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Overview of key market events on October 15th.
The U.S. Department of Justice has seized 127,271 BTC controlled by Chen Zhi, the founder of Cambodia's Prince Group, with a market value of approximately $15 billion, making it the largest judicial seizure of Bitcoin in the world. The case involves fraud, money laundering, and hacking, demonstrating the state's judicial control over on-chain assets. Summary generated by Mars AI. This summary is produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
In Brief YZi Labs invested $50 million in stablecoin network BPN for global payment expansion. BPN aims to reduce finance transfer times, lowering costs with innovative technology. BPN targets providing regional stablecoin support in emerging markets by year's end.
- 02:25Caixin: Hong Kong crypto treasury company QMMM stock has been suspended to this day, and its office is desertedAccording to Jinse Finance, citing Caixin, US Nasdaq-listed company QMMM Holdings (NASDAQ: QMMM) announced on September 9, 2025, its plan to allocate $100 million to establish a cryptocurrency reserve, resulting in its stock price surging 9.6 times within three weeks. At the end of September, the US Securities and Exchange Commission (SEC) suspected the company of manipulating its stock price via social media platforms and ordered its suspension from trading starting September 29. The company has remained suspended since then. On October 16, Caixin visited its Hong Kong headquarters and found the office deserted. When inquiring with an employee of a neighboring company, the person stated that QMMM had moved out in September and was unaware of its new location. According to reports, QMMM was listed on Nasdaq in July 2024, registered in the Cayman Islands as a holding company. QMMM has two actual operating subsidiaries: Manymany Creations and Quantum Matrix, both primarily engaged in media and animation production. Both are registered in Harbour View Building near Tin Hau MTR Station in Hong Kong, with their registered business type listed as "advertising and market research."
- 02:25Phone Call Between Russian and US Presidents Ends, Trump Says He Will Meet Putin in BudapestAccording to Jinse Finance, citing CCTV News, on October 16 local time, U.S. President Trump posted on his social platform "Truth Social" that he had just finished a phone conversation with Russian President Putin, describing the call as highly productive. Trump stated that he remains committed to helping resolve the Ukraine conflict, and that both sides spent a significant amount of time discussing trade issues between Russia and the United States after the end of the Ukraine conflict. Trump announced that U.S. Secretary of State Rubio will represent the United States at the upcoming meeting with Russia. The location of the meeting and the members of the delegation have not yet been determined. Trump said that after the advisory meeting, he will meet with Putin in Budapest, Hungary, to explore whether the conflict between Russia and Ukraine can be ended.
- 02:25Charles Schwab plans to launch spot Bitcoin and cryptocurrency trading services in 2026Jinse Finance reported that American financial giant Charles Schwab plans to launch spot Bitcoin and cryptocurrency trading services in 2026.