usdt

USDC

steth

doge

wbeth

wbtc

link

USDE

HYPE

avax

usds

hbar

shib

WLFI

aave

JITOSOL

pepe

COAI

near

ASTER

USD1

pyusd

ondo

RETH

USDtb

algo

atom

xaut

PENGU

BFUSD

RENDER

PUMP

LBTC

paxg

TRUMP

bonk

nexo

cake

fdusd

MORPHO

METH

msol

RLUSD

index_fgi

Chỉ số hoảng loạn và tham lam (FGI)

MAG7

SoSoScholar

SoSoScholar2025 - Submission Timeline & Suggested Themes

SoSoScholar2025 - Lịch trình nộp bài & Các chủ đề được đề xuất

Cuộc thi Nghiên cứu SoSoValue S3 ra mắt với giải thưởng trị giá $100K

SOSO

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="5a6cf168-f86d-439a-80a6-6ae0dc989cc6"><div class="bn-block" data-node-type="blockContainer" data-id="5a6cf168-f86d-439a-80a6-6ae0dc989cc6"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>The wait is over. SoDEX is coming.</strong>

AI-powered investment research platform SoSoValue has announced the testnet launch of its incubated high-performance trading chain SoDEX. Starting from 9:00 PM (HKT) on June 16, global users can apply for whitelist access through the official website. 

SoDEX supports on-chain order book trading for both spot and derivatives markets. It is built on ValueChain, a proprietary Layer 1 blockchain developed in-house by SoSoValue. ValueChain is tailored for financial-grade applications, featuring high throughput, multi-chain compatibility, and modular scalability. It consists of two core components: an EVM-compatible System Chain, and high-performance Application Chains —together enabling a secure, efficient, scalable and robust trading infrastructure for SoDEX.<br>
<strong>Why SoDEX?</strong>
Seamless – One-stop research and trading, directly integrated with SoSoValue
Order book-based – Familiar CEX-style UX with real-time, intuitive execution
Secure – Self-custodial, regulation-aware, and institution-ready
Open – Fully onchain, borderless, transparent — no intermediaries
SoDEX supports spot, RWA, perpetuals, and more — all with unified liquidity and instant settlement.<br>
<strong>Why Join the Testnet?</strong>
Whitelisted users will gain early access to SoDEX and become eligible to share in 1,000,000 $SOSO in testnet rewards. Additional rewards will be distributed through our PnL leaderboard, trading competition, and bug bounty program.
<br><strong>How to Apply</strong> <br>1. Visit: https://sosovalue.com/shares/FmKqPx <br>2. Join our Telegram Group <br>3. Fill out the whitelist form (pinned in the group)  </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ca04ec29-5603-433a-af3c-eaa515decbab"><div class="bn-block" data-node-type="blockContainer" data-id="ca04ec29-5603-433a-af3c-eaa515decbab"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

🚀 SoSoValue launches SoDEX Testnet,  High-Performance Trading Chain Whitelist Opens!

🚀 SoSoValue ra mắt SoDEX Testnet, danh sách trắng chuỗi giao dịch hiệu suất cao được mở!

Danh sách trắng SoDEX Testnet hiện đã hoạt động — Đăng ký tham gia

The Dangers of a Centralized Black Box in Crypto Trading

Những nguy hiểm của một hộp đen tập trung trong giao dịch Crypto

Conflict Between HyperLiquid and Binance – Explained

Giải thích về xung đột giữa HyperLiquid và Binance

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="4b63591a-08ce-442f-8628-7a8e2141508a"><div class="bn-block" data-node-type="blockContainer" data-id="4b63591a-08ce-442f-8628-7a8e2141508a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The crypto market took a sharp dive recently as both institutions and retail investors rushed to sell. Binance confirmed that its core matching engines and APIs stayed up — but admitted that&nbsp;<strong>some modules briefly glitched</strong>, leading to a few assets (like USDE, BNSOL, and WBETH)&nbsp;<strong>depegging</strong>&nbsp;😬</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4965b6e6-5b66-427e-9987-01a289de64ca"><div class="bn-block" data-node-type="blockContainer" data-id="4965b6e6-5b66-427e-9987-01a289de64ca"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Binance has already compensated affected users within 24 hours — about&nbsp;<strong>$283 million</strong>, mostly for liquidation losses tied to the depegging. They’re also covering issues from internal transfers and Earn redemptions.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bee4eaeb-f6bb-4cb0-99de-6c93a7e3a58b"><div class="bn-block" data-node-type="blockContainer" data-id="bee4eaeb-f6bb-4cb0-99de-6c93a7e3a58b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">As for those crazy low spot prices that popped up on some pairs? Binance says it was&nbsp;<strong>old limit orders hitting thin liquidity + UI precision issues</strong>, not a full-on system failure. Still… not exactly reassuring.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ed669d19-0c22-45b6-aac1-1b30f16ac43d"><div class="bn-block" data-node-type="blockContainer" data-id="ed669d19-0c22-45b6-aac1-1b30f16ac43d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">👉 It’s a reminder: even the biggest CEXes aren’t bulletproof.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2809ca2e-a693-491d-83bb-e3aac1d0eb92"><div class="bn-block" data-node-type="blockContainer" data-id="2809ca2e-a693-491d-83bb-e3aac1d0eb92"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Technical hiccups can trigger huge chain reactions</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="51e507b4-2297-48ce-b8e9-1c1ce28d0b9d"><div class="bn-block" data-node-type="blockContainer" data-id="51e507b4-2297-48ce-b8e9-1c1ce28d0b9d"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Market structure + UI quirks can make things worse fast</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="01aab6e6-593d-4c55-ac83-a341e902b204"><div class="bn-block" data-node-type="blockContainer" data-id="01aab6e6-593d-4c55-ac83-a341e902b204"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">And when things break, you’re relying on the exchange’s goodwill to make you whole</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e6446c10-0613-44f8-9d27-197815b680c4"><div class="bn-block" data-node-type="blockContainer" data-id="e6446c10-0613-44f8-9d27-197815b680c4"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="58a17c20-6de3-4c94-b75c-5c9843ecdb57"><div class="bn-block" data-node-type="blockContainer" data-id="58a17c20-6de3-4c94-b75c-5c9843ecdb57"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">🤔 What do you think?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b7e46ce9-ff30-4674-91f3-07a3501c0f6a"><div class="bn-block" data-node-type="blockContainer" data-id="b7e46ce9-ff30-4674-91f3-07a3501c0f6a"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Is this just “part of the game,” or a red flag?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5049104c-7604-40ea-96b7-4acd13a7e48e"><div class="bn-block" data-node-type="blockContainer" data-id="5049104c-7604-40ea-96b7-4acd13a7e48e"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Would you trust CEX risk management in a real black swan event?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2474423a-03d3-4069-831e-f8d729fc4a2f"><div class="bn-block" data-node-type="blockContainer" data-id="2474423a-03d3-4069-831e-f8d729fc4a2f"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Do you keep collateral on CEXes, or prefer self-custody?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4b4e72a1-a1bf-4991-a9af-aaab13b7fa2b"><div class="bn-block" data-node-type="blockContainer" data-id="4b4e72a1-a1bf-4991-a9af-aaab13b7fa2b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Drop your thoughts below 👇</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="96f69eca-3061-478c-8830-3478908733be"><div class="bn-block" data-node-type="blockContainer" data-id="96f69eca-3061-478c-8830-3478908733be"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

💥 Another reminder of how fragile CEXes can be

💥 Một lời nhắc nhở khác về việc CEX có thể mong manh như thế nào

Lại Một Vụ Sụp Đổ Nữa, Thanh Lý 19 tỷ Đô, Liệu Các Nhà Đầu Tư Crypto Chúng Ta Không Thể Vượt Qua Được Sao?

