According to PANews, China's Ministry of Finance has announced that new tax policies concerning gold will be in effect from November 1, 2025, until December 31, 2027. The announcement outlines the value-added tax management standards for 'investment gold' and 'non-investment gold.' The new regulations categorize gold based on 'purity and function' to standardize the market, curb arbitrage activities, and reduce compliance costs for investors. Industry experts suggest that this move will direct funds towards standard gold and high-liquidity products like ETFs, with no direct impact on ordinary consumers.

According to a Bloomberg report citing sources familiar with the matter, Coinbase Global Inc. is in late stages of talks to acquire BVNK, a stablecoin infrastructure startup, in a deal potentially valued at $2 billion. The acquisition is expected to close in late 2025 or early 2026. Founded in 2021, BVNK provides enterprise-grade stablecoin payment services, and Coinbase Ventures is already an investor. This move comes as stablecoins become increasingly important to Coinbase, accounting for 20% of its total revenue, approximately $246 million, in the third quarter of 2025. (Cointelegraph)

Australia is likely to keep its main interest rate steady as the process of lowering rates struggles. source: https://www.cryptopolitan.com/rba-set-to-keep-interest-rates-steady/

According to on-chain analyst Yu Jin, the address known as the "Whale with 14 Consecutive Large Openings" (0xc2a...e5f2) added 140 BTC to its long position 5 hours ago, bringing its total long position value to $406 million. The address currently has a floating loss of $1.98 million, with the specific positions as follows: 1. ETH long position: valued at $152 million, opening price $3845, floating profit $2.54 million; 2. BTC long position: valued at $133 million, opening price $110125, floating profit $580,000; 3. SOL long position: valued at $113 million, opening price $197.4, floating loss $5.31 million; 4. HYPE long position: valued at $6.88 million, opening price $41.3, floating profit $200,000.

According to on-chain analyst Ai Yi, an address (0x9ee...1daAb) held $51.56 million worth of short positions in ASTER on Hyperliquid, with an average opening price of $1.2. No further additions were made, and as the price steadily rose, the account has turned from profitable to unprofitable, currently showing a floating loss of $1.445 million. The address's other short positions are still showing a combined unprofitable profit of $4.11 million.

OpenAI talks about products, Google talks about ecosystems, and Musk talks about the structure of civilization. He outlined a complete picture of AI in the next 5 to 6 years.

According to PANews, OpenAI founder Sam Altman expressed optimism about the company's revenue forecasts during a podcast, stating his intention to counter critics. When questioned about OpenAI's ability to make trillion-dollar financial commitments with an annual revenue of only $13 billion, Altman claimed that their actual revenue far exceeds this figure. In recent weeks, OpenAI has announced large-scale artificial intelligence infrastructure partnerships with companies such as NVIDIA, Broadcom, and Oracle. Despite OpenAI's continued efforts to raise billions of dollars from investors and generate more income, Altman also warned that losses would persist. Previously, media analysis of Microsoft's financial reports suggested that OpenAI's losses for the quarter might exceed $12 billion.

According to Onchain Lens monitoring, a whale withdrew 361 BTC from Binance for $11.63 million 3-4 years ago, and has now deposited 351 BTC (worth $38.73 million) back into Binance, realizing a profit of $27.97 million.

As a core channel for wholesale financing, the repurchase market has seen interest rate volatility and a surge in facility usage, raising concerns about the overall stability of the financial system.

US President Donald Trump issued a statement on an upcoming tariff case, calling it "one of the most important cases in the history of our nation." In the statement, Trump stated that if the president is not allowed to use tariffs, the United States will be at a "significant disadvantage" in competition with other countries around the world, especially with "major" nations. He claimed that in such a situation, the United States would be "truly defenseless." He stated that in his "nine fortunate months as president," tariffs have brought "enormous wealth and national security." He cited numerous achievements, including the stock market "multiple record highs," "virtually no inflation," and "unparalleled national security." Trump emphasized that tariffs are key to successful negotiations, such as the recent negotiations with China and many other countries, enabling the United States to reach "fair and sustainable agreements." He warned that if the president cannot use tariff powers "quickly and flexibly," the nation could be "devastated." He claimed that opponents include "foreign countries that have taken advantage of us for years," "those who hate our country," and "Democrats," because the "numbers" are "too good to beat." Trump also stated that he will not go to court on Wednesday to avoid "distracting people from the importance of this decision." He reiterated that this "will be one of the most important and influential decisions in the history of the U.S. Supreme Court. If we win, we will be the richest and safest country in the world, by a wide margin. If we lose, our country could be reduced to a near-Third World status."

Binance's Changpeng Zhao admits guilt for AML violations, incurs $4. 3 billion fine. source: https://coincu.com/news/binance-ceo-guilty-plea-penalty/

The market is certainly experiencing a questionable period as even more volatile assets like Shiba Inu struggle to find volume. source: https://u.today/crypto-market-prediction-xrp-death-cross-welcomed-back-ethereum-to-btc-ratio-to-skyrocket-shiba-inu

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2866, providing you with the latest and fastest news on the digital currency and blockchain industry.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, mining information, project updates, technological advancements, and other industry dynamics.

I think the three recent news stories are very representative of the signs of a mid-stage bubble. In financial history, every bubble bursts with a few "landmark moments" that are constantly mentioned by posterity. It's like a joke, encapsulating all the madness of that era.

Variational does not produce liquidity; it merely acts as a transporter of liquidity.

AI Agent, Payment, Smart Contract, Smart Payment: The Evolution Path of the Next Generation Payment System (Jinse Finance) - When transactions are no longer initiated by humans, the essence of commerce changes.

Bulldozers lay idle in the sweltering heat. The site was desolate, contracts were uncertain, and the idea of ​​a cryptocurrency exchange transforming into a power company seemed like a pipe dream.

The decline in Meta's stock price led to a drop in Mark Zuckerberg's net worth ranking, while Amazon founder Jeff Bezos's rose.

As the AI ​​boom pushes US stock valuations to high levels, Bank of America strategist Michael Hartnett believes that gold and Chinese stocks are the best hedging tools in the current market environment to cope with the potential risk of an AI bubble.