[Phoenix Group Q3 Report: Holding 682 BTC and 642,000 SOL] Abu Dhabi-based Bitcoin mining company Phoenix Group released its third-quarter report for 2025. The mining output for Q3 was 305.5 BTC, a 31% increase compared to Q2. As of the end of September, Phoenix Group held 682 BTC and 642,000 SOL, with revenue increasing 10% quarter-over-quarter to $32 million.

[Astar Network Asset Hub Migration to Begin on November 3] Astar Network announced that the asset hub migration will take place from November 3 to November 7, during which the platform will enter maintenance mode. DOT balances, staking, and governance functions will be migrated from the Polkadot Relay Chain to the asset hub. The official statement assures that funds are secure and no user action is required.

[TeraWulf Plans to Issue Convertible Senior Notes to Raise $500 Million] Nasdaq-listed Bitcoin mining company TeraWulf announced plans to raise an additional $500 million by issuing convertible senior notes, with an option for initial purchasers to buy up to $75 million in convertible bonds. The funds raised will be used for data center construction and general corporate purposes.

[Analysis Indicates Continued Easing of Market Selling Pressure, Positive Net Price Spread on Exchanges] On October 29, CryptoQuant analyst Axel stated that the net price spread on exchanges (stablecoin net inflow - BTC+ETH net outflow) remains in the positive range, with the 30-day moving average at +1 billion USD, higher than the long-term baseline. This indicates that stablecoin inflows dominate, while the net withdrawal of BTC and ETH from exchanges is relatively low, suggesting that overall market selling pressure continues to ease.

[The Federal Reserve May Cut Interest Rates by 25 Basis Points, Policy Outlook Impacted by Data Shortages] QCP's briefing pointed out that the Federal Reserve is expected to announce a 25 basis point rate cut at tonight's FOMC meeting. However, due to the U.S. government shutdown causing a lack of inflation and employment data, the Fed faces challenges in policy-making due to insufficient information. The continued development in the AI sector has boosted market sentiment, but bubble risks remain in the market. After the flash crash in October, liquidity in the cryptocurrency market remains sluggish, and the discounted trading of Digital Asset Treasuries (DATs) has intensified selling pressure, potentially leading to further downside risks in the market.