---<br>1. china officially retaliated against trump&#39;s tariffs,<br>2. the u.s. government seized a record $15 billion in btc (including confiscating the majority of the hu bian mining pool).<br>3. binance experienced a major system failure due to data errors and price fluctuations.<br>---<br>4. tether reached a settlement with celsius bankruptcy consortium, paying about $300 million<br>5. blackrock ceo revealed that blackrock is exploring tokenization in investment products.<br>-source: pan news2000+ futures longs opened <200m usd<br>soso trading data source: okx


[ Price Crash )

[ Giá sụp đổ )

BỘ TƯ PHÁP MỸ THU GIỮ 15 TỶ USD BITCOIN TỪ ĐƯỜNG DÂY LỪA ĐẢO “PIG BUTCHERING” TOÀN CẦU

 🔹 Bộ Tư pháp Mỹ (DOJ) đã thu giữ 15 tỷ USD Bitcoin liên quan đến một đường dây lừa đảo crypto quy mô lớn có trụ sở tại Campuchia, được xem là vụ tịch thu tài sản lớn nhất trong lịch sử của DOJ. 
🔹 Kẻ chủ mưu bị cáo buộc là Trần Chí (Chen Zhi) – Chủ tịch Tập đoàn Prince Holding Group, bị cho là đã điều hành một trong những vụ lừa đảo đầu tư lớn nhất lịch sử, sử dụng lao động cưỡng bức để điều hành các “trại scam” trên khắp Campuchia. 
🔹 Tập đoàn Prince, hoạt động tại hơn 30 quốc gia, đã ép buộc hàng trăm người làm việc trong các khu phức hợp lừa đảo, nhắm vào nạn nhân trên toàn thế giới qua mạng xã hội và ứng dụng nhắn tin, dụ họ đầu tư vào các dự án crypto giả, sau đó chiếm đoạt toàn bộ tiền. 
🔹 Hình thức lừa đảo “Pig Butchering” (tạm dịch: “vỗ béo rồi làm thịt con heo”) là chiêu dụ nạn nhân thông qua xây dựng niềm tin và mối quan hệ ảo, khiến họ tin rằng đang đầu tư sinh lời, trước khi bị chiếm đoạt toàn bộ tài sản. 
🔹 Trần Chí cùng các cộng sự bị cáo buộc hối lộ quan chức và lợi dụng ảnh hưởng chính trị để bảo vệ hoạt động phi pháp của mình. Hiện nghi phạm vẫn đang bỏ trốn, và giới chức Mỹ đang tiếp tục điều tra.

Daily Roast

Tịch thu BTC

If that doesn't pay off my blindfolded, ape-in move with massive debt i don't know what will…  
this has no downside!


Just cashed out these big ICP gains to get on the BRAVO train. Next stop, ludicrous speed!

Vừa mới rút tiền mặt từ những khoản lãi lớn từ ICP này để lên chuyến tàu BRAVO. Trạm dừng tiếp theo, tốc độ lố bịch!

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="92655e59-1c14-4cfd-b1ca-f638a66ce0dd"><div class="bn-block" data-node-type="blockContainer" data-id="92655e59-1c14-4cfd-b1ca-f638a66ce0dd"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">NYC mayor establishes digital assets and blockchain office</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3b225a09-7702-40ee-aa97-280a6ebe4573"><div class="bn-block" data-node-type="blockContainer" data-id="3b225a09-7702-40ee-aa97-280a6ebe4573"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The executive order creating the Office of Digital Assets and Blockchain Technology under the New York City government came three months before Eric Adams will leave office.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6532209d-3e66-45f5-9e56-2d9fff210fdf"><div class="bn-block" data-node-type="blockContainer" data-id="6532209d-3e66-45f5-9e56-2d9fff210fdf"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3ceab513-19ca-4c04-aa44-2ad1ac71b45d"><div class="bn-block" data-node-type="blockContainer" data-id="3ceab513-19ca-4c04-aa44-2ad1ac71b45d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">New York City Mayor Eric Adams announced the establishment of a municipal digital assets and blockchain office in a bid to cement his crypto agenda in the final months of his term.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c890231d-6bdf-4e43-af05-fc25f694bd9c"><div class="bn-block" data-node-type="blockContainer" data-id="c890231d-6bdf-4e43-af05-fc25f694bd9c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a6842966-c2e9-4207-a4f1-5f519989cf76"><div class="bn-block" data-node-type="blockContainer" data-id="a6842966-c2e9-4207-a4f1-5f519989cf76"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">In a Tuesday notice from the mayor’s office, Adams said he had used an executive order under his authority to create the Office of Digital Assets and Blockchain Technology. Moises Rendon, who has worked as a digital assets and blockchain policy adviser for New York City since April 2024, will head the newly established office.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d42fe457-5316-42a7-9948-fbb5960607f9"><div class="bn-block" data-node-type="blockContainer" data-id="d42fe457-5316-42a7-9948-fbb5960607f9"><div class="bn-block-content" data-content-type="image" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/edc379f2-4feb-44be-8e93-20fb5c13aaa9.png" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/edc379f2-4feb-44be-8e93-20fb5c13aaa9.png" alt="BlockNote image"></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="934c09c7-b123-4b3f-8657-2a31dae30941"><div class="bn-block" data-node-type="blockContainer" data-id="934c09c7-b123-4b3f-8657-2a31dae30941"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

