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Cryptocurrency analyst Ali Charts stated that as the U.S. midterm elections on November 3 approach, investors may overlook the recurring phenomenon of Bitcoin pullbacks observed in previous election cycles. He believes that this election may once again be accompanied by significant volatility, and the downside risk is worth noting, with a key focus on the lower price level of $73,000. According to his statistics, during the U.S. midterm election cycles in 2010, 2014, 2018, and 2022, Bitcoin experienced pullbacks of 72%, 65%, 52%, and 27%, respectively.However, he emphasized that correlation does not imply causation; the election itself may not necessarily be the reason for the decline, as these pullbacks are also influenced by the overall market cycle of Bitcoin, liquidity conditions, and investor sentiment. Fourth-quarter returns also exhibit similar characteristics: in 2014, 2018, and 2022, Bitcoin fell by 16.7%, 42.16%, and 14.75% in the fourth quarter, respectively. The only exception was in 2010, when it rose by 391%, but Bitcoin was still in its early development stage at that time. Therefore, in the past four midterm election years, three of those years recorded negative returns in the fourth quarter.Regarding the subsequent trend, Ali Charts indicated that the area around $73,000 is close to the average purchase cost of current short-term Bitcoin holders, which can be used to observe the positions of recent investors entering the market. He pointed out that in an established bull market, Bitcoin often finds support near the cost of short-term holders after experiencing a significant pullback. He believes that if selling pressure accelerates after the election on November 3, pushing Bitcoin back down to around $73,000, that area will become an important position to test whether buyers are still willing to maintain the overall bullish trend. If the price continues to rebound from that area, it will strengthen the bullish judgment; in terms of operations, he will wait for signs of selling pressure exhaustion and renewed demand before considering establishing long positions.

Renowned trader Dr Profit posted on platform X, stating that whenever the price of Bitcoin (BTC) reaches the target range marked on his chart, it is an opportunity to further increase existing long positions.Dr Profit mentioned that he is currently adopting this strategy, believing that this price range should be viewed as a buying opportunity rather than a signal for panic selling.

The National Information Security Vulnerability Sharing Platform (CNVD) released a security announcement titled "Analysis and Repair Suggestions for PHP Remote Code Execution Vulnerability," in which it supports affected users to closely monitor official information, download and update to the latest version through official channels. Users who are temporarily unable to update can take measures to reduce certain attack vectors, mitigate vulnerability threats, and continuously monitor for abnormal PHP process exits, abnormal system command calls, unfamiliar process creations, and abnormal file writes, while retaining logs for traceability analysis.In its protection recommendations, CNVD stated that information system operating units should further strengthen security protection, comprehensively sort out their network assets, and reduce the public exposure of information systems according to the principle of not connecting to the internet unless necessary. Operating units that are currently unable to repair should take temporary response measures such as network isolation, network access restrictions, and taking unnecessary business systems offline.

According to Catcher Predict monitoring, in the market prediction event "Arsenal FC vs. Everton FC - More Markets" on Polymarket, the "Over" option for the sub-market "Everton FC O/U 3.5" has experienced a dramatic fluctuation in win probability, soaring from 11.1% an hour ago to the current 29.25% (a fluctuation of 18.15%). Please note the impact of related breaking news.

Analyst Darkfost pointed out in a post that this week, the spot Bitcoin ETF recorded a net inflow of 5,183 BTC. Although the inflow scale is still moderate, it is still positive.This change has brought the cumulative net flow of the ETF back into positive territory for 2026, after being in a state of net outflow for most of the year. Since January, the cumulative net inflow has reached 10,784 BTC.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0x0622a2...8088 currently holds a long position of 8,841.65 ETH, with a nominal value of 20.9715 million USD.At the time of publication, ETH is quoted at 2,371.90 USD.

