OKB falls below the $160 mark

[Reload Airdrop Distributed Over 14,500 BNB to Nearly 80,000 Wallets] On October 13, BNB Chain, in collaboration with Four.Meme, launched the Reload airdrop campaign with a total value of $45 million, targeting over 160,000 users who traded Meme coins in the past week. As of now, the campaign has completed two rounds of distribution, delivering 14,515 BNB to 79,994 wallets, estimated to be worth approximately $15.53 million at current prices. This airdrop aims to further promote the development of the BNB Chain ecosystem while attracting more Meme coin traders to participate in its platform activities.

[Whale address 0xB041: Sold 6,237 ETH within 7 hours, cashing out $23.95 million] Whale address 0xB041 sold 6,237 ETH at a price of $3,840 during the past 7 hours amid a market downturn, cashing out approximately $23.95 million. This address has been operating frequently recently, possibly due to panic selling triggered by market volatility. (Lookonchain)

The deal, terms of which were not disclosed, will allow FalconX to expand beyond market making and liquidity services into issuing crypto ETFs.

[Democrats Warn Government Shutdown Could Heighten Crypto Market Risks, Call for Insider Trading Investigation] Maxine Waters, the Democratic leader of the House Financial Services Committee, warned on the 21st day of the government shutdown that President Trump and Congressional Republicans' failure to establish a proper regulatory framework for cryptocurrencies would exacerbate market risks. She pointed out that the October 10 crypto market flash crash caused investors to lose billions of dollars and sparked calls for an insider trading investigation. An analyst discovered that a certain wallet deposited millions of dollars into the Hyperliquid decentralized exchange before the crash and profited approximately $150 million through leveraged short positions. Waters urged the SEC and CFTC to thoroughly investigate the related activities. However, due to the government shutdown paralyzing regulatory agencies, investors face heightened risks, and similar crash events may spread more quickly to the traditional financial sector in the future.

[Market Focuses on Friday's CPI Data, Government Shutdown Impacts Sentiment Stability] QCP Asia stated in its October 22 report that the U.S. government shutdown has led to the suspension of most official data releases, with this week's market focus centered on Friday's CPI data. This is the only economic indicator available for the Federal Reserve before resuming policy statements. If the CPI rises only 0.2% month-on-month, it will reinforce the 'soft landing' expectation and support the upward trend of Bitcoin.