[The South Korean government plans to pass Bitcoin-supporting legislation by the end of the year] According to a report by Jinse Finance, citing market sources, the South Korean government has just stated that Bitcoin (BTC) is a 'major investment tool.' The country plans to pass Bitcoin-supporting legislation by the end of the year.

[Galaxy CEO: Federal Reserve Chair Nomination May Impact Crypto Market Trends] On September 24, Galaxy Digital CEO Mike Novogratz stated that the selection of the next Federal Reserve Chair could lay the foundation for a 'supercycle' in the crypto market. He noted that if Trump appoints someone who prioritizes growth and liquidity over inflation control, cryptocurrencies could see significant growth. He also mentioned that the independence of the Federal Reserve is facing challenges, which could have profound effects on the market.

[Matrixport: Current Bitcoin Market Led by Institutions with Three Stages of Growth] According to a report by Jinse Finance, Matrixport released an analysis chart indicating that the current fifth Bitcoin bull market exhibits unique characteristics: it is institutionally driven and has experienced three stages of growth, which is distinctly different from the two stages observed in 2020-2021. Currently, the 21-week moving average stands at $109,899, regarded as the dividing line between bull and bear markets. The analysis points out that if Bitcoin can remain above this moving average, the bull market trend is likely to continue; conversely, if it falls below this level, it may enter a more challenging market phase.

[0x8fc Address Engages in High-Leverage Swing Trading of ETH and BTC, Holds Small Amount of ASTER] BlockBeats News, September 24, according to HyperInsight monitoring, the address starting with 0x8fc continued to go long on ETH after closing a short-term long position, increasing its holdings by 2,898 ETH. The current total position is valued at $13.82 million. Due to frequent heavy bets, the account's total holdings have fluctuated significantly, once exceeding $20 million. Additionally, monitoring shows that the address currently holds $13.22 million in ETH long positions and a small amount of ASTER. Overall unrealized losses have widened. The trader behind this address tends to frequently engage in high-leverage swing trading with heavy positions in ETH and BTC, with operations being extremely active in recent days.

[Kraken CEO Donates $1 Million to Pro-Trump Political Organization] On September 24, Kraken Co-CEO Arjun Sethi announced a $1 million donation to the pro-Trump political action committee Freedom Fund PAC and pledged to increase donations to the pro-Trump organization America First Digital to $1 million by 2025. He stated that the U.S. cryptocurrency industry continues to face challenges such as regulatory uncertainty, enforcement pressure, and restrictions on privacy tools.