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Elon Musk stated that Starlink remains crucial for Ukraine's defense, as it is currently the only communication system that cannot be interfered with or destroyed.If Starlink were to be shut down, the front lines in Ukraine would collapse immediately. This is not a threat, just a statement of fact.

Strategy, Strive, and other Bitcoin treasury companies support the purchase of 135,979 Bitcoins through preferred stock financing, accounting for over 0.5% of the maximum Bitcoin supply; the related preferred stock market size is approximately $12 billion. Perpetual preferred stock has no fixed maturity date, which can alleviate refinancing pressure and attract income-oriented investors who are unwilling to hold Bitcoin directly; however, an increase in issuance size will also raise dividend expenses.Continuous financing for Bitcoin purchases relies on preferred stock trading at or near par value. If the price falls below par, the attractiveness of new issuances may decline, and the company may also turn to buybacks. CoinShares Research Director James Butterfill stated that Strategy's latest weekly report shows the company spent $193 million to repurchase STRC, while simultaneously buying 267 Bitcoins and increasing the preferred stock buyback authorization limit to $3 billion. Buybacks can reduce future dividend costs but may also compete for funds with Bitcoin purchases.Bitwise Research Director Ryan Rasmussen expects that ETFs will remain a larger source of Bitcoin demand in the long term, while perpetual preferred stock covers different groups of income-oriented investors, providing another source of demand support for the market. Butterfill believes that preferred stock may amplify market cycles: when financing conditions are favorable, it supports Bitcoin purchases, but when market sentiment weakens, this support may diminish.

According to Arkham monitoring, a certain whale has liquidated approximately 2.597 million USD worth of ENA, MNT, ETH, and LDO that were purchased about 4 months ago, realizing a profit of approximately 340,000 USD compared to a purchase cost of about 2.257 million USD, including:ENA was bought for about 433,800 USD and sold for about 946,900 USD, realizing a profit of about 513,100 USD;MNT was bought for about 166,700 USD and sold for about 138,000 USD, incurring a loss of about 28,700 USD;ETH was bought for about 1.47 million USD and sold for about 1.29 million USD, incurring a loss of about 180,000 USD;LDO was bought for about 186,700 USD and sold for about 222,100 USD, realizing a profit of about 35,400 USD.

According to CoinGlass data, the Coinbase Bitcoin premium index has recorded negative values for 31 consecutive days, with the latest at -0.1353%, indicating that purchasing power in the U.S. market has once again fallen into a slump.Previously, on August 24, the Coinbase Bitcoin premium index reappeared with a positive signal for the first time since May 19, reporting at 0.0052%, momentarily ending the longest historical negative premium period of 97 days. The Coinbase Bitcoin premium index is used to measure the price difference of Bitcoin between Coinbase Pro and Binance. A sustained negative index typically means that Coinbase's pricing is relatively low, which may reflect weak buying interest or significant selling pressure in the U.S. market, but it is not advisable to directly conclude that institutional funds are flowing out based solely on this indicator.

According to Bloomberg, the United States is increasing deployments in preparation for a possible resumption of military strikes against Iran. Trump has repeatedly hinted that U.S. forces may resume strikes against Iran after the November 3 midterm elections and has sent a third aircraft carrier strike group and an additional 10,000 sailors and Marines toward the Persian Gulf to provide commanders with more options, although the exact timing remains uncertain.U.S. Secretary of Defense Mark Esper visited Israel this week without prior announcement and met with Netanyahu. Israel will hold elections on October 27. Meanwhile, after Iran-backed Houthi forces expanded the conflict to Saudi Arabia, attacking airports and energy facilities, the U.S. State Department has ordered the evacuation of some diplomatic personnel and their families stationed in Saudi Arabia.A source familiar with Iran's thinking stated that Iran is preparing for a new round of bombings that may occur before and after the U.S. midterm elections and is planning retaliatory actions in the Middle East, including against Israel and the United Arab Emirates. This individual believes that the period from the end of the U.S. elections until the new Congress is sworn in in January will be the most difficult phase, with a way out being to reach an agreement that allows both sides to claim victory. Some officials from Gulf countries are concerned that the intensity of the conflict after its resumption may exceed that before the pause.Recent diplomatic attempts to end the conflict have failed to yield results. Iranian Foreign Minister Mohammad Javad Zarif stated this week that if there is sufficient evidence showing that the U.S. genuinely wishes to reach a fair, dignified, and permanent resolution to end the conflict, Iran is willing to give diplomacy another chance, but he also noted that there is currently not much reason to expect progress.The conflict has disrupted energy transportation in the Persian Gulf, pushing Brent crude oil prices up more than 80% this year and raising U.S. gasoline prices and living costs. A Pew Research Center survey conducted from September 28 to October 4 shows that about two-thirds of Americans disapprove of Trump's handling of the Iran conflict, and about half of respondents expect the war to last more than a year. Reports indicate that concerns over military escalation are once again driving up oil prices and affecting the Republican Party's prospects in the midterm elections.

