ETH falls below the $3200 mark

[Scallop DApp Completes UI Upgrade and Adds Flash Loan Functionality] Sui ecosystem lending protocol Scallop has recently carried out a comprehensive UI upgrade for its DApp, introducing a Flash Loan feature. Users can initiate flash loans directly within the DApp without needing to provide upfront collateral, as long as the repayment is completed within the same on-chain transaction. Additionally, Scallop Tools now enables one-click wallet space cleanup and the destruction of expired SuiNS, while also launching features such as account overview, risk level simulator, and market status switching.

[Analyst Says Bitcoin Still Dominates the Market, Funds Flowing Back to BTC] Data shows that Bitcoin's market share dropped from 65% in June to 57% in September, currently standing at 59.27%. Analyst CyrilXBT stated that Bitcoin still holds a dominant position in the market, with funds flowing back to Bitcoin rather than other cryptocurrencies. BlackRock's IBIT Bitcoin ETF is expected to attract over $25 billion in inflows by 2025, reflecting corporate investors' preference for Bitcoin.

[Russia Plans to Remove High Qualification Restrictions for Crypto Investments] The Bank of Russia is drafting new cryptocurrency regulatory plans, aiming to remove the current requirement that limits participation in the crypto market to 'highly qualified' investors. It plans to establish a tiered access mechanism to expand the scope of legitimate investors. Current regulations require individual investors to hold at least 100 million rubles in bank deposits and securities, and have an annual income exceeding 50 million rubles in the past year to obtain 'highly qualified' certification.

Solstice, the developer of Solana's native stablecoin USX, is conducting a pre-sale of the governance token SLX on the fundraising platform Legion. USX is an interest bearing stablecoin supported by multiple assets in a 1:1 ratio. It has been running a delta neutral strategy for 3 years, maintaining zero unanchoring and zero forced redemptions during this period, locking in over $328 million in funds and becoming the largest native stablecoin on Solana. This SLX pre-sale adopts a scoring system based allocation method, and the scoring is determined by data such as on chain activities and development contributions. The pre-sale has officially started. (Ashes)

[Ontario Healthcare Pension Fund of Canada Purchases $13 Million in Strive Stock] The Ontario Healthcare Pension Fund of Canada, with assets totaling $90 billion, has purchased 14.8 million shares of Bitcoin crypto treasury company Strive (ASST) stock, with a total value of $13 million.