Express News | Golden Midday Report | Key Developments as of October 12

7:00-12:00 Keywords: Lighter, IREN, FLOP Testnet, Ethereum Foundation 1. Arthur Hayes: The FLOP testnet will launch within weeks; 2. Lighter: Completed the burn of 2,452,017 LIT tokens today; 3. Anthropic has signed a cloud services agreement with cloud provider IREN; 4. XRP Ledger Foundation clarifies security patch concerns: No new XRP issued; supply remains fixed; 5. Wallets affiliated with the Ethereum Foundation transferred 4,393 ETH to Kraken, valued at $11.13 million; 6. Former Acting Chairman of the U.S. CFTC: Cryptocurrency does not require congressional legislation; progress can be made through rulemaking by regulatory agencies.

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How significant are the risks associated with liquid restaking? What should investors in Hong Kong pay attention to?

In a nutshell: Liquid restaking allows staked Ethereum assets to be reused to secure multiple protocols and generate additional yield, but it also compounds slippage, smart contract, and...

CFTime10:00

Express News | A whale sold 410.14 Bitcoin to rotate into Ethereum, with the ETH position valued at $36.14 million.

On October 12, data from Lookonchain indicated that a mysterious whale was selling Bitcoin to rotate into Ethereum. The entity sold 410.14 Bitcoin, valued at $34.16 million, and subsequently purchased 14,341 Ethereum on a decentralized exchange (DEX), valued at $36.14 million.

Latest09:54

Express News | Wallets associated with the Ethereum Foundation transferred 4,393 ETH, valued at $11.13 million, to Kraken.

On October 12, on-chain analyst Yu Jin reported that four hours ago, two wallets associated with the Ethereum Foundation transferred 4,393 ETH (worth $11.13 million) to the cryptocurrency exchange Kraken. The wallets that transferred ETH today had received 59,751 ETH from an Ethereum Foundation wallet ten years ago. Of this amount, 49,751 ETH had been gradually transferred to Kraken over the past decade at an average price of approximately $658.

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Express News | Analysis: Failure to Pass the Clarity Act May Create Opportunities for DeFi

According to CoinDesk, executives in the crypto industry believe that the failure to pass the Clarity Act will create opportunities for decentralized finance (DeFi), although established exchanges are likely to maintain their competitive advantage. Related initiatives by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) may drive the expansion of regulated on-chain trading and increase institutional participation. Legal experts indicate that while the regulatory framework is expected to advance gradually, there remain gaps that require resolution by the U.S. Congress.

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XRP, Bitcoin, Ethereum Prices Fall as ETF Inflows Slow Ahead of US Inflation Data

Top cryptocurrencies have pulled back this month as investors booked profits following the rallies seen in August and September. Bitcoin (CRYPTO: BTC) retreated to $83,350 on Sunday, down from its

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