Odaily reports that according to official Bitget data, the sixth batch of rewards under the platform's "Peer Program" has been fully distributed, with cumulative rewards totaling 6,182,523 USDT and a cumulative total of 4,515,913 recipients.

In addition, after users visit the event page to claim their rewards, they can also receive an extra chance to draw an 8th anniversary surprise mystery box. The event will continue until October 26.

Odaily Report: Bulgarian bank Postbank plans to launch investment features for stocks, ETFs, crypto assets, commodities, and metals on its mobile banking app in early 2027, with the service to be provided through a partnership with an international investment platform. Previously, Bulgaria's First Investment Bank (Fibank) also announced plans to offer cryptocurrency investment services through its mobile banking app in early 2027, in partnership with Austrian digital asset platform Bitpanda. According to the latest data from the Bulgarian National Bank, as of the end of June, Postbank was the fourth-largest bank in Bulgaria by assets.

1. Spot Bitcoin ETFs recorded total net outflows of $82.3893 million yesterday, with Fidelity's FBTC leading with net outflows of $10.609 million;

2. Spot Ethereum ETFs recorded total net outflows of $69.6827 million yesterday, marking 3 consecutive days of net outflows;

3. Jump Trading and DRW are moving into the AI compute derivatives market, planning to provide market-making services for compute futures on exchanges such as CME;

4. CZ responds to mass deletion of old tweets: only testing AI tools to clean up reposted content, no original posts were deleted;

5. Anthropic lobbies US Congress to advance AI safety legislation, proposing thresholds for government intervention to halt models at over $1 billion in losses or 50 casualties;

6. Bitcoin holdings remain at 0, Bitdeer sold 294.2 BTC this week;

7. Strategy's risk of being removed from MSCI may already be priced in; net mNAV falling below 1 could present an investment opportunity;

8. Strategic reserves reach 7,807 BTC, El Salvador purchases 1 more Bitcoin;

9. Nvidia CEO: AI market turbulence will eventually pass, large-scale hardware investment will ultimately generate returns;

10. "White Hair Stock God" Serenity: Long-term demand prospects for memory chips are clear, but the market remains concerned about the sustainability of AI investment and financing risks;

11. Gemini's $5 million settlement agreement rejected for revocation, paid fines and permanent injunction upheld.

Odaily reports: According to BitBank, BitBank has launched the BitPay payment card and the BitSIM communications card, aiming to use them as dual-core entry points to integrate digital identity, global payments, mobile communications, and blockchain finance, promote the transition of digital assets into real consumption scenarios, and build a global Web3 digital life ecosystem.

In terms of underlying asset layout, the BitBank Foundation is advancing the physical deployment of Bitcoin mining machines in the Asia-Pacific region, with BTC physical computing power, the treasury system, and the BTCX ecosystem token as the core, linking DeFi staking, global communications, and payment applications to build an "asset-service-consumption" ecosystem loop.

In terms of decentralized governance, according to disclosures from the BitBank Foundation, BitBank has completed the renunciation of management permissions for all relevant smart contracts, further reducing human intervention, promoting transparency of on-chain rules and DAO community autonomy, and laying the foundation for the ecosystem's long-term development.

Odaily: Quantitative trading firms Jump Trading and DRW are dedicating trading teams and proprietary capital to enter the emerging AI compute derivatives market.

Jump Trading has assembled a dedicated trading team and plans to use its own balance sheet to bear trading risk, providing market-making services for the compute futures that CME Group and Silicon Data plan to launch, as well as for competing contracts from Intercontinental Exchange (ICE) in partnership with Ornn.

DRW plans to participate in compute trading through three teams employing different strategies. It has already planned to trade Silicon Data's related products but has not yet decided whether to participate in other compute contracts.

Analysts noted that the compute derivatives market still faces challenges such as insufficient price transparency, significant GPU price disparities across different regions and configurations, and the inability to store compute. (Bloomberg)

Odaily: A whale trader (0x9c6) opened a 20x leveraged long position on SOL, with the current position value at approximately $57.5 million and an entry price of $80.86. Based on SOL's current price of $104.43, the position has an unrealized profit of about $13 million. The trader opened the position about a month ago and has not closed it to date; the account is currently worth approximately $24.2 million.

According to SoSoValue data, yesterday (October 16, US Eastern Time), Ethereum spot ETFs recorded a total net outflow of $69.6827 million.

The Ethereum spot ETF with the largest single-day net outflow yesterday was BlackRock's ETF ETHA, with a single-day net outflow of $69.6827 million. ETHA's historical cumulative net inflow currently stands at $12.494 billion.

As of press time, the total net asset value of Ethereum spot ETFs is $14.946 billion, with the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reaching 5.07%, and historical cumulative net inflows having reached $12.940 billion.

According to SoSoValue data, Bitcoin spot ETFs recorded a total net outflow of $82.3893 million yesterday (October 16, US Eastern Time).

