Bitcoin Falls Below $108K Amid $320M Liquidations as Excess Leverage Gets Flushed Out

Click on the link to enter the meeting: https://meeting.tencent.com/p/7277739262 On October 21st, the news in the cryptocurrency market mainly focused on severe market fluctuations, important regulatory meetings, and positive institutional dynamics. The important news worth paying attention to at the regulatory level today may have an impact on the medium and long-term development of the industry. 1. The Federal Reserve held a "Payment Innovation Conference" today, focusing on the application of stability ratios in the payment field, tokenization of financial assets, and how artificial intelligence can rewrite payment rules. 2. Japan plans to relax restrictions on banks' involvement in cryptocurrency assets: There are reports that the Japan Financial Services Agency is studying allowing local banks to hold and trade cryptocurrencies such as Bitcoin. The live broadcast room is currently teaching how to make orders and learn technical indicators based on the message surface Tencent Meeting Live: 727-773-9262 QQ group number: 936313157 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

The Nasdaq-listed firm made its first ether purchase since August as the crypto correction weighs on digital asset treasuries.

[German aifinyo Company Holds €3 Million Worth of Bitcoin] The German publicly listed Bitcoin financial company aifinyo has announced that it currently holds €3 million worth of Bitcoin. The company plans to use future profits and proceeds from capital increases to further purchase Bitcoin, aiming to expand its digital asset holdings.

[Ocean Protocol Allegedly Sells Over $100 Million in Community Tokens, On-Chain Activity Sparks Controversy] Blockchain analytics platform Bubblemaps revealed that the Ocean Protocol team wallet allegedly sold over $100 million worth of community tokens. In March 2024, Ocean Protocol collaborated with Fetch AI and SingularityNET under the ASI Alliance framework, merging into a single token, FET. OCEAN tokens could be exchanged for FET at a fixed rate. However, after the merger, the Ocean Protocol team wallet retained a large amount of OCEAN tokens, claiming they were for 'community incentives' and 'data mining.' On July 1, the wallet exchanged 661 million OCEAN tokens for 286 million FET tokens (approximately $191 million) and subsequently transferred 90 million FET tokens to OTC provider GSR Markets. On August 31, the wallet further dispersed the remaining 196 million FET tokens across 30 new addresses. As of October 14, nearly all funds had been transferred to Binance or an OTC provider, totaling approximately 270 million FET tokens. On October 9, Ocean Protocol announced its withdrawal from the ASI Alliance but did not provide reasons or address the transferred tokens. The Fetch AI team accused Ocean Protocol of selling community tokens, while Ocean Protocol's CEO denied the allegations, calling them 'baseless rumors.' Bubblemaps stated it could not confirm whether the tokens were sold but noted that on-chain activity from the related wallet typically aligns with liquidation behavior. The incident has been made public for community investigation, and Ocean Protocol has yet to issue an official response.

[Trump Says Allies Are Willing to Send Heavy Troops to Gaza] On October 21, U.S. President Trump stated that allies have expressed their willingness to send heavy troops to the Gaza region if needed.