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The Bank of Korea has maintained the policy interest rate at 3%, in line with market expectations.Previously, South Korea had raised interest rates in consecutive meetings in July and August.

JPMorgan Chase raised the target price for SpaceX from $240 to $500, maintaining an "Overweight" rating. The bank currently expects SpaceX's revenue to reach $254 billion by 2027, with computing capacity expected to reach 10 gigawatts (GW) by the end of the year, and has more than doubled its related forecasts for 2027 to 2028.JPMorgan Chase also believes that a potential merger between SpaceX and Tesla has strategic significance, but it is still uncertain whether the related deal can be reached.

Grayscale Research Director Zach Pandl stated in "The Stack" published on October 20, 2026: AI computing infrastructure stocks have recently declined due to investors' concerns about rising borrowing costs, while the financing needs of related companies are high. The stock index, which includes AI cloud service providers CoreWeave and Nebius, has fallen by approximately 27% since the end of September, according to data from Bloomberg and Grayscale Investments, based on the Indxx High-Performance Computing Index, as of October 19, 2026.Pandl noted: Most of these companies are in early stages and capital-intensive, with some neocloud capital expenditures being several times their current revenue. The top five holdings in the index have a capital expenditure to sales ratio exceeding 230% over the past 12 months, with data as of October 19, 2026. He believes that while stock prices are correcting, the demand and prices for computing power remain stable, with demand for computing power increasing rather than decreasing.He also anticipates: The decline in token prices and the increase in AI agent usage will lead to higher inference demand, thereby supporting the growth of computing power demand; if demand increases and computing power prices remain high, these companies may benefit. He also mentioned the slowdown in GPU depreciation, as well as the overlap between AI computing power and the Bitcoin mining industry, with the possibility of rising Bitcoin prices. Pandl believes: Higher borrowing costs have suppressed computing infrastructure stocks, but the fundamental trend of rising computing power demand remains valid, and this correction should be seen as an opportunity to increase exposure to the energized compute layer.

According to The Block, investment bank StoneX reiterated its "buy" rating on Galaxy Digital (GLXY) and maintained a target price of $57.The agency believes that Galaxy's current valuation underestimates its AI data center business and does not actually take its digital asset business into account in the valuation. Market concerns are primarily focused on the rising borrowing costs of CoreWeave and the outstanding debt of $35.6 billion as of the end of June.

Matt Cole, the CEO of Bitcoin Treasury Company Strive, stated on the X platform that the long-term trend of currency depreciation will continue to drive the appreciation of scarce assets. Bitcoin, as digital gold, is still in its early stages of development, and as the market matures, its long-term performance is expected to surpass that of gold.Cole pointed out that over the past 55 years, gold has had a compound annual growth rate that exceeded the growth rate of the U.S. M2 money supply during multiple periods. Specifically, since 1970, the rates have been 9% and 6.7%, respectively; since the global financial crisis, they have been 9.5% and 6.3%; and since the COVID-19 pandemic, they have been 18.3% and 6.5%. Cole believes that as the debt crisis continues to worsen, the long-term outperformance of scarce assets relative to the dollar may further expand.For Strive, the key to outperforming Bitcoin lies in maintaining a high Bitcoin exposure multiplier and sufficient liquidity, rather than simply reducing financing costs. He emphasized that establishing and maintaining high Bitcoin exposure while avoiding financial risks is extremely challenging, and the market currently underestimates Strive's competitive advantages in Bitcoin exposure amplification and liquidity management. Its core investment philosophy is to reduce dollar exposure in the long term and increase Bitcoin allocation.

The research director of Galaxy posted on platform X, stating that year-to-date net inflows for Bitcoin ETFs remain positive, reaching 355 million dollars, and turned positive again in September.

Bitdeer released a weekly update on Bitcoin on platform X, stating that as of October 16, its Bitcoin production for the week was 294.2 coins, all of which have been sold, with a net increase of 0 coins. The current Bitcoin holdings are 0 (excluding customer deposits).