According to the "Q3 2026 Report" released by Gate, the platform's institutional business continues to grow, with cross-market trading, asset custody, and professional fund services further expanding.Among them, CrossEx has seen significant improvements in several core indicators, with quarterly trading volume increasing by 63% month-on-month, asset custody increasing by 902% month-on-month, the number of trading users growing by approximately 315% compared to Q2, and the number of fund users increasing by 95%.In terms of products and infrastructure, CrossEx has added mainstream exchanges, Lighter contracts, real stocks, and ETF trading scenarios, and launched features such as RPI Orders and arbitrage opportunity displays. CrossEx Colo services have officially launched, with order placement concurrency and multiple transaction reporting delays optimized by about 50%, and the highest fees for certain trading scenarios reduced by 50%. During the same period, Gate's institutional cumulative borrowing volume increased by 412.02% month-on-month.In addition, the Gate SuperLink ecosystem has added two banking partners, ABN AMRO and Pave Bank, and deepened cooperation with custodians such as Copper and BitGo. OES clients can now access CrossEx, participating in trading across multiple exchanges through a unified margin pool under an isolated custody model, further expanding institutional clients' cross-market asset allocation and trading options.

Bitcoin infrastructure company Blockstream announced the launch of consulting services for financial institutions and established an office in Lugano, Switzerland. This business enables banks, asset management institutions, and others to directly connect with Blockstream's engineering team and Bitcoin infrastructure. Blockstream Consulting Services will assist institutions in assessing, designing, and implementing Bitcoin-based financial infrastructure, as well as developing related solutions such as tokenized asset issuance and confidential settlements, covering areas such as technology strategy, system architecture, integration, and implementation.Blockstream stated that the Lugano office will serve Swiss clients, including those in Zurich, Geneva, and Zug, and will act as its European business hub, supporting client relationships, strategic partnerships, and collaboration with local financial and technology communities. The company's Chief Marketing Officer Peter Bain stated that Switzerland has a long-standing banking tradition and a regulatory framework supporting digital assets, making it an important market for Blockstream; the company aims to provide local expertise in markets where it sees demand for Bitcoin infrastructure, and the consulting business along with the Lugano office will bring customized Bitcoin solutions to European financial institutions.Founded in 2014, Blockstream's business covers Bitcoin custody, settlement, payments, asset issuance, and self-custody, with products including the sidechain Liquid Network, Elements, Simplicity, Core Lightning, Jade hardware wallet, and Blockstream App. The company has launched Simplicity smart contracts on the Liquid network and added Lightning Network support for the Jade hardware wallet. Co-founder and CEO Adam Back stated that the next phase of Bitcoin adoption is to integrate into the existing financial system, and the company's experience in Bitcoin cryptography, protocol development, and engineering can address the related complexities. This announcement did not disclose the pricing of the consulting services, the size of the Lugano office's staff, or the names of clients.

A judge in Argentina dismissed a criminal case against President Javier Milei and 10 others related to the LIBRA token. According to The Defiant, the ruling also involves Milei's sister Karina Milei and Hayden Davis.In addition, a class action lawsuit by New York investors against LIBRA was separately dismissed in September.

According to a report by Forbes on Friday, the Internal Revenue Service (IRS) is preparing to reform its voluntary disclosure program, planning to reduce penalties and expedite the processing of tax violation cases, including those involving cryptocurrency.Jarod Koopman, head of the IRS Criminal Investigation Division, stated that the agency aims to launch the revised program before December and to close cases within 120 days after taxpayers complete the required submission process. He noted that the new plan will not establish a separate disclosure channel for digital assets but will apply the same voluntary disclosure procedures to other forms of tax noncompliance. Koopman also mentioned that the penalties under the revised program will be significantly lower than current levels, although he did not provide specific amounts. The IRS is considering allowing taxpayers to settle debts through installment payments or settlement offers.According to Forbes, the current program often takes a year or longer to complete and primarily targets taxpayers who intentionally fail to comply with tax laws and may face criminal prosecution, rather than those who make reporting errors due to negligence. Meanwhile, legislative efforts are advancing another voluntary disclosure program aimed at cryptocurrency taxpayers. Section 502 of the Digital Asset Taxation Certainty Act will establish a correction process with clear penalty standards for past violations, and the bill was passed by the House Ways and Means Committee in September.

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "Counter-Strike: JiJieHao vs Eternal Fire (BO3) - DraculaN Playoffs", the "Eternal Fire" option in the sub-market "Map 3 Round Spread: Eternal Fire (-3.5) vs JiJieHao (+3.5)" has experienced a dramatic fluctuation in winning probability, soaring from 50% an hour ago to the current 91% (a fluctuation of 41%). Please note the impact of relevant breaking news.

