Important remarks from Federal Reserve Chairman Powell!
Corporate purchases of Ethereum surge!
A historic rise in gold prices!
The birth of a new bank challenging Silicon Valley banks!
Major developments in the Bitcoin market!
Let’s analyze the news about the global economy and cryptocurrencies and consider economic trends together! Thursday, October 16th, we’ll be discussing today’s cryptocurrency news and on-chain market conditions.
This program brings you the latest news to help you with your asset formation. Let’s start by looking at 24-hour data headlines from the cryptocurrency market.
First, let’s start with the news that Federal Reserve Chairman Powell suggested the end of balance sheet reduction may be near.
On October 16, Chairman Powell indicated that the Federal Reserve’s balance sheet reduction, which involves selling and redeeming assets, may be nearing an end. This is seen as a sign that monetary policy tightening is winding down.
The background to this is that the Federal Reserve has continued to release large amounts of Treasury bonds and mortgage-backed securities into the market in an effort to curb inflation. However, recent economic indicators and financial market stability have led to signs of a slowdown in the pace of this reduction.
Past examples show that once balance sheet reduction is complete, market liquidity improves, encouraging capital inflows into risky assets such as stocks and cryptocurrencies. Market participants are paying close attention to this trend, as it could mark a turning point in future monetary policy.
Next, we have some very interesting data on Ethereum. A report has shown that in the third quarter of 2025, corporate purchases accounted for 95% of all Ethereum (ETH) purchases. This suggests that Ethereum may be entering the early stages of a “super cycle.”
Companies are buying up large amounts of ETH due to Ethereum’s widespread use as a platform for smart contracts and growing demand in areas such as DeFi (decentralized finance) and NFTs (non-fungible tokens). These trends could be seen as evidence of strong real demand that goes beyond mere speculation.
In fact, in the cryptocurrency market in the past, large corporate purchases have often signaled the start of a new uptrend, so market participants are excited about this data.
Now, let’s turn our attention to the gold market. Gold prices have reached an all-time high, sparking “gold mania.” Furthermore, bank runs have been observed at some stores, with people lining up to buy gold bars and bullion.
This trend reflects the surge in demand for gold as a safe-haven asset amid global financial uncertainty and rising geopolitical risks. Investors are increasingly shifting to physical gold to escape stock market volatility and currency instability.
This phenomenon has also been seen during past financial crises, indicating that the current market sentiment is becoming increasingly cautious and wary.
Next, a new bank called Erebor, backed by Peter Thiel, has been approved in the United States. This bank is attracting attention as a replacement for the failed Silicon Valley Bank (SVB).
Erebor aims to provide specialized services to Silicon Valley bank clients and startups, providing a new financial infrastructure for the technology industry. This is seen as an important step toward the recovery of the local economy and innovation ecosystem.
Finally, from the Bitcoin market, a major investor known as a “hyperliquid whale” opened a large new short position of 1,240 BTC.
This could be interpreted as a contrarian short position amid market expectations of a Bitcoin price rise. This move has created tension in the market, with some traders and investors wary of future price fluctuations.
Such large-scale movements have a significant impact on market sentiment and liquidity, and will therefore be an important indicator of the future direction of Bitcoin prices.
Let’s summarize the psychological and economic impact of this news.
First, the possibility of the Fed ending its balance sheet reduction will bring relief to the market and stimulate investment in risky assets, which could also benefit the cryptocurrency market.
Second, corporate Ethereum purchases indicate strong market formation driven by real demand and are expected to mark the beginning of a “super cycle,” which will lead to a long-term growth scenario.
Third, rising gold prices and increased physical demand indicate persistent caution about the unstable global situation and financial environment. Investor sentiment is shifting toward safety.
Fourth, the launch of the new bank, Erebor, marks an important milestone in the rebuilding of financial infrastructure following the collapse of Silicon Valley banks, and continued support for the technology industry is expected.
Fifth, Bitcoin short positions by large investors indicate divided opinions among market participants regarding price outlooks, suggesting the possibility of increased market volatility.
That concludes today’s news highlights. Our channel provides in-depth, specialized features focused on valuable news in the cryptocurrency world. If you find this channel valuable, please share, follow, and turn on notifications.
See you tomorrow.
