10.18 AI Daily The crypto market enters the regulatory stage, ecological innovation and Compliance go hand in hand.

I. Headlines

OpenSea will launch the token SEA in the first quarter of 2026, with 50% of the supply allocated to the community.

OpenSea co-founder and CEO dfinzer.eth announced on social media that the OpenSea Foundation will launch the token SEA in the first quarter of 2026. This marks an important step for OpenSea towards a more open and community-driven future.

The total supply of SEA tokens is 1 billion, of which 50% will be allocated to the community. Early platform users and participants in the rewards program will be given significant consideration. In terms of tokenomics, 50% of the revenue at the platform's launch will be used for repurchasing SEA. In terms of application scenarios, SEA will be deeply integrated into the OpenSea platform, supporting staking for desired tokens and collectibles.

This move aims to provide more opportunities for participation and profit for the OpenSea community. Analysts believe that the launch of the SEA token will further enhance OpenSea's ecological influence and bring new vitality to the NFT market. At the same time, it will also promote the NFT sector towards a more decentralized and community-driven direction.

2. Solana has launched the SIMD-0337 proposal, introducing a fast leader handover mechanism to enhance network performance.

Solana has launched the SIMD-0337 proposal, aimed at introducing block tagging functionality to achieve a rapid leader handoff mechanism in Alpenglow. This technology allows leaders to immediately start block production based on the expected parent block without waiting for confirmation, advancing the block production time by approximately 120 milliseconds, and improving the inter-block reliable delay IBRL( by about 7.5%.

The new mechanism is implemented through the BlockHeader and UpdateParent markers, ensuring security against malicious actions while maximizing network throughput. Complete technical details have been published on GitHub.

Analysis indicates that this move will help further improve the performance and efficiency of the Solana network. The introduction of a fast leader handover mechanism will significantly shorten block production time, enhance overall throughput capability, and inject new vitality into the Solana ecosystem. At the same time, it demonstrates Solana's determination to continuously optimize the underlying network architecture and enhance its applicability in high-concurrency scenarios.

) 3. A certain whale address deposited 998 BTC into the exchange, losing 15.08 million dollars after holding for a week.

According to Onchain Lens monitoring, a certain whale address deposited all of its 998 BTC### worth 106.7 million USD( into the exchange 6 hours ago, having held it for only a week and incurred a loss of 15.08 million USD.

Analysis suggests that this move may indicate that the whale is planning to sell its BTC position. In the context of the ongoing downturn in the cryptocurrency market, the trading behavior of whale investors often triggers a chain reaction, further exacerbating market volatility.

On the other hand, some analyses indicate that whales transferring large amounts of BTC to exchanges may not necessarily be for selling. It could be for arbitrage, hedging, or other investment operations. After all, whales, as institutional investors, often have more complex and diversified trading strategies.

Regardless, the significant operations of whale addresses are worthy of high market attention. Their trading movements are likely to have some impact on Bitcoin prices, triggering new fluctuations in the market.

) 4. The US government seized $1.5 billion worth of Bitcoin, revealing a vulnerability in the generation of private keys for 220,000 wallets.

The US government has seized $1.5 billion worth of Bitcoin, revealing a critical wallet security flaw. The reason is that these Bitcoins came from a weaker private key of a faulty generator, affecting 220,000 addresses.

This vulnerability poses a direct hacking risk, especially for users utilizing non-reputable wallets. Analysis indicates that this incident once again highlights the importance of security in the cryptocurrency field, as the reliability of private key generation algorithms is directly related to the safety of funds.

At the same time, there are also viewpoints that believe that even if there are flaws in the generation of private keys, as long as users properly safeguard their mnemonic phrases, they will not be substantially affected. However, undoubtedly, this incident will push the industry to place greater emphasis on wallet security, promoting further improvement of related technologies.

Overall, this incident warns cryptocurrency users to pay more attention to the security of their funds, choose trustworthy wallet services, and develop good private key management habits to avoid economic losses.

5. The funding rates of mainstream exchanges indicate that the market is fully bearish, and Bitcoin is likely to test lower levels further.

According to data from Coinglass, the funding rates of major exchanges currently show that after a further decline over the past two days, the market is now fully bearish, with the contract trading pairs of mainstream assets on major trading platforms almost all having negative rates.

