Bitcoin price rises above 200-day moving average, breaking the bearish trend ahead of the US midterm elections.

Nearly $11 billion left the exchange over 46 hours, although CEO Richard Teng said hourly deposits were beginning to exceed withdrawals.

[Aave Labs and Other Organizations Disagree with the Crypto Innovation Council on Crypto Vault Regulation] Aave Labs, the Kamino Foundation, and Veda Tech Labs filed a report with the U.S. Securities and Exchange Commission arguing that non-custodial vaults, under certain structures, do not necessarily constitute co-investment projects or investment companies. The framework proposed by the Crypto Innovation Council, along with Bitwise, Galaxy, and Morpho, emphasizes the degree of control individuals have over investment decisions and assets. Aave Labs and other organizations point out that vault managers who provide paid investment advice on securities may still be subject to investment advisory laws.

Fox Business reporters noted that DeFi participants disagree on the level of human control required for DeFi to qualify as an SEC-regulated investment product. This discussion comes as the SEC releases its decentralization guidance and the Clarity Act faces obstacles in the US Congress.

BlackRock transferred 7,244 BTC (approximately $558.62 million) and 63,600 ETH (approximately $143.63 million) to Coinbase Prime in the past hour, for a total value of approximately $702.3 million.

Binance founder CZ stated that industry participants need to increase the application of AI technology in the field of security protection and establish unified standards to collaboratively address security threats. CZ is willing to promote the establishment of an industry alliance aimed at building a more comprehensive security system.