Odaily News: The Solana Accelerate China team has announced that due to participation exceeding the originally planned scale, and in order to comply with local event management regulations, the Solana Accelerate Shenzhen event originally scheduled for October 20 will be postponed, with the specific date to be announced later.
Odaily News: Payment technology company Marqeta will expand its partnership with Coinbase to provide enterprises with payment card services backed by customers' stablecoin assets. Coinbase will handle stablecoin custody and digital currency-to-fiat conversion, while Marqeta will manage card issuance and payment processing. Coinbase's Base blockchain will provide on-chain settlement infrastructure. The service targets Marqeta's enterprise clients, spanning both the crypto industry and traditional enterprises. Cardholders can spend stablecoins at millions of merchants worldwide that accept bank card payments, and businesses can fund their payment card programs around the clock. The two parties have not yet disclosed specific fees, an official launch date, or the initial stablecoin types supported.
Odaily News: Nvidia CEO Jensen Huang stated at an event held in Berlin that the current turmoil in the AI market will eventually pass, and artificial intelligence will have a profound impact on all industries and the global economy, with the industry still in its early stages of development.
In response to the recent sell-off in AI chip and infrastructure-related stocks, as well as market concerns about rising financing costs and the sustainability of AI capital expenditure, Huang said that short-term changes in market news will not alter the long-term fundamentals of the AI industry, and that large-scale hardware investment will ultimately pay off and help ease market unease.
Huang emphasized that investors should start from first principles and focus on industry fundamentals and long-term value, rather than short-term market fluctuations.
Odaily News: TD Cowen analysts Lance Vitanza and Jonnathan Navarrete have raised their price target on Bitcoin treasury company Strive (ASST) from $44 to $56, citing the company's Bitcoin purchases over the past two weeks having already exceeded its previous forecast for the entire quarter.
Data shows that Strive's Bitcoin holdings have increased from 28,000 BTC at the end of September to 35,595 BTC, worth approximately $2.9 billion at current prices, ranking fourth among public companies. The company purchased 3,311 BTC and 2,822 BTC on October 13 and 14, respectively.
Additionally, Strive plans to expand its SATS preferred stock offering to 7 million shares at $90 per share, aiming to raise $630 million, with the offering expected to close on October 20. Due to equity dilution from warrant exercises, Strive's stock price fell 6.6% on Friday to $23.96, but remains up over 38% year-to-date. Analysts believe that with the completion of the $27 warrant exercises, the related selling pressure is expected to ease. (The Block)
Odaily News: Political action committees (PACs) associated with the crypto industry have spent more than $52 million in the Ohio Senate race to support Republican incumbent Senator Jon Husted and oppose former Democratic Senator Sherrod Brown.
Among them, Fairshake's affiliated PAC, Defend American Jobs, is the main spender, having invested $46.6 million in media advertising, significantly higher than its previously announced spending plan of $30 million.
It is reported that this PAC mainly receives financial support from Coinbase and Ripple Labs. (Cointelegraph)
Odaily News: Decentralized perpetual contract exchange Deepsigma has launched a real-time simulated trading platform covering 77 traditional financial markets, including U.S. stocks, stock indices, commodities, and U.S. Treasury yields. The platform is built on the Cypherium blockchain and is being advanced by a team of alumni from Goldman Sachs, Citadel Securities, Google, and Uber, supporting long and short exposure trading for the relevant assets.
Deepsigma's perpetual contracts do not tokenize, custody, or physically deliver the underlying assets; instead, they track prices through external market data sources. The platform currently supports contracts on the S&P 500 Index, Dow Jones Industrial Average, Nasdaq Composite Index, Russell 2000 Index, Cboe Volatility Index, as well as crude oil, gold, silver, natural gas, and copper.
The platform's risk engine employs multiple external price sources, mark prices, circuit breakers, partial liquidations, and an insurance fund, and uses a central limit order book and a clearing layer to handle margin, collateral, and settlement. Deepsigma is also developing a zero-knowledge proof-based decentralized identity framework and configuring off-chain AI analytics tools with unfunded execution permissions; the underlying Cypherium adopts a hybrid PoW and HotStuff Byzantine fault-tolerant consensus mechanism and holds 4 U.S. patents. (Bitcoin.com News)
Odaily reports: According to monitoring by CryptoQuant founder Ki Young Ju, ETFs have brought in $58 billion, and Bitcoin treasury companies hold 1.3 million BTC. Even if all these funds and holdings were to exit, the on-chain cost basis still indicates a bottom around $30,000. Reaching $10,000 would imply an MVRV of 0.2, while Bitcoin's worst historical bottom was 0.6; this would require 2019 buyers to panic, but they have already endured two 75% drawdowns.
Odaily News: According to Gate data, Brent crude oil (XBRUSD) has risen above $112/barrel, currently at $112.06/barrel, with a 24-hour gain of 3.6%.
According to Coinglass data, $157 million was liquidated across the entire network over the past 4 hours, with BTC liquidations at $45.9 million and ETH liquidations at $28.05 million. In addition, long positions saw $141 million in liquidations, while short positions saw $16.88 million in liquidations.
Odaily News: According to MSX.COM data, Strategy (MSTR) stock price decline widened to 9.70%, now at $136.55.
On the news front, MSCI plans to adjust its index inclusion criteria, screening out companies whose asset structures are more akin to investment funds through the proportion of operating assets and multiple financial indicators. As Strategy holds a large amount of Bitcoin, it has been listed as a potential candidate for removal, with the final affected list expected to be announced on November 11.
The market is concerned that if Strategy is removed from MSCI-related indices, passive funds tracking the indices may be forced to reduce their MSTR holdings, with potential selling pressure reaching billions of dollars, and impacting the company's strategy of continuously increasing its Bitcoin holdings through equity financing.
Odaily reports that Brian Armstrong posted on X that Coinbase's new matching engine has increased median order response speed by 60x and improved tail latency by 480x. Coinbase Advanced supports trading of cryptocurrencies, stocks, commodities, and forex.
Odaily News: U.S. President Trump delivered his latest remarks: "I know some details about the Russia-Ukraine conflict, and at some point I will disclose them. I want it to end. The Biden administration did a lot of bad things on the Ukraine issue." When asked about inflation, Trump again claimed: "Oil prices will drop soon. Israel has been very helpful to Saudi Arabia, and the Abraham Accords are once again on the agenda for Saudi Arabia." (Jinshi)
According to Odaily monitoring, an address's contract account has accumulated profits exceeding $20 million and opened a BRENTOIL long position worth approximately $10 million between 00:51 and 00:59 on October 17, 2026. As of 01:02, its BRENTOIL long position was valued at approximately $9.985 million.
Address: 0xbf732ea04197942783e34730ed6e0f6099575d58
According to Odaily monitoring, a contract account address with cumulative profits exceeding $20 million closed approximately $14.62 million worth of ETH long positions at 00:41 on October 17, 2026. The address had previously held approximately $14.67 million in ETH long positions, which have now been fully closed, with a closing profit of approximately $469,000.
Address: 0xbf732ea04197942783e34730ed6e0f6099575d58