Bitcoin News posted on the X platform that after Bitcoin closed below the 50-day moving average, the price hovered around $80,600, marking the first time since August that it fell below this average, ending a streak of 66 days above it. Currently, the price is still about 10% higher than the 200-day moving average.The U.S. spot Bitcoin ETF saw a net outflow of $137.9 million on Friday, marking two consecutive trading days of net outflows. Previously, on Thursday, there was a net outflow of $635.6 million, the largest single-day outflow since June. The total net outflow over the two trading days is approximately $773.5 million.

The innovation exemption for tokenized securities trading venues launched by the U.S. SEC in September is sparking controversy within the industry regarding blockchain qualification standards. This exemption allows eligible companies to trade tokenized U.S. stocks without registering as traditional securities exchanges, but requires their smart contracts to be auditable, public, and deployed on a public, permissionless blockchain.Currently, three companies have submitted operational intent notices to the SEC. TSV LLC plans to use the privacy-focused Canton Network; OKXICE and Kephas Corp. intend to utilize their respective enterprise group's developed Ethereum Layer 2 networks.In a letter submitted on Thursday, the Solana Policy Institute requested the SEC to tighten the definition of "permissionless," focusing on who actually controls the blockchain, including who can validate or block transactions and modify network rules. Hedera advocates for an expansion of the exemption's scope, arguing that only authorized entities should participate in validation, which should not disqualify their network.The Securities Industry and Financial Markets Association (SIFMA) also called for clarification on which blockchains are eligible and questioned whether stock tokenization should require explicit prior consent from the issuing company, rather than requiring companies to opt out. The financial regulatory advocacy group Better Markets urged the SEC to withdraw the exemption and instead engage in formal rulemaking.An SEC official stated that companies can begin operations 30 days after submitting a notice, provided they meet the exemption criteria, without waiting for SEC approval, which does not imply SEC endorsement of their chosen blockchain. The official noted that the regulatory agency intends to maintain a broad definition to allow space for companies to experiment; further frequently asked questions may be released, but substantive adjustments would require action from the commission.Meanwhile, more companies are opposing the tokenization of their stocks. As of Friday, among the 62 companies initially listed by OKXICE, 22 have raised objections, exceeding one-third. New objectors include Wells Fargo, Arm, and Intuit.

The National Information Security Vulnerability Sharing Platform (CNVD) released a security announcement titled "Analysis and Repair Suggestions for PHP Remote Code Execution Vulnerability," in which it supports affected users to closely monitor official information, download and update to the latest version through official channels. Users who are temporarily unable to update can take measures to reduce certain attack vectors, mitigate vulnerability threats, and continuously monitor for abnormal PHP process exits, abnormal system command calls, unfamiliar process creations, and abnormal file writes, while retaining logs for traceability analysis.In its protection recommendations, CNVD stated that information system operating units should further strengthen security protection, comprehensively sort out their network assets, and reduce the public exposure of information systems according to the principle of not connecting to the internet unless necessary. Operating units that are currently unable to repair should take temporary response measures such as network isolation, network access restrictions, and taking unnecessary business systems offline.

Coinglass data shows that in the past 7 days, the net inflow to CEX platforms was 46,928.46 BTC, with Binance platform inflowing 37,394.58 BTC, Coinbase Pro platform inflowing 1,447.9 BTC, and Kraken platform inflowing 3,019.97 BTC.

According to the market information platform Liquid247.xyz, the current price of BTC is $80,646. The thickest order book is on Coinbase spot: sell orders amount to $33,169,300, and buy orders amount to $18,516,800, with sell orders exceeding buy orders by $14,652,500.Binance spot, OKX perpetual, and Hyperliquid perpetual sell orders are also thicker than buy orders, but the scale is not as large as Coinbase spot. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

The S&P Dow Jones Indices has adjusted the rules for classifying stocks into growth and value categories, incorporating intangible assets, expected earnings, and free cash flow as evaluation factors. The new rules will take effect before the market opens on December 21, potentially forcing funds that track the relevant indices to adjust their holdings. At least $375 billion in passive fund assets are linked to the affected indices.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 8.269 billion USD, with long positions at 3.852 billion USD, accounting for 46.58%, and short positions at 4.417 billion USD, accounting for 53.42%. The profit and loss for long positions is 116 million USD, while the profit and loss for short positions is -66.8973 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2322.74 USD, currently showing an unrealized profit and loss of -6.139 million USD.

