According to data released by the US Treasury Department on October 16th, the US fiscal deficit increased by $217 billion year-on-year to $1.99 trillion for the 2026 fiscal year ending September 30th, the highest level since the 2021 fiscal year. In the fiscal year 2026, the US fiscal revenue reached $540 trillion and fiscal expenditure reached $7.40 trillion. Among them, debt repayment expenses amounted to $1.36 trillion. Affected by the Supreme Court ruling, the United States has refunded $145 billion in tariffs, reducing net tariff revenue to $173 billion. The fiscal deficit for the 2026 fiscal year accounts for 6.2% of GDP, with a monthly fiscal deficit of 27 billion US dollars in September.

According to the weekly report on cryptocurrency holdings released by CME, BTC holdings were 20752, a decrease of 3.17% compared to the previous period; 25543 ETH positions were held, a decrease of 7.72% compared to the previous period.

According to documents from the Federal Election Commission, Defend American Jobs, a Fairshake affiliated organization funded by Coinbase and Ripple Labs, invested $46.6 million in the Ohio Senate election to oppose Sherrod Brown and support Jon Husted. Tyler and Cameron Winklevoss' Digital Freedom Fund invested $5.9 million to support the campaign. Sherrod Brown stated in an interview that Jon Husted is a spokesperson for Wall Street and other forces. Defend American Jobs also invested $6.7 million against Dan Osborn in the Nebraska Senate election. Fairshake held $193 million in cash in January of this year.

The US Treasury Department announced a budget deficit of $27 billion for September, with market expectations of a deficit of $28 billion, and a budget surplus of $198 billion for September 2025.

Bloomberg strategist Mike Magellan warns that if the US stock market falls by 20%, the price of Bitcoin may drop towards $10000. (Source: Bloomberg)