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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.

According to Catcher Predict monitoring, the probability of the "Yes" option in the sub-market "Shai Gilgeous-Alexander: Points O/U 31.5" for the "Thunder vs. Mavericks" event on the Polymarket has experienced a sharp fluctuation, dropping from 45.5% an hour ago to the current 27% (a fluctuation of 18.5%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, the probability of the "Thunder" option in the sub-market "1H Spread -9.5" for the event "Thunder vs. Mavericks" on the prediction market Polymarket has experienced significant fluctuations, rising from 30% an hour ago to the current 50% (a fluctuation of 20%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the market prediction event "Mavericks vs. Heat" on Polymarket, the "Yes" option for the sub-market "Pelle Larsson: Assists O/U 3.5" experienced a sharp fluctuation in winning probability, soaring from 22% an hour ago to the current 39.5% (a fluctuation of 17.5%). Please note the impact of related breaking news.

Renowned trader Killa stated that the market is currently anticipating Bitcoin to reach the previous extreme low point of the downturn again, but at that time, the "liquidation shadow" appeared during a concentrated outbreak of multiple negative factors. Unless more negative news emerges subsequently, it should not be assumed that Bitcoin will inevitably drop to the previous low point again, and historical trends may not simply repeat.Killa further pointed out that buyers in the fourth quarter seem to still be waiting for a lower entry price and suggested that investors continue to dollar-cost average (DCA) into BTC over the next few weeks.Killa mentioned that Bitcoin has currently retraced about 9%, and in his view, this is a decent pullback within a bull market.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a certain whale purchased 2,887.49 ETH on-chain at an average price of $2,315 about 10 hours ago, worth approximately $6.68 million.Since then, the crypto market has hit a short-term low and started to rebound, and this ETH position is currently up by about $122,000.

According to Catcher Predict monitoring, the probability of the "Yes" option in the sub-market "Victor Wembanyama: Points O/U 28.5" for the event "Spurs vs. Mavericks" on the prediction market Polymarket has experienced significant fluctuations, soaring from 25% an hour ago to the current 43.5% (a fluctuation of 18.5%). Please note the impact of relevant breaking news.

Bitcoin News posted on the X platform that after Bitcoin closed below the 50-day moving average, the price hovered around $80,600, marking the first time since August that it fell below this average, ending a streak of 66 days above it. Currently, the price is still about 10% higher than the 200-day moving average.The U.S. spot Bitcoin ETF saw a net outflow of $137.9 million on Friday, marking two consecutive trading days of net outflows. Previously, on Thursday, there was a net outflow of $635.6 million, the largest single-day outflow since June. The total net outflow over the two trading days is approximately $773.5 million.

According to Lookonchain monitoring, an Ethereum OG who purchased 100,000 ETH at a price of $0.31 during the ICO period sold 1,000 ETH 6 hours ago.

According to on-chain analyst Ai Yi's monitoring, since the end of September, a certain whale has increased its long position in ETH by 9,000 coins, lowering the average long price to $2,553.31.A certain whale has collateralized 18,500.54 WETH on Aave, worth $45.53 million, and borrowed $25.01 million in stablecoins, with a health ratio of 1.51. Since September 29, this whale has withdrawn 12,549.9 ETH from Binance through this method, worth $32.04 million, during which it has averaged down from $2,736.47 to $2,460.

According to Gate market data, U.S. stocks opened lower, with the Dow Jones down 0.04%, the S&P 500 index down 0.22%, and the Nasdaq down 0.49%. SK Hynix fell 3%, SanDisk fell 1.7%, Micron Technology fell 1.9%, Western Digital fell 0.9%, Apple fell 0.8%, and General Motors fell 6%.

