[Bank of Japan Policy Board Member Says Now Is the Best Time to Raise Interest Rates] On October 20, Bank of Japan Policy Board Member Hajime Takata stated that now is the best time to implement an interest rate hike. (Jin10)

OKX-BTC/USDT is currently trading at $110085.40, with a 5-minute increase of 0.62%. Please be aware of market fluctuations.

OKX-ETH/USDT is currently trading at $3999.83, with a 5-minute increase of 0.45%. Please be aware of market fluctuations.

Binance SPX is currently priced at $0.9947, with a 5.45% increase over 24 hours. 24-hour transaction volume of 100 million US dollars, up 60.05%, for reference only

[Ethereum Developers Warn of Potential Risks from Paradigm's Influence on the Ecosystem] Ethereum core developer Federico Carrone recently stated that the growing influence of venture capital firm Paradigm on the Ethereum network could pose potential risks to the ecosystem. Carrone pointed out that although Paradigm has created value within the community, as a profit- and influence-driven venture fund, its goals may conflict with Ethereum's philosophy of decentralization and political ideals. Paradigm has gradually expanded its influence by hiring key Ethereum researchers and funding significant open-source projects. Additionally, the company recently partnered with Stripe to incubate a Layer-1 blockchain project called Tempo, which focuses on stablecoins and payments and is effectively controlled by Stripe, contrasting sharply with Ethereum's decentralized and open-source nature. This development has raised concerns about Paradigm's long-term impact.

[Wintermute Founder: 10.11 Crash Caused by Excessive Market Leverage and Multiple Factors] On October 20, Wintermute founder Evgeny Gaevoy stated in a podcast that the '10.11' crash was the result of multiple overlapping factors, including excessive market leverage, an increase in token types and perpetual contract products, as well as more large platforms participating in trading. He pointed out that although the market is more mature compared to three or four years ago, it also brings potential risks. The specific parties affected by liquidation remain unclear, but many institutions may have suffered significant losses due to the impact of the ADL mechanism on their long-short hedging strategies.

[Hyperliquid Founder Responds to ADL Mechanism Controversy, Claims to Have Generated Hundreds of Millions in Profits for Users] Hyperliquid founder Jeff Yan responded to external criticism regarding the platform prioritizing protocol revenue, emphasizing that the platform focuses more on traders' interests. Yan stated that during the market's sharp fluctuations on October 10, Hyperliquid's Auto-Deleveraging (ADL) mechanism closed profitable short positions at favorable prices, generating hundreds of millions of dollars in profits for users. Although more positions could have been liquidated through backstop liquidation, potentially bringing additional profits to the protocol, this would have resulted in high-risk exposure. Yan stressed that the ADL mechanism achieves a "win-win" by transferring potential profits and losses to users while reducing the platform's risk exposure. Additionally, Hyperliquid is exploring ways to optimize the ADL mechanism to enhance user experience and system robustness.

[AI Agents May Violate Core Transparency Principles of the Crypto Industry] According to Forbes, autonomous AI agents are expected to become a major trend in the crypto industry by 2025, with a market size potentially reaching $13.5 billion. However, these agents rely on closed-source models like OpenAI, posing significant centralization issues that contradict the transparency principles of the crypto industry. Security researchers warn that many AI agents use unaudited smart contracts and delegate decision-making to centralized systems that cannot be scrutinized, potentially leading to security risks.

**[Today's Cryptocurrency News Summary]** 1. Analysis suggests ETH may rebound to $4,500 by the end of October. 2. BTC's pullback is due to high speculation and its inability to fully replace gold. 3. Jay Chou's friend went missing after investing in Bitcoin on his behalf; he posted online seeking help to find the person. 4. Hong Kong Financial Secretary Paul Chan: Stablecoins and other digital assets require international collaboration to manage risks. 5. Shanghai releases blockchain innovation applications, covering finance and social governance. 6. UK tax authorities sent 65,000 tax collection notices to crypto tax evaders, doubling the previous number. 7. The UK plans to establish stablecoin regulations by the end of 2026, aligning with the US. 8. Huobi founder Li Lin plans to establish a $1 billion Ethereum asset management company. 9. Binance has banned over 600 accounts for violations, with whistleblowers eligible for up to 50% of recovered funds as rewards. 10. Analyst Ansem states BTC needs to return to $112,000 to signal a bull market turnaround. 11. Galaxy Research: US Treasury's Bitcoin reserves have reached 3.5% of its gold reserves. 12. A mysterious whale has increased BTC and ETH long positions to $250 million. 13. Vitalik suggests optimizing crypto technology performance while ensuring hardware independence.

[Gold's Share of Global Foreign Exchange Reserves Reaches Historic High of 30%] Golden Finance, citing ZeroHedge data, reports that gold's share in global foreign exchange reserves has risen to 30%, setting a historic high. If gold prices surpass $5,790 per ounce, gold's status may surpass that of the US dollar.

[Head of U.S. SEC Says Bitcoin Receives 'Official Recognition'] According to a report by Jinse Finance, the head of the U.S. Securities and Exchange Commission (SEC) stated during a national television broadcast that the U.S. has given Bitcoin 'official recognition' or a 'seal of approval'.

