A look at the key developments from the afternoon session on October 27th
7:00-12:00 Keywords: CZ, Ant Group, x402
1. CZ: In the future, will focus on investment business of YZi Labs, and has been invited to serve as a cryptocurrency industry advisor to heads of state in multiple countries;
2. Ant Group has applied for registration of "ANTCOIN" and other Web3-related trademarks in Hong Kong;
3. Tokens such as SUI, GRASS, EIGEN will see large unlocks this week, with a total value exceeding 3 billion US dollars;
4. Solana's co-founder retweeted x402-related articles and said "x402 is really great";
5. The entire network has liquidated 4.30 billion US dollars in the past 24 hours, mainly short positions being liquidated;
6. The total market value of stablecoins has reached 308.783 billion US dollars, with an increase of 1.305 billion US dollars in the past week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
LUNA - -17.56% over the past month: Significant Decline as Downtrend Continues
- LUNA fell 17.56% in a month, part of a 1-year 81.43% decline, signaling a bearish trend. - Technical indicators show consolidation after sharp selloff, with price nearing key support levels. - Prolonged weakness raises doubts about LUNA's fundamentals and competitiveness against alternatives. - Market uncertainty persists as it remains unclear whether this is a structural shift or cyclical correction.
Bitcoin News Today: "Large Investor Moves Indicate Crypto Market's 'Intense Fear' Could Precede a Rebound"
- Crypto whales and institutional traders are accumulating $19.94M in BTC and $18.71M in ETH via leveraged longs despite market declines. - Crypto Fear & Greed Index hit record low of 21, reflecting extreme panic among retail and institutional investors since October 30. - Bitcoin faces critical $108,000 support level, with technical analysis showing potential for $104k decline or $114k rebound by mid-November. - Market dynamics show institutional optimism contrasting retail fear, with whale activity seen

Victim Compensation Does Not Excuse Criminal Acts, Judges Inform SBF
- Sam Bankman-Fried’s legal team faces uphill battle as appeals judges question claims of unfair trial and lack of fraud intent. - Judges dismiss defense arguments, noting SBF admitted not relying on legal advice during FTX fund transfers. - Court rejects post-trial repayment claims, emphasizing criminal liability persists despite 90% customer fund recovery. - Case sets precedent for crypto accountability, with appeals unlikely to succeed without procedural errors.

Sequoia's Change in Leadership: Will Advancements in AI Help Restore Broken Trust?
- Sequoia Capital's Roelof Botha steps down amid reputational crises, ceding leadership to Alfred Lin and Pat Grady during strategic recalibration. - The transition follows Islamophobic controversy, COO's exit, and a $200M FTX loss, prompting cultural and financial restructuring efforts. - New leaders prioritize trust restoration via a $950M AI fund targeting disruptive startups, signaling a return to U.S.-centric operations and ethical accountability. - The shift reflects industry-wide adaptation to geopo

