The US 2-Year Treasury Yield Falls Below 3.44% for the First Time Since April

On October 17th, the Bitcoin Layer2 network Merlin Chain officially tweeted that its BTCFi ecosystem has been continuously generating stable and sustainable revenue across multiple chains. The revenue sources include staking, liquidity, and yield protocols. According to the official plan, more than 50% of the revenue will be used for the ongoing buybacks of the MERL token. The related buyback mechanism is already in place and will be carried out in the long term. The official emphasized that Merlin Chain's construction of the BTCFi is not only about ecosystem expansion but also about giving back tangible value from ecosystem growth to the community.

On October 17th, the recent weak performance of Bitcoin appears to have dampened market enthusiasm, and Google search interest has dropped to a multi-month low. The latest market sentiment index reflects the typical characteristics of a bear market phase, with cautious sentiment prevailing in the entire crypto market. The Crypto Fear and Greed Index has dropped to 24, which is in the "Fear" level and the lowest point in the past year, a sharp decline from 71 last week. This decline is similar to the sentiment when Bitcoin briefly dropped below $74,000 in April this year, echoing the market fatigue cycles of 2018 and 2022. Although sentiment has dropped sharply, Bitwise analysts believe that the current situation is more suitable for "buying the dip" rather than withdrawing. The company's research director André Dragosch, senior researcher Max Shannon, and research analyst Ayush Tripathi stated that the recent correction is mainly driven by external factors, including a renewed escalat

On October 17th, based on Coinglass data, during the past 24 hours, there have been liquidations amounting to $710 million throughout the entire network. A total of 217,395 people have been liquidated globally. The long liquidations reached $508 million and the short liquidations were $202 million. The largest single liquidation took place on Hyperliquid - BTC-USD, totaling $20.4274 million.

On October 17th, according to The Information, XAI is set to make a $20 billion chip leasing deal with NVIDIA (NVDA.O). (Golden Ten)

October 17th. The AI infrastructure project Voyage announced the completion of a $3 million Pre-Seed funding round. Participating in this round were a16z Speedrun, Alliance DAO, Solana Ventures, LECCA Ventures, IOSG VC, Big Brain VC, MH Ventures, GAM3GIRL VC, Y2Z Ventures, as well as Varun Srin, the co-founder of Faracaster, and Kuan Huang, the former Uniswap executive. Voyage aims to build the first "GEOFi" network. It is establishing a fair distribution layer for the citation system of AI-generated content to reward genuine knowledge contributors. The project structures human knowledge for AI reference through AI-guided dialogues, forming a "more citation - more contribution - more trust" cycle. Voyage states that its goal is to become an "AI-referencable human knowledge platform" to ensure that creators receive the rightful value in return.

On October 17th, based on HTX market data, Bitcoin experienced a rebound and exceeded $109,000, with a 24-hour decline of 1.4%.