According to data from MarcoMicro, the current cost of Bitcoin production has reached $112,084, while historical data shows that the production cost peaked at $115,098.12 on October 9th. Analysts believe that the recent increase in Bitcoin production costs means that most Bitcoin mining companies will face challenges in terms of sales and administrative expenses, requiring them to reduce costs to maintain profitability.

According to ME News, on November 1st (UTC+8), the decentralized custody network Zenrock launched the ZEC-wrapped asset zenZEC on Solana, with no fees for the first week of minting zenZEC. Furthermore, users who mint zenZEC can earn rewards by providing liquidity to two liquidity pools on Orca: zenZEC/zenBTC and zenZEC/ROCK. The total rewards include 2.8 million ROCK and 1500 ORCA, and the liquidity incentives will last for 12 weeks.

On November 1st, Bijie.com reported that Michael Saylor, founder and executive chairman of Bitcoin treasury company Strategy, posted on the X platform: "The only thing to worry about this Halloween is not having enough Bitcoin."

According to Bijie.com: 1. October Web3 funding totaled $3.877 billion, the second highest in history; 2. Analysis: The "halving-after-fall" pattern for Bitcoin may have broken down, and a stable bull market may continue; 3. Polymarket predicts an 88% probability of GEN.G winning the League of Legends match against KT; 4. EtherFi CEO: Investigating EtherFi card fraud, all defrauded users will receive refunds; 5. Analysis: BTC's supply structure is rapidly tightening, and potential large fluctuations are imminent; 6. Garden Finance co-founder confirms approximately $11 million in losses due to an attack, user funds are unaffected; 7. ether.fi: TVL surpasses $11.5 billion, Q3 fee revenue reaches $77 million; 8. Bitcoin mining company TeraWulf completes $1.025 billion convertible senior note issuance; 9. OKX will launch LABUSDT perpetual contracts; 10. Two whales... The ZEC long position yielded a profit of over $4 million, but the overall unrealized loss is still around $5 million.

According to CoinWorld.com, on November 1st, Sentora released its weekly market report, "Perpetual Contract Monthly Trading Volume Surpasses $1 Trillion, Fed Rate Cut: What's the Future of DeFi?". The report stated that Bitcoin on-chain transaction fees slightly declined, decreasing by 8.6% to $2.03 million. This indicates that the current rise in BTC is driven more by spot accumulation than by a surge in trading demand. Seven-day trading platforms saw a net outflow of $2.06 billion, sending a strong bullish signal and indicating a robust accumulation trend in the market, with investors transferring Bitcoin to their own accounts for long-term holding, thus reducing spot supply. Decentralized perpetual contract trading volume surpassed the $1 trillion monthly mark for the first time. According to DefiLlama data, 30-day perpetual futures trading volume is currently approximately $1.3 trillion (rolling data), with open interest at approximately $17.9 billion, achieving a structural leap. On-chain derivatives are no longer trivial matters, and on-chain traders now possess sufficient capital depth. Macroeconomic news is now disseminated rapidly through funds and open interest rather than spot trading. The second interest rate cut this year was widely anticipated after the policy shift in September. Historical experience shows that the greatest volatility in the cryptocurrency market often occurs during the initial policy adjustment, while the impact of subsequent rate cuts gradually diminishes or even becomes negative. Powell's refusal to guarantee continued easing in December was unexpected.

According to CryptoOnchain's chart published on its X platform, Bitcoin withdrawals on Binance surged fourfold in late October, jumping from 850 to 3,500 in just two days. Whales are moving coins out of exchanges—a classic sign of accumulation and growing long-term confidence. If this trend continues, the resulting decrease in liquidity could pave the way for the next round of BTC price increases.

According to Farside Investors, the U.S. spot Bitcoin ETF saw a net outflow of $179.2 million yesterday.

According to Bijie.com, Cango, a US-listed Bitcoin mining company, announced on the X platform that it mined 136.4 BTC this week, increasing its total Bitcoin holdings to 6394.3 BTC, with a current mining hashrate of 50 EH/s.

According to CoinWorld, as ZEC briefly broke through $430, crypto KOL Ansem posted on the X platform, stating, "Buying Zcash (ZEC) at $432 is just like buying Bitcoin at $432."

