Trader Eugene: Anticipates market to continue falling rather than rebounding, especially for altcoins

On October 18th, Stani Kulechov, the founder of Aave, posted on social media and stated that Aave V4 will unlock an entirely new category of collateral assets for DeFi, encompassing: cryptocurrencies, stocks, ETFs, various funds, bonds and fixed income products, private credit, real estate and mortgages, commodities, and accounts receivable.

On October 18th, as per Bloomberg, the stocks of large computing companies that provide support for the operation of Bitcoin once more outperformed Bitcoin itself. This is because an increasing number of companies are shifting towards a hybrid model centered around artificial intelligence and high-performance computing. These companies were initially referred to as "mining companies" due to the analogy between the process of creating Bitcoin and the mining of traditional precious metals (such as gold). However, they have long been influenced by the volatility of Bitcoin prices. Two years ago, this industry reaped the benefits of the AI craze. But in the subsequent year, their stock prices declined again due to reduced mining profits and intensified competition.

October 18th: Given Trump's remarks on Friday which have alleviated trade tensions and regional bank stocks have rebounded, Wall Street finally witnessed a positive close to the stock market after a rather uneasy week. Bonds, gold, and silver all saw declines in response. Wall Street is on the verge of entering a crucial week to fathom the truth about American companies: the peak of third-quarter earnings releases and significant inflation data are approaching. Here are the key points that the market will focus on in the new week (all times are in Beijing time): Monday 10:00: China's third-quarter GDP year-on-year; Monday 22:00: US September Conference Board Leading Economic Index month-on-month; Tuesday: The Fed holds a Payment Innovation Conference to discuss stablecoins, artificial intelligence, and tokenization; Tuesday 21:00: Fed Governor Waller delivers opening remarks at the Fed Board's Payment Innovation Conference; Wednesday 03:30: Fed Governor Waller delivers closing remarks

Update: On October 18th, as per Rekto's monitoring, an address tied to an investor/institution that was allocated a 30 million UNI investment in 2020 transferred 1.697 million UNI (roughly $10.29 million) to Wintermute within the past 5 hours.

On October 18th, based on Farside's monitoring data, this week the US Bitcoin spot ETF witnessed a cumulative net outflow of $12.253 billion, and there were net outflows of funds on 4 trading days.

On October 18th, the founder of Binance, CZ, shared his viewpoints on the Chinese name solicitation activity for the APRO oracle of the first phase of YZi Labs' global incubation project EASY Residency on social media. He said, "The name should convey a story. I think it's a master, meaning A PRO." This sparked discussions within the community. Previously, CZ stated that he had just quickly gone through more than twenty entrepreneurial projects based on prediction markets on the BNB Chain and felt that the oracle track based on the prediction market might be worth a try.