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MicroStrategy’s stock is no longer closely tracking Bitcoin’s price, marking a potential turning point for the company’s Bitcoin-driven strategy. New competitors and market changes threaten to erode the unique financial model that has allowed MicroStrategy to accumulate Bitcoin at scale.
Ethereum's recent dip has led to widespread liquidations, with millions lost in the process. However, institutional investors are capitalizing on the market downturn, purchasing significant amounts of ETH, suggesting long-term confidence in the asset.
Share link:In this post: Wyoming launches the Frontier Stable Token (FRNT), becoming the first U.S. state to issue a blockchain-based stablecoin. FRNT is backed by US dollars and Treasuries, with reserve interest funding Wyoming’s School Foundation Fund. The token debuts across seven blockchains, supported by partners including LayerZero, Fireblocks, and Franklin Advisers.
Share link:In this post: Google’s proposal will allow Android developers to direct users to external sites for payments. It is also proposing to slash its first-year developer fee from 10% to 3% under the new program. Brussels has accused Google of unfair restrictions and could impose multibillion-euro fines.
Share link:In this post: Xpeng posts record quarterly revenue as deliveries surge despite price war. Net loss narrows to five-year low, helped by cost cuts and new models. The carmaker expects revenue to almost double in the third quarter on strong demand.
- 18:44Zelensky visits the U.S. for the third time in eight months, arrives at the White House to meet with TrumpJinse Finance reported, citing CCTV News, that on the afternoon of October 17 local time, Ukrainian President Zelensky arrived at the White House for a meeting with U.S. President Trump. This is Zelensky's third visit to the White House in eight months. Subsequently, the two sides began talks in the White House Cabinet Room. Zelensky expressed his pleasure at seeing Trump again. Zelensky stated, "I believe this is an important opportunity to end the Russia-Ukraine conflict." He also mentioned that he had met with several American energy and military-industrial companies, who expressed their willingness to assist Ukraine in repairing damaged energy infrastructure and strengthening cooperation on air defense systems. According to multiple sources, the two sides are expected to discuss issues such as the U.S. providing Ukraine with Tomahawk cruise missiles.
- 18:44White House Head of Crypto and AI: Artificial Intelligence Accounts for 40% of GDP GrowthJinse Finance reported that David Sacks, the White House's head of cryptocurrency and artificial intelligence, known as the "Crypto Czar," stated, "Currently, the US GDP growth rate is as high as 3.9%, and artificial intelligence accounts for 40% of that. It's easy for politicians to grandstand and pander to the public by attacking technology. But the real question is, do they want a 4% growth rate or a 2% growth rate?"
- 18:08Data: If ETH breaks $4,008, the total short liquidation intensity on major CEXs will reach $1.897 billions.According to ChainCatcher, citing data from Coinglass, if ETH surpasses $4,008, the cumulative short liquidation intensity on major CEXs will reach $1.897 billions. Conversely, if ETH falls below $3,633, the cumulative long liquidation intensity on major CEXs will reach $1.139 billions.