BlockBeats News, October 25th, Next week, due to the ongoing U.S. government shutdown, key data from the U.S. will be scarce, but many central banks will hold interest rate meetings, including the Federal Reserve, the European Central Bank, and the Bank of Japan, among others. Here are the key points that the market will focus on in the new week (all times in Beijing time):

Thursday 02:00, Federal Reserve announces interest rate decision;

Thursday 02:30, Federal Reserve Chair Powell holds a monetary policy press conference;

Friday 01:15, 2026 FOMC voter and Dallas Fed President Kaplan speaks;

Friday 21:30, 2026 FOMC voter and Dallas Fed President Kaplan speaks;

Until there is a clearer understanding of both inflation and the labor market, Powell is unlikely to significantly change his language regarding the future policy path while announcing a 25 basis point rate cut. Therefore, considering the recent trade tensions and the ongoing government shutdown, Powell and his colleagues' statements on Thursday may be slightly dovish, but the magnitude may not be significant. Even dovish members like Bullard are unwilling to commit in advance to a series of rate cuts. If the Fed questions the market's expectations of a path that includes cutting rates by another 100 basis points after October, the risk of disappointment for traders will increase. (Jin10)

BlockBeats News, October 25, Binance founder CZ posted on social media stating, "The Kyrgyzstan national stablecoin has been launched on BNB Chain. The Central Bank Digital Currency (CBDC) is ready to be rolled out, with the CBDC to be used in various Kyrgyzstan government-related payment scenarios. A national cryptocurrency reserve has been established, including BNB."

BlockBeats News, October 25th, according to GMGN monitoring, a trader spent $2,076 to buy GIGGLE 33 days ago, has sold $381,600 of GIGGLE, and still holds over $1.3 million of GIGGLE, with a single-coin profit of $1.7 million, a floating profit of over 876 times.

GIGGLE's market value is now reported at $213 million, with a 24-hour increase of 117%.

BlockBeats News, October 25th, according to GMGN monitoring, a trader spent $2,896 and $111 to buy CLANKER 350 days and 324 days ago, respectively. They have sold $133,600 worth of CLANKER and still hold $369,600 worth of CLANKER. The profit per coin has reached $500,000, with a floating profit of over 166 times.

CLANKER's market value is now reported at $85.9 million, with a 24-hour increase of 58.44%.

BlockBeats News, October 25th, Tom Lee stated in an interview with CNBC: "Cryptocurrency has just experienced the largest-ever deleveraging event in history, the impact of which may be several times that of the FTX event period, yet Bitcoin's final decline has remained in the 3%-4% range."

This clearly demonstrates that Bitcoin itself is becoming an extremely resilient store of value. Imagine if a similar impact occurred in the gold market: even in the face of a major liquidity crisis, when gold only drops by a few percentage points, the market is seen as a solid proof of value anchoring. Bitcoin's current performance is no different.

Driven by stablecoins, the Ethereum Layer 1 and Layer 2 networks are experiencing significant growth in activity, but this fundamental improvement has not yet been fully reflected in the price — market pricing usually exhibits a lagging effect. From what I have observed, the continued increase in on-chain activity is actually providing a solid basis for significant market changes before the end of the year."

BlockBeats News, October 25th, Tom Lee stated in an interview with CNBC: "The crypto market experienced a large-scale deleveraging event on October 11th, with some contributing factors being tariffs and trade frictions. This was the most severe liquidation event in the crypto industry in the past 5 years. The aftermath of the event is still ongoing, and two weeks later, the pessimistic sentiment lingers. However, I believe these phenomena are about to end because the open interest on Bitcoin and Ethereum futures contracts are at historical lows. At this time, both assets are showing signs of a positive turnaround from a technical standpoint. Therefore, I also believe that cryptocurrencies will experience a bullish trend before the end of the year. Recently, JPMorgan Chase also mentioned that they may accept cryptocurrency as collateral in the future, which is very helpful for market confidence."

BlockBeats News, October 25th, Glassnode posted on social media that the illiquid Bitcoin supply has started to decrease, with about 62,000 BTC moving out of long-term dormant wallets since mid-October. As the illiquid supply decreases, more tokens will enter the circulation market, and if there is a lack of strong additional demand, the price uptrend will face greater resistance.

In this cycle, illiquid supply was originally an important driving force, but a recent reversal has broken this trend. Historically, similar supply return phenomena have often weakened market momentum—an even larger-scale outflow of 400,000 BTC occurred in January 2024. Although the current change is relatively moderate, the trend is worth monitoring.

Interestingly, whale wallets have continued to accumulate during this period. Whale holdings have steadily increased in the last 30 days, with no significant sell-offs since October 15th. The most massive outflows have mainly come from wallets holding 0.1-10 BTC (equivalent to $10,000 to $1 million in assets). This group has maintained a net selling trend since November 2024. Momentum traders have essentially exited, and bottom-fishing funds have not been able to generate enough demand to absorb selling pressure. With initial buyers staying on the sidelines, this supply-demand imbalance will continue to suppress prices until stronger spot demand emerges.

BlockBeats News, October 25th - Cobo Co-founder and CEO Fish the Godfish previously released a long image on September 17th introducing x402, AP2, and ERC-8004, with the caption: "When AI learns to spend: From x402 to AP2, and then to ERC-8004, explore how to make the Agent a true economic entity."

According to reports, the introduction image states that AP2 and x402 are payment and settlement infrastructures, ERC-8004 is the on-chain AI Agent registration repository, and the combination of the three represents "the first time the crypto field has a complete technical stack to make machines an economic entity."

BlockBeats News, October 25th, according to official sources, Semantic Layer (42) will commence trading on Binance Alpha on October 27, 2025, at 18:00 (Beijing Time). Additionally, the Binance futures trading platform will launch the 42USDT perpetual contract on October 27, 2025, at 18:30, supporting up to 50x leverage.

BlockBeats News, October 25th, according to official sources, Common (COMMON) will start trading on the Binance Alpha platform on October 27, 2025, at 20:00 (Beijing Time). Additionally, the Binance futures trading platform will launch the COMMONUSDT perpetual contract on October 27, 2025, at 20:30, with up to 50x leverage.