[Main Password: MGBX will launch multiple BTC trading pairs, actively layout the market, and make a bet on this direction with a main transaction volume of $1.1 billion] The main large order is displayed on the K line in the form of a horizontal line, the thicker the line means the larger the pending order amount, and the longer the line represents the longer the pending order time

[Cambodia Huione Branches Suspected of Withdrawal Run, Possibly Related to U.S. Bitcoin Seizure] On October 17, multiple Huione Group branches in Cambodia experienced large-scale queues for withdrawals, suspected to be a bank run. The incident may be related to U.S. sanctions against Prince Group Chairman Chen Zhi. On October 14, the U.S. sought to confiscate 127,271 Bitcoins, and subsequently, on October 16, $2.4 billion worth of Bitcoin from a wallet associated with Chen Zhi was transferred. Market rumors suggest Huione assets were affected. Huione Group has long been under international regulatory pressure due to allegations of money laundering and fraud, and its payment platform previously triggered a withdrawal run following the revocation of its license.

[Russia Becomes the European Country with the Highest Cryptocurrency Adoption Rate] The Chainalysis report shows that between July 2024 and June 2025, Russia received $376.3 billion in cryptocurrency transaction volume, a year-on-year increase of 48%, surpassing the UK's $273.2 billion. The growth is mainly driven by an 86% surge in large institutional transfers and an eightfold increase in DeFi activity. Additionally, the ruble-backed stablecoin A7A5 issued by Kyrgyzstan has become the world's largest non-USD stablecoin. Analysts believe that Russia is accelerating its adoption of cryptocurrency as a financial tool.

Aave (AAVE) plummets 10.1% and Bitcoin Cash (BCH) drops 8.7%, leading index lower.

Limited bitcoin outflows and heavier ether selling pointed to crypto-native liquidations as the driver of the drop.