According to Odaily Planet Daily, as monitored by on-chain analyst Yu Jin, a whale address that bought ETH after the market crash on October 11 sold 6,028 ETH at an average price of $3,587 three hours ago, receiving 22.26 million USDC and incurring a loss of $320,000.

This address previously purchased 6,028 ETH on October 11 at an average price of $3,638 per ETH for 22.58 million USDC.

Odaily Planet Daily reports: US President Trump: It seems we are very close to ending the government shutdown. (Jinshi)

According to data from Polymarket regarding the end date of the US government shutdown, the strongest market prediction for the end date is November 8-11, with the probability of this option surging from a low to 66% in the past 24 hours.

The probability of the outbreak ending between November 12th and 15th has dropped sharply from a high level to 21%.

The lowest probability of a pessimistic forecast ending on or after November 16 is 7.2%.

Odaily Planet Daily reports that amidst the recent market downturn, Ethereum Layer 1 blockchain gas fees plummeted to a low of just 0.067 Gwei on Sunday. According to Etherscan data, the average fee for a single token swap is only about $0.11, and NFT transactions cost around $0.19. While low gas fees are beneficial for users, analysts warn that excessively low fees could foreshadow long-term fundamental problems for the Ethereum ecosystem. Since the Dencun upgrade in March 2024 significantly reduced Layer 2 network fees, Layer 1 revenue has declined sharply, raising concerns about network security incentives and sustainability. Critics argue that Layer 2 is cannibalizing mainnet Layer 1 revenue. (Cointelegraph)

Odaily Planet Daily reports that Spanish crypto KOL Álvaro Romillo (also known as CryptoSpain) has been ordered by a court to be detained without bail. He is accused of orchestrating a Ponzi scheme involving up to $300 million (approximately €260 million) through his organization, Madeira Invest Club (MIC). Prosecutors believe MIC defrauded approximately 3,000 victims. Romillo was arrested in Spain on Thursday after Spanish officials discovered a Singapore bank account that received €29 million, raising concerns about his flight risk. MIC allegedly promised investors high, fixed returns to entice them to invest in digital "art" contracts and luxury goods shares. (The Block)

Cryptocurrency prices saw a modest rise after US President Trump announced plans to pay most Americans a "at least" $2,000 tariff "dividend." BTC rose approximately 1.75% in the past 24 hours, reaching above $103,000; ETH rose approximately 3.32%, reaching above $3,487. This rise occurred after a generally sluggish weekly market, with the CoinDesk 20 index recovering from a nearly 15% weekly drop. However, experts point out that the payment plan requires congressional approval to be implemented, and current tariff revenue is far below the funds needed to pay the payment. (CoinDesk)

According to official social media reports, the Chinese decentralized exchange SunWuKong has surpassed 4.4 billion USDT in cumulative trading volume and has over 49,000 users. Currently, the platform offers USDT staking incentives, allowing users to stake USDT assets to earn up to 10% annualized returns. Staking does not affect user trading.

Odaily Planet Daily reports that Liquid Capital founder Yi Lihua posted on the X platform: "We're eyeing $7,000 for ETH in this round. Nothing is more important than the midterm elections, and nothing is more beneficial to them than distributing money. Looking back at the 2020 bull market, the core driver was also widespread monetary easing. Recent investment research data is all positive, and with the market shorts already fully in place, everything is ready for a new bull market. All we need to do is wait patiently and avoid futures contracts, as spot market volatility is already high enough. Actually, since the ETH rally started in April, it's only been a few months. As Buffett said, nobody wants to get rich slowly because humans have a genetic instinct to be impatient for quick results; we need to work hard to overcome these human weaknesses."

According to Odaily Planet Daily, as of now, Polymarket predicts a 73% probability of the Federal Reserve cutting interest rates by 25 basis points in December, and a 25% probability of keeping rates unchanged. However, according to CME's "FedWatch," the probability of a 25 basis point rate cut in December is 66.9%, and the probability of keeping rates unchanged is 33.1%.

The CME FedWatch tool's predictions for the Fed's next interest rate adjustment are made by professional interest rate traders, while Polymarket's predictions are the result of a group game among different traders through real betting.

According to Odaily Planet Daily, on-chain analyst Ai Yi's monitoring, ETH has returned to $3,500. "1011 Insider Whale" has recovered all his losses. He previously lost $1.3 million by closing his long BTC position, but his current long ETH position has a floating profit of $3.316 million, and his cumulative profit in the past week has returned to $1.774 million.

Odaily Planet Daily reports that Liquid Capital founder Yi Lihua posted on the X platform: "ETH is starting to rebound. Although the US government's reopening is uncertain, as the most crypto-friendly government, it continues to offer various favorable industry policies. For example, the CFTC is considering allowing stablecoins as collateral for tokenization. I remain optimistic about the future market trend and the strategy of buying on dips."

According to data from Coinglass, as reported by Odaily Planet Daily, a total of $62.2535 million in positions were liquidated across the network in the past hour, including $60.052 million in short positions and $221,500 in long positions.