ChainCatcher news, according to CoinDesk, Bitcoin fell below the $95,000 mark during trading on Monday, as rising macroeconomic uncertainty and the upcoming Federal Reserve meeting heightened market caution.FxPro analyst Alex Kuptsikevich stated that if prices continue to be under pressure, the key support levels below are $92,500 and $89,000; if it falls below $90,000, it could trigger a deeper correction.Additionally, despite the market fluctuations, the Bitcoin spot ETF launched last year still recorded a net inflow of approximately $1.81 billion last week, indicating that both institutional and retail investors remain enthusiastic about allocations. On-chain data shows that long-term holders have unrealized profits close to 350%, which may create potential selling pressure on prices.

ChainCatcher news, according to CNBC, Morgan Stanley CEO Ted Pick stated that the bank will work with U.S. regulators to explore whether it can engage more deeply in the cryptocurrency market.Pick said, "For us, the key question is whether, as a heavily regulated financial institution, we can act as a dealer. We will collaborate with the Treasury and other regulators to explore how to provide this service in a safe manner."

ChainCatcher news, ByBit's institutional head Chris Aruliah has a different view on the impact of interest rate cuts on the crypto market. Aruliah wrote in an email statement: "The softening economic indicators and the geopolitical complexities leading to a general slowdown in the global economy are weakening investor sentiment. Therefore, while the Federal Reserve's decision to cut the policy rate by 0.5% may provide a short-term boost to the cryptocurrency market, it is crucial to remain vigilant about the potential challenges posed by economic uncertainty and market volatility."BitMEX co-founder Arthur Hayes pointed out in an interview that he believes an overall rate cut is unnecessary, and a 50 basis point cut would trigger a brief market rebound but ultimately expose deeper issues within the global financial system, leading to further price declines.He stated: "At a high level, I think they shouldn't raise rates. I believe the U.S. economy is quite strong. If you look at the GDP data from the past eight or nine quarters, you'll see it has been consistently growing. If they decide to continue cutting rates, inflation will accelerate into the fourth quarter."

ChainCatcher news, according to Cointelegraph, Paradigm has submitted comments to the European Securities and Markets Authority (ESMA) regarding the prevention of market abuse in the crypto asset market. It pointed out that ESMA should avoid misapplying concepts from traditional financial markets to the foundational blockchain layer when dealing with Maximal Extractable Value (MEV) to prevent inconsistencies and unintended consequences.Paradigm calls for ESMA to gain a deeper understanding of MEV and supports innovative tools to address potential abuse risks. "Currently, there is no universally accepted method to identify which activities related to MEV are harmful or suspicious, and thus requiring the ecosystem to monitor and prevent inherently subjective behaviors may lead to inconsistent applications and unexpected outcomes."

ChainCatcher message, Su Zhu stated on platform X that Ethena has created an interesting dynamic. Normally, if people choose to hold spot positions and short contracts for funding rate arbitrage, when the rate returns to neutral, they might start to cover their contracts and go long again. However, due to the presence of Ethena, some positions are now staked and have turned into USD (referring to some spot and futures shorts that have been collateralized to mint USDe in a combined form). This could mean that ETH may experience a deeper pullback and a quicker rebound.Note: Ethena Labs is the development team behind the stablecoin USDe. The characteristic of USDe is that its collateral assets are composed of an equal amount of spot ETH and short positions in futures ETH.