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Good morning to all crypto enthusiasts! Today's industry dynamics can be called "multi-point blooming", including changes in the ranking of leading currencies, as well as major actions in regulation and traditional finance. Let's take a look~👇 🏆 Big event: BNB’s market value surpassed XRP, becoming one of the top three cryptocurrencies! According to the latest data from 8MarketCap, on October 7, the market value of BNB exceeded US$170 billion in one fell swoop, successfully surpassing XRP and Tether, and officially ascending to the "third place" in the market value ranking of crypto assets! This change has also given the market more expectations for the competitive landscape of leading currencies~ 📜 Regulatory trends: SEC releases positive signal, “innovation exemption” is on the agenda! Paul Atkins, chairman of the U.S. Securities and Exchange Commission (SEC), recently stated in Manhattan that despite the impact of the government shutdown, the SEC still plans to officially start the formulation of "innovation exemption" rules for digital asset companies before the end of 2025 or the first quarter of 2026. The core goal of this move is clear: to establish formal rules for the encryption field and attract global innovators to do business in the United States. Atkins also specifically mentioned the "GENIUS Act" passed by Congress. Although he said that the SEC did not play a major role, he affirmed the legislative efforts and showed clear signs of "breaking the ice" in supervision! ⚠️ Market Peripheral: The U.S. Senate will discuss the short-term funding bill again today According to BlockBeats, on October 7, local time, U.S. Senate Majority Leader John Thune announced that the Senate will vote on two short-term appropriations bills again on October 8 (today). This is the sixth time the Senate has tried to pass a temporary spending bill to end the federal government shutdown, with the previous five attempts failing. Although members of the two parties had dinner to negotiate last night, they did not disclose the progress. The "hanging sword" of the government shutdown has not yet fallen, and we need to continue to pay attention to the potential impact on the market. 📈 Traditional finance enters the game: S&P, Grayscale, CoinShares continue to move! - 🌟 S&P launches crypto index: On October 7, S&P officially launched the Digital Markets 50 crypto index, aiming to provide investors with more convenient diversified investment exposure to crypto assets, and the integration of traditional finance and crypto has gone one step further! - 🔥 Grayscale Ethereum ETF pledges surge: As of October 8, the two Ethereum spot ETFs managed by Grayscale have total pledged amounts of 304,000 ETH (worth approximately US$1.34 billion) since staking was allowed. Just 4 hours ago, 272,000 ETH were newly pledged. The market’s confidence in Ethereum is evident. - 🆕 CoinShares launches altcoin ETF: Digital asset management company CoinShares announced the launch of DIME ETF in the United States, covering a basket of altcoins with equal weights. The initial targets include 10 popular currencies such as SOL, DOT, ADA, ATOM, and SEI, providing a new choice for investors who prefer altcoins! 🔮 Boss’s opinion: Paul Tudor Jones is optimistic about the market at the end of the year, and cryptocurrencies are on the list! Legendary Wall Street investor Paul Tudor Jones recently expressed his belief that the U.S. stock market is on the eve of the final outbreak of the bull market and may experience a strong rise in the short term. He made it clear that he plans to hold gold, cryptocurrencies and Nasdaq technology stocks before the end of the year to capture this round of rising momentum. Jones reminds: The largest gains in a bull market often occur 12 months before the peak. The current market requires more retail investors to buy and funds to enter, which will trigger a "speculative frenzy" driven by retail investors and long-short funds, and eventually reach the peak - temptation and risk coexist, and everyone needs to deal with it rationally ~ 💬Interactive topics BNB ranks third in market capitalization, new SEC regulations are on the agenda, and traditional finance continues to enter the market. Do you think the crypto market will see a "general rise" in the future, or will the top currencies and altcoins further diverge? Let us know your thoughts in the comment section! 📌 Follow the reminder Want to get the first time to get the core news of the daily encryption circle, regulatory trends and opinions of big guys? Click "Follow" in the upper right corner and don't miss every key opportunity ~ 📝 Disclaimer The content of this article is only a compilation of industry information and does not constitute any investment advice, trading guidance or financial advice. The prices of crypto assets fluctuate violently and there is great uncertainty. Before investing, please be sure to conduct independent research, evaluate your own risk tolerance, and make rational decisions. Any investment based on the content of this article is at the investor's own risk. |
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