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Odaily News: Chinese national Zheng Zhao has been extradited from the Netherlands to the United States and appeared in the Central District Court of California on Oct. 23. He is suspected of involvement in an investment fraud and money laundering case involving 174 US victims and more than $36.9 million in funds. The US Department of Justice (DOJ) said the fraud was operated by scam centers in Cambodia.

Prosecutors said more than $36.9 million was transferred through accounts controlled by accomplices into an account at Deltec Bank in the Bahamas, then converted into the stablecoin USDT and sent to digital asset wallets in Cambodia. Eight other co-defendants have pleaded guilty; Zheng Zhao faces a money laundering conspiracy charge and could face a maximum sentence of 20 years in prison if convicted. (Bitcoin.com News)

Odaily News: DeGods founder and well-known trader Frank posted on X in response to the community calling him "the best trader," saying the label is inappropriate and clarifying that his main perpetual contract wallet is still not profitable overall, and that most of the funds he has earned so far come from on-chain trades across various market cycles.

Previously, Frank briefly surpassed Bonk Guy to take first place in the cumulative profit and loss (PnL) rankings on the fomo platform, but Bonk Guy has now overtaken him again.

Odaily News: BTC critic, gold advocate, and economist Peter Schiff posted on X that Bitcoin is finally starting to weaken, and it is hard to believe it held up for so long. Bitcoin has now fallen below $80,000, and the next stop could be $75,000.

Schiff said that if this level fails to hold today, Bitcoin holders will face a very long weekend, especially ETF investors, since they will not be able to sell until Monday.

Odaily News: Crypto researcher Tom Wan posted on X that from Sept. 24 to Oct. 23, DEX trading volume of stock tokens on Robinhood Chain reached $3.68 billion, with 59% occurring outside regular US stock market trading hours.

Specifically, regular trading hours volume was $1.5 billion, accounting for 41%; pre-market volume was $677 million, accounting for 18%; overnight volume was $608 million, accounting for 17%; weekend volume was $532 million, accounting for 14%; and after-hours volume was $363 million, accounting for 10%.

Tom Wan noted that Nasdaq and NYSE Arca, owned by the New York Stock Exchange, plan to launch a trading mechanism on Dec. 6 offering 23 hours of trading per day, five days a week, but it can only cover part of the overnight trading demand and is mainly aimed at investors who already have access to the US stock market. Weekend trading remains a unique advantage of on-chain markets.

Odaily News: Se Yong Park posted on X that the market already has too many tokens, and the team has no intention of adding new tokens; instead, it hopes to help build a future where the strongest communities can continue to grow and thrive. Se Yong Park denied that fomo plans to launch a Solana ecosystem token issuance platform to compete with Pump.fun.

Odaily News: Trader Doctor Profit posted on X that his spot position established near $60,000 remains fully held, with the next target price maintained at $94,000, and that he will continue to add long positions if BTC falls back to around $80,000 again.

Doctor Profit further noted that although some market participants mocked him when Bitcoin previously fell from $84,000 to below $80,000, he has for weeks regarded $80,000 to $81,000 as the zone for adding to Bitcoin long positions, and that the current position is built for the long-term trend rather than chasing a short-term $4,000 gain.

Odaily News: Solana Company announced that it has been recognized as a strategic enterprise by the Hong Kong Special Administrative Region Government's Office for Attracting Strategic Enterprises (OASES) and included in the seventh batch of strategic enterprises. The company is the only blockchain infrastructure enterprise admitted by the office in 2026. Solana Company has already established an office in Hong Kong as its Asia-Pacific headquarters and regional operating base, with its management team overseeing Asia-Pacific operations. The company plans to conduct validator node operations in Hong Kong through the Pacific Backbone initiative.

Odaily News: Data from the Korea Securities Depository shows that from Oct. 1 to Oct. 22, individual Korean investors net purchased approximately $4.8 billion in US stocks, of which net purchases of the triple-leveraged US semiconductor ETF (SOXL) reached $3.548 billion (about 4.7 trillion won), accounting for 73.9% of total net US stock purchases during the period.

Meanwhile, the Korea Composite Stock Price Index (KOSPI) has fallen 18.83% this month. From Oct. 1 to Oct. 23, individual investors net purchased a combined 315.4 billion won in single-stock leveraged products tied to Samsung Electronics and SK Hynix, marking the first monthly return to net buying since regulators tightened rules at the end of July. (Chosun Ilbo)

Odaily News: According to Lookonchain monitoring, a whale added $5.67 million in USDC margin to a 93,184 ETH long position worth $214 million to avoid liquidation, bringing the new liquidation prices to $2,181.69 and $2,177.79. The position currently has an unrealized loss of $18.62 million and has paid $2.68 million in funding fees.

Odaily News: Musk posted on X that a new feature will be added allowing users to send $1 to other users via X Money simply by long-pressing the like button.

Odaily News: According to on-chain analyst Ai Yi, a Worldcoin project-linked address (0x9b66...98fE) has deposited a total of 10.5 million WLD, worth $4.857 million, to an exchange over the past 11 hours. The funds originated from WLD transferred by the project team 3 years ago; 3 days ago, another linked address also transferred tokens worth $1.61 million to an exchange.