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Patrick Witt, the Executive Director of the White House Presidential Digital Asset Advisory Committee, announced his departure from government service to return to the private sector. He made this decision public last week, and the White House has not yet announced a new head of cryptocurrency policy, with a successor still undetermined.Previously, Harry Jung and Bo Hines had also left the committee. White House officials stated that cryptocurrency policy and the Digital Asset Market Clear Act will remain a focus of the Trump administration, but the personnel vacancies have raised concerns about the momentum of policy advancement.As the midterm elections approach next month, the administration is still advancing rule-making in the digital asset space. After the new Congress is sworn in in 2027, cryptocurrency legislation will require coordination from a White House liaison, with tax legislation expected to proceed ahead of market structure reforms; if the Democrats flip the House of Representatives, the congressional landscape may also bring new variables. Meanwhile, the rule-making efforts of agencies such as the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Office of the Comptroller of the Currency, and the Department of the Treasury will continue.

Latvia may allow residents to pay personal taxes with cryptocurrency by 2027, aiming to attract crypto businesses and investors. Prime Minister's strategic planning and new economy advisor Didzis Dejus told CoinDesk at the UN:BLOCK Fintech conference in Riga that he believes this arrangement will be realized next year. The country's Ministry of Finance has agreed to the plan, which still needs to complete technical integration with payment service providers.The plan builds on a proposal announced in May 2025, when Latvia proposed accepting cryptocurrency for tax payments and promoting the tokenization of assets such as real estate. Dejus stated that Latvia is not afraid to be the fastest-moving country and hopes to attract more crypto businesses beyond licensing. He did not disclose specific payment service providers or specify which cryptocurrencies could be used for tax payments.Meanwhile, the Latvian parliament passed legislation on October 15, changing the taxation of withdrawals from crypto investment accounts to apply to amounts exceeding the deposited amount, rather than taxing each transaction. The law introduces a one-time reporting mechanism, allowing holders to settle past tax obligations by declaring 10% of the asset's market value by the end of 2026, with the reporting period from April 1 to May 31, 2027, and taxes due by July 23. Dejus stated that this measure will help those who purchased cryptocurrencies years ago but lack cost records. The timing of the tax payment plan may depend on the next government, as the United List led by Prime Minister Andris Kulbergs won the parliamentary elections on October 3 and is expected to be nominated again, but still needs coalition partners.

Elon Musk stated that the usage of the X platform is at an all-time high.

According to CoinGlass data, a total of 103,612 people were liquidated in the past 24 hours, with a total liquidation amount of approximately 359 million USD. Among them, long positions accounted for about 281 million USD, and short positions accounted for approximately 78.1151 million USD, with long positions making up 78.3%.The largest single liquidation occurred in Binance's SOXSUSDT, valued at approximately 7.2713 million USD.

Renowned trader Killa reviewed the weekly trend of Bitcoin, pointing out that last week BTC rebounded 50% after falling from $87,000 to the $80,000 range. After the current weekly opening, the price surged on Monday but continued to face resistance, ultimately sweeping down to about $80,000, the low of the previous week.Currently, the market is mainly "hunting" for long positions, so there is a significant chance that it will start hunting for short positions next week. In the short term, it is crucial to closely monitor whether it sweeps the low of this week at $79,800 again; if it does, look for long opportunities.Killa provided a clear observation framework: if the price does not sweep the lows again, then focus should be on the $83,600 area. If it cannot break through this area, the market will continue to be in a surrender phase of range-bound fluctuations; if it can successfully reverse, then the market will break upwards. He expects that the weekly opening next week will push upwards, forcing late shorts who have recently chased the market to cover their positions. In the worst-case scenario for bulls, BTC could deviate downwards to the $76,000 to $78,000 range. The analyst also clearly stated that he does not believe an extreme situation of sweeping down to $74,000 will occur.

According to Reuters, earlier this month, the U.S. Department of Justice announced a deferred prosecution agreement with "Bitcoin Jesus" Roger Ver, under which his fraud and tax evasion charges will be dismissed in exchange for a payment of up to $49.9 million in fines.Roger Ver, one of the earliest Bitcoin evangelists, bought a large amount of Bitcoin in 2011 for less than $3 million. In February 2014, to avoid high tax burdens, he acquired citizenship in the Caribbean nation of Saint Kitts and Nevis and renounced his U.S. citizenship the following month. At that time, he and his companies held at least 131,000 Bitcoins, valued at over $70 million based on the price at that time. He believed that by changing his nationality, he could put an end to the high tax burden in the U.S.However, the U.S.'s stringent "exit tax" completely thwarted his plans. According to U.S. tax law, eligible expatriates must treat their global assets as if they were "sold the day before expatriation" and pay capital gains tax. Although Ver reported and paid $1.03 million in taxes, he not only failed to report his personal holdings of Bitcoin but also severely undervalued his company's assets. Ten years later, the IRS confirmed his fraudulent tax evasion (which is not subject to the statute of limitations), ultimately forcing him to pay back up to $49.9 million in taxes, fines, and interest, which is 48 times the amount he reported paying in taxes that year.

The research director of Galaxy posted on platform X, stating that year-to-date net inflows for Bitcoin ETFs remain positive, reaching 355 million dollars, and turned positive again in September.

According to on-chain analyst @ai_9684xtpa's monitoring, Sun Yuchen's address 0x176...0a132 received 72 trillion PEPE from the Poloniex multi-signature address 22 hours ago, worth approximately 28.44 million USD. This is the first on-chain operation of PEPE from this address since June 2024.