NYC mayor establishes digital assets and blockchain office

Thị trưởng NYC thành lập văn phòng tài sản kỹ thuật số và blockchain

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="a52474c8-3ddb-4ab1-b6a6-244ff0582796"><div class="bn-block" data-node-type="blockContainer" data-id="a52474c8-3ddb-4ab1-b6a6-244ff0582796"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Wall Street giant&nbsp;Citibank ($2T AUM)&nbsp;is set to roll out&nbsp;Bitcoin and crypto custody services in 2026, after developing the platform for over two years</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="594f5b5c-47b2-474c-b589-3c151e5d967a"><div class="bn-block" data-node-type="blockContainer" data-id="594f5b5c-47b2-474c-b589-3c151e5d967a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="abc4b9d0-7e98-41d0-b130-d51fee6f385e"><div class="bn-block" data-node-type="blockContainer" data-id="abc4b9d0-7e98-41d0-b130-d51fee6f385e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The service will let Citi&nbsp;hold native assets like<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/community/coins/bitcoin/top/">$BTC</a>and<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/community/topics/ETH/top/">#ETH</a>&nbsp;for clients using a mix of in-house and third-party tech. The bank is also&nbsp;exploring stablecoin use for cross-border payments&nbsp;and has invested in&nbsp;BVNK<br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8e4349f1-646b-4c5a-a930-b637548a9830"><div class="bn-block" data-node-type="blockContainer" data-id="8e4349f1-646b-4c5a-a930-b637548a9830"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">With a more favorable U.S. regulatory climate,&nbsp;Citi, JPMorgan and Bank of America&nbsp;are pushing deeper into digital assets —&nbsp;bridging TradFi and crypto 🔥</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="dc76b6d9-b37d-4fe0-a3b7-0375a70d4f3a"><div class="bn-block" data-node-type="blockContainer" data-id="dc76b6d9-b37d-4fe0-a3b7-0375a70d4f3a"><div class="bn-block-content" data-content-type="image" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/253eefd9-80d4-487d-a143-ef65a81f9168.png" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/253eefd9-80d4-487d-a143-ef65a81f9168.png" alt="BlockNote image"></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e2f21e8f-7e58-41ed-bc51-893ac65954cf"><div class="bn-block" data-node-type="blockContainer" data-id="e2f21e8f-7e58-41ed-bc51-893ac65954cf"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

🚨 Citi to Launch Bitcoin and Crypto Custody in 2026 as Wall Street Expands Into Digital Assets

🚨 Citi sẽ ra mắt dịch vụ lưu ký Bitcoin và Crypto vào năm 2026 khi Phố Wall mở rộng sang Tài sản kỹ thuật số

When hackers break into a crypto system and funds vanish, the question becomes: who takes the loss?
The truth — it depends on where the assets were stored and how the system was built.

Here’s how it usually plays out 👇

1. Centralized Exchanges (CEXs): Most times, the exchange covers losses using an insurance fund or reserve, but not always fully.


2. Protocol / Smart Contract Treasury: If it’s a DeFi exploit, the project’s treasury or DAO might vote to refund affected users — partially or fully.


3. Custodial &amp; Insurance Services: Some custodians use third-party insurance; it can cover part of the loss if certain terms are met.


4. Multisig Guardians / Admins: Recovery may come from a rollback or multisig wallet rescue — but it requires community consensus.


5. White-hat Recoveries: Sometimes, white-hat hackers return the funds for a bounty or recognition.


6. DAO Votes: In decentralized projects, communities may decide via voting — but that takes time and isn’t guaranteed.


7. Legal &amp; Government Recovery: Law enforcement may intervene — but it’s slow and uncertain.


8. Worst Case — No One Pays: In many rug pulls or anonymous exploits, no one takes responsibility.



Bottom line: Before investing, always ask — Is this platform insured? Is it audited? Is there a recovery plan?
Because in crypto, security isn’t given — it’s built.

#CryptoSecurity #DeFi #SoSoValue #DexDiscipline #JabirDex

✍️ – JabirDex

💥 Who Pays When Hackers Strike? The Harsh Truth About Crypto Security

💥 Ai Trả Tiền Khi Hacker Tấn Công? Sự Thật Khắc Nghiệt Về Bảo Mật Crypto

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="4a39ae83-1ac3-40d6-9cf4-4427f6cd6306"><div class="bn-block" data-node-type="blockContainer" data-id="4a39ae83-1ac3-40d6-9cf4-4427f6cd6306"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Humanity Protocol (H)’s 100%+ surge on October 13 was really impressive, but I don’t think it was just short-term FOMO. Looking closely at the chart and volume in the previous days, I suspect Market Makers (MMs) quietly accumulated early, as buy volume increased noticeably even before the breakout.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9fdcb4d4-51ba-4690-96bb-ba8aac58a449"><div class="bn-block" data-node-type="blockContainer" data-id="9fdcb4d4-51ba-4690-96bb-ba8aac58a449"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">What stood out during the strong surge was the lack of significant selling pressure. This usually happens when most tokens have already been accumulated and the floating supply in the market is limited. At this stage, MMs just need a small push to ignite the price, naturally triggering retail FOMO.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7f74214b-0679-4309-805c-a09240423dcf"><div class="bn-block" data-node-type="blockContainer" data-id="7f74214b-0679-4309-805c-a09240423dcf"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">I remain cautiously positive on Humanity: the project has solid fundamentals, altcoin capital is returning, and market sentiment is warming up. However, I stay alert—after strong pumps like this, a short “shakeout” often comes to clear weaker positions.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7d4d4502-bab6-4763-bfed-098e234d3a4e"><div class="bn-block" data-node-type="blockContainer" data-id="7d4d4502-bab6-4763-bfed-098e234d3a4e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">If MMs are indeed accumulating, I think this is just the prelude. The main wave could still be ahead, but anyone joining should stay calm, split positions, and avoid chasing the top. Big waves are reserved for those patient enough to wait for MMs to make their move.</p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="7563b740-a813-4f06-a0cf-1558932cb19f"><div class="bn-block" data-node-type="blockContainer" data-id="7563b740-a813-4f06-a0cf-1558932cb19f"><div class="bn-block-content" data-content-type="image" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/2592ec65-b8eb-4f97-963c-2162f34e8d8a.png" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/2592ec65-b8eb-4f97-963c-2162f34e8d8a.png" alt="BlockNote image"></div></div></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="91d4530a-7dc7-44f0-b495-b443a2532da6"><div class="bn-block" data-node-type="blockContainer" data-id="91d4530a-7dc7-44f0-b495-b443a2532da6"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Humanity– Signs of “accumulation” ahead of a big wave

