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On October 14, the U.S. Department of Justice announced criminal charges against Chen Zhi, founder of Cambodia's Prince Group, and successfully seized 127,271 BTC under his control, with a market value of approximately $15 billion. This event marks not only the largest judicial seizure of virtual assets in history, but also a public demonstration of state power directly exercising control over on-chain assets.
What drives the market is not only cold economic data, but also greed, fear, and the unpredictable nature of human behavior.
Overview of key market events on October 15th.
The U.S. Department of Justice has seized 127,271 BTC controlled by Chen Zhi, the founder of Cambodia's Prince Group, with a market value of approximately $15 billion, making it the largest judicial seizure of Bitcoin in the world. The case involves fraud, money laundering, and hacking, demonstrating the state's judicial control over on-chain assets. Summary generated by Mars AI. This summary is produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
- 02:37Data: Gold becomes the first asset in history to reach a market value of 30 trillion USDChainCatcher News, according to 8marketcap data, gold has become the first asset in history to reach a market capitalization of 30 trillion USD. The total market value of gold jumped from 18 trillion USD in 2024 to the current 30 trillion USD, an increase of 12 trillion.
- 02:27Japanese and South Korean stock markets both closed higher, with the South Korean index reaching a new record high.Jinse Finance reported that South Korea's KOSPI index closed up 91.09 points, or 2.49%, at 3,748.37 points on Thursday, October 16, setting a new all-time high. The Nikkei 225 index closed up 605.07 points, or 1.27%, at 48,277.74 points on Thursday, October 16. (Golden Ten Data)
- 02:26Ripple announces $1 billion acquisition of financial management system company GTreasuryChainCatcher reported that Ripple announced the acquisition of financial management system company GTreasury for $1 billion. This transaction marks a significant expansion for Ripple, opening up the multi-trillion dollar corporate finance market and reaching numerous enterprise clients. GTreasury has over forty years of experience providing financial operations support to globally renowned brands. Ripple CEO Brad Garlinghouse stated: "For a long time, capital has been trapped in slow, outdated payment systems and infrastructure, resulting in unnecessary delays, high costs, and barriers to entering new markets—problems that blockchain technology is ideally suited to solve. The combination of Ripple and GTreasury's capabilities will bring the best of both worlds, finally enabling finance and treasury teams to put trapped capital to work, process payments in real time, and unlock new growth opportunities."