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Share link:In this post: Rumble may buy Northern Data for €1B, offering 2.319 Rumble shares per Northern Data share. Northern Data will sell its bitcoin mining unit to Elektron Energy for up to $235M, with proceeds going toward repaying a Tether loan. Rumble’s Q2 loss widened to $30.2M despite 12% revenue growth; monthly active users fell to 51M.
Share link:In this post: Indonesia proposes sovereign AI fund to boost position as regional tech hub. A strategy paper outlines the roadmap for AI growth to 2030, pending public input. However, the plan faces hurdles including skills shortages, low research spend, and patchy internet.
Share link:In this post: Ant Group denied claims on Chinese social media regarding plans to develop rare-earth-backed stablecoins in collaboration with the People’s Bank of China (PBoC). The denial was issued on August 11, 2025, amid growing speculation about the potential for stablecoins backed by rare earth elements. JD.com and Alibaba have been trying to get the People’s Bank of China to approve a stablecoin based on the offshore yuan to challenge USD-backed stablecoins.
South Korean retail investors shift focus from US tech stocks to crypto, as regulatory changes drive the move.
Stellar price remains inside a bullish setup after its recent breakout, but record exchange balances and fading momentum hint that gains could take longer to arrive.
- 05:20Grayscale Releases Solana Report: Ecosystem Annual Revenue Could Reach $5 Billion, Timely Network Growth May Drive SOL Price UpChainCatcher reported that the crypto asset management company Grayscale has released a research report on the Solana ecosystem, pointing out that Solana has become a "host network" for blockchain applications. For example, decentralized exchanges such as Raydium and Pump.fun are built on Solana. Currently, the Solana ecosystem generates about $425 million in fee revenue per month, which means the annual revenue of the ecosystem could reach $5 billion. So far this year, the average transaction fee on the network is only $0.02. In addition, there are now more than 1,000 full-time developers in the Solana ecosystem, which is lower than Ethereum but higher than other mainstream blockchain ecosystems. Regarding Solana's native network token SOL, Grayscale believes that although the token supply is growing at an annual rate of about 4%–4.5%, SOL stakers can generally earn a nominal yield of 7%, which means the actual yield can be maintained at around 2.5%–3%. If the Solana network continues to grow over time, investors can expect the price of SOL to rise accordingly.
- 04:46Bitdeer’s total bitcoin holdings increase to 2,126.8 BTCJinse Finance reported that Nasdaq-listed Bitcoin mining company Bitdeer released its latest Bitcoin holdings data on the X platform. As of October 17, its total Bitcoin holdings had increased to 2,126.8 BTC. In addition, its Bitcoin mining output for this week was 117.2 BTC, while 51.6 BTC were sold during the same period.
- 04:38Analysis: This cycle has approached the bull-bear boundary three times without breaking below it; the current fair value of BTC is $97,000According to ChainCatcher, on-chain analyst Murphy stated that the fair value of bitcoin is calculated as the historical cumulative average of MVRV. If the market's valuation level (MVRV) is at the historical average, then the price of BTC should be near this level. Therefore, the fair value is regarded as the "center of mean reversion." Over the past 10 years, in the previous three cycles of BTC, the fair value (blue line) has almost acted as the dividing line between bull and bear cycles. After the bull market starts, even if BTC experiences a pullback, it is unlikely to fall below the blue line; every time value reverts, it triggers strong buying interest. In this cycle, BTC has been operating above its fair value for nearly 2 years. During this period, there have been three instances where it came extremely close to the blue line: after the ETF approval, when the "good news was already priced in"; the unwinding of yen carry trades in August 2024; and the tariff crisis in April 2025. However, it has never fallen below the fair value. In a bull market, BTC returning to its fair value is considered the best buying opportunity. Currently, the blue line is at $97,000. If traders believe the bull market foundation remains, then buying BTC when it approaches $97,000 would be highly cost-effective. If users believe the market has already entered a bear phase, they can continue to wait for a deep bear market, where there might be an opportunity to pick up cheap chips below $55,000. This analysis is for educational and communication purposes only and does not constitute investment advice.