CZ: Building a Prediction Market-specific Oracle Might Be Worth a Try

On October 18th, US President Trump said, "We are having a very good relationship with China."

On October 18th, David Sacks, the Director of Cryptocurrency and Artificial Intelligence at the White House and the "Crypto Tsar", stated that currently, the GDP growth rate of the US is as high as 3.9%, with artificial intelligence accounting for 40% of it. Politicians are quick to make grand gestures and pander by attacking technology. But the real question is whether they want a 4% growth rate or a 2% growth rate.

On October 18th, according to Coinglass data, as the market experienced repeated fluctuations, the total value of liquidations in the past 24 hours soared to 1.02 billion USD. The total value of long liquidations was 711 million USD, and the total value of short liquidations was 309 million USD. According to HTX market data, today Bitcoin hit a low of 103,529 USD, which is the lowest price since early July. In particular, Bitcoin liquidated 351 million USD, with long liquidations at 230 million USD and short liquidations at 121 million USD; Ethereum liquidated 258 million USD, with long liquidations at 170 million USD and short liquidations at 87.38 million USD.

On October 18th, based on market data, both spot gold and silver experienced a decline. Spot gold dropped below $4200 per ounce, with a decrease of more than 3% within 24 hours; spot silver fell below $51 per ounce, with an intraday drop of nearly 6%.

On October 18th, as per the monitoring of LookOnChain, the wallet 'bc1ql7c' emerged from a three-year dormancy and has just transferred all 6,500 BTC (valued at $6.94 billion) to a new address. These 6,500 BTC were originally obtained from Ivanov (Bilyuchenko) three years ago. Ivanov (also known as Bilyuchenko) is a Russian cryptocurrency entrepreneur who is accused of co-founding the BTC-e and WEX exchanges and laundering hundreds of thousands of bitcoins stolen from Mt. Gox.

On October 18th, Federal Reserve's Mester stated: The impact of tariffs is still being transmitted to the economy. Tariffs will permeate through the economy and continue until mid-next year. Retailers are experiencing increasing pressure due to the pass-through of tariffs. Inflation remains a very significant issue for consumers. It is essential for the Federal Reserve to bring the inflation rate back to 2%. I am firmly committed to the 2% (inflation) target and believe that the Federal Reserve is also supportive of this goal. (FXStreet)