500

The Tencent Global Digital Ecosystem Conference was held in Shenzhen. Tang Daosheng, Senior Executive Vice President of Tencent Group and CEO of the Cloud and Smart Industries Group, stated in his keynote speech that, according to data from relevant national departments, the daily Token call volume in China has increased from 100 billion at the beginning of 2024 to over 500 trillion in July of this year, a growth of over 5,000 times in two years.Tang Daosheng believes that behind this data is the rapid development of AI applications, with AI becoming a new productive force. Represented by Tencent's AI intelligent entity Workbuddy, related applications are not only used for daily document collaboration but are also being implemented in professional fields such as business analysis, business operations, market research, and marketing planning and execution. He stated that using AI intelligent entities to improve efficiency has become a necessary option for employees, and companies also need to make more accurate decisions and execute faster with AI to strengthen market competitiveness; otherwise, they will fall behind.

CryptoQuant analyst Darkfost pointed out that short-term holders of Bitcoin (STH) have been in a profitable state on average for nearly two months, with an estimated cost basis of $76,500 and a current average profit margin of about 5.5%. Compared to less than a month ago when unrealized profits averaged as high as 20%, this level has significantly narrowed.The last time short-term holders had such high profits was shortly before the peak in October 2025, so the subsequent market consolidation is not surprising. Darkfost believes that short-term holder profits are still present, and the cost basis of $76,500 remains a noteworthy support level, with short-term holders likely to intervene here to defend the average entry price.

According to the market intelligence platform Liquid247.xyz, Coinbase's spot BTC has approximately 79.62 sell orders at the $82,500 level, with a nominal value of about $6.57 million, which is an increase of about 1.52% from the mid-price of approximately $81,266 at that time. The total sell orders near the front end amount to about $16.05 million, while the buy orders are about $10.35 million.The net sell orders on Coinbase's spot market exceed the buy orders by approximately $5.70 million, accounting for 21.61% of the total depth. The sell orders near $82,500 represent the most prominent resistance at the front end.

According to Gate Market, U.S. stocks opened flat, the Dow Jones Industrial Average opened flat, the S&P 500 index rose 0.19%, and the Nasdaq rose 0.28%.Seagate Technology (STX.O) fell 3.8% as Morgan Stanley lowered its target price. Boston Scientific (BSX.N) fell 6.3% as the company lowered its annual profit forecast. Most storage and optical communication concept stocks rose, with SK Hynix (SKHY.O) up 8.6%, Micron Technology (MU.O) up 3.8%, and Corning (GLW.N) up 1.9%.

According to Catcher Predict monitoring, in the market prediction event "Bitcoin October Price Prediction" on Polymarket, the "Yes" option for the sub-market "82,500 USD" experienced a sharp fluctuation in winning probability, soaring from 55.5% an hour ago to the current 77.5% (a fluctuation of 22%). Please note the impact of related breaking news.

According to Cointelegraph, the prediction market platform Kalshi has set a deposit limit of $2,500 per month for users aged 18 to 20, which is one of its new restrictions to curb high-risk trading among young adults.

The weekly change in ADP employment in the United States for the week ending October 10 was an increase of 16,750, compared to the previous value of 18,500.

Morgan Stanley's Chief Equity Strategist Mike Wilson stated that despite the cooling enthusiasm for artificial intelligence trading and recent pressure on U.S. stocks, he maintains his forecast for the S&P 500 index to close at 8000 points by the end of the year. Morgan Stanley has set a tactical downside target for the S&P 500 at 7100 to 7200 points, slightly below the 200-day moving average, while the basic year-end target remains at 8000 points. Wilson noted that several upcoming clearing events, including the midterm elections, should mark the end of the current stock market adjustment.Wilson is relatively cautious about the semiconductor sector, believing that support levels may be significantly lower than current levels, but selling pressure may ease next month. The strategy team stated that as the market questions the timing and scale of revenue realization related to artificial intelligence, the semiconductor and other capital expenditure beneficiary sectors have become the epicenter of financing concerns; there are new doubts about the cost of capital for some participants and whether the credit market can provide sufficient funds to support related expenditures, as governments and non-AI-related capital expenditures are also competing for funds. The team indicated that given the possibility of more financing plans in the future, it is normal for the market to focus on the supply side, but this concern will persist until financing is completed.The five-year credit default swaps of the highly leveraged new cloud service provider CoreWeave closed above 1100 basis points last week, implying a default probability of about 50% on its debt within five years. Wilson's team believes that the adjustment in the semiconductor sector has entered its final stage, expecting this round of adjustment to end by mid-November; however, based on technical analysis and comparisons with the once-hot silver market, the sector may decline another 10% to 15% from current levels, with the Philadelphia Semiconductor Index potentially dipping to around 9500 points. Last week, the Nasdaq Composite Index fell a cumulative 0.7%, with a total decline of over 5% in the past two weeks; on Monday, Anthropic's public IPO prospectus boosted the AI sector, leading chip stocks to rise, and the Nasdaq Composite Index increased by 0.82%, closing at 26169.38 points.

