Bitcoin is back below $81,000 as Fed rate uncertainty weighs

Arthur Hayes stated that if the collapse of AI trading triggers a trillion dollar market rescue, it will benefit Bitcoin and Ethereum, and recommends going long on BTC and ETH.

Arthur Hayes stated on the X platform that he is unsure whether AI related assets will experience a sharp decline and is unwilling to bet on their direction of rise or fall. He is more inclined to trade around the expected trillion dollar bailout and expresses a bullish stance on BTC and ETH.

[Upbit Announces Listing of PUFFER/KRW] Upbit has announced the addition of PUFFER/KRW to multiple services, including spot trading, officially launching on 2024-10-15 at 22:00 (UTC+8). Notes: - Only Ethereum network deposits and withdrawals are supported. Using other networks will result in asset loss. - Deposits and withdrawals must be made using a personally verified wallet and are subject to Travel Rule restrictions, supporting only whitelisted exchanges. - Within 20 business days after the launch, the single withdrawal limit is tokens equivalent to 100 million KRW.

EQX Labs has launched EQX products on Hyperliquid's HyperCore, issuing tokenized US stocks and ETFs using the HIP-1 token standard, supporting 24/7 trading. The EQX token is fully backed 1:1 by stocks managed by Alpaca, StoneX, and ClearStreet, and traders only need to pay the Hyperliquid standard spot handling fee. The EQX token is issued by EQX SPC Ltd in the British Virgin Islands and adopts an independent trust structure. Authorized participants can maintain the token price close to the underlying US stock net value through an arbitrage mechanism.

Ether accounted for nearly 60% of the forced closures across the two largest cryptocurrencies, falling roughly twice as much as bitcoin.