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The Federal Reserve's Payment Innovation Conference on October 21 will cover four major topics, including tokenization, DeFi, stablecoin use cases, and more.
Jinse Finance reported that the Federal Reserve will hold a payments innovation conference today local time. According to previous official disclosures, this conference will bring together a range of stakeholders to jointly explore how to further innovate and improve payment systems, and to hear from those dedicated to shaping the future of payments. According to previous official disclosures, the conference will feature panel discussions on several aspects of payment innovation, mainly covering four major topics: the integration of traditional finance and decentralized finance (DeFi), emerging stablecoin use cases and business models, the intersection of artificial intelligence and payments, and the tokenization of financial products and services.
Jinse Finance reported that the Federal Reserve will hold a payments innovation conference today local time. According to previous official disclosures, this conference will bring together a range of stakeholders to jointly explore how to further innovate and improve payment systems, and to hear from those dedicated to shaping the future of payments. According to previous official disclosures, the conference will feature panel discussions on several aspects of payment innovation, mainly covering four major topics: the integration of traditional finance and decentralized finance (DeFi), emerging stablecoin use cases and business models, the intersection of artificial intelligence and payments, and the tokenization of financial products and services.
Bank of Japan Deputy Governor: Stablecoins may become key participants in the payment system, partially replacing bank deposits
Jinse Finance reported that Bank of Japan Deputy Governor Shinichi Himino recently stated that stablecoins could become key participants in the global payment system, partially replacing the role of bank deposits. Half of the assets in the global financial system are held by non-bank financial institutions. Regulators have already done a lot of work in these areas, but there is still much work to be done. (Golden Ten Data)
Jinse Finance reported that Bank of Japan Deputy Governor Shinichi Himino recently stated that stablecoins could become key participants in the global payment system, partially replacing the role of bank deposits. Half of the assets in the global financial system are held by non-bank financial institutions. Regulators have already done a lot of work in these areas, but there is still much work to be done. (Golden Ten Data)
Solana ecosystem DEX aggregator Titan reaches approximately $3 billion in cumulative trading volume one month after launch
According to ChainCatcher, Solana ecosystem DEX aggregator Titan stated in a post that its app trading volume has approached $3 billion (excluding API) since its launch one month ago. Titan is a DEX aggregator based on Solana, focusing on optimizing liquidity, enhancing user experience, and security.
Public information shows that Titan has completed two rounds of financing, raising a total of $10.5 million. Participating institutions and angel investors include Galaxy Ventures, Mirana Ventures, Anatoly Yakovenko, and others.
According to ChainCatcher, Solana ecosystem DEX aggregator Titan stated in a post that its app trading volume has approached $3 billion (excluding API) since its launch one month ago. Titan is a DEX aggregator based on Solana, focusing on optimizing liquidity, enhancing user experience, and security.
Public information shows that Titan has completed two rounds of financing, raising a total of $10.5 million. Participating institutions and angel investors include Galaxy Ventures, Mirana Ventures, Anatoly Yakovenko, and others.
Aster tops the trading volume ranking among perpetual contract DEXs, with a 24-hour trading volume reaching $10.6 billion.
Jinse Finance reported, citing market sources: Aster ranked first in trading volume among perpetual contract decentralized exchanges (DEX), with a 24-hour trading volume reaching $10.6 billions, followed by Lighter with a trading volume of $10.1 billions, and Hyperliquid with a trading volume of $8 billions.
Jinse Finance reported, citing market sources: Aster ranked first in trading volume among perpetual contract decentralized exchanges (DEX), with a 24-hour trading volume reaching $10.6 billions, followed by Lighter with a trading volume of $10.1 billions, and Hyperliquid with a trading volume of $8 billions.
Over $74 million in liquidations across the entire network in the past hour, mainly long positions
Jinse Finance reported that data shows that in the past hour, the total liquidation across the network reached $74.687 million, with long positions liquidated at $67.267 million and short positions at $7.42 million, mainly long liquidations. Among them, ETH liquidations amounted to $22.2045 million, and BTC liquidations reached $28.9298 million.
Jinse Finance reported that data shows that in the past hour, the total liquidation across the network reached $74.687 million, with long positions liquidated at $67.267 million and short positions at $7.42 million, mainly long liquidations. Among them, ETH liquidations amounted to $22.2045 million, and BTC liquidations reached $28.9298 million.
