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Analyst: During the decline of BTC, long-term holders transferring to exchanges remained low, and the selling pressure from short-term holders weakened

On-chain analyst Murphy posted on the X platform, stating that during the recent decline of BTC, the scale of short-term holders (STH) transferring BTC to exchanges has significantly increased, averaging about 2,200 BTC transferred per hour over a 4-hour period, reaching the fourth highest level since the market rally began in August this year. However, the peak of transfers has fallen below that of October 8, indicating that the potential selling pressure from short-term holders has weakened.In contrast, long-term holders (LTH) transferred an average of only about 480 BTC to exchanges per hour during the same period, which is about one-fifth of the short-term holders. Murphy pointed out that on October 8, long-term holders experienced a peak transfer of about 3,700 BTC per hour, which may be partly related to asset transfers triggered by security incidents involving hardware wallets. However, considering that both short-term and long-term holders experienced large-scale transfers that day, and the rapid decline in BTC prices, there remains actual selling pressure in the market. Murphy believes that during the current decline, the main transfers to exchanges are from short-term holders, while long-term holders remain relatively stable overall, and the intensity of transfers from short-term holders has weakened compared to before, reflecting that the structure of BTC holders still has a certain resilience.

first_img Intellectual property platform IPX completes a $4 million seed round, with a valuation of $125 million

The intellectual property tokenization platform IPX announced the completion of a $4 million seed round financing, with a valuation of $125 million. This round was led by Bitsurge Holdings, with participation from YICIPX Holdings Family Office and a group of strategic investors. The company is headquartered in Miami, Florida, and the founder and CEO is Brendan McCafferty.IPX's products are built on Base and include an intellectual property agent operating system, a tokenization issuance platform, and IPX Exchange, allowing creators to complete tokenization, advertising, monetization, and distribution within the same system. The company claims that over 100 celebrities have signed exclusive tokenization agreements, covering both existing and new film and television projects in Hollywood, first-tier athlete video games, and YouTube creator membership tokens.The company plans to launch IPXOS, IPX Exchange, and the native token IPX on November 15, 2026, stating that this financing marks the beginning of a series of updates leading up to that launch date, with news on technology, partners, and the first original projects to be released almost weekly thereafter. Brendan McCafferty stated: Creators retain ownership, fans provide funding and share profits, and IPX connects traditional finance with tokenization channels without taking ownership away from creators.

first_img SBI and Startale join Open Standard to explore interoperability between JPYSC and OUSD

On October 16, SBI Holdings and Startale Group announced their participation in Open Standard to explore the interoperability of the dollar-pegged stablecoin OUSD and the yen-denominated trust-based stablecoin JPYSC. The article states that Open Standard will launch in June 2026, and the alliance already includes over 140 global companies, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, with OUSD already publicly launched on-chain. The announcement clarified that this only involves exploring a pilot project and does not represent the launch of new commercial services or the initiation of production environment settlements or trading activities.Yoshitaka Kitao, Representative Director, Chairman, President, and CEO of SBI Holdings, stated that cross-border transactions will become more common, and seamless conversion between yen and dollar stablecoins is crucial. Joining Open Standard and exploring related proof of concepts is an important step. He also mentioned that the SBI Group has been the first in Japan to offer dollar stablecoins USDC and RLUSD. Startale Group CEO Sota Watanabe stated that joining Open Standard reflects both parties' belief that the future of finance is on-chain, borderless, and interoperable, and that the pilot interoperability of JPYSC and OUSD is of significant importance.JPYSC is issued by SBI Shinsei Trust Bank and is positioned as an on-chain yen settlement infrastructure compliant with Japan's Payment Services Act and trust law framework. In July 2026, SBI Global Asset Management, DigiFT, and Startale announced a proof of concept for tokenized securities settlement and distribution payments, considering the future use of JPYSC. Open Standard claims it was established in 2026, with founding partners including Coinbase, Mastercard, Shopify, Stripe, and Visa, and over 200 institutions have signed up to add OUSD to the platform.

Bitcoin.com exclusive interview with Gate founder and CEO Dr. Han: Creating an integrated financial application Gate Money, reshaping the experience of capital flow

Recently, Gate founder and CEO Dr. Han accepted an exclusive interview with the cryptocurrency media Bitcoin.com, reflecting on Gate's journey from developing its underlying trading system in 2013 to becoming a platform serving over 61 million users across more than 130 countries and regions. He further elaborated on the strategic vision of the TOKEN2049 keynote speech "One Gate, Everything Money."Dr. Han stated that in the face of the long-standing barriers between traditional finance and the cryptocurrency market, users have often faced the dilemma of fragmented capital management. They not only need to frequently transfer funds between banks, brokerages, and cryptocurrency platforms but also have to keep a large amount of cash idle in bank accounts, suffering losses from inflation and lack of returns. Meanwhile, high-quality assets like stocks and gold are difficult to consume immediately due to liquidity constraints.To address this industry pain point, Gate officially launched the integrated financial application Gate Money, which consolidates fiat currency, cryptocurrency assets, gold, ETFs, and over 12,800 global stocks into a single account. Users no longer need to hold large amounts of low-yield idle cash and can allocate capital to high-quality assets with value preservation and appreciation potential. When a consumption demand arises, the system will instantly convert the corresponding assets into fiat currency for payment, keeping the funds in an investment state before consumption.

first_img Qualcomm's next-generation AP overheating, Samsung may bring Exynos back to Ultra

According to a report by Seoul Economy on the 16th, Samsung Electronics is experiencing performance degradation due to overheating in Qualcomm's next-generation application processor intended for the high-end model Galaxy S27 Ultra, which is set to be released early next year. The MX division of Samsung's DX department is conducting final performance validation on the Qualcomm Snapdragon 8 Elite Extreme 6th generation that will be equipped in this model and has requested Qualcomm to resolve the overheating issue by mid-month.Several related individuals stated that the chip repeatedly exceeded temperature benchmarks during recent internal testing, leading to a decrease in processing speed under sustained high load. Samsung informed Qualcomm of the results last month, and as of the report, the overheating stability required by Samsung has not yet been achieved, with both parties still working to enhance performance and revalidate. This chip is Qualcomm's highest-end mobile application processor publicly announced last month, focusing on handling complex AI tasks on the device side and improving the performance of the CPU, GPU, and more.Mass production of the Galaxy S27 series is scheduled for the end of this year, and Samsung plans to confirm the results of the overheating improvements and finalize the application processor selection by mid-month. If the standards are met, Snapdragon will be used as originally planned; if not resolved, the Exynos 2700, designed by Samsung's System LSI and utilizing the second-generation 2-nanometer process SF2P from its foundry division, may be considered as an alternative. Since the global use of Qualcomm application processors began with the Galaxy S23 Ultra in 2023, if the Exynos 2700 is adopted in next year's Ultra, it will mark a return to the highest-end model after about five years since 2022. Industry insiders indicate that Qualcomm's application processor has not been completely ruled out.
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