According to a report by The Block, Coinbase released a report titled "The Always-On Dollar" indicating that in the third quarter of 2026, the average hourly transfer amount of organic stablecoin transactions exceeded $400 million. Over the past 12 months, as of July 31, approximately 73% of filtered stablecoin transfer volume occurred outside of U.S. banking hours, highlighting the demand for 24/7 stablecoin payments.The report shows that the adjusted quarterly transfer volume of stablecoins has grown to four times its original amount since the beginning of 2023, reaching $891 billion in the third quarter of 2026. At the current growth rate, this figure is expected to reach $1.5 trillion by the end of 2027. The report also noted that using USDC to remit $200 through the Base network can save about 86% in fees compared to traditional payment channels. Furthermore, if 80% of global international transactions shift to stablecoin payment networks, the global annual GDP could increase by an additional $155 billion.Looking ahead, the report believes that stablecoins are likely to become an important payment infrastructure for the AI agent economy. McKinsey estimates that by 2030, between $3 trillion to $5 trillion in B2C commercial transactions will be facilitated by AI agents, with stablecoins supporting small transactions such as payment task fees between agents, purchasing API calls, and on-demand access to data and computing power.

The cryptocurrency trading platform Bitfinex stated on X that even though the ETF is in a sell state, new BTC buyers have still accumulated about 570,000 BTC since the end of July.Bitfinex indicated that the average cost for these buyers is approximately $75,000, and this cost has been maintained during each pullback since August.

Well-known trader Doctor Profit stated that after Bitcoin previously bottomed out and rose significantly above the 50-day moving average, it has not retraced to that moving average until now, and it has now tested this support level. He believes that this support will hold, and Bitcoin will continue to rise from the current level.

According to on-chain analyst Ai Yi's monitoring, a certain whale withdrew 1100 ETH from OKX 20 hours ago at a price of $2516.77, worth approximately $2.77 million; one hour ago, they replenished 2188 ETH at a price of $2416.89, worth approximately $5.29 million, with an average price of 3288 ETH being $2450.

The Thailand Securities and Exchange Commission has completed the rule-making for Bitcoin ETFs, and the new regulations will take effect on October 16. Bitcoin has been included as a qualified asset in the first phase.According to the rules, the average net exposure of the relevant funds for each accounting year must reach at least 80% of the net asset value. The custodian must be licensed by the Thailand Securities and Exchange Commission, and fund shares can only be traded on the Thailand Stock Exchange. Securities companies are not allowed to provide margin financing. Thai mutual funds and private funds will be permitted to invest in locally listed cryptocurrency ETFs, but initially, the issuance and provision of depositary receipts related to overseas cryptocurrency ETFs are prohibited.

Bitcoin treasury company Strive today submitted an 8-K filing disclosing that from October 12 to October 13, it increased its holdings by 2,822 bitcoins at an average price of approximately $83,266 per coin.This acquisition cost $235 million, increasing its bitcoin holdings to 35,600 coins.

Federal Reserve Board member Bowman stated that they are planning a comprehensive restructuring to address the risk-averse culture issues exposed during the collapse of Silicon Valley Bank.

According to CryptoQuant analyst nocoffeenobrain's monitoring, Bitcoin holdings aged 1-3 years and over 3 years showed signs of activity as early as the end of September, when the BTC price rose from the mid-$70,000s to the mid-$80,000s.Recently, Ledger was hacked, prompting a large number of users to migrate their assets to new signers and change their mnemonic phrases. It is expected that the 7-day moving average will further rise in the coming days. Analysts pointed out that similar patterns have occurred before—during the period from January to February this year, when BTC fell from the mid-$90,000s to the mid-$60,000s, and during the period from July to August when BTC fluctuated in the mid-$60,000s, both of the aforementioned holding age segments showed synchronized activity.

According to Bloomberg, Coinbase co-founder Fred Ehrsam is betting personal funds on Venezuela's oil industry. He referred to this opportunity to become a significant oil producer as an "excellent opportunity" and compared it to the once-in-a-generation investment opportunities that helped him join the ranks of billionaires.The startup founded by Fred Ehrsam, Primavera, has recently signed multiple contracts with the state-owned oil company Petróleos de Venezuela S.A. (PDVSA) and is preparing to take over the operations of several oil fields in the country.Primavera has also hired senior oil industry professionals from Chevron and Occidental Petroleum to assist in building the necessary infrastructure to support the production of conventional oil and heavy crude.