According to Bitcoin Magazine, Franklin Templeton, with assets under management of $1.7 trillion, has completed the final regulatory procedure before listing two ETFs that convert stock dividends into Bitcoin.On October 22, the company submitted Form 8-A to the U.S. Securities and Exchange Commission to register shares of the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF for trading on NASDAQ. The prospectus submitted on the same day indicates an effective date of October 27. These two funds were first filed in June of this year, with codes and fees not disclosed at that time.The stock fund code is FBEQ, which tracks the VettaFi US Large-Cap 500 Bitcoin DRIP Index. This index holds the 500 largest companies in the U.S. by market capitalization, weighted by free float. As of September 30, it actually held 499 stocks, with a concentration in the information technology sector. The fund's initial allocation is 95% stocks and 5% Bitcoin, with regular or special dividends distributed by companies being used to purchase Bitcoin at the opening of the next trading day after the ex-dividend date, increasing the Bitcoin allocation with each dividend payment.During quarterly rebalancing, any Bitcoin allocation exceeding 5% will be reduced to 4.5%; if the Bitcoin allocation exceeds 20% between two rebalancing periods, it will be brought down to 4.5% within two trading days, with the funds flowing back into stocks. The fund does not directly hold on-chain Bitcoin but gains exposure through Bitcoin exchange-traded products (including its own spot fund), futures and options, or depository receipts, with some achieved through a subsidiary in the Cayman Islands. The FBEQ fee is 0.09%, with no 12b-1 fees, managed by Franklin Advisory Services, and Franklin Templeton Institutional serves as a sub-advisor. The innovation fund employs the same mechanism, tracking the VettaFi US Innovation 100 Bitcoin DRIP Index, with components from the 100 largest non-financial companies listed on NASDAQ.Franklin Templeton had previously filed for a spot Bitcoin ETF in September 2023 and launched it in January 2024 under the code EZBC; in April of this year, it acquired 250 Digital and established an institutional digital asset department, Franklin Crypto. These two DRIP funds extend the strategy to investors who will not purchase Bitcoin on their own.

Analyst Darkfost stated that the largest Bitcoin UTXO spending activity since 2026 has occurred on-chain, with a single UTXO valued at over 1 million dollars accumulating a total spending amount of over 21 billion dollars, involving more than 230,000 BTC. The related operations are likely from the same entity.Most of these UTXOs had been dormant for 1 to 6 months, and about 4.6 billion dollars came from long-term holders (LTH) who had held for 1 to 3 years. Darkfost pointed out that these Bitcoins may primarily be transferred between different addresses, and there are currently no obvious signs of flowing to exchanges, so it cannot be concluded that there is a large-scale sell-off. If the destruction of the related UTXOs corresponds to realized profits or losses, the on-chain realized profit and loss indicators may show significant changes.

Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, stated in an interview with Bitcoin Magazine that Bitcoin "could easily drop another zero," meaning it could fall back to $10,000 from current levels. He was one of the few analysts on Wall Street who was bullish on Bitcoin reaching $100,000 but has now turned bearish.McGlone mentioned that the launch of Bitcoin ETFs actually marks the end of this trading cycle, as Bitcoin has turned into a high beta "stock puppet" with no independent advantages, highly correlated with the stock market. He also noted that the market has priced in three interest rate hikes by the Federal Reserve, which poses headwinds for major assets including Bitcoin, gold, and copper.The interview also covered topics such as the energy shock in the Middle East, the U.S. midterm elections, the situation between Russia and Ukraine and diesel exports, stablecoins and the GENIUS Act, Tether's layout in Hong Kong, and asset tokenization. McGlone indicated that U.S. Treasuries are his important trading direction moving forward.

The official announcement from the Chicago Mercantile Exchange reported that the business data for the third quarter of 2026 showed revenue reaching 1.737 billion USD, a year-on-year increase of approximately 13%, setting a new record for the third quarter; net profit was about 1 billion USD.During the same period, the average daily trading volume of all CME products reached 29.4 million contracts, with the average daily trading volume of cryptocurrency derivatives at approximately 196,000 contracts, and the nominal trading volume for the quarter was about 469.5 billion USD. Among them, the nominal trading volume for Bitcoin and Ethereum derivatives was 326.7 billion USD and 118.8 billion USD, respectively.

