ana

Yorkville Ives analysts pointed out that Microsoft's financial report shows its cloud computing capacity is sufficient to meet the enormous market demand. Microsoft Azure's revenue exceeded Wall Street expectations, becoming a key factor in stock performance.Before the financial report, the market had already seen AI-driven demand, but there were doubts about the speed of capacity release. Microsoft's promised future expenditure scale is $677 billion, with confirmed revenue expected to increase in the next 12 months. On Thursday before the market opened, Microsoft's stock price rose 2.7% against the trend.

CryptoQuant analyst Axel Adler Jr.'s latest report indicates that the rolling distribution volume of Bitcoin long-term holders (LTH) has decreased by 22% in the past week, showing that the potential selling pressure from long-term holders has eased.However, despite Bitcoin's price remaining above the average cost basis of long-term holders, their unrealized profit margin continues to narrow. Adler points out that the distribution activity of long-term holders has weakened, but the shrinking profit buffer is still worth noting.

According to the official announcement, Gate Money has recently adjusted the fee standards for its USD-named accounts. While continuing to offer free account opening services, the account management fee has been reduced from 2 USDT per month to 1 USDT, and the USD withdrawal fee has been lowered from 50 USDT per transaction to 25 USDT, with both fees seeing a reduction of 50%. In addition, VIP 5 and above users can enjoy a full waiver of the account management fee, further reducing the costs of account usage and cross-border fund management.Currently, Gate Money supports four major fiat currencies—USD, EUR, GBP, and AED—for cross-border deposits and withdrawals via SWIFT. Eligible users can open a USD bank account in their name with one click and complete fund transfers, asset exchanges, yield management, and daily payments through the Gate App, enhancing the convenience of multi-currency fund management.Additionally, Gate Money is launching a limited-time account opening reward activity, lasting until November 11 at 16:00 (UTC+8). Users who complete registration and identity verification, open a USD-named account for the first time, and complete a valid bank transfer will have the chance to receive a random reward of 2–100 USDT, with specific rules subject to the official announcement.

According to CBC, a federal judge in Miami, USA, sentenced 20-year-old Canadian man Trenton Johnston to 25 months in prison. Previously, he admitted to participating in a money laundering conspiracy and surrendered approximately 3.8 million dollars worth of stolen cryptocurrency.Johnston began his crimes in January 2024, impersonating Google technical support and representatives from cryptocurrency companies to trick victims into providing wallet access codes. In one case, he and an accomplice defrauded a victim in California of 185 bitcoins (worth about 13 million dollars at the time). He then used the stolen funds to purchase luxury items such as a Lamborghini Aventador SVJ, two BMWs, jewelry, and private jet rentals. Johnston has agreed to be deported back to Canada and is still facing drug possession charges in Florida.

The Solana ecosystem meme coin free mika (MIKA) dropped on October 28. Its genesis address transferred approximately 500.44 million tokens to another wallet, accounting for about half of the initial supply; about 7 seconds later, that wallet sold approximately 500.83 million MIKA on PumpSwap, with the selling price temporarily dropping about 99% compared to before the sale.There are claims that the wallet nonce prevented the key holder from transferring funds, but this transfer used a normal recent blockhash, and it is currently unclear whether this sale was due to an external attack or from existing holders.

According to CoinDesk, APX Lending, a lending institution in Toronto, Canada, announced on Wednesday that it plans to launch Bitcoin-backed mortgages in the first quarter of 2027, allowing homebuyers to raise down payments or full home payments without selling their Bitcoin.The company has opened a waiting list and claims it will become Canada's first regulated Bitcoin mortgage provider, but has not yet disclosed mortgage rates, repayment terms, loan-to-value ratio limits, or the trigger conditions for additional collateral or liquidation.