Data: Bitcoin spot ETF saw a total net outflow of $40.4683 million yesterday, marking four consecutive days of net outflows.
ChainCatcher News: According to SoSoValue data, the total net outflow of Bitcoin spot ETFs yesterday (October 20, Eastern Time) was $40.4683 million.
The Bitcoin spot ETF with the highest single-day net inflow yesterday was VanEck ETF HODL, with a single-day net inflow of $21.1598 million. Currently, HODL's historical total net inflow has reached $1.305 billion.
Next was Bitwise ETF BITB, with a single-day net inflow of $12.052 million. Currently, BITB's historical total net inflow has reached $2.366 billion.
The Bitcoin spot ETF with the highest single-day net outflow yesterday was Blackrock ETF IBIT, with a single-day net outflow of $101 million. Currently, IBIT's historical total net inflow has reached $64.881 billion.
As of press time, the total net asset value of Bitcoin spot ETFs is $149.663 billion, and the ETF net asset ratio (market value as a percentage of Bitcoin's total market value) has reached 6.76%. The historical cumulative net inflow has reached $61.498 billion.
ChainCatcher News: According to SoSoValue data, the total net outflow of Bitcoin spot ETFs yesterday (October 20, Eastern Time) was $40.4683 million.
The Bitcoin spot ETF with the highest single-day net inflow yesterday was VanEck ETF HODL, with a single-day net inflow of $21.1598 million. Currently, HODL's historical total net inflow has reached $1.305 billion.
Next was Bitwise ETF BITB, with a single-day net inflow of $12.052 million. Currently, BITB's historical total net inflow has reached $2.366 billion.
The Bitcoin spot ETF with the highest single-day net outflow yesterday was Blackrock ETF IBIT, with a single-day net outflow of $101 million. Currently, IBIT's historical total net inflow has reached $64.881 billion.
As of press time, the total net asset value of Bitcoin spot ETFs is $149.663 billion, and the ETF net asset ratio (market value as a percentage of Bitcoin's total market value) has reached 6.76%. The historical cumulative net inflow has reached $61.498 billion.
Dalin Holdings plans to raise HK$956 million through a share placement to support bitcoin mining and other businesses.
According to ChainCatcher, as announced by the Hong Kong Stock Exchange, Deli Holdings has announced a placement of 255 million shares by way of top-up placement, accounting for approximately 15.15% of the company's existing issued share capital and about 13.16% of the enlarged issued share capital. The placement price represents a discount of about 11.34% compared to the previous closing price of HKD 3.44 per share.
It is reported that Deli Holdings has entered into a subscription agreement with the subscriber Evergreen Wealth Investment Limited, under which it will allot and issue up to 63.803 million new shares to the subscriber. The total net proceeds will reach HKD 956 million, which will be used to strengthen its bitcoin mining and digital reserve business, as well as for development and investment.
According to ChainCatcher, as announced by the Hong Kong Stock Exchange, Deli Holdings has announced a placement of 255 million shares by way of top-up placement, accounting for approximately 15.15% of the company's existing issued share capital and about 13.16% of the enlarged issued share capital. The placement price represents a discount of about 11.34% compared to the previous closing price of HKD 3.44 per share.
It is reported that Deli Holdings has entered into a subscription agreement with the subscriber Evergreen Wealth Investment Limited, under which it will allot and issue up to 63.803 million new shares to the subscriber. The total net proceeds will reach HKD 956 million, which will be used to strengthen its bitcoin mining and digital reserve business, as well as for development and investment.
If Bitcoin falls below $107,000, the cumulative long liquidation intensity on major CEXs will reach $531 million.
ChainCatcher news, according to Coinglass data, if bitcoin falls below $107,000, the cumulative long liquidation intensity on major CEXs will reach $531 million. Conversely, if bitcoin breaks through $109,000, the cumulative short liquidation intensity on major CEXs will reach $390 million.
Note: The liquidation chart does not display the exact number of contracts pending liquidation, nor the precise value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters. Therefore, the chart demonstrates the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.
