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The article discusses the high-risk investment behavior of retail investors in South Korea, including going all-in on stocks, leveraged ETFs, and cryptocurrencies. It also examines the socio-economic pressures behind this behavior and its impact on individuals and the financial system. Summary generated by Mars AI This summary was produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
Wallets related to suspected fraudster Chen Zhi have transferred nearly $2 billion worth of bitcoin. The U.S. Department of Justice has accused him of involvement in a $14 billion crypto fraud case. Chen Zhi is currently at large, and some of the bitcoin has been seized by the U.S. government. Summary generated by Mars AI.
World App integrates Polymarket Mini App, giving users direct access to prediction markets.What This Means for Crypto AdoptionA Step Toward a Smarter Web3
Explore the best crypto to invest in: BlockDAG’s $430M presale, Aster’s 1,700% rise, Polkadot’s supply shift, and Monero’s strong privacy stance.BlockDAG: Testnet Success and $430M Presale ProofAster: Rapid DEX Growth and 1,700% Price SurgeMonero: The Privacy Shield That Refuses to FadePolkadot: Supply Cap Brings New StabilityReal Use Will Define the Best Crypto to Invest in 2025
- 19:43U.S. Treasury Secretary: "Significantly Enhanced" Sanctions Against Russia to Be Announced Within a DayJinse Finance reported that U.S. Treasury Secretary Janet Yellen announced that the United States plans to announce a "substantial" increase in sanctions against Russia within the next day. Following the announcement, international oil and gold prices rose. Yellen told reporters at the White House on Wednesday: "We will announce a substantial increase in sanctions against Russia after the market closes today or early tomorrow." Yellen did not specify the details of the new measures. This news comes as the White House has just abandoned recent plans for a meeting between Trump and Putin.
- 19:41155 Crypto ETF Applications Await Approval in the US, Led by Bitcoin and SolanaAccording to Jinse Finance, citing Bloomberg, as of October 20, there have been 155 cryptocurrency-based Exchange Traded Product (ETP) applications in the United States, covering 35 digital assets. Among them, Bitcoin and Solana each have 23 applications, XRP has 20, and Ethereum has 16. Although the approval process was delayed by the U.S. government shutdown that began on October 1, industry experts remain optimistic that approval is imminent. Recently, issuers have actively submitted 2x and 3x leveraged ETFs as well as products with staking mechanisms, reflecting a “land grab” trend in the crypto ETF market. Analysts point out that investors prefer to diversify their investments in emerging digital assets through index and actively managed ETFs, rather than single tokens. Since the launch of spot Bitcoin and Ethereum ETFs in January and July 2024, BTC ETF assets under management have reached nearly $150 billions, while ETH ETF assets are about $24 billions.
- 19:41A certain whale opened a $32.5 million BTC short position with 18x leverage.Jinse Finance reported that a certain whale wallet "0xc2a3" closed its BTC long position with a profit of over $5.7 million, and immediately opened a $32.5 million short position with 18x leverage.