Foreign Media: Binance Hires Trump Ally to Lobby the White House, Pays $450,000 for January Work

On October 28th, Morgan Stanley announced that it is predicted that the Federal Reserve will lower interest rates for the second time this week by 25 basis points, causing the federal funds rate to reach 3.75%-4.00%. (FXStreet)

On October 28th. Simon Gerovich, the CEO of Metaplanet, a Bitcoin Treasury company in Japan, stated in a social media post that Metaplanet has launched a stock repurchase plan in order to enhance capital efficiency and maximize BTC returns. The board has also given approval to a credit arrangement, which enables the flexible implementation of the company's capital allocation strategy. According to the disclosed documents, in order to facilitate the execution of the repurchase plan, the board has approved the establishment of a credit arrangement with a maximum financing amount of $5 billion (approximately 764 billion yen). This arrangement allows the company to promptly obtain funds by providing Bitcoin as collateral as required. The raised funds can be used to increase BTC holdings, invest in BTC revenue-generating businesses, or conduct stock buybacks.

On October 28th, Cosmos YU, the founder of SlowMist, posted on social media indicating that the ownership of the 402bridge contract had been altered. It seemed to be due to key theft, but an insider job could not be ruled out (this statement does not suggest collective wrongdoing by the project team as it is not a typical rug pull). Just two days after its registration, 402bridge.fun has already stopped operating. Subsequently, the "hacker" went on to steal in bulk all the USDC authorized to the users of this bridge contract. This is the first publicly known theft case related to the services of the 402 protocol.

On October 28th, according to SoSoValue data, yesterday (October 27th, in US Eastern Time), there was a total net inflow of $134 million in Ethereum spot ETFs. The Ethereum spot ETF with the highest net inflow yesterday was the Blackrock ETF ETHA, with a daily net inflow of $72,490,400, bringing the total historical net inflow of ETHA to $14,226 billion. Following it is the Bitwise ETF ETHW, with a daily net inflow of $22,592,300, bringing the total historical net inflow of ETHW to $430 million. As of the time of writing, the total net asset value of the Ethereum spot ETF is $28,354 billion, and the ETF net asset ratio (market value as a percentage of the total Ethereum market value) is 5.69%. The total historical net inflow has reached $14,487 billion.

On October 28th, according to the monitoring of HyperInsight (accessible via https://t.me/HyperInsight), within the past 1 hour, a whale whose address begins with 0x960 closed its 15x leveraged long positions in BTC and ETH and exited the market. The whale closed the positions at $4,109 for ETH and $113,900 for BTC, resulting in a total loss of approximately $1.06 million. After the liquidation, the whale transferred the funds to a spot account to achieve breakeven. It is reported that within the past 16 hours, the address first deposited 3.72 million USDC into Hyperliquid. Subsequently, it opened a BTC long position with a nominal value of $27.7 million and an ETH long position with a nominal value of $20.3 million, both at 15x leverage.

On October 28th, according to SoSoValue data, yesterday (October 27th in U.S. Eastern Time), the total net inflow of Bitcoin spot ETF was $149 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was the ARKB ETF from Ark Invest and 21Shares. It had a single-day net inflow of $76.401 million, bringing the total historical net inflow of ARKB to $2.187 billion. Next was the iShares (BlackRock) IBIT ETF, with a single-day net inflow of $65.266 million, making the total historical net inflow of IBIT reach $65.371 billion. As of the time of this writing, the total net asset value of the Bitcoin spot ETF is $155.888 billion, with an ETF net asset ratio (market value as a percentage of the total Bitcoin market value) of 6.83%, and a total cumulative net inflow of $62.134 billion.