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BiyaPay Analyst: Noh Sanghoon Talks About 1,000,000x Investment Return, Emphasizing the Key Combination of Technology and Capital Compounding

5 hours ago

On October 16th, in a recent "Future of Global Markets 2025" dialogue, NVIDIA founder Jensen Huang looked back on his "100,000x Return" investment story with Sequoia Capital. He emphasized that the combination of technological compounding and capital compounding was crucial in driving NVIDIA's transformation from a graphics chip company to an AI powerhouse. Looking back to 1993, Jensen Huang defied the odds with an almost negligible chance of success and strategically focused on accelerating computing. This decision ultimately led to the comprehensive rise of GPUs and AI. Jensen Huang's experience is not only a technological and capital miracle but also a source of inspiration for major breakthroughs in other technology fields. For instance, since Bitcoin emerged in 2009, it has experienced more than a decade of skyrocketing growth, witnessing the rapid development of cryptocurrency as a new asset class. This is highly similar to Jensen Huang's decision path starting from a 0% probability. It represents the wisdom of breaking traditional patterns and finding new growth opportunities in the market. At the same time, BiyaPay is also riding this technological wave and is committed to providing users worldwide with secure and real-time digital currency transaction services. BiyaPay's digital currency spot contract trading adopts a zero-fee model and supports USDT for trading U.S. stocks, Hong Kong stocks, and futures, providing investors with an efficient and convenient trading experience.
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Federal Reserve Governor Bowman: Not Concerned About Asset Price Bubble When Pushing for Rate Cut

On October 16th, Federal Reserve Governor Milan declared that when advocating for interest rate cuts, they do not center their attention on asset price bubbles. (Xinhua Finance)

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Bitcoin Drops Below $110,000

On October 16th, based on HTX market data, Bitcoin fell below $110,000, experiencing a 24-hour decline of 1.77%.

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In the past 24 hours, there has been a liquidation of over $500 million across the network, mainly affecting long positions.

On October 16th, based on Coinglass data, within the past 24 hours, a combined total of $5.01 billion was liquidated across the entire network. Globally, there were 190,948 people who were liquidated. The long liquidation was $3.54 billion and the short liquidation was $1.47 billion. The largest single liquidation took place on Hyperliquid - BTC-USD, reaching $5.7065 million.

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Tom Lee: Crypto Treasury Bubble May Have Burst

On October 16th, as per the report in Fortune, Digital Asset Treasury (DAT) has emerged as one of the most notable aspects of the current crypto bull market. The term "DAT" refers to enterprises that hold specific cryptocurrencies (ranging from Bitcoin to Dogecoin) and aim to operate a public trading tool to provide investors with stock-like access to the sale of these assets. Nevertheless, with the number of such projects increasing rapidly, critics have cautioned that digital asset treasuries may become the latest bubble in this volatile industry. Tom Lee, the Chairman of Ethereum's first treasury institution BitMine, has indicated that this bubble may have already popped.

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Yesterday's whale that opened a "$140 Million Short" position, the whale's long positions for ETH and BTC now exceed $100 Million

October 16: As per on-chain analyst Ai Auntie (@ai_9684xtpa), the whale address that initiated a $140 million short position on BTC yesterday (which previously closed a short position and went long) now holds long positions in both ETH and BTC, with a total value exceeding $100 million ($114 million). Specifically, the long position in ETH is $71.83 million, the long position in BTC is $43.03 million, and the total unrealized loss is $400,000.

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Federal Reserve's Waller: Government Shutdown Makes Future Policy Path Even More Uncertain

October 16: On this October 16th, as reported by Golden Ten Data, Federal Reserve Governor Waller expressed that he is in favor of further rate cuts later this month. Nevertheless, due to the government still being in a shutdown state and the absence of official economic data, there is still considerable uncertainty regarding the subsequent policy path. Waller mentioned that the economic outlook still presents conflicting signals. On the one hand, economic growth seems to remain strong; on the other hand, the labor market is noticeably tightening for workers. Waller pointed out that "given our uncertainty about how the data will develop, the Fed needs to move forward cautiously in adjusting policy rates in order to avoid making costly mistakes that are difficult to correct." He also noted that the timing of rate cuts and the policy decisions after October are still filled with uncertainties. "The policy path after October will depend on how the conflicting signals between economic act

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