total net inflow has reached $2.219 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $151.578 billion, with the ETF net asset ratio (market value as a percentage of Bitcoin's total market value) reaching 6.86%. The historical cumulative net inflow has reached $61.975 billion.