The Bitcoin spot ETF with the largest single-day net outflow yesterday was BlackRock's ETF IBIT, with a single-day net outflow of $71.7803 million. IBIT's historical total net inflow currently stands at $65.568 billion.

Next was Fidelity's ETF FBTC, with a single-day net outflow of $10.6090 million. FBTC's historical total net inflow currently stands at $10.455 billion.

As of press time, the total net asset value of Bitcoin spot ETFs stands at $104.290 billion, with the ETF net asset ratio (market value as a percentage of Bitcoin's total market value) reaching 6.35%, and historical cumulative net inflows have reached $56.878 billion.

Odaily: Bitdeer posted on X that as of October 16, this week's Bitcoin production was 294.2 BTC, all of which have been sold, with a net increase of 0 BTC. Its current Bitcoin holdings stand at 0 BTC, excluding customer deposits.

Odaily: Anthropic is privately lobbying US congressmembers to advance a draft frontier AI safety bill that would stipulate the government may only seek to suspend a model's operations when an AI model poses specific foreseeable and imminent risks that could cause more than $1 billion in economic losses or result in at least 50 deaths or serious injuries.

The draft limits regulatory trigger conditions to three categories of risk: the development or proliferation of biological weapons, AI models escaping developer control, and cyberattacks. It also requires AI developers to conduct transparent safety testing and undergo independent third-party assessments. Assessment agencies that identify relevant risks must report to the US Department of Commerce within 72 hours, after which the Department of Commerce would apply to a federal court to suspend the model's operations, with the final decision resting with the court.

Additionally, the draft proposes restricting the authority of other US government departments and officials to independently halt AI model development, deployment, or internal use. Anthropic stated that the proposal aims to establish a safety assessment mechanism while giving the government the ability to block the deployment of dangerous models. The draft is currently still in the lobbying stage and has not yet become law. (Reuters)

Odaily reports: Crypto KOL CM posted that the market may have already priced in the potential impact of Strategy (MSTR) being removed from MSCI-related indices, and even if passive fund selling follows, MSTR's stock price may not necessarily fall significantly further. MSTR closed down 9.56% yesterday.

CM pointed out that ordinary mNAV mainly measures the ratio of a company's market capitalization to the value of its Bitcoin holdings, while net mNAV further takes into account factors such as preferred stock and debt, better reflecting the valuation level of the company's stock relative to its net Bitcoin assets. Historically, net mNAV falling below 1 has been rare, and usually signals market concern about the company's operating conditions or valuation logic.

CM believes that Strategy's current cash reserves are theoretically sufficient to cover dividend expenses for roughly the next three years, and Bitcoin's price remains above the company's average holding cost of about $75,000, so the probability of net mNAV falling below 1 again is relatively low. If it does fall below this level later, it could instead become an investment opportunity.

Odaily reports: A Solana Foundation official stated that the U.S. GENIUS Act provides regulatory momentum for enterprises and financial institutions to enter the stablecoin space, and is also one of the important background factors behind Samsung's launch of stablecoin payment services. Samsung has announced that starting in the last week of October, it will support USDC cross-border transfers in Samsung Wallet, initially targeting eligible Galaxy users in the United States and covering approximately 82 million devices. Users can transfer USD stablecoins to compatible crypto wallets within seconds with no transfer fees, and can also send remittances to eligible bank accounts in more than 60 countries and regions. The service will use the Solana and Sui networks as its underlying infrastructure, with licensed stablecoin custodian Bastion providing transfer services and Coinbase Prime serving as sub-custodian responsible for safeguarding USDC assets.

Odaily: El Salvador purchased 1 Bitcoin for its strategic Bitcoin reserve today, bringing its holdings to 7,807 BTC. El Salvador became the first country to adopt Bitcoin as legal tender in September 2021, and has continued to purchase and hold Bitcoin through its government since then.

Odaily reported, according to Lookonchain monitoring, an address went long on 20.5 million AGT with 2x leverage on Aster DEX, worth $1.63 million, with an unrealized profit exceeding $1.26 million and a return rate of 155%.

Odaily Report: Binance founder CZ responded on X to the recent mass deletion of old tweets, stating that he was simply testing an AI tool to clean up past reposted content and did not delete any original posts.

CZ emphasized that this cleanup only involved old reposted content and there were no other special reasons, so the public should not overinterpret it.

According to Odaily on-chain analyst Ai Yi, a whale withdrew 2.455 million ONDO worth $1.144 million from Binance 12 hours ago. Currently, this address still holds $9.218 million worth of three major altcoins on-chain: 1.014 million UNI, worth $8.91 million, with an average withdrawal price of $8.79, currently at a floating loss of $1.551 million; 2.455 million ONDO, with an average withdrawal price of $0.4662; 12,400 LTC, worth $841,000, with an average withdrawal price of $67.86, currently at a floating loss of $101,000. The address appears to have fully liquidated BNB 6 days ago, with an estimated loss of $73,000.