On October 23, the Central Cybersecurity and Informatization Commission issued the "National Informatization 14th Five-Year Plan." The plan proposes that by 2030, significant progress will be made in our country's informatization, with its role in promoting Chinese-style modernization becoming more prominent. The information infrastructure will consolidate and expand its leading advantages, a three-dimensional network system encompassing land, sea, air, and space will be basically formed, a new generation of communication networks will be fully established, the commercial use of the sixth generation of mobile communication (6G) will be launched in a timely manner, and the national blockchain network will be basically established, with intelligent internet development accelerating.The plan also states that the innovation capability of cybersecurity technology will be significantly enhanced, the technological innovation system will be more complete, and breakthroughs will be achieved in key core technologies in key areas. The cybersecurity industry ecosystem will prosper and develop, with deep integration of digital technology and the real economy, and the comprehensive strength of cybersecurity enterprises will be significantly enhanced. The level of digital, networked, and intelligent applications in economic and social development will reach a new level, empowering economic and social development and significantly improving governance capabilities. Cybersecurity guarantees will be solid and powerful, the legal and regulatory standards system will be more complete, and the concept of a community with a shared future in cyberspace will be deeply rooted in people's hearts.

CryptoQuant analyst Axel Adler Jr. stated that since September 22, Bitcoin has continued to show a net outflow from exchanges, with the current 30-day average net outflow being about 1,500 BTC per day, a significant decrease from approximately 3,000 BTC a week ago.However, this decline is mainly due to the large outflow data from September 22 exiting the 30-day statistical window, rather than any recent large-scale capital inflow back to exchanges.

CryptoQuant analyst Darkfost stated that due to the ongoing tensions in the Gulf region and Ukraine's increased attacks on Russian refineries, Brent crude oil prices remain above $100 per barrel. The rise in oil prices is transmitting through the global economy, pushing up production, service, and commodity costs, further permeating inflationary pressures into the economic system, and potentially increasing the risk of economic slowdown, thereby limiting market liquidity, especially for funds flowing into high-risk assets like Bitcoin.Darkfost pointed out that from a long-term trend perspective, when Brent crude oil remains above the annual average and enters a strong upward trend, BTC tends to show slower performance; conversely, when oil prices drop significantly, BTC is more likely to experience a recovery. However, he emphasized that this does not mean there is a simple direct causal relationship between oil prices and BTC; what truly affects risk assets is the macroeconomic environment accompanying high oil prices. In July of this year, oil prices briefly retreated, providing BTC with an opportunity to rise, but Brent crude has since rebounded significantly. Although funds may still rotate between different markets, driving BTC to continue its upward trend, the current macro environment is not conducive to sustained new liquidity flowing into the market.

a16z Frontier founding partner Chris Dixon stated that early Web2 platforms were built on fragile tacit agreements: independent creators, bloggers, news media, and community volunteers contributed high-quality content for free, while platforms provided traffic distribution, audience accumulation, and commercial revenue opportunities.He pointed out that after forming a monopoly through network effects, platforms continuously tightened algorithms, forcing creators to pay for traffic. With the advent of the generative AI era, large model companies collect long-accumulated content from the entire internet through crawlers and directly provide answers in search and Q&A interfaces, no longer diverting traffic to the original websites, thus severing the economic cycle of independent creators.Dixon believes that if this trend continues, high-quality original content may be depleted, and the internet could be flooded with low-quality machine-generated content. He proposed that verifiable data ownership could be established through blockchain protocols, allowing data calls, reasoning, and training to be traceable and automatically receive economic returns. Reshaping this contract is one of the important missions of the Frontier fund.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0x7fdafd...17d1 currently holds a short position of 22,577.74 ETH, with a nominal value of 54.3514 million USD; at the same time, it holds a short position of 574.29 BTC, with a nominal value of 47.0081 million USD.At the time of publication, ETH is quoted at 2,407.30 USD, and BTC is quoted at 81,854 USD.