OKX-ETH/USDT is currently trading at $4500.60, with a decrease of 0.08% in 5 minutes. Please pay attention to market fluctuations.

BlockBeats News, October 9 — CryptoQuant stated that even though Bitcoin broke through $126,000 this week to reach a new high, the market's profit-taking levels remain relatively low. Over the past 30 days, the net realized profit of Bitcoin holders totaled 260,000 BTC (approximately $30 billion), down about 50% compared to July's 530,000 BTC ($63 billion), and far below the peaks of March and December 2024 ($78 billion and $99 billion, respectively). CryptoQuant noted that low realized profits indicate that investors are more inclined to continue holding rather than cashing out, suggesting that "Bitcoin's uptrend may persist, and the market is still some distance away from a true peak." CryptoQuant further added that, based on annual trends, net realized profits are still rising, and historically, this indicator has often been closely associated with enhanced price momentum.

OKX-OKB/USDT is currently trading at $220.36, with a 5-minute drop of 0.40%. Please be aware of market fluctuations.

1. The minutes of the Federal Reserve meeting suggest that the balance sheet reduction is nearing its end 2. The minutes of the Federal Reserve meeting support the majority of those who do not cut interest rates 3. Polymarket founder becomes youngest self-made billionaire 4. Coinbase launches cryptocurrency staking service in New York State 5. UK establishes positions to promote tokenization of financial markets 6. Japanese listed company Lib Work purchases 29.64 bitcoins for the first time 7. Fisvev supports North Dakota to issue US dollar stablecoins 8. Three whales accumulate approximately 2333 BTC in 12 hours The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/491744

[On This Day in History: Trump Announces Israel-Hamas Peace Agreement] Golden Finance review: Trump once posted on Truth Social announcing the signing of the first-phase peace agreement between Israel and Hamas. The agreement included the release of all hostages and the withdrawal of Israeli troops to the agreed line. Trump thanked Qatar, Egypt, and Turkey for their mediation efforts, calling it a historic event.

[Farcaster Adds Support for BNB Chain] Decentralized social protocol Farcaster has announced integration with BNB Chain, having previously supported Ethereum as well as multiple Layer 2 and sidechains. Co-founder Dan Romero stated that the goal is to support significant assets and chains, enabling low-cost cross-chain exchanges. Farcaster was founded in 2020 by former Coinbase executives and is dedicated to building a decentralized social application ecosystem.

[CZ: Unable to Completely Avoid Meme Content, Any Association with Memes is Purely Coincidental] According to a report by Golden Finance, CZ (Binance CEO) stated in a tweet that he had tried to avoid involving meme-related content in his tweets but found that the prevalence of memes made writing feel unnatural. He will now continue tweeting as usual, and any overlap with memes is purely coincidental and not an endorsement of memes.

[Coinbase Launches Crypto Staking Services in New York State] Coinbase announced the official launch of crypto staking services in New York State, ending years of regulatory restrictions that prevented the company from offering related services to local users. New York State users can now stake major crypto assets through the Coinbase platform, including Ethereum (ETH), Solana (SOL), Cosmos (ATOM), Cardano (ADA), Avalanche (AVAX), Polygon (MATIC), and Polkadot (DOT). Previously, Coinbase reached a $100 million settlement agreement in 2023 with Adrienne Harris, the former head of the New York State Department of Financial Services. The company stated that this move allows New York State residents to enjoy staking rewards consistent with users in other states, further promoting the adoption and application of crypto assets.

[Canary Trump Coin ETF Listed on DTCC] Canary Trump Coin ETF is now officially listed on the Depository Trust & Clearing Corporation (DTCC) in the United States.

[UK Establishes Position to Promote Tokenization of Financial Markets] The UK government will establish the position of 'Head of Digital Markets,' responsible for coordinating private sector efforts in the tokenization of wholesale financial markets. Economic Secretary to the Treasury Lucy Rigby stated that this role will drive the application of blockchain technology to enable the tokenized issuance, trading, and settlement of traditional assets such as stocks and bonds.

Bitget IP/USDT perpetual trading volume surged 34 times in 10 minutes, with a turnover of 5.49 million US dollars in the past 24 hours, a decrease of 0.86% 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

[Federal Reserve Meeting Minutes: Majority Likely Oppose Rate Cuts] According to 'Federal Reserve mouthpiece' Nick Timiraos, the Fed meeting minutes indicate that the number of people supporting keeping interest rates unchanged may exceed those advocating for a half-percentage-point rate cut.

[Both U.S. Party Funding Proposals Fail, Government Deeply Trapped in Shutdown Deadlock] Reported by Golden Finance, on Wednesday, the U.S. Senate once again rejected funding bills proposed by both the Republican and Democratic parties, failing to end the government shutdown that has lasted for eight days, with no signs of resolution in sight. In a 54-45 vote, the Senate failed to advance the temporary funding bill led by Republicans, which was originally intended to fund the government until late November. Another alternative funding bill supported by Democrats was also rejected in a 47-52 vote. Three Democratic senators who had previously supported the Republican proposal once again sided with Republicans in Wednesday's vote. Kentucky Republican Senator Rand Paul, however, stood with Democrats again, opposing the Republican proposal. Both competing temporary funding measures have failed to pass in the previous five votes.

OKX-BTC/USDT is currently trading at $124000, with a 5-minute increase of 0.02%. Please be aware of market fluctuations.

[The Federal Reserve's Overnight Reverse Repurchase Agreement (RRP) Usage on Wednesday Reached $5.231 Billion] According to Golden Finance, the Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Wednesday reached $5.231 billion, compared to $4.622 billion on the previous trading day (the lowest since April 2021).

[Binance Updates Proof of Reserves, BTC Reserve Ratio Reaches 103.50%] Binance released the latest proof of reserves (snapshot date: October 1), showing BTC reserve ratio at 103.50%, USDT at 106.87%, ETH at 100.00%, and BNB at 112.44%.

[Fed Meeting Minutes May Hint at Balance Sheet Reduction Nearing End] October 9 news: The Federal Reserve's September meeting minutes may reveal that officials are considering ending the balance sheet reduction plan. Citi economists pointed out that tightening financing conditions and the balance sheet size may have approached target levels, with increased short-term interest rate volatility possibly prompting officials to discuss the possibility of ending the reduction.

The Fiserv-powered U.S. dollar stablecoin will be available to local banks and credit unions, joining crypto experiments by U.S. states.

Also: Ethereum Fusaka Upgrade on Holesky, DoubleZero Goes Live and Bee Maps Raises $42M.

[Musk Reaches Settlement with Former Twitter Executives Over Severance Pay Lawsuit] On October 9, Musk's X Corp reached a settlement with four former Twitter executives regarding a $128 million severance pay dispute. These executives had previously filed a lawsuit over unpaid severance. The specific terms of the settlement have not been disclosed, and related documents were made public last week in federal court in San Francisco. The case submission deadline and hearing were postponed to October 1 to finalize the settlement.