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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.

Bitwise released a report indicating that Bitcoin is currently holding resiliently around $82,000, a price level close to the spot ETF holding cost. Key support levels below include the short-term holder cost price of approximately $74,800 and the real market average of about $77,600. The former can serve as a reference for judging the short-term market direction, while the latter corresponds to the price level at which half of the invested capital in the market is in profit or loss. The price range formed by these two points may become the dividing line between bulls and bears.The trading range for Bitcoin over the past 30 days and 60 days has narrowed to 1.8% and 3.0%, respectively, with the implied volatility at-the-money for each term also approaching the lower end of the distribution range over the past three years. Among them, the 3-month and 6-month implied volatility are at the 0.8 and 0.2 percentiles of historical distribution, indicating that the market's pricing for future volatility has dropped to extremely low levels.So far this week, net inflows into U.S. Bitcoin spot ETFs have reached $1.074 billion, rising in sync with the cumulative trading volume of the spot market, providing support for Bitcoin prices and offsetting some macro pressures. However, realized profits in the market have also increased, particularly among long-term holders. Meanwhile, the net position change indicator for long-term holders is negative, suggesting they may be in a distribution phase, which could be one reason for the ongoing consolidation of Bitcoin prices.

According to Gate market data, U.S. tech stocks plummeted significantly as investors worried that spending in the AI sector may not be sustainable. The Nasdaq fell 2.6% on Thursday, marking the largest single-day drop since June. Meta's stock price dropped 7%, despite revenue growth, as profits did not meet expectations.NVIDIA's CEO stated that AI lacks capital support for the growth of new cloud service providers, causing the Philadelphia Semiconductor Index to crash by 6.7%. Investors turned to the bond market for safety, leading to a decline in U.S. Treasury yields.

According to Gate market data, spot gold has fallen below 4080 USD/ounce, with an intraday decline of 1.50%; spot silver has dropped below 56 USD/ounce, with an intraday decline of 3.40%.

The Hong Kong Hang Seng Index fell 2% to 23178.37 points. MiniMax's decline once reached 6.2%, dropping below the IPO issuance price.

According to The Block, Bitcoin's 28-day volatility has dropped to 1.2%, close to the lowest level since 2026, reflecting that current market trading activity remains sluggish.K33 analysts expect that as the Federal Reserve's interest rate decision next week and the U.S. midterm elections on November 3 approach, Bitcoin market volatility may rise.

BitMEX founder Arthur Hayes posted that the Flop Labs testnet and airdrop are expected to launch in the coming weeks. He specifically reminded that there is currently no FLOP token, and anyone claiming that the FLOP token already exists is a scammer.

The asset management company Bitwise Asset Management and the Hyperliquid Policy Center submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), requesting modifications to the proposed cryptocurrency rules to clarify token classification, airdrops, and secondary market trading rules. The SEC's proposed Regulation Crypto Assets would establish exemptions for eligible cryptocurrency financing and provide a conditional safe harbor for tokens related to investment contracts.Bitwise requested clarification on the standards for investment managers to determine whether tokens are subject to securities laws. The Hyperliquid Policy Center called for an expansion of the safe harbor scope and clarification of the rules for airdrops and token buybacks that reward network participants. The organization also requested that the SEC clarify whether unregistered intermediaries can facilitate token trading and whether tokens can be freely traded through on-chain protocols. Former SEC enforcement official John Reed Stark and Duke University finance scholar Lee Reiners called for the proposal to be withdrawn, arguing that it exceeds the SEC's statutory authority and undermines investor protection. The SEC will decide to amend, adopt, or withdraw the rules after the public comment period ends, and the final rules must be voted on by the commission before taking effect.

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.

The Hyperliquid Policy Center issued a statement urging the U.S. Securities and Exchange Commission (SEC) to exclude airdrops from the definition of securities. The center advocates that the position proposed by the SEC in March 2026 should be written into the rules, stating that free airdrops do not constitute "monetary investment" and therefore do not fall under investment contracts.The center also argues for the extension of the above rules to include announced airdrops, including periodic or regular distributions. Applicable prerequisites include that the network is operational, eligibility is based on usage or contribution, such as trading, validating, providing liquidity, and governance, and that airdrops are not a means of financing.The center believes that investment requires tangible and identifiable consideration, and airdrops are rewards rather than investments. Processes for claiming, such as connecting wallets, signing, paying gas fees, completing KYC/AML, or accepting terms of service, should not be considered as consideration. Furthermore, the rule should be retroactively applicable to past airdrops or cover Hyperliquid's native airdrops.

According to the official announcement, Gate Doge (Trenches) will hold the 67th Hot Coin Competition from October 19, 16:00 to October 22, 16:00 (UTC+8). After registering, users can trade all Robinhood chain tokens in the Doge area to earn chances for a blind box lottery based on their cumulative trading volume, sharing a total airdrop reward of 30,000 USDT.Users who did not register with an invitation code can earn 1 regular blind box lottery chance for every cumulative trade of 200 USDT, while users who registered with an invitation code can earn 1 premium blind box lottery chance for every cumulative trade of 500 USDT. Both types of users can earn a maximum of 12 lottery chances during the event, with a winning rate of 100%.At the same time, the Gate Doge SOL chain peak trading competition will be held from October 19, 18:00 to November 2, 16:00 (UTC+8). Users who register and trade SOL chain tokens in the Doge area can unlock an airdrop prize pool worth up to 50,000 USDT. Once the effective cumulative trading volume of all registered users reaches a certain threshold, the corresponding tier prize pool will be unlocked, based on the highest tier reached at the end of the event.In addition, users with an effective cumulative trading volume of 40,000 USDT can participate in the trading ranking, with the top 100 qualifying users receiving rewards, and the champion can win an airdrop worth up to 10,000 USDT.

