BTC falls below the $111000 mark

[U.S. Crypto Legislation Discussions Stalled, Industry Strongly Opposes] Discussions on the Responsible Financial Innovation Act (RFIA) by the U.S. Senate Banking Committee have stalled due to a counterproposal submitted by Democrats. The proposal imposes strict restrictions on decentralized finance (DeFi) protocols, sparking strong opposition from the blockchain industry. The CEO of the Blockchain Association warned that this move would hinder the development of decentralized applications, while the legal officer of investment fund Variant criticized the proposal as unconstitutional. Currently, Democrats and Republicans are blaming each other over amendments to the bill, and negotiations have been suspended.

[LTP Receives Principle Approval from Dubai Virtual Assets Regulatory Authority] Global institutional-grade broker LTP announced that its Dubai subsidiary, Liquidity Fintech FZE, has received principle approval (IPA) as a Virtual Asset Service Provider from the Dubai Virtual Assets Regulatory Authority (VARA). This move will support LTP in expanding its regulated business in the UAE and enable the subsidiary to provide virtual asset brokerage services to qualified and institutional investors in the Middle East.

[BlackRock CEO: Asset Tokenization Process Still in Early Stages] BlackRock CEO Larry Fink stated that the process of asset tokenization is still in its early stages. He believes that digitizing and tokenizing assets through blockchain technology will bring greater efficiency and transparency to financial markets. This trend could have a profound impact on the traditional financial system, but it will still take time to refine the relevant technologies and regulatory frameworks.

OKX-BTC/USDT is currently trading at $109924.90, with a 5-minute decline of 0.41%. Please be aware of the market fluctuations.

OKX has announced the addition of Yield Basis (YB) to multiple services, including spot trading and futures contracts, officially launching on 2025-10-15 at 19:00 (UTC+8). Notes: - Market orders will be prohibited for the first 5 minutes of YB spot trading, with a maximum net position limit of $10,000 per user. - Pre-market contracts will be converted into standard perpetual contracts within 3 hours starting from 19:00 on October 15, 2025. - During the final 5 minutes of the auction, only limit orders will be allowed, and modifications or cancellations of orders will not be permitted.