Rui Dalio: The Federal Reserve's easing policy may aggravate the economic foam

[Block's Bitcoin Revenue Reaches $1.97 Billion in Q3, Accounting for Nearly One-Third of Total Revenue] Block Inc. achieved approximately $1.97 billion in Bitcoin revenue in the third quarter of 2025, accounting for nearly one-third of its total revenue of $6.11 billion. Despite an 18% year-over-year increase in gross profit, some financial metrics fell short of market expectations, causing the stock price to drop more than 9% in after-hours trading. As of the end of the quarter, Block held 8,780 Bitcoins, with a total value exceeding $1 billion.

[Over 75% of Tesla shareholders approve Musk's trillion-dollar compensation plan] Tesla shareholders have approved a compensation plan worth up to $1 trillion with over 75% of the votes. Under the plan, Musk will receive up to $878 billion in incentive compensation over 10 years. Musk will be granted up to $1 trillion in stock but is required to pay a portion to Tesla. Analysts believe this vote will benefit Tesla's stock performance, as its valuation relies on Musk's vision for advancements in autonomous driving, robot taxis, and humanoid robot development.

[Stablecoin USDe Market Cap Falls Below $9 Billion, Shrinks 45% in the Past Month] According to DefiLlama data, the market cap of the stablecoin USDe issued by Ethena Labs has dropped to $8.95 billion, down approximately 45% from its peak of $16 billion in early October. USDe experienced severe depegging during the cryptocurrency crash on October 11, falling to $0.65 on some decentralized trading platforms.

[Samourai Wallet Co-Founder Sentenced to Five Years for Unlicensed Money Transmission] The U.S. Federal Court in New York has sentenced Keonne Rodriguez, co-founder of the cryptocurrency mixing tool Samourai Wallet, to five years in prison on charges of conspiracy to operate an unlicensed money transmission business. Rodriguez had previously reached a plea agreement with prosecutors and agreed to jointly pay a total of $237 million in assets and a $400,000 fine with another co-founder. The case involved the use of mixing services to launder money for darknet transactions and fraudulent funds. This sentencing highlights the ongoing efforts by regulators to crack down on illegal activities in the cryptocurrency space.

[Four Consecutive Short Positions on BTC by Whale Yield $12.99 Million in Unrealized Profit] On-chain analysis shows that since March 2025, a whale who has consecutively shorted BTC four times increased their positions multiple times between October 24 and 28. They currently hold 1,231.98 BTC short positions, valued at $124 million, with an average entry price of $111,499.3. The current unrealized profit stands at $12.99 million.