1. Bitcoin Hash Rate Reaches All-Time High of 1,161 Eh/s

Data shows that the Bitcoin hash rate has surpassed 1,161 Eh/s, setting a new all-time high. -Original

2. New York City Mayor Candidate Proposes to Make NYC a Cryptocurrency Hub

New York City mayor candidate Andrew Cuomo plans to propose a vision of transforming New York City into a global hub for cryptocurrency and innovative technology in his campaign platform. Cuomo stated that if elected, he would establish the position of "Chief Innovation Officer" (CIO) to focus on promoting the development of blockchain, artificial intelligence (AI), and biotechnology. This position will be responsible for coordinating relevant initiatives across city government departments, attracting jobs and investments, and facilitating the application and integration of new technologies. Additionally, Cuomo plans to establish an "Innovation Council," composed of three advisory groups focused on cryptocurrency, artificial intelligence, and biotechnology, to provide recommendations for technology promotion, talent development, and optimizing administrative processes. This series of measures aims to solidify New York City's global leadership in emerging technologies. -Original

3. Mt. Gox to Complete Partial Repayment Plan by October 31

The Mt. Gox trustee must complete basic repayments to Bitcoin creditors, early lump-sum payments, and mid-term repayments by October 31. Currently, approximately 34,689 BTC remain in wallets associated with Mt. Gox. Due to processing delays and missing documents, the Tokyo court has extended the original final deadline of October 31, 2024, to 2025. The trustee will deliver Bitcoin and Bitcoin Cash to creditors either through designated exchanges or in cash form. -Original

4. BitMine May Have Accumulated Nearly 380,000 ETH, Worth $1.5 Billion

On-chain data shows that since the "10.11 crash," the Ethereum treasury company BitMine has accumulated 379,271 ETH, worth approximately $1.5 billion. Company chairman Tom Lee stated that Ethereum will become a pillar of the digital economy and believes that the current market is at a short-term bottom, with potential for recovery in the future. -Original

5. Whale Withdraws 506,000 LINK from Binance, Worth $8.47 Million

According to on-chain analysts, a whale purchased 934,000 LINK at an average price of $18.13 three days ago, then deposited back to the exchange at $17.5 during the price drop, potentially incurring a loss of $592,000. The latest data shows that this whale withdrew 506,000 LINK from Binance four hours ago, worth approximately $8.47 million, possibly for swing trading or partially unsold holdings. -Original

6. Strategy Holds 640,000 Bitcoins, Largest Holding Company Globally

According to data from BitcoinTreasuries.Net, Strategy holds 640,250 Bitcoins, accounting for about 2.5% of the total Bitcoin supply, making it the largest Bitcoin holding company in the world, with a holding amount exceeding the total of the top 15 mining and corporate treasury entities. The second-largest, MARA Holdings, holds 53,250 Bitcoins, worth approximately $5.7 billion; the third, XXI, holds 43,514 Bitcoins, worth $4.7 billion. Several U.S. listed companies, including Riot Platforms and Coinbase, collectively hold over 900,000 Bitcoins. -Original

7. "Unlocking" of ZRO Worth Approximately $43.44 Million Will Occur Today, Accounting for 2.571% of Total Supply

Next week, two cryptocurrency projects will undergo token unlocking, releasing a total value of approximately $79.64 million. On October 20, ZRO will unlock about 25.7 million (approximately $43.44 million), accounting for 2.571% of the total supply; on October 21, FTN will unlock about 20 million (approximately $36.20 million), accounting for 2.0% of the total supply. -Original

8. U.S. SEC Chair Calls Cryptocurrency a "Top Priority," May Consider Establishing Innovation Exemption Mechanism

Click the link to enter the meeting: https://meeting.tencent.com/p/7277739262 Below is my comprehensive analysis and outlook on the Ethereum market as of October 18, based on recent market dynamics, technical aspects, and macro environment: 1. Strengthened Expectations for Fed Easing (Potential Positive): Market expectations for Fed rate cuts have intensified, with predictions of 2-3 cuts possibly occurring in 2025. This easing liquidity environment typically benefits risk assets like cryptocurrencies. 2. Ongoing U.S. Government Shutdown (Uncertainty): The shutdown has led to potential delays in the release of several economic reports, including September inflation data. This has increased market uncertainty, causing investors to adopt a wait-and-see approach. 3. U.S. SEC Chair States Cryptocurrency is a "Top Priority" (Long-term Positive): The chair of the U.S. Securities and Exchange Commission (SEC) has stated that cryptocurrency and tokenization are "top priorities" and mentioned considering the establishment of an "innovation exemption" mechanism. This signals a desire for compliant development rather than outright suppression, which is crucial for the long-term healthy development of the market. Progress on Ethereum spot ETF: This is currently the largest potential positive. Although the U.S. SEC has approved the 19b-4 filing, the S-1 registration statement (which allows the ETF to officially begin trading) has not yet taken effect. The market is closely watching for any news regarding the approval of the S-1. Once officially approved, it will attract a significant influx of traditional capital, likely driving ETH prices up substantially. 2. Technical Support: From a technical chart perspective, ETH has tested and held an important support level (e.g., the $2,800 - $3,000 range) multiple times; if this support holds, it may attract technical buying. Recovery of DeFi and Layer 2 Ecosystem: As market sentiment warms, the DeFi locked value on the Ethereum chain and trading activity on Layer 2 (such as Arbitrum, Optimism) have increased, reinforcing ETH's value foundation as "digital oil." Currently, in a mixed news environment, shorts have been largely exhausted over the past two days, and the upcoming trend and trading direction are being explained in a live broadcast. Tencent Meeting Live: 727-773-9262 QQ Group Number: 936313157 Disclaimer: The above content represents the author's personal views, aimed at assisting investors in understanding information related to the capital market, does not constitute any investment advice, and does not represent AiCoin's stance or views. The market carries risks, and investment should be approached with caution. -Original

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