[Coinbase CEO: EU fines on US tech companies exceed tax revenue, excessive regulation hinders growth] Coinbase CEO Brian Armstrong pointed out on the X platform that in 2024, the fines imposed by the EU on US tech companies will amount to €3.8 billion, while the corporate income tax paid by all publicly listed European internet tech companies during the same period is only approximately €3.2 billion. Armstrong emphasized that when fines derived from regulation exceed the normal tax revenue of the industry, it approaches predatory behavior. Policymakers must choose between generating more fines through excessive regulation or fostering economic growth, but they cannot have both.

According to AiCoin monitoring, a large amount of funds flowed out of the US spot BTC ETF market yesterday, with a net outflow of up to $60.4 million. Among them, GBTC was the largest outflow, with a daily net outflow of $44 million; Next is FBTC, with a total of 39.4 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

The ETH long position of the 'Insider Whale Who Opened Shorts After the October 11 Flash Crash' has increased to 70,001.53 ETH (valued at approximately $217 million), up by 20,000 ETH compared to the monitoring data at 8:40 AM today. The most recent addition occurred about 37 minutes ago. The current average opening price for this address is $3,068.64, with an unrealized profit of approximately $2.46 million.

[A Whale Accumulated ZEC During the '1011' Crash and Transferred to Gemini 5 Weeks Later] A whale accumulated over 18,000 ZEC, worth approximately $4.49 million, during the '1011' crash and transferred them to Gemini 5 weeks later. If sold in time, the whale was estimated to profit $6.6 million.

[Japan Financial Services Agency: Overseas Crypto ETFs Linked to CFDs Are Not Ideal for Domestic Offering] The Japan Financial Services Agency (FSA) revised its Q&A, stating that since Japan has not yet approved crypto ETFs and the investor protection environment is insufficient, derivatives such as CFDs based on overseas crypto asset ETFs are not ideal for domestic offering. The FSA pointed out that such products fall under the category of crypto derivatives, with inadequate risk disclosure and regulatory frameworks. As a result, IG Securities has announced the suspension of CFD trading based on U.S. spot Bitcoin ETFs like IBIT. Regulatory trends indicate that such products are unlikely to be liberalized in the short term.