BTC falls below the $112000 mark

[U.S. Senate to Review Crypto Tax Policies, SEC and CFTC to Jointly Discuss Regulation] The U.S. Senate Finance Committee will hold a hearing on October 1 to explore digital asset tax policies. Institutions such as Coinbase will testify, potentially driving the modernization of crypto market taxation. Additionally, the SEC and CFTC will hold a joint roundtable on September 29 to discuss regulatory coordination, investor protection, and other topics. The rare collaboration between the two major agencies is seen as a signal of institutionalization in the crypto market. On the capital side, Solana Treasury Company announced a $25 million funding round to expand digital asset allocation. Technologically, Ethereum co-founder Vitalik revealed that the Fusaka upgrade will introduce a new data solution to advance scalability efforts. 4E reminds that policy and technological breakthroughs will impact the market, but short-term uncertainties remain, requiring cautious investment.

[Australia Plans to Require Crypto Companies to Hold Financial Services Licenses] Australia intends to incorporate crypto companies into the existing financial product regulatory framework. According to the draft proposal, these companies will be required to hold financial services licenses.

The current price of ETH is $4031.89, with a decrease of 2.90% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 222 million US dollars, with the main liquidation being multiple orders and ETH liquidation being 67.55 million US dollars (30.32%). The data is for reference only.

[Whale Address Buys Nearly 24,000 ETH Within 15 Hours] On September 25, according to Ember monitoring, whale address 0x1fc...ed5 accumulated a purchase of 23,997 ETH over the past 15 hours, with a total amount of approximately $96.36 million and an average price of $4,078 per ETH. The address first withdrew 2,400 ETH from Binance, then redeemed approximately $87.86 million worth of stablecoins on the Pendle platform to purchase 21,597 ETH. This operation occurred during an ETH price pullback, indicating a large-scale bottom-fishing intention.

[A Whale Liquidated as Ethereum Falls Below $4,000, Total Loss Exceeds $45.3 Million] BlockBeats News, September 25, according to monitoring by Lookonchain, a whale was liquidated as Ethereum fell below $4,000. Their entire long position of 9,152 ETH ($36.4 million) was fully liquidated. Their total loss now exceeds $45.3 million, with the account balance falling below $500,000.