CryptoQuant analyst CoinNiel stated that as of October 27 (UTC), Bitcoin exchange outflows indicate an improvement in supply conditions, but the evidence still supports a neutral stance. The exchange shifted from a net inflow of 7,278 BTC on October 26 to a net outflow of 12,702 BTC on October 27, with net outflows of 4,633 BTC and 4,048 BTC over the past 7 days and 30 days, respectively, although there were inflows recorded on 4 days in the past week.The funding rate is +0.00762%, higher than the 7-day and 30-day averages, indicating a bullish tendency but not overheated; the open interest is $25.67 billion, up 0.56% over 7 days and 0.33% over 30 days. The LTH-SOPR decreased from 1.1657 to 1.0124, close to the breakeven point, but it cannot confirm a decrease in selling volume. CoinNiel stated that he maintains a neutral judgment until a sustained trend of net outflows from exchanges is formed; if net outflows continue and the funding rate and open interest remain stable, it will strengthen a bullish judgment. If net inflows reoccur and both increase significantly, a reassessment will be necessary. Recent net outflows have largely been driven by single-day movements, the funding rate remains positive, and open interest is growing moderately.

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.

The criminal case involving Aiden Pleterski, who claims to be the "King of Crypto" in Canada, related to a Ponzi scheme involving digital assets, will be submitted to the jury for deliberation after closing arguments this week. Presiding Judge Shaun Nakatsuru has given the jury final instructions, and the jury is set to begin deliberations on Thursday. Pleterski is accused of defrauding approximately $30 million from fans on social media between 2021 and 2022, and was charged with fraud in 2024, subsequently awaiting trial for over two years.In his closing arguments, Pleterski declared his innocence. He stated, "I am not guilty of these charges, which is why I am not pleading guilty. This would have been proven if I had not been forced to represent myself. That's all I have to say." Due to his choice to represent himself, he is acting on his own behalf in court. If convicted of fraud, he faces a maximum sentence of 14 years in prison.In another criminal case, five men are charged with kidnapping and torturing Pleterski in 2022, some of whom are reportedly victims of his scheme. Defendant Deren Akyeam-Pong has pleaded guilty to nine charges and is awaiting sentencing. Pleterski is one of several figures in the crypto industry facing fraud charges; former FTX CEO Sam Bankman-Fried was convicted in 2023 and is serving a 25-year sentence in the United States.

According to Whale Alert monitoring and Solscan data, at 04:28 Beijing time, USDC Treasury minted an additional 250 million USDC on the Solana chain.

According to Gate market data, Oracle (ORCL.N) has seen its increase expand to over 7% due to management providing an optimistic performance outlook.

According to Jinshi citing CNBC analysis, the market generally expects the Federal Reserve to maintain interest rates at this meeting, but further deterioration of inflation may force it to tighten more in the coming months.TD Securities stated that if subsequent inflation data is significantly high, or if the labor market remains strong, the market may raise expectations for the Federal Reserve to implement a one-time rate hike of 50 basis points at future meetings.

According to Bloomberg, after a summer rebound, Bitcoin's upward momentum is gradually fading, currently retreating to around $80,000, with investors facing ongoing selling pressure as they attempt to breach the $100,000 mark. The cost basis for investors who bought Bitcoin in the past two years is concentrated at $87,000 and above, and the selling pressure around this price level has suppressed Bitcoin's rebound twice this year, followed by at least a 25% retracement in price.Additionally, the average cost basis for Bitcoin ETF holders is about $81,500. If the price continues to close below this level, it may indicate that the average ETF holder has turned to a floating loss, weakening recent on-chain support. Furthermore, macroeconomic factors are also putting pressure on Bitcoin. AI concept stocks have performed poorly this month, and analysts believe that Bitcoin remains highly correlated with tech stocks. Concerns over AI valuations and debt risks are weighing on Bitcoin, and the market has yet to confirm the start of a new bull market; future trends will still depend on the macro environment and sustained buying performance.

