[Comparing Daily News Picks] Forbes: Elon Musk became the first millionaire in history to surpass 500 billion US dollars; Strategy bought 42,706 bitcoins in Q3 this year, worth over 5 billion US dollars; Sui Group Holdings plans to launch two stablecoins in partnership with Ethena

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[Forbes: Elon Musk becomes the first person in history to surpass $500 billion]

Comparative news, according to Forbes: Tesla CEO ElonMuskHe became the first person in history to surpass 500 billion dollars in net worth.

According to data from the “Forbes” real-time billionaire tracking system, as of October 1 at 3:30 p.m. EST, the richest man in the world was worth 500 billion US dollars. Musk became the first billionaire to surpass 400 billion US dollars in December last year. Currently, he is worth 150 billion US dollars more than second-place Larry Ellison, and is only one step away from becoming the world's first trillionaire.

【StrategyI bought 42,706 bitcoins in Q3 this year, worth over $5 billion]

Comparatively, Strategy bought 42,706 bitcoins worth over $5 billion in the third quarter of 2025.

【Sui Group HoldingsPlan andEthena[Cooperate to launch two stablecoins]

According to The Information on Wednesday, Sui Group Holdings, a NASDAQ-listed digital asset library based on SUI, plans to launch two stablecoins on the Layer 1 blockchain.

The report said, “The company will launch two types of stablecoins: SuiUSde, which will provide revenue to holders; USDi, which will not pay proceeds to holders.” “The company is partnering with stablecoin startup Ethena to issue these two tokens and will go live by the end of this year.”

According to a statement, Sui Group Holdings said last month that it held SUI tokens worth over $300 million after the company increased its SUI token holdings by around 20 million.

【Bullish[Licensed by the New York Department of Financial Services (NYDFS) to launch in-stock crypto trading]

According to Twitter, the crypto platform Bullish (BLSH) obtained a BitLicense and remittance license from the New York State Department of Financial Services (NYDFS) last month, and officially launched spot trading in the US.

The deal is now live in 20 US states and regions, including California, New York, and Washington, D.C.

Bullish Exchange said that although it is still new to US users, it has been operating internationally since the end of 2021, with a cumulative trading volume of over $1.5 trillion. The cryptocurrency platform owns CoinDesk and was listed on the New York Stock Exchange (NYSE) in August. Currently, the stock is trading at $63.36 per share, which is 70% higher than the IPO price.

The exchange is aimed specifically at institutional clients and uses a hybrid model combining a central price limit order book and automated market making to stabilize liquidity and improve trade execution even in volatile environments.

【Matrixport: If the price of Bitcoin remains above $108,000, the “increase in October” will continue]

Comparing news, Matrixport released today's chart saying, “We were resolutely bullish in October 2022, late September 2023, and early October 2024. The first two judgments deviated from mainstream market opinions at the time, but in the end they were all confirmed by subsequent trends.

Today, Bitcoin is once again entering its strongest performance ever in October. Over the past ten years, the average increase in October was 21.6%, and negative returns were recorded in just one year. This rule shows that the current market environment still favors bulls.

If the price of Bitcoin remains above $108,000, the market's seasonal advantage is likely to continue.”

[Bitcoin lending platformLavaCompleted $17.5 million financing and launched a dollar yield product; former Visa and Block executives participated]

Comparative news, according to The Block, Lava, a platform focused on Bitcoin collateral lending, announced that it has completed Series A expansion financing of 17.5 million US dollars and simultaneously launched a new dollar yield product. The funding round was supported by a number of angel investors, including Peter Jurdjevic of the Qatar Investment Authority and former executives of Visa and Block (formerly Square).

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