News

October 29 news, according to 4E observation, US-listed company ZOOZ Strategy Ltd. (ZOOZ) increased its holdings by 94 bitcoins at an average price of $112,000 per coin, bringing its total holdings to 1,036 bitcoins, with a total value of approximately $115 millions, continuing its bitcoin reserve strategy. On-chain data shows that a suspected Bitmine address received 27,316 ETH (about $109 millions) from BitGo, marking the institution's largest single inflow in recent months. The Grayscale Solana Trust ETF (GSOL) was officially listed today on the New York Stock Exchange Arca, becoming the second Solana ETF this week and providing US stock investors with direct exposure and potential staking returns. Meanwhile, bitcoin financial company Sequans was found to have transferred 970 BTC to an exchange address, possibly its first sale. In terms of policy, French lawmaker Éric Ciotti proposed that the country purchase 420,000 BTC over the next seven years, using surplus nuclear power mining and savings plan funds as sources; if approved, France would become the first European country to include bitcoin in its national reserves. 4E reminds investors: institutional accumulation and infrastructure deployment by financial giants are strengthening mainstream adoption logic, but on-chain liquidity remains constrained by macro risks. In the short term, be alert to the amplification effect of policy signals and institutional position changes on market expectations.

Jinse Finance reported that seven U.S. Democratic senators sent an open letter to Attorney General Pam Bondi and the Department of Justice, requesting an explanation for President Trump's decision to pardon a certain exchange founder, CZ. The senators accused this pardon of sending a signal to the cryptocurrency industry that "crimes can be committed with impunity," and questioned whether there are financial ties between Trump and the exchange. The letter mentioned that the Trump family's decentralized finance platform, World Liberty Financial, has business dealings with the exchange, and there are reports that the exchange has paid large sums to Trump-related lobbyists. CZ had previously admitted to violating the U.S. Bank Secrecy Act, and the senators are concerned that this pardon will weaken the federal law enforcement's ability to combat cryptocurrency-related crimes. (Cointelegraph)