According to Odaily Planet Daily, Justin Sun, advisor to Huobi HTX and Sun Wukong (SunPerp), announced at X that both exchanges will each launch a trial bonus program worth up to $100 million to support crypto users who suffered losses during recent black swan events. Eligibility for the trial bonus is not restricted by platform or blockchain network; all users will have the opportunity to receive the bonus, ranging from 5 USDT to 10,000 USDT, based on their losses. Detailed redemption methods and rules will be announced soon on the official Huobi HTX and Sun Wukong information channels.

According to Odaily Planet Daily, U.S. Treasury Secretary Benson said the next round of interviews for the Federal Reserve chairman will be scheduled after his trip to Asia. After this round, three or four Fed chair candidates will enter President Trump's field of vision. The only criterion for a Fed chair is an "open mind." (Jinshi)

Odaily Planet Daily reports that Bank of America's CFO expects the Federal Reserve to cut interest rates twice more this year. (Jinshi)

According to monitoring by on-chain analyst Aunt Ai, a mysterious new address opened a $140 million short position, and BTC has fallen below $112,000. The current floating profit is $1.298 million. The address currently has $34.8 million in funds in the perp account, with a margin utilization rate of 79.43%.

According to Odaily Planet Daily, research and brokerage firm K 33 stated that the crypto market has entered a healthier phase after a sharp round of deleveraging last week. Vetle Lunde, the firm's head of research, called this market reset "constructively bullish," arguing that the excess leverage accumulated over months has been removed, laying the foundation for a market upturn. "The structural impact of this deleveraging means that liquidity is likely to remain subdued as market participants recover from forced selling. Historically, such deleveraging phases have led to short-term stagnation and cautious trading, but they also tend to mark a point of market exhaustion, creating fertile ground for a long-term recovery once markets stabilize." (The Block)

Ripple has announced a partnership with Absa Bank, one of South Africa's largest financial institutions, to provide digital asset custody services to its clients. This marks Ripple's first major custody partnership in Africa, with Absa Bank managing 2.07 trillion South African rand (approximately $119.5 billion). (Cointelegraph)

Odaily Planet Daily reported that Xiao Cheng, a member of the Development Strategy Professional Committee of the China Futures Association, wrote an article entitled "A Preliminary Exploration of Using Stablecoins to Promote the Internationalization of the Futures Market", in which he pointed out that stablecoins will bring profound changes to cross-border payments in China's futures market. Relying on blockchain technology can maximize the expansion of the clearing platform and improve clearing efficiency, realizing point-to-point direct payment and clearing between payers and payees.

Xiao Cheng pointed out that stablecoins present a significant opportunity to enhance the global influence of Chinese futures and derivatives. They are a crucial vehicle for achieving efficient and secure cross-border settlement in the internationalization of China's futures market. He suggested leveraging the geographical advantages of the Guangzhou Futures Exchange, the Guangzhou Nansha Free Trade Zone, and Hong Kong, and combining the new energy products already launched and to be launched by the Guangzhou Futures Exchange, to conduct a pilot program for RMB stablecoins in the Nansha Free Trade Zone. He also suggested expediting the issuance of management rules for trading specific futures and derivatives products based on RMB stablecoins. Furthermore, he suggested promoting pilot programs for on-chain transactions and actively exploring the feasibility of integrating stablecoins with commodity asset structures. (Zijing.com)

According to Odaily Planet Daily, Gate Exchange's Gate Fun launch platform announced on the X platform that GCAT won the Gate Fun cat-themed event and was qualified for "free spot trading after meeting subsequent requirements."

According to Odaily Planet Daily, U.S. Treasury Secretary Benson said the only factor dragging down the U.S. economy is the government shutdown. The U.S. investment boom is sustainable and has only just begun. There is pent-up demand, and the U.S. is opening its doors to business, and the artificial intelligence boom is just beginning. (Jinshi)

According to an official announcement from Odaily Planet Daily, Bitget has launched U-margined YB and CLO perpetual contracts, with maximum leverage of 25x and 50x, respectively. Contract trading (BOT) will also be available simultaneously.

In addition, participants can participate in CandyBomb and complete specific contract trading volume tasks to earn up to 166 YB per person, with a total prize pool of 25,000 YB. The event ends at 7:00 PM (UTC+8) on October 22nd.

According to Odaily Planet Daily, He Yi wrote on the X platform: "If you have an excellent project, the right way to enter Alpha is not to actively pursue a token listing. You will find that acquiring seed users and bringing new products to market are actually the best ways. Although many projects apply for Alpha, those that ultimately stand out are often those with solid product infrastructure."

According to an official announcement from Odaily Planet Daily, Gate will launch ZEROBASE (ZBT) spot trading at 21:00 (UTC+8) on October 17.

According to Odaily Planet Daily, Donald Trump Jr., the social media company invested in by Trump's eldest son and holding cryptocurrency reserves, Thumzup Media Corporation, announced that it is actively exploring and developing the integration of Dogecoin (DOGE) as an alternative payment mechanism for users of its Thumzup app. Introducing Dogecoin as a reward option will enable Thumzup to bypass traditional banking, reduce transaction costs, and achieve near-instant settlement of small cross-border payments. (PRNewswire)

According to Odaily Planet Daily, Ethereum treasury company ETHZilla announced on the X platform that it will officially implement a 10-for-1 stock consolidation plan at 12:01 AM ET on October 20, 2025. The adjusted stock will begin trading at the market open on the same day. Upon completion of the consolidation, every 10 shares of ETHZ will be consolidated into one. The total outstanding shares will decrease from approximately 160 million to 16 million, but the stock symbol (ETHZ) and net asset value fundamentals will remain unchanged. The consolidation is reportedly intended to push the stock price above the $10 threshold, thereby meeting institutional investor requirements for qualified collateral and margin trading.

According to Odaily Planet Daily, South Korean listed company Parataxis Holdings announced that it increased its Bitcoin holdings during the September market correction, bringing its total Bitcoin holdings to over 150. Furthermore, the company plans to acquire 1,150 ASIC mining machines and establish a vertically integrated BTC revenue platform. (Businesswire)

According to Odaily Planet Daily, the UK Electoral Commission is planning to update its guidelines on cryptocurrency political donations. This move follows reports that the Reform UK party received the UK's first cryptocurrency political donation. Under UK electoral law, donations exceeding £11,180 (approximately $14,905) must be reported to the electoral regulator. Reform UK leader Nigel Farage has recently actively sought support from the cryptocurrency industry, promising to reduce capital gains tax on crypto assets from 24% to 10%, and declaring himself a "champion" of the UK crypto industry at the London Digital Asset Summit. (Decrypt)