According to Golden Finance, a cryptocurrency whale deposited all 998 BTC, valued at $106.7 million, onto Binance, according to Onchain Lens. After holding it for a week, the whale lost $15.08 million. Three suspected new Bitmine wallets received 72,898 ETH worth $279 million from FalconX and BitGo in the past five hours. According to Jinse Finance, on-chain analyst Yu Jin (Ember) reported that Bitmine likely added another 72,898 ETH ($279 million) after yesterday's drop.
Three suspected new Bitmine wallets received 72,898 ETH ($279 million) from FalconX and BitGo in the past five hours, consistent with Bitmine's previous ETH receiving patterns.
Bitmine likely added 203,433 ETH ($800 million) this week, at an average price of approximately $3,935. These coins originated from various sources, including CEXs, market makers, and ETFs, before flowing into OTC institutions like FalconX and BitGo and ultimately reaching Bitmine addresses.
Market
As of press time, according to Coingecko data:
BTC price is $107,018, up or down -1.8% in the past 24 hours;
ETH price is $3,851.97, up or down -1.8% in the past 24 hours;
BNB price is $1,083.29, up or down -5.8% in the past 24 hours;
-1.1%;
DOGE price is $0.1867, with a 24-hour increase or decrease of -1.8%;
XRP price is $2.32, with a 24-hour increase or decrease of -1.8%;
TRX price is $0.3101, with a 24-hour increase or decrease of -2.1%;
WLFI's price was $0.1306, with a 24-hour fluctuation of -4.0%; HYPE's price was $35.24, with a 24-hour fluctuation of -5.1%. According to Bloomberg, the Bank of England will launch a consultation on stablecoin regulation on November 10, aiming to establish a complete regulatory framework by the end of 2026. The new rules will closely align with US regulations, focusing on bonds backed by digital assets. This move aims to address financial stability risks posed by the spread of digital currencies, but the issue has reportedly sparked tensions between the central bank and the government. Ondo Finance calls for greater transparency before Nasdaq tokenization proposal moves forward. Golden Finance reports that Ondo Finance has sent a letter to the U.S. Securities and Exchange Commission (SEC), requesting more details on the settlement mechanism before approving Nasdaq's proposal to support tokenized stocks and ETFs. The proposal would process settlement of tokenized securities through the Depository Trust Company (DTC) clearing system.
Ondo stated that tokenization is ushering in a new phase of financial innovation and should be promoted through open collaboration and transparent standards. It also called on the SEC to conduct further review before making a final decision. Ondo currently manages a variety of tokenized assets, including money market funds and U.S. government securities, and is associated with World Liberty Financial, a project supported by the Trump family.
Nasdaq submitted a rule amendment application to the SEC last month supporting stock tokenization, stating that it could promote market structure innovation without sacrificing investor protection. SEC Commissioner Hester Peirce also noted that asset tokenization has become a regulatory priority. However, the nonprofit Better Markets warned that tokenization could weaken investor protections. Its director of securities policy, Benjamin Schiffrin, stated that the SEC's top priority should be protecting investors, not catering to the demands of the crypto industry. Zelenskyy arrives at the White House for his third visit to the US in eight months, meeting with Trump. According to a CCTV News report, Ukrainian President Volodymyr Zelenskyy arrived at the White House on the afternoon of October 17th local time for a meeting with US President Trump. This was Zelenskyy's third visit to the White House in eight months. The two sides then held talks in the Cabinet Room. Zelenskyy expressed his pleasure at meeting with Trump again. "I think this is an important opportunity to end the Russia-Ukraine conflict," Zelenskyy said. He also stated that he had met with several US energy and defense companies, who expressed their willingness to assist Ukraine in repairing damaged energy infrastructure and strengthening air defense cooperation. According to multiple sources familiar with the matter, the two sides are expected to discuss issues such as the US provision of Tomahawk cruise missiles to Ukraine.
Blockchain Application
▌Astra Nova Raises $48.3 Million to Develop Web3 and AI Entertainment Ecosystem
Golden Finance reported that Astra Nova, a Web3 entertainment and infrastructure company focused on artificial intelligence, has raised $48.3 million to expand its suite of tokenized content tools and creator platforms. The company develops no-code tools that enable creators to launch blockchain-based entertainment experiences.
