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According to the New York Post, Brad Gerstner, founder and CEO of investment firm Altimeter Capital and promoter of the Trump account plan, stated that he is pushing to expand the scope of the plan from those under 18 to those under 40. Related legislation may advance in the coming months and seeks to make the funding support mechanism permanent.Gerstner expects that by the end of 2027, private donations received by the plan could total $100 billion, and Musk's commitment to donate SpaceX stock to American children is just "the tip of the iceberg." Bloomberg ETF analyst Eric Balchunas estimated while relaying the report that the expansion could additionally cover about 100 million people. Currently, the expansion remains a legislative proposal in progress and is not an enacted policy.

According to on-chain analysts' monitoring, a certain address withdrew 3,000 ETH from Gemini nine years ago, valued at $56,400 at that time, with an acquisition cost as low as $18.82.The address has held the assets for many years, until it began to gradually deposit to exchanges starting in August 2025, with the last deposit of 1,000 ETH made 9 hours ago, at an average deposit price of $2,874.17. If sold, it would yield a profit of $8.566 million, with a return rate of 151.7 times.

J.P. Morgan Asset Management has first included Bitcoin in its long-term capital market expectations, forecasting an annualized return of about 10% for Bitcoin over the next decade, which is expected to outperform stocks, bonds, and gold. However, this prediction also assumes that Bitcoin's annualized volatility could reach as high as 55%, more than three times that of U.S. large-cap stocks.J.P. Morgan believes that the gradual improvement of the regulatory framework, along with the continuous enhancement of market liquidity and price discovery mechanisms, may further promote Bitcoin's recognition in traditional financial markets. Looking ahead to the next decade, technological innovations in fields such as artificial intelligence, robotics, healthcare, and space, as well as a global capital expenditure growth of approximately $15 trillion, are also expected to drive economic growth and asset returns. Analysts point out that the correlation between Bitcoin and other assets is unstable, making it currently unsuitable as a diversification asset in balanced investment portfolios; therefore, the institution has not yet included it in its main investment portfolio model. If Bitcoin's volatility continues to decline in the future and its correlation with other assets stabilizes, its portfolio allocation value is expected to increase.

According to Gate market data, Nasdaq futures rose 1% in early trading on Wednesday, boosted by SpaceX's earnings report and news of a merger with Tesla, which lifted the after-hours performance of U.S. tech stocks.

SpaceX's Chief Operating Officer stated that since the beginning of the year, the Starlink aviation business capacity has increased to four times its original capacity.

Elon Musk predicts that in the next 3 to 5 years, AI entities will drive a 1,000-fold increase in bandwidth demand.

According to Catcher Predict monitoring, in the Polymarket prediction market for the event "Dota 2: Lynx vs Power Rangers," the sub-market "Day Ends" option's win rate has experienced significant fluctuations, soaring from 50% an hour ago to the current 91% (a fluctuation of 41%). Please note the impact of relevant breaking news.

According to Lookonchain monitoring, a new address has faced 5 liquidations in the past hour, accumulating a loss of 1.11 million dollars in 2 days.

JPMorgan Chase CEO Jamie Dimon stated in an exclusive interview with The Wall Street Journal that the current state of the U.S. economy is strong, with significant growth in corporate profits, a low unemployment rate, and overall low leverage for businesses and consumers. He described this as a good time. Dimon also pointed out that several potential risks are accumulating beneath the surface, including persistent inflation that has lasted for five years, large fiscal deficits, and geopolitical uncertainties such as overseas wars.He emphasized that predicting the specific timing and triggers of an economic downturn is extremely difficult, as the eventual recession is often caused by a combination of factors that cannot be accurately assessed at present. When discussing how banks should respond, Dimon stated that JPMorgan Chase conducts extremely in-depth analyses of various risks to ensure that the bank can withstand shocks whether interest rates rise or fall, and whether inflation or stagflation occurs, while continuing to serve clients during difficult times. He mentioned that the bank is prepared for extreme scenarios such as a 40% drop in the stock market and a two to three times widening of bond credit spreads, rather than trying to guess when these scenarios will happen. The core principle is to be well-prepared to continuously support businesses and communities in various environments.

According to the official announcement, the Gate Idle Money Treasure × Yu Bi Bao second phase interest rate increase activity is ongoing. This phase of the activity covers USDT current financial products, and users who meet the specified net recharge conditions can receive additional interest rate rewards.In the Idle Money Treasure activity, users who accumulate net recharges of BTC, ETH, and USDT to reach the specified threshold during the activity period and activate Idle Money Treasure can receive additional interest on top of the basic earnings. Specifically, if the cumulative net recharge reaches 10,000 USDT, users can enjoy an additional 1% interest rate, resulting in a comprehensive annualized yield of 4%; if it reaches 50,000 USDT, users can enjoy an additional 2% interest rate, resulting in a comprehensive annualized yield of 5%. The upper limit for the principal eligible for interest rate increases in both tiers is 50,000 USDT.The Yu Bi Bao activity is open to VIP 2 to VIP 14 users. If the cumulative net recharge of USDT reaches 100,000 USDT and users subscribe to a 7-day fixed-term financial product in USDT, they can enjoy an additional 7.3% interest rate on top of the 3.7% basic annualized yield, resulting in a comprehensive annualized yield of 11%. The upper limit for the principal eligible for interest rate increases is 100,000 USDT. Users must continuously meet the net recharge requirements during the subscription and the order's duration to receive the additional interest rate rewards.

