Mars Morning News | $692 million liquidated across the network in the past 24 hours; Fed rate cut pace may switch between "fast-slow-fast"

Data: $692 million liquidated across the network in the past 24 hours, with $527 million in long positions and $165 million in short positions liquidated

Mars Finance reports, according to Coinglass data, $692 million was liquidated across the network in the past 24 hours, with $527 million in long positions and $165 million in short positions liquidated. Among them, bitcoin long positions were liquidated for $122 million, bitcoin short positions for $69.6784 million, ethereum long positions for $153 million, and ethereum short positions for $33.5213 million. In addition, in the past 24 hours, a total of 181,482 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD, valued at $11.6058 million.

CICC: The Fed's rate cut pace may switch between "fast-slow-fast"

Mars Finance reports, according to Golden Ten Data, a CICC research report states that the Fed's rate cut cycle may be divided into three stages: "fast-slow-fast." The first stage is Q4 2025, with a rapid pace of rate cuts, possibly 3-4 consecutive cuts; the first half of 2026 is the second stage, with a slower pace of rate cuts. As inflation continues to rise, the Fed may need to rebalance the risks of declining growth and rising inflation, making it unable to continue rapid rate cuts and possibly stopping "quantitative tightening" to calm financial markets. The second half of the year is the third stage, with the pace of rate cuts accelerating again.

ZEC breaks through $217, nearly tripling since Naval's call

Mars Finance reports, on October 10, according to market data, ZEC broke through $217, currently quoted at $217.02, with a 24-hour increase of 21.2%. Previously, well-known angel investor Naval stated on October 1 that "ZCash is insurance against bitcoin." Since then, ZEC has started to surge, with a nearly 298.1% increase over the past two weeks.

US SEC provides regulatory relief for IPO companies during government shutdown

Mars Finance reports, the US Securities and Exchange Commission (SEC) issued guidance on Thursday to provide regulatory relief for companies planning to go public affected by the government shutdown. Under the new rules, companies launching an initial public offering (IPO) during the shutdown do not need to include a specific offering price in documents submitted to the SEC, a requirement that is usually a key part of the IPO process. Previously, IPO documents typically required strict review by SEC staff to check for possible misstatements or unclear disclosures. This temporary measure aims to help companies stuck in regulatory limbo due to the shutdown continue their listing process and mitigate the negative impact of the government closure on capital markets.

US Democrats propose putting high-risk DeFi protocols on "restricted list"

Mars Finance reports, according to Cointelegraph, Democratic members of the US Senate Banking Committee on Thursday proposed a crypto regulatory opposition bill, suggesting authorizing the Treasury Department to put decentralized finance (DeFi) protocols deemed too risky on a "restricted list," with the use of such protocols considered a crime. The proposal also requires KYC rules for crypto application frontends (including non-custodial wallets) and weakens legal protections for crypto developers. Crypto lawyer Jake Chervinsky criticized that this proposal "is not regulating crypto, but banning crypto," and could undermine the bipartisan support previously gained by the CLARITY Act, which passed the House by a vote of 294-134. Chamber of Digital Commerce Vice President Zunera Mazhar said such harsh measures would push innovation overseas rather than address actual risks. The proposal stands in stark contrast to the bipartisan Responsible Financial Innovation Act (RFIA) draft, which aims to provide more protection for crypto developers and reduce SEC regulatory overreach.

Deutsche Bank: Central banks may include bitcoin and gold as key reserves before 2030

Mars Finance reports, according to Bloomberg, Deutsche Bank said that central banks may include bitcoin and gold as key reserves before 2030. The research points out that after the financial crisis, central banks became net buyers of gold, and currently global central banks hold more than 36,000 tons of gold; the share of the US dollar in global reserves has dropped from 60% in 2000 to 41% in 2025, driving net inflows of $5 billion and $4.7 billion into gold and bitcoin ETFs, respectively, in June. The report states that digital assets should "complement" fiat currencies and emphasizes that bitcoin will not replace the US dollar; JPMorgan also estimates that stablecoins may bring an additional $1.4 trillion in US dollar demand by 2027.

US Bureau of Labor Statistics likely to release CPI report during shutdown

Mars Finance reports, on October 10, according to The New York Times, a US government source said that despite the federal government shutdown, the US Bureau of Labor Statistics is still preparing to release September's CPI data, but the specific release time is not yet clear, though it is almost certain not to be the originally scheduled October 15. The agency has stopped all operations during the funding interruption and therefore failed to release the nonfarm payroll report as originally planned last week. According to government sources, the bureau has begun recalling some employees to complete the report. The decision to release the data appears to be related to the annual Social Security cost adjustment process. The adjustment is based on third-quarter inflation data, so a delay in the release of September price data may delay the announcement of the cost-of-living adjustment. Other foreign media also report that the Bureau of Labor Statistics plans to release September's CPI data by the end of the month. "View original text"

Suspected BitMine address received 23,823 ETH worth $103.96 million two hours ago

Mars Finance reports, on October 10, according to Onchain Lens monitoring, a newly created wallet received 23,823 ETH from BitGo, worth $103.96 million, and may belong to BitMine.

Whale/institution hoarding $133 million ASTER may have sold 14.06 million ASTER in the past three days

Mars Finance reports, on October 10, according to on-chain analyst Ai Aunt (@ai_9684xtpa), a whale/institution address hoarding $133 million in ASTER has allegedly sold 14.06 million ASTER (about $28.2 million) in the past three days, while the token price has also fallen 29.6% from its high. The address's most recent transfer to a CEX was 9 hours ago, transferring $1.96 million in tokens, and currently still holds $50.47 million in tokens (85.3 million ASTER) on-chain.

Whale who reduced ethereum holdings three weeks ago suspected to have fully exited, may incur $373,000 loss

Mars Finance reports, on October 10, according to on-chain analyst @ai_9684xtpa, a large holder who opened an ETH position at $4,480 three weeks ago is suspected to have capitulated and fully exited, having deposited all 2,507 ETH into Binance four hours ago, worth $10.86 million. If sold, this would result in a loss of $373,000.

Sources: US bipartisan market structure bill negotiations stalled

Mars Finance reports, on October 10, according to crypto journalist Eleanor Terrett, behind-the-scenes disputes between US Senate Democrats and Republicans over a leaked Democratic DeFi regulatory proposal have stalled bipartisan market structure bill negotiations and may further delay the bill's passage date.

Bitcoin rebounds with reduced volume this morning, regains $120,000 mark

Mars Finance reports, on October 10, according to market data, after briefly falling below $120,000, bitcoin rebounded with reduced volume this morning, regaining the $120,000 mark, currently quoted at $121,470, with a 24-hour increase of 0.26%.