Today's news tips:
Spot gold briefly fell below the $4,250 mark, with a daily drop of 2.35%.
Binance Launches Turtle (TURTLE) HODLer Airdrop, Trading Opens on October 22nd
SpaceX transfers $268 million worth of BTC, suspected to be from internal wallets
Macro
Spot gold briefly fell below the $4,250 mark, with a daily drop of 2.35%.
According to Jinshi data, the spot gold price fell below the $4,250/ounce mark, with a daily drop of 2.35% to $4,261/ounce.
According to the Securities Times, GRG Banking member company GRG Huitong (Hong Kong) Co., Ltd. has officially obtained the Money Service Operator Licence (MSO Licence) issued by the Hong Kong Customs. It plans to leverage GRG Banking's accumulation in digital technologies such as artificial intelligence, blockchain, and big data to further enhance the intelligence and security of cross-border funds settlement and foreign exchange business.
Solana Company opens PIPE investor sales early, sending its stock price plummeting 60%
According to CoinDesk, Pantera-backed Solana Company (HSDT, formerly Helius), the SOL digital asset treasury, announced it will allow investors in its $500 million PIPE round to resell shares early, describing it as "ripping the band-aid." The company's private placement in September was priced at $6.881 per share. Its current share price has fallen to approximately $6.50, a roughly 60% drop over the past three days, including a further 17% drop on Monday. The company stated that the early unlocking will clear out "weak hands" and strengthen its long-term shareholder base. The share prices of several digital asset treasuries have come under pressure since the PIPEs took effect, raising questions about the sustainability of this model.
Coinbase submitted a 30-page opinion to the U.S. Treasury Department, stating that the Bank Secrecy Act (BSA) and related regulations are outdated, inefficient, and increase data exposure. The company proposed establishing a "safe harbor" for compliance tools that use AI and API monitoring, recognizing decentralized IDs and zero-knowledge proofs as customer verification methods, and promoting "know your transaction" (KYT) on-chain analysis over traditional suspicious reporting. Coinbase proposed strengthening public-private collaboration through a regulatory sandbox, with a results-oriented approach to reducing low-value reporting. This proposal contrasts with a recent Senate Democratic draft targeting DeFi, which has been criticized as "effectively banning" DeFi and wallet development.
Viewpoint
CryptoQuant: Bitcoin futures liquidity is weak and buyer initiative has significantly weakened
According to CryptoQuant analyst Axel Adler Jr., the Bitcoin Futures Liquidity Index indicates the market remains in weak territory (<45). Bulls attempted to retake market control twice on October 13 and October 20, but both attempts failed. While the first attempt appeared strong, it quickly lost momentum, and the second attempt lacked sustained momentum. Currently, the price remains below 30-day fair value, futures liquidity is weak, and buyer activity has significantly diminished, indicating signs of market fatigue among bulls.
Bank of Japan Deputy Governor: Stablecoins could become a key player in the global payment system
Bank of Japan Deputy Governor Ryozo Himino: Stablecoins may become a key role in the global payment system, partially replacing the role of bank deposits.
An article published today in the Study Times points out that the global geopolitical landscape is undergoing profound restructuring. Digital currencies, as key strategic tools for national total war, modern hybrid warfare, and digital financial warfare, are reshaping cross-border capital flows and resource mobilization during wartime. Digital currencies, powered by blockchain technology, feature decentralization and distributed ledgers, ensuring the integrity and security of transaction data. In battlefield environments, these characteristics can even impact the success or failure of military operations. While Bitcoin lacks the safe-haven properties of gold, the decentralized nature of blockchain is gradually strengthening its role as a "non-sovereign asset." Following the outbreak of geopolitical conflict, cryptocurrency prices typically fluctuate and rebound rapidly, demonstrating their high sensitivity to conflict information and liquidity adaptability. Digital currencies can demonstrate resilience in wartime markets, supporting economic operations and livelihood security in war zones, and are crucial for protecting funds during armed conflict.
Project News
According to Sky Protocol's official announcement, the project used $680,000 in USDS to repurchase 11.25 million SKY tokens last week. To date, the total amount of USDS used for repurchases has exceeded $79 million.
