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More →More than half of Gen Z investors put money into sports betting but failed to turn a profit
According to Biji World News, Fortune reports that more than half of Gen Z investors shifted funds originally intended for investment into sports betting over the past year, but they are far from profitable. Bank of America research shows that one in five Americans views sports betting as an investment, and among Gen Z that proportion rises to one in four. The survey also found that 52% of Gen Z investors reallocated funds to sports betting over the past year, with 14% saying they place such bets multiple times a month. Although Gen Z has performed relatively well in betting, recovering more than 80 cents on average per month, they still have not achieved profitability. The survey also noted that Gen Z is optimistic about its financial future, with 56% of respondents believing their personal finances will improve in the coming year.
European defense tech companies have received $7.4 billion in venture capital funding so far this year, according to a report.
According to a report from Bijie, European defense tech companies have received $7.4 billion in venture capital so far this year, nearly three times the total funding for all of 2025.
Experts warn: The US debt crisis may have already begun.
According to news from Bijie, Financial Times journalist Robin Wigglesworth warned that the U.S. debt crisis may have already begun and is slowly unfolding rather than occurring through a sudden bond market collapse. He pointed out that U.S. debt servicing costs reached a record $1.1 trillion in fiscal year 2026, and the current U.S. national debt crisis is eroding the budget rather than forcing a default. Wigglesworth believes the United States may be in the early stages of a chronic debt crisis, although he is less concerned about this crisis than most people.
Bitcoin is about to see its first major bullish signal in a year.
Bitcoin (BTC) is currently priced at $86,199.69. Despite today's decline, its overall trend is showing mixed signals. The 50-day, 100-day, and 200-day simple moving averages are about to form a bullish alignment, marking simultaneous upward trends across the short, medium, and long term. This alignment would be the first since 2025. The current 50-day average is $79,495, noticeably higher than the other two averages, while the 100-day average is $79,493, rising and about to surpass the 200-day average of $79,539. Once this happens, all three averages will show a bullish alignment, indicating bullish momentum across all time frames. Traders often use moving averages to judge trend direction. When short-term averages are above long-term averages, it indicates that recent prices are stronger than historical prices, signaling upward momentum.
Binance will implement stricter crypto transfer restrictions for Brazilian users.
According to a report by U.Today on Bijie.com, Binance has announced that it will implement stricter restrictions on crypto transfers for Brazilian users. Starting November 1, some international crypto transfers will be blocked or frozen unless users provide more data to comply with Brazil's crypto regulatory requirements. Binance will require Brazilian users to share the intent of the transfer and detailed information about the counterparty when sending or receiving cryptocurrency. In addition, Binance will submit the collected data to the Central Bank of Brazil on a monthly basis. The new rules apply only to international transfers and do not affect crypto transactions between Brazilian residents.
LNG shipments through Hormuz rebound, easing supply tightness.
According to news from Bijie, LNG transportation through the Strait of Hormuz is recovering, and supply tightness is expected to ease. Liquefied natural gas shipments through the Strait of Hormuz have continued their recovery momentum since September, with gas-producing countries working to restore exports to customers facing tight energy supplies. According to ship-tracking data compiled by Bloomberg and Kpler, at least three LNG cargoes have left the Strait of Hormuz since last weekend. The volume of LNG shipped through the strait rose in September to the highest level since the Iran conflict broke out at the end of February, but it was still more than 75% below pre-war levels. The market is closely watching LNG transportation through the Strait of Hormuz for signs that supply tightness is easing. Last month's supply shortage pushed natural gas prices in Europe and Asia to their highest levels since the end of 2022. If transportation volumes continue to recover, it could help ease price pressure before the Northern Hemisphere winter arrives, as winter heating demand typically increases sharply. However, after several recent incidents, the risks facing shipping through the Strait of Hormuz remain relatively high.
Hyperliquid whale increases long positions in BTC and ETH, worth about $41 million.
Bijie.com data: Hyperliquid address 0xec4a…cf62 increased its BTC and ETH long positions on October 5, with a combined value of approximately $41 million. Among these, the BTC long position increased to about 360 coins, worth approximately $30.93 million, and the ETH long position increased to about 3,719 coins, worth approximately $10.09 million. The account value of this address is approximately $5.35 million.
US Crypto Tax Deadlines: What Investors Need to Know
According to data from Bijie.com: As the 2025 federal tax filing deadline approaches, U.S. crypto investors must submit their tax returns by October 15, 2026. The IRS stated that although taxpayers who request an extension receive additional time to file, unpaid taxes begin accruing interest and penalties from the original deadline. In the first tax filing season of 2025, many custodial brokers have already reported digital asset sales on Form 1099-da. The new form provides more transaction data, but most statements do not provide investors' cost basis. The IRS warned that taxpayers need to calculate the original purchase cost of their assets themselves in order to determine gains or losses. The 2025 Form 1040 requires every taxpayer to answer the digital asset question, and the IRS explained that taxpayers who receive digital assets need to report the related income. The IRS also pointed out that unpaid taxes may face a penalty, typically 5% of the unpaid tax.
Trump advisors call for Powell's resignation, potentially bullish for Bitcoin.
CoinWorld data: Trump's chief economic adviser Kevin Hassett called on former Fed Chair Jerome Powell to resign from the Federal Reserve Board during a Fox News program, opening a new debate over the direction of Fed policy. Hassett said Powell should "leave" in order to respect the Fed's independence. Trump has also called for Powell to be "forced to resign," continuing to pressure him. Powell's position is crucial to Bitcoin because he remains a member of the Federal Open Market Committee. Powell's departure would create a vacancy for Trump to nominate a new member, affecting future interest rate expectations. Although Powell's departure would not necessarily lower interest rates immediately, Trump's nomination would influence the Fed's monetary policy. Market expectations for an October rate hike have fallen to about 18%, while Bitcoin rebounded after weak September nonfarm payroll data, once breaking above $87,000.
Ethereum staking wait time reaches 25 days, with nearly 1.5 million ETH queued.
Data from Bijie: Ethereum's staking wait time has reached 25 days, with about 1.5 million ETH queued to exit. After MetaMask disclosed a security incident last week and began withdrawing validators, Ethereum's staking exit queue surged more than fivefold within three days, becoming the longest wait time since 2026. On September 29, about 166,000 ETH were waiting to exit, and by October 2, that number had climbed to about 851,000 ETH, accounting for about 2% of the 43.6 million ETH staked. As of Monday, about 786,000 ETH were still waiting to exit, worth more than $2 billion, with an expected wait time of nearly 14 days. Staking allows holders to earn rewards by submitting ETH to validators, and the network limits the speed at which validators can join or leave to prevent sudden changes in security.