XXAntiWar Trading Review: This year's profits mainly came from bottom-fishing storage coins and HYPE swing trading, while the two largest losses were both from ZEC short positions.

According to HTX market data, Bitcoin has rebounded to break through the $70,000 level, with a 3.62% decline in the past 24 hours.

US Treasury Secretary Scott Bessent said excessive interest rate hikes would be inappropriate as the energy supply shock is set to subside. The Federal Reserve should focus on the future; the market is resilient, bond auctions are strong, and demand for the US dollar is robust. He voiced confidence in the economy, adding that conditions are very good with no warning signs.

According to monitoring by Onchain Lens, BlackRock transferred 2,100 BTC (worth approximately $145 million) and 30,760 ETH (worth approximately $60.21 million) from its ETF wallet to Coinbase Prime over the past hour. BlackRock’s current on-chain holdings stand at around 787,100 BTC (valued at approximately $54.44 billion) and 2.859 million ETH (valued at approximately $5.6 billion), with a combined total value of roughly $60.04 billion.

According to CNBC, Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), said multiple large crypto trading platforms and new entrants are interested in adopting the agency’s proposed federal regulatory framework. Some large trading platforms are already registered with the CFTC for offering derivatives like perpetual futures, and the proposed framework would allow them to expand into spot trading. New entrants, meanwhile, aim to obtain approval from a single federal regulator rather than complying with individual state regulatory requirements. After the CLARITY Act stalled in the Senate in September, the CFTC and the U.S. Securities and Exchange Commission (SEC) began leveraging existing statutory authority to advance digital asset regulation. The CFTC issued a pre-notice of proposed rulemaking for a retail crypto commodity trading framework on October 5. Selig noted that current law permits the CFTC to register platforms offering margin, leveraged, or financed commodity trading, adding that the framework remains in the proposal stage. When discussing prediction markets, Selig reaffirmed the CFTC’s stance that it holds exclusive regulatory authority over event-based contracts. In response to enforcement actions by some states that treat prediction markets as unlicensed gambling, he said the CFTC will take jurisdiction disputes to the U.S. Supreme Court if necessary.

U.S. October PPI year-on-year rate came in at 6.5%, against expectations of 6.6% and a prior reading of 6.30%.

US Treasury Secretary Scott Bessent stated that core inflation remains manageable. Iran has triggered an energy shock, but the United States will weather the challenge. The administration will not hesitate to sanction Iranian banks and will continue to apply pressure on Iran.