Odaily News: If Democrats win a majority in the House or Senate in the U.S. midterm elections, while it may not necessarily prevent the Trump administration from advancing deregulatory policies for Wall Street banks, prediction markets, and the crypto industry, it would gain stronger investigative and oversight tools.If Democrats control either chamber of Congress, they would have subpoena power, larger investigative teams, and the authority to compel government officials and corporate executives to appear at hearings. Wall Street financial institutions, crypto companies, and related regulatory agencies could face more scrutiny. It is reported that crypto industry figures are particularly watching whether Representative Sean Casten may wield greater influence after Democrats regain control of the House Financial Services Committee. Casten has previously pushed to strengthen crypto regulation and opposed the industry-backed CLARITY Act. (Reuters)

Odaily News: U.S. President Trump stated that effective immediately, the Russia-Ukraine war has reached an "energy ceasefire." Both sides have agreed that no destruction shall take place. (Sina Finance)

Odaily News: U.S. Treasury Secretary Bessent stated that U.S. President Trump does not expect any military conflict before the midterm elections. Diesel transactions with Russia are beneficial to Americans, and we will use all legal authorities to conduct diesel transactions with Russia. (Sina Finance)

Odaily News: U.S. Treasury Secretary Bessent sent a letter to Senator Elizabeth Warren in response to her questions regarding the Treasury Department's related policies, stating that Warren's understanding of financial markets "lacks foundation," criticizing her previous support for the Biden administration's spending policies, and attributing the economic consequences to the Federal Reserve rather than fiscal policy.In response to Warren's claim that recent U.S. "intervention measures are unprecedented," Bessent said in the letter that the relevant Treasury buyback program has been in place since May 2024 and has been welcomed by market participants. The program aims to enhance liquidity in the U.S. Treasury market, reduce market volatility, improve the convenience yield of Treasuries, and secure better value for taxpayers. The tax policies promoted by the Trump administration are benefiting families and workers, including measures such as tax exemptions on overtime income, tax exemptions on tip income, additional deductions for seniors, and the child tax credit.

Odaily: On October 11, 2025, the crypto market suffered a historic crash, with total single-day liquidations across the network exceeding $19 billion, setting a record. At the time, Bitcoin had just hit an all-time high of $126,080 on October 7, but at around 16:50 Beijing time on October 11, the BTC price fell from approximately $116,900 to $102,000 within 30 minutes, a drop of 12.7%.During the crash, several trading platforms experienced extreme price deviations. ATOM briefly dropped to $0.001 on Binance, while its lowest price on Coinbase was $3.56; on Binance, wBETH briefly fell to $430, BNSOL dropped to $34.90, and USDe fell to $0.65. After the incident, Binance paid approximately $283 million in compensation to affected users.Additionally, on-chain data shows that a Hyperliquid whale completed an approximately $400 million BTC short position before Trump released tariff-related news, sparking speculation about insider trading. Arkham had referred to the whale as the "Trump Insider Whale," but Garrett Jin, a person associated with the relevant address, denied any connection to Trump, and the allegations remain unverified to this day.

1. Bitcoin spot ETFs saw a total net inflow of $21.1281 million yesterday, with BlackRock's IBIT leading at $22.38 million in net inflows;2. Ethereum spot ETFs saw a total net outflow of $56.1001 million yesterday, marking 9 consecutive days of net outflows;3. Robinhood Chain's average daily transactions dropped 42%, with spot trading volume falling to $7.45 billion;4. Analysis: Ethereum still holds reserve asset value, with 36% of its supply already staked;5. Trump: Oil shipments through the Strait of Hormuz have surpassed pre-Iran war levels, urges US oil companies to lower prices;6. Former FTX COO criticizes Netflix's new show "The Altruists" for inaccuracies, turning the FTX scandal into a love story;7. Pump.fun is developing perpetual contract trading functionality powered by Hyperliquid;8. Franklin Templeton, with $1.79 trillion in assets under management, explores regulatory exemption for tokenized fund trading;9. Ending with a loss of $907,000, Binance futures smart money trader "Single Wife" who once had $2.19 million in unrealized gains exits holding 18.29 million Lobster tokens;10. The US National Credit Union Administration plans to add 26 new stablecoin reporting fields;11. An 11-year-old vulnerability has been fixed — the XRP Ledger previously had a payment system flaw that could generate XRP out of thin air.

1. OpenAI and Anthropic are competing to recruit former Trump administration officials to strengthen ties with the White House;2. A high-risk vulnerability in Telegram Desktop can steal arbitrary local files, fixed in version 7.2.9;3. Kalshi traders predict that the number of global AI data centers will exceed 5,100 by 2027;4. Blockchain.com seeks U.S. approval to engage in prediction markets and cryptocurrency derivatives trading;5. Ripple co-founder Chris Larsen has donated at least $22.5 million in the current U.S. election cycle;6. A DWF Labs entity sues BitGo for $141 million, alleging breach of token lock-up agreement;7. Russia-U.S. leaders phone call: Putin says Russia currently cannot resume negotiations with Ukraine;8. Suspending all brand hardware wallet sales and shipments in three Southeast Asian countries, CryptoBilis temporarily closes physical stores;9. SlowMist: Ledger hardware wallets suspected of being implanted with spy modules that can capture seed phrases displayed on screen;10. South Korea plans to include crypto payments above $50,000 in declaration scope, crypto exchanges required to retain external wallet addresses for 6 years;11. Dragonfly partner questions the "bunker mode": migrating addresses cannot solve the risk of AI cracking cryptographic signatures.

Odaily: U.S. President Trump stated that under U.S. military operations, the United States has fully controlled the Strait of Hormuz, and the volume of oil currently transported through the strait has exceeded levels before the outbreak of the Iran war.Trump also said that Russia has agreed to supply large quantities of petroleum products to the United States, mainly diesel. He simultaneously urged U.S. refiners and retailers to immediately lower oil prices, saying the United States has already provided them with ample oil supply. The above statements are all unilateral remarks by Trump, and the relevant situation is yet to be independently verified.

Odaily News: Russian Presidential Aide Yuri Ushakov briefed on the phone call between the Russian and US leaders in the early hours of the 10th local time. Ushakov stated that during the call, Putin provided a detailed account of the measures Russia has taken in response to terrorist attacks carried out by the Ukrainian armed forces. Putin said that Ukraine's attempts to disrupt Russia's State Duma elections and carry out attacks on the civilian population have undermined the possibility of immediately resuming negotiations. Putin also noted that Ukraine's attempts to halt the advance of Russian forces have no prospect of success, and that the Russian military currently holds full initiative on the battlefield and is continuing to advance. Putin emphasized that due to Ukraine's position, particularly its attempts to disrupt the Russian State Duma elections, it is currently impossible to resume negotiations with Ukraine. Trump has instructed that the information conveyed by Putin during the call be passed on to the Ukrainian delegation. Ushakov said that regarding a bilateral meeting between Putin and Trump, the two sides have not yet held specific discussions. (CCTV News)

Odaily News: U.S. President Trump stated that 28 million barrels of oil were shipped out of the Strait of Hormuz yesterday, and a major announcement on diesel is coming soon. Trump reiterated that energy prices will decline after the Iran war ends.