According to Caixin, Binance founder Changpeng Zhao confirmed on October 25th that US President Trump had signed a pardon for him. Zhao stated that he would continue to focus on the investment business of his family office, YZi Labs, and had been invited to serve as a crypto industry advisor to heads of government from multiple countries.
ETH breaks through $4,200, up 3.12% on the day
OKX market data shows that ETH has just broken through $4,200 and is currently trading at $4,202.15 per coin, with a daily increase of 3.12%.
Hong Kong media: Ant Group has applied for "ANTCOIN" and other Web3-related trademarks in Hong Kong
According to the Hong Kong Economic Journal, after reviewing the documents, it was found that Ant Group has applied to register a series of trademarks related to virtual assets, stablecoins, and blockchain in Hong Kong, including "ANTCOIN", which may be a pre-deployment for the development of related businesses in the future, aiming to expand businesses beyond traditional payments and deepen into the field of financial technology.
Regarding the claim that "Sharplink Gaming has added another 19,271 ETH to its reserves," on-chain analyst Yu Jin stated that these ETH were not purchased in the past two days, but rather on October 17th. They raised $76.5 million through a share placement on October 17th, and then purchased these 19,271 ETH at $3,892. SharpLink currently holds a total of 859,853 ETH (worth $3.58 billion), with an average cost of $3,609. This represents a current unrealized profit of $480 million.
Financial Giant Western Union to Pilot Stablecoin-Based Settlement System
According to Cointelegraph, financial services company Western Union plans to pilot a stablecoin-based settlement system to modernize its remittance services for over 150 million customers. During Western Union's third-quarter earnings call on Thursday, CEO Devin McGranahan stated that the pilot "aims to utilize on-chain settlement channels, reduce reliance on the traditional correspondent banking system, shorten settlement cycles, and improve capital efficiency." McGranahan stated that Western Union initially refrained from entering the cryptocurrency space due to concerns about volatility, regulatory uncertainty, and customer protection, but the passage of the GENIUS Act changed that course. Western Union stated that the stablecoin service will provide customers with more choice and control over how they manage and transfer their funds, particularly for those in countries with high inflation.
According to Onchain Lens, Richard Heart (founder of HEX and PulseChain) has transferred a total of 30,066 ETH (worth $125.09 million) to a new wallet. Of this, 29,804 ETH (worth $124 million) was transferred via TornadoCash.
Bensant: The US is no longer considering imposing 100% tariffs on China
According to Global News, on October 26, the Chinese and US trade teams concluded two days of consultations in Kuala Lumpur, the Malaysian capital. Reuters reported that this was the fifth face-to-face consultation between the two teams since May. Following the meeting, US Treasury Secretary Bensont stated in an interview with US media that the two-day talks in Kuala Lumpur resulted in a "very substantive framework agreement" and that the US was "no longer considering" imposing 100% tariffs on China.
Solana co-founder Toly, in a post on the X platform, pointed out that the current Layer 2 network suffers from fundamental security issues. He believes that building a complete Layer 2 network is complex and subject to a wide range of attack vectors, making it difficult to guarantee vulnerability-free and fully functional. Consequently, existing Layer 2 networks generally employ upgraded multi-signature mechanisms, but this renders all security guarantees meaningless. Toly emphasized that Layer 2 and the cross-chain bridge Wormhole face the same extreme risk: multi-signatures can mobilize all bridged funds. In contrast, validators on chains like Sui cannot unilaterally change the state without coordination from major exchanges and RPC nodes, even if they have 100% staked. Layer 2 multi-signatures, however, can directly upgrade bridge contracts and transfer funds. He explicitly refuted the claim that Layer 2 inherits Ethereum's security, pointing out that five years after the L2 roadmap was implemented, Solana's Wormhole-bridged Ethereum funds face the same extreme risks as those on the Base chain, while generating comparable returns for Ethereum L1 stakers. Toly believes that Layer 2's insurmountable security issues are the reason it has failed to achieve true security over the past five years.
Sharplink Gaming has added another 19,271 ETH worth $80.37 million to its reserves
According to Onchain Lens, Sharplink Gaming has added another 19,271 ETH worth $80.37 million to its strategic ETH reserve.
According to SolanaFloor, after being acquired by Pump.fun, trading terminal Padre announced that PADRE token holders will receive PUMP tokens based on their holdings, as recorded in the October 24th snapshot. Holders must submit their Solana wallet addresses by December 30th to claim the tokens. This move follows backlash from Pump.fun's tweet announcing the acquisition, which stated that PADRE tokens "will no longer have utility on the platform."
