BTC falls below the $111000 mark

According to AiCoin monitoring, the net outflow of US spot BTC ETF reached $471 million yesterday, the highest daily net outflow since October 21st. Among them, FBTC had the largest outflow of funds, reaching 164 million US dollars; Next is ARKB, with an outflow of $144 million. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

[Wanbi Bitcoin Ancient Whale Owen Gunden Transfers 395.8 BTC to Kraken] On October 30, Wanbi Bitcoin ancient whale Owen Gunden transferred 395.8 BTC to Kraken, valued at approximately $43.55 million.

[IQ and Frax Launch KRW-Pegged Stablecoin KRWQ on Base Network] IQ and Frax have announced the launch of KRWQ, a stablecoin pegged to the South Korean won (KRW). This token has become the first KRW-pegged stablecoin on Coinbase's Ethereum Layer 2 network, Base. KRWQ adopts LayerZero's Omnichain Fungible Token (OFT) standard and enables multi-chain transfers through the Stargate cross-chain bridge. Additionally, KRWQ is the first KRW-pegged stablecoin to support multi-chain operations. IQ stated that the design of KRWQ draws on Frax's regulatory compliance experience in developing the frxUSD stablecoin to support institutional adoption and due diligence. Since South Korea has not yet established regulations for stablecoins, KRWQ is not marketed or offered to South Korean residents, and its minting and redemption are limited to eligible counterparties, including exchanges, market makers, and institutional partners.

[U.S. Prosecutors: Crypto Policy-Making Authority Should Be Controlled by Congress, Not Courts] In a trial involving a $25 million MEV (Maximal Extractable Value) bot case, U.S. prosecutors countered disputes related to digital asset policies, emphasizing that the authority to formulate cryptocurrency policies should rest with Congress rather than be led by the judiciary. Prosecutors argued that Congress, as the legislative body, is better suited to establish a comprehensive regulatory framework for crypto to ensure the legitimacy and authority of such policies. This case highlights the ongoing debate over the allocation of regulatory authority in the crypto industry.

[Unknown Contract on Base Chain Attacked, Losses Approximately $219,000] BlockSec monitoring shows that an unknown contract on the Base chain was attacked, resulting in a loss of approximately $219,000 (55 ETH). The cause of the attack is suspected to be improper access control, which allowed arbitrary calls to the transferFrom function, leading to the theft of assets authorized by the victim.