Strategy to become the second-largest corporate treasury in the US; Binance retail investor activity rebounds

Headline

▌Bitcoin Treasury Company Strategy is about to become the second-largest corporate treasury in the United States

Bitcoin Treasury Company Strategy (stock code: MSTR) is about to become the second-largest corporate treasury in the United States.

▌CryptoQuant: Retail Investor Activity on Binance is Rebounding

According to data from CryptoQuant (a cryptocurrency data analysis platform), retail investor activity on Binance is rebounding.

Market

As of press time, according to Coingecko data:

BTC price is $121,914, up or down +0.5% in the past 24 hours;

ETH price is $4,480.96, up or down -2.1% in the past 24 hours;

BNB price is $1,312.26, up or down +8.8% in the past 24 hours;

-4.1%;

DOGE price is $0.2491, with a 24-hour increase or decrease of -5.8%;

XRP price is $2.87, with a 24-hour increase or decrease of -3.8%;

TRX price is $0.3372, with a 24-hour increase or decrease of -2.6%;

The price of WLFI is $0.1831, with a 24-hour increase or decrease of -7.8%; the price of HYPE is $45.64, with a 24-hour increase or decrease of -2.6%. SEC Chairman: SEC Plans to Officially Launch "Innovation Exemption" by Year-End or Q1 2026 U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that the SEC is still working to formalize the so-called "innovation exemption," which would allow companies to conduct business based on digital assets and other innovative technologies within the United States, with completion possible as early as the end of this quarter. Speaking at the "Futures and Derivatives Law Report" event hosted by the law firm Katten Muchin Rosenman LLP in Midtown Manhattan on Tuesday, Atkins stated that while the current government shutdown has "significantly limited" the SEC's progress on rulemaking, he still prioritizes the exemption for year-end or Q1 2026. Last week's US government shutdown may not completely derail progress on cryptocurrency legislation, but according to industry insiders, it undoubtedly had a negative impact. The government shutdown, which entered its second week after Congress failed to reach a deal on government funding, has furloughed thousands of employees and severely limited the operations of federal agencies. Even before the disruption, lawmakers on the Senate Banking Committee were deep into drafting a bill aimed at comprehensively regulating the crypto industry, which would clarify regulatory authority over digital assets between the CFTC and the SEC. The Senate Agriculture Committee, which oversees the CFTC, has yet to release its version of the bill. Federal agency staff typically play a crucial advisory role in the legislative drafting process. However, with many staff furloughed, Kristin Smith, president of the Solana Policy Institute, said this "is probably the biggest setback right now," as the government shutdown has prevented them from continuing to participate in related work. The Bank of England plans to exempt businesses from proposed limits on stablecoin holdings, signaling a softening of its stance on crypto assets in the face of US competition. Sources familiar with the matter revealed that the Bank of England intends to exempt businesses, such as cryptocurrency exchanges, that need to hold large amounts of stablecoins. It also intends to allow businesses to use stablecoins for settlement in an experimental digital securities sandbox, suggesting a softening of Governor Andrew Bailey's previously skeptical stance. The Bank of England declined to comment. The digital payments industry is concerned that the UK will struggle to compete with the US Genius Act, and the Bank of England plans to impose limits on stablecoin holdings by individuals and businesses, which are expected to be outlined in a consultation document by the end of the year. Bailey previously dismissed both stablecoins and the digital pound, and this exemption is seen as a significant shift.

▌The U.S. Senate will vote on a short-term appropriations bill for the sixth time on the 8th.

According to U.S. Congressional news on October 7th local time, U.S. Senate Majority Leader and Republican Senator John Thune said the Senate will vote again on two short-term appropriations bills on the 8th, including the Republican version passed by the House of Representatives and the Democratic substitute plan. Thune pointed out that the failure to vote that day was due to procedural sequencing and scheduling issues. He revealed that some members of the two parties had dinner together that evening to discuss the progress of the government shutdown, but did not disclose further details. This will be the Senate's sixth attempt to pass a temporary spending bill to end the federal government shutdown. The previous five attempts were all unsuccessful. (Golden Ten)

Blockchain Application

▌DePIN Project Grass Raises $10 Million in Bridge Financing, with Polychain and Tribe Capital Participating

Grass, the DePIN project based on the Solana ecosystem, announced $10 million in bridge financing, with Polychain and Tribe Capital participating. This is reportedly the third time Polychain Capital has supported the Grass project, having previously participated in its Seed and Series A rounds.