The funding rate is a fee set by the trading platform to maintain a balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. A negative funding rate indicates that short sellers dominate, reflecting the market's pessimistic expectations for the future.

Analysts point out that if Bitcoin breaks through $114,000, the cumulative long liquidation intensity on mainstream exchanges will reach $1.5 billion. Conversely, if Bitcoin falls below $104,000, the cumulative short liquidation intensity on mainstream exchanges will reach $1.5 billion. This suggests that Bitcoin may further decline in the future.

Overall, the changes in the exchange funding rates reflect a shift in investor sentiment, and the market's bearish outlook on the future of cryptocurrencies is spreading. Whether Bitcoin can stabilize at key support levels will determine the future market direction.

2. Industry News

1. Bitcoin's short-term rebound is weak, and investor sentiment is cautious.

The price of Bitcoin saw a slight rebound on October 18, but the increase was limited, rising only 1.3% within 24 hours, reaching a high of $107,000. Analysts pointed out that although there are signs of a short-term rebound for Bitcoin, a sustained reversal still requires the price to grow in sync with open interest or to see a significant influx of spot capital.

Market participants generally believe that the current decline reflects investors' continued negative sentiment. Many investors remain on the sidelines after the sharp drop, worried about the credit risks of U.S. regional banks and the unknown risks of defaults. The cryptocurrency fear and greed index remains in the extreme fear zone at 23, indicating an increase in cautious sentiment in the market.

Analyst Tom Lee stated that the current cautious sentiment stems from factors such as the tensions between the U.S. and China, large-scale deleveraging last week, and concerns over the “cockroach effect” of private credit. However, the shift of investor sentiment to extremely negative is a positive signal, and a follow-up rally may occur. CryptoQuant analyst Axel Adler Jr believes that the risk of cascading liquidations has fallen below peak levels, a short-term rebound is possible, but a sustained reversal requires a simultaneous increase in price and open interest.

2. Ethereum treasury stocks have been sold off, and investor sentiment is low.

The Ethereum spot ETF experienced a massive outflow of funds on October 17, with a net outflow of $232 million. Among them, BlackRock's ETHA saw a net outflow of $146.1 million, and Fidelity's FETH had a net outflow of $30.6 million.

Analysts point out that the outflow of ETF funds reflects investors' pessimism towards Ethereum. Against the backdrop of a continued slump in the cryptocurrency market, demand for Ethereum treasury stocks has weakened. Meanwhile, Ethereum treasury stocks have declined due to ETF outflows and weak market demand, with mine being the only active buyer.

However, in the long run, Ethereum's potential for institutional adoption is still recognized. Ethereum co-founder Joseph Lubin emphasized that tokenization on a smart contract-supported blockchain is crucial for institutional adoption. In addition, the continued efforts of core developers like Vitalik Buterin will also bring new development opportunities for Ethereum.

Overall, although Ethereum's financial stocks are under short-term pressure, the long-term outlook remains promising. Investors need to closely monitor changes in market sentiment and cautiously seize investment opportunities.

3. Solana key support for testing, analysts focus on rebound potential

The price of Solana dipped to the key support zone of $182-185 on October 18, attracting market attention to its rebound potential. Analysts believe that $180 is an important psychological level, and whether it can gain strong support here will determine the trend in the future.

According to the data, Solana's current total locked value ### TVL ( is $1.067 billion, and significant capital outflows indicate cautious market sentiment. If Solana cannot gain support around $180, it may further decline to lower levels.

However, the monthly RSI remains above 59 after retesting the breakout line, indicating sustained momentum and the continuation of a broader bullish macro trend. If Solana can stabilize at key support levels and attract sufficient capital inflow, it is expected to regain upward momentum.

Analysts suggest that investors closely monitor Solana's performance around the $180 line, as this will be an important reference for judging its future trend. At the same time, one should also be wary of the risk of further declines and cautiously manage risk appetite.

) 4. The performance of altcoins is diverging, and investors are focusing on new hotspots.

In the context of ongoing fluctuations in the cryptocurrency market, the performance of altcoins has diverged. Some emerging altcoin projects are being enthusiastically embraced by investors, while some established projects are underperforming.

