[Upbit to Suspend LINEA Deposit and Withdrawal Services] Due to the LINEA network hard fork, Upbit will suspend LINEA deposit and withdrawal services starting from October 21, 2025, at 23:00 (Hong Kong Time) until network stability is confirmed. LINEA trading will not be affected during this period. Users are advised to complete relevant operations in advance to avoid deposit or withdrawal failures or delays.

[BlackRock Purchases 11,770 Ethereum Worth $46.9 Million] BlackRock's spot Ethereum ETF purchased 11,770 Ethereum on October 16, with a total value of approximately $46.9 million. (Cointelegraph)

[Tether Freezes 22 Ethereum and TRON Addresses, Totaling 13.4 Million USDT] According to Foresight News and monitored by MistTrack, Tether froze 22 addresses on the Ethereum and TRON chains on October 16, totaling 13.4 million USDT. Among them, the address starting with 0xecb froze 10.3 million USDT, and the address starting with TYzDe froze 1.4 million USDT.

[Bitcoin Hashrate Rises by 8.39%, Mining Industry News Summary] Week 42 of 2025 (October 10–16), the average Bitcoin network hashrate reached 1080 EH/s, an increase of 8.39% compared to last week. The average price of Bitcoin was $114,838, a week-on-week decrease of 6.35%. Mining industry updates include: Cango terminated its ADR program and will list on the NYSE in the form of common stock; Canaan produced 92 BTC through mining in September, increasing its holdings to 1,582 BTC; Tianci signed an agreement with BTC Digital, planning to invest $5 million to purchase mining machines.

[Dalio: Stablecoins Are Not Suitable as a Means of Wealth Storage, Holding a Small Amount of Bitcoin as a Supplement for Asset Diversification] Bridgewater Associates founder Ray Dalio stated in an interview that although he has held a small amount of Bitcoin for many years and views it as a diversified asset relative to gold, he believes Bitcoin has its shortcomings, such as the fact that central banks around the world will not hold Bitcoin. Additionally, he expressed reservations about the investment value of stablecoins, arguing that their essence lies in being pegged to fiat currencies and their inability to generate interest, making them unsuitable as a means of wealth storage. Dalio pointed out that the advantage of stablecoins lies in their global applicability, making them more suitable as tools for transactions and settlements rather than long-term value storage. He also mentioned that whether stablecoins can address the U.S. debt issue depends on whether their buyers hold U.S. debt, and it is currently difficult to determine whether they will increase demand for U.S. debt.