Ethereum Surges Above $3,900

On October 23rd, Fidelity Digital Assets, which is a subsidiary of Fidelity Investments, now provides custody and trading services for Solana tokens.

On October 23rd, the three major U.S. stock indexes opened with a mixed performance. The Dow was down by 0.03%, the Nasdaq was up by 0.02%, and the S&P 500 was up by 0.07%. Tesla fell by more than 5%, with the company's net profit in the third quarter showing a year-on-year decline of 37%. Cryptocurrency-related stocks had a mixed performance. Stocks focused on Ethereum, such as those of Digital Treasury (DAT), generally showed an upward trend. Specifically, Coinbase (COIN) was down by 0.2%; MicroStrategy (MSTR) was up by 0.64%; Bitmine Immersion (BMNR) was up by 0.58%; SharpLink Gaming (SBET) was up by 0.78%; Bit Digital (BTBT) was up by 0.42%; and BTCS Inc (BTCS) was up by 0.4%.

On October 23rd, according to on-chain analyst Ai Auntie (@ai_9684xtpa), in recent days, the address related to the "1011 Insider Whale" which has made profits from 8 successful long and short operations placed a 150 BTC limit buy order at $108,700, and part of the order has been filled. The current position is as follows: There is a long position with 19x leverage on BTC, and the entry price is $109,034, with a position value of $5.2 million. Since only part of the buy order has been filled, the position is currently lower than before.

On October 23rd, spot gold broke through $4140 per ounce and rose by more than 1% during the trading day. (Xinhua Finance)

October 23rd. KuCoin announced today the official launch of its new mining pool service, KuPool. This marks another upgrade to its ecosystem and the construction of a new landscape of "hash power finance." KuPool is led by mining expert Zhu Fa and leverages KuCoin's strengths in security and compliance to build an efficient and transparent mining system. KuPool supports mainstream and merge-mining currencies like LTC, DOGE, PEPE, Lucky, BELLS, and will soon introduce a BTC mining pool. It is committed to providing global miners with a verifiable hash rate and a trustworthy mining experience.

On October 23rd, Bitget CEO Gracy posted on X and mentioned that following recent interactions with multiple top market makers and venture capitalists, the industry consensus is becoming more cautious. She pointed out that currently, retail investors have a very poor risk-reward ratio in meme coins. Venture capital funds have significantly withdrawn from the Web3 primary market. Only infrastructure projects with real-world assets such as stablecoins, RWAs, and payments still retain value, but most of these projects will not issue tokens. She also believes that the NFT bubble is bursting, long-tail projects lack genuine buying interest. Recent fundraising is mostly in the form of "token-for-equity," and investors are generally facing high risks. Gracy also stated that after the 10/11 Black Swan event, market trading volume has decreased by 20%-40%. Many market makers have been severely impacted, and the current market is in a phase of recovery and consolidation.