Data shows that FLOKI and Bonk have been competing for dominance in the volatile world of meme coins. They embody the wild and rapidly changing characteristics of crypto culture, where the community drives the market and every tweet can potentially trigger a price movement.

Meanwhile, a new project called BullZilla performed outstandingly in top cryptocurrency investments on October 20, attracting market attention. The project aims to create value, drawing the attention of analysts, with a target of $2.5 by 2026.

However, some analysts hold a cautious view on the long-term prospects of altcoins. They believe that the performance of altcoins may be worse than expected, forcing industry participants to re-evaluate innovation and real use cases.

Overall, the altcoin market is undergoing a reshuffle, and investors need to be cautious in seizing investment opportunities, focusing on projects with real value, and avoiding blind speculation.

5. Regulatory policies are tightening, and the industry is calling for transparency.

Recently, multiple countries and regions around the world have introduced new regulations for cryptocurrencies, aiming to standardize market order and protect the interests of investors.

Japan is preparing to take a historic step by classifying cryptocurrency trading based on internal or non-public information as illegal for the first time, which could redefine transparency, accountability, and investor protection.

The U.S. Senate is also gradually approaching the reshaping of cryptocurrency regulation, and strong market structure legislation is about to bring the long-awaited certainty to the Bitcoin and digital asset ecosystem.

There are also voices within the industry calling for increased transparency. Ondo has pointed out that Nasdaq lacks open collaboration and transparent standards in promoting the tokenization transformation, depriving other companies of the opportunity for fair evaluation.

Analysts say that the increasing strictness of regulation is an inevitable trend, which is beneficial for the long-term healthy development of the industry. However, in the specific implementation process, it is still necessary to balance transparency and efficiency, taking into account the interests of investors and industry innovation. All parties in the industry should actively cooperate to jointly promote the continuous optimization of regulation.

6. Cryptocurrency exchanges layout new tracks, competing for traffic entry.

To expand their business landscape, mainstream cryptocurrency exchanges are actively entering new tracks, seeking traffic entry points.

The integration of Uniswap with Solana tokens marks its first step outside the Ethereum ecosystem, emphasizing user demand while maintaining its commitment to Ethereum development. This strategic move reflects the trend of multi-chain interoperability, aiming to enhance user access and participation.

At the same time, the KGENUSDT perpetual contract will be launched on October 20, supporting up to 50 times leverage, further enriching the derivatives product line.

In addition, AnteX is based on its self-developed Layer 1 public chain, integrating on-chain order books, matching engines, etc., while ensuring asset self-custody, providing a trading experience comparable to centralized exchanges.

Analysts believe that, driven by both user demand and industry competition, exchanges will inevitably accelerate their diversification efforts to provide users with a richer array of products and services. However, they must also remain vigilant about the risks associated with excessive expansion and maintain a prudent risk control awareness.

7. The ecological acceleration has landed, and the integration of virtual and real has become a trend.

The implementation process of our concept is accelerating, with the integration of virtual and real, and the coexistence of digital and physical becoming new trends in the industry.

The two major projects Anome and CyberCharge are jointly building the “virtual-real integration, digital-physical symbiosis” We Super Ecology. Anome is positioned as a “game × asset × growth” operating system, while CyberCharge creates an asset entry for high-frequency daily behaviors through the “Charge-to-Earn model” and gamified operations.

In addition, Astra Nova has raised $48.3 million to expand its tokenized content tools and creator platform suite, focusing on AI-driven We entertainment and infrastructure.

Analysts believe that the We ecosystem is accelerating its penetration into offline scenarios, seamlessly integrating the virtual world with the real world. This not only brings a brand new experience to users but also injects new vitality into the industry. However, it is also necessary to be vigilant about related risks and maintain rationality and prudence.

The development of the We ecosystem cannot be separated from the joint efforts of all parties. Only through the collaboration of the industry, users, and regulators can the true value potential of We be unleashed.

8. The cryptocurrency market sentiment is sluggish, analysts warn of risks.

Despite a slight rebound in mainstream cryptocurrencies like Bitcoin, the overall market sentiment remains sluggish, with heightened caution among investors.

Data shows that mainstream and funding rates indicate the market is fully bearish, with almost all contract trading pairs of mainstream assets on major trading platforms having negative rates.

