Bitcoin Surpasses $111,000

On October 17th, as per Bloomberg, Ripple Labs is spearheading a fundraising round with an amount of at least $1 billion via a special purpose acquisition company (SPAC) (the specific name has not been disclosed yet) in order to accumulate its affiliated digital token XRP. The funds will be injected into a newly established digital asset reserve, and at the same time, Ripple Labs will contribute a portion of its own XRP.

On October 17th, as monitored by on-chain data analyst Yu Jin, two whale/institutional addresses collectively deposited 1,785,700 ASTER tokens (approximately $22.88 million) into a CEX today. Among them, a whale/institution that has been accumulating 64,535,000 ASTER tokens through Gate and has been making daily transfers to Binance recently transferred 9,575,000 ASTER tokens (approximately $12.53 million) to Binance again today. Its ASTER holdings are now on the verge of full liquidation. It has transferred a total of 58,608,000 ASTER tokens to Binance in the past week (approximately $92.25 million), with only 5,926,000 ASTER tokens remaining (approximately $7.42 million), and it is expected to complete the liquidation tomorrow. A whale/institution that previously participated in the WLFI public sale (purchasing 2 billion WLFI tokens for 10 million USDT) withdrew 8,282,000 ASTER tokens (approximately $16.86 million) from Bybit three weeks ago at a price of $2.03. Eight hours ago, thes

On October 17th, as per The Block, Florida legislators have launched the 2026 legislative session and have proposed including Bitcoin in the state's asset allocation. House Bill 183, submitted to the Florida House of Representatives, would permit the state's Chief Financial Officer to invest up to 10% of designated public funds (such as the general revenue fund, budget stabilization fund, and various trust funds) in "digital assets" and exchange-traded products. It is reported that the bill defines digital assets to encompass Bitcoin, tokenized securities, and NFTs, and sets out strict custody requirements: the assets can be held by the Chief Financial Officer, a qualified custodian, or an ETF registered with the SEC. Citing the executive order establishing a federal "Strategic Bitcoin Reserve" by the White House in March 2025 as the policy background, the bill positions Bitcoin as a potential store of value for the state's finances and an inflation hedging tool, scheduled to come into

On October 17th, Grant Cardone, who is the CEO of the U.S. real estate investment company Cardone Capital, declared that after purchasing 300 BTC last week, the company has once more augmented its holdings by 200 BTC.

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)