The US Senate failed to pass an appropriations bill, and a record-breaking federal government shutdown is imminent.
according to Xinhua News Agency, the U.S. Senate once again failed to pass a temporary federal government funding bill on the 4th. This means that the current round of federal government "shutdown" that began on October 1st is about to break the historical record of the 35-day "shutdown" from the end of 2018 to the beginning of 2019, becoming the longest government "shutdown" in U.S. history.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
DeFi Faces Instability: Yei's Suspension Highlights Underlying Systemic Threats
- Yei Finance paused its Sei-based protocol after a fastUSD market anomaly, citing "unusual conditions" and pledging 24-hour updates. - Stream Finance's $93M loss from XUSD depeg and Yei's fastUSD issues highlight systemic risks in leveraged DeFi models. - DeFi's decentralized governance gaps exposed by rehypothecation risks and opaque fund management, prompting calls for stricter oversight. - Market turbulence underscores need for transparent audits and contingency plans to prevent cascading failures in v

Bitcoin Updates: Major Investors Place $20 Million Wagers on Bitcoin's Short-Term Recovery
- Bitcoin faces critical support at $108,000 as whale accounts open $20M+ leveraged longs, signaling near-term rebound bets. - Technical analysis shows bearish momentum below $110,000 but potential for $114,000+ rally if key support holds. - Aggressive on-chain accumulation by top traders contrasts with FOMC-driven volatility, highlighting macroeconomic uncertainty. - Institutional alignment with current bullish positioning could determine November's outcome amid high-risk market dynamics.

Ethereum Updates: DeFi Faces Widespread Threats as Gauntlet Recommends Urgent Market Suspension
- DeFi firm Gauntlet proposes emergency pause of USDC/USDS/USDT borrowing on Ethereum's Compound v3 to prevent losses from Elixir's deUSD/sdeUSD collapse. - Stream Finance's $93M loss and xUSD's $0.24 plunge exposed systemic risks as Elixir tokens lost 70% value, triggering cross-protocol failures. - Critics warn the pause erodes trust, while Gauntlet stresses updated risk parameters are needed to stabilize artificially inflated oracle prices. - Recent Balancer's $100M exploit highlights compounding DeFi v

Interoperability Becomes a Key Strategic Benefit as Tokenization Evolves
- Tokenization's growth depends on interoperability, enabling seamless cross-chain interactions for institutional and onchain asset scaling. - Chainlink's Runtime Environment (RTE) lets institutions tokenize real-world assets across EVM chains while maintaining compliance and data security. - Bitget integrates Morph Chain to allow direct USDT trading of Layer 2 assets, bridging CeDeFi and enhancing cross-chain liquidity for users. - These advancements highlight interoperability as a strategic advantage, en

