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SOLBTC and SOLETH remain bullish for me and think they have bottomed. Thesis remains the same as in video i did in June breaking it down in detail Based on this, SOL would be the better longs than btc and eth till proven otherwise
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SOLBTC and SOLETH remain bullish for me and think they have bottomed. Thesis remains the same as in video i did in June breaking it down in detail Based on this, SOL would be the better longs than btc and eth till proven otherwise
[U.S. Federal Court Issues Preliminary Injunction to Block Illinois Regulation of Kalshi Sports Contracts] Judge Pacold of the U.S. District Court for the Northern District of Illinois has issued a preliminary injunction in a lawsuit involving Coinbase, Kalshi, the U.S. Commodity Futures Trading Commission (CFTC), and Illinois Attorney General Kwame Raoul. The injunction prevents Illinois from classifying Kalshi's sports event contracts as gambling for regulatory purposes. The judge stated that Kalshi's event contracts fall under the definition of swap contracts as outlined in the Commodity Exchange Act, over which the CFTC has exclusive jurisdiction. This federal law takes precedence over Illinois' sports gambling regulations. The court has requested both parties to submit briefs regarding the dispute over fees, and a final ruling has not yet been made.
A certain whale recharged 6595.2 ETH to Coinbase, worth approximately 17.57 million US dollars. Among them, 6500 ETH were withdrawn from the exchange at an average price of $3040.4 between June and August 2025, with a floating loss of over $9.557 million during that period. After holding ETH for about a year, the giant whale is suspected of taking a stop loss and leaving, with an expected loss of 2.443 million US dollars and a 12.3% decrease in assets.
[Escalation of Middle East Geopolitical Tensions, 22 Million People Globally Face Food Insecurity] On October 3, tensions in the Middle East escalated as the Saudi-led coalition intercepted and destroyed three ballistic missiles launched by Houthi forces and planned an offensive to break the blockade of the Red Sea shipping lanes. The Houthi forces disclosed that Saudi Arabia had carried out 94 airstrikes and missile attacks on Yemen in the past 24 hours, bringing the total to 1,350. The Iranian Revolutionary Guard stated it is prepared to respond to threats. U.S. President Trump remarked that Iran's situation is unfavorable, and the U.S. is deploying additional Patriot systems to Saudi Arabia and Qatar in preparation. Pakistan's Foreign Minister noted that political engagement with the Houthi forces will be discussed next week. The United Nations has warned that the worsening situation in the Middle East could lead to an additional 22 million people globally facing food insecurity. (Source: Jinsix Data)
Michael Saylor, Executive Chairman of Strategy, stated that the company raises funds through issuing stocks or selling positions to pay dividends in US dollars, with the preferred stock STRC currently having an annualized dividend yield of 12%. Strategy proposes to change the dividend to be accumulated on a calendar day basis, with the regular dividend rate and total amount unchanged. Shareholders will vote on October 28th. If the proposal is approved, the first registration date for STRC will be November 1st, and the first payment will be made on November 2nd. (Source: Bitcoin.com News)
[U.S. September Nonfarm Payrolls Increase by 29,000, G7 Plans to Release 100 Million Barrels of Oil and Gas Reserves] U.S. nonfarm payrolls increased by 29,000 in September, while the unemployment rate rose to 4.2%. Federal Reserve official Logan suggested at least a 50 basis point rate hike. NVIDIA's stock price hit a record high, with its market capitalization approaching $6 trillion, and the Philadelphia Semiconductor Index reached a three-month high. The G7 decided to release 100 million barrels of diesel and crude oil reserves within four months. Russia is considering partially lifting diesel export restrictions, and President Trump stated that a diesel export ban will not be implemented. The Middle East situation has disrupted Iran's expansion plans, and OPEC+ has postponed its oil capacity assessment. (Source: Jin10) AI Analysis: The significant slowdown in nonfarm payroll growth and the rise in the unemployment rate directly reveal that the U.S. labor market is undergoing substantial cooling. Weak employment data has undermined the momentum of economic expansion, forcing the market to reassess the Federal Reserve's policy trajectory. Although officials' rhetoric leans hawkish, the deterioration of the labor market has become a core factor constraining the room for rate hikes. This data performance will significantly suppress tightening expectations and prompt a flow of funds into safe-haven assets to address the risks of economic slowdown.