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With the transfer of 127,271 BTC, the United States has become the world's largest sovereign holder of bitcoin.

Which new-generation projects are attempting to break away from the old path of "speculative games"?

On October 14, the U.S. Department of Justice announced criminal charges against Chen Zhi, founder of Cambodia's Prince Group, and successfully seized 127,271 BTC under his control, with a market value of approximately $15 billion. This event marks not only the largest judicial seizure of virtual assets in history, but also a public demonstration of state power directly exercising control over on-chain assets.

What drives the market is not only cold economic data, but also greed, fear, and the unpredictable nature of human behavior.

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.
- 03:12Bitcoin miner Bitfarms increases its convertible senior notes offering to $500 millionJinse Finance reported that Bitcoin miner Bitfarms Ltd. has announced the pricing of its offering of convertible senior notes due 2031, with a total principal amount of $500 million and a coupon rate of 1.375%. At the same time, Bitfarms has granted the initial purchasers of the convertible notes an option to purchase up to an additional $88 million principal amount of the convertible notes within 13 days from and including the initial issuance date. The size of this offering has been increased from the previously announced $300 million. Subject to customary closing conditions, the offering is expected to close on or around October 21, 2025.
- 03:05RootData: SOSO will unlock tokens worth approximately $4.95 million in one weekAccording to ChainCatcher, based on token unlock data from the Web3 asset data platform RootData, SoSoValue (SOSO) will unlock approximately 6.66 million tokens at 10:00 on October 24 (GMT+8), with a value of about $4.95 million.
- 03:05Data: Crypto sector falls for three consecutive days, DePIN sector leads the decline with over 7%, ETH drops below $4,000ChainCatcher news, according to SoSoValue data, most sectors in the crypto market have generally declined. The DePIN sector led the decline over the past 24 hours, dropping 7.18%. Within the sector, Render (RENDER) fell 7.05%, and Filecoin (FIL) dropped 7.58%. In addition, Bitcoin (BTC) fell 2.19%, breaking below $109,000. Ethereum (ETH) dropped 2.14%, falling below the $4,000 mark. In other sectors, the PayFi sector fell 3.03% in the past 24 hours, with Monero (XMR) and Telcoin (TEL) dropping 6.56% and 9.94% respectively within the sector. The CeFi sector declined 3.08%, with Cronos (CRO) down 8.03%. The Layer1 sector dropped 3.71%, with Sui (SUI) down 7.62%. The Layer2 sector fell 3.74%, but Zora (ZORA) bucked the trend and rose 18.68%. The DeFi sector dropped 3.81%, with Aave (AAVE) down 7.58%. The Meme sector fell 4.43%, with Pump.fun (PUMP) down 11.13%. Crypto sector indices reflecting historical sector performance show that the ssiDePIN, ssiAI, and ssiGameFi indices fell by 6.14%, 5.69%, and 5.44% respectively.