ChainCatcher news, according to Coinglass data, if bitcoin falls below $107,000, the cumulative long liquidation intensity on major CEXs will reach $531 million. Conversely, if bitcoin breaks through $109,000, the cumulative short liquidation intensity on major CEXs will reach $390 million.
Note: The liquidation chart does not display the exact number of contracts pending liquidation, nor the precise value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters. Therefore, the chart demonstrates the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.
Data: The current Crypto Fear & Greed Index is 33, indicating a state of fear.
ChainCatcher news, according to Coinglass data, the current Crypto Fear & Greed Index is 33, up 5 points from yesterday. The 7-day average is 28, and the 30-day average is 45.
ChainCatcher news, according to Coinglass data, the current Crypto Fear & Greed Index is 33, up 5 points from yesterday. The 7-day average is 28, and the 30-day average is 45.
10x Research: Diminished purchasing power of digital treasury companies and whale sell-offs are limiting Bitcoin's upside
Jinse Finance reported that 10x Research posted on X, stating that Bitcoin's significant consolidation will not last forever. Bitcoin's performance is not driven by cycles, but rather by how much new capital enters the market to offset the capital exiting. Unlike gold, Bitcoin's price depends more on the actual net new demand flowing into the asset, rather than interest rate expectations. The current market narrative is mainly shaped by two dominant crypto themes. The core theme is that Digital Asset Treasury companies are running out of purchasing power, while the selling pressure from traditional holders is temporarily limiting Bitcoin's upside potential. We have long anticipated that Bitcoin's volatility would contract after the momentum brought by the US GENIUS Act fades, causing the market to enter an "air pocket" during Congress's summer recess. The slowdown in news flow is expected to suppress volatility, compress the net asset value of Bitcoin treasury companies, and limit aggressive stock placements and additional Bitcoin purchases by companies like MicroStrategy, thereby naturally restricting Bitcoin's upside. When these analyses were published, digital asset treasury companies were still considered untouchable, praised by service provider research teams, and amplified by media coverage—long before the market began to recognize the vulnerabilities we had identified. MicroStrategy now only purchases tens of millions of dollars at a time, rather than billions—this scale is too small to convince investors that new capital is driving Bitcoin's next rally. The second narrative limiting Bitcoin's upside is that the market realizes traditional wallets are selling billions of dollars worth of Bitcoin—essentially selling into ETF demand. Since June, our analysis shows that the selling volume from these traditional holders has only matched the absorption capacity of ETFs and new market entrants, which has prevented a market crash but created a new equilibrium. In this environment, Bitcoin's volatility is destined to decline—the optimal strategy is to sell volatility, as the price is likely to remain range-bound.
Jinse Finance reported that 10x Research posted on X, stating that Bitcoin's significant consolidation will not last forever. Bitcoin's performance is not driven by cycles, but rather by how much new capital enters the market to offset the capital exiting. Unlike gold, Bitcoin's price depends more on the actual net new demand flowing into the asset, rather than interest rate expectations. The current market narrative is mainly shaped by two dominant crypto themes. The core theme is that Digital Asset Treasury companies are running out of purchasing power, while the selling pressure from traditional holders is temporarily limiting Bitcoin's upside potential. We have long anticipated that Bitcoin's volatility would contract after the momentum brought by the US GENIUS Act fades, causing the market to enter an "air pocket" during Congress's summer recess. The slowdown in news flow is expected to suppress volatility, compress the net asset value of Bitcoin treasury companies, and limit aggressive stock placements and additional Bitcoin purchases by companies like MicroStrategy, thereby naturally restricting Bitcoin's upside. When these analyses were published, digital asset treasury companies were still considered untouchable, praised by service provider research teams, and amplified by media coverage—long before the market began to recognize the vulnerabilities we had identified. MicroStrategy now only purchases tens of millions of dollars at a time, rather than billions—this scale is too small to convince investors that new capital is driving Bitcoin's next rally. The second narrative limiting Bitcoin's upside is that the market realizes traditional wallets are selling billions of dollars worth of Bitcoin—essentially selling into ETF demand. Since June, our analysis shows that the selling volume from these traditional holders has only matched the absorption capacity of ETFs and new market entrants, which has prevented a market crash but created a new equilibrium. In this environment, Bitcoin's volatility is destined to decline—the optimal strategy is to sell volatility, as the price is likely to remain range-bound.