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Space Network Signs $50 Million Satellite Network Agreement with Philippine HQ Company
According to official disclosures from Spacecoin, Space Network has formally signed a $50 million binding booking agreement with Philippine infrastructure company HQ Company International Holdings to provide decentralized satellite communication services to the Philippines via the Freeport Low Earth Orbit (LEO) satellite network. Yongsoo Samuel Cho, CEO of HQ Company, is the grandson-in-law of former Philippine President Fidel Ramos, bringing extensive local resources and cross-border investment experience. Under the agreement, Space Network will be responsible for providing network access, hardware, and software technical support, while HQ Company will handle local commercial operations, spectrum licensing, and customer acquisition.
Goldman Sachs: LEO Satellite Deployment Accelerating, Over 300,000 in Orbit by 2031
According to TechFlow Research, Goldman Sachs' July 8 Global LEO Satellite Report shows that the number of LEO satellites in orbit reached 10,000 in 2025, is expected to reach 24,000 in 2028, 305,000 in 2031, and could reach 396,000 under the blue sky scenario. SpaceX, Amazon, and others are accelerating deployment; Amazon has received FCC approval to add 4,500 satellites. China's three major constellations, GW/G60/Honghu, plan for over 35,000 satellites. Among the targets covered by Goldman Sachs, US stocks SpaceX, Amazon, Boeing, and Kratos benefit; A-share Tongyu Communication received a buy rating with a target price of 79 yuan; HK-stock ZTE is a core supplier of ground equipment, with about 70,000 satellites awaiting launch in the next five years.
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Bitcoin Faces $11 Billion Options Expiry, With US Midterm Elections Set to Amplify Market Volatility
Odaily Report: Approximately $11 billion worth of Bitcoin options are set to expire on October 30, accounting for about one-third of Deribit's total open interest in Bitcoin options. Coupled with the approaching US midterm elections on November 3, the market may face greater volatility.Bitcoin fell below the $80,000 mark on Monday this week and has since hovered around that level, trading at approximately $81,100 in the Singapore market on Thursday. Among the soon-to-expire options, call options outnumber put options, with strike prices concentrated at $90,000, $95,000, and $100,000 — contracts at these levels are likely to expire worthless in the short term. Meanwhile, approximately 70% of the expiring options' Gamma is concentrated in the $75,000 to $82,000 range. Adam Haeems, Head of Asset Management at Tesseract Group, noted that if market makers hold short positions, their hedging activities could accelerate Bitcoin's decline below the $75,000 to $78,000 range; if they hold long positions, it could cushion the downside.Caroline Mauron, co-founder of Orbit Markets, pointed out that some option sellers may wait until after the US midterm elections on November 3 to establish new positions, resulting in a lack of常规 Gamma supply to buffer price fluctuations. Volatility could increase further around the announcement of election results.Additionally, the battle for congressional control could also affect the Trump administration's ability to advance crypto-friendly policies. A Bloomberg Market Pulse survey shows that if Republicans retain control of both chambers of Congress, the median year-end Bitcoin price forecast is $90,800; if Democrats control both chambers, it is $76,450; and if Congress is split between the two parties, it is $84,100. Paul Howard, Senior Director at Wincent, expects that after market volatility hit historic lows over the past year, Bitcoin market volatility in November may rebound significantly. (Bloomberg)
Space Network Signs $50 Million Satellite Network Agreement with Philippine HQ Company
According to official disclosures from Spacecoin, Space Network has formally signed a $50 million binding booking agreement with Philippine infrastructure company HQ Company International Holdings to provide decentralized satellite communication services to the Philippines via the Freeport Low Earth Orbit (LEO) satellite network. Yongsoo Samuel Cho, CEO of HQ Company, is the grandson-in-law of former Philippine President Fidel Ramos, bringing extensive local resources and cross-border investment experience. Under the agreement, Space Network will be responsible for providing network access, hardware, and software technical support, while HQ Company will handle local commercial operations, spectrum licensing, and customer acquisition.
Goldman Sachs: LEO Satellite Deployment Accelerating, Over 300,000 in Orbit by 2031
According to TechFlow Research, Goldman Sachs' July 8 Global LEO Satellite Report shows that the number of LEO satellites in orbit reached 10,000 in 2025, is expected to reach 24,000 in 2028, 305,000 in 2031, and could reach 396,000 under the blue sky scenario. SpaceX, Amazon, and others are accelerating deployment; Amazon has received FCC approval to add 4,500 satellites. China's three major constellations, GW/G60/Honghu, plan for over 35,000 satellites. Among the targets covered by Goldman Sachs, US stocks SpaceX, Amazon, Boeing, and Kratos benefit; A-share Tongyu Communication received a buy rating with a target price of 79 yuan; HK-stock ZTE is a core supplier of ground equipment, with about 70,000 satellites awaiting launch in the next five years.