**[Galaxy Digital Research Head: Structural Bull Market for Cryptocurrencies Remains Solid, Three Key Factors May Drive the Next Rally]** Galaxy Digital Research Head Alex Thorn stated that the structural bull market for cryptocurrencies and the stock market remains solid, highlighting three key factors—AI capital expenditure, stablecoins, and tokenization—as potential drivers of the next rally. Thorn emphasized that AI capital expenditure is being driven by well-funded enterprises and policy support, forming a capital expenditure cycle in the real economy rather than a replay of the internet bubble. Regarding stablecoins, the enhanced payment channels, liquidity, and on-chain activity of dollar-pegged tokens will further propel market development. As for tokenization, the on-chain transfer of real-world assets and traditional market infrastructure is transitioning from the pilot phase to implementation, creating demand for block space and related core assets. Despite uncertainties in fiscal and monetary policies, Thorn remains optimistic about Bitcoin's status as "digital gold" and believes that major cryptocurrencies like ETH and SOL will benefit from the growth of stablecoins and tokenization.

[South Korean Investors Bet on Leveraged VIX to Hedge U.S. Stock Market Risks] Jin10 News, October 19 – South Korean investors are actively investing in leveraged VIX futures ETFs to hedge against the risks of high valuations in the U.S. stock market. Since the beginning of this year, the 2x long VIX futures ETF has attracted approximately $130 million in inflows, making it one of the most popular U.S. stock ETFs among South Korean investors. Data shows that the fund ranked seventh in purchase volume in July, accounting for about one-fifth of global inflows. As U.S. stock valuations approach historical highs and market sell-off concerns intensify, South Korean retail investors are adjusting their investment strategies.

1. The probability of the Federal Reserve cutting interest rates by 25 basis points this month is 99% 2. The Chairman of the US SEC stated that the US cryptocurrency industry is ten years behind and attracting innovation is the top priority 3. Japan plans to allow banks to invest in cryptocurrency assets and lower the cryptocurrency tax rate to 20% 4. Thailand and Singapore investigate Cambodian Crown Prince Holding Group and collaborate with the United States 5. European Central Bank President calls for the establishment of local digital asset markets to maintain financial stability 6. YouTube star MrBeast company applies for cryptocurrency related trademark 7. UK tax authorities issue 65000 reminder letters to cryptocurrency tax defaulters 8. 400 million USDC transferred from unknown wallets The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/494214

[U.S. Treasury's Bitcoin Reserve Scale Grows by 64%] Galaxy Research reports that since March this year, the U.S. government has authorized the Treasury to include seized digital assets into strategic Bitcoin reserves. Recently, due to the confiscation of Prince Group assets, the reserve scale grew by 64% overnight, accounting for approximately 3.5% of U.S. gold reserves in dollar terms.

[Japan Plans to Allow Banks to Invest in Crypto Assets and Reduce Crypto Tax Rate to 20%] The Financial Services Agency (FSA) of Japan recently announced a series of draft reforms related to cryptocurrencies, proposing to significantly lower the tax rate on cryptocurrency trading income from a maximum of 55% to 20%, and allow investors to carry forward losses from crypto assets to future years. Additionally, the reforms may include policy adjustments to permit banks to invest in crypto assets. These measures aim to promote the development of the cryptocurrency industry while enhancing Japan's competitiveness in the global crypto market.

The 4-hour cycle shows that the ETH price continues to run below EMA24 and EMA52, and member indicators have detected that trading volume has continuously shrunk to 27% of the average level, indicating a significant decrease in market buying willingness. At the same time, the convergence of the KDJ indicator suggests that the current downward momentum may weaken, but the distribution of chips shows that a strong resistance band is formed in the area of 4128-4105 above, and caution should be exercised against further price declines. The current 3827-3804 area is a key support, and if it cannot effectively stabilize, further downward testing may occur. The membership function accurately captures the main flow of funds and helps you plan ahead. Activate membership now to access key trends and precise location analysis! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.

[European Central Bank President Calls for Establishing Local Digital Asset Market] European Central Bank President Piero Cipollone stated that Europe needs to establish its own digital asset market to maintain financial stability. He supports the use of the digital euro for daily payments and warns that deposit flows toward foreign tokens could weaken banks and monetary policy. He also mentioned that although stablecoins facilitate cross-border payments, Europe already provides fast and secure central bank fund transfer services.

[UK Tax Authority Sends 65,000 Letters to Crypto Tax Defaulters] According to the Financial Times, the UK tax authority has sent approximately 65,000 reminder letters to individuals suspected of owing cryptocurrency taxes, more than double the number compared to last year. The UK stipulates that the sale, exchange, or consumption of cryptocurrencies is generally subject to capital gains tax, while staking rewards and airdrops are considered income and subject to taxation.

OKX-ETH/USDT is currently trading at $3900.78, with a 0.08% increase in 5 minutes. Please be aware of market fluctuations.

The application includes language related to crypto and Web3, such as managing financial services, downloadable software, and SaaS tools for managing crypto-related functionality.

Bitget LDO/USDT's perpetual trading volume surged 25 times within 10 minutes, with a turnover of 3.14 million US dollars in the past 24 hours, an increase of 1.30% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

In an X post, Ripple's Stuart Alderoty said two recent New York Times pieces wrongly cast crypto as only a tool for crime and corruption.

The token's price action is driven partly by Coinbase considering BNB for a listing and China Merchants Bank International tokenizing a MMF on the BNB Chain.

The proposed rule change relies on Nasdaq's vague understanding of how the Depository Trust Company (DTC) would handle post-trade settlement for these tokens.

Binance ASTER is currently priced at $1.16, with a 24-hour increase of 9.43%. 24-hour transaction volume of 1.6 billion US dollars, a decrease of 41.09%, for reference only

[400 million USDC transferred to an unknown wallet] According to WhaleAlert monitoring, approximately 400 million USDC (equivalent to about $399 million) has been transferred from one unknown wallet to another unknown wallet.

[The probability of the Federal Reserve cutting interest rates by 25 basis points in October reaches 99%] According to CME 'FedWatch' data, as of October 18, the probability of the Federal Reserve cutting interest rates by 25 basis points this month is 99%, while the probability of a 50 basis point cut is 1%.

[Main Password: Futu Holdings plans to launch DeFi platform, with main players trading $100 million to bet on this direction] The main large order is displayed on the K line in the form of a horizontal line, the thicker the line means the larger the pending order amount, and the longer the line represents the longer the pending order time

[OKX Founder Star: Refuses to Cooperate with Influencers on Pump-and-Dump Schemes] OKX Founder and CEO Star stated on the X platform that OKX will not cooperate with or condone influencers engaging in pump-and-dump operations. He emphasized that the platform adheres to principles of neutrality and transparency, striving to create a fair and secure market environment. He pointed out that sacrificing retail investors' interests for short-term traffic or individual profits is not OKX's mission, and reminded users to invest cautiously and respond rationally to market fluctuations.

[Thai and Singapore Investigate Cambodia's Prince Holding Group Sanctioned by the US and UK] According to Bloomberg, Thailand and Singapore are investigating Cambodia's Prince Holding Group, whose chairman has been sanctioned by the US and UK for alleged fraud and money laundering. Thailand's Cyber Crime Investigation Bureau will collaborate with the US to review asset seizure procedures, while Singapore police stated they are investigating the case and maintaining contact with international law enforcement agencies.