ETH falls below the $3900 mark

Bitget SPX/USDT's perpetual trading volume surged fivefold within 10 minutes, with a turnover of 5.73 million US dollars in the past 24 hours, a decrease of 4.12% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[Ethereum Foundation Transfers 160,000 ETH] On October 22, the Ethereum Foundation transferred 160,000 ETH between internal wallets, with a total value of approximately $654 million.

1. Trump announces that Federal Reserve Chairman Powell is about to resign 2. Most analysts predict that the Federal Reserve will cut interest rates by 25 basis points on October 29th 3. US President Trump announces that tariffs on China will rise to 155% 4. The Federal Reserve proposes to launch a "streamlined moderator account" or accelerate the admission of cryptocurrency institutions 5. Zerensky said Ukraine was ready to end the Russia-Ukraine conflict and sign a defense agreement 6. Coinbase acquires cryptocurrency investment platform Echo for $375 million 7. POSCO in South Korea completes cross-border transfer pilot of JPMorgan Chase blockchain 8. Glassnode reports a 30% decrease in open Bitcoin contracts, reducing leverage risk The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/494832

[U.S. Government Shutdown Spurs Safe-Haven Demand, Treasury Yields May Continue to Decline] U.S. Treasury yields continue to fall, with the 30-year Treasury yield dropping to a six-month low. As the U.S. government shutdown approaches the second longest in history, concerns in the credit market are intensifying, and trade tensions are escalating, prompting traders to turn to safe-haven assets. Data shows that the cost of options betting on a sharp drop in yields is rising rapidly, and market demand for U.S. Treasuries is driving the overall yield curve downward. Strategists recommend tactically going long on U.S. Treasuries to respond to the current market trend.

[Decrypt: Kadena Organization Shutdown Leads to KDA Token Plunge] The Kadena organization announced its closure, but the blockchain developed by former JP Morgan employees will continue to operate. Following this news, the price of Kadena's native token KDA dropped significantly. Kadena had previously garnered attention for its high-performance blockchain technology, but this shutdown has raised concerns within the community about the project's future uncertainty. (Decrypt)