According to BBX data, yesterday and in recent days, global publicly listed companies in the U.S. stock market disclosed the latest official accounts regarding digital asset treasury allocation, stock buybacks, and capital operations. The core updates are as follows:Strive (NASDAQ: $ASST) spent over $500 million to purchase 6,182 BTC, bringing total holdings to 43,000: According to SEC documents, Strive purchased 6,182 bitcoins from October 17 to 23 at an average price of approximately $82,732 (including fees and expenses). As of October 23, Strive's total bitcoin holdings officially reached 43,000 BTC. During the same period, the company's cash and cash equivalents surged to $504.4 million (an increase of $186.9 million compared to October 16); the balance sheet also holds 505,000 shares of Strategy STRC preferred stock (with a fair value of approximately $50.18 million). In terms of equity, the number of Class A common shares outstanding increased by approximately 3.266 million shares to about 118.1 million shares, while the outstanding shares of SATS and SATA preferred stock remained at 7 million shares and approximately 14.03 million shares, respectively.BitMine (NASDAQ: $BMNR) increased its holdings by 10,452 ETH last week, having spent nearly $400 million on stock buybacks this year: Nasdaq-listed mining company BitMine disclosed that it increased its holdings by 10,452 Ethereum in the secondary market last week. As of October 25, 2026, its total Ethereum holdings reached 6,051,933 ETH (approximately 4.95% of the total Ethereum supply). Currently, the total value of BitMine's crypto assets and investments is approximately $15 billion (including $514 million in cash and securities, 215 BTC, $180 million in Beast Industries equity, and $76 million in Eightco investments). Among these, 5,227,037 ETH have been staked (accounting for 86% of total holdings), valued at approximately $12.3 billion based on a price of $2,356 per ETH, with current annual staking yields of about $318 million. Additionally, the company repurchased 2.04 million shares of stock last week at an average price of $22.48; since 2026, it has repurchased a total of 22.9 million shares, amounting to approximately $399.6 million.

According to Lookonchain monitoring, an Ethereum OG who previously purchased 100,000 ETH at $0.31 each has sold 1,500 ETH again in the past 8 hours, worth $3.48 million.

Balancer's official statement indicates that the team, while reviewing the DAO's own assets, also examined the historical asset positions of external users. They have currently identified over $500,000 in related assets and have notified the owners.Balancer pointed out that these assets mainly involve two types of situations that are easily overlooked by asset management dashboards: first, the buffered liquidity shares of Balancer v3 use an internal accounting mechanism within the Vault, which may not be displayed on blockchain explorers or platforms like DeBank; second, there may still be collectible partner rewards in the old v2 liquidity mining contracts, even if users have previously withdrawn their liquidity.

According to Gate market data, U.S. stocks continue to rise, with the S&P 500 index increasing by 1%, the Nasdaq rising by 1.3%, and the Philadelphia Semiconductor Index up by 3%.

On October 23, Swedish automaker Volvo Cars announced an additional layoff of 2,500 employees, equivalent to 6% of its total workforce. The financial report released on the same day for the period from July to September 2026 showed an operating loss of 5.5 billion Swedish Krona, compared to a profit of 6.4 billion Swedish Krona in the same period last year; sales fell 23% year-on-year to 66.8 billion Swedish Krona; the final profit and loss was a loss of 4.8 billion Swedish Krona, compared to a profit of 5.1 billion Swedish Krona in the same period last year. The company's stock price once dropped by 30%.The financial report indicated that sales in the Chinese market fell by 41%, and global sales declined by 11%, mainly affected by weak sales in the Chinese and American markets. The sluggish sales of high-end models and the increased proportion of lower-priced models led to a deterioration in profitability, and the impairment losses from fuel consumption credits due to the relaxation of decarbonization regulations in the U.S. also dragged down profitability. Volvo Cars CEO Håkan Samuelsson stated at a press conference on the same day that the old strategy of developing global models in Europe and then selling high-end cars in China is no longer viable; that era has ended.

According to the market information platform Liquid247.xyz, the current price of BTC is $80,646. The thickest order book is on Coinbase spot: sell orders amount to $33,169,300, and buy orders amount to $18,516,800, with sell orders exceeding buy orders by $14,652,500.Binance spot, OKX perpetual, and Hyperliquid perpetual sell orders are also thicker than buy orders, but the scale is not as large as Coinbase spot. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

Slow Fog's Yu Xian posted on platform X, stating that Slow Fog's MistEye global threat intelligence hunting has discovered over 1,500 DarkSword phishing sites deployed across the internet, involving e-commerce, fake Binance, fake OKX, fake wallets, gaming, and cryptocurrency exchange businesses.

The U.S. Commodity Futures Trading Commission (CFTC) reported that as of the week ending October 20, the net long positions of CME S&P 500 index futures by stock fund managers decreased by 18,079 contracts, to 894,464 contracts.

The U.S. Commodity Futures Trading Commission (CFTC) reported that for the week ending October 20, net short positions of speculators in CME S&P 500 index futures decreased by 42,221 contracts, to 348,674 contracts.

CryptoQuant analyst Axel Adler Jr. stated that since September 22, Bitcoin has continued to show a net outflow from exchanges, with the current 30-day average net outflow being about 1,500 BTC per day, a significant decrease from approximately 3,000 BTC a week ago.However, this decline is mainly due to the large outflow data from September 22 exiting the 30-day statistical window, rather than any recent large-scale capital inflow back to exchanges.

According to Gate market data, the Dow Jones Index closed up 11.59 points on October 22, with an increase of 0.02%, reporting at 52,867.68 points; the S&P 500 Index fell by 93.82 points, with a decrease of 1.21%, reporting at 7,663.35 points; the Nasdaq Composite Index fell by 694 points, with a decrease of 2.6%, reporting at 26,008.86 points.