Odaily Planet Daily reports that JPMorgan Chase's trading division stated that the longest losing streak for U.S. stocks since August has created opportunities for bargain hunters. The S&P 500 fell for four consecutive days, accumulating a 3.4% drop by Tuesday's close, as investors worried about the sustainability of the artificial intelligence concept stock rally and the Federal Reserve's monetary policy path. Andrew Tyler, JPMorgan Chase's global head of market intelligence, said this pullback represents a "technical shakeout" in the stock market, and the adjustment period may have ended. "Given that there have been no changes in the fundamentals, and our investment assumptions do not rely on the Fed easing policy, now is the time to buy on the dips," Tyler wrote in a report to clients on Wednesday. (Jinshi)

Odaily Planet Daily reports that shares of cryptocurrency and social media company Trump Media & Technology Group have plummeted, falling nearly 70% this year, including a 34.6% drop last month alone. Coupled with the sluggish cryptocurrency market, the Trump family's wealth has evaporated by more than $5 billion. It is reported that Trump himself indirectly holds approximately 115 million shares in the company. (NYPost)

According to Odaily Planet Daily, economist Alex Krüger pointed out in an article on the X platform that since 2018, Bitcoin has experienced 11 crashes. While short-term weakness is common after each crash, a rebound has occurred almost every time. This pattern is one of Bitcoin's most reliable behavioral advantages: when panic reaches its peak, expected returns tend to rise sharply. In past cycles, whenever the cryptocurrency fear and greed index fell to 10 or below, Bitcoin consistently delivered strong expected returns.

Odaily Planet Daily reports that data uncertainty has exacerbated the uncertainty surrounding Federal Reserve policy, as many Fed officials expressed concerns about sticky inflation and remained cautious about further rate cuts. This has also kept U.S. Treasury yields within a relatively narrow range, as traders await new catalysts to change market pricing. "We've lacked guidance from top-tier economic data for far too long, and it's difficult to form a highly confident judgment about the current state of the U.S. economy until we start seeing the data," said Michael Lorizio, head of U.S. interest rates and mortgage trading at Manulife Investment Management. The upcoming minutes of the Fed's October meeting may further reveal how many policymakers might oppose a rate cut in December. "When there seemed to be a lot of disagreement before, the summary information from today's minutes could help further shape market expectations for the December meeting," Lorizio said. (Jinshi)

Odaily Planet Daily reports that financial giant Jane Street has disclosed its purchase of 1.15 million shares of Bitcoin mining company Mara Holdings (MARA), worth $13 million. (BitcoinTreasuries)

According to data from Coinglass, as reported by Odaily Planet Daily, $111 million in positions were liquidated across the network in the past 4 hours, mainly long positions. Among them, approximately $37.48 million in ETH positions were liquidated and approximately $29.47 million in BTC positions were liquidated.

According to Odaily Planet Daily, on-chain analyst Yu Jin reported that Machi Dage's ETH long positions were liquidated, resulting in a 20% liquidation of his position, approximately 775 ETH.

Odaily Planet Daily reports that Federal Reserve Governor Milan, in a keynote speech on "Bank Supervision and the Federal Reserve Balance Sheet," stated that he strongly supports simplifying bank supervision and believes the Fed should consider exempting Treasury bonds and central bank reserves from the calculation of bank leverage ratios. Milan stated that he supports a natural balance sheet runoff, but had hoped the Fed would immediately halt quantitative tightening (QT) at the October 28-29 FOMC meeting. Milan pointed out that a smaller Fed balance sheet would reduce interest payments to banks, and the size of the balance sheet should depend on a "gradual stripping" of regulatory requirements. (Jinshi)

According to Odaily Planet Daily, based on monitoring by on-chain analyst Yu Jin, a whale that shorted ASTER worth $50.62 million after CZ posted his ASTER holdings is currently experiencing a floating loss of up to $21.5 million due to his long position.

After posting his trades on CZ, he shorted ASTER at $1.2. ASTER later rebounded to $0.84, giving him a paper profit of over $16 million. However, he closed his position a few days ago after a rebound, so he ultimately only made a profit of less than $1 million.

After closing his ASTER position, he opened long positions in ETH and XRP worth $300 million. The opening price for ETH was $3,220, and for XRP, it was $2.29. With the market continuing to decline in recent days, these two long positions have suffered significant losses, currently amounting to a paper loss of $21.5 million.

According to data from Coinglass, as reported by Odaily Planet Daily, a total of $39.8618 million in positions were liquidated across the network in the past hour. Among them, $26.2213 million were long positions and $13.6406 million were short positions. In addition, $13.34 million were liquidated in ETH and $13.16 million in BTC.

Odaily Planet Daily reports that White House National Economic Council Director Hassett stated that inflation is now "more under control," but not completely resolved, having previously been out of control. (Jinshi)

Odaily Planet Daily reports that Block, the fintech and Bitcoin payments giant founded by Twitter founder Jack Dorsey, announced today that it is expanding its stock buyback program to $5 billion, reportedly as part of the company's overall capital allocation strategy. (Businesswire)

Odaily Planet Daily reports that David Schwartz, Ripple's Chief Technology Officer (CTO) and one of the founding architects of XRP Ledger, has proposed a new staking model that could revolutionize how the blockchain network operates. This discussion originated from a long tweet on X by Ripple's Senior Director of Engineering, J. Ayo Akinyele, exploring the possibility of adding staking functionality to XRP Ledger. (TheStreet)