Nhân loại – Dấu hiệu của “tích lũy” trước một làn sóng lớn

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="4c60b8d8-07cb-4de2-bb09-a42a2dd581f5"><div class="bn-block" data-node-type="blockContainer" data-id="4c60b8d8-07cb-4de2-bb09-a42a2dd581f5"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">📊 New Whales’ Nervy Nirvana: Peaks and Pullbacks</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="24690bdf-77d9-40f3-be35-75a3bfd8e9b9"><div class="bn-block" data-node-type="blockContainer" data-id="24690bdf-77d9-40f3-be35-75a3bfd8e9b9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">On <strong>October 15, 2025</strong>, as Bitcoin consolidates around <strong>$116,000</strong> post-$19B liquidation carnage, <strong>CryptoQuant’s unrealized profit ratios</strong> for whales tell a split story.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="83b09549-83d6-466a-9ad5-ed2b98ce15eb"><div class="bn-block" data-node-type="blockContainer" data-id="83b09549-83d6-466a-9ad5-ed2b98ce15eb"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>New whales</strong> (&lt;155 days holding, ≥1K BTC) surged to <strong>+1.0 ratios</strong> through late 2025 — mirroring <strong>2021’s euphoric crest</strong> — after scooping ETFs at <strong>$90K–$110K</strong> and riding BTC to $126K.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2a951675-321d-47cc-af60-6a304e3f3552"><div class="bn-block" data-node-type="blockContainer" data-id="2a951675-321d-47cc-af60-6a304e3f3552"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">🟢 Ratios climbed steadily through April–September amid <strong>$2.2B weekly ETF inflows</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e33dd6f1-c7c8-423c-a018-4024f16086c5"><div class="bn-block" data-node-type="blockContainer" data-id="e33dd6f1-c7c8-423c-a018-4024f16086c5"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">🔴 Post-October 10, the ratio dipped <strong>−0.5</strong>, echoing 2018’s capitulation as <strong>125x longs were flushed</strong>, shedding 30% of new whale stacks.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b5126078-0e78-4dc3-a2d9-5a009221be79"><div class="bn-block" data-node-type="blockContainer" data-id="b5126078-0e78-4dc3-a2d9-5a009221be79"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Volatility’s volatility spiked (IV → 45%), and <strong>put demand jumped 20%</strong> as new whales hedged. SOPR at <strong>1.02</strong> signals light profit-taking, not panic.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="42826886-917d-4d69-b2b4-681f6e78b57d"><div class="bn-block" data-node-type="blockContainer" data-id="42826886-917d-4d69-b2b4-681f6e78b57d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">✅ <em>Positive:</em> $117K flipped from resistance to accumulation zone, buffered by <strong>97% of supply in profit</strong>.<br>⚠️ <em>Risk:</em> Overleveraged newcomers (40% of liquidations) could still drag ratios toward −1.0 if <strong>Trump–Xi talks stall</strong>, risking a $100K retest.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a719d87a-9f22-4ea7-997b-37c67e63912d"><div class="bn-block" data-node-type="blockContainer" data-id="a719d87a-9f22-4ea7-997b-37c67e63912d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Evaluation:</strong> This is a classic <em>euphoria-meets-risk</em> signal — new whales grease the uptrend, but their greed can also grease the grave.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c8cc4a90-3247-48ef-a9f6-8c13416bd272"><div class="bn-block" data-node-type="blockContainer" data-id="c8cc4a90-3247-48ef-a9f6-8c13416bd272"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">🏔️ Old Whales’ Steady Summit: Fortress of Fortunes</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7890df3d-2edc-4062-a22b-4ae6dbee0acd"><div class="bn-block" data-node-type="blockContainer" data-id="7890df3d-2edc-4062-a22b-4ae6dbee0acd"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Veteran whales</strong> (&gt;155 days, ~70% of supply) bask in deep green. Their unrealized profit ratios soared past <strong>+15</strong> during this bull leg — dwarfing 2021’s +10 — as early accumulators from $20K 2022 lows ride 500%+ paper gains.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bde3a3cf-d4df-4783-9300-7fb5f2a6db87"><div class="bn-block" data-node-type="blockContainer" data-id="bde3a3cf-d4df-4783-9300-7fb5f2a6db87"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Ratios plateaued at <strong>+12–15</strong> through 2024–2025, with only a mild post-crash dip.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a1703622-d258-4c7e-b5a6-2fed816feda3"><div class="bn-block" data-node-type="blockContainer" data-id="a1703622-d258-4c7e-b5a6-2fed816feda3"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">LTHs offloaded &lt;2% during rallies, per UTXO bands.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3db17543-739e-46b8-8844-9b4c122015eb"><div class="bn-block" data-node-type="blockContainer" data-id="3db17543-739e-46b8-8844-9b4c122015eb"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">MVRV at <strong>2.5</strong> vs. historic tops at 3.5 signals <strong>further runway</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d67ed2be-86ee-4469-a24a-b1f2f20d6166"><div class="bn-block" data-node-type="blockContainer" data-id="d67ed2be-86ee-4469-a24a-b1f2f20d6166"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">October’s wipeout barely dented their stance — these “old guards” <strong>absorbed 20% of $19B liquidations</strong> via bids at $106K.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0ad1b0b9-8d7d-4d14-a146-1170cd22911f"><div class="bn-block" data-node-type="blockContainer" data-id="0ad1b0b9-8d7d-4d14-a146-1170cd22911f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">✅ <em>Positive:</em> Echoes Fink’s “reserve asset” thesis — old whales act as system stabilizers.<br>⚠️ <em>Risk:</em> Sustained vol and creeping funding (+0.01%) could eventually push even LTHs to trim, reminiscent of <strong>2017’s ratio reversals</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d28c1788-9848-4788-911b-fc64009af992"><div class="bn-block" data-node-type="blockContainer" data-id="d28c1788-9848-4788-911b-fc64009af992"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Verdict:</strong> A bastion of bullishness — their discipline props the parade, but prudence is key as ratios near historical peaks.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e1e8e345-aedb-44e2-8a65-cab5caedd070"><div class="bn-block" data-node-type="blockContainer" data-id="e1e8e345-aedb-44e2-8a65-cab5caedd070"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">🧹 Leverage Legacy: $19B Purge’s Purity Play</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b4c605ca-02f5-4f8d-8a5a-19086a0290f5"><div class="bn-block" data-node-type="blockContainer" data-id="b4c605ca-02f5-4f8d-8a5a-19086a0290f5"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The <strong>October 10–11 wipeout</strong> purged leverage to <strong>2023 lows</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f8383bcf-8f31-4ff9-a7f7-2249d96c06c8"><div class="bn-block" data-node-type="blockContainer" data-id="f8383bcf-8f31-4ff9-a7f7-2249d96c06c8"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Funding flipped <strong>negative (−0.02%)</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c3b76cd0-a3ae-4f9b-b177-72890d370da0"><div class="bn-block" data-node-type="blockContainer" data-id="c3b76cd0-a3ae-4f9b-b177-72890d370da0"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Open interest collapsed 25%.