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 according to on-chain analyst OnchainLens (@OnchainLens), a newly created wallet once again withdrew 7,766 ETH from OKX, worth $34.02 million. The wallet currently holds a total of 15,543 ETH, worth $68.41 million.

the Ethereum Foundation has released a blog post updating the latest progress in "Scale L1/Expand L1" work, including the following 3 points:

according to Cointelegraph, Rumble CEO Chris Pavlovski revealed that the company is about to launch the Rumble Wallet developed in collaboration with stablecoin issuer Tether and crypto payment service provider Moonpay.

YZiLabs announced that it has led a $11 million seed round financing for VideoTutor. VideoTutor is an AI education agency founded by a 20-year-old Silicon Valley serial entrepreneur in AI. This round of financing also attracted participation from JinQiu Fund (ByteDance affiliate), Baidu Ventures, AminoCapital, BridgeOneCapital and other institutions. This is YZiLabs' first AI software investment since expanding its investment scope earlier this year, reflecting its broader strategic vision to support breakthrough technologies that drive human learning through AI.

On October 21st, MGBX real-time market data shows that F has risen above 0.025 USDT, currently trading at 0.023 USDT, with a 24-hour increase of over 177% and a circulating market value exceeding 25 million US dollars. SynFutures is a decentralized derivatives protocol, with F as its platform governance token, supporting community-driven asset listing and feature development.

Circle and Tether are being questioned by DeFi risk management company LlamaRisk because their bug bounty programs are "seriously inadequate," with the highest amount not exceeding $10,000.

the Pendle team has launched the financing interest rate trading platform Boros on Arbitrum. Users can speculate and hedge the financing interest rates through this platform. It currently supports trading on Binance BTCUSDT and ETHUSDT financing interest rates, and plans to expand to more assets (such as SOLUSDT, BNBUSDT), more platforms (such as Hyperliquid, Bybit), more terms, and future revenue products. Boros uses Yield Units (YU) for trading, with each YU representing the yield of 1 unit of collateral asset until maturity, similar to Pendle's YT.

 the decline in US stock index futures narrowed, with S&P 500 index futures and Nasdaq index futures once again turning flat. 

 the Thai police arrested Chinese citizen Liang Ai-Bing on Wednesday, who is suspected of being involved in a $14 million cryptocurrency fraud case related to the now-defunct platform FINTOCH. FINTOCH had promised a daily return rate of 1%, falsely claimed to have the support of Morgan Stanley, and even hired actors to play the role of a fake CEO, ultimately running off with the funds in May 2023 (exit scam).

Citibank analyst Jin-Wook Kim said that South Korea's commitment to invest $350 billion in the United States could put pressure on the South Korean won. Learning from the lessons of the 1997-1998 financial crisis, South Korea is unlikely to use its $416 billion in foreign exchange reserves, so public institutions may need to raise $20-30 billion in foreign currency each year. The remaining $86-96 billion in financing may need to rely on the bond market. Large-scale bond issuance may push up financing costs and put pressure on the South Korean won. Even if private companies share some of the financing burden, the decrease in the proportion of US export income converted into South Korean won due to US investment may also bring depreciation risks. Citibank expects South Korea to ask the United States to provide solutions for potential foreign exchange shocks and seek to extend the deadline for investment commitments. 

according to official sources, the USDJ protocol will officially terminate its services and initiate a delisting plan on August 31, 2025. To ensure the safety of user assets, the official announcement calls on all USDJ holders, collateral debt position (CDP) users, and JustLendDAO deposit and borrowing users to immediately handle their related positions, or exchange USDJ for stable tokens such as USDD to avoid insufficient liquidity or market volatility risks. This adjustment aims to optimize the allocation of ecological resources and promote the more efficient development of the decentralized financial system. Users are requested to complete the migration promptly and together welcome the upgrades and innovations of the next phase.

Arthur, the founder of DeFiance Capital, posted on social media, saying, "The speculative sentiment of Asian crypto-native users has hit a new low in this cycle, and I have not seen such poor market sentiment and performance after 2022."

according to OnchainLens monitoring, a newly created wallet withdrew 11,860 ETH from OKX in the past 3 days, worth $45.8 million.

according to data from StrategicETHReserve, as of now, there are a total of 64 Ethereum reserve entities/companies with holdings of 100 or more ETH. The total ETH holdings of this group has exceeded 3 million coins, reaching approximately 3.04 million coins, accounting for about 2.52% of the total ETH supply, worth approximately $10.87 billion. The top three holders of ETH are Bitmine (833,100 coins), SharpLink Gaming (521,900 coins), and The Ether Machine (345,400 coins).

according to an announcement released on Tuesday, BitBridge Capital Strategies will start trading under the stock code BTTL before the end of the third quarter and plans to subsequently list on the Nasdaq main board. This move is being pushed forward after completing a merger with Green Mountain Merger Inc.

 according to CNBC, President Trump stated that he has reached a one-year agreement with China on rare earths and key minerals, and will cut tariffs on fentanyl to China by half to 10%. The leaders of the two countries held their first meeting in six years in Busan, South Korea, with the talks lasting 1 hour and 40 minutes.

 according to market news, Bitcoin OG Owen Gunden has been continuously selling BTC recently, depositing a total of 2587.6 BTC to Kraken in less than 10 days, worth about $290 million.

a new view is gaining popularity, which believes that the value of most cryptocurrencies today is not captured by the blockchain itself, but is concentrated at the application layer. This trend is becoming more apparent with the rise of Hyperliquid and may change investors' behavior in the coming months.

 the market shows BTC breaking through $114,000, now reporting $114,002.95, with a 24-hour decline of 0.38%. The market is fluctuating significantly, please manage risk control.