Stablecoins Will Be Bigger Than Bitcoin

The current price of ETH is $3721.97, with a drop of 6.13% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 34.54 million US dollars, with multiple orders being the main liquidation and 7.8 million US dollars (22.59%) of ETH liquidation. The data is for reference only.

[Chen Zhi-Related Wallet Transfers Nearly $2 Billion in Bitcoin] Wallets associated with Chen Zhi, who is implicated in a $14 billion crypto fraud case, transferred nearly $2 billion in Bitcoin on Wednesday. Last week, Chen Zhi was charged by the U.S. government for involvement in large-scale cryptocurrency fraud activities, with the case involving up to $14 billion. The community has expressed concerns about the purpose and potential impact of these fund movements, and related investigations are still ongoing. (Decrypt)

[U.S. Stock Market's Three Major Indexes Close Lower, Netflix Leads Tech Stock Declines] The three major U.S. stock indexes collectively closed lower on October 23, with the Nasdaq down 0.93%, the Dow Jones Industrial Average down 0.71%, and the S&P 500 down 0.53%. Large-cap tech stocks showed mixed performance: Netflix fell more than 10%, Intel dropped over 3%, Amazon and Apple both declined by more than 1%, while Nvidia and Tesla saw slight declines. Microsoft, Google, and Meta recorded slight gains.

Binance SOL/USDT is currently trading at $179.93, with a 5-minute decline of 0.07%. Please pay attention to market fluctuations.

[U.S. Treasury Secretary Says Sanctions on Russia Will Be Significantly Increased] U.S. Treasury Secretary Besent stated that the U.S. will announce a 'significant' increase in sanctions against Russia within a day, though specific measures have not yet been disclosed. Following the announcement, international oil and gold prices rose. Additionally, the White House has canceled the recent plans for President Trump to meet with President Putin.