CZ responds to BNB phone proposal: Not sure whether carrying a crypto phone everywhere is a good idea

Odaily reports: According to monitoring by on-chain analyst Yu Jin, a certain address shorted 13,830 ETH at a price of $2,366 at 11 PM last night, worth $32.72 million. At 7:30 AM this morning, ETH rebounded to $2,409, and 2,765 ETH of that address's position was liquidated, worth $6.66 million. Currently, 11,061 ETH of long positions remain, worth $26.64 million, with a liquidation price of $2,419, just $9 away from the current price.

Odaily reports that 10x Research's latest crypto market weekly report notes that the crypto market broadly suffered a sell-off last week, with altcoins declining significantly more than Bitcoin. The 141 tokens it tracks fell 14% on average, while Bitcoin dropped only 3% over the same period.10x Research states that trading volume in the crypto market is currently declining, stablecoin supply continues to contract, and ETF fund flows have turned to net outflows, reflecting mounting pressure on market liquidity.However, options market pricing indicates that pressure remains relatively low, while speculative positions in the CME futures market are near highs, suggesting that the derivatives market has not yet fully reflected the weak performance of the spot market.10x Research believes that investors should focus this week on key Bitcoin technical levels, Ethereum position allocation, as well as capital flows and position changes in the altcoin market.

Odaily report: According to monitoring by on-chain analyst Ember, a whale's BTC long position worth $110 million was not triggered by its market-price stop-loss. At 4 AM today, BTC dropped to a low of $80,684, still $184 away from the whale's $80,500 stop-loss price. At 5 AM, the whale closed the BTC long position at $80,949, incurring a loss of $3.26 million. Subsequently, the whale shifted to going long on $45.8 million worth of US stocks, including TSLA, DRAM, and SOXL.

Odaily reports: Crypto.com's prediction market trading platform and Novig filed suit against Missouri officials in federal court last Friday, asking a judge to bar the state from taking enforcement action against their sports event contracts. Previously, Missouri Attorney General Catherine Hanaway sent cease-and-desist letters in September to six platforms, including both companies, requiring them to stop offering sports event contracts to state residents within 30 days or obtain a state license and pay a 10% tax. Crypto.com said the cease-and-desist letter was mistakenly sent to Foris DAX, Inc. rather than the trading platform itself; the Missouri Constitution only permits the issuance of two mobile sports prediction licenses, and both have already been granted, making obtaining a license unfeasible.The two platforms argue that the Commodity Exchange Act grants the CFTC exclusive jurisdiction and preempts state law. Kalshi, Polymarket, Robinhood, and Underdog, which also received cease-and-desist letters in September, had not filed suit in Missouri federal court as of Sunday. Because multiple U.S. federal appellate courts are divided on whether federal law preempts state regulation, Novig has asked the court to issue a preliminary injunction during the litigation to maintain the status quo.

Odaily reports: According to OKX market data, BTC has broken through 82,000 USDT, currently trading at 82,003.6 USDT, with a 24H gain of 0.87%.

Odaily reports that according to OKX market data, ETH has broken above 2400 USDT, currently trading at 2401.66 USDT, with a 24H gain of 0.31%.