Infini Founder: Personal Cheems Holdings to be Further Locked Up for Two Years

On October 10th, according to HTX market data, Bitcoin dropped below $120,000, with a 24-hour decline of 2.58%.

On October 10th, according to MLM Monitor, a Bitcoin whale has just made a deposit of 80 million USDC into Hyperliquid. Subsequently, within just two minutes, they shorted 3,500 BTC (approximately $4.2 billion). Previously, on October 8th, this whale had deposited 3,000 BTC into Hyperliquid ($3.65 billion), and they still hold 29,300 BTC in their wallet ($35.7 billion).

On October 10th, spot gold dropped below $4000 per ounce, reaching a low of $3990 per ounce, down by more than $70 from the record high and experiencing an intraday decline of more than 1%. (Jin10)

October 10: The bill proposed by the Democratic Party to end the US government shutdown did not obtain a sufficient number of votes to pass in the Senate, and the voting process is still ongoing. Meanwhile, the US Senate rejected the Democratic Party's government funding bill; the next step will be a vote on the Republican temporary funding bill. (Jin Ten)

On October 10th, the President of the United States, Donald Trump, declared, "We have brought an end to the war in Gaza, and I am confident that this will mark a lasting peace. The hostages will be released either on Monday or Tuesday of next week. I will make an effort to travel to the Middle East and hold a signing ceremony in Egypt. Gaza will be reconstructed." "I also believe that peace between Russia and Ukraine will be achieved." (Golden Finance)

October 10th: The U.S. government shutdown has now lasted for nine days. Owing to the absence of a budget, the cryptocurrency policy agenda remains in a state of uncertainty. However, Washington insiders maintain that the momentum for policy advancement has not been completely dissipated. Although the House of Representatives is in recess due to the shutdown, the Senate seems to still be conducting sessions regarding budget and cryptocurrency matters. Two informed sources have indicated that the Senate Banking Committee remains dedicated to advancing cryptocurrency market structure policy. This includes the possibility of holding deliberation hearings even during the government shutdown. They further added that regardless of whether the budget is passed, the committee leadership hopes to mark up the Responsible Financial Innovation Act by the end of this month. Before the shutdown, one source suggested that the draft was already "nearly finalized." However, with the reduction in fede