According to on-chain analyst Yu Jin, a whale/institutional investor purchased 379.2 BTC (approximately $45.57 million) at an average price of $120,151 a week ago. Following the price drop, they purchased another 187.5 BTC today for 19.77 million USDC at a transaction price of $105,410. This total investment of $65.34 million for 566.9 BTC at an average price of $115,260 results in a floating loss of approximately $5.37 million at current prices.

According to a report by PANews on October 17th, according to Yu Jin, a whale/institution purchased 379.2 BTC (approximately $45.57 million) at an average price of $120,151 a week ago. Following the price drop, they purchased another 187.5 BTC today for 19.77 million USDC at a transaction price of $105,410. This total investment of $65.34 million to purchase 566.9 BTC at an average price of $115,260 results in a floating loss of approximately $5.37 million at current prices.

Odaily Planet Daily News: Spot gold fell below $4,250/ounce, down 1.76% on the day; New York gold futures fell 1% on the day, currently at $4,260.98/ounce;

Spot silver fell below $51/ounce, down 3.94% on the day; New York silver futures fell 5% on the day and are now at $50.63/ounce.

According to Odaily Planet Daily, Cango posted on the X platform that mining produced 133.9 BTC this week, and the total Bitcoin holdings increased to 6119.3.

PANews reported on October 17 that according to Bitcoin Archive, the well-known YouTuber MrBeast (with over 445 million subscribers) has submitted a trademark application, intending to provide Bitcoin and cryptocurrency-related services through his startup "MrBeast Financial".

According to an official announcement from Odaily Planet Daily, Bitget has launched U-margined ZBT perpetual contracts, offering leverage ranging from 1x to 20x. Contract trading will also be available through BOT. Participants can also participate in the CandyBomb event, with a total prize pool of 100,000 ZBT. The event runs until 21:30 (UTC+8) on October 24th.

PANews reported on October 17th that spot gold prices fell $56 in the short term, dropping back below $4,270 per ounce, a 1.33% daily loss. Platinum prices also dropped over 5% to $1,617.82 per ounce. New York silver futures dipped to $51 per ounce, a 4.33% daily drop.

According to Odaily's OKX market data, BTC rebounded above 106,000 USDT and is now trading at 106,005.7 USDT, narrowing its 24-hour decline to 4.88%. (This newsletter was generated with AI assistance.)

Coingecko released the top ten projects with the highest token buyback spending in 2025:

HYPE – $644.6 million

ZRO – $150 million

PUMP – $138.2 million

RAY – $100.4 million

SKY – $78.8 million

JUP – $57.9 million

ENA – $40.7 million

RLB – $27.9 million

BONK – $27.3 million

AAVE – $23.6 million

According to Odaily's OKX market data, ETH rebounded above 3800 USDT, currently trading at 3800.03 USDT, narrowing its 24-hour decline to 6.25%. (This newsletter was generated with AI assistance.)

According to data from msx.com, at the opening of the US stock market, the Dow Jones Industrial Average rose 0.05%, the S&P 500 fell 0.18%, and the Nasdaq fell 0.38%. The crypto sector saw mixed gains and losses, with Bitmine (NASDAQ:BMNR) down 1.86%, Circle (NYSE:CRCL) down 2.16%, Coinbase down 3.13%, and Strategy down 0.89%.

It is reported that msx.com is a decentralized RWA trading platform that has launched hundreds of RWA tokens, covering US stocks and ETF token targets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

According to on-chain analyst Ai, an unknown hacker has lost more than $8.617 million by buying high and selling low on ETH since October. After panic selling 8,637 ETH on October 11 and losing $5.37 million, he sold another 7,817 ETH at an average price of 3,733 USDT during the decline today, losing $3.247 million (cost 4,148 USDT.95). One hour after the sale, he recovered 2,815 ETH at a price of 3,783 USDT.

PANews reported on October 17th that BitMEX co-founder Arthur Hayes wrote on X that Bitcoin is currently "on sale," and warned that if regional bank turmoil in the United States escalates into a systemic crisis, the government may implement financial bailout measures similar to those in 2023. He stated that he is ready to "buy on the dip" after the bailout and encouraged investors to consider crypto market opportunities if they have idle funds.

PANews reported on October 17th that initial jobless claims in the United States declined last week, based on analysis of unadjusted state-level claims data released during the US government shutdown. A Bloomberg analysis of the data indicates that initial claims were approximately 215,000 for the week ending October 11, down from an estimate of 234,000 the previous week. While the US Department of Labor has not released a weekly unemployment report since September 25th due to the government shutdown, it still provides downloadable data for most states. This estimate uses the Bureau of Labor Statistics' weekly seasonal adjustment coefficients, which are released in advance. This method closely matches the official seasonally adjusted data when data from all states is available. However, since the latest weekly data for Arizona, Massachusetts, Nevada, and Tennessee are missing, the average of the previous four weeks is used instead. Continuing claims rose slightly to 1.93 million in the week ending October 4th, higher than the 1.92 million estimated the previous week.

According to Odaily Planet Daily, BitMEX co-founder Arthur Hayes posted on the X platform, suggesting buying on dips. He said: "Bitcoin prices are falling. If the turmoil in the US banking industry escalates into a crisis, then be prepared for a bailout plan similar to the 2023 one. And then, assuming you have spare money, go buy it. I've made a list of things to buy. What's on your list?"

According to Odaily Planet Daily, the number of initial unemployment claims in the United States fell last week, based on an analysis of unadjusted state-level claims data released during the US government shutdown. Bloomberg's analysis of the data shows that initial claims were approximately 215,000 in the week ending October 11, lower than the 234,000 estimated for the previous week. Due to the government shutdown, the US Department of Labor has not released a weekly unemployment report since September 25, but it still provides downloadable data for most states. This estimate uses the weekly seasonal adjustment coefficients pre-announced by the Bureau of Labor Statistics to correct the original data. When data from all states is complete, this method is highly consistent with the official seasonally adjusted data. However, the latest weekly data for Arizona, Massachusetts, Nevada, and Tennessee is missing and is replaced by the average of the previous four weeks. Calculations show that continuing claims rose slightly to 1.93 million in the week ending October 4, higher than the 1.92 million estimated for the previous week. (Jinshi)

According to information disclosed by the USPTO, YouTube blogger MrBeast has submitted a trademark application for "MrBeast Financial" to the US Patent and Trademark Office, planning to register a company to provide cryptocurrency trading, crypto payment processing and other services.

Odaily Planet Daily News: XT has launched $ANOME (Anome) in the Innovation Zone (MEMEs).

Recharge time: Opened

Trading time: October 17, 2025, 20:00 (UTC+8)

Withdrawal time: October 18, 2025, 20:00 (UTC+8)

According to Odaily Planet Daily, the Layer 2 project MegaETH announced the repurchase of approximately 4.75% of its equity and token warrants from early investors. This move reportedly occurred before the launch of the MegaETH mainnet and tokens, which are expected to go live later this year. The terms of the transaction (including the total size, financing details, and valuation) have not been disclosed. (The Block)

PANews reported on October 17 that according to Zoomer, the Layer2 project MegaETH announced that it would repurchase approximately 4.75% of the token supply from early investors to optimize the token distribution structure and prepare for the upcoming initial coin offering (ICO).