A whale deposited 4,000 BTC, worth $327 million, into Binance and Deribit.

Bitcoin's 90 day volatility drops to 38%, approaching Nvidia levels As of Thursday, Bitcoin has achieved a volatility of approximately 38% on the 90th day, close to Nvidia's volatility of around 37%. The volatility of Bitcoin remains higher than that of gold at 23.5%, the S&P 500 index at 11%, and the euro against the US dollar at 4.6%. The 90 day volatility of Bitcoin rose to 134% in June 2020, and its lowest point was around 27.5% in September 2025. (Source: CoinDesk)

On October 23, the Winklevoss brothers, founders of Gemini, and Barry Silbert, founder of DCG, began competing in the Zcash ecosystem. Cypherpunk Technologies and Fortitude Mining, backed by both companies, have become major ZEC miners and plan to invest tens of millions of dollars to expand their computing power. Currently, Cypherpunk accounts for 20% of the total network computing power, and Fortitude's share is also expected to reach approximately 20%. Regarding investment products, Grayscale, a subsidiary of DCG, launched a Zcash ETF in the US in August, and the Winklevoss brothers submitted their Zcash ETF application this month.

Bitcoin rose 0.5% to around $81,700 since midnight UTC while the CoinDesk 80 gained 1.4% and memecoins climbed 2.9%.

The US Treasury Department releases proposed COINS Act rules to tighten restrictions on investments in sensitive technologies On October 23rd, the US Treasury Department released proposed rules to implement the COINS Act, which plans to expand restrictions on foreign investment in AI, semiconductor, and biotechnology by some countries of concern. Some investments in the AI field that were originally eligible for declaration are planned to be prohibited from trading; High bandwidth memory, photonic chips, and radiation resistant chips in the semiconductor field are subject to restrictions; Biotechnology has been added as a key regulatory area. The proposed rule requires US investors to independently determine whether their trading partners involve restricted technology, and some public market securities, index funds, and small fund investments are proposed to retain exemptions. The rule is currently in the stage of soliciting opinions and has not yet officially come into effect.

Mike McGlone, senior commodities strategist at Bloomberg Intelligence, stated that since 2026, assets such as U.S. natural gas, Bitcoin, gold, silver, platinum, palladium, lead, nickel, and iron ore have all experienced a pattern of initial gains followed by declines. This trend may continue until the end of the year, and the U.S. stock market needs to maintain resilience to prevent the risk of a market downturn from spreading. (Source: Bloomberg)