Robinhood CEO Vlad Tenev follows the meme coin Giga Tenev's X account, which may have influenced this. According to GMGN market data, GIGATENEV briefly surged 17 times, with a current market value of 5.26 million dollars.It should be noted that this token was not issued through mainstream platforms. Previous analyses indicated that most tokens were purchased by newly created wallets, and there is also a possibility that Vlad Tenev's account may have been compromised. Therefore, the related tokens may carry significant risks, and users should invest cautiously.

According to the Ethereum Foundation's announcement on October 16, the Glamsterdam upgrade is scheduled to activate on October 26 at 17:42:48 (UTC), which is 01:42:48 on October 27 Beijing time, on the Hoodi testnet; at that time, the block Gas limit on Hoodi will also be increased to 200 million.This upgrade includes the embedded proposer and builder separation, block-level access lists, and Gas billing adjustments. The Sepolia testnet was activated on October 6, and the upgrade date for the Ethereum mainnet has not yet been determined. Node operators need to update the execution layer and consensus layer clients before the Hoodi activation.

According to Bitcoin Magazine, Richard Byworth previously worked at Syz Capital, focusing his career on hedge fund structure design. In an interview with Bitcoin Magazine, he stated that the next round of Bitcoin's rise is just a matter of time.He pointed out that, based on data from on-chain analysis platforms like Glassnode, the current level of seller exhaustion has reached a historical high. Although the market does not exhibit an extreme bearish atmosphere, multiple on-chain indicators show that Bitcoin is strongly building a bottom. He mentioned that Bitcoin has been trading in the range just above $80,000 in recent weeks, and he believed that $58,000 was a bottom.Byworth also discussed Bitcoin yield strategies. He warned that using a covered call strategy during a bullish market could lead to significant losses of Bitcoin for investors, and advocated for earning low-volatility, market-neutral returns through basis trading collateralized by Bitcoin. He noted that Strive had bought three times the weekly issuance of Bitcoin in a single transaction within a week, believing that the next round of rise is just a matter of time.Regarding Bitcoin treasury companies, Byworth stated that the digital credit products designed by Saylor are putting pressure on the traditional bond market, as the yield on 10-year U.S. Treasuries is around 5.1% to 5.2%, and investors will see their returns eroded by the faster pace of currency depreciation. He mentioned followers like Strive and Metaplanet, and believes that Bitcoin could break its historical high again before the end of the year, and reaching $350,000 in about a year is not entirely impossible.

MiniMax announced that M3.1 Flash has officially been released, and the earlier version, Space Bunny, which topped global rankings and processed over 200T tokens, is its predecessor.M3.1 Flash achieved scores of 62% on Automation-Bench, 30% on ALE, 74% on DeepSWE, and 91% on BabyVision in tasks such as Cowork, Coding, and Visual Reasoning.

According to Lookonchain monitoring, a new wallet (0xb15b) has encountered multiple liquidations in the past 10 hours, with a total of 8,163 ETH liquidated, worth 19.78 million USD.

According to the Financial Times, U.S. stocks are expected to open higher on Monday. Previously, U.S. stocks had just experienced the largest weekly decline since President Trump announced the tariff policy in April last year. During the Asian trading session, the Nasdaq 100 index futures, which are dominated by technology stocks, rose by 1.3%, and the S&P 500 index futures rose by 0.8%.Analysts pointed out that after Friday's sell-off due to market concerns over the widening credit spreads of companies related to artificial intelligence data centers, investors are reassessing the market situation. Eased sentiment also supported the Asian markets, with South Korea's KOSPI rising 0.5% on Monday after a decline of 11% last week.Prashant Bhayani, Chief Investment Officer for Asia at Societe Generale, stated that the rebound occurred because there was no substantial escalation in the conflict in Iran over the weekend; after last week's de-risking, traders are taking a wait-and-see approach to AI-related trades. The Tokyo Stock Exchange index fell nearly 1% in early trading on Monday but rebounded in the afternoon, ending the day roughly flat, with the Nikkei 225 down 0.7%.

A trader holds 1205.30865 Bitcoin long positions on the decentralized perpetual contract trading platform Hyperliquid, with a nominal value of approximately 97.87 million USD, using 40x isolated leverage. The average opening price of this position is 81913.8 USD, and the estimated liquidation price is 79828 USD.As of the Bitstamp quote of 81117 USD, this price is 1.59% higher than the liquidation price of the position. The unrealized loss for this position is approximately 866.5 thousand USD, with funding fee expenses of about 87 thousand USD, and the available margin has dropped to zero. The account has accumulated a loss of approximately 9.7793 million USD over the past 7 days, with a maximum drawdown of 78.77%. It has recorded a total of 3763 trades, with a win rate of 16.67%, and currently holds a 100% exposure in Bitcoin long positions, with no short positions.

Elon Musk stated that the usage of the X platform is at an all-time high.