Analysts warn that the outlook for Bitcoin is bleak and it may face a long-term downtrend. Some analysts have identified the $110,000-$120,000 range as a selling zone, predicting it will drop to the $60,000-$70,000 range by 2026.

At the same time, the operations of cryptocurrency whales have also attracted market attention. A whale holding a short position of over $500 million realized an unrealized profit of $39 million, highlighting the potential for substantial gains in the market as well as the risks of volatility.

Overall, there are still significant downside risks in the current cryptocurrency market. Investors should remain cautious, manage their risk exposure well, and also closely monitor potential rebound opportunities.

9. The industry hopes for clear regulations to promote long-term healthy development.

Recently, multiple countries and regions around the world have introduced new regulations for cryptocurrency, aiming to standardize market order and protect the interests of investors.

3. Project News

1. GoPlus Token Locker launches an innovative price-based release mechanism for locked assets.

GoPlus is a security infrastructure provider, and its Token Locker protocol has recently launched an innovative lock-up mechanism based on price release. This feature breaks through the limitations of traditional time-based lock-up, allowing individuals or project parties to create lock-ups for any token, and it can simultaneously set flexible release conditions based on both time and price.

By linking token unlocking to market performance, Price-Based Vesting effectively ends the era of “verbal commitments” and provides a smarter and more reliable token management and investor protection solution for We projects. The launch of this feature is seen as a groundbreaking evolution of the Locker product, which is currently available in Beta version and is undergoing third-party security audits.

This innovative mechanism is expected to bring positive impacts to the industry. Traditional time-locked storage often fails to fully align with market performance, resulting in a discrepancy between token value and actual investment value. Price-Based Vesting tightly links token unlocking to market performance, helping to enhance the rationality and fairness of token distribution and protect investors' interests. At the same time, it also provides project parties with a more flexible token management tool, which is beneficial for attracting investment and maintaining ecological vitality.

Industry analysts welcome this. Some experts believe that this innovative mechanism helps improve industry transparency and enhances investor confidence. However, others are concerned that excessive reliance on price releases may exacerbate token price volatility and introduce new risks. Overall, reactions within the industry to this innovative mechanism are mixed, but most believe it contributes to the healthy development of the industry.

2. Mine has likely increased its holdings by 203,400 ETH this week, approximately 800 million dollars.

According to monitoring, the cryptocurrency investment company mine may have increased its holdings by 203,433 ETH this week, amounting to approximately 800 million dollars, with an average price of about 3,935 dollars. This action has attracted widespread attention in the market.

mine is a company focused on cryptocurrency investment, which has previously made several large-scale purchases of major cryptocurrencies such as Bitcoin and Ethereum. This large-scale increase in ETH holdings is seen as mine's long-term optimism for the Ethereum ecosystem.

As the world's second-largest cryptocurrency, Ethereum has experienced significant fluctuations over the past year. However, with the successful completion of the Ethereum merger, its status as an infrastructure in the cryptocurrency field has been further solidified. This large purchase by mine may be a bet on Ethereum's future development prospects.

Industry analysts believe that mine's move may provide some support for the price of Ethereum. The involvement of large institutional investors will undoubtedly enhance market confidence in Ethereum. At the same time, some analysts point out that mine's substantial purchases could trigger other institutions to follow suit, further driving capital into the Ethereum ecosystem.

However, some viewpoints suggest that the large purchases by mine may not be able to completely reverse the current weak pattern of Ethereum. The cryptocurrency market itself carries significant uncertainty, and investors still need to remain cautious. Overall, mine's operation is seen as a long-term positive outlook on the Ethereum ecosystem, and its impact remains to be observed.

3. Astra Nova raised $48.3 million to layout We and AI entertainment ecosystem.

Astra Nova, focused on We and the artificial intelligence entertainment ecosystem, recently completed a $48.3 million financing round to expand its tokenized content tools and creator platform suite.

Astra Nova's flagship product TokenPlay AI allows creators to easily launch interactive experiences on the blockchain. The company has developed no-code tools that enable creators to launch blockchain-based entertainment experiences.

