Justin Sun: Huobi HTX and Sun Wukong will each launch a $100 million co-creation fund

On October 17th, based on Coinglass data, within the past 1 hour, the total liquidation across the entire network amounted to $212 million. The long liquidations totaled $179 million, while the short liquidations totaled $32.2 million.

On October 17th, based on HTX market data, Bitcoin dropped below $108,000, experiencing a 24-hour decline of 2.6%.

On October 17th, the price of gold futures in New York reached as high as $4300 per ounce, with an intraday increase of 2.34%. (Jin10)

On October 17th, economist and cryptocurrency critic Peter Schiff posted on social media, saying, "Gold is nibbling away at Bitcoin's market share. Since reaching a high in August, Bitcoin has declined by 32% compared to gold. This Bitcoin bear market is going to be extremely harsh. I recommend that hodlers sell Bitcoin and purchase gold."

October 17th. On October 16th in local time, the U.S. Senate once again failed to get the Republican stopgap funding bill advanced through a vote of 51 to 45. It is reported that the Republicans needed 60 votes to push the bill forward, which would provide funding for the government until the end of November. This indicates that it is the 10th consecutive vote in the Senate over the past two weeks since the U.S. government shutdown and the stopgap funding bill has been rejected. (Golden Ten)

October 17th. Four.meme officially made an announcement regarding a brand upgrade and entered the era of an open Meme ecosystem. Four.Meme is in the process of transitioning from a single platform to an open ecosystem protocol and is launching two new modes: · Free Mode: Users are able to freely create and publish on Four.Meme. · Fair Mode: Evolved from Meme Rush, it is now live on Binance Wallet and Trust Wallet and supports whitelisted participation. The aim is to encourage a greater number of users to participate, restrict a few users from obtaining transaction advantages through technical means, and create a more equitable trading environment. The next step will be to open whitelist partnerships in order to jointly build the most vibrant Meme ecosystem on the BNB Chain.