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According to Dune data, the nominal trading volume of cryptocurrency-related event contracts on Kalshi and Polymarket reached $2.7 billion last week, setting a new historical high. Among them, Bitcoin short-term fluctuation contracts were particularly active, with Kalshi's 15-minute Bitcoin price prediction contracts seeing single transaction volumes exceeding $1 million. Some traders even used trading bots to seize opportunities just seconds before the contracts expired.Currently, cryptocurrency has become the second largest trading category on the two platforms, second only to sports. Cryptocurrency trading platforms such as Coinbase, Crypto.com, Gemini, and Kraken are expanding their businesses by applying for relevant licenses or collaborating with prediction markets. Meanwhile, the decline in spot trading volume on centralized exchanges has also prompted crypto platforms to seek business diversification. However, as multiple states in the U.S. have raised legal challenges against sports prediction contracts, the direction of related regulations may also impact industry development.

According to Lookonchain monitoring, an Ethereum OG who purchased 100,000 ETH at a price of $0.31 during the ICO period sold 1,000 ETH 6 hours ago.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 8.269 billion USD, with long positions at 3.852 billion USD, accounting for 46.58%, and short positions at 4.417 billion USD, accounting for 53.42%. The profit and loss for long positions is 116 million USD, while the profit and loss for short positions is -66.8973 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2322.74 USD, currently showing an unrealized profit and loss of -6.139 million USD.

According to EmberCN monitoring, the trader "Salem1299534" liquidated their holdings of 20.06 million AI approximately 2 hours ago, exchanging them for 461 ETH, worth about 1.09 million USD. This sell-off caused the AI price to drop 15% instantly.The trader previously invested about 980,000 USD to buy AI and ultimately sold it for approximately 3.12 million USD, realizing a total profit of about 2.14 million USD.

U.S. Senator Richard Blumenthal has launched an investigation into the payment of approximately $6.3 million by the stablecoin issuer Tether to the consulting firm Nxum. Nxum was co-founded by former White House cryptocurrency advisor Bo Hines, who holds one-third of the company's shares. On October 22, Blumenthal sent a letter to Tether CEO Paolo Ardoino, requesting the contracts between the two parties, cryptocurrency payment records, wallet addresses, and communication content.Tether is accused of paying Nxum $415,000 per month since May 2025 for strategic communications, lobbying, and public relations services. Blumenthal pointed out that Bo Hines, while serving as the executive director of the White House Digital Assets Advisory Committee, still held shares in Nxum and coordinated affairs with the company through encrypted communication applications. He also questioned whether Tether transferred cryptocurrency through the marketing company Notorious and then allocated funds to Nxum shareholders. Tether began directly contracting with Nxum after August 2025 and hired Bo Hines to oversee the newly established U.S. operations. Blumenthal has requested that Tether, Nxum, and related parties respond by November 6, noting that the relevant allegations have not yet formed a legal determination, and Tether has not publicly responded.

The issue surrounding the military version of the "Starlink" satellite communication system within Ukraine has led to differing opinions from the United States, Ukraine, and SpaceX. Ukrainian President Zelensky stated that the Ukrainian military faces speed limits when using "Starlink," while U.S. President Trump claimed he was unaware and stated that the speed limits had been lifted. SpaceX CEO Musk indicated that any restrictions are determined by the U.S. military and ultimately depend on the U.S. President.

According to SoSoValue data, yesterday (Eastern Time October 23), the total net inflow of the ZEC spot ETF in the United States was $20.5196 million, and the total net inflow of the NEAR spot ETF was $990,000.In the ZEC spot ETF, only the Zcash ETF (ZCSH) achieved a net inflow, with a daily net inflow of $20.5196 million, bringing the historical cumulative net inflow to $204 million. As of the time of publication, the total net asset value of the ZEC spot ETF was $707 million, with a ZEC net asset ratio of 3.38%.In the NEAR spot ETF, only the Bitwise NEAR ETF (NRR) achieved a net inflow, with a daily net inflow of $990,000, bringing the historical cumulative net inflow to $8.82629 million. As of the time of publication, the total net asset value of the NEAR spot ETF was $8.33859 million, with a NEAR net asset ratio of 1.32%.

According to a notice from the U.S. Department of Justice, a Chinese citizen has been extradited for allegedly participating in a cryptocurrency fraud case targeting U.S. citizens, with the amount involved reaching millions of dollars. The man appeared in court for the first time after being extradited back to the U.S. from the Netherlands, where he is charged with participating in an international cryptocurrency investment fraud scheme.The scheme was carried out by a fraud operation located in Cambodia, with victims including 174 identified U.S. citizens. The man has been ordered to be detained; his formal arraignment is scheduled for November 30 at the federal district court in downtown Los Angeles.

According to the market intelligence platform Liquid247.xyz, Coinbase's spot BTC has approximately 106.39 sell orders at the $83,000 level, nominally about $8.83 million, which is an increase of about 2.38% from the then mid-price of approximately $81,070. The total near-term sell orders amount to about $33.09 million, while buy orders are about $26.08 million.Currently, Coinbase's spot sell orders net a surplus of about $7.013 million, accounting for 11.85% of the total depth. This sell order is the most prominent resistance in the near term, and if large buy orders appear, it may exert some pressure on the current price.

