Bitget Daily Digest（October 27）｜ JPMorgan backs BTC & ETH collateral; U.S. drops China tariff plan; Saylor teases new BTC buys

Today's Preview

1. The crypto market remains highly volatile today; investors are watching to see if BTC can break new highs.
2. Global markets are focused on U.S. Federal Reserve policy, with rate cut expectations driving capital flows into crypto.
3. Ghana's crypto regulatory bill is set for year-end legislation, potentially sparking a new compliance wave in the African market.

Macro & Hot Topics

1. On October 26th, Bitcoin surged sharply, reaching a high of $115,447, up over 2.5%, pushing the total crypto market cap to $3.88 trillion.
2. Besson: The U.S. is no longer considering imposing a 100% tariff on China.
3. Data shows declining Bitcoin illiquid supply, with about 62,000 BTC exiting long-term holders' wallets.

Market Updates

1.BTC is stable around $115,000 USDT; ETH has rebounded to $4,170. Around $53.93 million in positions were liquidated network-wide in the last four hours, with longs and shorts nearly balanced.

2.All three major U.S. stock indices closed higher, with the Dow surging over 470 points, reflecting positive market sentiment.

3.Bitget liquidation map shows heavy long liquidation clusters around the current BTC price of $115,241 USDT — a break below could trigger a chain of stop-outs, so beware of short-term downside risks.

4.In the past 24 hours, BTC spot inflows reached $329 million, outflows $298 million, for a net inflow of $31 million.

5.Over the last 24 hours, perpetual contracts for BTC, ETH, USDT, BNB, and XRP saw net outflows, suggesting potential trading opportunities.

News Highlights

1. Japanese startup JPYC has officially launched the world's first Japanese yen-pegged stablecoin.
2. MicroStrategy founder Michael Saylor released new Bitcoin Tracker data, hinting the company will disclose further BTC holdings.
3. BitMEX co-founder Arthur Hayes predicts Zcash (ZEC) could rise to $10,000.

Project Updates

1. JPMorgan Chase will allow institutional clients to use Bitcoin and Ethereum as collateral for loans.
2. Starknet announced mainnet upgrade v0.14.1 will go live on November 25, introducing BLAKE hashing.
3. Ant Group applied to register several Web3-related trademarks in Hong Kong, including "ANTCOIN".
4. Korean-listed company Bitplanet has initiated a daily BTC accumulation plan, adding 93 BTC last Sunday.
5. Helius Labs' CEO: Assembling a new independent core team for Zcash focused on scalability and security.
6. MetaDAO has raised $9.9 million to date; investors include Variant, 6MV, and Paradigm.
7. Rumble is partnering with Tether to launch a Bitcoin tipping feature in December.
8. Ferrari is debuting the "Token Ferrari 499P" as a digital asset exclusive to Hyperclub members.
9. SharpLink currently holds $3.58 billion in ETH, with unrealized gains of $480 million.
10. Richard Heart transferred 30,066 ETH (worth $125 million) to a new wallet, indicating active project liquidity.

Disclaimer: This report is AI-generated and manually checked for information accuracy. It does not constitute investment advice.