What happened last night on the crypto market?



• The Ethereum validator exit queue has reached an all-time high of 910,461 ETH (approximately 3.91 billion dollars)

• The FBI reported $5.8 billion in losses related to crypto fraud in 2024, but the actual figure could be twice as high.

• The South Korean city of Jeju has begun seizing the crypto assets of nearly 3,000 tax evaders for a total of 14.2 million dollars.

• Goldman Sachs expects three rate cuts by the Fed by the end of 2025 due to a weakened labor market.

• Over 83 million dollars were liquidated in one hour, including 81.53 million on long positions.

• The U.S. Treasury has launched a public consultation until October 17 on the GENIUS Act aimed at better detecting illicit activities related to digital assets.

• The OCC has allowed community banks to collaborate with stablecoin issuing companies to innovate in local financial services.

• Strategy (ex MicroStrategy) plans to sell its shares at a discounted price to buy Bitcoin and cover its operating expenses.

• VanEck maintains its forecast: Bitcoin could reach 180,000 dollars by the end of 2025 according to its latest report.

• Chamath Palihapitiya has filed for a $250 million SPAC targeting energy, AI, DeFi, and defense.

• ETHZilla is now listed on NASDAQ under the ticker $ETHZ: it holds 94,675 ETH and 187 million dollars in cash.

• BTCS announces an exceptional dividend in ETH (0.40 dollars per share ) and a loyalty payment to counter short sellers.

• An early Ethereum investor moved his 334.7 ETH purchased in 2014 for just 104 dollars — now valued at around 1.48 million dollars.

• Wallets holding between 10 and 10,000 BTC have accumulated over 20,000 BTC since the recent pullback — totaling over 225,000 BTC since March.

• The SEC has postponed its decision regarding the proposed Dogecoin spot ETF by Grayscale.

• According to Tom Lee, Ethereum would be the intersection between Wall Street and artificial intelligence according to his recent statements.

• Figure Technology announces a revenue increase of (+22 %) in the first half in its IPO filing in the United States.

• It has been exactly seventeen years since Satoshi Nakamoto launched the site
LA-6.22%
ETH-0.16%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)