BTC breaks through the $110000 mark

[State Street Group Warns Investors of Potential Over-Optimism Toward Risk Assets] Dwyfor Evans, Head of Asia-Pacific Macro Strategy at State Street Global Markets, stated at the Asia Securities Industry & Financial Markets Association Asset Management Conference in Singapore that current investor confidence in high-risk assets might be overly optimistic. He pointed out that investors are actively buying U.S. stocks, hedging against dollar risk exposure, and selling U.S. Treasury bonds. Evans expects U.S. inflation to gradually rise due to increases in the prices of imported and domestic goods, and he believes that '3% has become the new 2%.' He emphasized that this shift is critical for Federal Reserve policy, and if the number of rate cuts decreases, the dollar may rebound. Evans warned that in the context of persistently high policy uncertainty, market risk positions could face the danger of excessive optimism.

[Fireblocks Acquires Crypto Wallet Technology Company Dynamic Labs] Digital asset infrastructure provider Fireblocks announced the acquisition of crypto wallet technology startup Dynamic Labs, with the acquisition amount undisclosed. Dynamic Labs supports developers in integrating digital asset services into applications. Fireblocks' CEO stated that this acquisition will help the company meet the demand from large consumer enterprises for products like stablecoins. Fireblocks is headquartered in New York, with clients including BNY Mellon, Revolut, and WorldPay.

According to the large transaction indicator, the net inflow of main funds in the past 12 hours was $77.9 million, with a buy to sell ratio of 1.56:1, indicating a clear intention to go long. Especially after 17:00, there were multiple large market orders exceeding one million US dollars, concentrated in the range of $109200 to $109300, indicating that the main force is quietly attracting funds, which may drive the price up. Although the current 1-hour cycle K-line shows a decrease in trading volume, the support of the EMA24/52 moving average remains stable, and with the RSI breaking through the upward trend line, the bullish signal is double verified. Be the first to grasp the main trend, understand every key transaction, and use large transaction indicators to help you plan ahead! The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.

[WazirX to Resume Operations on October 24] Indian cryptocurrency exchange WazirX will resume operations on October 24, following a theft of tokens worth over $230 million that affected thousands of creditors. The restart has been approved by the Singapore High Court, and the restructuring plan of its parent company, Zettai Pte. Ltd., was supported by creditors earlier this year.

[Vanguard Group Increases MicroStrategy Holdings to 1.7 Million Shares] Vanguard Group's VGT ETF has added $11.2 million worth of MicroStrategy shares, bringing the total holdings to 1.7 million shares, with a market value of approximately $489.2 million. (Cointelegraph)