We and artificial intelligence are regarded as the two major hotspots for future development. Astra Nova combines the two, aiming to create a brand new entertainment ecosystem. By tokenizing content and providing no-code tools, Astra Nova offers creators a more free and open creative environment.

This financing will inject new momentum into the development of Astra Nova. The company plans to use the newly acquired funds to further improve its product matrix and attract more creators to join. At the same time, it will also increase investment in underlying technologies to enhance product performance and user experience.

Industry insiders believe that Astra Nova is in a promising sector. The combination of We and artificial intelligence is expected to give rise to new business models and application scenarios, bringing more possibilities for creators and users. As a pioneer in this field, if Astra Nova can seize the opportunity, it is likely to become a leader in the future.

However, some analyses point out that the combination of We and artificial intelligence is still in its early stages, and Astra Nova faces many technical and commercial challenges. Whether the company can ultimately succeed will take time to test. However, this financing undoubtedly provides important support for Astra Nova's future development.

4. Economic Dynamics

1. Federal Reserve officials release hawkish signals, and the pace of interest rate hikes may continue.

Economic Background: The US economy performed strongly in the first half of 2025, with an annualized GDP growth rate reaching 3.9%, far exceeding expectations. However, the inflation rate remains high, with core inflation hovering around 6%, significantly above the Federal Reserve's target level of 2%. The unemployment rate remains low at 3.5%, indicating a tight labor market.

Important event: In a speech on October 18, Federal Reserve official Moussailem released hawkish signals. He stated that although signs of an economic slowdown are increasingly evident, inflationary pressures have not eased, thus the Federal Reserve may need to continue raising interest rates to achieve the 2% inflation target. Moussailem emphasized that policy-making does not have a preset path and will make appropriate adjustments based on changes in data.

Market reaction: Musalem's speech intensified market expectations that the Federal Reserve will continue to raise interest rates. U.S. stocks fell slightly that day, with the S&P 500 index down 0.3%. The dollar index rose slightly, reflecting increased demand for the dollar by investors. Bond yields increased, with the 10-year Treasury yield rising to 4.25%.

Expert Analysis: Goldman Sachs analysts stated that despite obvious signs of economic slowdown, the labor market remains tight, and wage pressures have not diminished, which will force the Federal Reserve to continue decisive actions to control inflation. They expect the Federal Reserve to raise interest rates by 75 basis points in November this year and to continue raising rates next year until the benchmark rate reaches a high of 5%-5.25%. BlackRock's Chief Investment Officer believes that the Federal Reserve should slow down the pace of rate hikes to avoid triggering an economic hard landing.

2. The Bank of England has released a regulatory framework for stablecoins, which will officially take effect by the end of 2026.

Economic Background: The UK economy fell into recession in 2025, with GDP contracting for two consecutive quarters. The inflation rate rose to 9.2% in October, reaching a 40-year high. The unemployment rate slightly increased to 4.2%, but the overall job market remained robust. The exchange rate of the pound against the dollar fell by over 10% during the year.

Important event: The Bank of England released a regulatory framework for stablecoins on October 18. This framework will officially take effect at the end of 2026 and aims to ensure that the issuance and operation of stablecoins meet the requirements for financial stability and consumer protection. Key points include: stablecoin issuers must hold sufficient high-quality liquid assets as reserves; appropriate governance and risk management frameworks must be established; and regular disclosure of reserve composition and other information is required.

Market reaction: Stablecoin issuers welcome this, believing it will help improve industry transparency and trust. However, some industry insiders are concerned that overly strict regulation could hinder innovation. The cryptocurrency market reacted mildly, with Bitcoin slightly down 0.5% on the day.

Expert Opinion: Analysts from Deutsche Bank stated that the regulatory framework of the Bank of England provides a reference model for other central banks globally. They believe that as stablecoins become increasingly used in payment and settlement areas, establishing uniform regulatory standards will help reduce systemic risks. Bank of England Governor Bailey emphasized that the new framework aims to promote innovation and competition while ensuring financial stability.

3. China's GDP grew by 3.9% year-on-year in the third quarter, with an accelerated pace of economic recovery.

Economic Background: After being affected by the pandemic and geopolitical conflicts in the first half of 2025, the Chinese economy began to recover in the third quarter. Industrial production and export data show a stabilizing and rebounding trend, and consumer demand has also improved. However, investment in the real estate sector remains sluggish, which constrains overall economic growth.

