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According to The Block, the UK's Financial Conduct Authority (FCA) finalized a comprehensive crypto regulatory framework on Tuesday, with a mandatory licensing regime set to take effect on October 25, 2027. The framework covers prudential requirements, market abuse regulation, and stablecoin standards, applicable to crypto trading platforms, custodians, stablecoin issuers, lending and staking service providers, as well as certain DeFi companies with identifiable controlling entities.Businesses can apply for authorization between September 30, 2026, and February 28, 2027, and existing anti-money laundering registrations will not automatically convert. Regarding trading platform rules, the FCA requires UK-qualified crypto asset trading platforms to conduct due diligence, meet entry standards, and publish disclosure documents, while removing the previous exemption that allowed fungible crypto assets to list without disclosure documents. Market abuse rules cover insider trading and market manipulation.For stablecoins, the FCA has removed the obligation to forecast the redemption of reserve assets, allowed limited group internal custody arrangements, and lowered the K-SII capital ratio for stablecoin issuance from 2% to 1%. Crypto assets on qualified platforms will be subject to a uniform 40% net risk exposure requirement and a 40% counterparty default volatility adjustment. FCA's Director of Payments and Digital Finance, David Geale, stated that this framework is an important milestone for crypto regulation in the UK, providing regulatory certainty while allowing businesses to maintain innovation space.

Data shows that on October 11, insider whale Garrett Jin still holds a 5x leveraged long position of 1,270 BTC. This position was opened in May this year at a price of $76,117 and has been held for nearly 2 months. Currently, this trade has an unrealized loss of over $18.55 million, with a margin size of $15.6 million, and the liquidation price is temporarily reported at $16,964.

According to the Financial Times, affected by the intensified sell-off of tech stocks, Bitcoin has fallen to a 20-month low, and market risk sentiment continues to weaken. Bitcoin briefly dropped below $60,000, with an intraday decline of up to 5.4%, reaching its lowest level since October 2024. Over the past two years, traders have regarded $60,000 as an important support level. This round of decline occurred after a sell-off of large tech stocks this week. Traders are betting that the U.S. central bank will respond to inflation by raising interest rates, which may suppress risk appetite and prompt investors to reassess overvalued assets and turn to relatively safe assets.In recent years, the correlation between crypto assets and stock movements has been high, but this relationship is currently under pressure. Bitcoin and Solana have fallen 32% and 47% respectively this year, and even a rebound in the stock market has not led to a significant recovery. Part of the reason is that retail investors' demand for cryptocurrencies has decreased, turning instead to chase the volatility of AI-related stocks. Gerry O'Shea, Global Market Insights Director at crypto asset management firm Hashdex, stated that as large public offerings and AI stocks become the market focus, market sentiment remains weak. Analysts currently do not believe there are significant catalysts in the crypto market.The U.S. capital markets are still digesting the world's largest IPO, SpaceX, which went public on Nasdaq earlier this month, with AI companies like OpenAI and Anthropic also expected to follow suit. Meanwhile, the important U.S. digital asset regulatory bill, the Clarity Act, remains stalled in the Senate, facing strong opposition from the banking sector and has not yet garnered enough bipartisan support.

According to Jinshi reports, the market has fully digested the possibility of the Federal Reserve raising interest rates by October.

Placeholder partner Chris Burniske tweeted that holding cash at this stage has a very high opportunity cost, and mentioned that he has recently been gradually building positions. He also pointed out that multiple factors are converging around October, believing that this timing is "not to be ignored." Burniske did not specify any particular investment targets.Previously, Chris Burniske had stated in a post last October that after the recent crash in the crypto market, sustained buying pressure is unlikely in the short term, and if BTC falls to $75,000 or below, he may consider buying again.

According to Gate market data, BTC/USDT is currently reported at $60000, with a 24-hour decline of 5.9%, reaching a new low since October 14, 2024.

According to CryptoQuant analyst Darkfrost, Bitcoin's spot trading volume has dropped by 81% since October 2025.

According to Jinshi reports, market pricing shows that U.S. interest rate futures traders now expect the Federal Reserve to raise interest rates as early as October.

According to the Times of India, a well-known private doctor in Guntur, India, lost approximately 1.3 billion rupees (about 1.5 million USD) due to a cryptocurrency investment scam. The police have launched an investigation based on the victims' reports and are tracking the flow of related funds and the cybercrime gang.The report states that the scammers promoted high returns on cryptocurrency investments to victims through online platforms and initially displayed false profit data to gain trust. The doctor then continued to invest more and even persuaded friends and family to invest together. It was only when attempting to withdraw funds that the platform began to delay or refuse withdrawals for various reasons. Although the account page still showed significant "profits," the funds could not be withdrawn, and the victims eventually realized they had been scammed.The police suspect that the case involves an organized cross-border cyber fraud group and are currently investigating related bank accounts, digital wallets, and transaction records.