According to the market information platform Liquid247.xyz, the current price of ETH is $2,379.10. The current thickest order book is on Coinbase spot: buy orders at $13,725,900, sell orders at $10,238,800, with buy orders exceeding sell orders by $3,487,100.The Binance spot buy orders are also thicker than sell orders, but the scale is smaller than that of Coinbase spot. If a large buy or sell order suddenly appears, the exchanges with thinner order books will be affected first, and the price fluctuations will be more pronounced.

U.S. Senator Richard Blumenthal has launched an investigation into the payment of approximately $6.3 million by the stablecoin issuer Tether to the consulting firm Nxum. Nxum was co-founded by former White House cryptocurrency advisor Bo Hines, who holds one-third of the company's shares. On October 22, Blumenthal sent a letter to Tether CEO Paolo Ardoino, requesting the contracts between the two parties, cryptocurrency payment records, wallet addresses, and communication content.Tether is accused of paying Nxum $415,000 per month since May 2025 for strategic communications, lobbying, and public relations services. Blumenthal pointed out that Bo Hines, while serving as the executive director of the White House Digital Assets Advisory Committee, still held shares in Nxum and coordinated affairs with the company through encrypted communication applications. He also questioned whether Tether transferred cryptocurrency through the marketing company Notorious and then allocated funds to Nxum shareholders. Tether began directly contracting with Nxum after August 2025 and hired Bo Hines to oversee the newly established U.S. operations. Blumenthal has requested that Tether, Nxum, and related parties respond by November 6, noting that the relevant allegations have not yet formed a legal determination, and Tether has not publicly responded.

According to a report by Reuters, as of Friday, 22 companies have submitted objections against listing their U.S. stocks in tokenized form on the tokenized stock platform OKXICE, jointly launched by OKX and the Intercontinental Exchange, the parent company of the New York Stock Exchange. The latest batch of companies opposing includes Wells Fargo, Arm Holdings, and Intuit, following Microsoft and Alphabet, the parent company of Google, who joined the opposition the previous week. Among the 22 companies mentioned, 16 are listed on Nasdaq, while only 6 are listed on the New York Stock Exchange.Nasdaq issued guidance in September regarding the U.S. Securities and Exchange Commission's innovation exemption mechanism, reminding issuers that "they must be cautious about their own participation," and stated that the consequences for liquidity, price discovery, and long-term shareholder value may not become apparent until the experiment has progressed for some time. Andrew Cuomo, co-chairman of OKXICE and former governor of New York, indicated that more objections are expected for the joint venture platform, as companies wish to avoid being among the first to test this stock model.Earlier this month, the joint venture platform submitted documents to the U.S. Securities and Exchange Commission, planning to provide tokenized stock listings for 62 companies. Cointelegraph sought comments on Intuit's decision to withdraw from the plan but did not receive an immediate response; spokespeople for Wells Fargo and Arm Holdings declined to comment.

According to a report by Forbes on Friday, the Internal Revenue Service (IRS) is preparing to reform its voluntary disclosure program, planning to reduce penalties and expedite the processing of tax violation cases, including those involving cryptocurrency.Jarod Koopman, head of the IRS Criminal Investigation Division, stated that the agency aims to launch the revised program before December and to close cases within 120 days after taxpayers complete the required submission process. He noted that the new plan will not establish a separate disclosure channel for digital assets but will apply the same voluntary disclosure procedures to other forms of tax noncompliance. Koopman also mentioned that the penalties under the revised program will be significantly lower than current levels, although he did not provide specific amounts. The IRS is considering allowing taxpayers to settle debts through installment payments or settlement offers.According to Forbes, the current program often takes a year or longer to complete and primarily targets taxpayers who intentionally fail to comply with tax laws and may face criminal prosecution, rather than those who make reporting errors due to negligence. Meanwhile, legislative efforts are advancing another voluntary disclosure program aimed at cryptocurrency taxpayers. Section 502 of the Digital Asset Taxation Certainty Act will establish a correction process with clear penalty standards for past violations, and the bill was passed by the House Ways and Means Committee in September.

According to Onchain Lens monitoring, Cumberland (0x83B...Fc2e4) transferred 10.31 million USD1 to BitGo, worth approximately 10.3 million USD, possibly for over-the-counter trading.

The UK government stated that Prime Minister Burnham emphasized during his conversation with President Trump that the comprehensive use of Starlink in Ukraine is crucial.

The decentralized perpetual contract protocol Lighter announced the inclusion of weETH as collateral for perpetual contract trading on the platform. The platform calculates the trading margin based on 70% of the weETH index value, which sets a 30% discount on the collateral asset.At the same time, Lighter has set the maximum supply limit of weETH collateral across the platform to 1000 units. After the adjustment, users can use weETH as margin to open perpetual contract positions on Lighter.

According to Israeli media i24, Israeli Prime Minister Benjamin Netanyahu is seeking to develop a blockchain-based plan to address potential financial sanctions that Israel may face in the future. Currently, the specific details and implementation plan of the relevant proposal have not been disclosed.