October 20th news, Bitcoin Core 25.1 has been officially released, significant improvements include #27622 fee estimation (avoiding outdated fee estimation), #27727 rpc (fixing invalid bech32 address handling) and some bug fixes, etc.

October 19th, a dormant Bitcoin address (1DabG) was activated and transferred 200 Bitcoins worth $5.74 million. The 1DabG address originated on November 1, 2012, when the price of BTC was $11.20, meaning the initial value of the wallet was $2,240.

The Lightning payment application Strike has partnered with Bitrefill to launch a new feature that allows users to purchase daily necessities using Bitcoin. Through this integration, users can use their held Bitcoin to purchase gift cards, meaning Strike app users can shop at many of their favorite stores, subscribe to streaming platforms, and conduct various online transactions.

Bitcoin asset management platform Onramp is collaborating with BitGo. Onramp's multi-institutional custody product aims to avoid single-point failures and bring more institutional investors, financial intermediaries, and high net worth individuals into the crypto field. This issuance will divide key-holding responsibilities among three institutions: BitGo Trust, Kingdom Trust, and Coincover. Two of the three keys are required to transfer funds in the direction of the final client.

Jameson Lopp, the Chief Technology Officer of Bitcoin custody company Casa, called for more Layer 2 and sidechain development on Bitcoin at the Bitcoin Unleashed conference in London. Lopp stated, "I hope people can innovate on protocols that are related to Bitcoin but different, so we don't have to constantly fight to change the fundamental protocol." 

Bitfinex CTO Paolo Ardoino said that the RGB protocol is the "best opportunity" to issue stablecoins on Bitcoin. Ardoino believes that RGB is the "legitimate successor" to Omni after Tether stopped using Omni to issue USDT stablecoins. RGB is a smart contract system and off-chain protocol for Bitcoin and the Lightning Network, which can mint and issue digital assets based on Bitcoin. According to its website, it was originally conceived in 2016 by Bitcoin educator Giacomo Zucco as a "non-blockchain based asset system" that leveraged earlier ideas from Bitcoin core developer Peter Todd.

Charles Edwards, the founder of Bitcoin and digital asset fund Capriole Investments, cited the latest data from blockchain analysis company Glassnode on social media, stating that 76.2% of Bitcoin in the Bitcoin network is held by long-term holders, setting a new historical high.

Following false news of a spot Bitcoin ETF approval, the BTC price has stabilized above $28,000. Bitcoin options data shows that long positions are gaining strength, indicating growing confidence in longer-term price increases. Over 10,000 BTC block call options were traded today, representing over 40% of the day's total options activity.

CryptoQuant, an on-chain data provider, predicts that the approval of a Bitcoin exchange-traded fund (ETF) by the SEC could cause the price of BTC to increase by over 150%. If Wall Street firms that have applied to issue a spot Bitcoin ETF allocate even a small fraction of their assets under management to BTC, billions of dollars could flow into the market and double the price of Bitcoin.

On October 19th, Mango Markets, a decentralized exchange based on Solana, announced a community proposal for the launch of tBTC, a wrapped Bitcoin asset, on the Threshold Network. The proposal has passed the required threshold of legal approvals and tBTC will soon be available for trading.