[Trump: High Tariffs on India to Remain Until It Stops Buying Russian Oil] U.S. President Trump stated that 'high' tariffs on India will remain until India stops purchasing Russian oil. (Watcher.Guru)

[Multiple Crypto Industry Executives to Hold Roundtable Meeting with Senate Democrats] According to crypto journalist Eleanor Terrett, on October 20, multiple crypto industry executives will hold a roundtable meeting on Wednesday with Senate Democrats who support cryptocurrency to discuss market structure legislation and future development directions. Participants include executives from companies such as Coinbase, Chainlink, Galaxy, Kraken, Uniswap, as well as the President of the Solana Policy Institute and Circle's Chief Strategy Officer.

BBX News: Last week, the total investment and strategic financing of global listed companies in the field of encrypted assets exceeded 700 million US dollars. The institutional layout focuses on three main lines: the construction of Bitcoin treasury, the increase of mainstream public chain holdings, and the tokenization of the gold ecosystem. ——Breakthrough in gold tokenization and mining cooperation: Delin Holdings (HKEX: 01709) and Antafa (NASDAQ: ANTA) have reached a strategic partnership, planning to invest up to $100 million in Bitcoin mining and XAU ₮ ecosystem in the next year, and have already purchased $5 million XAU ₮ through its subsidiary DL HODL Limited. ——Mainstream public chain holdings and staking gains: DeFi Development (NASDAQ: DFDV) increased holdings of 86307 SOLs, with a total holdings of 2.19 million; BitMine (NYSE: BMNR) added 200000 ETH during market correction; SharpLink Gaming (NASDAQ: SBET) has generated over 5200 ETH staking profits, totaling approximately $20 million. ——Bitcoin treasury expansion accelerates: Strategy (NASDAQ: MSTR) increases holdings of 220 BTC, with total reserves reaching 640000 BTC; ZOOZ Power（NASDAQ: ZOOZ）、The Smarter Web（AQUIS: SWC）、Matador（NASDAQ: MTDR） Both Jiuzi Holdings (NASDAQ: JZXN) and Jiuzi Holdings have made new purchases; AGAE, a subsidiary of Lianzhong (HKEX: 06899), has included BTC and ETH in its financial report for the first time. ——Financing and Innovation Payment: Zeta Network (NASDAQ: ZNB) raises $230 million through a financing agreement paid in Bitcoin, marking the first public company to do so; Cosmos Health (NASDAQ: COSM) and Ricoh Holdings (HKEX: 08472) are intensifying their digital asset strategy. The total weekly investment and financing amount of institutions has exceeded 700 million US dollars, and the allocation of cryptocurrencies is extending from asset holdings to ecological collaboration and physical tokenization. Source: bbx.com

[Over the past 7 days, Hyperliquid recorded a net outflow of $1.5 billion, with $1.46 billion flowing into Arbitrum] According to data from Artemis, in the past 7 days, the Hyperliquid blockchain recorded a net outflow of $1.5 billion, making it the chain with the largest outflow during the same period. Among this, approximately $1.46 billion flowed into the Arbitrum network. Meanwhile, Arbitrum achieved a total net inflow of $1.8 billion during the same period, ranking first among all blockchains. The data shows that the funds flowing out of Hyperliquid accounted for the majority of Arbitrum's net inflow, indicating that a significant amount of capital may have been transferred from Hyperliquid via the Arbitrum cross-chain bridge recently. This trend in capital flow is worth the market's attention.

[HyperSwap Releases SWAP Tokenomics, Genesis Event to Launch on October 20] HyperSwap has announced the tokenomics for the SWAP token, with a total supply cap of 100 million tokens. The genesis event is scheduled to launch on October 20. Among the allocation, 25% will be used for community genesis distribution, 25% for investor genesis distribution, 25% allocated for future liquidity mining, 8% for core contributors, 10% for future trading activity airdrops, 3% for the advisory team, 2.5% for the liquidity pool, and 1.5% for HIP-2. Additionally, 25% of the tokens will be distributed in the form of locked xSWAP, which can be exchanged 1:1 for SWAP after a maximum lock-up period of 6 months.

[Suspected HEX Founder Wallet Transfers 153,000 ETH to New Address, Involving $6.08 Billion] The wallet suspected to belong to Richard Heart, founder of HEX, PulseChain, and PulseX, has transferred 153,000 ETH to a new address in the past 5 hours, valued at approximately $6.08 billion. Previously, between March 4 and March 8, 2024, he purchased 163,000 ETH through 25 wallets at an average price of $3,800, valued at approximately $6.19 billion. Additionally, over the past six months, he has deposited 9,500 ETH into Tornado.Cash, valued at approximately $37.43 million. (Lookonchain)

[Limitless Expands to BSC and Opens Binance-Related Prediction Market] On October 20, Base ecosystem prediction market Limitless announced its expansion to BSC and launched a prediction on whether 'Binance Life' will be listed on Binance spot market this year. Previously, Limitless founder CJ publicly criticized Binance's 'listing fee' issue on October 14 and suggested developers choose the Base ecosystem.

[Richard Heart Transfers 81,000 ETH Worth $323 Million] Monitoring shows that an address suspected to be related to Richard Heart, the founder of Hex, PulseChain, and PulseX, has transferred 81,000 ETH in the past five hours, valued at approximately $323 million. These ETH were purchased in March 2023 for 499 million DAI at an average price of $3,770. Among them, 9,500 ETH were previously transferred via the Tornado Cash protocol, while the rest had been held until now. Currently, these ETH have been dispersed into multiple new wallets. (Ember)

[Nearly $1 Billion Stablecoin Inflows into Ethereum Over the Past 24 Hours] According to Artemis data, Ethereum saw $99.58 million in stablecoin inflows over the past 24 hours, marking the largest single-day inflow in recent times. (Cointelegraph)