Binance Launches Turtle (TURTLE) HODLer Airdrop, Trading Opens on October 22nd
Binance HODLer Airdrops have launched the 55th project, Turtle (TURTLE), a liquidity distribution protocol. From 08:00 on October 14, 2025, to 07:59 on October 17, 2025 (Beijing Time), users who subscribe to BNB for guaranteed or on-chain earning products will receive a retroactive TURTLE airdrop. TURTLE deposits will open at 18:00 on October 21, and Binance will list TURTLE at 23:00 on October 22, with trading available for USDT, USDC, BNB, FDUSD, and TRY. The total TURTLE genesis token supply is 1 billion, and the HODLer airdrop will total 10 million, representing 1% of the maximum supply. The circulating supply at launch is approximately 154.7 million.
ZORA and RECALL are listed on Bithumb's Korean Won Market
According to Bithumb's announcement, ZORA and RECALL will be listed on its Korean won market, with free transaction fees. ZORA is based on the BASE network and does not support deposits on other networks.
Helium to Launch Daily HNT Repurchase and Explore Digital Asset Vault Business
According to an announcement on Helium's official X account, the project will initiate a daily market buyback of equal amounts of HNT, replacing the previous HNT burn from the team treasury to align with the daily network revenue burn. This buyback will be executed through an automated DCA mechanism and will not affect additional purchases from centralized exchanges, AMMs, and OTC platforms. Furthermore, Helium is preparing to establish a Digital Asset Treasury (DAT) to increase the value of HNT assets through revenue generation, and plans to present its vision for the future of wireless connectivity to traditional market investors.
Upbit to List SynFutures (F)’s Korean Won and USDT Trading Pairs
Upbit will list SynFutures (F)’s Korean Won and USDT trading pairs.
Important data
As of October 2025, Binance Alpha has listed 221 tokens through airdrops, Token Generation Events (TGEs), and the Booster Program. Approximately 48% of these tokens subsequently landed on Binance Futures and 17% on the spot market. Users can earn Binance Alpha Points through trading and participate in airdrops, TGEs, Pre-TGEs, and Booster Programs to earn rewards. Historically, the best-performing TGE was MYX, with users earning up to $9,035. The STBL airdrop program offered the highest reward of $2,412.
SpaceX transfers $268 million worth of BTC, suspected to be from internal wallets
According to Aiyi, SpaceX transferred a total of 2,395 Bitcoins three months later, equivalent to approximately $268 million at current prices. 1,187 of these were transferred to the address bc1qq…4sduw, and 1,208 to the address bc1qj7…6kqef. Neither has been further transferred or sold. Notably, a similar transfer in July was ultimately marked by Arkham as a Coinbase Prime Custody address, suggesting this operation was also an internal transaction.
According to SoSoValue data, Ethereum spot ETFs saw a net outflow of $146 million on October 20th, Eastern Time, marking the third consecutive day of capital outflows. BlackRock's ETHA saw a net outflow of $118 million, the largest ETF outflow yesterday, bringing its total net inflow to $14.125 billion. Fidelity's FETH saw a net outflow of $27.8197 million, bringing its total net inflow to $2.758 billion. Currently, the total net asset value of Ethereum spot ETFs is $26.83 billion, representing 5.56% of ETH's total market capitalization.
According to SoSoValue data, Bitcoin spot ETFs saw a net outflow of $40.4683 million on October 20th, marking the fourth consecutive day of capital outflows. BlackRock's IBIT saw a net outflow of $101 million, the largest ETF outflow of the day. VanEck's HODL saw a net inflow of $21.1598 million, while Bitwise's BITB saw a net inflow of $12.0520 million. As of now, the total net asset value of Bitcoin spot ETFs has reached $149.663 billion, accounting for 6.76% of BTC's total market capitalization.
Financing/Acquisition
Longevity research company NewLimit secures $45 million in additional funding
NewLimit, a longevity research company co-founded by Coinbase's CEO, has secured $45 million in additional funding, according to a statement from co-founder Jacob Kimmel. Investors include Lilly Ventures, Duke University, S32, and Abstract, with participation from new and existing investors such as Kleiner Perkins, Dimension, Human Capital, and Boost VC. This round of funding stems from a technological breakthrough in their project to restore youthful liver function, with plans to initiate clinical studies in the coming years.
Coinbase acquires Cobie’s Up Only podcast NFT for $25 million, triggering a reboot obligation
According to The Block, Coinbase purchased the "Up Only" NFT from Cobie (Jordan Fish) for $25 million in USDC, triggering the NFT's terms: Cobie and Brian Krogsgard (aka Ledger) must produce eight new episodes. Brian Armstrong confirmed that "Up Only TV" will return. Cobie previously stated that the podcast would restart once the NFT was bought or burned, and set the price to a sky-high level to prevent it from being bought. The podcast was discontinued in December 2022 following the FTX crash.
