Bitget ICP/USDT's perpetual trading volume surged 9 times within 10 minutes, with a turnover of 3.67 million US dollars in the past 24 hours, a decrease of 5.41% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[U.S. Credit Crisis Worsens, Bank Stocks Lose Over $100 Billion in Market Value] Concerns over the U.S. credit crisis are intensifying as Zions Bank and Western Union Bank disclosed tens of millions of dollars in loan fraud losses, involving problematic commercial mortgage loans. The recent bankruptcy of subprime auto loan provider Tricolor Holdings and the collapse of First Brands Group have further fueled market panic. On Thursday, the market value of the 74 largest banks in the U.S. evaporated by over $100 billion, sparking Wall Street's doubts about laissez-faire capital policies.

Federal Reserve Governor Michael Barr, who was the central bank's regulatory chief during the Biden administration, flagged potential stablecoin pitfalls.

[Ghana Central Bank Plans to Complete Crypto Asset Regulatory Legislation by Year-End] Ghana Central Bank Governor Johnson Asiama stated that the country plans to pass cryptocurrency and virtual asset regulatory legislation by the end of December this year. The regulatory framework has been drafted, and the bill is currently under parliamentary review. Asiama emphasized at the International Monetary Fund meeting that accelerating the regulation of crypto transactions is crucial for ensuring the safety and transparency of the financial system.

Regional banks are sharply lower on credit worries on Thursday, pulling broader markets and bitcoin down alongside.