Cryptoquant analyst Axel Adler Jr. released a market analysis stating that both Bitcoin and the S&P 500 index are currently maintaining at the late stage of a bull market. The S&P 500 index has a return rate of 13% over the past 52 weeks, indicating that the market is still in a risk-on mode - at this stage, investors are optimistic about the economic outlook and are more inclined to allocate to stocks, cryptocurrencies, and other risky assets in pursuit of higher returns.

 according to Whale Alert monitoring, 400 million USDT (worth 4.0014809 billion US dollars) were transferred from HTX to Aave (decentralized lending platform).

 as agreed by both China and the United States, He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will lead a delegation to Malaysia from October 24th to 27th for economic and trade consultations with the US. The two sides will hold consultations on important issues in the China-US economic and trade relationship in accordance with the important consensus reached in the various phone calls between the two countries' leaders this year.

 Binance Alpha announced that it will launch Meteora (MET) on October 23, 2025 at 21:00 (UTC+8) and simultaneously start an airdrop activity. Users holding at least 226 Binance Alpha points can receive 32 MET tokens on a first-come, first-served basis. If the prize pool is not fully distributed, the points threshold will automatically decrease by 15 points per hour. Claiming the airdrop will cost 15 Binance Alpha points, and users must confirm the claim on the Alpha activity page within 24 hours, otherwise it will be considered as forfeited.

The Luma team announced that its core smart contracts have successfully passed a comprehensive code audit conducted by CertiK, a globally recognized blockchain security firm.

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American investor Louis Navellier stated in a report that the recent comprehensive decline in US Treasury yields indicates that the Federal Reserve will cut interest rates. Navellier expects the Fed to cut interest rates at the meetings on October 29 and December 10, with the market expecting a 97% chance of a 25 basis point rate cut in October and a 94% chance of another 25 basis point rate cut in December. 

on Wednesday, the Kinetiq Foundation officially launched the protocol's official governance token KNTQ. As the largest liquidity staking platform in the Hyperliquid public chain Layer 1 (HyperEVM) ecosystem, Kinetiq's current TVL has exceeded $1.6 billion.

 according to Decrypt, Paxos CEO Charles Cascarilla said at the Federal Reserve's cryptocurrency roundtable on Wednesday that the company accidentally minted $30 trillion worth of PayPal stablecoin (PYUSD) last week due to an "internal technical error" and destroyed it all within 24 minutes. This amount exceeds twice the global GDP. Cascarilla attempted to redefine this event as a demonstration of the transparency advantages of blockchain, stating "This actually demonstrates the transparency that blockchain can immediately provide."

 Dean Baker, chief economist of the British research institution CEPR, said that the U.S. CPI data for September may show a growth rate similar to that of August, with overall and core CPI year-on-year expected to be close to 3%, higher than the Fed's 2% target. The direction of changes in inflation levels may cause concern for the Fed, especially in a situation where the impact of tariffs has not yet been fully passed on to consumers. 

Binance Alpha will launch aPriori (APR) trading at 18:00 on October 23, 2025. In addition, the Binance contract platform will launch the APRUSDT perpetual contract at 18:30 on the same day, with a maximum leverage of up to 50 times. All eligible Binance users can participate in the Booster activity to receive token airdrops. Please pay attention to subsequent announcements for specific information.

Sonic announced on the X platform: all nodes on the main network and test network must upgrade to version 2.1.2 immediately to avoid disconnection. This version introduces native cost subsidies and key security improvements. Before Sonic's main network is fully upgraded to Pectra compatibility, it replaces the early v2.1. It is suitable for validators, RPC providers, archival nodes, exchanges, and other node operators. After the upgrade, the nodes will continue to run on the current main network until a full transition is made on November 3, 2025.

 the Japanese Financial Services Agency is advancing a financial product regulatory plan that aims to prohibit banks and insurance companies from selling virtual currencies, while allowing securities firms and other institutions to engage in virtual currency sales.

 on October 23rd, Kyle Samani, a partner at Multicoin Capital, wrote an article on X, joining the recent hot discussion in the crypto community about privacy. He stated that assets are more important than privacy, and for 99% of people, the risks of volatility far outweigh the benefits of privacy. There are three main methods for achieving on-chain privacy: Trusted Execution Environment (TEE), Zero-Knowledge Proofs (ZKP), and Fully Homomorphic Encryption (FHE). When considering which method is optimal, three variables are very important: A, permissionless; B, able to execute any DeFi; C, scalability of algorithm + chip. However, TEE does not work in a non-permissioned environment, and ZKP fails in point B. He used the recent surge in the privacy project Zcash as an example, stating that when you submit an anonymous Zcash transaction, this transaction cannot actually be viewed or interacted with any other person's assets, making it impossible to engage in DeFi. FHE allows for computation on encrypted data, making privacy DeFi using FHE structures simple. Therefore, he expressed that he is more bullish on FHE.

 according to Ark Invest Tracker, Cathie Wood's Ark Invest increased its holding of 167,489 shares of Robinhood stock (approximately $21.3 million) yesterday.

according to local information from the Bank of Korea (the central bank of South Korea) in Hong Kong, the number of stablecoin issuer license applications accepted by the Hong Kong Monetary Authority (HKMA) since August this year is lower than expected. The Hong Kong Monetary Authority stated that as of the end of September, only 36 institutions had applied. This number is even less than half of the 77 institutions that initially showed interest.

Binance announced that users with BinanceAlpha points greater than or equal to 240 can participate in the exclusive TGE event of aPriori (APR) through the Alpha activity page. Participating in this event will consume 15 points.

 the market prediction platform Limitless posted on X platform that today it will allocate 0.2% of the token supply to designated users, including active traders in pre-Season 1 (trading amount greater than $200) and Atlantis World NFT holders. The tokens will be sent directly to the wallets of the relevant users without any action required.

7:00-12:00 Keywords: Polymarket, Hyperliquid Strategies, Stablecoins

Binance Wallet and Reveel have launched the sixth phase of the Booster program. Binance users with at least 61 Alpha points can participate in the activity and share 5 million REVA tokens as rewards. Tokens obtained in the Booster activity will be subject to lock-up periods set by the project party.