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Jinse Finance reported that after last Friday's liquidation wave, the options market shows that investors are preparing for a possible further decline in bitcoin and ethereum. Sean Dawson, Head of Research at Derive.xyz, pointed out that short-term volatility sentiment in the market is heating up, with traders buying large amounts of bitcoin and ethereum put options to hedge potential risks. Data shows that in the bitcoin market, there has been a surge in demand for put options with strike prices of $115,000 and $95,000 expiring on October 31, while call options with a strike price of $125,000 expiring on October 17 have shifted from buying to selling, reflecting a bearish short-term market sentiment. In addition, traders are also focusing on ethereum options with strike prices of $4,000 (expiring October 31) and $3,600 (expiring October 17), while a large amount of put options with a strike price of $2,600 expiring on December 26 have also been bought. Coin Bureau co-founder Nic Puckrin stated that although the recent plunge has cleared excessive leverage, bitcoin needs to break through key resistance levels to reach new all-time highs.

Jinse Finance reported that the Financial Stability Board (FSB) has submitted a mid-term report to the G20, focusing on cross-border payments, cryptocurrencies, and stablecoins. The report points out that there has been limited progress towards cross-border payment goals, and the rapid growth of cryptocurrencies and their integration with traditional finance may impact financial stability. Although most countries already have regulatory frameworks in place, they mainly focus on anti-money laundering and sanctions compliance, and have not yet fully addressed financial stability risks.