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Just now, Brazil’s central bank gave crypto exchanges a final deadline: submit a license application by October 30, or stop providing services within 30 days 🇧🇷

Bybit officially submitted its application to Brazil’s central bank yesterday (10/20) to operate as a crypto service provider (SPSAV), under the “broker” category. It also injected around 30 million reais into its local Brazilian company. OKX has submitted an application too.

A few details that are easy to miss 👇

🔹 The rules take effect on February 2. Platforms already operating must apply by October 30, and only those that apply on time can continue operating while their applications are reviewed
🔹 Those that don’t apply must shut down their crypto businesses within 30 days of the deadline (around November 29)
🔹 Even more stringent: starting November 6, banks and payment institutions may no longer do business with unauthorized providers, cutting off deposit and withdrawal channels first
🔹 The bar is high: the minimum capital for brokers ranges from 16.8 million to 37.2 million reais. Coinext, NovaDAX, and others have already announced closures or exits

Also note that “submitting an application” does not mean “getting a license”—approval ultimately depends on the central bank’s review. In the first half of this year, Brazil’s crypto trading volume was around 283 billion reais, with USDT, USDC, and Bitcoin among the most traded assets. This shake-up will affect a large number of everyday users.

Put simply: if you or someone you know uses a local Brazilian platform, check in the next few days whether it has publicly confirmed that it submitted an application. If there’s no word, move your assets out sooner rather than later—don’t wait until the channels are shut down and then panic.

Do you think this “apply first, get reviewed later” model will force a large number of smaller exchanges to exit?

#GENIUS法案预计2027年1月18日生效 #BTC #BNB

Just now, a Wall Street Journal report put the blame for “Starlink speed limits” back on Musk himself: according to U.S. officials and people familiar with the matter, Musk ordered speed limits on the military version of Starlink that Ukraine relies on (Starshield) last week.

First, here’s what happened 👇

🔹 Since mid-October, Ukrainian Starshield terminals have lost connection whenever they move faster than about 160 km/h, making some attack drones and interceptor drones almost unusable
🔹 Musk previously said that Starshield is controlled by the U.S. government, and that setting speed limits was not up to him personally
🔹 Trump publicly denied issuing the order; U.S. Defense Secretary Hegseth also said the U.S. government had not restricted Ukraine’s use of Starlink
🔹 The report says that after the speed limits came to light, Musk and Trump spoke by phone, while the White House also launched an informal inquiry over the conflicting accounts

So far, the parties still contradict one another over who actually flipped the switch.

But whoever the investigation ultimately identifies, this incident has put one question on the table: at a critical moment, a global communications network could depend on a single decision made by just a handful of people. Canadian Prime Minister Carney has also cited the risk of past Starlink outages as he pushes for a domestic satellite communications system.

Put simply, this is exactly why the crypto community keeps talking about “decentralization”—with no single switch and no one able to unilaterally throttle your connection or cut off your internet, you have infrastructure that truly belongs to you. For the markets, geopolitical news like this usually affects short-term risk sentiment only; it doesn’t change BTC’s fundamentals, so don’t chase rallies or panic-sell over a single headline.

Do you think critical infrastructure should be in the hands of a private company?

#据报马斯克下令限速乌克兰星链 #BTC #ETH

Just now, MetaMask announced that users in the UK can apply for a MetaMask Card again, letting them spend the crypto in their wallet directly with Mastercard 🇬🇧

Unlike crypto cards issued by exchanges, this card keeps your funds in your own wallet. The funds are only deducted from your wallet when you pay, and converted into local fiat currency at the Mastercard exchange rate. There’s no need to transfer your crypto to a centralized platform first. A few details that are easy to miss 👇

🔹 MetaMask has switched card issuers in the UK, with Immersve now handling the service. All new cards are managed through the MetaMask mobile app.
🔹 Payments with the new UK card are made using USDC on Base. You’ll need to have USDC on Base ready before you can use the card.
🔹 UK users who got a card before September 28 should take note: their old cards will stop working from December 29, and they’ll need to follow the instructions to apply for a new one.
🔹 Metal cards are no longer being issued. Metal cardholders will be moved to virtual cards; the new card is virtual-only and has no annual fee.
🔹 Applicants must pass identity and UK residency checks, so it’s not available to everyone.

