BREAKING: Ripple CEO Reacts to Company's $1 Billion Acquisition

The post Gold Hits $3,700 as Sprott’s Wong Says Dollar’s Store-of-Value Crown May Slip appeared on BitcoinEthereumNews.com. Gold is strutting its way into record territory, smashing through $3,700 an ounce Wednesday morning, as Sprott Asset Management strategist Paul Wong says the yellow metal may finally snatch the dollar’s most coveted role: store of value. Wong Warns: Fiscal Dominance Puts U.S. Dollar on Notice, Gold on Top Gold prices eased slightly to $3,678.9 […] Source: https://news.bitcoin.com/gold-hits-3700-as-sprotts-wong-says-dollars-store-of-value-crown-may-slip/

PANews reported on October 17th that according to Caixin, Nasdaq-listed QMMM Holdings (NASDAQ: QMMM) announced on September 9, 2025, plans to invest $100 million in a cryptocurrency reserve, sending its stock price soaring 9.6-fold in three weeks. At the end of September, the US SEC suspended trading of the company, alleging it was suspected of manipulating its stock price through social media platforms. The suspension remains in effect. Caixin visited its Hong Kong headquarters on October 16th and found the office deserted. Upon contacting staff at another nearby company, they stated that the company had relocated in September and were unaware of the relocation. QMMM is reportedly listed on the Nasdaq in July 2024 and is registered in the Cayman Islands as a holding company. QMMM operates two subsidiaries: Manymany Creations and Quantum Matrix, both primarily engaged in media and animation production. Both are registered in Seaview Building near Tin Hau MTR Station in Hong Kong, and their registered business types are "advertising and market research."

PANews reported on October 17th that according to Reuters, Laos' Deputy Energy Minister Chanthaboun Soukaloun revealed that Laos is considering stopping power supply to cryptocurrency mining farms by the first quarter of 2026. The goal is to reallocate domestic electricity to industries that contribute more to economic growth. The government's current goal is to prioritize power supply to industries such as artificial intelligence data centers, metal refining, and electric vehicles. Laos has begun to cut power supply to cryptocurrency mining farms, which currently consume about 150 megawatts of electricity, a 70% decrease from the peak of 500 megawatts in 2021 and 2022. Soukaloun said: "The cryptocurrency industry cannot create value compared to supplying electricity to industrial or commercial users. In 2021, due to the domestic electricity oversupply, we proposed to the government to supply electricity to the cryptocurrency mining industry, but now the industry creates few jobs and there is no supply chain that can benefit the economy. Laos originally planned to stop power supply this year, but because of abundant rainfall, hydropower production increased and electricity exports to neighboring Thailand and Vietnam increased, the power supply continued."