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fc240e3c-d827-4244-99de-2a15cadcc932"><div class="bn-block" data-node-type="blockContainer" data-id="fc240e3c-d827-4244-99de-2a15cadcc932"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Orderbooks thinned as market makers reduced exposure.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4bb523cd-d3ec-42a0-b1ce-3e45bbdf7705"><div class="bn-block" data-node-type="blockContainer" data-id="4bb523cd-d3ec-42a0-b1ce-3e45bbdf7705"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Yet, <strong>spot &amp; ETF flows held firm</strong> — $3.17B inflows defied the drawdown, per CoinShares. Retail RSI plunged to <strong>30 (oversold)</strong>, while whale SOPR stayed steady at <strong>1.01</strong>, signaling resilience.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f5b4df8b-812c-433f-bf63-3329655e4b36"><div class="bn-block" data-node-type="blockContainer" data-id="f5b4df8b-812c-433f-bf63-3329655e4b36"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Binance’s <strong>$400M bailout</strong> and Powell’s <strong>QT pivot</strong> inject fresh liquidity. Still, <strong>shallow books invite whipsaws</strong> — a 10% probe below $117K could trigger another <strong>$5B in liquidations</strong> if vols persist.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="378001f8-0e8d-437c-b33d-c878e4b5af27"><div class="bn-block" data-node-type="blockContainer" data-id="378001f8-0e8d-437c-b33d-c878e4b5af27"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Evaluation:</strong> The market has been “reset” rather than wrecked. The deleveraging purge cleaned froth but left a cautious sentiment shell.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bda1c79e-b086-4a6a-bb61-79a801636f78"><div class="bn-block" data-node-type="blockContainer" data-id="bda1c79e-b086-4a6a-bb61-79a801636f78"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">📝 Verdict: Reset’s Resilient Reckoning</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f9267cbe-b8a7-4c47-8d28-086d014b9ba9"><div class="bn-block" data-node-type="blockContainer" data-id="f9267cbe-b8a7-4c47-8d28-086d014b9ba9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">🐋 <strong>New whales are nervous, old whales are rock-solid.</strong> Unrealized profit ratios show:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d2c16d61-62fa-440c-b47e-37869e6524be"><div class="bn-block" data-node-type="blockContainer" data-id="d2c16d61-62fa-440c-b47e-37869e6524be"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">✳️ <em>Short-term froth flushed.</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a760755b-0e30-4d76-8a3d-14d0331677f7"><div class="bn-block" data-node-type="blockContainer" data-id="a760755b-0e30-4d76-8a3d-14d0331677f7"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">🧠 <em>Long-term conviction intact.</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="88c29793-6bab-4290-8730-c9bf34efe4ca"><div class="bn-block" data-node-type="blockContainer" data-id="88c29793-6bab-4290-8730-c9bf34efe4ca"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">🧭 <em>Sentiment defensive, not broken.</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="03885d75-b289-49c5-993a-ac784e813dd2"><div class="bn-block" data-node-type="blockContainer" data-id="03885d75-b289-49c5-993a-ac784e813dd2"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">With <strong>97% of supply in profit</strong>, ETF inflows humming, and leverage cleared, <strong>$130K BTC is within reach</strong> — <em>if</em> volatility fades and Trump–Xi thaw trade tensions.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0eb91d28-8538-41b6-9d54-3c9ac4cebc5d"><div class="bn-block" data-node-type="blockContainer" data-id="0eb91d28-8538-41b6-9d54-3c9ac4cebc5d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">But in this <strong>deleveraged dawn</strong>, the bias is defensive:<br>👉 <em>Spot HODL, hedge the heat, respect the levels.</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ca28c5db-73a7-4aad-bfe9-336d3b4ff64a"><div class="bn-block" data-node-type="blockContainer" data-id="ca28c5db-73a7-4aad-bfe9-336d3b4ff64a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>The uptrend lives — but it lives with asterisks.</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a51990e7-4be3-4114-bfa4-333244dddc87"><div class="bn-block" data-node-type="blockContainer" data-id="a51990e7-4be3-4114-bfa4-333244dddc87"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">#BitcoinWhales #OnChainAnalysis #CryptoQuant #LeverageReset #BTC2025 #WhaleActivity #MarketStructure #ETFflows #Glassnode #CryptoMarkets</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="baa6cbe9-3281-417b-afc1-2594b50fea14"><div class="bn-block" data-node-type="blockContainer" data-id="baa6cbe9-3281-417b-afc1-2594b50fea14"><div class="bn-block-content" data-content-type="image" data-name="photo_2025-10-15_10-38-19.jpg" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/87c955e0-37d6-4c96-aa8d-2edbc261b873.jpg" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/87c955e0-37d6-4c96-aa8d-2edbc261b873.jpg" alt="photo_2025-10-15_10-38-19.jpg"></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5d138817-6cc9-406c-8f03-ca795b185d93"><div class="bn-block" data-node-type="blockContainer" data-id="5d138817-6cc9-406c-8f03-ca795b185d93"><div class="bn-block-content" data-content-type="image" data-name="photo_2025-10-15_10-38-21.jpg" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/d5fe05df-083d-4b83-aa84-d9f7eceb67d4.jpg" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/d5fe05df-083d-4b83-aa84-d9f7eceb67d4.jpg" alt="photo_2025-10-15_10-38-21.jpg"></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="db30cd0e-bddc-46ed-b03a-0bf9fc0561eb"><div class="bn-block" data-node-type="blockContainer" data-id="db30cd0e-bddc-46ed-b03a-0bf9fc0561eb"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Regards,</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="003b202a-07c0-495c-a228-86a611ef1347"><div class="bn-block" data-node-type="blockContainer" data-id="003b202a-07c0-495c-a228-86a611ef1347"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">FVM Research</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3cd00b61-348f-47e1-a689-20fae1e52232"><div class="bn-block" data-node-type="blockContainer" data-id="3cd00b61-348f-47e1-a689-20fae1e52232"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">꧁𓊈𒆜𝓕𝓥𝓜𒆜𓊉꧂</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f132ff12-ad59-48df-974c-43d9f493fd29"><div class="bn-block" data-node-type="blockContainer" data-id="f132ff12-ad59-48df-974c-43d9f493fd29"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">𝗙𝗼𝗹𝗹𝗼𝘄 𝗺𝗲╰┈➤ Forever_More 🔔</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f8dbfc79-c5d0-4e30-85a7-d66f4a68b920"><div class="bn-block" data-node-type="blockContainer" data-id="f8dbfc79-c5d0-4e30-85a7-d66f4a68b920"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

