Bitpush editors handpick the following Web3 news for you every day:
The United States plans to confiscate 127,000 BTC, and its Bitcoin holdings may increase to 324,000.
According to on-chain analyst Yu Jin, the US plans to confiscate 127,000 BTC (US$14.1 billion) from Chen Zhi of Cambodia's Prince Group. This means the US government now holds 324,000 BTC, valued at US$36.2 billion, making it the largest BTC holder.
1. Chen Zhi's case documents mention that the planned confiscation of BTC is located in 25 addresses, totaling 127,271 coins. These addresses are marked on Arkham as belonging to the LuBian mining pool and were stolen in 2020.
2. These BTC were collected and transferred in July of last year, and at that time, the LuBian mining pool even issued an on-chain call for their return. However, Chen Zhi's case documents clearly state that these BTC are now in the hands of the US government, which means that the collection in July last year was likely carried out by the US government, not hackers.
3. Including the 127,000 BTC confiscated from Chen Zhi, the US government now has 324,000 BTC worth $36.2 billion.
Powell hints at another rate cut as hiring weakens and unemployment rises
According to Jinshi, Federal Reserve Chairman Powell hinted that the Fed plans to cut interest rates by another 25 basis points later this month, despite the government shutdown's reduced ability to monitor the economy. Powell stated that the economic outlook has remained unchanged since the September meeting, and that downside risks to the labor market exist. Federal funds futures contracts indicate that investors believe the probability of a rate cut is nearly 100%.
Japan to introduce new regulations to ban insider trading of cryptocurrencies
According to Jinshi, Japan will introduce new regulations to ban insider trading of cryptocurrencies.
The US Republican Party has introduced a bill to codify Trump's executive order allowing 401(k)s to invest in cryptocurrencies and private equity.
U.S. Republican Congressman Troy Downing will introduce a new bill on Tuesday called the Retirement Investment Choice Act, which aims to legislate an executive order previously signed by President Trump to include cryptocurrencies and private equity in 401(k) retirement plan investments.
The bill was co-sponsored by four Republican senators, including Byron Donalds, Buddy Carter, Warren Davidson, and Barry Moore. Downing said the move would allow more American savers to access high-potential alternative assets. Previously, the Biden administration had been cautious about incorporating crypto assets into retirement plans.
Stripe 's stablecoin company Bridge applies for a US national bank trust license
Bridge, the stablecoin infrastructure company under fintech giant Stripe, is applying for a national bank trust charter from the U.S. Office of the Comptroller of the Currency (OCC). If approved, Bridge will be able to provide regulated stablecoin issuance, management, and custody services under the GENIUS Act, signed into law this summer.
Bridge co-founder Zach Abrams stated that this regulatory framework will enable the company to facilitate the "tokenization of trillions of dollars in assets" within a compliant system. Since Stripe acquired Bridge for $1.1 billion last year, the company has rapidly incorporated stablecoins into its core business, including partnering with Coinbase and Shopify to support USDC payments, launching the Open Issuance platform for issuing custom stablecoins, and the payment-optimized blockchain Tempo.
Binance: No listing fees, user-protected and refundable security deposits
Binance Customer Support, the official account of Binance, posted on the X platform, “We have noticed a post published by CJ on the X platform on October 14, 2025, which contains false and defamatory accusations against Binance. These accusations are clearly intended to mislead the community and undermine the fairness of Binance’s coin listing process.”
1. Binance does not profit from its listing process—token distribution is targeted at Binance users. Binance does not charge listing fees, but requires a security deposit to protect user rights. This ensures that projects can continue operating after listing. The security deposit is typically refundable within one to two years under certain conditions. CJ's allegations contradict the terms of the Binance proposal he himself published.
2. The allegations that Binance and its founder have been selling tokens are also completely untrue and unfounded.
3. We are shocked by CJ’s illegal and unauthorized disclosure of confidential communications with Binance. Such public actions undermine the confidentiality of sensitive and confidential information recognized by the industry and community.
Given that CJ’s behavior is extremely egregious and inexcusable, Binance expressly reserves all rights, including taking legal action, to protect Binance’s interests.”
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