Cryptocurrency

▌Today's Fear and Greed Index dropped to 60, remaining at Greed

Today's Fear and Greed Index dropped to 60, remaining at Greed. Note: The panic index threshold is 0-100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media interest (15%) + market research (15%) + Bitcoin's share of the overall market (10%) + Google search terms analysis (10%). Grayscale's two ETH spot ETFs continued to stake 272,000 ETH, equivalent to approximately $1.21 billion, four hours ago. According to on-chain analyst Ember, Grayscale's two ETH spot ETFs continued to stake 272,000 ETH (approximately $1.21 billion) four hours ago. Since staking was permitted, they have deposited a total of 304,000 ETH. Currently, a total of 489,000 ETH is awaiting staking, meaning Grayscale holds the majority of the tokens awaiting staking. However, compared to the amount of ETH entering staking, the amount of ETH exiting is far greater: a total of 2.427 million ETH is currently waiting to be exited from staking. A prominent BTC whale who publicly swapped ETH has transferred another 3,000 BTC to Hyperunit. According to Arkham monitoring, a whale who once held $10 billion worth of Bitcoin has transferred another 3,000 BTC (approximately $363.9 million) to Hyperunit. Two months ago, this whale, who held over $10 billion worth of BTC, purchased $5 billion worth of Ethereum through Hyperunit. According to on-chain analyst @ai_9684xtpa, the Galaxy Digital-associated address 0xFB3...22833, which has hoarded $133 million in $ASTER, has deposited another 1.913 million tokens worth $3.978 million to Binance. Since yesterday, this address has transferred a total of 6.857 million ASTER to Binance, with a total value of US$14.162 million. Currently, 57.67 million ASTER (approximately US$118 million) are held on-chain.

▌North Korean hackers stole over US$2 billion in cryptocurrency in 2025

According to market news: North Korean hackers stole over US$2 billion in cryptocurrency in 2025, setting a new record high, and the total amount of theft has exceeded US$6 billion.

Important Economic Developments

▌The Reserve Bank of New Zealand unexpectedly cut interest rates by 50 basis points

The Reserve Bank of New Zealand cut its benchmark interest rate by 50 basis points to 2.5%, while the market expected a 25 basis point cut. (Golden Ten)

▌The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 94.6%.

According to CME's "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in October is 5.4%, and the probability of a 25 basis point rate cut is 94.6%. The probability of the Federal Reserve keeping interest rates unchanged in December is 0.6%, the probability of a cumulative 25 basis point rate cut is 16.0%, and the probability of a cumulative 50 basis point rate cut is 83.4%. (Golden Ten)

Golden Encyclopedia

▌What is a multi-signature cold wallet?

A cold wallet is a cryptocurrency storage method that is kept offline and disconnected from the internet. This setup makes it more difficult for hackers to access funds remotely. By keeping private keys offline, cold wallets reduce the risk of cyberattacks, such as phishing or malware. Multi-signature technology requires multiple private keys to approve transactions, while single-signature wallets only require a single key. Think of it like a joint bank account: any withdrawal requires approval from two or more signers. This additional layer of security means that even if a single key is compromised, an attacker cannot unilaterally transfer funds. Multi-signature cold wallets require multiple private keys from trusted parties to approve and authorize transactions, enhancing security by preventing a single point of failure. Despite their security advantages, multi-signature wallets are not immune to attacks. Hackers often exploit weaknesses in implementation, human behavior, or third-party services. To make multi-signature cold wallets more secure, use a higher signing threshold, implement multiple layers of authentication, and store keys in secure, geographically dispersed locations. Multi-signature cold wallets remain one of the best options for those looking to protect their cryptocurrency assets from theft and fraud. However, their complexity and potential vulnerabilities should not be overlooked, especially in the event of a supply chain attack.