[Bitpush Daily News Highlights] The US plans to confiscate 127,000 BTC, potentially increasing its bitcoin holdings to 324,000 BTC; Powell hints at possible rate cuts due to weak hiring and rising unemployment; Japan to introduce new regulations banning crypto insider trading; US Republicans propose a bill to codify Trump’s executive order allowing 401(k) investments in cryptocurrency and private equity.

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[The US plans to confiscate 127,000 BTC, potentially increasing its Bitcoin holdings to 324,000 BTC]

According to Bitpush, on-chain analyst Yu Jin has monitored that the US plans to confiscate 127,000 BTC (worth $14.1 billion) from Chen Zhi of Cambodia's Prince Group. This means that the US government now holds 324,000 BTC, valued at $36.2 billion, making it the largest entity holding BTC.

1. The Chen Zhi case documents mention that the BTC to be confiscated is located at 25 addresses, totaling 127,271 BTC. These addresses are labeled as belonging to the LuBian mining pool on Arkham, and were stolen in 2020.

2. In July last year, these BTC were consolidated and transferred once. At that time, the LuBian mining pool even made an on-chain request for their return. The Chen Zhi case documents clearly state that these BTC are now in the hands of the US government, indicating that last July's consolidation was conducted by the US government, not hackers.

3. With the addition of the 127,000 BTC confiscated from Chen Zhi, the US government now holds 324,000 BTC, valued at $36.2 billion.

[Powell hints at possible rate cut again due to weak hiring and rising unemployment]

According to Bitpush and as reported by Golden Ten Data, Federal Reserve Chairman Powell hinted that despite the government shutdown weakening the ability to observe the economy, the Fed plans to cut rates by another 25 basis points later this month. Powell stated that since the September meeting, the economic outlook has not changed and there are downside risks in the labor market. Federal funds futures contracts show that investors believe the probability of a rate cut is close to 100%.

[Japan to introduce new regulations banning cryptocurrency insider trading]

According to Bitpush and as reported by Golden Ten Data, Japan will introduce new regulations to ban cryptocurrency insider trading.

[US Republicans propose bill to codify Trump’s executive order allowing 401(k) investments in cryptocurrency and private equity]

According to Bitpush, US Republican Congressman Troy Downing will introduce a new bill on Tuesday called The Retirement Investment Choice Act, aiming to codify the executive order previously signed by President Trump, allowing cryptocurrency and private equity to be included in 401(k) retirement plan investment options.

The bill is co-sponsored by four Republican lawmakers, including Byron Donalds, Buddy Carter, Warren Davidson, and Barry Moore. Downing stated that this move will allow more American savers to access high-potential alternative assets. Previously, the Biden administration had taken a cautious stance on including crypto assets in retirement plans.

[Stripe's stablecoin company Bridge applies for US national bank trust charter]

According to Bitpush, Bridge, the stablecoin infrastructure company under fintech giant Stripe, is applying to the US Office of the Comptroller of the Currency (OCC) for a national bank trust charter. If approved, Bridge will provide regulated stablecoin issuance, management, and custody services under the framework of the GENIUS Act signed this summer.

Bridge co-founder Zach Abrams stated that this regulatory framework will enable the company to promote the tokenization of trillions of dollars in assets within a compliant system. Since Stripe's $1.1 billion acquisition of Bridge last year, stablecoins have quickly become a core business, including partnerships with Coinbase and Shopify to support USDC payments, and the launch of the Open Issuance platform for custom stablecoin issuance and the payment-optimized blockchain Tempo.

[Binance: No listing fees, margin is for user protection and refundable]

According to Bitpush, Binance's official account Binance Customer Support posted on X, stating, "We have noticed the post by CJ on X on October 14, 2025, which contains false and defamatory allegations against Binance. These allegations are clearly intended to mislead the community and undermine the fairness of Binance's listing process.

1. Binance does not profit from its listing process—the token allocation is for Binance users. Binance does not charge listing fees, but requires a margin to protect user interests. This ensures that projects can continue to operate after listing. The margin is usually refundable within 1-2 years under certain conditions. CJ's allegations contradict the Binance proposal terms he himself published.

2. The allegations that Binance and its founders have been dumping 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 behavior undermines the confidentiality that is recognized as necessary for sensitive information in the industry and community.

Given the extremely egregious and unforgivable nature of CJ's actions, Binance expressly reserves all rights, including taking legal action to protect Binance's interests."