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More →Major crude oil traders: Oil prices could hit $200 without transshipment operations.
According to news from Bijie, Russell Hardy, CEO of Vitol Group, the world's largest independent oil trader, said that ship-to-ship crude oil transfer operations in the Gulf of Oman have ensured the continued export of Middle Eastern oil. He pointed out: "Without this operation, oil prices could have reached $200 per barrel, so maintaining the transfer is crucial." In recent weeks, ship-to-ship transfer activity has increased significantly, and some estimates show that the current flow of oil shipped out through the Strait of Hormuz has reached or even exceeded the pre-war level of about 20 million barrels per day. However, the oil crisis is turning into a shipping crisis. Hardy said that shuttle transportation through the Strait of Hormuz is "extremely inefficient," and inefficient ship-to-ship oil transfer operations are squeezing global tanker capacity and pushing freight rates to unprecedented highs. Data shows that in early October, the average daily earnings of global crude oil tankers surpassed the historic high of $500,000, 10 times the average level in 2025. The cost of transporting crude oil from Saudi Arabia to Rotterdam has also soared from $2 per barrel to more than $35, further increasing pressure for fuel price increases.
Twenty One Capital CEO: Large wealth management firms begin advising clients to invest in Bitcoin
According to news from Bijie, the CEO of Twenty One Capital stated that an increasing number of large wealth management firms, such as Merrill Lynch, Bank of America, and Goldman Sachs, are actively advising their clients to include Bitcoin in their investment portfolios.
IMF: Tokenized assets reach $65 billion, facing multiple challenges
CoinWorld data: The International Monetary Fund pointed out that as of July, the scale of tokenized real-world assets reached 65 billion USD, far smaller than the global capital market assets of 300 trillion USD. Among them, tokenized credit products were about 30.4 billion USD, money market funds about 17.5 billion USD, and tokenized stocks about 2.3 billion USD. The liquidity of tokenized stocks is lower than that of traditional markets, and their actual volatility is about 1.5 times that of traditional stocks. Legal uncertainty, insufficient interoperability, and the lack of settlement assets restrict the development of tokenization, while increased market correlation and leverage may amplify liquidity risks. At present, the systemic risks brought by tokenized assets are limited.
Bitcoin funding rates fall to a nine-month low.
Coinpedia reports, citing data from Bige: Binance's Bitcoin funding rate has dropped to about -0.00215, the lowest level since January last year and below the 30-day moving average of about 0.00458. Negative funding could put shorts at risk if spot demand rises, but it does not guarantee a rebound. As Bitcoin's price fell back to around $83,000, bearish sentiment among futures traders has been growing. Analyst Arab Chain pointed out that the latest data marks a clear shift in funding levels from recent positive values to negative values, indicating a change in market sentiment. The current funding rate sends a warning, and traders need to watch funding and spot demand to determine whether bearish pressure will persist or whether the market faces the risk of a sudden surge.
IMF: Tokenized markets face legal uncertainty and liquidity risks
According to news from Biquan, an analysis by the International Monetary Fund (IMF) points out that the tokenized financial market is expanding rapidly, but legal uncertainty and the lack of interoperability constitute major obstacles. As of July, the outstanding value of tokenized RWAs was approximately 65 billion USD, far smaller than the global 30 trillion USD capital market-related repurchase agreements, whose average daily trading volume reaches 300 billion to 350 billion USD, making it only a fraction of the traditional U.S. repo market. Tokenized equities have relatively poor liquidity, with volatility about 1.5 times that of traditional assets. As interconnectedness increases, potential sell-offs, liquidity runs, and contagion risks will be amplified, and the IMF calls for improving the legal and regulatory framework.
The Bitcoin Fear and Greed Index is 59, placing it in the greed zone.
Bitcoin Fear and Greed Index latest reading is 59 (Greed), previous value 64, down 5 points from the previous value.
The U.S. Commodity Futures Trading Commission announced multiple cryptocurrency regulatory actions.
According to Watcher Guru, Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced that a framework for cryptocurrency market structure will be established, allowing developers to create passive derivatives software, and that rulemaking for cryptocurrency trading regulation will be launched. At the same time, the CFTC also released regulatory guidance for cryptocurrencies and tokenized assets, advancing investor protection measures to prevent market fraud.
CFTC: The United States will no longer stand by while the crypto industry moves overseas.
According to WatcherGuru, the U.S. Commodity Futures Trading Commission (CFTC) stated, "The United States will no longer stand by while the crypto industry moves overseas, with other countries setting the standards." Over the past month, CFTC Chairman Mike Selig has taken a series of actions, including: advancing the establishment of a formal crypto market structure framework, allowing developers to create passive derivatives software without broker registration, initiating new rulemaking to establish regulation of crypto trading and transactions, issuing updated regulatory guidance, proposing the first set of rules to regulate the U.S. crypto industry, and advancing new investor protection measures to prevent fraud, manipulation, and abusive practices in the market. The CFTC also stated that it will establish clear crypto regulation regardless of whether Congress passes legislation.
Bitcoin falls below $81,000, with $489 million liquidated across the crypto market in one hour.
Bitcoin price fell below $81,000, with $488.9 million in liquidations across the crypto market over the past hour, according to Bijie data.
The most recent funding rate for BTC perpetual contracts is 0.002128%.
Bjie.com data: The most recent funding rate for the BTCUSDT perpetual contract is 0.002128%, with longs paying shorts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.0026 percentage points; compared with the same-caliber snapshot 7 days ago, it rose by 0.0001 percentage points.