Venus Labs to Compensate Users Affected by WBETH Depegging

[Jack Dorsey Proposes Tax-Free Micro Bitcoin Payments to Promote Everyday Use] Twitter founder Jack Dorsey has proposed making micro Bitcoin payments tax-free to encourage their adoption in daily transactions. He believes this move will reduce the burden on users and promote Bitcoin's use as a global payment tool. (Cointelegraph)

[Regularization of the Shenzhen-Hong Kong Cross-Border Data Verification Platform Using Blockchain Technology] Deputy Chief Executive of the Hong Kong Monetary Authority, Howard Lee, stated that the 'Cross-Border Credit Information Sharing' pilot program will be regularized in 2024, covering the Guangdong-Hong Kong-Macao Greater Bay Area, with initial trials in Hong Kong and Shenzhen. The Shenzhen-Hong Kong Cross-Border Data Verification Platform utilizes blockchain technology, with one node set up in each region. Users can upload encrypted hash codes to enable the lawful cross-border transfer of data. Pilot participants include seven banks such as HSBC, Standard Chartered, and Bank of China (Hong Kong), as well as three credit reporting agencies.

[Michael Saylor May Hint at Another Bitcoin Purchase] On October 12, Strategy founder Michael Saylor once again shared information related to the Bitcoin Tracker. Based on past patterns, Strategy typically announces additional Bitcoin purchases the day after releasing such information.

[Analysis Suggests '10.11 Flash Crash' Impact May Take Weeks to Manifest] Odaily Planet Daily reports that while the crypto market has partially rebounded after the '10.11 Flash Crash,' the full impact may take days or even weeks to become apparent. Parataxis CEO Edward Chin predicts that news of fund liquidations or market makers suffering losses may emerge in the future; Orbit Markets Co-Founder Caroline Mauron believes Bitcoin's key support level is at $100,000, and a breach would signal the end of the three-year bull market; Kronos Research CIO Vincent Liu stated that this crash was triggered by tariff concerns, amplified by institutional high leverage, reflecting the close correlation between the crypto market and the macroeconomy.

OKX-OKB/USDT is currently trading at $179.68, with a 5-minute increase of 0.83%. Please be aware of market fluctuations.