Morning News | BitMine has increased its holdings by nearly 380,000 ETH since its collapse; Ant Group, JD.com, and others have suspended their plans to issue stablecoins in Hong Kong
Overview of Important Market Events on October 19整理：Zhou，ChainCatcher
Important News:
- Analysis: Some market indicators show ETH may continue its rebound to $4,500
- Data: BitMine has increased its holdings by nearly 380,000 ETH since its collapse
- Vitalik responds on how to improve the performance evaluation methods of cryptographic technologies to ensure hardware independence, using publicly available hardware
- Insiders: Ant Group, JD.com, and others have suspended their plans to issue stablecoins in Hong Kong
- Market news: Japan is considering allowing banks to invest in crypto assets
What important events have occurred in the past 24 hours?
According to ChainCatcher, as reported by Jinshi, CME's "Fed Watch" indicates that the probability of the Fed cutting rates by 25 basis points in October is 99%, with a 1% probability of a 50 basis point cut. Additionally, the cumulative probability of a 50 basis point cut in December is 94%, while the probability of a cumulative 75 basis point cut is 6%.
Analysis: Some market indicators show ETH may continue its rebound to $4,500
According to ChainCatcher, as reported by Cointelegraph, some market indicators suggest that Ethereum may continue its rebound and reach $4,500 before the end of October. Currently, ETH appears to be forming a "bullish flag," a trend that typically indicates a continuation of the upward trend after a brief consolidation.
Moreover, the recent ETH price has mostly remained above the "Weekly Bull Market Support Band," indicating a potential breakout above the channel's upper limit, which is in the $4,450-$4,500 range. If a breakout occurs, it may reach $5,200 in November.
However, if ETH falls below the $3,550 price range, which is the "lower boundary of the bullish flag pattern," it may face further retracement.
Data: The "$220 million long whale" has increased its position to $250 million
According to ChainCatcher, on-chain analyst @ai_9684xtpa has monitored that a mysterious whale with $220 million long positions in BTC and ETH has increased its position to $250 million, primarily in BTC, while the ETH position remains unchanged, reducing the overall floating loss to $3.12 million.
BTC 15x long position: Holding 1,610.93 BTC ($171.73 million), opening price $108,043.9;
ETH 3x long position: Holding 19,894.21 ETH ($77.42 million), opening price $4,037.43.
Data: BitMine has increased its holdings by nearly 380,000 ETH since its collapse
According to ChainCatcher, as disclosed by BMNRBullz, Bitmine has aggressively bought ETH during the downturn, accumulating a total of 379,271 ETH (approximately $1.48 billion):
Two days ago during the downturn: +72,898 ETH (approximately $281 million);
Four days ago: +104,336 ETH (approximately $417 million);
After the weekend collapse: +202,037 ETH.
Michael Saylor releases Tracker information again, may disclose Bitcoin accumulation data next week
According to ChainCatcher, Strategy founder Michael Saylor has released Bitcoin Tracker-related information again, stating, "The most important orange dot is always the next one."
Based on previous patterns, Strategy typically discloses Bitcoin accumulation information the day after relevant news is released.
According to ChainCatcher, Ethereum co-founder Vitalik Buterin previously suggested that developers in the zero-knowledge proof (ZK) and fully homomorphic encryption (FHE) fields adopt more practical performance evaluation metrics and proposed using the "efficiency ratio," which is the ratio of encrypted computation time to original computation time, rather than the traditional "operations per second" metric. However, some community users raised concerns about how to ensure hardware independence.
In response, Vitalik Buterin stated that publicly available hardware can be used, and the geometric mean of the capital expenditure in dollars per operation and the joules per operation in the original computation will become a reasonable initial metric.
Astra Nova: Will repurchase an equivalent amount of affected RVV tokens
According to ChainCatcher, Astra Nova stated, "In light of recent events, Astra Nova will repurchase tokens equivalent to the affected amount from the market. This decision reflects our firm commitment to protecting token holders, stabilizing liquidity, and enhancing long-term confidence in the RVV ecosystem. Please stay tuned for official updates on the repurchase execution timeline."
Earlier today, the Alpha token RVV plummeted, and the project party stated that a third-party managed account was hacked, with on-chain data showing that related parties maliciously sold off to earn at least $9.09 million.
According to ChainCatcher, Binance announced that over 600 accounts were banned last week for using unauthorized third-party tools and encouraged the community to participate in supervision. The first user who successfully reports a verified violation will receive a portion of the recovered profits from that account (up to 50%) as a reward.
Jay Chou has deleted social media content related to "finding friends to invest in Bitcoin"
According to ChainCatcher, after Jay Chou's friend disappeared after investing over 100 million in BTC on his behalf, Chou stated, "If you don't show up again, you're finished." Subsequently, Cai Weize replied that he would "temporarily stop using social media." Taiwanese media reported that the two are suspected of being involved in a financial dispute worth over 100 million New Taiwan dollars, with Cai Weize helping to manage the account for Bitcoin investment, but claimed that the account was locked for some reason a year ago and has not yet returned the assets. Jay Chou privately messaged the other party but received no response, leading to this desperate measure.
