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AiCoin Daily Report (October 23)

AiCoin Daily Report (October 23)

AICoinAICoin2025/10/23 17:06
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By:AiCoin

1. U.S. Democrats Warn Government Shutdown May Exacerbate Crypto Market Risks, Call for Thorough Investigation of Insider Trading

Maxine Waters, the Democratic leader of the U.S. House Financial Services Committee, warned on the 21st day of the government shutdown that President Trump and Congressional Republicans' failure to establish an appropriate regulatory framework for cryptocurrencies will increase market risks. She pointed out that the crypto market flash crash on October 10 caused investors to lose billions of dollars and sparked calls for an investigation into insider trading. An analyst found that a certain wallet deposited millions of dollars into the Hyperliquid decentralized exchange before the crash and profited about $150 million through leveraged short positions. Waters called on the SEC and CFTC to thoroughly investigate related activities, but due to the government shutdown, regulatory agencies are paralyzed, exposing investors to higher risks. Similar crash events may spread to the traditional financial sector even faster in the future. -Original

2. EU Approves 19th Round of Sanctions Against Russia, Adds Multiple Restrictions

On October 22, EU member states passed the 19th round of sanctions against Russia. Measures include banning the import of Russian liquefied natural gas, restricting travel for Russian diplomats, and adding 117 "shadow fleet" vessels to the sanctions list. -Original

3. U.S. SEC and CFTC Strive to Complete Crypto Regulatory Plans by Year-End

The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are pushing to achieve their cryptocurrency regulatory goals by the end of the year. The CFTC plans to oversee spot crypto trading and tokenized collateral, while the SEC is advancing "Project Crypto," which aims to introduce an innovative regulatory exemption system. However, the government shutdown is affecting the efficiency of both agencies. The White House has recommended that the SEC consider a crypto safe harbor and exemptions for securities issuance registration, while the CFTC has been authorized to regulate the spot market for non-security digital assets. Congress is promoting legislation, and the SEC hopes relevant bills can take effect by year-end to clarify market rules and coordinate regulatory actions. -Original

4. U.S. Senate Demands Trump Envoy Disclose Details of $120 Million in Crypto Assets

Several Democratic senators have requested that Trump administration envoy Steve Witkoff divest his approximately $120 million stake in World Liberty Financial and publicly disclose his cryptocurrency asset holdings. The senators pointed out that Witkoff holds shares in companies related to government digital finance policy, which may present a conflict of interest. World Liberty Financial focuses on tokenized assets and digital payment infrastructure. The senators have requested a written explanation within two weeks to clarify the boundaries between financial interests and policy responsibilities. -Original

5. Nearly 16,000 BTC Transferred from Stolen Lubian Mining Pool Address, Raising Market Concerns

On October 22, the stolen wallet address from the Lubian mining pool once again made a large transfer, sending a total of 15,959 BTC to four addresses, with a total value of approximately $1.83 billion. The specific transfers include: 4,999 BTC (about $539.76 million) to address bc1qs8, 4,999 BTC (about $539.76 million) to address 3JX2dH, 3,424 BTC (about $369.7 million) to address 1cpnxU, and 2,535 BTC (about $274.36 million) to address 1G9FZS. -Original

6. Circle Mints 750 Million USDC on Solana Network

Circle minted 750 million USDC on the Solana network. Since October 11, Circle has minted a total of 2.75 billion USDC on this network. -Original

7. Forward Industries Establishes 25-Member Crypto Advisory Board, Focuses on Solana Strategy

Forward Industries announced the formation of a cryptocurrency advisory board consisting of 25 experts, including Helium founder Amir Haleem, Backpack founder Armani Ferrante, and other well-known figures. The board will provide advice for the company's digital asset inventory strategy focused on Solana. Forward Industries currently holds 6.8716 million SOL, with an average cost of $232.08, totaling an investment of about $1.59 billion. Nearly all tokens have been staked through validators. -Original

8. Nasdaq Tokenized Securities to Initially Use Traditional Settlement Cycles

Nasdaq CEO Adena Friedman stated that although tokenized securities trading has the potential to accelerate settlement, traditional settlement cycles will still be used in the initial phase. Investors can choose to settle through traditional methods or use digital wallet infrastructure. Nasdaq is currently working with DTC and plans to offer digital securities trading services on only a few blockchains in the early stages. Friedman emphasized that in the long term, tokenization is expected to enhance collateral liquidity and reduce systemic risk by shortening settlement cycles. -Original

 

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