On October 4, Michael Saylor, founder and executive chairman of Bitcoin treasury company Strategy, once again released information related to the Bitcoin Tracker, captioned 'More orange than ever.' According to previous patterns, Strategy typically discloses changes in Bitcoin holdings the day after such announcements.

On October 4, an Iranian Foreign Ministry spokesperson stated that Iran has responded to the U.S. proposal. The U.S. proposal is similar to previous ones, focusing on nuclear issues, while Iran wishes to emphasize the Strait of Hormuz.

Tom Lee, Chief Investment Officer at Fundstrat, explained in an interview why the current crypto bull market is different from previous cycles. He stated, "The cryptocurrency bull market that is beginning has been confirmed. As of the third quarter, cryptocurrency-related stocks are undoubtedly the best-performing assets." Discussing the differences in this cycle, he noted: "The 2016-2017 cycle had ICOs; the cycle during the COVID-19 pandemic featured NFTs and meme coins; last year's minor cycle involved stablecoins. These all belong to relatively narrow application scenarios, and the participants were mainly those who returned to the crypto industry after previous losses." Regarding the changes in this cycle, he said: "Tokenization will develop on a very large scale; the regulatory environment is becoming more supportive of the crypto industry; the government is also providing support; meanwhile, AI, intelligent agent systems, and related applications are being built around the crypto industry. This means a much larger user base will be involved." On the current market environment, he remarked: "The market has undergone significant price consolidation, in some cases lasting up to five years. With the arrival of this bull market, not only will there be decisive breakthroughs, but its duration and growth potential will far exceed previous cycles."

Market data shows that BTC has surpassed $85,000, currently priced at $85,004.01, with a 24-hour increase of 0.42%. The market is experiencing significant volatility, so please ensure proper risk management.

On October 4, WOLF Terminal reported that Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), discussed the follow-up work on the CLARITY Act: "Regulatory agencies already possess a significant amount of existing statutory authority. While working with the Presidential Working Group on Digital Assets, we also examined the statutory and legislative powers. The report includes an entire chapter dedicated to explaining how to utilize our existing regulatory authority." Regarding the current regulatory landscape: "The President has a plan in place, and we are prepared. The time for action has come. We will continue to roll out regulatory rules to ensure we are ready for the arrival of new financial sectors."

On October 1, Farside Investors reported that the Bitcoin ETF experienced a net outflow of $148.7 million yesterday, ending a streak of nine consecutive trading days of net inflows. Additionally, the Ethereum ETF saw a net outflow of $59.6 million yesterday.

On October 1, WTI crude oil dropped over 1.00% today, currently priced at $88.55 per barrel.

On October 1, the South Korean Composite Index expanded its gains to 1%, having previously dipped by 1%. In individual stocks, Samsung Electronics rose by 1.12%, and SK Hynix increased by 1.80%. In news, the Korea Customs Service released data on Thursday showing that the export amount for September, adjusted for working days, reached $120.9 billion, setting a new historical high with a year-on-year increase of 104.9%; the total chip exports in September surged by 263% compared to the same period last year, reaching a record $60.3 billion.

On October 1, South Korea will allow analysts to anonymously publish reports containing 'sell' recommendations.

On October 1, GlobeNewswire reported that Grayscale's Zcash ETF (ticker ZCSH) has completed its previously announced 3-for-1 stock split. The split took effect before the market opened on September 30, with trading occurring on a post-split basis that day. Shareholders recorded as of the close on September 28 received 2 additional shares for every 1 share held, distributed after the close on September 29. This means that each share before the split became 3 shares after the split, with the net asset value (NAV) per share approximately reduced to one-third of its pre-split value, while the total investment value for shareholders remains unchanged. Post-split, ZCSH continues to trade on NYSE Arca, with the CUSIP remaining the same. The filing discloses that ZCSH is an ETP, a fund not registered under the Investment Company Act of 1940, and does not directly hold ZEC.