In short: the benefit of a self-custody card is that you don’t have to hand your assets over to a platform for safekeeping. But the payment network and currency are fixed, so check that you have enough funds on the right chain in your wallet before spending. UK users with an old card shouldn’t wait until the end of December to switch.

Would you use a self-custody wallet to pay directly with a card, or would you rather transfer the money back to your bank card first?

#日本国交相将研究稳定币退税 #ETH #BTC

Just now, Japan’s Minister of Land, Infrastructure, Transport and Tourism, Tatsunori Ibayashi, said at a meeting of the House of Representatives’ Committee on Land, Infrastructure, Transport and Tourism that Japan should study using stablecoins to refund consumption tax to foreign visitors 🇯🇵

His exact words were: “We will move forward with measures from the user’s perspective, including studying the use of stablecoins.” The timing is crucial, and there are several easily overlooked details 👇

🔹 Starting November 1, Japan’s tax-free shopping system will switch to a “refund system”: shoppers will first pay the tax-inclusive price in stores. The purchase will qualify for tax exemption only after customs confirms that the goods are being taken out of the country, after which the retailer will refund the consumption tax
🔹 Customs confirmation of export must be completed within 90 days of purchase, or there will be no refund. The previous ¥500,000 cap on consumables and special packaging requirements will also be scrapped
🔹 How to deliver the refund is the biggest challenge: refunds to the original credit card may fail if the card number changes or the account is closed; international wire transfer fees are high, and payments can take weeks to arrive
🔹 Private-sector plans are already in the works: in March this year, yen stablecoin JPYC partnered with tax-free shopping service “Japan Tax-free.” Tourists enter the address of a Web3 wallet they regularly use, and once customs confirms the goods have been exported, the refund goes straight into the wallet. It can also be converted to USDC on-chain

To be clear, this is still only at the “study” stage. Government documents still say that retailers will issue refunds after customs confirmation; stablecoin tax refunds have not been officially decided.

In short: if this goes ahead, it would be the first time stablecoins enter Japan’s national tax process—and it would serve tens of millions of visitors to Japan each year. If you’re planning to shop in Japan after November, remember to get customs confirmation when you leave, and don’t lose your receipts or passport details.

Would you be willing to receive a Japanese tax refund in a wallet?

#日本国交相将研究稳定币退税 #ETH #BNB

When you want to find out where Xianyu sellers source their products from???

$ETH

Just now, a new EU regulation has resurfaced overseas and sparked heated discussion: from July 10, 2027, cash purchases in the EU will be capped at €10,000 per transaction 🇪🇺

Many people’s first reaction is, “Then I’ll just switch to Bitcoin.” But the same regulation also tightens the rules on crypto. It’s called the Anti-Money Laundering Regulation (AMLR). It was passed in 2024, and there are less than nine months to go before it officially takes effect.

A few details that are easy to overlook 👇

🔹 Cash: Purchases of goods and services are capped at €10,000 in total, whether made in one payment or split across several. Member states can set a lower limit. Cash transactions of €3,000 or more will require identity verification.

🔹 Crypto platforms: Crypto service providers such as exchanges will be regulated as financial institutions. One-off transactions of €1,000 or more will require full due diligence. For transactions under €1,000, users will still need to register under their real names and verify their identities.

🔹 Anonymous accounts: Banks and crypto platforms may not maintain anonymous accounts or provide account services for coins with enhanced anonymity features (commonly known as privacy coins).

🔹 Self-hosted wallets: These are not banned. But transfers between platforms and self-hosted addresses will require a risk assessment and appropriate measures.

Put simply, the new rules target platforms, not individuals. You can still hold coins in your own wallet, and the rules don’t say individuals can’t hold privacy coins. But in the future, you may well be unable to buy them or deposit them on compliant platforms in the EU. If you’re in Europe, you should update your account’s identity information now—don’t wait until next summer and get locked out.

Do you think more regions will follow suit with rules like these?

#六家区块链机构吁SEC定义数字商品 #BTC #ETH

If you use MEXC in Russia or Belarus, first check your platform messages and the email address linked to your account. Some users will have their services discontinued and must close positions and withdraw assets by the deadlines stated in their individual notices. Accounts that haven’t received a notice are currently unaffected.