According to Bloomberg, Solana is trying to shift from a growth model reliant on meme coins and speculative trading to more mainstream financial applications such as stablecoins and tokenized assets, in order to attract adoption from Wall Street institutions. Currently, financial institutions such as JPMorgan, Morgan Stanley, and Standard Chartered, as well as payment networks like Visa and Fiserv, have already started related businesses on this network.However, with the cryptocurrency market in a slump and competitors like Hyperliquid rising, Solana faces challenges in transforming its growth model. Data shows that SOL has dropped nearly 20% this year, and U.S.-listed spot and staking SOL ETFs have recorded outflows for two consecutive weeks this month, totaling about $50 million. Meanwhile, Solana's share of on-chain perpetual contract trading volume has decreased from 17% to 6%.

According to The Block, as the U.S. midterm elections approach, the digital asset industry may face changes in the congressional political landscape. Over the past two years, the Republican-led Congress passed the stablecoin bill GENIUS Act and advanced the broader Clarity Act; the latter passed the House in 2025 but stalled in the Senate due to controversies over stablecoin rewards and ethical issues raised by former President Trump's crypto wealth. Prediction market Kalshi shows that the probability of the Democrats winning the Senate and the House is 64% and 90%, respectively.The chair of congressional committees holds the power to set the agenda. If the Democrats regain the Senate, Elizabeth Warren will become the chair of the Senate Banking Committee. Ron Hammond, head of policy and advocacy at Wintermute, expects that she will actively use subpoena power and may focus on scrutinizing the Office of the Comptroller of the Currency's approvals of new bank charters for Ripple, Coinbase, and World Liberty Financial, which is supported by the Trump family.The election situation in Ohio is also under scrutiny, with former Senate Banking Committee chair Sherrod Brown facing pro-crypto Republican Jon Husted. Fairshake PAC has pledged $30 million to support Husted. Hammond stated that if Brown wins, he may become the chair of the Senate Agriculture Committee, which could potentially shelve related crypto legislation. In the House Financial Services Committee, regardless of whether Maxine Waters, Sean Casten, or Bill Foster leads, the Clarity Act is unlikely to advance. Lindsay Fraser, chief policy officer of the Blockchain Association, stated that while congressional control may change, the demand for clear crypto regulations will not.

The data analysis platform Hex completed a $100 million financing round at a valuation of $1.2 billion, led by Peak XV and 137 Ventures, with participation from Amplify, Avra, a16z, Redpoint, Sequoia, and Zero Prime.

According to market news, Mirae Asset Securities (HK), a subsidiary of Mirae Asset Securities in South Korea, announced that it has completed a tokenized financing note issuance on the Solana blockchain, targeting qualified institutional investors.The note is denominated in US dollars, has a six-month term, and is a floating-rate note, included in the company's $3 billion guaranteed structured note program. Marketnode, a regulated digital market infrastructure operator in Singapore, acts as the authorized distributor, with support from the Solana Foundation. Mirae Asset is responsible for the token issuance, payment, and full lifecycle management. The note is offered only through private placement to professional investors as defined by the Hong Kong Securities and Futures Ordinance, and is not approved or registered by the Hong Kong Securities and Futures Commission.

AI wealth management platform Nevis announced the completion of a $70 million Series B financing round. This round was led by EQT Ventures, with new investors including Charles Schwab and QuantumLight (founded by Revolut founder Nik Storonsky), while existing investors such as Sequoia Capital, ICONIQ Capital, and Ribbit Capital also increased their investments.Nevis has raised a total of $110 million over the past two years. In the past 12 months, its revenue has grown more than 25 times, and the platform's asset scale has increased from $50 billion to over $70 billion. The company has partnered with more than 10 RIAs (Registered Investment Advisors) including Focus Financial Partners. The new funds will be used to expand the team and develop new products.

At the same time, the company signed a basic cooperation agreement for lightning network routing business with ALC, using the BTC held by ALC as the liquidity for the channels operated by the company, jointly building local routing infrastructure in Japan. The raised funds will be used to pay for infrastructure development, talent recruitment, routing business, and research and development, with a focus on promoting the lightning payment service "aurora" that can be accessed through the existing payment systems of merchants via API.