However, community users found that Jay Chou's Instagram has deleted related posts but has unfollowed Cai Weize.
Insiders: Ant Group, JD.com, and others have suspended their plans to issue stablecoins in Hong Kong
According to ChainCatcher, as reported by Lianhe Zaobao, foreign media disclosed that insiders said Alibaba's Ant Group and e-commerce giant JD.com, among other tech companies, have suspended their plans to issue stablecoins in Hong Kong.
It is reported that Ant Group had stated in June this year that it would participate in the Hong Kong stablecoin pilot project, and JD.com had also expressed its intention to join the pilot program. Hong Kong passed the "Hong Kong Stablecoin Regulation Draft" in May this year.
This regulation officially took effect on August 1. As of the end of September, a total of 36 institutions had submitted applications for stablecoin licenses.
Market news: Japan is considering allowing banks to invest in crypto assets
According to ChainCatcher, market news indicates that Japan is considering allowing banks to invest in crypto assets.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of October 20, 08:55,
The top five popular tokens in ETH over the past 24 hours are: USDe, CHISAI, sUSDe, LOKI, YAKU
The top five popular tokens in Solana over the past 24 hours are: MetaMask, HOP, Nokings, TRUMP, 雷小米
The top five popular tokens in Base over the past 24 hours are: KLED, ZORA, MOON, EURC, ZEN
What are some noteworthy articles to read in the past 24 hours?
New York Times: The Trump family's money-making scheme in the crypto world is worse than Watergate
In the history of American politics, no president has intertwined national power, personal branding, and financial speculation into a global-scale experiment like Trump.
The combination of money and power is not new, but when this combination appears in the form of "tokens," when the image of a head of state is minted into a tradable asset, and when political influence can flow freely on the blockchain, what we face is no longer traditional corruption, but a systemic reconstruction.
This article records not a single scandal, but a paradigm shift: the president is no longer just a political figure but becomes the largest holder of tokens in a decentralized economy; diplomatic relations are no longer achieved through secret talks but are connected by wallet addresses. Technology, once seen as a guarantee of transparency and fairness, may now become a new power broker.
When cryptocurrency enters the White House, and the digital shadow of the dollar intertwines with national will, we must rethink a question: In this era of "on-chain sovereignty," do the boundaries of power still exist?
Built by a small team of engineers, the anonymous decentralized exchange Hyperliquid has attracted heavyweight investors and achieved trading volumes in the hundreds of billions in just two years. The platform focuses on perpetual contract trading, which has no expiration date and dominates the cryptocurrency speculation market with monthly trading volumes exceeding $6 trillion.
Although it is vastly smaller than industry leader Binance, Hyperliquid has surpassed Coinbase in some areas and established a competitive advantage among decentralized exchanges.
Its development has made it a focal point in the crypto wilderness. Supporters praise its speed and transparency, but it also became the center of last week's market crash, where traders on the platform suffered losses of $10 billion.
Hyperliquid remains dominated by a core small circle, raising questions among supporters about its level of decentralization. For supporting institutions like Paradigm and Pantera Capital, this is both a bet on the future of digital finance and a warning that much of the industry's activities still lie outside formal regulatory frameworks.
Earlier this year, at an industry summit hosted by Coinbase, BlackRock and Coatue executives discussed development plans with crypto figures, and Jump Trading President Dave Olson specifically pointed out that Hyperliquid is Binance's "first heavyweight competitor."
How the $120,000 Bitcoin of a Cambodian scam kingpin was seized by the U.S. government
On October 14, 2025, a federal court in Brooklyn, New York unsealed an indictment showing that the U.S. Department of Justice recently conducted the largest cryptocurrency seizure operation in history, confiscating approximately 127,000 Bitcoins worth over $15 billion. The seized Bitcoin assets originated from the scam funds of the Cambodian "Prince Group," whose mastermind is known as the "scam kingpin" Chen Zhi. This founder of the Cambodian Prince Group is accused of using forced labor to carry out crypto investment fraud, commonly known as "pig butchering" scams, earning illegal profits of up to tens of millions of dollars daily. Currently, this massive amount of Bitcoin is held by the U.S. government. This article will outline the details behind this cross-border crypto law enforcement legend from the perspectives of the indictment background, asset sources, and law enforcement efforts.
Why Ethereum needs ZK-VM: The ultimate path to scalability
Among the many ideas for Ethereum's scalability, ZK is the most complex and critical direction.
Across the network, Vitalik and the Ethereum Foundation have placed the most bets on ZK. ZK is somewhat like the youngest son in the Ethereum family, receiving the most attention but with the most uncertain future.
A few days ago, the Ethereum Foundation released the Kohaku roadmap, which is a planning document for the foundational components of privacy wallets. The roadmap emphasizes again that many core functions will still rely on the implementation of ZK-EVM or ZK-VM.
So, why does Ethereum urgently need ZK-VM?
The answer is simple: for performance improvement, without sacrificing security.
Risk warning
Risk warning
Popular articles