MEXC’s latest announcement says the changes are part of its global compliance arrangements. The platform has not announced a single deadline for everyone, nor said that all local users will be restricted at the same time. So don’t trust claims circulating on social media about a “one-size-fits-all withdrawal deadline.”

If you’re affected, the most important things to do now are check your open orders, which account holds your funds, and the deadline provided by MEXC. Verify information only through the official website, the announcement center in the app, or customer support. Treat any private message asking for payment, your account password or recovery phrase, or a transfer as high risk.

#MEXC调整俄白用户服务 #BTC #ETH

Just now, Thailand’s central bank has put the rules for “Thai baht stablecoins” on the table: issuing coins and operating wallets will require a license, and holders won’t earn a single cent in interest 🇹🇭

The Bank of Thailand (BOT) has released a draft for public consultation, with the comment period running from October 19 to 28. Here are a few details that are easy to overlook 👇

🔹 1 coin = 1 baht: Initially, reserves must be 100% bank deposits, spread across multiple banks rather than held with just one
🔹 Redemption period: Holders can redeem their coins for baht at a 1:1 rate within 1 business day
🔹 No interest allowed: Issuers cannot offer any interest, returns, or rewards based on how long or how much someone holds. The central bank sees these as “payment instruments, not investment products”
🔹 Limited number of issuers: Only a small number of qualified institutions will be selected for the first batch. They must be able to operate for 6 months with zero revenue. Wallet service providers, however, can apply in batches, with no limit on the number of providers
🔹 Only verified wallets: Issuers must be able to restrict coins to wallets with verified identities. If the coins are used for illegal purposes, they may be frozen, confiscated, or even destroyed

Issuers will also have to publish their reserve and circulation figures every day and undergo an external audit at least once a year.

In short: this is still a draft for public consultation, not a regulation that has taken effect. For ordinary people, Thai baht stablecoins will most likely be “regulated, redeemable, interest-free, and traceable” payment instruments. So don’t count on earning interest from holding them.

Do you think there will be more stablecoins pegged to Asian currencies?

#Injective拟以KRW1为独家韩元结算资产 #BNB #ETH

If the U.S. SEC adopts this proposal, free airdrops that ordinary users receive for trading, market making, validating, or governance may no longer be treated as securities transactions solely because they claim them. Processes such as connecting a wallet, signing, paying gas fees, and completing KYC may likewise not be considered an “investment of money.”

In a formal comment letter submitted to the SEC, the Hyperliquid Policy Center called for the March 2026 interpretation of free airdrops to be incorporated into the final rule, covering airdrops that have been announced, are periodic, or are repeated. This would apply on the condition that the network is already operational, eligibility is based on genuine use or contributions, and the airdrop is not a fundraising tool.

It also recommended that the rule apply retroactively to historical airdrops and clearly define the boundaries for on-chain secondary-market trading. Note that this is currently only an industry proposal, not a new rule that has taken effect; the final text still requires SEC review and a vote.

#Hyperliquid呼吁SEC明确空投规则 #HYPE #BTC

Just now, another group of crypto exchanges has set its sights on the same business: prediction markets in the US 📊

According to the Financial Times, exchanges including Blockchain.com and Binance.US are moving quickly to enter the US prediction market space. The reason is straightforward: crypto prices have been sluggish for a long time, spot trading revenue isn’t enough to sustain them, and they need new growth opportunities.

First, take a look at these strikingly contrasting figures 👇

🔹 Robinhood’s revenue from event contracts grew more than tenfold in the second quarter, reaching $156 million, while users traded a record 13.6 billion contracts. Meanwhile, crypto trading revenue fell 38% to just $100 million.
🔹 Coinbase launched prediction markets through a partnership with Kalshi. By March this year, just two months after launch, its annualized revenue had already reached $100 million.
🔹 According to Dune data, prediction markets had a notional trading volume of about $23.7 billion in March this year, up more than tenfold year over year.

