AiCoin Daily (October 20th)

**[Today's Cryptocurrency News Summary]** 1. Analysis suggests ETH may rebound to $4,500 by the end of October. 2. BTC's pullback is due to high speculation and its inability to fully replace gold. 3. Jay Chou's friend went missing after investing in Bitcoin on his behalf; he posted online seeking help to find the person. 4. Hong Kong Financial Secretary Paul Chan: Stablecoins and other digital assets require international collaboration to manage risks. 5. Shanghai releases blockchain innovation applications, covering finance and social governance. 6. UK tax authorities sent 65,000 tax collection notices to crypto tax evaders, doubling the previous number. 7. The UK plans to establish stablecoin regulations by the end of 2026, aligning with the US. 8. Huobi founder Li Lin plans to establish a $1 billion Ethereum asset management company. 9. Binance has banned over 600 accounts for violations, with whistleblowers eligible for up to 50% of recovered funds as rewards. 10. Analyst Ansem states BTC needs to return to $112,000 to signal a bull market turnaround. 11. Galaxy Research: US Treasury's Bitcoin reserves have reached 3.5% of its gold reserves. 12. A mysterious whale has increased BTC and ETH long positions to $250 million. 13. Vitalik suggests optimizing crypto technology performance while ensuring hardware independence.

[Gold's Share of Global Foreign Exchange Reserves Reaches Historic High of 30%] Golden Finance, citing ZeroHedge data, reports that gold's share in global foreign exchange reserves has risen to 30%, setting a historic high. If gold prices surpass $5,790 per ounce, gold's status may surpass that of the US dollar.

[Head of U.S. SEC Says Bitcoin Receives 'Official Recognition'] According to a report by Jinse Finance, the head of the U.S. Securities and Exchange Commission (SEC) stated during a national television broadcast that the U.S. has given Bitcoin 'official recognition' or a 'seal of approval'.

[Trump: High Tariffs on India to Remain Until It Stops Buying Russian Oil] U.S. President Trump stated that 'high' tariffs on India will remain until India stops purchasing Russian oil. (Watcher.Guru)

[Multiple Crypto Industry Executives to Hold Roundtable Meeting with Senate Democrats] According to crypto journalist Eleanor Terrett, on October 20, multiple crypto industry executives will hold a roundtable meeting on Wednesday with Senate Democrats who support cryptocurrency to discuss market structure legislation and future development directions. Participants include executives from companies such as Coinbase, Chainlink, Galaxy, Kraken, Uniswap, as well as the President of the Solana Policy Institute and Circle's Chief Strategy Officer.