At the opening of the US stock market, the Nasdaq fell more than 44 points

[Machi Big Brother's ETH Long Position Nears Liquidation Price, Unrealized Loss of $344,000] The ETH price is only $27.92 away from Machi Big Brother's liquidation price of $3,201.08. Currently, Machi Big Brother holds an ETH long position worth approximately $35.8 million, with an unrealized loss of $344,000, nearing the loss of the profit taken early this morning.

[U.S. Charges Canadian Man with Orchestrating $42 Million Crypto Investment Scam and Arrests Him in the UK] U.S. prosecutors have charged Canadian citizen Nathan Gauvin with orchestrating a fraud scheme exceeding $42 million through the Discord platform, claiming investments in traditional finance and cryptocurrency. Between May 2022 and October 2024, Gauvin allegedly persuaded users to invest in funds under Gray Digital Capital Management Inc., falsely promising returns of up to 4,384%. In reality, he misappropriated the funds for personal expenses and Ponzi payments, while also fabricating documents to obtain $800,000 in credit. Authorities arrested Gauvin in the UK on Wednesday, and the U.S. SEC simultaneously filed securities fraud charges against him.

CryptoQuant data shows seller exhaustion as whales pull back from exchanges, while traders prepare for a closely watched BOJ meeting that could influence global liquidity.

OKX-BTC/USDT is currently trading at $89982.40, with a 5-minute drop of 0.23%. Please be aware of the market fluctuations.

[Minoru Kihara: Closely monitoring the impact of U.S. financial conditions on Japan's economy after the Fed's rate cut] Japan's Chief Cabinet Secretary Minoru Kihara stated that they are closely monitoring the potential impact of U.S. financial conditions on Japan's economy following the Federal Reserve's rate cut.