Now, let’s see who’s lining up for licenses:
🔹 Blockchain.com has applied to the US Commodity Futures Trading Commission (CFTC) for two licenses: designated contract market and futures commission merchant. Some users outside the US can already access its prediction markets and perpetual contracts.
🔹 Binance.US previously said it planned to apply for a designated contract market license and offer regulated event contracts itself. (Note: Binance.US is a US company independent of Binance’s global platform.)
🔹 Kalshi, Polymarket US, and Gemini have already obtained licenses, so competition is no small matter.

Put simply: exchanges’ money is shifting from “trading crypto” to “betting on events”—sports, elections, and economic data are all fair game. For everyday users, there will be more and more ways to access these markets. But prediction markets are essentially zero-sum bets, so make sure you understand the rules, how settlements work, and whether they’re legal where you live. Don’t mistake them for a surefire investment.

Would you trade on prediction markets through an exchange, or would you rather just hold crypto and play it safe?

#六家区块链机构吁SEC定义数字商品 #BTC #BNB

Just now, two “financial” trademarks linked to global mega-influencer MrBeast have cleared review, and the trademark list explicitly includes: cryptocurrency exchange 🪙

Records from the U.S. Patent and Trademark Office show that the two trademarks filed by Beast Holdings, MRBEAST FINANCIAL and BEAST FINANCIAL, both received Notices of Allowance on October 6. Here are a few details that are easy to overlook 👇

🔹 Broad coverage: cryptocurrency trading, DEX (decentralized exchange) swaps, crypto payments, as well as mobile banking, debit and credit cards, consumer loans, wealth management, and insurance software
🔹 Timeline: Applications filed on October 13, 2025; published on August 11, 2026; approved on October 6
🔹 Not officially registered yet: These are “intent-to-use” applications, so proof of actual use must be submitted by April 6, 2027, or an extension must be requested
🔹 Background: In January this year, BitMine invested $200 million in Beast Industries. At the time, the two parties mentioned exploring DeFi services for MrBeast’s fans

Simply put: trademark approval ≠ product launch. So far, there has been no official confirmation of plans to launch any exchange, let alone issue a token.

A reminder: when a major influencer gets involved with “crypto,” impersonator tokens, fake airdrops, and fake apps often spread faster than the official news. Stay away from any “MrBeast coin” that hasn’t been announced through official channels.

If one day he really brings his huge fanbase into crypto, do you think that would be a good thing or a bad thing?

#六家区块链机构吁SEC定义数字商品 #BTC #DOGE

If you buy and sell tokens on an exchange, the first thing you need to know is this: whether a coin qualifies as a security has not yet been settled in the United States. The formal comment period for the SEC’s “Crypto Asset Regulatory Rules” closed on October 20, but a spokesperson confirmed that public comments will continue to be accepted after the deadline. The official deadline has not changed, but late comments are also being accepted. Until the rules are put to a vote and approved, it remains uncertain whether platforms will be able to let you trade as usual in the future.

Under the current proposal, crypto projects have two exemptions from registration: raising no more than $5 million over four years, or no more than $75 million in any 12-month period. For the higher funding tier, issuers must submit financial statements and make ongoing disclosures. There is also a conditional safe harbor under which, if certain conditions are met, the token itself may no longer be considered a security under the investment contract test. Anti-fraud and anti-manipulation obligations would continue to apply. These are all still proposals, not laws that have taken effect.

In a post dated October 20, reporter Eleanor Terrett quoted an SEC spokesperson as saying that the Commission encourages people to submit comments before the deadline whenever possible, but will continue to accept public comments on the proposed rules after the comment period ends. Individuals can submit comments on the SEC website using file number S7-2026-27. The final text will take effect only after a Commission vote.

#SEC截止日后仍收加密规则意见 #BTC #ETH

Even people who don’t own this Korean stock may feel the impact. On its second day of trading, Korean AI infrastructure company Elice rebounded from a steep drop to hit the daily price limit. Bloomberg and Reuters treated its first-day fall below the IPO price as a gauge of sentiment around whether AI investments can pay off, and U.S. data center stocks fluctuated in tandem that day. When risk appetite swings like this, the effects can spill over to Bitcoin and Ethereum in the short term.

