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More →Macro analyst: XRP price needs to reach $200 to meet IMF demand
CoinWorld data: Macro analyst Jim Willie stated that XRP needs to reach $200 in order to play a greater role in the International Monetary Fund's (IMF) reserve system. He believes that the IMF has actually gone further than it admits in considering including XRP in Special Drawing Rights (SDRs). Willie pointed out that XRP can serve as the unit of delivery and repayment when the IMF provides loans to countries such as Bangladesh. He also mentioned that the price forecast for XRP is based on the size of the derivatives market. If Ripple handles only 1% of the trading volume in that market, XRP would need to move approximately $3 trillion to $4 trillion per month. Willie believes that stablecoins cannot replace XRP because most stablecoins are backed by government debt and cannot serve as a neutral bridge between countries in conflict.
The local governor said a fire broke out at an oil refinery in Russia's Ryazan region following a drone attack.
According to news from Bijie, the local governor stated that an oil refinery in Russia's Ryazan region caught fire due to a drone attack.
Darkfost: Higher-than-expected US inflation triggers sharp volatility in crypto derivatives market
CryptoQuant analyst Darkfost stated that higher-than-expected U.S. inflation triggered violent fluctuations in the crypto derivatives market, with more than $106 million in Binance ETH long positions liquidated within one hour, the largest single-hour liquidation scale in nearly six months. He believes that futures trading volume in the crypto market has now reached about 9 times that of spot, and the highly leveraged structure makes the market more sensitive to macroeconomic changes. As inflation continues to heat up, expectations for another Federal Reserve rate hike have strengthened, with the related probability rising from 17% to nearly 30% within a week, and investors' concerns are being concentratedly released through the derivatives market.
Larry Fink: AI companies' push for data center construction could trigger a US economic recession
According to news from Bijie, BlackRock CEO Larry Fink said in an interview with CNBC that AI companies are investing heavily in data centers, and any move to slow this process could harm the U.S. economy. He pointed out that the construction of data centers is crucial to the U.S. economy, and that stopping construction due to environmental concerns could push the United States into recession. Fink also mentioned that public perception of data centers is deteriorating, with surveys showing that nearly 49% of Americans believe data centers have a significant impact on the environment. Moody's expects U.S. data center capital expenditure to reach $700 billion this year and to increase to $2.4 trillion to $2.48 trillion by 2030.
Australia will implement a digital asset regulatory framework in 2027.
According to an announcement by the Australian Securities and Investments Commission (ASIC) on October 15, Australia will implement a new digital asset regulatory framework on April 8, 2027, bringing digital asset trading platforms and tokenized custody platforms under financial services licensing regulation. Relevant platforms must apply for or vary an Australian Financial Services (AFS) licence and comply with regulatory requirements including client disclosure, asset custody, trade settlement, and net tangible assets. ASIC has released Consultation Paper 392 to seek feedback on specific implementation standards, with a deadline of November 27. ASIC said it has so far received more than 140 licence applications involving digital asset financial services, of which more than 110 were submitted during the regulatory transition period from October 2025 to September 2026.
TotalEnergies, dragged down by weak performance in its natural gas trading business amid an overall stable-to-declining European gas market.
According to BiJie Network, TotalEnergies: Due to the poor performance of its natural gas trading business amid an overall stable-to-declining European gas market, the cash flow and results of its integrated LNG business are expected to decline significantly; the business had performed better than expected in the first quarter.
TSMC (TSM.US) Q3 net profit up 68.7% year-on-year, beating expectations, as AI orders pour in and 2nm process contributes 8% of wafer revenue.
According to CoinWorld news, TSMC (TSM.US) reported Q3 net profit up 68.7% year-over-year, beating expectations, as AI orders poured in and 2nm process contributed 8% of wafer revenue. The global wafer foundry leader TSMC (TSM.US) announced its Q3 2026 financial results on Thursday. Driven by a continued influx of AI orders, the company's quarterly revenue and net profit both exceeded analysts' average expectations, sending a key signal that demand for computing power remains strong at a time when market sentiment toward AI-related trades has recently turned cautious.
Analyst: UK-listed company purchases 83 BTC, total holdings rise to 2,830 BTC
According to an announcement by UK-listed company The Smarter Web Company on October 15, the company purchased 83 BTC for approximately £5.202 million, at an average purchase price of £62,676 per coin, bringing its total holdings to 2,830 BTC, with a net average holding cost of approximately £81,979 per coin and cumulative net coin purchase expenditure of approximately £232 million. The BTC yield for the quarter to date is 1.98%. In addition, the company used part of the funds from its recent preferred stock financing to repay borrowings under its Coinbase credit facility, reducing the outstanding balance from approximately £17 million to approximately £16 million, with the relevant loan still collateralized by the company's existing Bitcoin holdings.
StandX announces it will not issue a token and will airdrop DUSD; its perpetual contract business will be shut down.
According to news from Bijie, StandX has announced that it will not issue a token and will instead airdrop DUSD with no lock-up period to users, with the claim window running from November 1 to December 31. StandX's perpetual contract business will enter reduce-only mode starting October 20, all positions will be closed on January 15, 2027, and withdrawal and redemption services will be shut down on January 31, 2027.
Patrick Witt: The government prioritizes protecting existing Bitcoin reserves, with no current strategy to increase holdings.
According to news from Bijie, Patrick Witt, Executive Director of the U.S. President's Council of Advisors on Digital Assets, said that the White House currently prioritizes ensuring the security of the government's existing Bitcoin and completing an inventory count. No specific purchasing strategy, timetable, or policy adjustments have yet been formulated, and the current framework requires any new Bitcoin purchasing strategy to remain budget-neutral.