Matrixport released a market view stating that "the recent price trend of Bitcoin shows that the market is transitioning from a bull market phase to a consolidation phase. Although the macro environment remains supportive, including the continued easing policy of the Federal Reserve and a relatively stable overall liquidity environment, multiple technical and structural indicators show short-term fatigue. Bitcoin has fallen below its 21-week moving average for two consecutive weeks, and this moving average has always been seen as a reliable dividing line between bull and bear phases. At the same time, on-chain liquidity growth has slowed, and realized market value indicators also show a weakening inflow of funds. The flash crash on October 11 highlighted these vulnerabilities - billions of dollars in forced liquidations triggered a chain reaction in the market. The size of open Bitcoin contracts has decreased, long-term holders have started to take profits, and volatility remains low. The interaction of a stronger dollar, declining bond yields, and weak labor market data suggests that global growth momentum may slow down, which could lead to range-bound volatility for risk assets, including Bitcoin, until market confidence is restored.

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according to @Cointelegraph, market news: Tom Lee predicts that the bottom of ETH will appear in the next few hours. Tom Lee is a well-known Wall Street analyst who has worked at institutions such as Morgan Stanley and has long been focused on the cryptocurrency market.

according to Cointelegraph, cryptocurrency exchange Coinbase has sued German man Tobias Honscha in a California federal court, accusing him of maliciously squatting on the domain name coinbase.de and attempting to extort the company.

 according to the official announcement, to participate in River's BuildKey TGE, users must meet the following Binance Alpha Points requirements:

the US unemployment rate for August will be announced at 20:30 tonight (previous value: +4.2%). Many institutions have made predictions:

 Barclays and BNP Paribas expect the Fed to cut interest rates by 25 basis points in September, citing a shift in Fed Chairman Powell's attitude towards rising risks in the job market at the Jackson Hole meeting. Barclays now expects two 25 basis point rate cuts in September and December this year, saying Powell's speech introduced a "dovish bias" and raised the threshold for not cutting rates. BNP Paribas has also changed its long-standing view of the Fed staying put, predicting rate cuts in both September and December. "Powell clearly stated that the Fed intends to make 'fine-tuning' rate cuts in September, unless data indicates otherwise."

economists at Bank of America said in a report that the Bank of Japan may signal a shift towards a less dovish stance. The market generally expects the Bank of Japan to keep its policy rate unchanged at 0.5% at this week's monetary policy meeting. However, considering the recent trade agreement reached between Japan and the United States, it may adopt a less dovish tone. The agreement reduces a significant uncertainty, and the Bank of Japan has pointed out that this is one of the reasons for postponing tightening policy. 

according to the official announcement, Binance Alpha is the first platform to go live on the Orochi Network (ON), and Alpha trading will start on October 24, 2025 at 16:00 (UTC+8).

 FalconX announced on September 4 that it has added spot trading, derivatives, and custody support for the US dollar stablecoin USDe launched by Ethena for its institutional clients.

Saul Eslake, former chief economist at Merrill Lynch in Australia, said that the dismissal of Federal Reserve Board member Lisa Cook marked a clear escalation of White House intervention after President Trump pushed to reshape the federal government and its agencies.

 according to on-chain information, a smart money reduced their ETH long position by 25x 2 hours ago, reducing their holdings by 2,368.85 coins, currently holding only $388.4 worth of ETH long positions.

On October 24th, according to official sources, OKX will officially launch the APRUSDT perpetual contract on the web, app, and API at 2:00 PM (UTC+8) on October 24, 2025.

according to the Financial Times, Tether is in talks to invest in the gold mining industry. The company plans to invest in various aspects of the gold supply chain, including mining, refining, trading, and licensing companies. Currently, Tether holds $8.7 billion worth of gold reserves in a vault in Zurich, Switzerland, as collateral for its stablecoin.

according to official website data, the probability of Powell being removed from the position of Chairman of the Federal Reserve on Polymarket by 2025 has dropped to 10%.

according to @CryptooIndia, the fund flow of US spot ETFs last week (August 18-22)

 US President Donald Trump officially pardoned Binance founder Changpeng Zhao on Thursday. This decision caused a huge uproar at a sensitive moment when the federal government was shut down, with Democrats pointing directly to this move as "rewarding criminal behavior with pardons," allegedly exchanging public power for huge funds flowing into Trump's personal cryptocurrency business.

Toshitaka Sekine, former chief economist of the Bank of Japan, said that the market's speculation about the Bank of Japan raising interest rates in October is increasing. This underestimates the level of uncertainty brought by Trump's tariff policy. He said: "What I want to say is that the uncertainty may be greater than market participants imagine. If I were still the chief economist of the Bank of Japan, and I had to determine the impact of tariffs before October, I would say 'no'." Prior to Sekine's remarks, signs of economic recovery prompted economists to list October as the most likely time for the Bank of Japan to raise interest rates. The veteran economist said that he would not completely rule out the possibility of a rate hike, as a series of factors including exchange rates will affect this decision. However, it is difficult for authorities to assert that economic risks have fully receded by then. 

according to the on-chain analysis platform Lookonchain (@lookonchain), Big Brother Ma Ji went long on Bitcoin with 40 times leverage, holding 155 BTC, worth about 17.5 million US dollars;

7:00-12:00 Keywords: LINK, stablecoin, Industrial Bank, Ethereum spot ETF