#我的Gate交易时刻 October 20 · Cryptocurrency Market News: BTC faces risks, Strategy STRC cancels its anchoring mechanism; Microsoft warns Windows crypto users; Iran suspends peace negotiations

Bitcoin's days are tough, with the STRC strategy ultimately failing, Iran's peace talks stalling before they even began, and Microsoft just warning all Windows users involved with cryptocurrencies to wake up.

Strategy Chairman Saylor tweeted this morning in an unusually calm tone, which is very different from his usual style. His tweet was passionate but without any sales pitch, which is somewhat concerning. Meanwhile, a video he posted earlier has resurfaced, in which he claims to have used ChatGPT to build part of the Bitcoin strategy mechanism.
In fact, the link between STRC and Bitcoin has been broken since May, and with Bitcoin's current trend, the situation is worsening. STRC used to actively buy Bitcoin when its price was above face value, but now that the price has fallen below $100, buying pressure seems to have disappeared. If STRC stops accumulating Bitcoin, Bitcoin could lose an active buyer. Some analysts even believe that forced selling may occur next. This may be temporary; once Bitcoin's price recovers, the peg mechanism might be restored. But in any case, Saylor and his STRC strategy are currently in a bleak situation with Bitcoin. Critics say this is reminiscent of the dot-com bubble burst. We can expect that concerns about STRC will not dissipate quickly before Bitcoin's price rises.

Iran's peace negotiations were delayed just 24 hours after the memorandum was signed: Bitcoin, STRC, and Saylor's company are in jeopardy
Switzerland announced today that the scheduled US-Iran meeting on Friday will be postponed. Reports indicate that Iran paused the entire 60-day negotiation process less than a day after the initial agreement, blaming the Lebanese airstrike. U.S. Secretary of State Antony Blinken's schedule has also quietly been canceled.
Currently, it appears that Iran's peace agreement has been completely shelved. Meanwhile, the Pentagon, after spending far more than the $29 billion acknowledged in May for the Iran conflict, is now requesting an additional $80 billion in funding. This does not include its multi-trillion-dollar budget. The escalating geopolitical tensions mean that risk assets and anyone employing leveraged Bitcoin strategies will face more short-term pain.

Microsoft warns Windows users to beware of crypto attacks
Microsoft Threat Intelligence has issued a warning about malicious clipboard malware that has been active since February. It replaces wallet addresses in the clipboard, spreads via malicious lnk files on USB drives, and even runs the Tor browser in the background.
How does it work? Once your computer is infected, backdoor programs enter the system, which is very dangerous for Windows users. When you copy an address, the malware will alter it, tricking you into transferring funds to the wrong address. Currently, Microsoft has labeled it as Trojan:Win32/CryptoBanditsA. If you are trading cryptocurrencies on Windows, or even just stablecoins, now might be the best time to take precautions. Carefully check each address, use hardware wallets, and avoid clicking shortcuts at random. This could teach you an expensive lesson.

Bitcoin and other market dynamics
Morgan Stanley has updated its filings for Ethereum and Solana spot ETFs, lowering fees to 0.14%, making it the lowest-cost option on the market. Meanwhile, Franklin D. Roosevelt has filed for two new products that can automatically convert stock dividends into Bitcoin, with a maximum investment ratio of 20%, planned for launch in September.
In the prediction market sector, Polymarket's competitor Kalshi is preparing to go public, with a valuation of up to $22 billion and annual revenue exceeding $2 billion. This prediction market platform raised $1 billion in its Series F funding round in May, valuing it at $22 billion. The round was led by Coatue, with Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest also participating.
Regarding market share in prediction platforms, Dune reports that Bitcoin currently offers no help for STRC (Iran's super fund) predicament, and Iran's peace process also seems precarious. Microsoft's warning raises questions about the security of cryptocurrencies. But big money isn't waiting for the perfect moment. They are still issuing ETFs, raising funds, and building infrastructure. Participants in Bitcoin cycles have long been aware of this.