[ETFs and Financial Companies Hold Over $200 Billion in Bitcoin] ETFs and financial companies collectively hold over $200 billion in Bitcoin, demonstrating institutional investors' continued interest in cryptocurrencies. (Cointelegraph)
[Coinbase: Bitcoin May Exceed Expectations in Q4 Due to Macro Tailwinds] Coinbase stated on October 16 that despite the leverage flash crash on October 11, it remains optimistic about the crypto market in the fourth quarter. Strong liquidity, macroeconomic tailwinds, and regulatory progress are expected to support Bitcoin's performance beyond expectations. Furthermore, if the Federal Reserve cuts interest rates twice this quarter, it may prompt some money market fund capital to flow into the crypto market.
Upbit宣布将ZORA(ZORA)添加到多个服务中，包括多项交易服务，于2023-10-17 21:30（UTC+8）正式上线。 注意事项： - ZORA-Base 네트워크로만 입출금 가능하며, 다른 네트워크 사용 시 자산 손실 가능 - 거래 지원 이후 약 5분간 매수 주문 제한 및 전일 종가 대비 -10% 이하 가격의 매도 주문 제한 - 거래 지원 이후 약 2시간 동안 지정가 주문 외 모든 주문 타입 제한
[QMMM Suspended Trading, Hong Kong Headquarters Vacant] Caixin reports that the Nasdaq-listed company QMMM Holdings (NASDAQ:QMMM) was ordered by the SEC to suspend trading starting September 29, 2025, due to allegations of stock price manipulation, and trading has not resumed since. On October 16, Caixin visited its Hong Kong headquarters and found the office vacant. Employees of nearby companies stated that QMMM moved out in September, with its whereabouts unknown. QMMM went public in 2024, and its two subsidiaries, primarily engaged in media and animation production, are both registered in Hong Kong.
[Laos Plans to Cease Power Supply to Cryptocurrency Mining Farms by Early 2026] Laos Deputy Minister of Energy, Chanthaboun Soukaloun, stated that Laos plans to completely stop supplying electricity to cryptocurrency mining farms by the first quarter of 2026, prioritizing the allocation of electricity resources to industries that contribute more significantly to economic growth, such as artificial intelligence data centers, metal refining, and electric vehicles. Currently, the electricity consumption of cryptocurrency mining farms has dropped by 70%, from a peak of 500 megawatts in 2021 and 2022 to approximately 150 megawatts. Soukaloun pointed out that the cryptocurrency mining industry creates limited job opportunities and contributes minimally to the economic supply chain. Although Laos initially planned to cease power supply by 2025, abundant rainfall has increased hydropower production, allowing the government to extend power supply and boost electricity exports to Thailand and Vietnam.
[Jack Dorsey Calls for Signal to Integrate Bitcoin Payment Functionality] Bitcoin advocate Jack Dorsey is pushing for the instant messaging app Signal to integrate Bitcoin payment functionality to enable peer-to-peer payments. According to a report by Cointelegraph, Dorsey stated on the X platform on April 9, 'Signal should use Bitcoin for P2P payments,' in response to a suggestion by Bitcoin developer Calle. Calle proposed that Bitcoin is highly suitable for Signal's secure communication platform. Currently, Signal uses the cryptocurrency Sentz (formerly MobileCoin), which is based on the Ethereum network, to provide payment services. Dorsey's initiative has garnered support from other tech leaders, including former PayPal president David Marcus, who believes all non-transactional apps should connect to Bitcoin. This call may drive Signal to reshape its crypto payment strategy.