10x Research: It is expected that Bitcoin will reach a new high and a significant increase is imminent

[‘10·11 Short Whale’ Deposits 200 BTC to Kraken] ‘10·11 Short Whale’ deposited 200 BTC to Kraken exchange, valued at approximately $22.5 million. Since October, this address has deposited a total of 11,271 BTC to Kraken, Binance, Coinbase, and Hyperliquid, with a total value of approximately $1.28 billion.

[Federal Reserve Voting Members Show Divergence on Rate Cut Path] Federal Reserve voting members this year have shown clear differences regarding future interest rate policies. Some officials, such as Milan, support a 50 basis point rate cut in October, while Chair Powell emphasizes strong economic data performance and advocates for cautious policy adjustments. Meanwhile, Waller and Bowman anticipate two more rate cuts by the end of the year, but Mussailem and Schmid hold a conservative stance on further rate cuts, arguing that the current focus should be on inflation risks. This internal divergence highlights the complexity faced by the Federal Reserve in addressing economic and inflationary pressures. (UTC+8)

[Aave Horizon RWA Market Size Surpasses $425 Million] On-chain analyst Ali stated that the Aave Horizon RWA market size has surpassed $425 million. Recent growth mainly comes from SuperstateInc's Crypto Carry Fund (USCC), whose market size has exceeded $180 million. The total borrowing activity in this market has surpassed $110 million, with RLUSD borrowings amounting to $64 million, GHO at $29 million, and USDC at $16 million. The borrowing rate for RLUSD is below 3%, while the rates for GHO and USDC are slightly above 4%, with USDC rates further influenced by additional incentives on Merkl.

[Upbit to Implement Unfair Trading Prevention Measures System on November 3, 2025] Upbit announced that it will implement an unfair trading prevention measures system starting Monday, November 3, 2025, to promote the healthy development of the virtual asset market. This system is based on the 'Virtual Asset User Protection Act' and DAXA's 'Real-Time Monitoring Guidelines for Abnormal Transactions,' aiming to identify suspected unfair trading behaviors in advance and prevent transactions that may affect market fairness. All virtual asset exchanges will operate daily monitoring systems based on unfair trading identification standards. Users are advised to avoid engaging in related types of transactions, as they may face service restrictions or suspensions.

[Unsecured Lending Protocol 3Jane to Launch Mainnet in Early November] The unsecured credit lending protocol 3Jane has announced plans to launch its mainnet in early November. Initially, it will provide permissionless funding support for USD3 and sUSD3, with an initial lending cap of approximately $50 million. During the early phase, the service will only be available to U.S. residents with total assets exceeding $150,000. Once fully launched, 3Jane will cover over 50 categories of crypto-native assets and more than 10,000 decentralized finance (DeFi) protocols, involving crypto assets with a total value exceeding $250 billion. Previously, 3Jane completed a $5.2 million seed funding round in June this year, led by Paradigm.