Prediction market Limitless completes $10 million seed round of financing, led by 1confirmation
According to official news, prediction market Limitless has announced the completion of a $10 million seed round of funding, led by 1confirmation, with participation from Collider Ventures, DCG, Node Capital, Arrington Capital, Coinbase Ventures, F-Prime, Flyer One Ventures, and SID Venture Partners. Limitless is built on the Base chain and is the largest prediction market on the platform.
Institutional/Celebrity Holdings
According to Onchain Lens, three newly created wallets withdrew a total of 63,539 ETH from Bitgo and Kraken, which is approximately $253 million at current prices and is suspected to belong to Bitmine.
Ripple-backed Evernorth plans to raise over $1 billion in a US IPO to stockpile XRP tokens
According to Reuters, Evernorth, a crypto startup backed by Ripple, announced on Monday that it will go public on the Nasdaq through a merger with blank-check firm Armada Acquisition Corp II (AACI.O), raising over $1 billion. The transaction, expected to close in the first quarter of 2026, will create the largest publicly traded Ripple fund management company. Japan's SBI, previously associated with SoftBank, will invest $200 million in the financing in exchange for equity. Other participants in the transaction include Ripple co-founder Chris Larsen, Pantera Capital, and Kraken.
According to PR Newswire, Nasdaq-listed Ethereum treasury firm BitMine has updated its cryptocurrency holdings, revealing that as of October 19th, EST, the company held 3,236,014 ETH and 192 BTC. The company also held $119 million worth of Eightco Holdings shares and $219 million in unsecured cash. BitMine's holdings increased by 203,826 ETH compared to last week's figures.
Greenlane Holdings, Inc. (NASDAQ: GNLN) announced the pricing and signing of a private equity-in-public-market (PIPE) transaction led by Polychain Capital, with participation from Blockchain.com, Kraken, North Rock Digital, CitizenX, and dao5. The company intends to use the net proceeds from the transaction to implement its digital asset treasury strategy and acquire BERA, the native cryptocurrency of the Berachain blockchain. BERA will serve as the company's primary treasury asset.
According to Forbes, Trump's youngest son, Barron, is worth just over $150 million through his family's cryptocurrency business. In September 2024, DT Marks Defi LLC, which holds a stake in the Trump family's World Liberty, acquired a total of 22.5 billion crypto tokens called $WLFI. According to financial disclosure documents filed by Trump as president, as of the beginning of this year, he held a 70% stake in DT Marks Defi LLC, with his family holding the remaining 30%. His sons Eric, Don Jr., and Barron are listed as co-founders, each receiving 10% if the 30% stake were split equally. According to company and client disclosures, World Liberty had sold approximately $675 million worth of tokens by August 2025. Barron's after-tax profit was approximately $38 million. In March of this year, World Liberty announced the launch of another product: USD1, a stablecoin pegged to the US dollar. USD1 has a market capitalization of approximately $2.6 billion, suggesting a valuation of approximately $880 million for the company behind it. An entity affiliated with the Trump family appears to hold approximately 38% of the project, with Barron's share estimated to be worth approximately $34 million. Subsequently, in August, World Liberty reached an agreement with Alt5 Sigma, a publicly traded medical company that is attempting to transform into a cryptocurrency treasury. Alt5 also used previously raised funds to purchase $717 million worth of World Liberty Financial tokens, of which over $500 million went to Trump family companies, leaving Barron with approximately $41 million after taxes. Furthermore, Barron holds approximately 2.25 billion World Liberty tokens, representing 10% of the 22.5 billion tokens initially allocated to Trump family-affiliated companies. Combined, Barron's 10% stake is currently valued at approximately $45 million. Taking all of these assets into account, Barron's net worth is slightly over $150 million.
According to an announcement on the Hong Kong Stock Exchange, Delin Holdings announced a placement of 255 million shares on a first-up, then-new basis, representing approximately 15.15% of the company's existing issued share capital and approximately 13.16% of the enlarged issued share capital. This represents a discount of approximately 11.34% to the previous closing price of HK$3.44. Delin Holdings has reportedly entered into a subscription agreement with the subscriber, Evergreen Wealth Investment Limited, to allot and issue up to 63.803 million new shares. The net proceeds will total HK$956 million, which will be used to strengthen its Bitcoin mining and digital reserve business, as well as for development and investment.
