BTC falls below the $84000 mark

Bitget ASTER/USDT's perpetual trading volume surged 9 times within 10 minutes, with a turnover of 42.48 million US dollars in the past 24 hours, a decrease of 3.58% 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

The current BTC price is around 110500, above the key support level of 110513.5 in the chip distribution, but the trading volume has severely shrunk to 25% after the last 10 cycles, and market interest has significantly weakened. According to the membership indicators, the MACD bar chart has continuously decreased and the downward momentum has increased, verifying the signal of strong market wait-and-see sentiment. On the candlestick chart, the latest 90 minute cycle shows a combination of a hammer head and a cross star, indicating a tug of war between long and short forces. However, the price still runs above the EMA24/52 moving average, and the overall trend is still upward. If it falls below the support of 110513.5, it may accelerate its descent to the strong support of 106806. The membership function accurately captures the flow of funds and key support, helping you plan ahead! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.

[Coinbase Suggests U.S. Treasury Optimize Anti-Money Laundering Rules Through Technological Innovation] Coinbase has submitted a 30-page opinion letter to the U.S. Treasury, highlighting outdated and inefficient issues within the Bank Secrecy Act (BSA) and related regulations, which also increase the risk of data breaches. The company recommends establishing a 'safe harbor' for AI- and API-based compliance monitoring tools, while recognizing decentralized IDs and zero-knowledge proofs as innovative methods for customer verification. Additionally, it advocates for promoting on-chain analysis methods like 'Know Your Transaction' (KYT) to replace traditional suspicious activity reports. Coinbase also proposes strengthening public-private sector collaboration through regulatory sandbox mechanisms, focusing on practical outcomes, and reducing the submission of low-value reports. This proposal stands in stark contrast to the recent DeFi regulatory draft introduced by Senate Democrats, which has been criticized for potentially 'effectively banning' DeFi and wallet development.

[11th U.S. Senate Appropriations Bill Vote Fails, Government Shutdown Continues] On October 20, the U.S. Senate held its 11th vote on the government appropriations bill, failing to reach the 60-vote threshold required for passage, with the result being 50 votes in favor and 43 against. The U.S. government shutdown, which began on October 1, continues, and the bill was originally intended to extend government funding until November 21.

[Probability of the Federal Reserve Cutting Rates by 25 Basis Points in October Reaches 99.4%] CME data shows that the probability of the Federal Reserve cutting rates by 25 basis points in October is 99.4%, while the probability of maintaining rates unchanged is 0.6%. Additionally, the probability of a cumulative rate cut of 50 basis points by December is 98.6%, and the probability of a cumulative rate cut of 75 basis points is 0.9%.