BTC fell for the third consecutive week, with the US spot Bitcoin ETF experiencing a net outflow of $636 million in a single day.

[Key Takeaway: Binance ETH futures saw a limit order totaling $16.55 million executed by major players.] A massive limit action emerges, signaling potential market sentiment shifts ahead...

Bank of New York Mellon (BNY Mellon) supports XRP and RLUSD on its digital asset custody platform, allowing institutional clients to safeguard, hold, and transfer related assets. BNY Mellon plans to expand its support for XRP Ledger and partner with Ripple to enable clients to mint and redeem RLUSD through BNY Mellon. The two companies are also exploring supply chain finance solutions based on XRP Ledger with C2FO, tokenizing trade finance assets. (Source: Ripple)

Intel plans to acquire Classiq for approximately $2.3 billion. (Source: Jinshi)

[NIP Group Acquires Third Batch of Bitcoin Mining Machines, Total Hashrate Reaches 13.85 EH/s] NIP Group has acquired a third batch of Bitcoin mining machines by issuing 247 million Class A ordinary shares, bringing the total hashrate to 13.85 EH/s. The company expects to mine 195 BTC per month, worth approximately $2.8 million, an increase of 35 BTC from its original target of 160 BTC. CEO Hicham Chahine stated that if the returns from AI and high-performance computing businesses outperform mining, the company will adjust its production capacity (Source: Decrypt).

Wintermute's weekly market report shows that BTC fell 2.43% last week to approximately $80,500, while ETH fell 3.40% to approximately $2,330. The US spot Bitcoin ETF saw a net outflow of $636 million on Thursday, the largest single-day outflow since June. On the same day, the Nasdaq index fell 2.6%, while Brent crude oil rose 5.66% to $116.72. BTC needs to recover to $82,000 to $82,500. If it falls below $80,000, the next support level is $76,000, and a break below that could lead to a drop to $70,000. Key events include the FOMC meeting on October 28th, the Q3 GDP and September PCE data on October 29th, and the monthly options expiration on October 30th.