🐋 Whale Profits in the Wake: Reset or Rally Signal?「 ✦ FVM Research ✦ 」𓆰♕𓆪

🐋 Lợi nhuận của Whale sau cơn sóng: Tín hiệu Đặt lại hay Phục hồi? 「 ✦ Nghiên cứu FVM ✦ 」𓆰♕𓆪

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="7c8d78c9-d966-4127-9306-2c2866d38d43"><div class="bn-block" data-node-type="blockContainer" data-id="7c8d78c9-d966-4127-9306-2c2866d38d43"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Japan is preparing to <strong>prohibit insider trading in cryptocurrency markets</strong>, according to a recent report by <em>Nikkei</em>. The move marks another major step in aligning Japan’s crypto regulations with traditional financial market standards.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b8ebe2a5-ec3f-4064-a5a6-3040dfc76b25"><div class="bn-block" data-node-type="blockContainer" data-id="b8ebe2a5-ec3f-4064-a5a6-3040dfc76b25"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">📰 Key Details</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e4009790-d524-4ac5-91ba-518efe3d9ade"><div class="bn-block" data-node-type="blockContainer" data-id="e4009790-d524-4ac5-91ba-518efe3d9ade"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Japan’s regulators are drafting a new framework that will <strong>explicitly ban insider trading involving crypto assets</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d795b9df-d120-4155-9451-cf97309d126e"><div class="bn-block" data-node-type="blockContainer" data-id="d795b9df-d120-4155-9451-cf97309d126e"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Currently, Japan’s <strong>Financial Instruments and Exchange Act (FIEA)</strong> does <strong>not</strong> cover insider trading for crypto, leaving a legal gap.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4ad5e789-0f2b-428c-9119-91575868418d"><div class="bn-block" data-node-type="blockContainer" data-id="4ad5e789-0f2b-428c-9119-91575868418d"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Under the new rules, the <strong>Securities and Exchange Surveillance Commission (SESC)</strong> — Japan’s main market watchdog — will be empowered to <strong>investigate suspicious crypto transactions</strong> and <strong>impose penalties or criminal charges</strong> for violations.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4002d7a0-27c4-4e48-86b8-5350f6b9feb6"><div class="bn-block" data-node-type="blockContainer" data-id="4002d7a0-27c4-4e48-86b8-5350f6b9feb6"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">The legislation will clarify:</p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="c7b1b041-cd61-4f23-8c42-2fb6d5c9d268"><div class="bn-block" data-node-type="blockContainer" data-id="c7b1b041-cd61-4f23-8c42-2fb6d5c9d268"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">What constitutes “insider information” in crypto projects</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e0cb8783-5514-4ff8-8dcf-0bc10b63c218"><div class="bn-block" data-node-type="blockContainer" data-id="e0cb8783-5514-4ff8-8dcf-0bc10b63c218"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Who qualifies as an “insider”</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0bcc1cea-a4f4-4965-8e65-1cafa18931e7"><div class="bn-block" data-node-type="blockContainer" data-id="0bcc1cea-a4f4-4965-8e65-1cafa18931e7"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">When information must be publicly disclosed</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="97aa5000-6bbb-48aa-bd28-0728508bff53"><div class="bn-block" data-node-type="blockContainer" data-id="97aa5000-6bbb-48aa-bd28-0728508bff53"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">The <strong>Financial Services Agency (FSA)</strong> is reportedly forming a working group to finalize the legal framework and aims to <strong>introduce the bill to parliament by 2026</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="46eaef15-4f0f-4d53-8b7c-6fc01ca3b5fa"><div class="bn-block" data-node-type="blockContainer" data-id="46eaef15-4f0f-4d53-8b7c-6fc01ca3b5fa"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><em>(Sources: Nikkei, Cointelegraph, Decrypt, Reuters)</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a4b74084-5cdf-4f05-bb00-760b7213c36d"><div class="bn-block" data-node-type="blockContainer" data-id="a4b74084-5cdf-4f05-bb00-760b7213c36d"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">🎯 Why This Matters</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d9944b5a-b85c-4df1-93fb-4af3c010e4bb"><div class="bn-block" data-node-type="blockContainer" data-id="d9944b5a-b85c-4df1-93fb-4af3c010e4bb"><div class="bn-block-content" data-content-type="numberedListItem" data-index="1"><p class="bn-inline-content"><strong>Boosting Market Confidence</strong><br>The measure is expected to enhance trust in Japan’s crypto markets by reducing manipulation, information asymmetry, and unfair trading advantages.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5a12180b-a026-4f90-8b57-58cb574ccd19"><div class="bn-block" data-node-type="blockContainer" data-id="5a12180b-a026-4f90-8b57-58cb574ccd19"><div class="bn-block-content" data-content-type="numberedListItem" data-index="2"><p class="bn-inline-content"><strong>Strengthening Oversight</strong><br>Giving the SESC clear authority will help Japan monitor crypto transactions more effectively, even though decentralized systems make enforcement complex.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="875702c1-81f1-4e9b-9b48-a14e196de0cb"><div class="bn-block" data-node-type="blockContainer" data-id="875702c1-81f1-4e9b-9b48-a14e196de0cb"><div class="bn-block-content" data-content-type="numberedListItem" data-index="3"><p class="bn-inline-content"><strong>Regulatory Alignment</strong><br>Japan has long aimed to integrate crypto within its financial regulatory system. Earlier in 2025, Nikkei also reported that the government plans to <strong>grant crypto assets legal status as financial products</strong>, paving the way for broader investor protection measures.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="aa732478-e10d-4cce-a05b-f4c3afce5de7"><div class="bn-block" data-node-type="blockContainer" data-id="aa732478-e10d-4cce-a05b-f4c3afce5de7"><div class="bn-block-content" data-content-type="numberedListItem" data-index="4"><p class="bn-inline-content"><strong>Challenges Ahead</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="5004d0ca-d7a0-4f8b-b349-a61a840f9605"><div class="bn-block" data-node-type="blockContainer" data-id="5004d0ca-d7a0-4f8b-b349-a61a840f9605"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Determining who counts as an “insider” in decentralized projects</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f9a01339-5dad-49b7-ad32-7d1d8b6631e1"><div class="bn-block" data-node-type="blockContainer" data-id="f9a01339-5dad-49b7-ad32-7d1d8b6631e1"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Defining what qualifies as “non-public” or “market-moving” information</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9080e040-642a-49be-a3e4-4be2f993488c"><div class="bn-block" data-node-type="blockContainer" data-id="9080e040-642a-49be-a3e4-4be2f993488c"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Regulating cross-border transactions in globally traded digital assets</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c58a8f2a-bf0e-4a22-bb62-91fb9f76fa78"><div class="bn-block" data-node-type="blockContainer" data-id="c58a8f2a-bf0e-4a22-bb62-91fb9f76fa78"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

🇯🇵 Japan Moves to Ban Insider Trading in Crypto Markets (Nikkei)

🇯🇵 Nhật Bản có động thái cấm giao dịch nội gián trên thị trường tiền điện tử (Nikkei)

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="8712f5b3-ee45-4890-bdd1-ad2763ce2ac8"><div class="bn-block" data-node-type="blockContainer" data-id="8712f5b3-ee45-4890-bdd1-ad2763ce2ac8"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Disruption through blockchain.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d2712c1f-a448-4fbf-a947-4e37aae49160"><div class="bn-block" data-node-type="blockContainer" data-id="d2712c1f-a448-4fbf-a947-4e37aae49160"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

The Future of Financial Services

Tương lai của dịch vụ tài chính

Trump’s announcement of a 100% tariff on chinese imports rattled the cryptocurrency market, causing sharp declines in several altcoins. as the white house retaliated against china by restricting semiconductor exports and imposing strict tariffs, this unexpected move shook the crypto ecosystem. following trump’s announcement on friday, bitcoin (btc) suffered a significant dip from $115k to around $112k because of fears related to its implications for global trade.

this week saw a massive sell-off as retail investors reacted strongly to these geopolitical tensions bringing more shorts into the market across key crypto exchanges including coinbase and binance.
over$755 million in net outflows have also been recorded during this volatile period.  btc’s decline was compounded by heavy liquidations across multiple asset classes adding extra pressure that sent many popular tokens spiraling downwards.

xrp experienced one of the most severe drops over this tumultuous weekend while dogecoin fell nearly 28%, cardano dropped about 25%, chainlink had losses close to 26%. all eyes are now turning toward upcoming events like xrp spot etf applications expected next week which could revive bullish sentiment and offset some negative price action seen lately. 
despite recent challenges such as increasing regulatory scrutiny resulting from high-profile insider trading scandals affecting public confidence - cautious optimism remains amongst analysts expecting recovery periods post-initial shocks will eventually lead back towards higher valuations once again when markets stabilize.[1][2][3]

