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Crypto markets dropped after the Trump–Xi talks and Powell’s remarks, sparking $614M in long liquidations.Bitcoin and Ethereum Drop as Sentiment Turns to Fear
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- 18:13International Business Settlement: Acquired approximately 247 bitcoins between October 17 and November 7Foresight News: According to Jinse Finance, International Business Settlement (00147.HK) disclosed that between October 17 and November 7, it acquired 247.8694 bitcoins, valued at 25.7 million US dollars.
- 18:13Central Bank of Brazil: New cryptocurrency regulations will take effect in February 2026Foresight News reported, according to Golden Ten Data, that the Central Bank of Brazil has announced new regulations for the operation of the cryptocurrency market. The new cryptocurrency regulations will take effect in February 2026, and when using cryptocurrency for international transfers, the Central Bank of Brazil must be notified.
- 18:12Central Bank of Brazil: Algorithmic stablecoins have been bannedForesight News reported, citing Zhitong Finance, that the Central Bank of Brazil has announced a ban on algorithmic stablecoins and is prohibiting the trading of these assets. The agreements reached so far remain valid, but stablecoin-related business activities must cease.