Strive CEO Matt Cole released the company's Bitcoin holdings data chart on the X platform, with the caption "Now stack sats with double the horsepower," suggesting that BTC accumulation data may be disclosed next week. This move may follow the example of Strategy founder Michael Saylor.

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "Shanghai Rolex Masters: Alejandro Davidovich Fokina vs Rafael Jodar," the option "Alejandro Davidovich Fokina" in the sub-market "Shanghai Rolex Masters: Alejandro Davidovich Fokina vs Rafael Jodar" has experienced a dramatic fluctuation in winning probability, soaring from 22.5% an hour ago to the current 87.5% (a fluctuation of 65%). Please note the impact of related breaking news.

Cryptocurrency analyst Darkfost stated that since late August, the market capitalization growth of small and medium-sized cryptocurrency assets has been the most significant, with the gap between their average monthly market capitalization and average annual market capitalization continuing to widen, currently reaching a ratio of 41%.In contrast, this ratio for BTC is about 7%, and for large-cap cryptocurrency assets, it is only 3.5%. Darkfost pointed out that this structure is relatively rare, as the market is usually led by BTC, such as after the end of the bear market in 2023. However, small and medium-sized assets are more sensitive to market changes, and trends can also reverse quickly.

According to Arkham monitoring, the whale address 0x204 withdrew 10 million Arbitrum (ARB) from Bybit 2 hours ago, having previously withdrawn about 73,400 Uniswap (UNI) tokens, with a total value of approximately 2.34 million USD.It is worth noting that Arbitrum unlocked over 90 million ARB yesterday. Despite facing ongoing token unlock pressure, the ARB price has significantly risen recently and has maintained a high level over the past month.

According to Catcher Predict monitoring, in the Polymarket event "Texans on Jaguars," the sub-market "1H Spread -13.5" for the "Jaguars" option has experienced significant fluctuations in winning probability, soaring from 11.5% an hour ago to the current 29.5% (a fluctuation of 18%). Please note the impact of related breaking news.

Recently, there has been a viewpoint in the community that a 20% correction in the US stock market would trigger Bitcoin to plummet to $10,000. Crypto analyst Darkfost published an analysis indicating that if Bitcoin falls to $10,000, it would represent a decline of about 87% from the current price and a retracement of about 92% from its historical peak. Historically, Bitcoin has only experienced a maximum retracement of over 92% in 2011; the maximum retracements in 2015, 2019, 2022, and 2026 were 82.5%, 82.6%, 74.4%, and 54.2%, respectively.Darkfost further pointed out that during a correction of about 19.53% in the S&P 500 index, Bitcoin fell by about 80% in 2018. However, in April 2025, when the S&P 500 index also corrected by over 19%, Bitcoin only dropped by about 22%. Therefore, directly linking a 20% correction in the US stock market to Bitcoin falling to $10,000 lacks sufficient historical data support.

According to Arkham monitoring, as traditional finance and the DeFi market warn that Bitcoin and Ethereum may experience significant declines, a certain whale has "counter-traded" by purchasing 7.6 million WLD at an average price of $0.57 over the past 14 days, worth approximately $4.32 million. The unrealized loss has now exceeded $780,000 and is approaching $1 million.

According to token unlocking data from the crypto asset data platform RootData, ChainOpera (COAI) will unlock approximately 8.32 million tokens at 0:00 Beijing time on October 25, worth about 2.15 million USD.

Jeff Fisher, Senior Vice President of PC at NVIDIA, stated at the RTX Spark launch event that the RTX 5090 graphics card has not been discontinued, remains a core product, and will continue to be supplied.He acknowledged that supply chain capacity is limited, but NVIDIA is working hard to ensure the smooth launch of products.

According to the market information platform Liquid247.xyz, OKX perpetual BTC has approximately 102.76 sell orders placed at $81,675, with a nominal value of about $8.39 million, which is about 0.02% above the mid-price of approximately $81,656 at that time.The total buy orders at the near end of the market amount to approximately $14.44 million, while sell orders are about $29.49 million, resulting in a net sell order surplus of approximately $15.06 million, accounting for 34.28% of the total depth.

Cryptocurrency analyst Darkfost stated that after Bitcoin encountered resistance around $87,000, the MVRV indicator has fallen below the historical 30th percentile (25.7%), indicating that the market has re-entered a transitional phase after experiencing a capitulation-style sell-off.Darkfost further pointed out that this indicator does not simply measure the ratio of Bitcoin's market value to its realized value, but rather compares the current MVRV level against the historical context of its evolution. The historical time proportion corresponding to the current valuation level is only about 25%, which still aligns with the characteristics of the market accumulation range. However, Bitcoin has moved away from the extremely undervalued range, which has historically coincided with market bottoms.

On October 16, VerityAI, an AI trust and reputation network, received investment from AURUMX Capital. AURUMX Capital possesses compliance resources in traditional finance and digital assets, holding Hong Kong SFC license number 4/9 and MSB qualification. The project has previously received investments from Titan Foundation USA and BlockX.VerityAI is dedicated to transforming market research and predictive signals into on-chain verifiable reputation assets, building a credibility assessment system for contributors in the digital market. AURUMX Capital will leverage its institutional resources to promote the application of VerityAI's verifiable reputation infrastructure in institutional scenarios. Its core product, Signal Explorer, now supports Morph Mainnet and BNB Chain, having generated nearly 20,000+ on-chain signals as of October 16, 2026.