Bitcoin Drops Below $110,000

On October 17th, as reported by Bloomberg, Rick Wurster, the CEO of JPMorgan Chase Wealth Management, stated in a Thursday call with analysts that the company is continuously attracting young customers in the midst of competition from native digital investment firms such as Robinhood. He also brought up that JPMorgan Chase Wealth Management is anticipated to launch a cryptocurrency spot trading service during the first half of 2026. He said, "I view the cryptocurrency business as adding to our growth. Even without it, we have already won over these customers."

On October 17th, the Federal Reserve's Kashkari stated that the risk of an unexpected decline in the labor market is greater than the risk of a slight pick-up in inflation. It may be considered that the economic slowdown is more severe than it actually is. (Xinhua News Agency)

On October 17th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the address 0x0b5...1C2D5 has established a $100 million short position in ETH with a leverage of 25 times within the past 10 hours. Currently, it has an unrealized profit of $638,000. In addition, this address has also opened a short position on SOL and a long position on ENA. The overall unrealized profit is $804,000. The specific position details are as follows: · ETH 25x Short: Position $100 million (25,887.39 ETH), Entry Price $3,926.95 · SOL 20x Short: Position $5.71 million (30,806.13 SOL), Entry Price $186.256 · ENA 10x Long: Position $580,000 (1.44 million ENA), Entry Price $0.4

On October 17th, as reported by dlnews, in April of this year, the stablecoin issuer Tether complied with a request from the Bulgarian police and froze 44.7 million USDT. Now, the Texas-based company Riverstone Advisory has officially filed a lawsuit, alleging that Tether unlawfully froze its tokens, resulting in it missing out on a significant investment opportunity. According to the complaint filed with the court in the Southern District of New York, on April 4th, Tether froze assets from 8 offline wallets controlled by Riverstone. The company claims that Tether froze the assets solely based on a request from a local Bulgarian police station, which the company alleges was "procedurally flawed" and did not follow the formal process of exchanging record information through central authorities and diplomatic channels as stipulated in the "Bulgarian International Judicial Assistance Treaty." The complaint states that when Riverstone contacted Tether, they were told to communicate direct

On October 17th, the US-listed media company Newsmax announced that it will establish a digital asset reserve with Bitcoin and the Trump meme token (TRUMP) as its core. The company's board of directors has given the green light to a plan to allocate up to a maximum of $5 million within the next year to these two asset classes.