Mars Morning News | US Government "Shutdown" Continues, Stablecoins' Annual Trading Volume Reaches $46 Trillion, 20 Times That of PayPal

U.S. Government "Shutdown" Continues, Senate Rejects Temporary Funding Bill for the 12th Time

On October 23, local time October 22, the U.S. Senate failed to pass the temporary funding bill proposed by the Republican Party, and the government "shutdown" deadlock continues. Reportedly, this is the 12th time the Senate has voted to reject the temporary funding bill since the recent U.S. government "shutdown." Due to significant differences between the Republican and Democratic parties on core issues such as healthcare-related welfare spending, the Senate failed to pass a new temporary funding bill before the end of the previous fiscal year on September 30, resulting in the federal government running out of funds to maintain normal operations and entering a "shutdown" starting October 1.

Trader with 100% Win Rate Closes $110 Million BTC Short for Profit

On October 23, according to on-chain analyst Ai Yi (@ai_9684xtpa), the "100% win rate mysterious whale" closed out all positions for profit an hour ago, ultimately earning $835,000, achieving a 100% win rate in 8 leveraged trades over the past half month. Earlier this morning, the trader increased their BTC short position to 1,018.75 BTC (about $110 million), then closed the position in batches at 7:00 (UTC+8).

a16z: Stablecoins Annual Transaction Volume Reaches $46 Trillion, 20 Times That of PayPal

On October 23, a16z released the "State of Crypto 2025" report, stating that the crypto market continues to expand and exhibits a "price-developer-user" feedback loop. Crypto usage is global, but the fastest-growing on-chain activity comes from developing countries; developers are most active in multi-chain ecosystems such as Ethereum (including L2), Solana, and Bitcoin. In addition, stablecoins have become a widely discussed topic, with annual transaction volume reaching $46 trillion, 20 times that of PayPal and 3 times that of Visa.

Bitcoin Rebounds and Breaks Through $108,000

On October 23, according to market data, Bitcoin rebounded and broke through $108,000, currently quoted at $108,326, with the 24-hour decline narrowing to 0.06%.

Meteora Founder Accused of Using Celebrity Images to Manipulate Crypto Tokens

According to Decrypt, a class action lawsuit accuses Meteora founder Benjamin Chow of being the mastermind behind a cryptocurrency scam, illegally using the images of former U.S. First Lady Melania Trump and Argentine President Javier Milei as promotional tools for "scam tokens." The MELANIA and LIBRA tokens involved surged in value after launch and then plummeted. Legal documents cite Telegram screenshots showing Chow collaborating with Hayden Davis and Kelsier Ventures to manipulate at least 15 tokens through "pump and dump" tactics. Although the court is skeptical about the lawsuit's prospects, it has unfrozen $57.6 million USDC funds related to the LIBRA token.

Hyperliquid Strategies Files S-1, Plans to Raise Up to $1 Billion Possibly for HYPE Token Purchases

Hyperliquid Strategies Inc. has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, planning to issue up to 160 million common shares and raise up to $1 billion after completing dual merger transactions with Sonnet BioTherapeutics Holdings and Rorschach I LLC, through a committed equity financing agreement (Facility) with Chardan Capital Markets. The funds raised will be used for general corporate purposes, including the possible purchase of HYPE Token.

Data: $531 Million Liquidated Across the Network in the Past 24 Hours, $402 Million Longs Liquidated, $129 Million Shorts Liquidated

According to Coinglass data, $531 million was liquidated across the network in the past 24 hours, with $402 million in long positions and $129 million in short positions. Among them, Bitcoin long liquidations totaled $86.79 million, Bitcoin short liquidations $25.056 million, Ethereum long liquidations $113 million, and Ethereum short liquidations $49.6823 million. In addition, in the past 24 hours, a total of 151,206 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD, valued at $13.9722 million.

Tesla's Q3 2025 Financial Report Shows $80 Million Profit from Bitcoin Holdings

On October 23, Tesla recently released its Q3 2025 financial report, showing that its Bitcoin holdings brought the company a profit of $80 million. As of September 30, Tesla held 11,509 BTC, with a market value of about $1.315 billion. Although there were no adjustments to the Bitcoin holdings in the third quarter, the rise in Bitcoin's price enabled the company to realize this gain. In terms of overall financial performance, Tesla's Q3 revenue reached $28.1 billion, exceeding analysts' expectations of $26.36 billion. However, adjusted earnings per share (EPS) were $0.50, slightly below the market expectation of $0.54. According to the new U.S. Financial Accounting Standards Board (FASB) rules, Tesla must recognize gains and losses on Bitcoin holdings each quarter, meaning the company must value its digital assets at the lowest market value.

In after-hours trading, Tesla's stock price fell slightly to $434.

Crypto Industry Leaders Discuss Reasons for Delay of Market Structure Bill with U.S. Bipartisan Leaders

On October 23, more than a dozen crypto industry leaders held a nearly three-hour meeting with U.S. bipartisan leaders, focusing on the crypto market structure bill, which aims to establish regulation for the industry and was originally scheduled for review in late October but was postponed due to the ongoing government shutdown. Attendees said that during talks with Democrats, lawmakers inquired about illicit finance and decentralized finance issues, while in talks with Republican lawmakers, they expressed support for the industry and the bill.

Bitcoin's "Golden Moment" Has Not Yet Arrived: ETF Buying Is Just the Prelude

The article analyzes two major questions about Bitcoin's stagnant price, pointing out that central bank gold purchases are the main reason for gold's price increase, while Bitcoin has not followed suit due to lack of central bank support. Meanwhile, although ETF and corporate purchases are significant, price-sensitive investors selling has kept the price stable.

$100 Ventures into Prediction Markets and Meme, Which Opportunity Is Greater?

The article compares prediction markets and Memecoin trading on the Pumpfun platform, analyzing the mechanisms, accessibility, risks, and returns of both markets, and explores strategies for small capital ($100) in different markets. Prediction markets are based on information decisions and collective wisdom, while Memecoin trading relies on hype and luck.

Behind RIVER's 100% Surge: How Did It Turn "Airdrop Sell Pressure" into a "Call Option" Market?

The price of RIVER token surged to a new high of $9, driven by a dynamic airdrop conversion mechanism rather than traditional airdrops or DeFi protocol speculation. This mechanism defers sell pressure through a time-exchange curve, giving the project an early period without dumping.