According to Bloomberg, Asian semiconductor stocks continued to weaken on Monday. The Bloomberg Asia Chip Index fell more than 2%, reaching its lowest level since July, with TSMC, SK Hynix, and Advantest being the main drags. The Korea Composite Stock Price Index recorded its largest weekly decline since October 2008 last week, dropping more than 3% at one point on Monday before recovering some ground; the Nikkei 225 index fell 2.3% at one point, and the Taiwan Weighted Index dropped 2%.Market concerns stem from two aspects. First, the pressure on financing for AI infrastructure in the United States continues to ferment, with CoreWeave's financing capabilities being questioned and the IPO expectations for Anthropic and Nscale cooling. Second, Chinese AI company DeepSeek released a new model update over the weekend, claiming faster operation speeds and lower resource consumption, raising concerns about the potential decrease in storage capacity required for AI models and the possible impact on chip demand.Kang DaeKwun, CEO of Life Asset Management, stated that the market uncertainty is too high, making it difficult to determine when the Korean stock market will bottom out. Financing for U.S. corporate AI projects is one of the main risks, and the profitability of Korean chip companies still heavily relies on continuous investment in AI infrastructure by U.S. companies. This week, the earnings reports from tech giants like Meta and Tesla will be an important window to observe the growth momentum of AI capital expenditures.

According to The Washington Post, ABC News, and Ipsos joint polling, President Trump's approval rating has dropped to 33%, with a disapproval rating of 66%, among which 52% of respondents expressed strong disapproval of his performance. This approval rating is an 8 percentage point decrease compared to the same period last year and is lower than at any time during his first term.With two weeks to go until the U.S. midterm election voting day, the Republican Party is facing a severe political situation. Polls show that as inflation pressures mount and voter dissatisfaction rises, the Democratic Party's support in the struggle for congressional control is increasing; for the first time in over a decade, the Democratic Party has gained higher voter trust than the Republican Party on economic governance issues.Overall results indicate that American voters have lost confidence in the president, are deeply concerned about Trump's decision to wage war on Iran, and are experiencing the economic impacts of war, particularly the impact of rising gasoline prices on household finances.

According to the official announcement, the 156th Gate contract points airdrop will be open for collection from October 19, 18:00 to 23:59 (UTC+8). This period sets up two points redemption reward pools, with limited rewards available on a first-come, first-served basis.Reward Pool One requires a Gate contract points balance of 120--90 points (decreasing). Users can spend 15 Gate contract points to redeem 0.015 QQQG; Reward Pool Two requires a points balance of no less than 40 points, and spending 20 Gate contract points can redeem a 100 USDT position experience voucher. Rewards are expected to be credited approximately 1 hour after successful collection.

According to CME's "FedWatch" data, the probability of the Federal Reserve maintaining interest rates in October is 84.5%, while the probability of a 25 basis point rate hike is 15.5%.

Analyst Killa posted on platform X, stating that Bitcoin has risen for the past three weekends, followed by a reversal on Monday. When there is greater downward pressure over the weekend, the market typically shows an opposite trend; if Bitcoin rises to a weekly closing, Monday is worth close attention. If it starts to decline over the weekend, a similar situation occurred last time when Bitcoin subsequently rose.

During the IMF meeting in Bangkok, Federal Reserve Chairman Kevin Walsh stated that he would not predict the outcomes of the remaining two interest rate meetings this year and was unwilling to disclose potential actions in advance. He said, "This is a new chapter for the Federal Reserve; we no longer do this." Regarding the recent signals from colleagues indicating "no urgency to raise interest rates this month," he neither explicitly supported nor refuted them. Walsh reiterated that the Federal Reserve will achieve price stability and noted that the global economy has largely aligned with central bank expectations since the interest rate hike in September, while describing the recent actions of various central banks as a synchronized tightening of monetary policy in most regions of the world.In September, the Federal Reserve unanimously raised interest rates by 25 basis points, increasing the target range for the federal funds rate to 3.75% to 4%. At that time, most officials expected at least one more rate hike this year. Despite the core CPI rising by 0.33% month-on-month in September, marking a strong increase for the second consecutive month, and the latest producer price data also being robust, Walsh hardly mentioned this week's inflation report and did not significantly attempt to change market expectations for the October meeting. Reports indicated that during his speech, the dollar weakened, and market bets on an interest rate hike in October dropped from about 30% to around 17%.Additionally, Walsh believes that the U.S. is experiencing significant investment growth and holds an optimistic view on economic resilience and the productivity boost brought by AI, but he warned that the development path will be "very bumpy," and the short-term impact of AI on employment remains unclear. DBS Bank macro strategist Wei Liang Chang stated that Walsh reiterated that artificial intelligence will improve productivity in the medium term, which may help ease inflation expectations and alleviate concerns about the Federal Reserve's consecutive rate hikes. Saxo Markets Chief Investment Strategist Charu Chanana noted that Walsh's refusal to commit to another rate hike led to some bets on Federal Reserve rate hikes falling flat, and related comments did not help the dollar following the release of strong inflation data.