Spot gold price breaks $4170/ounce

BBX News: Yesterday, the global capital market delivered a report that combines scale tension and industry depth in the operation of cryptocurrency native asset reserves and underlying heavy asset infrastructure. From locking in high-end ecological chips worth billions of dollars, to physical mining companies introducing industrial waste heat into thousands of households, listed entities are using completely different paths to solidify their strategic moats: ——Ecological monopoly: Hyperliquid Strategies has once again purchased 180000 HYPEs, with a total reserve size exceeding 3.08 billion US dollars and holding 255 million US dollars in cash to expand its balance sheet with ease. ——Green closed-loop: Canaan Technology produced 44 BTC in September and holds 1875 reserves. The 8-MW Nordic heating project is fully operational, empowering 2800 households with waste heat. ——Self disciplined investment: The Smarter Web Company, a London listed company, has added 83 BTC and steadily deposited 2830 core asset bases. The market presents a clear dual evolution trend of "native DeFi ecological treasury relying on deep cash pools to accelerate the locking of billions of dollars in circulating chips to create the only agent carrier in the public market" and "listed mining enterprises upgrading high-energy consumption computing assets into sustainable livelihood infrastructure through deep integration of municipal level green heating networks". Source: bbx.com

Chain analyst Murphy stated that during the recent BTC decline, short-term holders have been transferring approximately 2200 BTC per hour to the exchange. The peak transfer on October 15th was lower than that on October 8th, and the selling pressure on short-term holders has weakened. Long term holders only transfer about 480 BTC per hour, far lower than short-term holders. On October 8th, there was a peak of about 3700 BTC per hour for long-term holders, and the overall stability of long-term holders remains stable. The BTC holder structure is still resilient.

Stacks released its third quarter ecological report, stating that a total of 735 BTC entered the Bitcoin staking system during the first two lock up cycles. Since the PoX-5 hard fork, the number of STX participating in staking has increased from 392 million to 493 million, a growth of over 25%. In the first lock up period, a total of 230 BTC were deposited, with participants including 21shares, HashKey Cloud, UTXO Management, and Sypher Capital. In the second lock up period, the deposit amount reached 505 BTC.

[Nscale Plans IPO This Month, Actual Operating Capacity Below 1%] AI data center developer Nscale plans to go public as early as this month, but it faces challenges such as construction delays, equipment failures, regulatory issues, and employee complaints. Currently, Nscale has almost no operational data centers, with actual capacity below 1% of the potential capacity stated in its S-1 filing. Nscale was spun off from crypto mining company Arkon Energy and has secured contracts worth over $103 billion. In March of this year, it raised $2 billion in Series C funding with participation from NVIDIA and others. The company is seeking a valuation of up to $35 billion for its IPO, but it faces bottlenecks in power supply, grid connection, construction progress, and customer delivery. (Source: Bloomberg)

The spot gold price has exceeded $4170 per ounce, with a daily increase of 0.07%.