On October 20, Elice listed on KOSDAQ. Its IPO price was 90,500 won, but it closed at 61,500 won on its first day—about 30% below the offer price. The company raised around $150 million and plans to use most of it to build modular data centers. Foreign media also noted that revenue in the first half of the year had roughly tripled year over year, but that growth did not prevent first-day selling.

On October 21, the stock rebounded about 30% to 79,900 won, hitting the daily price limit. Even after this rebound, it was still more than 10% below its IPO price. A drop one day and a rise the next show that the market has yet to reach a consensus on the same question: When will the money spent on AI turn into revenue?

Ordinary investors don’t need to change their positions just because a Korean stock hit its daily price limit. What’s worth watching is the yardstick investors use to value companies: stories that talk only about spending but can’t explain how it will generate revenue are likely to see greater volatility. Bitcoin and Ethereum are more likely to move with overall risk appetite than with any one company’s daily price limit.

#Elice股价反弹至涨停 #BTC #ETH

Just now, on-chain data showed an unexpected twist: Robinhood Chain, which only launched its mainnet in July, has already overtaken Hyperliquid in DeFi TVL📈

Here’s a closer look at the October 21 data from DefiLlama👇

🔹 TVL: Robinhood Chain has around $1.141 billion, compared with about $1.023 billion for Hyperliquid L1. Robinhood Chain has already moved ahead in the rankings across all chains.
🔹 Trend: Over the past 30 days, TVL on Robinhood Chain rose 13.6%, while Hyperliquid L1 fell 28.2%. That divergence was key to the change in rankings.
🔹 Trading: Robinhood Chain saw about $920 million in DEX trading volume over 24 hours—a substantial amount.
🔹 Stablecoins: There are about $1.06 billion in stablecoins on the chain, with USDG accounting for 65.3%, in line with the recent trend of chains competing to promote USDG.

But don’t focus on just one metric: Hyperliquid’s main battleground is perpetual futures. Its on-chain app revenue over 24 hours was about $2.16 million, more than five times Robinhood Chain’s roughly $400,000. Assets in cross-chain bridges totaled about $8.78 billion, far more than Robinhood Chain’s $2.64 billion.

Put simply: overtaking Hyperliquid in TVL shows that a new chain backed by a brokerage is bringing retail users and stablecoins on-chain. But the race to build the more profitable ecosystem is still wide open. If you’re looking to farm yield on a new chain, first check whether the capital reflects genuine demand or is being drawn in by incentives. When the incentives stop, TVL can disappear just as quickly.

Do you think brokerage-backed chains will be the next big entry point into DeFi?

#Arbitrum提案寻求1亿枚ARB推动USDG采用 #ETH #BTC

If you buy or sell XRP or other tokens on an exchange, what you usually care about most is not how the issuer raised funds back then, but whether the coin in your account counts as a security. That determines whether platforms will still dare to list it, whether deposits and withdrawals will be tightened, and whether a transfer between two ordinary people could be treated as a securities transaction.

On October 20, Ripple submitted comments to the U.S. Securities and Exchange Commission in support of the proposed rule “Regulation Crypto Assets” (File No. S7-2026-27), stating that the Commission has the authority to finalize the rule. Chief Legal Officer Stuart Alderoty made the letter public on X the same day. This is still a request for comment, not a final rule that has taken effect.

The letter makes three points that matter most to holders. First, an investment contract involving a crypto asset does not turn the asset itself into a security. The security is the investment contract, not the token. Second, an issuer’s promises can end; regulation follows the obligations, rather than remaining permanently attached to the coin. Third, whether a contract exists or has ended depends on statements or promises made by the issuer itself, not on subjective market perceptions of decentralization.

In his post, Alderoty said Ripple has spent more than $150 million trying to get clear rules. Ordinary companies and holders should not have to go through one lawsuit after another just to find out which laws apply to the coins they hold.

If the final text incorporates this approach into the body of the rules, secondary-market trading will look more like buying and selling an asset, rather than something that could at any moment be reclassified as trading securities. Until the final text is released, exchanges may still take a cautious approach to listings and deposits and withdrawals.