According to The Block, according to Glassnode data, approximately 62,000 Bitcoin (worth approximately $7 billion) has been moved out of long-inactive wallets since mid-October, marking the first significant drop since the second half of 2025. This reduces Bitcoin's illiquid supply and may make it more difficult for price gains to build. However, Glassnode noted, "Interestingly, whale wallets have actually been accumulating Bitcoin during this period, with their holdings increasing over the past 30 days and having largely refrained from significant selling since October 15th." Furthermore, wallets holding approximately $10,000 to $1 million worth of Bitcoin have seen the largest outflows, having consistently sold since November of last year. Glassnode wrote, "Momentum buyers have largely exited the market, while bargain hunters have failed to generate sufficient demand to absorb this supply. With the number of first-time buyers remaining flat, this supply-demand imbalance will continue to pressure prices until stronger spot demand emerges." The decline in Bitcoin prices has been accompanied by a similar decline in the proportion of Bitcoin in circulation that is profitable. Currently, about 82.3% of the supply is profitable, up from the year-to-date low of 76.0% in April.
Proposal to curb Bitcoin spam with a temporary soft fork sparks debate among developers
According to The Block, a debate among Bitcoin developers over blockchain data capacity has spawned the controversial proposal BIP-444. This proposal, introduced after the Bitcoin Core v30 update removed the upper limit on the amount of data that can be added via OP_RETURN, has only been adopted by approximately 6.3% of nodes. BIP-444 proposes limiting OP_RETURN outputs to 83 bytes and most other scriptPubKeys to 34 bytes, effectively blocking outputs containing large scripts or data blocks. The proposal also limits the size of individual data pushes, invalidates unused or undefined script versions to prevent circumvention of the limits, limits the size of embedded Merkle trees in Taproot outputs, and prohibits OP_IF in Tapscripts, effectively eliminating the ordinal inscription method. These changes will be implemented via a temporary soft fork, expected to last a year, to allow developers to explore alternative data storage options. Critics argue that this violates Bitcoin's permissionless nature and constitutes censorship. Jameson Lopp of Casa notes that the proposal lacks clear definition of the issues at stake and raises questions about the legal liability of node operators. The proposal has not yet been submitted to the bitcoin development mailing list for feedback, but it has sparked heated discussion on social media.
A whale sold 99,979 SOL a week ago and has now exchanged it for 4532 ETH.
According to Lookonchain monitoring, a whale sold 99,979 SOL worth $18.5 million a week ago. Currently, the whale has purchased 4,532 ETH at a price of $4,084.
Arthur Hayes: Zcash Token ZEC May Rise to $10,000
BitMEX co-founder Arthur Hayes posted on the X platform that the Zcash token, ZEC, could reach $10,000 ($ZEC to $10,000). The Zcash project, launched in 2013, was initially a privacy-preserving cryptocurrency, ensuring complete anonymity for transactions between parties on the blockchain. Today, ZEC's market capitalization surpassed $5 billion, setting a new record high.
According to on-chain analyst Ai Yi's monitoring, Richard Heart (founder of HEX and PulseChain) transferred another 11,558 ETH to a new address 15 minutes ago and began transferring it to Tornado Cash in batches. Currently, the receiving address has transferred 7,300 ETH, worth US$29.56 million.
Tom Lee: ETH is still in a super cycle
BitMine Chairman Tom Lee wrote on the X platform that ETH is still in a super cycle. Most of the time, prices "lead" fundamentals, but sometimes fundamentals lead prices, such as when demand for stablecoins surges and Ethereum transaction volume hits a record high.
The whale with a 100% win rate has made over $10 million in profit in three days.
According to on-chain analyst Aunt Ai’s monitoring, the giant whale with a 100% winning rate has made a floating profit of more than 10 million US dollars in three days.
According to Jinshi.com, China and the United States held economic and trade consultations in Kuala Lumpur from October 25th to 26th local time. Li Chenggang, China's International Trade Representative and Vice Minister of Commerce, told Chinese and foreign media after the consultations that the two sides reached a preliminary consensus on properly resolving several important economic and trade issues of mutual concern, and the next step will be to complete their respective domestic approval procedures. "Over the past month or so, there have been some shocks and fluctuations in Sino-US economic and trade relations, which have drawn great global attention." Li Chenggang stated that since the Sino-US Geneva economic and trade talks in May of this year, China has strictly adhered to the consensus reached in multiple phone calls between the two presidents, faithfully and conscientiously implemented the consensus arrangements reached in the economic and trade consultations, and carefully nurtured the hard-won and relatively stable Sino-US economic and trade cooperation relationship. "These shocks and fluctuations are not what China wants to see." "The US side expressed a tough position, while China is resolute in safeguarding its interests." Li Chenggang stated that during the consultations, the Chinese and US economic and trade teams maintained mutual respect and dialogue on an equal footing. Going forward, the two sides will further strengthen communication and exchanges and make positive efforts for a more stable and healthy development of Sino-US economic and trade relations.
