Bitcoin: The proportion of addresses with more than 100 BTC has dropped from 70% to 60%.

Overnight, the US stock market opened high and fell, closing down across the board, bringing the crypto market back to 19,000. Most Fed officials still support continuing to raise interest rates, but some officials believe that raising interest rates too quickly will bring risks and should not be rushed. The mainstream view is that interest rates will be raised by 75 basis points in November and December, which once again raised interest rate expectations at the end of the year, causing the market to close sharply lower, wiping out all the gains on the day of the big reversal of the US stock market. In fact, the madman believes that it is difficult for the Federal Reserve to continue to raise interest rates at a slope of 75 basis points. Neither the capital market nor the real economy can bear such a result. Most groups in the United States do not have enough deposits. Once the economy tightens and the unemployment rate rises, there is no other way except government relief. In addition, the real estate market is also a big thunder. After the super bull market of inflation, leveraged investors have increased significantly. The surge in mortgage interest rates will cause many real estate investors to continue to have negative returns, leading to a large number of sell-offs and causing a real estate crash. From another perspective, the U.S. rental market has already seen a turning point from June to July, but the way CPI is calculated in the real estate market is different, so there is a lag. The U.S. top leaders are well aware of this, and when they need to shift in the future, the decline in the core share of this part of the CPI can be taken into account. In short, it will be difficult for the Federal Reserve to continue raising interest rates at this rate, so there will definitely be an opportunity for a sharp rebound in the fourth quarter.

The UK plans to become a cryptocurrency and blockchain center. Since the new prime minister took office as a cryptocurrency supporter, the UK's blockchain industry has begun to move forward in great strides. However, for the UK, there are many more difficulties to be solved than the currency circle, so it can be regarded as one of the countries with potential for the future crypto industry.

Spanish crypto exchange Bit2Me has launched an institutional-level platform specifically for traditional institutions, especially banks, to access data, allowing them to directly provide cryptocurrency transactions to their customers without having to create a crypto exchange. This solution will greatly improve the efficiency of traditional institutions in monetizing and will also quickly bring incremental growth to the cryptocurrency circle. We expect that large global exchanges will quickly follow suit.

The International Organization of Securities Commissions believes that regulators should have the power to shut down foreign illegal crypto trading websites. This measure means that through communication, country A can ask country B to shut down exchanges registered in that country because they provide illegal services to country A. This plan feels like a fantasy. Nowadays, countries attach so much importance to taxation, but there are still a large number of countries that help the rich evade taxes. This is just that the demands and interests of each country are different, and it is difficult to achieve complete unity.

The Vice President of Nigeria believes that Nigeria can become a global leader in the digital economy. WEB3 is a brand new world. Unlike WEB1 and WEB2, WEB3 is at the same starting line. Nigeria has the conditions to become an important participant in WEB3. The national leaders can see clearly that the opportunity to overtake others through blockchain and crypto economy has come. This is why Nigeria is the African crypto center and has a leading share in Africa. The national leaders' cognition has reached an advanced level.

Brother Sun said that he will combine HECO , TRON and BTTC to create a new public chain ecosystem across Qiao. I will not comment on this matter. The hype should be over in the short term. If you want to go to the next level, you can’t just talk about it. You need some substantial implementation. It is recommended to reduce positions in HT, MDX and TRON in the short term when they are high.

USDC market value fell below $45 billion, shrinking by $6 billion in the past 30 days. The scale is still declining, institutional funds are still slowly fleeing, and the bottom needs to be polished out bit by bit.

Panic 24, extreme panic.

Bitcoin : The proportion of addresses with more than 100 BTC has dropped from 70% to 60%, indicating that large holders have significantly reduced their holdings and sold their chips to small investors and whales. The main group of people who reduced their holdings are addresses with 100-1000 BTC. Addresses with 1000-10,000 BTC have actively increased their holdings, and addresses with more than 10,000 BTC have only sold a small amount. The overall situation is still in the bottoming period, and the European and American weekends are mainly volatile.

Ethereum : Linked shocks.

AAVE : Its stablecoin GH will be deployed in the next few weeks. The test network will be conducive to the lock-in of AAVE after the stablecoin is available. It is bullish in the near term and is expected to have a small independent trend.

MKR: The protocol revenue in the third quarter was US$4 million, a decrease of 86% from the previous quarter. This decrease is relatively large, but it is still a leader among various protocols. Once the market recovers in the future, the revenue will increase significantly. Therefore, the long-term logic remains unchanged. The current position is not high, so just continue to hold.