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Bitcoin fell below $108,000 amid macro uncertainty.

Ahead of the Xi–Trump meeting scheduled in South Korea at the end of this month, investors are de-risking, increasing volatility.

Altcoins such as ETH·BNB·SOL also declined, and there were outflows from spot BTC·ETH ETFs.

Fear & Greed Index 29 (Fear). Market attention is focused on Friday CPI and the Fed 25bp cut probability of 98.9%.

The Block

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Telo News - Crypto | DeFi | Web3
Bitcoin fell below $108,000 amid macro uncertainty. Ahead of the Xi–Trump meeting scheduled in South Korea at the end of this month, investors are de-risking, increasing volatility. Altcoins such as ETH·BNB·SOL also declined, and there were outflows…
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Base pushes for private stablecoin trading

Brian Armstrong, CEO, said that Coinbase’s Layer 2, Base, is preparing private transactions. Whether KYC will be required has not been disclosed.

CoinTelegraph

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Ethereum Foundation transfers 160k ETH

Analytics firm Arkham reported that the Foundation sent 160,000 ETH (about $654 million) to a wallet previously used for sales.

The Foundation’s Hsiao-Wei Wang described it as a scheduled wallet migration.

The Block

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On prediction markets, the likelihood that the U.S. government shutdown will last beyond 40 days has increased.

Polymarket points to an end around November 15, while Kalshi indicates an average of 41.6 days (November 11).

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The Hong Kong SFC approved ChinaAMC's spot Solana ETF(3460) on October 17.

This product will be listed on HKEX on October 27.

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Hyperliquid Strategies aims to raise up to $1 billion by issuing 160 million shares

Hyperliquid Strategies has filed a registration statement (S-1) with the SEC. Through a public offering, it seeks to raise up to $1 billion and will issue up to 160 million shares.

The company is the Sonnet BioTherapeutics–Rorschach I merger entity and is expected to list on Nasdaq under a new ticker.

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Breaking News: Insider Whale has closed his short position, locking in $6.4 million in profit.

He is currently in 2nd place on the Hyperliquid leaderboard, with a PNL of $99M.

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2025/10/23 17:29:52
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