Strategy officially stated that the company has conditionally declared a daily dividend for its variable rate A series perpetual preferred stock STRC from November 1 to November 30, 2026, maintaining an annualized regular dividend rate of 12.00%.This arrangement depends on the approval of the daily dividend amendment by Strategy shareholders at the special shareholder meeting on October 28, and the completion and effectiveness of the relevant preferred stock terms revision. If conditions are met, STRC will use each calendar day as the dividend record date starting from November 1, including weekends and U.S. holidays; the corresponding dividend will be paid on the next business day after the applicable record date.This adjustment will change the cash flow rhythm of STRC. The product currently adopts a bi-monthly dividend mechanism, and future holders will receive more frequent, smaller dividend payments; Strategy emphasizes that the adjustment will not change the annualized dividend rate or the total annual dividend amount. If the amendment is not approved, STRC will continue to pay dividends according to the existing semi-monthly rhythm.According to the proposed terms, the 12% rate will cover the entire month of November; thereafter, STRC's applicable dividend rate will be determined monthly, and the company must announce the next month's rate by the 15th of the previous month.

Glassnode and Coinbase Institutional jointly released the Q4 2026 "Charting Crypto" report. The report suggests that Bitcoin has transitioned from a bottoming phase to an initial recovery in Q3, with an overall positive outlook for Q4, although caution is still advised in the short term.The report shows that the net unrealized profit and loss indicator (NUPL) for Bitcoin has returned to the "optimistic/anxious" range, still below the threshold of the "belief/denial" phase. The supply of Bitcoin that has not moved for over a year continues to increase, with long-term holders largely maintaining their positions during the rebound, and the return of new participants has driven a recent rise in active supply. As of the end of September, there is a dense cost area for Bitcoin above the price, which includes the resistance area that previously limited the rise in September, while multiple layers of support are distributed below.

According to on-chain analysis platform Lookonchain, as the market rebounds, the well-known trader Bonk Guy's portfolio has increased by over one million dollars in the past 24 hours.Currently, he ranks first on both the 24-hour leaderboard and the historical overall leaderboard on the social trading platform FOMO.

Affected by geopolitical and supply risk premiums, international oil prices have recently maintained a relatively high level of fluctuation. According to market data from the Gate platform, WTI crude oil (CLUSDT) is currently priced at $93.67, with a 24-hour increase of 2.09%. According to CoinGlass data, the 24-hour contract open interest on the Gate platform for CLUSDT is $131 million, ranking among the top three in the industry; the 24-hour contract trading volume reached $79.01 million, also ranking high in trading activity within the industry.

Six informed sources stated that banking regulators are intensifying efforts to curb the escalating risks associated with artificial intelligence. Some of these individuals pointed out that cyberattacks on banks or uncontrolled intelligent agents could undermine global financial stability.

The unresolved ceasefire between Russia and Ukraine has led to a rebound in crude oil prices, and the market's bets on another interest rate hike before the end of the year are heating up, putting pressure on the gold and silver markets once again. According to CoinGlass data, gold (XAU) is currently priced at $4,183.22, with a 24-hour decline of 0.61%; silver (XAG) is currently priced at $60.25, with a 24-hour decline of 1.42%.During the market fluctuations, the trading volume of related contracts on Gate has continued to rise: the trading volume of Gate silver contracts reached $124 million in 24 hours, ranking second in the industry; the trading volume of Gate gold contracts reached $363 million in 24 hours, firmly holding third place in the industry; meanwhile, the open interest of Gate XAU gold contracts reached $411 million, ranking second in the industry.Gate has pioneered the trading sector for perpetual metal contracts and CFD contracts, covering mainstream metal trading targets such as gold, silver, and platinum, supporting 24/7 trading and USDT settlement. Relying on Gate's innovative unified account system, users can configure diverse assets such as stocks, metals, foreign exchange, indices, and commodities without cross-platform operations, helping users achieve a more flexible and efficient one-stop global asset strategy layout amid volatile markets.

According to Bitcoin Magazine, Lorenzo Valente, the Director of Digital Asset Research at Ark Invest, stated in a video interview with Bitcoin Magazine that despite Bitcoin's lackluster performance and even decline this year, Ark Invest has not changed its long-term view, still considering Bitcoin over a five-year cycle and believing its development is still in the early stages. He also introduced Ark's Big Ideas report and discussed Bitcoin's role as digital gold and a permissionless currency.Valente pointed out that the rise of stablecoins has changed Ark's judgment on the emerging market Bitcoin narrative. He also talked about the rise of tokenized stocks and real-world assets, as well as the functionalities that tokenized stocks can achieve that traditional brokerage accounts cannot.Additionally, he mentioned the impact of rising interest rates, inflation, and AI on Bitcoin's macro outlook, and explored which tokenized business models will ultimately prevail, as well as the possibility of tokenizing U.S. assets for offshore markets.Regarding the market outlook, Valente provided Ark's perspective on Bitcoin's future over the next 12 to 18 months and discussed the four-year cycle and key points to watch moving forward. Ark's Big Ideas report set a Bitcoin price target for 2030, and the reasons why institutional funds are still on the sidelines were also among the topics he discussed.