According to HTX market data, on November 1st, the privacy token ZEC was trading at $420, up 17.3% in the last 24 hours and 52% in the last 7 days. Its surge began on October 1st when renowned Silicon Valley angel investor Naval stated that "ZCash is insurance against Bitcoin," and his recommendation has since resulted in a 472% increase. BitMEX co-founder Arthur Hayes has also been frequently recommending ZEC recently, stating on October 30th that "nothing can stop this train, ZEC will rise to $10,000," and again yesterday, predicting a break above $400. With ZEC's continued rise, the total market capitalization of the privacy token sector has reached $22.7 billion, up 7.3% in the last 24 hours, with a trading volume of approximately $2.4 billion. The following tokens have performed exceptionally well: Dash is currently trading at $55.43, with a market capitalization of approximately $692 million, up 22.2% in the last 24 hours; XMR is currently trading at $331.6, with a market capitalization of approximately $6.12 billion, up 3.6% in the last 24 hours; and LTC is currently trading at $95.49, with a market capitalization of approximately $7.29 billion, up 2.2% in the last 24 hours.

According to Bijie.com, Nasdaq-listed Bitcoin mining company TeraWulf announced the completion of a $1.025 billion convertible senior note offering, exceeding the previously announced $900 million private placement. This includes $125 million in notes issued under an additional note purchase option granted to initial purchasers. Net proceeds after fees are close to $1 billion. The new funds will be used for the construction of a data center campus in Abernathy, Texas, and other corporate purposes.

On November 1st, CoinWorld reported that U.S. Treasury Secretary Scott Bessent tweeted that 17 years after the release of the Bitcoin white paper, the Bitcoin network is still functioning well and is more robust than ever. Bitcoin will never shut down. He added, "Senate Democrats might learn something from this."

On November 1st, Bijie.com reported that Elon Musk stated on a podcast that he plans to launch a standalone instant messaging application called "X Chat" to compete with Telegram and WhatsApp, and it is expected to launch in the coming months. "It uses a peer-to-peer encryption system, kind of like Bitcoin. The encryption is very good; we are conducting full-scale testing," Musk added, noting that it will not have any "ad-driven" content. He pointed out that competitors like WhatsApp "target ads based on your chat content."

According to CoinHub, California regulators have fined the cryptocurrency ATM operator Coinhub $675,000 for violating digital asset laws. The fine includes $105,000 in restitution to California consumers who were charged more than permitted fees and charges when using cryptocurrency ATMs.

According to CoinWorld, Steak 'n Shak, the American fast-food chain, announced the establishment of a strategic Bitcoin reserve, where all payments made in Bitcoin will be deposited. Over the next 12 months, Steak 'n Shak will donate 210 satoshis from the sale of every Bitcoin meal to the Open Sats Initiative, Inc.

According to Lookonchain, two newly created wallets withdrew 2,000 BTC (US$220 million) from Binance in the past two hours.

According to Bijie.com, on October 31st, Tether Attestation released its financial report for the first three quarters of 2025. As of the end of the third quarter of 2025, the company's year-to-date net profit exceeded $10 billion. As of September 30, 2025, Tether had over 500 million users worldwide and held $6.8 billion in excess reserves as a financial buffer. New USDT issuance this year exceeded $17 billion, bringing the total circulating supply of USDT to over $174 billion. Tether's total exposure to US Treasury bonds (direct and indirect) reached a record high of approximately $135 billion, making it one of the world's largest holders of US government debt, ranking 17th among countries, surpassing South Korea. Furthermore, Tether holds $12.9 billion in gold and $9.9 billion in Bitcoin reserves, representing approximately 13% of its total reserves. The financial report shows that the company's total liabilities amounted to $174.445 billion, of which $174.357 billion was related to issued digital tokens. As of the end of the third quarter, Tether's assets exceeded its liabilities by $6.778 billion.

According to Bijie.com, Nasdaq-listed healthcare company Prenetics has increased its holdings by 100 BTC at an average price of $109,594, bringing its total holdings to 378 BTC.

According to CoinJie.com, on-chain data shows that at 21:18 (UTC+8) today, Grayscale Bitcoin Trust (GBTC) and Bitcoin Mini Trust addresses transferred a total of approximately 173.68 BTC (approximately $19.09 million) to Coinbase Prime. Specifically, Grayscale Bitcoin Mini Trust transferred out 79.68 BTC (approximately $8.76 million), and Grayscale Bitcoin Trust transferred out 94.00 BTC (approximately $10.33 million).

According to Bijie.com, Nasdaq-listed Prenetics announced that it has spent approximately $11 million to acquire 100 more Bitcoins at an average price of $109,594. As of now, the company's Bitcoin holdings have increased to 378 (worth approximately $41 million).