Robinhood and Coinbase stock prices plummet, macroeconomic concerns intensify

A crypto giant whale has opened a total of $140 million in short positions in Bitcoin and XRP on the Hyperliquid platform, indicating an intensification of bearish sentiment in the market. The data shows that these short positions may reflect investors' concerns about recent market trends. The community has mixed reactions to this move, with some believing it may trigger greater volatility risks. （Decrypt）

JPMorgan Chase stated that Bitcoin is undervalued by $68000 compared to gold after its latest decline, suggesting that Bitcoin may be more attractive than gold. （Cointelegraph）

[Sprinter Completes $5.2 Million Seed Round Financing, Led by Robot Ventures] Cross-chain 'Solution-as-a-Service' infrastructure startup Sprinter has completed a $5.2 million seed round financing, led by Robot Ventures. Participating investors include A Capital, Atka Capital, Bond St Ventures, Topology, and Uniswap Labs Ventures. Angel investors include Ameen Soleimani from 0xbow, Eva Beylin from Optimism, and Chen Zituo from WAGMI Ventures.

[Trump: New Tariff Policies to Be Temporarily Suspended During Supreme Court Tariff Case Review] U.S. President Trump stated that during the Supreme Court's review of tariff-related cases, the government will not introduce new tariff measures. He emphasized that if the case does not progress smoothly, a backup plan may need to be formulated, though its implementation would be relatively slower. He also pointed out that the government still has other alternative strategies to address potential challenges related to tariff issues.

TRX's trading volume reached 82 billion units in the third quarter, setting a new quarterly high for the year. The trading volume in the spot market was 61 billion pieces, and perpetual contracts saw significant growth on some exchanges, with KuCoin increasing by 288%, Hyperliquid increasing by 278%, and Gate increasing by 180%. Despite a surge in trading volume and stable nominal liquidity, Bitget leads in the average middle price depth (1%) of the TRX USDT and TRX USD trading pairs. （CoinDesk）