「Buddy」 has incurred a trading loss of over $53 million on Hyperliquid in the past month

On October 16th, Federal Reserve Governor Milan declared that when advocating for interest rate cuts, they do not center their attention on asset price bubbles. (Xinhua Finance)

On October 16th, based on HTX market data, Bitcoin fell below $110,000, experiencing a 24-hour decline of 1.77%.

On October 16th, based on Coinglass data, within the past 24 hours, a combined total of $5.01 billion was liquidated across the entire network. Globally, there were 190,948 people who were liquidated. The long liquidation was $3.54 billion and the short liquidation was $1.47 billion. The largest single liquidation took place on Hyperliquid - BTC-USD, reaching $5.7065 million.

On October 16th, as per the report in Fortune, Digital Asset Treasury (DAT) has emerged as one of the most notable aspects of the current crypto bull market. The term "DAT" refers to enterprises that hold specific cryptocurrencies (ranging from Bitcoin to Dogecoin) and aim to operate a public trading tool to provide investors with stock-like access to the sale of these assets. Nevertheless, with the number of such projects increasing rapidly, critics have cautioned that digital asset treasuries may become the latest bubble in this volatile industry. Tom Lee, the Chairman of Ethereum's first treasury institution BitMine, has indicated that this bubble may have already popped.

October 16: As per on-chain analyst Ai Auntie (@ai_9684xtpa), the whale address that initiated a $140 million short position on BTC yesterday (which previously closed a short position and went long) now holds long positions in both ETH and BTC, with a total value exceeding $100 million ($114 million). Specifically, the long position in ETH is $71.83 million, the long position in BTC is $43.03 million, and the total unrealized loss is $400,000.

October 16: On this October 16th, as reported by Golden Ten Data, Federal Reserve Governor Waller expressed that he is in favor of further rate cuts later this month. Nevertheless, due to the government still being in a shutdown state and the absence of official economic data, there is still considerable uncertainty regarding the subsequent policy path. Waller mentioned that the economic outlook still presents conflicting signals. On the one hand, economic growth seems to remain strong; on the other hand, the labor market is noticeably tightening for workers. Waller pointed out that "given our uncertainty about how the data will develop, the Fed needs to move forward cautiously in adjusting policy rates in order to avoid making costly mistakes that are difficult to correct." He also noted that the timing of rate cuts and the policy decisions after October are still filled with uncertainties. "The policy path after October will depend on how the conflicting signals between economic act