#Ripple致函SEC支持加密资产规则 #XRP #BTC

If you buy or sell Bitcoin or Ethereum on an exchange, whether the U.S. formally writes “digital commodities” into its rules this time could affect whether platforms still feel safe letting you trade them. In its March 17 interpretation this year, the SEC classified Bitcoin, Ethereum, Solana, XRP and others as digital commodities, concluding that they are not securities in themselves. This classification currently appears in the preamble to the rules, not in the body. The preamble can be changed. As long as the classification is not in the body, platforms may still restrict listings, deposits and withdrawals—or subject secondary-market trading to securities rules again—out of concern they could be deemed to be “selling securities.”

Today, six blockchain organizations jointly sent a letter to the SEC, asking it to include digital commodities in the body of its proposed rule, the “Crypto Asset Regulatory Framework.” The signatories are the Stellar Development Foundation, Hedera Hashgraph, Aptos Labs, Ava Labs, Cardano Foundation and Chainlink Labs. Taylor Barr, Chainlink’s head of policy, posted the letter on X.

Two points are most relevant to holders. First, the body of the rules should state that digital commodities are not securities—and that even if a token was once sold alongside an investment contract, that does not make the token itself a security. Second, when someone other than the issuer resells these tokens on the secondary market, that should generally not constitute an investment contract, unless the issuer still has promises in place to generate profits through its efforts. They also want assets already named in the interpretation to receive a blanket exemption, so they do not have to be reported individually.

Two other points are intended to provide reassurance: relying on the investment contract safe harbor does not mean acknowledging that the token was once a security; and the new rules should preserve the March classification and leave the division of responsibilities between the SEC and CFTC unchanged.

This does not mean a new law has taken effect. The SEC has not yet adopted the letter’s recommendations, so buying, selling, depositing and withdrawing today will not change immediately. The goal is to turn a classification that has already been made public into formal provisions that are harder to reverse.

#六家区块链机构吁SEC定义数字商品 #BTC #ETH

Just now, a draft of Anthropic’s IPO prospectus was leaked: revenue of $16.3 billion in the first half of the year, but a net loss as high as $80.7 billion 📊

First, the most important point for ordinary people like us: about $72 billion of that $80.7 billion is accounting expenses, stemming from valuation changes in financial instruments such as convertible notes issued in early funding rounds. These are non-cash items—not money the company actually burned through. Panicking based on the headline alone can easily lead to the wrong conclusion.

Let’s break down a few numbers 👇
🔹 Revenue: $16.3 billion in the first half, compared with just $1.1 billion in the same period last year—nearly 15 times higher; about 20% of revenue came from two major customers
🔹 Compute: Spending on compute and infrastructure was close to $9 billion in the first half, versus about $2.3 billion in the same period last year
🔹 Commitments: About $450 billion in non-cancelable cloud contracts over the next 7 to 10 years; total compute investment over the next few years could reach as much as $750 billion
🔹 Comparison: A net loss of $42 billion for all of 2025; the company reportedly told investors that third-quarter revenue rose 45% quarter over quarter to $16.8 billion, and that it was profitable on an adjusted basis

Why should crypto investors care, too? AI is the highest-valued narrative among this cycle’s risk assets, and the IPO pricing of this company will directly affect the market’s appetite for “high-growth, high-investment” assets. Behind the massive paper loss, revenue is surging. If the market buys the story, sentiment toward capital may stay warm; if investors start questioning whether the spending on compute can pay off, highly volatile assets are often the first to feel the pressure.

My take: Don’t be spooked by the $80.7 billion figure. The two things to really watch are whether revenue growth can continue to outpace compute spending, and what valuation the market assigns once the IPO is officially priced. For reference only; not investment advice.

#Anthropic招股书草案显示上半年亏损807亿美元 #BTC #ETH

Just now, Utah sued prediction market Kalshi: the state attorney general came right out and called event contracts on things like sports and elections “illegal gambling” ⚖️

On October 20, Utah Attorney General Derek Brown filed a civil lawsuit in the state’s Third District Court. The defendants include Kalshi and its affiliates, as well as two Susquehanna entities that make markets for the platform.

