BTC breaks through the $115000 mark

OKX-ETH/USDT is currently trading at $4198.98, with a 5-minute increase of 0.36%. Please be aware of market fluctuations.

[CZ Confirms Trump Signed Pardon Order, Will Focus on YZi Labs Investment Business] Binance founder Changpeng Zhao (CZ) confirmed on October 25 that U.S. President Trump has signed a pardon order for him. Changpeng Zhao stated that he will focus on the investment business of his family office, YZi Labs, in the future and has been invited to serve as a crypto industry advisor to multiple heads of government.

Bitcoin cleared $112,000 on heavy volume and hovered near $114,500 late Sunday (UTC), while CoinGlass showed $319M of short positions liquidated over 24 hours.

[CITIC Securities: Waller May Succeed as Fed Chair, Potentially Sparking Independence Controversy] CITIC Securities' research report pointed out that U.S. President Trump is in the process of selecting the next Federal Reserve Chair, with the main candidates being Waller and Hassett. The report analyzes that Trump may weigh a balance between 'most suitable' and 'most obedient' during the selection process. Although market data currently shows Hassett in the lead, Trump's trust in Waller may ultimately lead to his victory. If Waller takes over, the Federal Reserve's independence may face challenges, which could benefit U.S. dollar assets and negatively impact gold, while the market may lower its expectations for a rate cut in 2026. If Hassett wins, the market may revisit concerns over the Federal Reserve's independence, putting pressure on U.S. dollar assets, benefiting gold, and raising expectations for a rate cut next year.

[40x Short Bitcoin Whale Faces Unrealized Loss of Nearly $3.245 Million, Only $2,000 Away from Liquidation Price] The whale holding a 40x short position on Bitcoin is currently facing an unrealized loss of nearly $3.245 million. As Bitcoin's price continues to rise, its liquidation price is $116,914.8, now only $2,000 away.