Bank of America stated that the risk of the Federal Reserve shrinking its balance sheet in October has increased. Economists at the research firm Wrightson ICAP noted that signs of funding pressure in the repo market could prompt the Fed to announce at next week's interest rate decision that it will no longer reduce its bond holdings. Fed Chairman Powell hinted in his speech earlier this month that he was awaiting the right time to end the balance sheet reduction, and last week's slight volatility in the repo market may serve as a key signal. The firm also expects the Fed to begin purchasing US Treasuries to offset maturing mortgage bonds, thereby maintaining a stable overall balance sheet size. Overall, as the Fed shifts to a neutral policy stance, the supply of short-term Treasury bonds in the market may decrease by approximately $20 billion per month. (Jinshi)

Coinglass data shows that in the past hour, the entire network had a liquidation of US$40.4274 million, of which long positions had a liquidation of US$34.4903 million and short positions had a liquidation of US$5.9371 million.

Sky Protocol used 680,000 USDS to repurchase 11.25 million SKY last week. As of now, more than 79 million USDS has been used to repurchase SKY tokens.

According to on-chain analyst Ai Yi's monitoring, Bitcoin fell below $111,000. The whale that opened a short position and made a profit of $160 million before the "10.11 flash crash" increased its short position to 1,100 BTC, worth $122 million. The latest opening price was $109,672.2, and the current floating loss was $1.333 million.

CZ posted on the X platform: "I predict that Bitcoin's market capitalization will eventually surpass gold, but I don't know exactly when. It may take some time, but it will happen."

Coinbase will list Nomina (NOM) perpetual contracts. If liquidity conditions are met, the NOM-PERP market will open on or after 9:30 AM UTC on October 21, 2025 in supported regions.

OKX market data shows that SOL has fallen below 190 USDT, currently trading at 189.91 USDT, a 24-hour drop of 0.44%. (This newsletter was generated with AI assistance)

OKX market data shows that ETH has fallen below 4,000 USDT, currently trading at 3,994.91 USDT, with the 24-hour decline narrowing to 0.43%. (This newsletter was generated with AI assistance)

OKX market data shows that BTC has broken through 109,000 USDT and is currently trading at 109,008.4 USDT, a 24-hour increase of 2.19%. (This newsletter was generated by AI)

Key TakeawaysStrategy bought 168 BTC for $18.8 million at an average price of $112,051.The firm now holds 640,418 BTC, worth roughly $71 billion at current prices.Strategy has 59,582 BTC left to reach the 700,000 BTC milestone.MSTR stock fell 21% this month but remains up 50% year-over-year.Michael Saylor’s Strategy has added to its Bitcoin (BTC) reserves again, taking another small step toward holding 700,000 BTC on its balance sheet.According to a disclosure posted on X Monday, the firm purchased 168 BTC for $18.8 million last week at an average price of $112,051 per coin. The buy came during a period of renewed market volatility following the October 10 “Black Friday” crypto crash, which saw Bitcoin briefly dip below $104,000 before rebounding.This latest purchase brings Strategy’s total holdings to 640,418 BTC, acquired for approximately $47.4 billion at an average price of $74,010 per BTC, making it the largest public Bitcoin holder globally.Path to 700,000 BTCStrategy’s recent purchases mark a slower accumulation phase, contrasting sharply with its earlier buying spree in April and May 2025, when it added roughly 25,000 BTC per month.Over the past two months, the company averaged around 5,620 BTC per month in purchases — 7,714 BTC in August and 3,526 BTC in September. At this pace, Strategy could reach its 700,000 BTC goal within 11 months, assuming continued accumulation.The firm’s prior buy, totaling 220 BTC for $27.2 million, came just before Bitcoin hit a new all-time high above $126,000 before retreating to $110,000 during the October market shock.MSTR Stock Declines but Long-Term Gains HoldWhile Strategy continues its accumulation strategy, its Common A stock (MSTR) has pulled back. The stock dropped below $284 last Thursday, extending a 21% decline since October 5, according to TradingView data.Despite the correction, MSTR remains up 50% year-over-year and has gained an astonishing 1,650% over the past five years. The lowest price this year was $238 (April 7), while the highest was $455 (July).Institutional Bitcoin Treasuries ExpandStrategy’s playbook continues to inspire other companies. Metaplanet, a Tokyo-based hotel operator that adopted a Bitcoin treasury strategy in July 2024, currently holds 30,823 BTC ($34.1 billion).However, its market-to-Bitcoin NAV ratio fell below 1.0 last week — dropping to 0.9 — as the firm’s enterprise value slipped beneath its BTC holdings. The company hasn’t announced any new Bitcoin purchases since September 30.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

The prediction market is becoming a hot topic in the community. However, despite the hype, several major questions and concerns are also emerging.

Recommended reading tonight: 1. Is crypto VC "almost dead"? What's the future? A summary of industry insiders' views; 2. Interview with Pendle's founder: The road to a yield trading empire; 3. Galaxy: Will "Uptober" continue?

When it comes to cryptocurrency, Trump's youngest son has become his father's enlightener.

Bloomberg predicts that by 2030, global stablecoin payments could exceed $50 trillion annually.

The on-chain prediction market has exploded, and oracles are the best infra-related opportunities.

Sam Altman believes that artificial intelligence has entered a critical threshold into an era of digital superintelligence.

Bitcoin mining companies have "changed careers" and started generating electricity for AI. The valuation logic of Bitcoin mining companies is being completely rewritten.

What do industry insiders think about the demise of crypto VC? Is the cryptocurrency VC industry really dying out?

During the extreme market test on October 11, multiple decentralized perpetual contract trading platforms (Perp Dex) experienced outages, with Lighter being the most severely affected.