-end-


Several Altcoins Decline After Trump's Tariffs, ETF Sentiment Wanes

Một số Altcoin giảm sau khi Trump áp thuế, tâm lý ETF suy yếu

The crypto market experienced broad declines in the past 24 hours, influenced by multiple factors including a $400 million support initiative from binance announced yesterday to boost investor confidence. the industry-wide turmoil arises from a series of events that have heightened uncertainty in the market. among these was a significant liquidation incident on october 11, which led to marked fluctuations across various cryptocurrencies including bitcoin, ethereum and many other altcoins.

additionally, reports surfaced about alterations made to binance's historical data around this period intended for user compensation purposes (such as listing failed events to ensure they don't happen again).

further revelations included blockfi's selling of significant amounts ($14-$12 million) worth of sol due an underfunded loan arrangement with ftx trading ltd. these sales triggered reactions among investors who perceived them as dumping behavior rather than responsible risk management strategies.

on-chain analyst adam cochran reported withdrawals totaling approximately $450 superimposed upon negative news narratives surrounding digital asset exchanges like bybit experiencing their second consecutive day without outflows after two back-to-back volumes spiking sessions creating flooding conditions causing major liquidations along numerous large caps preceding late last night before redemption opportunities provided through low-utilized space also disrupted sellers off ledger shelves created panic buyers further aggravating general stores where short term traders often engage while disassociating deeper pocket players' holding positions grasping effectively high yields realized when averaging.
   other metrics exhibiting divergence observed movements not only characterized described patterns but also exhibited favorably higher influxes seen partial volume rebounds across most sectors maintaining value capitalizing increased retail positivity despite ongoing fears over liquidity depth issues plaguing numerous segments consolidating overall downward pressure saw performance decline indices nearing -5%.    for more detail see:   cryptocurrency prices dropped today as markets continued reacting following unease caused closely related incidents impacting trading activities leading respective exchanges scrutizining all financial arrangements ensuring integrity users funds are safeguarded delivering clarity results obtained assets rightfully claimed respectively held secured throughout processes verifying informations requested thus preventing frauds enabling opportunities towards regenerate losses gradually established rebuilding trust.


LAUNCHCOIN

Crypto Market Faces Broad Declines Amid Post-Liquidation Volatility

Thị trường Crypto đối mặt với sự sụt giảm trên diện rộng trong bối cảnh biến động sau thanh lý

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="39c56168-b00d-42b3-9285-2fb706b2d858"><div class="bn-block" data-node-type="blockContainer" data-id="39c56168-b00d-42b3-9285-2fb706b2d858"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>1. Ảnh hưởng trực tiếp qua "Chi phí cơ hội" và "Lợi tức phi rủi ro"</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7f8f9669-ff7e-48d2-a981-407c203b0d78"><div class="bn-block" data-node-type="blockContainer" data-id="7f8f9669-ff7e-48d2-a981-407c203b0d78"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Khi lợi suất trái phiếu kho bạc Mỹ (đặc biệt là trái phiếu kỳ hạn 10 năm) tăng lên, nó trở thành một tài sản "phi rủi ro" hấp dẫn hơn. Theo phân tích từ SoSoValue, điều này làm giảm sự hấp dẫn của các tài sản rủi ro như crypto, vì nhà đầu tư có thể kiếm được lợi nhuận ổn định mà không cần chấp nhận rủi ro cao. Một bài phân tích gần đây chỉ ra: "Đồng USD đang mạnh lên và lợi suất trái phiếu đang tăng — làm giảm sức hấp dẫn của các tài sản rủi ro như crypto".</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b019092f-b2a0-4a1c-a147-bb2000f7465f"><div class="bn-block" data-node-type="blockContainer" data-id="b019092f-b2a0-4a1c-a147-bb2000f7465f"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>2. Tác động gián tiếp qua Chính sách Tiền tệ của Fed (Cục Dự trữ Liên bang Mỹ)</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="30b576be-52e8-4c15-891c-64a2f914652d"><div class="bn-block" data-node-type="blockContainer" data-id="30b576be-52e8-4c15-891c-64a2f914652d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Lợi suất trái phiếu chịu ảnh hưởng lớn từ kỳ vọng về chính sách của Fed. Các bản tin từ SoSoValue liên tục theo dõi các phát biểu của các quan chức Fed (như Chủ tịch Jerome Powell) và dự báo về lộ trình lãi suất.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="61a943ee-8a87-4850-ba5c-de16efeb065d"><div class="bn-block" data-node-type="blockContainer" data-id="61a943ee-8a87-4850-ba5c-de16efeb065d"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Khi kỳ vọng lãi suất tăng hoặc Fed có ý định thắt chặt chính sách (hawkish)</strong>: Lợi suất trái phiếu có xu hướng tăng, gây áp lực giảm lên thị trường crypto. Ví dụ, sau khi dữ liệu kinh tế mạnh mẽ được công bố, "Lợi suất trái phiếu kho bạc kỳ hạn 10 năm tăng lên... làm dấy lên cảnh báo rằng chi phí vay mượn cao có thể làm chậm các khoản đầu tư AI tốn kém vốn", điều này cũng tạo ra môi trường khó khăn cho crypto.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="167973e4-0374-404a-b44a-c12db79c8629"><div class="bn-block" data-node-type="blockContainer" data-id="167973e4-0374-404a-b44a-c12db79c8629"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Khi kỳ vọng lãi suất giảm hoặc Fed có ý định nới lỏng chính sách (dovish)</strong>: Lợi suất trái phiếu có xu hướng giảm, tạo điều kiện thuận lợi cho crypto. Một phân tích cho thấy trong bối cảnh kỳ vọng cắt giảm lãi suất, "lợi suất trái phiếu kho bạc kỳ hạn 10 năm và 30 năm tiếp tục giảm, và giá trái phiếu tăng", đồng thời "vàng và tài sản rủi ro được hưởng lợi từ kỳ vọng lãi suất cắt giảm".</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9dd0b5b8-fedd-4903-95ba-b5532930fe30"><div class="bn-block" data-node-type="blockContainer" data-id="9dd0b5b8-fedd-4903-95ba-b5532930fe30"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>3. Tác động qua Tâm lý Thị trường và Thanh khoản Toàn cầu</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4ff39f28-072d-4b82-81eb-c43eede401c5"><div class="bn-block" data-node-type="blockContainer" data-id="4ff39f28-072d-4b82-81eb-c43eede401c5"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Lợi suất trái phiếu Mỹ là một thước đo quan trọng về tâm lý rủi ro toàn cầu. Khi lợi suất tăng trong bối cảnh lo ngại về lạm phát hoặc bất ổn địa chính trị (như căng thẳng thương mại Mỹ-Trung), nhà đầu tư có xu hướng rút tiền khỏi các tài sản rủi ro. Sự kiện ngày 11/10/2025 là một minh chứng rõ ràng: "Trump đột ngột thông báo áp thuế mới lên hàng hóa Trung Quốc... khiến tài sản rủi ro ngay lập tức chịu áp lực. Tâm lý e ngại rủi ro tăng mạnh, và vốn chảy vào đồng USD và trái phiếu Mỹ. Là một đại diện cho tài sản rủi ro, cryptocurrency trở thành mục tiêu bán tháo."</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f14633ed-5cad-43f7-9eb0-eed6ca3b9f66"><div class="bn-block" data-node-type="blockContainer" data-id="f14633ed-5cad-43f7-9eb0-eed6ca3b9f66"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>Kết luận</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8f78d3b0-952c-4703-94db-eece9c56e5db"><div class="bn-block" data-node-type="blockContainer" data-id="8f78d3b0-952c-4703-94db-eece9c56e5db"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Tóm lại, theo phân tích từ dữ liệu được cung cấp, <strong>lãi suất trái phiếu Mỹ và giá crypto có mối quan hệ nghịch biến trong nhiều trường hợp</strong>. Sự gia tăng lợi suất trái phiếu thường tạo ra áp lực giảm đối với thị trường crypto thông qua việc làm tăng chi phí cơ hội, thắt chặt điều kiện tiền tệ và làm gia tăng tâm lý e ngại rủi ro. Ngược lại, việc lợi suất giảm có thể là một tín hiệu tích cực, cho thấy thanh khoản dồi dào hơn và môi trường đầu tư mạo hiểm được cải thiện.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8c90affc-1572-4702-879d-65f2982f1651"><div class="bn-block" data-node-type="blockContainer" data-id="8c90affc-1572-4702-879d-65f2982f1651"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Liệu lãi suất trái phiếu Mỹ có ảnh hưởng đến giá crypto không?