According to monitoring by Hyperinsight, address 0x860 has currently become the largest loss-making whale among BTC longs on Hyperliquid. This whale entered the market to bottom out BTC 220 days ago, on October 11 last year, after a market crash, using 29x leverage to build a position with an average price of $109,632, with a position size of $13.2 million. In the early stages of building the position, this long position brought considerable floating profits within 10 days, but since BTC fell below its average entry price on October 30 last year, the position has not returned to profit. As of the time of writing, this whale has not closed the position and has held on until now, with current floating losses reaching $3.94 million, about 12 times the initial capital.It is estimated that, considering the overall capital size of tens of millions from this address, this $13.2 million position corresponds to an actual leverage ratio of only about 1.1 times, but the floating losses have still eroded about 30% of the overall capital in the account. Address: 0x8607a7d180de23645db594d90621d837749408d5

According to on-chain data platform Glassnode (@glassnode), the Bitcoin spot trading volume on major exchanges has fallen to its lowest level since October 2023, comparable to the level at the end of the previous bear market in September 2023. In a low trading volume environment, market depth has significantly decreased, and even minor capital flows can trigger liquidations, leading to a notable increase in the market's sensitivity to changes in liquidity.

According to official news, the NFT public chain Mint Blockchain announced that the blockchain network officially ceased operations on April 17, 2026. To ensure the safety of user assets, the project team reminds all users to transfer their on-chain assets to the Ethereum mainnet as soon as possible, including assets such as ETH, WBTC, USDC, and USDT.The announcement states that users need to complete the asset migration through the extraction channel provided by the official team, with a deadline of October 20, 2026. Before this deadline, users can still perform asset extraction operations normally to ensure the safe transfer of funds to external networks. If users do not complete the extraction before the deadline, the related assets will no longer be processed or recoverable.

According to Cointelegraph, renowned trader and chart analyst Peter Brandt and prediction market users hold a pessimistic view on the prospect of Bitcoin reaching a new high in 2026. Peter Brandt stated, "I don't think Bitcoin will reach a new high in 2026; it may have to wait until the second quarter of 2027." He also added, "It's all speculation." The probability of Bitcoin returning to $120,000 in 2026 on Polymarket is only 15%.Regarding the low point of the year, Peter Brandt indicated that the $60,000 level on February 6 may not be the lowest of the year, predicting that it might retest that level or even "slightly lower" in September or October this year, at which point it will be the low point of the bear market cycle, initiating a new bull market. He also stated that his long-term logic regarding Bitcoin remains unchanged: "The story of Bitcoin is wealth storage; whether practicality can be built on Bitcoin may affect its price," and he mentioned that he holds a neutral or bearish stance on all other cryptocurrencies.Bitcoin analyst Willy Woo stated on March 17 that, from a liquidity perspective, Bitcoin has completed about "one-third of the bear market." SkyBridge managing partner Anthony Scaramucci also mentioned last week that Bitcoin is currently in the bear market phase of a four-year cycle, and pointed out that the established whale group that believes in the four-year cycle may create a self-fulfilling prophecy. In terms of sentiment, the spot Bitcoin ETF ended four weeks of consecutive net inflows, recording a net outflow of $296.18 million last week. The Crypto Fear and Greed Index reported 8 on Monday, remaining in the "extreme fear" range since March 20.

According to Gate market data, the Nasdaq 100 Index has fallen 10% from its October high and is about to enter a correction period.

Artificial intelligence company Anthropic is considering an IPO as early as October and has begun preliminary discussions with several Wall Street banks regarding the potential listing. Earlier reports indicated that Anthropic could raise over $60 billion through the IPO.

According to market news, the Brazilian Minister of Finance revealed that the cryptocurrency tax policy is planned to be postponed until after the presidential election in October 2026 to make a decision.

According to Jinshi reports, traders expect a 50% probability of a Federal Reserve interest rate hike in October.

According to CryptoQuant data, the Coinbase premium has reached its highest level since mid-October 2025, reflecting that American investors are showing strong spot buying power.

According to on-chain analyst @ai_9684xtpa, as gold surged, a whale that gradually accumulated $12.4 million in digital gold starting from October 2025 has realized a profit of $3.521 million.Currently, he holds 2,371.4 XAUT and 559.74 PAXG, with costs of $4,283 and $4,004 respectively, and has steadfastly held these positions for nearly five months.

Despite the fact that the price of Cardano (ADA) has dropped 71% from $0.9 to $0.26 since October 2025, whale investors have still accumulated 819 million ADA over the past six months, worth approximately $213.9 million.