Important Event: On October 18, the National Bureau of Statistics of China announced the GDP data for the third quarter. The data shows that the GDP in the third quarter grew by 3.9% year-on-year, higher than the 0.8% growth rate in the second quarter, and exceeding market expectations of 3.3%. The annual economic growth target is around 5%.

Market reaction: After the GDP data was released, the RMB exchange rate against the US dollar rose slightly. The A-share market also saw a slight increase, with the Shanghai Composite Index closing up 0.6%. The bond market reacted calmly. Analysts believe that positive economic data helps boost market confidence, but attention must still be paid to geopolitical risks and other uncertainties.

Expert analysis: The director of the Chongyang Institute for Financial Studies at Renmin University of China stated that the third quarter economic data exceeded expectations, indicating sufficient momentum for economic recovery. However, one must remain vigilant about inflationary pressures and the impact of geopolitical conflicts on foreign trade. He expects that the economy will further improve in the fourth quarter, with an annual growth rate likely reaching around 5.2%. Goldman Sachs Asian economists believe that the Chinese economy is in a phase of cyclical recovery, but long-term growth momentum still needs to be boosted. They suggest accelerating structural reforms to enhance productivity and innovation capabilities.

5. Regulation & Policy

1. Chairman of the U.S. Securities and Exchange Commission: The U.S. has fallen behind by ten years in the cryptocurrency space, and establishing a regulatory framework is a top priority.

Paul Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), stated at an event in Washington, D.C. that the U.S. “may have fallen behind by about a decade” in the cryptocurrency space, and establishing a comprehensive regulatory framework has become a top priority to attract innovators back and promote industry development.

Atkins pointed out that the SEC's goal is to “create a strong system that allows innovation to thrive” and to ensure that the U.S. becomes the center of the crypto space again. He believes that cryptocurrency is a “top priority” for regulators, and the SEC aims to establish a robust framework to bring back those who may have already left the U.S.

This statement reflects the urgent need for regulatory oversight of cryptocurrencies by U.S. regulators. In recent years, the cryptocurrency market has developed rapidly, but the lack of regulation has made it difficult to adequately protect investors' rights. The SEC has been working to keep pace with industry developments, but due to the emerging nature of crypto assets, existing regulations often cannot be directly applied.

Atkins's statement means that the SEC will accelerate the establishment of a cryptocurrency regulatory framework. A series of new regulations are expected to be introduced in the future to clarify the legal status of cryptocurrencies, trading rules, anti-money laundering requirements, and more, creating a more transparent and orderly environment for investors. At the same time, the SEC may also increase penalties for certain violations to maintain market order.

Industry insiders welcomed this. Coinbase CEO Brian Armstrong ### said that reasonable regulation will benefit the long-term healthy development of the industry. However, he also emphasized that regulation should not be too strict to avoid stifling innovation. Overall, the industry hopes that the SEC can seek a balance between protecting investors' rights and promoting innovation.

( 2. The Bank of England plans to introduce regulatory rules for stablecoins by the end of 2026.

According to informed sources, the Bank of England plans to introduce new stablecoin regulatory rules by the end of 2026 and will launch a public consultation on this on November 10. The new regulations will closely align with U.S. rules, focusing on bonds that support digital assets.

This move aims to address the financial stability risks posed by the proliferation of digital currencies. Sources say that the Bank of England also plans to allow a large amount of assets supporting stablecoins to earn interest to attract issuers.

Stablecoins are a type of cryptocurrency that is pegged to traditional currencies or other assets, designed to maintain a stable value. In recent years, with the rapid development of the cryptocurrency market, the use of stablecoins has become increasingly widespread, but it has also attracted the attention of regulatory agencies.

The action taken by the Bank of England reflects its concern over the risks associated with stablecoins. If not managed properly, stablecoins can lead to systemic risks that affect financial stability. Therefore, establishing uniform regulatory rules to standardize the issuance and operation of stablecoins is crucial for maintaining market order.

It is reported that the new regulations from the Bank of England will reference the United States' regulations on the backing of stablecoins, requiring them to primarily consist of government bonds with a remaining maturity of no more than three months. This approach aims to ensure that stablecoins have sufficient liquidity support and reduce systemic risk.

