Bitcoin at Make or Break Level as China Suspends 24% Tariff on U.S. Goods
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U.S.-China trade tensions are easing, with China suspending additional tariffs on U.S. goods.
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U.S.-China trade tensions are easing, with China suspending additional tariffs on U.S. goods.
[Kiln Integrates Chainlink CRE and ACE to Support On-Chain Yield Products] Chainlink announced that the institutional-grade on-chain asset and yield management platform Kiln has integrated Chainlink Runtime Environment (CRE) and Automated Compliance Engine (ACE). Currently, CRE has been launched on Base, serving as the coordination layer to enable the automated execution of vault logic and settlement workflows. Chainlink ACE will provide KYC requirements and policy control support for specific vaults.
[Hong Kong Police Prosecute 16 Individuals in JPEX Case, Freeze Assets Worth HK$228 Million] Hong Kong police have launched an investigation into the unlicensed operation case of the 'Greenstone Digital Asset Platform' (JPEX). Since September 2023, a total of 80 people have been arrested, including 14 core members. On November 5, the police, for the first time, prosecuted 16 individuals under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, including core members such as Lin Zuo and related KOLs. The case will be brought to the Eastern Magistrates' Court tomorrow (November 6). The accused are charged with conspiracy to defraud, money laundering, and inducing investment in virtual assets. The police have identified two fugitive masterminds and one key member, issuing red notices through Interpol. As of now, the police have frozen approximately HK$228 million in assets. The case involves over 2,700 victims, with total losses exceeding HK$1.6 billion. The investigation is ongoing, and a second round of prosecutions may follow. Victims are advised to seek compensation through civil proceedings.
[UPBIT to Launch Intuition (TRUST) Today and Support Multiple Trading Pairs] UPBIT announced that it will launch Intuition (TRUST) trading services on November 5, 2025, at 20:00 (UTC+8). The platform will support trading pairs of TRUST with Korean Won (KRW), Bitcoin (BTC), and Tether (USDT). This move further expands UPBIT's asset trading range, providing users with more options.
[Madras High Court of India Rules XRP as Property Protected by Criminal Law] The Madras High Court of India has ruled that XRP is property and confirmed that it is protected under criminal law.
**[Bitcoin Falls Below Key Support Level of $107,000, $101,000 Becomes Crucial Defense Zone]** After approximately 130 days of consolidation within the $107,000 to $123,000 range, Bitcoin recently lost the key support level of $107,000 and briefly dipped to $98,000, triggering widespread deleveraging in the futures market. On-chain data shows that approximately $640 million in long positions were liquidated in the past 24 hours, marking the second-largest single-day liquidation event since June 2021. This wave of liquidations exacerbated the market downturn, forcing high-leverage traders to exit. However, after the price hit the $98,000 low, buying pressure quickly stepped in, pulling the price back to the critical $101,000 level. This level is not only a psychological threshold but also coincides with the bottom of the long-term ascending channel that has defined the bull market structure since October 2023. Analysts suggest that if bulls can hold the $101,000 level, this correction may be seen as a buying opportunity; however, if the daily close falls below this level, it could significantly impact the bull market structure and further increase the risk of a market pullback.