According to the market report from QCP Group, BTC has shown relatively stable performance one year after the largest single-day liquidation event in October last year. Despite market concerns over the U.S. government's transfer of a large amount of BTC and the hacking of Ledger, the price remains in a range-bound fluctuation. BTC has repeatedly attempted to break through $87,000 without success, but the support at $80,000 below is relatively solid.In the options market, implied volatility remains high, with put option premiums narrowing, and the market overall leans towards waiting for a breakout rather than defensive positioning; if BTC effectively breaks through $87,000, the next target may point to $94,000. Notably, there is a large-scale long position in a 90,000/95,000/100,000 dollar call butterfly option expiring on October 30, which is the largest concentration of positions for the current month-end.This week, the macroeconomic environment will face a key test, with U.S. CPI and PPI data being released successively. Federal Reserve Chairman Warsh will speak at the IMF-World Bank annual meeting. The market is currently pricing in about a 17% probability of a rate hike in October, and the aforementioned data and policy signals may become important triggers for BTC's directional choice.

According to BBX data, last weekend, global U.S. stock-listed treasury and mining companies released their latest accounts regarding asset reserves, reverse mergers, and liquidity management. The core updates are as follows:Evernorth completed its SPAC merger holding 473 million XRP, scheduled to debut on Nasdaq under the code "XRPN" on October 12: The treasury company Evernorth Holdings officially announced the completion of its business combination with the special purpose acquisition company Armada Acquisition Corp. II. At the time of the transaction's closing, the company’s treasury held approximately 473 million XRP and successfully raised about $300 million in total cash proceeds (before transaction costs). The newly merged company's common stock is expected to officially trade on Nasdaq starting October 12, with the ticker symbol "XRPN".Bitdeer (NASDAQ: $BTDR) disclosed the latest weekly mining data, producing 300.6 BTC and fully liquidating: Nasdaq-listed Bitcoin mining company Bitdeer announced its latest Bitcoin holdings data. As of the week ending October 9, its self-operated Bitcoin mining output was 300.6 BTC, and during the same period, it fully sold 300.6 BTC in the secondary market, resulting in a net addition of 0 BTC for the week. The balance sheet continues to implement a liquidity strategy of immediate sales, currently maintaining a zero Bitcoin holding.

According to Polymarket data, the probability of the Federal Reserve raising interest rates by 25 basis points in October has dropped to 17%, while the probability of maintaining the current rate has risen to 84%. The trading volume for the related prediction event has reached 32 million dollars.

CryptoQuant analyst Darkfost stated that after excluding Bitcoin that has not moved for over 10 years, the proportion of BTC supply in profit has remained around 60% since August.The analysis pointed out that from a mid to long-term perspective, most of the current BTC in the market has returned to a profitable state and has not yet reached overheating levels, making continued consolidation around this level a reasonable phenomenon. The analysis believes that tokens that have not moved for over 10 years are deeply profitable and are considered to lack liquidity, with a significant portion likely lost. Excluding these can more accurately reflect the current market situation. The current proportion in profit prompts investors to reassess whether to continue holding or to take profits on positions held for nearly a year or exit with limited losses, with supply and demand dynamics determining the subsequent trend.

The Dubai Virtual Assets Regulatory Authority (VARA) has issued a circular on the audit of reserve assets, clarifying the minimum requirements for independent audits of Virtual Asset Service Providers (VASP). VASP must maintain reserves of no less than 100% of customer liabilities throughout the review period and hold the same virtual assets in a 1:1 ratio, conducting daily reconciliations.The audit scope must cover hot wallets, warm wallets, cold wallets, third-party wallet infrastructure, and third-party custodial assets, and verify customer asset segregation, wallet control, and whether there is any re-staking, lending, or other usage scenarios.