In the past 4 hours, there has been a total of $119 million in liquidations across the network, mostly from long positions.

On October 23rd, in his article titled "Fed's Whisperer," Nick Timiraos pointed out that Federal Reserve officials recently lost the access to the employment data provided by a third party. Since 2018, the payroll processing company ADP has been supplying the Fed with a dataset that contains anonymous employment and income information and covers 20% of the U.S. private sector workforce. The Fed usually received this data with a lag of about one week, which made it a timely and comprehensive measure of the labor market conditions. Sources disclosed that ADP stopped providing this data to the Fed after Fed Governor Waller's speech at the end of August attracted public attention to the Fed's long-term use of ADP employment data. The specific reasons for this change are still unclear. In Waller's speech, he cited ADP data in an accompanying footnote, further highlighting his concerns about the slowdown in the labor market. The footnote indicated that preliminary estimates showed a contin

October 23rd. According to MLM Monitor, just one hour ago, ENA witnessed a sharp 10% drop within a mere 2 minutes. It once again led to the liquidation of the wallet linked to Andrew Kang on Hyperliquid. The total liquidation amount of his ENA holdings reached $47.38 million, and around $8.5 million of the replenishment funds were also liquidated.

On October 23rd, the cryptocurrency KOL ManaMoon disclosed in a post, "It is truly astonishing. The Limitless team transferred 5 million LMTS tokens to a wallet. Eventually, they have sold all of them within the past few hours, reaping a profit of $2.3 million. When the market showed a rebound, people thought it had finally come to an end, but it wasn't. They transferred another 10 million tokens and immediately continued the selling process." Original 40 million tokens team wallet: 0x3c583Be48D2796534f8FC8EA214674Ff055d01d7 Selling wallet: 0xBF3132977d9801506deF8E927c4Ff06E5b0801d1

On October 23rd, according to market information, specific NFT holders can obtain a higher allocation in accordance with MegaETH's presale regulations. The MegaETH ICO will be carried out in an auction format. The starting Fully Diluted Valuation (FDV) is $1 million, and 5% of the token supply will be offered for sale.

On October 23rd, a16z's "State of Crypto 2025" report indicated that the crypto market is continuously expanding and is demonstrating a "price-developer-user" feedback loop characteristic. Crypto usage has a global reach, but the region with the most rapidly growing on-chain activity is from developing countries. Developers are the most active in Ethereum (including L2), Solana, Bitcoin, and other multi-chain ecosystems. Additionally, stablecoins have become a widely debated topic. The annual transaction volume of stablecoins is $46 trillion, which is 20 times that of PayPal and 3 times that of Visa.

On October 22nd. Based on a report from Andreessen Horowitz's digital asset venture fund a16z crypto, more than 13 million distinct Meme coins were issued within a single year in 2025. This highlights the regulatory void in the cryptocurrency field and the pressing need for US market structure legislation. In the 2025 Cryptocurrency Outlook report issued on Wednesday, a16z crypto underscored the significance of regulation in establishing a clearer framework for cryptocurrency developers and investors. The fund stated that the currently proposed "Digital Asset Market Clarity Act" under congressional consideration will enhance consumer protection, oversee blockchain-based intermediaries, and offer a more defined regulatory pathway for digital assets.