The crypto market is recovering from the impacts of the "black swan" event.

● The crypto market is recovering from the impact of the "black swan" event.
According to BlockBeats, on October 11, the crypto market is recovering from the impact of the "black swan" event, with the total market capitalization gradually rising to currently report 3.7 trillion dollars, and the decline in the altcoin market is quickly narrowing. Previously, Ethereum had once fallen below 3,500 dollars, with most altcoins dropping over 80%.
● Trump: Considering a significant increase in tariffs on Chinese products entering the United States.
According to Deep Tide TechFlow, on October 10, U.S. President Trump posted on social media, "One of the policies we are currently considering is significantly increasing tariffs on Chinese products entering the United States. There are many other countermeasures being seriously considered as well."
● The U.S. Bureau of Labor Statistics will release the September Consumer Price Index on October 24.
According to BlockBeats, the U.S. Bureau of Labor Statistics plans to release the consumer price index for September 2025 on October 24 at 8:30 AM (8:30 PM Eastern Time).
● Sources: Bessent has narrowed the list of candidates for Federal Reserve Chair to 5 people.
According to Deep Tide TechFlow, on October 10, U.S. Treasury Secretary Basent narrowed the list of candidates for the Federal Reserve chair from 11 to 5, with the final nominee likely to be announced in January next year. The list includes current Federal Reserve officials Bowman and Waller, National Economic Council Director Hassett, former Federal Reserve Governor Warsh, and BlackRock CIO Rick Rieder.
The Ministry of Finance plans to conduct a new round of interviews for candidates in the coming weeks, hosted by Besant. Since Besant will attend an international conference and accompany the president on a visit to Asia, the interview process may be delayed until after Thanksgiving, with the final list to be submitted for Trump's decision.
● Morgan Stanley lifts restrictions on wealth management clients holding encryption funds.
According to BlockBeats, on October 10, market news stated that Morgan Stanley has lifted the restrictions on its wealth clients holding encryption funds.
● The number of individuals globally with million-dollar encryption assets has reached approximately 241,700, a 40% increase from last year.
According to a report by Deep Tide TechFlow, on October 10, CNBC stated that the number of individuals globally holding cryptocurrency assets worth over 1 million USD has reached approximately 241,700, an increase of 40% compared to last year. This includes 450 cryptocurrency billionaires and 36 cryptocurrency billionaires.
Research shows that for every dollar of encryption wealth gained, cryptocurrency investors tend to spend about 9.7 cents, which is more than double the marginal propensity to consume from stock market or real estate gains. In 2024, cryptocurrency gains are expected to contribute an additional $145 billion in spending, accounting for 0.7% of total consumption in the United States.
● The listed company holds 5.7 million ETH, and the Ethereum ETF reserves reach 6.93 million ETH.
According to PANews, the publicly listed company currently holds a strategic reserve of 5.7 million ETH, valued at 25 billion USD, while the Ethereum ETF reserve has reached 6.93 million ETH, valued at 30.1 billion USD.
● Analyst: U.S. government shutdown may delay Cardano ETF approval until 2026.
According to Deep Tide TechFlow, on October 10, due to the prolonged shutdown of the U.S. government, the U.S. Securities and Exchange Commission (SEC) is operating only with essential staff, and the review of cryptocurrency ETFs has been frozen. Analysts believe that the suspension may delay the much-anticipated ETF decision for Cardano beyond the 2025 deadline, extending it to 2026.
According to the SEC's contingency plan, only about 390 of its 4,200 employees continue to work during the government shutdown, focusing on emergencies and market monitoring, rather than new product approvals.