News

Market Overview

The US federal government has officially shut down after the Senate failed to reach an agreement on a last-minute spending bill, with the Republicans pushing to pass a bill to extend government funding without agreeing to include the Democrats’ demands in the healthcare sector.
Eurozone inflation accelerated in September to 2.2%, in line with forecast, from 2.0% in August, as the decline in energy prices slowed amid rising services inflation, according to a flash estimate from Eurostat.
Private sector employment in the US unexpectedly decreased in September, with a loss of 32,000 jobs, according to a report released by payroll processor ADP, contrary to economists’ expectations of a 50,000 job increase.

US Spot ETF Flows

US BTC Spot ETF Flows

US ETH Spot ETF Flows

Crypto Liquidations Summary

• The phishing domains behind the compromise of BNB Chain’s X account have been tied to the notorious Inferno Drainer group by SlowMist’s Chief Security Officer, revealing a connection to a known malicious entity.
• Bullish’s crypto trading services are now available in 20 US states after receiving regulatory approval from New York’s financial regulator last month, significantly expanding the company’s reach in the United States.
• At a Senate Finance Committee hearing on cryptocurrency taxation on Wednesday, Senator Elizabeth Warren questioned witnesses about crypto industry proposals that she argued would give crypto an unfair tax advantage over traditional financial products, including a $5.8 billion de minimis exemption for transactions under $300, a $4.3 billion benefit allowing miners and stakers to defer taxes until selling, and exemptions from IRS and FinCEN reporting requirements that could hinder law enforcement’s ability to track money laundering and tax evasion.