Industry insiders expressed understanding. The operators of Tether stated that reasonable regulation is beneficial for the long-term healthy development of the stablecoin industry, and they will actively cooperate with regulatory requirements. However, some individuals are concerned that overly strict rules may limit the innovative space of stablecoins.

Overall, the regulatory measures of the Bank of England reflect the increasing emphasis of global regulatory agencies on cryptocurrencies. It is expected that in the future, countries will strengthen cooperation in this area to jointly maintain financial stability.

) 3. Japan plans to implement a ban on insider trading in cryptocurrencies, which may lead a new trend in global regulation.

Japan is preparing to take a historic step by classifying cryptocurrency trading based on internal or non-public information as illegal for the first time, which could change the global perspective on cryptocurrency regulation.

According to the plan of the Japanese Financial Services Agency, in the future, anyone who engages in cryptocurrency trading after gaining insider information will be considered insider trading and will be deemed illegal. This regulation aims to enhance the transparency of the cryptocurrency market and protect the rights of investors.

Insider trading has always been a persistent problem in traditional financial markets. Traders profit from non-public internal information, severely undermining market fairness and harming investors' interests. To this end, countries around the world have enacted strict prohibitions, classifying insider trading as a serious crime.

However, in the cryptocurrency market, insider trading has always existed due to the lack of unified regulation. Japan's move to bring cryptocurrencies under insider trading management is seen as a beginning to reshape the global regulatory landscape.

Japanese regulators have stated that the opacity of the cryptocurrency market poses significant risks to investors. Classifying insider trading as illegal will help enhance market transparency, maintain a fair competitive environment, and thereby attract more investors to enter the market.

Reactions from industry insiders have been mixed. Well-known cryptocurrency exchange Coinbase has expressed its welcome and support for this regulatory measure, believing it will benefit the long-term healthy development of the industry. However, some are concerned that overly strict regulations could stifle innovation and hinder the development of the cryptocurrency market.

Analysts point out that Japan's move may lead to a new global regulatory trend. In the future, other countries and regions may follow suit, thereby promoting the cryptocurrency market to develop in a more regulated and transparent direction. Of course, in the specific implementation process, how to balance regulation and innovation still requires in-depth discussion from all parties.

4. The U.S. Senate advances cryptocurrency regulatory legislation, aiming to bring certainty to the market.

As the U.S. Senate gradually approaches the reshaping of cryptocurrency regulation, momentum in Washington is rapidly growing, and strong market structure legislation is set to bring much-anticipated clarity to the Bitcoin and digital asset ecosystem.

The Senate is currently reviewing a proposal called the “Responsible Cryptocurrency Innovation Act.” The bill aims to establish a comprehensive regulatory framework for the cryptocurrency market, clarify the regulatory responsibilities of various agencies, and set regulations regarding the definition, issuance, and trading of cryptocurrencies.

The bill was jointly initiated by Senators Kirsten Gillibrand### and Cynthia Lummis###, and it has received broad bipartisan support from senators. Gillibrand stated that cryptocurrency has become an undeniable force, but there are significant flaws in the current regulation, and there is an urgent need for unified rules to bring certainty to the market.

If the bill is passed, the U.S. Securities and Exchange Commission ( SEC ) and the Commodity Futures Trading Commission ( CFTC ) will respectively regulate the cryptocurrency securities and commodity markets. At the same time, the bill will also establish regulatory principles for emerging fields such as decentralized finance ( DeFi ).

Industry insiders reacted positively to this. Coinbase's Head of Public Policy Fai Arjun ( stated that the bill brings the long-needed regulatory certainty to the cryptocurrency industry, which will help attract more institutional investors.

However, some individuals are skeptical about the bill. The Executive Director of the cryptocurrency think tank Coin Center, Gray Miller, believes that the bill is too vague and lacks a deep understanding of the nature of cryptocurrencies, which could lead to new regulatory loopholes.

Analysts point out that regardless of the specific direction of the bill, it signifies that U.S. regulators are accelerating the progress of cryptocurrency regulation. In the future, other countries and regions around the world may also follow the U.S. approach, creating a more regulated and orderly environment for the cryptocurrency market.