The whale who built a $30 million WBTC position spent another 14.41 million USDT to buy 126.18 WBTC
According to on-chain analyst Ai Yi's monitoring, the whale who built a WBTC position with $30 million spent another 14.41 million USDT to buy 126.18 WBTC in the past 15 minutes. Since October 21, he has hoarded 397.91 WBTC in this round of trading, with a total investment of up to $44.41 million, an average cost of $111,608, and a current floating profit of $777,000.
According to CoinDesk, Greg Cipolaro, global research director at NYDIG, said that Bitcoin has long been called "digital gold" and is often promoted as an inflation hedge tool like precious metals, but this statement is actually untenable. Inflation is not a key factor affecting Bitcoin prices. In fact, the inverse relationship between Bitcoin and real interest rates has strengthened in recent years, and it has evolved into a liquidity barometer and an indicator of global liquidity.
According to Token Unlocks data, tokens such as SUI, GRASS, and EIGEN will have large-scale unlocking next week. Among them, Sui (SUI) will unlock approximately 43.96 million tokens at 8:00 am Beijing time on November 1, accounting for 1.21% of the current circulation and worth approximately US$113 million; Grass (GRASS) will unlock approximately 181 million tokens at 9:30 pm Beijing time on October 28, accounting for 72.4% of the current circulation and worth approximately US$79.3 million; EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12:00 noon Beijing time on November 1, accounting for 12.10% of the current circulation and worth approximately US$41.6 million; Jupiter (JUP) will unlock approximately 53.47 million tokens at 10:00 pm Beijing time on October 28, accounting for 1.72% of the current circulation and worth approximately US$23 million. Zora (ZORA) will unlock approximately 167 million tokens at 8:00 AM PDT on October 30th, representing 4.55% of the current circulating supply and a value of approximately $15.9 million. Kamino (KMNO) will unlock approximately 229 million tokens at 8:00 PM PDT on October 30th, representing 5.99% of the current circulating supply and a value of approximately $14.2 million. Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 AM PDT on October 31st, representing 1.71% of the current circulating supply and a value of approximately $14.2 million. Immutable (IMX) will unlock approximately 24.52 million tokens at 8:00 AM PDT on October 31st, representing 1.24% of the current circulating supply and a value of approximately $13.3 million. Sign (SIGN) will unlock approximately 290 million tokens at 6:00 PM PDT on October 28th, representing 21.48% of the current circulating supply and a value of approximately $12.1 million.
Michael Saylor posted another Tracker message on the X platform, writing, “It’s Orange Dot Day.” This suggests that Strategy may disclose Bitcoin accumulation data next week.
Bessant: Overall inflation has declined since US President Trump took office
According to Jinshi, U.S. Treasury Secretary Benson said that the overall inflation rate has declined since U.S. President Trump took office.
According to Jinshi.com, Vice Premier He Lifeng stated that the essence of China-US economic and trade relations is mutual benefit and win-win results. Cooperation benefits both sides, while conflict hurts both. Maintaining the stable development of China-US economic and trade relations serves the fundamental interests of both countries and their peoples, and meets the expectations of the international community. Regarding differences and frictions arising in economic and trade cooperation, both sides should adhere to the principles of mutual respect, peaceful coexistence, and win-win cooperation, and find ways to properly address their respective concerns through equal dialogue and consultation. The hard-won achievements of the China-US economic and trade consultations require joint efforts to safeguard them. It is hoped that the US and China will work together to implement the important consensus reached in previous phone calls between the two heads of state and the outcomes of the economic and trade consultations held this year, further build mutual trust, manage differences, expand mutually beneficial cooperation, and elevate bilateral economic and trade relations to a higher level. Both sides agreed to give full play to the role of the China-US economic and trade consultation mechanism under the strategic guidance of the two heads of state, maintain close communication on their respective economic and trade concerns, and promote the healthy, stable, and sustainable development of China-US economic and trade relations for the benefit of the people of both countries and global prosperity.