A few details that are easy to overlook 👇
🔹 The state says Kalshi has served more than 32,000 verified users in Utah since 2024. Utah is one of only two states in the country that broadly prohibit gambling.
🔹 The demands are specific: the court should stop betting on local events involving sports, elections, politics, culture, and more, and require enforcement using court-approved geolocation services.
🔹 The money at stake: the state estimates the relevant betting volume at around $30.59 million to $61.18 million. It is seeking disgorgement of profits and damages of up to around $60 million; estimated losses by local users total around $5.5 million.
🔹 This isn’t their first clash: in August, a judge ruled that the CFTC’s federal rules could not override state gambling laws, and in September, an appeals court also rejected Kalshi’s bid for an injunction. At least nine states across the country have now taken action against prediction markets.

Put simply, prediction markets in the U.S. are still caught in a tug-of-war: “the feds say yes, the states say no.” Before using products like these, check the rules where you live—don’t mistake them for a “compliant investment” that guarantees a profit.

Do you think prediction markets count as trading or gambling?

#瑞士批准首只比特币ETF #BTC #ETH

Just now, Coinbase officially suspended trading of BLAST: If you still have assets on the Blast chain, you have only 5 days left ⏳

This Ethereum L2 announced on October 2 that it would shut down. The reason was simple: operating costs had exceeded on-chain revenue, and there was no clear path to becoming self-sustaining. Here are the timelines from different platforms and a few easy-to-miss details 👇

🔹 Coinbase: BLAST trading will be suspended from 2 p.m. ET on October 20 (2 a.m. Beijing time today). Any BLAST not withdrawn from Coinbase by October 26 will be unrecoverable after the chain shuts down.

🔹 Upbit: BLAST trading pairs against KRW, BTC, and USDT will be delisted at noon on October 26 (Korea time). Withdrawals via the Blast network were halted on October 19; withdrawals will then switch to the Ethereum network and remain available for 30 days.

🔹 Blast official: Until October 26, you can use the regular interface to withdraw assets to the Ethereum mainnet. Withdrawals take about one day. After that date, you can still retrieve your assets, but you’ll have to interact with the cross-chain bridge contract on Ethereum yourself—a much more complicated process.

🔹 Platforms including Bybit, Bitvavo, and BTSE have also announced that they are delisting or suspending BLAST.

For perspective: Before its mainnet launch, the chain once had over $2 billion locked in it. By the time it shuts down, that figure was down to around $32 million, and the token had fallen about 99% from its peak.

Put simply: If you still have ETH, stablecoins, or unclaimed funds in old contracts on Blast, don’t leave it until the last day—the withdrawal itself takes a day to process. The team has also warned users to watch out for accounts impersonating Blast. Only use the withdrawal link on the official website.

Do you still have assets sitting on a “dead chain” in your wallet? Share your thoughts in the comments 👇

#Arbitrum提案寻求1亿枚ARB推动USDG采用 #ETH #BTC

Just now, SpaceX released another quarterly report since going public: revenue jumped 161% year over year, and it’s sitting on 18,712 bitcoins 🚀

After the market closed on October 20, U.S. Eastern Time, SpaceX announced its third-quarter results for the period ended September 30. Here are a few key figures 👇

🔹 Revenue was $14.58 billion, up 161% year over year, versus market expectations of around $12.7 billion
🔹 Net profit was $4.4 billion, compared with a loss of $1.1 billion in the same period last year; the stock rose about 2.5% after hours
🔹 The biggest change was in AI: revenue was around $7.6 billion, up more than ninefold. AI has overtaken Starlink as the company’s largest business, with most of that revenue coming from renting computing capacity to other AI companies
🔹 Starlink reached 13.6 million users, but monthly revenue per user has fallen from $99 in 2023 to $69
🔹 The cost was substantial too: capital expenditures totaled $19.6 billion this quarter, with $16.4 billion going toward AI

One point relevant to the crypto world: according to its second-quarter report, SpaceX held 18,712 bitcoins as of June 30, at a cost of about $661 million. TechCrunch reported that this quarter’s results also included around $1 billion in gains related to Bitcoin’s price recovery.

Put simply, this report shows that the Bitcoin held by major companies can have a real impact on their income statements. But AI and Starlink still accounted for most of the quarter’s results, so don’t rush into tokenized stocks just because of a strong earnings report—make sure you understand what you’re buying.

Do you think Musk will keep holding these bitcoins? Let’s talk in the comments 👇

#股票财报季 #BTC #ETH