Live: Market Rebound and Other Crypto News for Oct. 20

Binance founder Changpeng Zhao predicts Bitcoin will eventually surpass gold’s $29.67 trillion market capitalization, though he doesn’t specify when this flip will occur.

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Prediction: Bitcoin will flip gold.

I don't know exactly when. Might take some time, but it will happen. Save the tweet. pic.twitter.com/bR4Bq0JeVE

— CZ 🔶 BNB (@cz_binance) October 20, 2025

This bold claim comes as gold continues hitting consecutive all-time highs while Bitcoin struggles with increased volatility, currently trading at $110,646 compared to its peak of $126,230.

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Blockchain.com is exploring a US public listing through a SPAC deal with Cohen & Company as advisor, following a multi-year preparation that includes raising funds at valuations up to $14 billion and strengthening its leadership team with Wall Street veterans.

The move joins other crypto firms like Circle, Bullish, and Gemini in going public during 2025’s crypto IPO momentum, reflecting growing investor confidence in digital assets.

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Bitcoin miner CleanSpark is expanding into AI data centers, hiring Jeffrey Thomas—who led Saudi Arabia’s multi-billion AI data center initiative—as SVP to oversee operations.

The company secured power and real estate in College Park for Atlanta-area AI compute deployment. Despite Bitcoin’s recent decline from $125,000 to around $111,000, top Bitcoin mining stocks rose an average of 9.72%, with CleanSpark surging 14%.

Nearly every major mining firm is bucking broader crypto market trends | Source: Companiesmarketcap

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A US crypto investor and his wife lost their $3 million retirement savings after a hacker drained their wallet and laundered the funds through Huione-linked OTC platforms. Onchain sleuth ZachXBT traced the stolen XRP across multiple bridges before it was dispersed. The case highlights the growing wave of crypto scams and the urgent need for stronger global security measures.

Chainlink (LINK) has risen 10% in the past 24 hours as large investors purchased over $116 million worth of tokens since October 11. Growing partnerships with major institutions like Swift and DTCC are boosting confidence that LINK could soon retest the $20 level.

Insane accumulation!30 new wallets have withdrawn 6,256,893 $LINK($116.7M) from binance since the 1011 market crash. pic.twitter.com/uI26RW1hq6— Lookonchain (@lookonchain) October 20, 2025