On October 20, Strive's new preferred shares $SATS completed its IPO, raising $630 million and listing on Nasdaq. The funds raised will be used to increase Bitcoin holdings and acquire cash-generating income-producing assets. SATS is a perpetual cumulative preferred stock with a fixed annual dividend rate of 15%, distributing dividends daily on trading days; the first dividend payment date is set for November 9, 2026, with the record date on November 6. In terms of liquidation preference, SATS ranks below the previously issued SATA and above the common stock ASST.

According to a Reuters report on October 20, ByteDance, Alibaba, and Tencent have collectively ordered over 3 million RTX PRO 5500 workstation graphics cards from Nvidia, with each card priced at approximately $11,400, bringing the total order value to over $35 billion. This chip complies with U.S. export control requirements for China and is designed for AI inference and graphics rendering, rather than high-end data center training chips like the B300 or H200. Sources indicate that domestic demand has exceeded 6 million units, but Nvidia's global production capacity is limited to only 3 million units by 2027, meaning manufacturers may receive only 5%-10% of their requested share, and Nvidia cannot guarantee full delivery. Despite ongoing efforts to promote domestic chip alternatives, this large order reflects the continued demand from domestic companies for Nvidia's CUDA ecosystem and computing power. ByteDance, Alibaba, Tencent, Nvidia, and relevant regulatory agencies have not yet commented on Reuters' report.

On October 20, JPMorgan included Bitcoin (BTC) in its latest long-term capital assumption report for the first time. The report, which outlines long-term capital assumptions for 2027, explores the predicted range of BTC returns. JPMorgan forecasts the 10-year annualized returns for Bitcoin under baseline, bullish, and bearish scenarios to be 10.0%, -11.2%, and 16.6%, respectively. Due to Bitcoin's historically unstable correlation with other assets and its extremely high volatility, JPMorgan did not include Bitcoin in the main covariance matrix but instead incorporated it into a simplified independent version. The matrix data shows that Bitcoin's 10-year annualized return baseline is a compound return rate of 10.0%, an arithmetic return rate of 20.9%, and an annualized volatility of 55.0%. BTC is projected to outperform core dollar assets such as cash, diversified bonds, and large-cap stocks, making it the best-performing asset over the next decade.

On October 20, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net inflow of $526.64 million yesterday.

On October 20, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net outflow of $103.28 million yesterday.

Market data shows that BTC has surpassed $82,000, currently priced at $82,002, with a 24-hour decline of 0.74%. The market is experiencing significant volatility, so please ensure proper risk management.

Market data shows that BTC has surpassed $82,000, currently priced at $82,038.65, with a 24-hour increase of 0.31%. The market is experiencing significant volatility, so please ensure proper risk management.

Market data shows that ETH has surpassed $2400, currently priced at $2400.26, with a 24-hour decline of 1.33%. The market is experiencing significant volatility, so please ensure proper risk management.

Market data shows that BTC has surpassed $81,000, currently priced at $81,016.34, with a 24-hour decline of 1.53%. The market is experiencing significant volatility, so please ensure proper risk management.

Market data shows that BTC has fallen below $80,000, currently priced at $79,940.09, with a 24-hour decline of 3.44%. The market is experiencing significant volatility, so please ensure proper risk management.