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More →President Trump: Even though the government has cut more than 1 million federal employees, U.S. employment is still at an all-time high.
CoinWorld news, U.S. President Trump: Even though the government has cut more than 1 million federal employees, U.S. employment is still at an all-time high. In the past, a job often required 10 people to complete. The United States does need federal employees, but it is not necessary to assign 10 people to every job.
Russian Deputy Prime Minister: If the blockade of the Strait of Hormuz continues, oil prices will surge further.
According to CoinWorld news, Russian Deputy Prime Minister Alexander Novak said during Russian Energy Week that if the situation in the Strait of Hormuz persists, oil prices will rise further significantly. He said: "At present, we still observe that supplies through the Strait of Hormuz have not yet recovered... Volatility is high, the market is waiting for the situation to improve, and at the same time prices remain high. But if this situation continues, in my view, oil prices will surge further."
Polygon Labs acquires Coinme to enter the payments space
CoinWorld news: Polygon Labs has completed its acquisition of U.S. crypto payment provider Coinme, aiming to enter the payments industry by leveraging stablecoin infrastructure. CEO Marc Boiron stated that the acquisition allows Polygon to own the customer relationship and capture intermediary revenue, and that Polygon has transformed into a payment-focused blockchain money transfer company. Polygon plans to achieve profitability in its regulated payments business by 2027, and the Open Money Stack launched in January supports stablecoin payments and cross-border transfers. Visa's payment volume exceeded $12.3 trillion in fiscal year 2025, while Stripe's payment volume reached $1.9 trillion. Coinme helps Polygon gain more control over the crypto, stablecoin, and fiat currency conversion process. Its unified payment platform is currently in technical preview, with early users including Tazapay, Mesh, Toku, and Kira.
Nine crypto organizations have officially formed the Quantum Alliance, with over 6 million Bitcoin at risk.
Nine crypto organizations have officially launched the Quantum Alliance, stating that more than 6.04 million bitcoins are exposed to quantum computing risk, accounting for roughly 30% of bitcoin's total supply. Six organizations, including Quantus, Keystone, and Hacken, said that no quantum computer currently exists that is powerful enough to break these networks and wallets. The alliance will develop shared standards to test which networks and wallets are genuinely quantum-safe.
The White House says Musk's flying Tesla sports car arrived before GTA 6.
CoinWorld news, the White House joked on social media that Musk's flying Tesla sports car arrived before the highly anticipated Grand Theft Auto 6. The White House's official account tweeted on October 16: "We really got flying cars before GTA 6," along with images of President Trump with futuristic vehicles and helicopters. Although the flying sports car prototype has already conducted test flights, GTA 6 is expected to be released next month, while Tesla is not expected to begin production until 2028. The White House tweet sparked a popular social media joke about real-world developments outpacing game releases.
Bitcoin's market cap dominance stands at 59.42%.
BiJie.com data: Under BiJie.com's unified market methodology, Bitcoin's market capitalization accounts for 59.42% of the total cryptocurrency market capitalization.
BTC perpetual contract open interest totals 14.98 billion USD
According to data from Bijie.com: under the statistical methodology of selected mainstream platforms, the total notional value of open interest in BTC USDT-margined perpetual contracts is 14.98 billion USD.
The long-short account ratio for SOL perpetual contracts is 2.44.
CoinWorld data: The SOLUSDT 4-hour long-short account ratio is 2.44, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it decreased by 0.0036; compared with the same-caliber snapshot 7 days ago, it increased by 0.0363.
The long-to-short account ratio for ETH contracts is 2.78.
CoinWorld data: The ETHUSDT 4-hour long-short account ratio is 2.78, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.1469; compared with the same-caliber snapshot 7 days ago, it fell by 0.2255.
Chamath Palihapitiya: AI revenue quality issues, venture capital over-reliance
Benzinga reports that Chamath Palihapitiya pointed out that AI has a "revenue quality problem" and warned about excessive reliance by venture capital. However, crypto traders say there is little risk of a crash.