Ethereum Drops Below $3900

October 14th: With the U.S. government shutdown now in its 14th day and no resolution in sight, the White House Office of Management and Budget (OMB) has indicated that it will keep furloughing federal agency employees. At the same time, it will ensure that military personnel and federal law enforcement officers receive their pay. The OMB made a post on social media on Tuesday, stating, "OMB is ready and on standby to deal with the Democratic Party's obstinacy. Paying the salaries of military personnel, paying the salaries of law enforcement agencies, continuing with layoffs, and waiting for developments." Last Friday, the White House OMB carried out the first round of workforce reductions, dismissing more than 4,000 federal employees, further intensifying the government funding deadlock standoff with the Democratic Party. (Forex Live)

On October 14th, David Solomon, the CEO of Goldman Sachs, stated that currently the sentiment among investors is rather bullish.

On October 14th, Federal Reserve Governor Bowman expressed that he still anticipates two more interest rate cuts to occur before the end of the year. The Federal Reserve is in the process of seeking public input regarding the regulatory requirements for stablecoins. (FX168 APP)

On October 14th, according to an official announcement, OKX is about to list YB (Yield Basis) and convert the YB Perpetual Swap into a standard perpetual contract. The specific schedule is as follows: 1. YB Deposit Open Time: 9:30 PM on October 14th, 2025 (UTC+8). 2. YB Auction Period: 6:00 PM to 7:00 PM on October 15th, 2025 (UTC+8). 3. YB/USDT Spot Trading Open Time: 7:00 PM on October 15th, 2025 (UTC+8). 4. YB/USDT Perpetual Swap Conversion Time: Starting at 7:00 PM on October 15th, 2025 (UTC+8) and lasting for 3 hours. During this period, as long as the index remains stable, the contract conversion will be completed. 5. YB Withdrawal Open Time: 10:00 PM on October 15th, 2025 (UTC+8).

On October 14th, when the U.S. stock market opened, the Dow fell by 0.42%, the S&P 500 fell by 0.95%, and the Nasdaq fell by 1.37%. AMD (AMD.O) increased by 1.1%, while NVIDIA (NVDA.O) decreased by 2.08%. Regarding cryptocurrency-related stocks, MSTR fell by 3.95%, CRCL fell by 3.96%, COIN fell by 4.33%, SBET fell by 6.82%, and BMNR fell by 6.98%.

On October 14th, when the U.S. stock market opened, the three major indices generally declined, and blockchain-related stocks also followed suit. Nevertheless, the cryptocurrency market has not yet witnessed significant fluctuations. Bitcoin is hovering around $110,500, and Ethereum is maintaining its position near $3,950.