HOT: Một cá voi Trung Quốc mất hơn 2.000.000 đô la trong vụ sập trên Binance hôm trước đã nhận được 0,26 USDT tiền bồi thường .
Trò hề :)))))

BREAKING: The U.S. Government just transferred 667.6 $BTC worth $74.7 million to a new wallet
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BREAKING: The U.S. Government just transferred 667.6 $BTC worth $74.7 million to a new wallet

BREAKING: Chính phủ Hoa Kỳ vừa chuyển 667,6 $BTC trị giá 74,7 triệu đô la Mỹ sang một ví mới

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="9f63f458-34c5-4c22-a301-defe6055a511"><div class="bn-block" data-node-type="blockContainer" data-id="9f63f458-34c5-4c22-a301-defe6055a511"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/community/topics/Bitcoin/top/">#Bitcoin</a> is ranging just above $113K, with the crowd showing only a mild dose of bullishness.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3499903d-92dc-4b3f-918a-3690c01a889b"><div class="bn-block" data-node-type="blockContainer" data-id="3499903d-92dc-4b3f-918a-3690c01a889b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6baf2264-a091-45af-9ef0-99f9e4a9ebad"><div class="bn-block" data-node-type="blockContainer" data-id="6baf2264-a091-45af-9ef0-99f9e4a9ebad"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The last major swing came on Sunday, when an ideal buy zone appeared as retail expected <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/community/coins/bitcoin/top/">$BTC</a>to drop below$100k. 📉<br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="97c46a85-4087-4f7e-8a51-cda32ff0e86b"><div class="bn-block" data-node-type="blockContainer" data-id="97c46a85-4087-4f7e-8a51-cda32ff0e86b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">As always, markets tend to move opposite to the crowd’s expectations — and this time looks no different. 🚀</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b6a3015b-7f8e-4c92-bf4e-89407d40476c"><div class="bn-block" data-node-type="blockContainer" data-id="b6a3015b-7f8e-4c92-bf4e-89407d40476c"><div class="bn-block-content" data-content-type="image" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/86e2abb8-9b86-4960-a833-e568d767a269.png" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/86e2abb8-9b86-4960-a833-e568d767a269.png" alt="BlockNote image"></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9f1192ba-6d30-4404-84f2-04e8cbdc6097"><div class="bn-block" data-node-type="blockContainer" data-id="9f1192ba-6d30-4404-84f2-04e8cbdc6097"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

bitcoin

The cryptocurrency market experienced a significant downturn following president trump&#39;s announcement of new tariffs on imported goods from china and restrictions on software exports. **bitcoin (btc)**: btc plummeted to an intraday low of $102,000 but has since recovered. on october 14, net inflows into bitcoin etfs were at $102 million.

**ethereum (eth)**: the plunge was sharper for eth due to its higher leverage in the contract market. it dropped to around $3,444 but is now trading at approximately $4,125.

### key factors
 - *market makers exit*: the withdrawal of market makers led to increased price volatility as they are typically responsible for providing liquidity during such downturns.
 - *liquidation events*: over $19 billion worth of leveraged positions were wiped out across exchanges during this period causing additional selling pressure especially in altcoins.
 - *tether settlement*: tether paid $299 million related to celsius bankruptcy claims indicating ongoing legal turbulence surrounding major crypto players which can stir up fear among investors adding downward pressure.


BTC & ETH Market Analysis After the "Black Friday" Crash (October 10-15, 2025)

Phân tích thị trường BTC & ETH sau vụ sập "Black Friday" (10-15 tháng 10 năm 2025)

🌊 Crypto Flows Defy Turmoil: $3.17B Surge Signals Institutional Steel「 ✦ FVM Research ✦ 」𓆰♕𓆪

🌊 Dòng tiền Crypto Bất Chấp Biến Động: Làn sóng $3,17 tỷ USD báo hiệu sự vững chắc của tổ chức 「 ✦ FVM Research ✦ 」𓆰♕𓆪

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="3bc2768e-cd97-483a-b36f-3e9ee7e7921f"><div class="bn-block" data-node-type="blockContainer" data-id="3bc2768e-cd97-483a-b36f-3e9ee7e7921f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Bhutan is migrating its national digital identity framework from Polygon to Ethereum, impacting roughly 800,000 citizens! This move aims to bolster trust in its digital governance infrastructure by leveraging Ethereum's blockchain for identity verification and government platform interactions. The migration is expected to be completed by the first quarter of 2026, according to the Ethereum Foundation's president, Aya Miyaguchi. Bhutan's National Digital Identity and GovTech departments spearheaded this integration, with support from the local crypto community. Interestingly, Bhutan also holds a significant amount of Bitcoin, ranking as the sixth-largest government holder globally, and is expanding its Bitcoin mining operations through partnerships and investments.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="affae1df-9658-4427-abde-aa5a84c2de3a"><div class="bn-block" data-node-type="blockContainer" data-id="affae1df-9658-4427-abde-aa5a84c2de3a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

From Polygon to Ethereum: Bhutan’s Bold Blockchain Migration Puts 800,000 Citizens on Web3 Rails

Từ Polygon đến Ethereum: Bước chuyển đổi Blockchain táo bạo của Bhutan đưa 800.000 công dân lên Web3

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="1cabe64c-b53e-45ce-9b5e-c892dc0f9dd9"><div class="bn-block" data-node-type="blockContainer" data-id="1cabe64c-b53e-45ce-9b5e-c892dc0f9dd9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Transparency and efficiency.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="66f65ca7-97ec-4e47-80b8-0e8d46b3ebec"><div class="bn-block" data-node-type="blockContainer" data-id="66f65ca7-97ec-4e47-80b8-0e8d46b3ebec"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

The Role of Blockchain in Supply Chain

Vai trò của Blockchain trong Chuỗi cung ứng

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