Eight people arrested in the JPEX case have been released on bail, and KOL Lin Zuo has left the Hong Kong Police Station
Odaily News Hong Kong police previously arrested 8 people involved in the JPEX case and were released on bail pending investigation on the evening of September 19, but they must report to the police in mid-October. At about 9 p.m., Yumei, the girlfriend of one of the arrested KOL Lin Zuo, appeared at the Central District Police Station holding a briefcase. At nearly 10 p.m., Yumei left the front door of the police station and did not answer reporters questions. Some media captured Lin Zuo leaving at the back door of the police station at the same time. (Ming Pao) Previously, Hong Kong police arrested JPEX promotion internet celebrity Lin Zuo on September 18, which may be related to the crisis of the crypto exchange JPEX. The police searched Lin Zuo’s office in the Entertainment District in Central. The case is now being handed over to the Commercial Crime Bureau for follow-up. After JPEX was named by the Hong Kong Securities Regulatory Commission, new withdrawal restrictions were added. Investors could only withdraw a maximum of 1,000 USDT, and the handling fee was once as high as 999 USDT. After JPEX launched the measures, Lin Zuo once said that he had suffered heavy losses and said he would help follow up on the incident.
Odaily News: CME Group CEO Terrence Duffy stated that the U.S. Commodity Futures Trading Commission's (CFTC) attempt to expand its regulatory authority over prediction markets is "a bit of a stretch," and that the related regulatory dispute could ultimately reach the U.S. Supreme Court.Speaking at the DC Fintech Week event on Tuesday, Duffy said the battle over prediction market regulation could evolve into a legal showdown among state governments, tribal governments, and the federal government. "This is going to the Supreme Court, and I think the states and the tribes will prevail," he said. (The Block)
Odaily reports: Trader Killa says that for Bitcoin (BTC) to replicate its 2023 price action, it needs to form a higher low (HL) above $75,500 and ideally hold the low near $80,000.After Bitcoin recently reclaimed its short-term structure around the $82,000 zone, it pulled back to test and broke through again, with short-term price action showing strong characteristics of "bull traps and bear traps." When BTC previously fell from $84,100 to $81,000, the structure appeared weak, but a large number of shorts entering at the lows fueled the subsequent rebound.Killa noted that during the drop from $84,100 to $81,000, long liquidations totaled approximately $300 million, while during the earlier decline from $86,800 to $80,600, long liquidations exceeded $2 billion, indicating that the market's leverage structure is improving and the proportion of longs has declined compared to before. The market now needs to form a higher low and initiate the next leg up; otherwise, this correction could break below $80,000.
Odaily reports that according to MSX.COM data, US mega-cap cloud providers including Microsoft and Google rallied collectively. Google-A shares rose 1.07% to $356.510 per share, with a total market capitalization of $4.36 trillion.Microsoft shares rose 1.6% to $549.795 per share, hitting another record high, with a total market capitalization of $4.08 trillion. Amazon shares rose 0.93% to $261.950 per share, with a total market capitalization of $2.83 trillion.
According to MSX.COM data, Apple's stock price rose 1.74% in early trading to $346.892 per share, with a total market cap of $5.06 trillion, setting a new all-time high.
According to Lookonchain monitoring, today U.S. Bitcoin ETFs saw a net outflow of 788 BTC, with a 7-day net outflow of 8,267 BTC; Ethereum ETFs saw a net outflow of 29,926 ETH, with a 7-day net outflow of 217,087 ETH.
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