the Binance HODLer airdrop has launched the 55th project - Turtle (TURTLE), which is a liquidity distribution protocol. From 08:00 on October 14, 2025 to 07:59 on October 17, users participating in the purchase of BNB guaranteed earning coins or on-chain earning coin products will receive TURTLE retroactive airdrop rewards.

 according to CryptoQuant analyst Axel Adler Jr's analysis, the Bitcoin futures flow index indicates that the market is still in a weak area (45). Bulls are trying to regain control of the market, but all have failed. Currently, the price is still below the fair value of 30 days, futures liquidity is weak, buyer initiative is significantly weakened, showing that the market bulls are showing signs of fatigue.

 according to the data of the Hong Kong stock market, as of the close of trading today, the trading volume of 6 Hong Kong virtual asset ETFs was 24.35 million Hong Kong dollars. Among them: the trading volume of Huaxia Bitcoin ETF (3042.HK) was 8.31 million Hong Kong dollars, the trading volume of Huaxia Ethereum ETF (3046.HK) was 5.71 million Hong Kong dollars, the trading volume of CSOP Bitcoin ETF (3439.HK) was 1.5 million Hong Kong dollars, the trading volume of CSOP Ethereum ETF (3179.HK) was 1.08 million Hong Kong dollars, the trading volume of Bosera HashKey Bitcoin ETF (3008.HK) was 3.98 million Hong Kong dollars, and the trading volume of Bosera HashKey Ethereum ETF (3009.HK) was 3.77 million Hong Kong dollars.

 spot gold fell below $4250 per ounce, down 2.54% intraday. New York gold futures fell below $4260 per ounce, down 2.30% intraday.

according to on-chain analyst Ai Yi (ai_9684xtpa), the whale address 0x6e1...90733 bought 183.12 WBTC at an average price of $109,219 per coin on-chain in the past 1 hour, or started a new round of banding; he previously made a profit of about $651,000 through the WBTC band in July.

 Christopher Wong, foreign exchange strategist at OCBC Bank in Singapore, said that the election of Sanae Takaichi as Japan's Prime Minister after the Restoration Party agreed to form a coalition government was expected. Due to the fiscal stability demonstrated by the coalition of the Liberal Democratic Party and the Restoration Party, this should reassure the market and the yen. The impact of this event on the USD/JPY may not be similar to the trend seen after the LDP election, as the coalition government may require Sanae Takaichi to adjust her previous support for stimulus policies. In addition, with the macroeconomic situation allowing for policy normalization, reducing some political uncertainty may pave the way for the Bank of Japan to raise interest rates on October 30.

according to the official announcement, Bithumb will list ZORA and RECALL Korean won trading pairs.

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 spot gold fell below $4300 per ounce, falling about $75 from the daily high.

the Spanish listed company Vanadi Coffee has purchased an additional 7 bitcoins, currently holding a total of 107 BTC.

Masamichi Adachi, Chief Japan Economist at UBS Global Research, commented that it seems justified for the Bank of Japan to raise interest rates in the coming months. He stated that Japan's real interest rates are negative, making the financial environment very loose. The inflation dynamics seem to support the view that the central bank should reduce its loose policy, as long-term inflation expectations are expected to continue to rise towards 2.0%. He also expects the government to seek fiscal expansion, which could mean higher inflation pressures. UBS expects the Bank of Japan to raise its policy rate by 25 basis points in January, but does not rule out the possibility of a rate hike in December. (FXStreet)

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 the state of Wyoming in the United States has launched a large-scale blockchain test involving 700,000 "Frontier" coins (FRNT) on seven mainstream blockchains, each deploying 100,000 tokens.

according to Whale Alert monitoring, 1500 bitcoins (BTC) (valued at $162,102,569) were transferred from Ceffu to Binance.

Osamu Takashima, chief exchange rate strategist at Citibank, said that Sanae Takahashi claims to be the successor of former Prime Minister Shinzo Abe. However, there are too many differences between 10 years ago and now. Ten years ago, Japan faced pressure from deflation and had a strong exchange rate. However, now Japan is facing issues of inflation and a weak exchange rate. Therefore, the situation is completely opposite to 10 years ago. Especially in terms of the Bank of Japan's monetary policy, I do not think she will pressure the Bank of Japan to refrain from raising interest rates. The issues in the Japanese economy are inflation and a weak yen, both of which are unwelcome among the Japanese people. Therefore, if she exerts political pressure on the Bank of Japan and the yen further depreciates, inflation will worsen. She may lose the support of the Japanese people. For her, this would be an extremely risky game. 

On October 21st, according to 4E observations, Federal Reserve Board member Michael Barr warned that the newly passed GENIUS Act may allow stablecoins to use Bitcoin as a reserve asset, thereby weakening their stability. Barr pointed out that although the Act does not directly support Bitcoin reserves, any exchange medium adopted by foreign governments or considered a qualified asset could potentially make El Salvador's case a loophole.

 according to Cointelegraph, Bitwise claimed that if only 3% to 4% of gold funds were rotated into Bitcoin, it could double the price of Bitcoin from its current level.

 during the Asian trading session, US Treasury yields fell slightly, with the 10-year Treasury yield falling below 4%. Pepperstone analyst Michael Brown stated in a report, "I find it difficult to prove that the two-year (US Treasury yield) will be significantly below 3.50%, and the ten-year (US Treasury yield) will be significantly below 4.00%, because the performance of the United States is better than other countries, inflation continues to rise, and overall risk appetite is positive." He said that without major, potentially unexpected macroeconomic downside risks, the expected room for further increase in US Treasury yields will weaken, especially for long-term bonds. 

the Nikkei 225 index closed up 130.56 points on October 21 (Tuesday), up 0.27% to 49316.06 points. (Jinshi)

 according to on-chain analyst @ai_9684xtpa monitoring, SpaceX transferred $268 million worth of BTC again after three months. Among them, 1187 BTC have been transferred to address bc1qq...4sduw, and 1208 BTC have been transferred to address bc1qj7...6kqef. Currently, both receiving addresses have not been transferred or sold. However, it is worth noting that in July, SpaceX's sudden transfer was marked by Arkham as a Coinbase Prime Custody address, so this may just be wallet management.