XAI is currently planning a $20 billion Nvidia chip leaseback transaction

On October 17th, the recent weak performance of Bitcoin appears to have dampened market enthusiasm, and Google search interest has dropped to a multi-month low. The latest market sentiment index reflects the typical characteristics of a bear market phase, with cautious sentiment prevailing in the entire crypto market. The Crypto Fear and Greed Index has dropped to 24, which is in the "Fear" level and the lowest point in the past year, a sharp decline from 71 last week. This decline is similar to the sentiment when Bitcoin briefly dropped below $74,000 in April this year, echoing the market fatigue cycles of 2018 and 2022. Although sentiment has dropped sharply, Bitwise analysts believe that the current situation is more suitable for "buying the dip" rather than withdrawing. The company's research director André Dragosch, senior researcher Max Shannon, and research analyst Ayush Tripathi stated that the recent correction is mainly driven by external factors, including a renewed escalat

On October 17th, based on Coinglass data, during the past 24 hours, there have been liquidations amounting to $710 million throughout the entire network. A total of 217,395 people have been liquidated globally. The long liquidations reached $508 million and the short liquidations were $202 million. The largest single liquidation took place on Hyperliquid - BTC-USD, totaling $20.4274 million.

October 17th. The AI infrastructure project Voyage announced the completion of a $3 million Pre-Seed funding round. Participating in this round were a16z Speedrun, Alliance DAO, Solana Ventures, LECCA Ventures, IOSG VC, Big Brain VC, MH Ventures, GAM3GIRL VC, Y2Z Ventures, as well as Varun Srin, the co-founder of Faracaster, and Kuan Huang, the former Uniswap executive. Voyage aims to build the first "GEOFi" network. It is establishing a fair distribution layer for the citation system of AI-generated content to reward genuine knowledge contributors. The project structures human knowledge for AI reference through AI-guided dialogues, forming a "more citation - more contribution - more trust" cycle. Voyage states that its goal is to become an "AI-referencable human knowledge platform" to ensure that creators receive the rightful value in return.

On October 17th, based on HTX market data, Bitcoin experienced a rebound and exceeded $109,000, with a 24-hour decline of 1.4%.

On October 17th, based on Coinglass data, Bitcoin's year-to-date return rate for the month of October currently stands at -4.74%. In contrast, the historical average return rate for this period is +21.89%. As was reported earlier, on October 1st, since 2013, Bitcoin has had an average October return rate of +21.89%. Out of the past 12 years, only 2 years have seen a negative October return rate, specifically in 2014 and 2018.

On October 17th, the yield of the U.S. two-year Treasury note experienced a first-time drop below 3.44% since April. (FX168)