BNB falls below the $1150 mark
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Binance BNB/USDT is currently trading at $1150.13, with a 5-minute decline of 0.13%. Please pay attention to market fluctuations.
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Binance BNB/USDT is currently trading at $1150.13, with a 5-minute decline of 0.13%. Please pay attention to market fluctuations.
[QMMM Suspended Trading, Hong Kong Headquarters Vacant] Caixin reports that the Nasdaq-listed company QMMM Holdings (NASDAQ:QMMM) was ordered by the SEC to suspend trading starting September 29, 2025, due to allegations of stock price manipulation, and trading has not resumed since. On October 16, Caixin visited its Hong Kong headquarters and found the office vacant. Employees of nearby companies stated that QMMM moved out in September, with its whereabouts unknown. QMMM went public in 2024, and its two subsidiaries, primarily engaged in media and animation production, are both registered in Hong Kong.
[Laos Plans to Cease Power Supply to Cryptocurrency Mining Farms by Early 2026] Laos Deputy Minister of Energy, Chanthaboun Soukaloun, stated that Laos plans to completely stop supplying electricity to cryptocurrency mining farms by the first quarter of 2026, prioritizing the allocation of electricity resources to industries that contribute more significantly to economic growth, such as artificial intelligence data centers, metal refining, and electric vehicles. Currently, the electricity consumption of cryptocurrency mining farms has dropped by 70%, from a peak of 500 megawatts in 2021 and 2022 to approximately 150 megawatts. Soukaloun pointed out that the cryptocurrency mining industry creates limited job opportunities and contributes minimally to the economic supply chain. Although Laos initially planned to cease power supply by 2025, abundant rainfall has increased hydropower production, allowing the government to extend power supply and boost electricity exports to Thailand and Vietnam.
[Jack Dorsey Calls for Signal to Integrate Bitcoin Payment Functionality] Bitcoin advocate Jack Dorsey is pushing for the instant messaging app Signal to integrate Bitcoin payment functionality to enable peer-to-peer payments. According to a report by Cointelegraph, Dorsey stated on the X platform on April 9, 'Signal should use Bitcoin for P2P payments,' in response to a suggestion by Bitcoin developer Calle. Calle proposed that Bitcoin is highly suitable for Signal's secure communication platform. Currently, Signal uses the cryptocurrency Sentz (formerly MobileCoin), which is based on the Ethereum network, to provide payment services. Dorsey's initiative has garnered support from other tech leaders, including former PayPal president David Marcus, who believes all non-transactional apps should connect to Bitcoin. This call may drive Signal to reshape its crypto payment strategy.
OKX has announced the addition of Aster (ASTER) to multiple services, including spot trading, officially launching on 2025-10-17 at 14:00 (UTC+8). Notes: - During the first 5 minutes after trading begins, the maximum amount per limit order will be $10,000. This restriction will be lifted 5 minutes after trading starts. - The platform may adjust limit order rule parameters J, X, Y, Z or switch limit order calculation rules based on market conditions without prior notice. - At the end of the pre-order period, the system will cancel buy orders below or equal to the index price and sell orders above or equal to the index price.
[Ripple: Plans to raise $1 billion through SPAC to establish a digital asset fund] Ripple plans to raise $1 billion through a Special Purpose Acquisition Company (SPAC) to establish a new digital asset fund and promote XRP accumulation. This move aims to accelerate stablecoin transactions and institutional application expansion on its blockchain platform XRPL. (Cointelegraph)