According to on-chain analysis platform THE DATA NERD, Cumberland has been withdrawing a variety of mainstream and meme assets over the past week, totaling over $86 million. These withdrawals include 17,243 ETH (approximately $71.37 million), 224,000 AVAX (approximately $5.25 million), 892 billion PEPE (approximately $7.17 million), 203.5 billion SHIB (approximately $2.17 million), 102,000 LINK (approximately $880,000), and 220,000 UNI (approximately $1.48 million). Just eight hours ago, the same institution withdrew another 20.355 billion SHIB, worth approximately $2.17 million.

According to Odaily Planet Daily, FTX founder SBF posted on the social media platform GETTER that he was being politically persecuted by the Biden administration. He stated that he remained center-left in 2020, but after witnessing Gensler and the Biden administration's series of actions in the cryptocurrency industry, he shifted to a centrist stance in 2022 and "privately donated tens of millions of dollars to the Republican Party." Shortly thereafter, the SEC and the Department of Justice launched an investigation and prosecution against him. He was arrested the night before a vote on the crypto bill he promoted and scheduled to testify before Congress. He cited House Republicans as saying that the arrest was intended to prevent him from testifying, and that Congress had requested that SEC Chairman Gensler submit relevant internal communications, but that he "ultimately lost them." According to SBF's tweet, the above remarks were posted on his behalf by a friend who had access to his account.

Huoxun Finance reported on October 15th that, according to Cryptopolitan, the National Bank of the Republic of Belarus (NBRB) announced the formation of a special task force to combat illegal cryptocurrency trading. The decision followed a meeting of representatives from Belarusian banks and government-approved cryptocurrency companies. The meeting focused on preventing unauthorized payment transactions and illegal cross-border fund transfers through licensed cryptocurrency platforms in Belarus. Participants reached a consensus on the need for comprehensive measures to effectively combat existing illegal trading models in the shadow economy. At a meeting held on Monday, Belarusian bankers and fintech experts identified methods to combat the circulation of illegal cryptocurrencies. The monetary authority stated in a statement that the establishment of the special task force was one of the measures agreed upon at the meeting.

Huoxun Finance reported on October 15th that Telcoin, a blockchain-based financial services company, announced the completion of a $25 million Pre-Series A funding round to fund the Telcoin Digital Asset Bank, scheduled to open later this year. This funding will enable Telcoin to meet the capital requirements for its conditionally approved digital asset depository license in Nebraska, USA, and will help the company bridge the blockchain economy with traditional banking. The funding will also support Telcoin's creation of eUSD, the first bank-issued stablecoin. Telcoin, a multinational fintech company serving 171 countries, is integrating blockchain technology, telecommunications, and banking. Telcoin provides secure, self-custodial blockchain payment and banking services globally, powered by its own decentralized financial infrastructure.

Huoxun Finance reported on October 15th that according to SoSoValue data, all sectors of the crypto market declined. Bitcoin (BTC) fell 1.10%, falling below $113,000. Meanwhile, Ethereum (ETH) plummeted 2.08%, falling below $4,200. Only the AI sector saw a slight increase of 0.46%. Within the sector, ChainOperaAI (COAI) surged 26.56%, and Bittensor (TAO) rose 1.16%. In other sectors, the PayFi sector fell 2.63% in 24 hours. Within the sector, Monero (XMR) and Telcoin (TEL) rose 2.77% and 5.10% respectively; the DeFi sector fell 2.99%, of which PancakeSwap (CAKE) fell 4.99%; the Meme sector fell 3.39%, but 4 rose against the trend by 24.88%; the Layer2 sector fell 3.67%, and Zora (ZORA) was relatively strong, rising 10.47%; the Layer1 sector fell 3.89%, and Zcash (ZEC) rose 2.56%; the CeFi sector fell 5.08%, and Aster (ASTER) climbed 3.89% during the session.