according to the on-chain analysis platform Lookonchain, Big Brother Ma Ji deposited 284,000 USDC into Hyperliquid after being liquidated to continue to long ETH. Its current position is 2,300 ETH (about $8.8 million), with a liquidation price of $3,680.92. Its profit of $44.84 million has now turned into a loss of over $13.7 million.

 Polymarket announced early this morning that the platform now supports BNB deposit and withdrawal services.

a16z's latest crypto report pointed out that the total transaction volume of stablecoins in the past year reached $46 trillion, a year-on-year increase of 106%. Although this mainly represents fund flow (different from retail payments of card organizations), the scale has reached three times that of Visa and is approaching the ACH network that penetrates the entire U.S. banking system.

 a16z's latest encryption report pointed out that stablecoins have become an important force in the global macroeconomy: more than 1% of the US dollar exists in tokenized stablecoin form on public blockchains, and its holdings of US debt have risen from 20th place last year to 17th place. Currently, stablecoins hold a total of over $150 billion in US debt - more than the holdings of many sovereign countries.

according to market news, economist Peter Schiff said that if he had bought Bitcoin when he first heard about it, he would have made the most profit in his career, and said "in hindsight, that's what should have been done." However, he also believes that most investors will ultimately lose money on Bitcoin. Peter Schiff announced plans to launch a tokenized gold platform and a new neobank. The platform allows gold to be used as a payment medium, users can send and receive payments and use debit cards, with gold being automatically sold during transactions for settlement. Schiff said he will provide gold-denominated accounts and payment tools.

according to Cointelegraph, VanEck stated that the October Bitcoin correction is a mid-cycle adjustment, not the arrival of a bear market. The leverage level has returned to normal, on-chain activity is increasing, and liquidity continues to drive the development of this cycle.

 a "Cryptocurrency Lightning War" meeting was held near Capitol Hill in the United States recently, with both parties holding roundtable discussions with industry leaders. White House Cryptocurrency and AI Tsar David Sacks stated that legislation on market structure is the government's top priority this year. At the Democratic Party meeting, senators acknowledged that cryptocurrencies provide opportunities for voters who are unfairly treated under the traditional banking system, but Arizona Senator Gallego warned industry leaders not to become accomplices of the Republican Party due to the DeFi proposal leak incident. The Republican Party meeting focused on how to define and regulate DeFi, proposing to focus regulatory efforts on intermediaries rather than protocols, and suggesting that both parties and industry representatives jointly review the bill line by line. Senator Kennedy likened the legislative process to "the ups and downs of a heroin addict." Although both parties expressed willingness to cooperate, the specific next steps are not yet clear.

 Binance has launched USD deposit and withdrawal services through BPay Global licensed by the Central Bank of Bahrain, while also offering a limited 1:1 USD to USDC exchange activity.

 Reddit has filed lawsuits against Perplexity AI and three other companies, accusing them of unauthorized data scraping from the Reddit website. According to the lawsuit filed in Manhattan federal court on Wednesday, data scraping companies Oxylabs UAB, AWMProxy, and SerpApi collected Reddit data through Google search results for the purpose of reselling the data. The lawsuit alleges that Perplexity purchased this data from at least one of these companies. With the rise of AI models that rely on large amounts of data for training and providing relevant results, Reddit's growing data repository has become a valuable commodity. Reddit has entered into agreements with OpenAI and Alphabet to use Reddit data for training, but has also taken legal action against some companies that have not signed formal agreements with them. Earlier this year, Reddit also filed a similar data scraping lawsuit against Anthropic in a San Francisco court.

the parallel multiparty secure computing (MPC) network Ika announced today a major partnership with human.tech to launch "Wallet as a Protocol" (WaaP), a new decentralized wallet infrastructure secured by Ika's breakthrough 2PC-MPC encryption technology. There is no vendor lock-in issue, no need to rent a wallet, and it has full interoperability. This marks the first time in the encryption field that wallet logic, key management, and access control are decentralized in a zero-trust network, providing wallet functionality through the decentralized Sui protocol instead of centralized services.

several quantum computing companies are negotiating with the US Department of Commerce to provide equity in exchange for federal funding, indicating that the Trump administration is expanding its intervention in what it considers to be crucial economic sectors. According to sources, companies such as IonQ, Rigetti Computing, and D-Wave Quantum are discussing the government becoming a shareholder as part of an agreement for promising tech companies to receive special funding. Other companies in the quantum computing and atom computing sectors are also considering similar arrangements. Some sources say that two companies are discussing a minimum financing of $10 million each from Washington. It is expected that other tech companies will also compete for this funding. 

according to on-chain analyst @ai_9684xtpa, insiders whales have once again reduced their holdings by 829.5 BTC, currently bringing their 10x short position down to 470.48 BTC, approximately $50.99 million, with the remaining position still floating at a profit of $1.347 million.

 the Bank of Korea kept interest rates unchanged, in line with market expectations. 

On October 23rd, news broke that film financing is undergoing changes through tokenization and SEC exemption (Reg CF) compliant crowdfunding, allowing thousands of non-accredited investors to participate and distribute dividends and secondary trading through blockchain. Robert Rodriguez raised $2 million from 2000 fans, Pressman Film raised $2 million for an original film and has started repayment within 6 months, Eli Roth's horror film studio raised $5 million through Reg CF reaching the limit. The article states that this model enhances creators' retention of IP and creative freedom, and positions film and television as an accessible alternative asset.

 despite one of the most ambitious digital asset regulatory reforms in the country's history introduced by the current Albanian government, the adoption rate of cryptocurrencies in Australia remains stagnant. According to the fifth annual "Australian Cryptocurrency Survey Report" released by the cryptocurrency exchange Swyftx on Wednesday, the cryptocurrency holding rate among adults remains stagnant, and public trust in digital assets continues to decline.

 according to TraderT monitoring, the US spot Bitcoin ETF had a net outflow of $101.39 million yesterday.

Golden Finance reported that, according to TraderT monitoring, the net outflow of the US spot Ethereum ETF was $17.94 million yesterday.

according to The New York Times on Tuesday, US President Trump has asked the Department of Justice to pay up to $230 million in compensation for the criminal investigations he faced before and after his first term in the White House.

7:00-12:00 Keywords: USDT, gold, cryptocurrency ETF

 the latest report from TRM Labs shows that global retail cryptocurrency transactions are expected to grow by over 125% for the second consecutive year between 2024 and 2025. Regulatory clarity has become a major driving factor, especially in the United States, where policy support and regulatory clarity have led to double-digit market growth. The report points out that most crypto activities are concentrated in practical scenarios such as payments, remittances, and store of value.