Powell: The labor market has shown significant downside risks, and action that is too slow may result in labor market pressures.

On October 15th, Ki Young Ju, the CEO of CryptoQuant, released data showing that the majority of Bitcoin futures traders at present are retail investors. The average order size has declined from $6000 earlier this year to $2000.

On October 15th, OKX CEO Star took to the X platform and stated that the Huione Group has had a substantial negative influence in the cryptocurrency field. Due to its potential risks, OKX has implemented relevant control measures for transactions involving this group. All cryptocurrency deposit or withdrawal transactions related to Huione will be subject to compliance investigations. Based on the investigation results, the platform may take measures such as freezing funds or terminating accounts.

On October 15th, Yi Lihua, the founder of Liquid Capital (formerly LD Capital), posted, saying, "We remain optimistic in the long term (about the crypto market), while there are risks in the short term. After the interest rate cut expectations emerged last night, the market did not experience a strong rebound. In the short term, it is not suitable to hold high-leverage long or short positions. Let's continue to wait for the great opportunity after clarity." I hope that after this extreme test, platforms should shoulder greater responsibilities and take more measures to achieve a balance and protect users. The market is ruthless, and there is not so much conspiracy. Strengthening awareness and implementing good risk control are your best core competitiveness.

October 15: On the eve of Federal Reserve Chairman Powell's upcoming "Economic Outlook and Monetary Policy" speech, the global market witnessed a rare turmoil. Risk assets and safe-haven assets surged simultaneously, and the intense volatility in the cryptocurrency market rapidly escalated panic. The liquidation map indicates that BTC has formed a dense liquidation zone within the range of $114K to $111K, suggesting an imbalance in the market liquidity structure. It is necessary to observe the direction of fund reallocation after the liquidation. On a macro level, Powell's speech will serve as a watershed in this round of risk-off sentiment. The futures market anticipates a 25-basis-point rate cut in October and December with probabilities of 97% and 89% respectively, indicating that investors have almost fully bet on the continuation of loose monetary policy. If Powell sends a hawkish signal, it may trigger a new round of risk asset sell-offs; conversely, if the tone is more dovish,

On October 15th, as per LookOnChain's monitoring, Solv Protocol made a deposit of 500 Bitcoins into Binance half an hour ago.

On October 15th, the crypto-native tipping protocol Noice announced that it had raised funds in June of this year through a Simple Agreement for Future Equity (SAFE) and a token subscription warrant from the Base ecosystem fund Coinbase Ventures and Network School (Balaji), with the specific amount remaining undisclosed. NOICE is a crypto-native tipping protocol that allows for seamless microtransactions through social interactions on Farcaster, integrating Web3 incentives with content creation.