Payment-focused blockchain Tempo completes $500 million Series A financing
Golden Finance reported that Tempo, a payment-focused blockchain project backed by fintech giant Stripe and blockchain venture capital firm Paradigm, announced the completion of a $500 million Series A financing round, led by venture capital giant Greenoaks and Joshua Kushner's Thrive Capital. This round of financing valued Tempo at $5 billion, with participation from Sequoia Capital, Ribbit Capital and Ron Conway's SV Angel. According to Golden Finance, according to on-chain analyst Aunt Ai (@ai9684xtpa), a hacker sold off his remaining 4,190 ETH in the past 15 minutes at an average price of $3,840.47, below the original purchase price of $3,903.68, resulting in another $264,000 loss. Since October 13, the hacker has lost $3.511 million in ETH trading, bringing his cumulative losses in October to $8.88 million. Previously, the hacker sold 7,817 ETH at an average price of $3,733 during a panic sell-off, resulting in a $3.247 million loss, and subsequently repurchased at a higher price. Yesterday, FBTC saw a net outflow of $67.4 million, while Grayscale's GBTC saw a net outflow of $25 million. Golden Finance reported that, according to Farside Investors monitoring data, FBTC saw a net outflow of $67.4 million, while Grayscale's GBTC saw a net outflow of $25 million. Maelstrom is raising over $250 million to establish a private equity fund. Golden Finance reported that Maelstrom, the family office of BitMEX co-founder Arthur Hayes, is raising over $250 million to establish a private equity fund with plans to acquire up to six mid-sized crypto companies. The fund will invest $40 million to $75 million annually, focusing on blockchain trading infrastructure and data analytics startups. Li Lin, Shen Bo, Xiao Feng, and Cai Wensheng Partner to Establish $1 Billion Ethereum Treasury According to Golden Finance, some of Asia's earliest and most prominent Ethereum supporters plan to acquire a Nasdaq-listed company and launch a $1 billion Ethereum digital asset treasury (DAT). Participating parties include Huobi founder and Avenir Capital Chairman Li Lin, Fenbushi Capital founder Shen Bo, HashKey Group CEO Xiao Feng, and Meitu founder Cai Wensheng. Avenir, which manages over $1 billion in assets, has reportedly committed $200 million. Investors such as Sequoia Capital have also pledged hundreds of millions of dollars in support.
Important Economic Developments
▌Trump Signs Executive Order Imposing 25% Tariff on Imported Medium and Heavy-Duty Trucks
Golden Finance reported that on October 17th local time, US President Trump signed an executive order imposing a new 25% tariff on imported medium and heavy-duty trucks and parts, effective November 1st. Trump also stated that a 10% tariff would be imposed on imported passenger vehicles. (CCTV News)
Spot gold fell to $4,210 per ounce, down 2.64% on the day
Golden Finance reported that spot gold fell to $4,210 per ounce, down 2.64% on the day. Federal Reserve Chairman Mousallem: Possibly Supports Another Rate Cut, Policy Not Yet Predetermined According to Golden Finance, the Federal Reserve's Mousallem said he might support another rate cut to boost the slowing labor market, but stressed that given economic uncertainty, officials should make decisions on a meeting-by-meeting basis. "If further risks emerge in the labor market and if the risks of persistent inflation remain contained, I might support a path of further lowering the policy rate," Mousallem said. "I certainly don't think we need to follow a pre-determined path." Mousallem also said he estimates the Fed's current policy is "between moderately restrictive and neutral." "That's why I say we have to proceed with caution," he said. "I believe there's limited room for further easing before monetary policy becomes overly accommodative." Golden Encyclopedia Is independent Bitcoin mining feasible? Solo mining involves a single miner independently verifying Bitcoin transactions and adding new blocks to the blockchain without collaborating with others in a mining pool. This process requires significant computing power and resources, as miners compete with a global network of participants to find a hash that meets the Bitcoin network's current difficulty target. It involves repeatedly hashing the block header with different nonce values until a valid hash is found. The first miner to find this hash earns the right to add the new block to the blockchain and receives a reward in the form of newly minted Bitcoin and transaction fees. Solo mining has the potential to yield lucrative returns. However, compared to collective mining, the chances of success are relatively low, especially given the fierce competition and increasing difficulty of the mining process. Solo mining is like playing the lottery with a powerful computer, but instead of selecting numbers, you rapidly try different combinations to find the winning ticket. The rewards can be enormous, but the odds of success are low, especially with the rise of industrial-scale mining farms that dominate the network. Factors affecting the viability of solo Bitcoin mining in 2025 include increasing mining difficulty, the high cost of ASIC hardware, high energy consumption, competition from industrial mining farms, and the unpredictable nature of independently finding blocks. Alternatives to solo Bitcoin mining include pooled mining (which offers more stable returns by sharing block rewards) and cloud mining (which eliminates hardware ownership but carries risks such as contract volatility and potential scams). Given the challenges of solo mining, individuals may want to consider alternatives that offer more stable returns and lower risk.
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