According to a report by Reuters, as of Friday, 22 companies have submitted objections against listing their U.S. stocks in tokenized form on the tokenized stock platform OKXICE, jointly launched by OKX and the Intercontinental Exchange, the parent company of the New York Stock Exchange. The latest batch of companies opposing includes Wells Fargo, Arm Holdings, and Intuit, following Microsoft and Alphabet, the parent company of Google, who joined the opposition the previous week. Among the 22 companies mentioned, 16 are listed on Nasdaq, while only 6 are listed on the New York Stock Exchange.Nasdaq issued guidance in September regarding the U.S. Securities and Exchange Commission's innovation exemption mechanism, reminding issuers that "they must be cautious about their own participation," and stated that the consequences for liquidity, price discovery, and long-term shareholder value may not become apparent until the experiment has progressed for some time. Andrew Cuomo, co-chairman of OKXICE and former governor of New York, indicated that more objections are expected for the joint venture platform, as companies wish to avoid being among the first to test this stock model.Earlier this month, the joint venture platform submitted documents to the U.S. Securities and Exchange Commission, planning to provide tokenized stock listings for 62 companies. Cointelegraph sought comments on Intuit's decision to withdraw from the plan but did not receive an immediate response; spokespeople for Wells Fargo and Arm Holdings declined to comment.

Bitcoin infrastructure company Blockstream announced the launch of consulting services for financial institutions and established an office in Lugano, Switzerland. This business enables banks, asset management institutions, and others to directly connect with Blockstream's engineering team and Bitcoin infrastructure. Blockstream Consulting Services will assist institutions in assessing, designing, and implementing Bitcoin-based financial infrastructure, as well as developing related solutions such as tokenized asset issuance and confidential settlements, covering areas such as technology strategy, system architecture, integration, and implementation.Blockstream stated that the Lugano office will serve Swiss clients, including those in Zurich, Geneva, and Zug, and will act as its European business hub, supporting client relationships, strategic partnerships, and collaboration with local financial and technology communities. The company's Chief Marketing Officer Peter Bain stated that Switzerland has a long-standing banking tradition and a regulatory framework supporting digital assets, making it an important market for Blockstream; the company aims to provide local expertise in markets where it sees demand for Bitcoin infrastructure, and the consulting business along with the Lugano office will bring customized Bitcoin solutions to European financial institutions.Founded in 2014, Blockstream's business covers Bitcoin custody, settlement, payments, asset issuance, and self-custody, with products including the sidechain Liquid Network, Elements, Simplicity, Core Lightning, Jade hardware wallet, and Blockstream App. The company has launched Simplicity smart contracts on the Liquid network and added Lightning Network support for the Jade hardware wallet. Co-founder and CEO Adam Back stated that the next phase of Bitcoin adoption is to integrate into the existing financial system, and the company's experience in Bitcoin cryptography, protocol development, and engineering can address the related complexities. This announcement did not disclose the pricing of the consulting services, the size of the Lugano office's staff, or the names of clients.

According to a report by Forbes on Friday, the Internal Revenue Service (IRS) is preparing to reform its voluntary disclosure program, planning to reduce penalties and expedite the processing of tax violation cases, including those involving cryptocurrency.Jarod Koopman, head of the IRS Criminal Investigation Division, stated that the agency aims to launch the revised program before December and to close cases within 120 days after taxpayers complete the required submission process. He noted that the new plan will not establish a separate disclosure channel for digital assets but will apply the same voluntary disclosure procedures to other forms of tax noncompliance. Koopman also mentioned that the penalties under the revised program will be significantly lower than current levels, although he did not provide specific amounts. The IRS is considering allowing taxpayers to settle debts through installment payments or settlement offers.According to Forbes, the current program often takes a year or longer to complete and primarily targets taxpayers who intentionally fail to comply with tax laws and may face criminal prosecution, rather than those who make reporting errors due to negligence. Meanwhile, legislative efforts are advancing another voluntary disclosure program aimed at cryptocurrency taxpayers. Section 502 of the Digital Asset Taxation Certainty Act will establish a correction process with clear penalty standards for past violations, and the bill was passed by the House Ways and Means Committee in September.

According to Catcher Predict monitoring on-chain data, significant capital movements are predicted in the Polymarket market. A large whale invested $56,167.83 in a single transaction regarding the "Federal Reserve's October decision" event, targeting a "25 basis point increase." Based on the current transaction price, the latest corresponding winning probability for this target is 93%.

The Iranian Islamic Revolutionary Guard Corps Navy announced that on the 23rd local time, two super tankers attempting to illegally cross the southern Strait of Hormuz hit mines and exploded. The explosion caused the engine room to be incapacitated, the tankers were carrying over 4.5 million barrels of crude oil, and the crew had abandoned the ship to escape.

OpenAI announced that to prevent AI models from breaching security limits, it has required the most advanced models to be trained in environments where direct access to the live internet is not possible. Previously, an internal research model had gained limited internet access through a network configuration vulnerability, prompting the company to suspend training.After security rectifications, OpenAI resumed training on October 1, but still restricts internet access.

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "Counter-Strike: JiJieHao vs Eternal Fire (BO3) - DraculaN Playoffs", the "Eternal Fire" option in the sub-market "Map 3 Round Spread: Eternal Fire (-3.5) vs JiJieHao (+3.5)" has experienced a dramatic fluctuation in winning probability, soaring from 50% an hour ago to the current 91% (a fluctuation of 41%). Please note the impact of relevant breaking news.

According to Bitcoin Magazine, Franklin Templeton, with assets under management of $1.7 trillion, has completed the final regulatory procedure before listing two ETFs that convert stock dividends into Bitcoin.On October 22, the company submitted Form 8-A to the U.S. Securities and Exchange Commission to register shares of the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF for trading on NASDAQ. The prospectus submitted on the same day indicates an effective date of October 27. These two funds were first filed in June of this year, with codes and fees not disclosed at that time.The stock fund code is FBEQ, which tracks the VettaFi US Large-Cap 500 Bitcoin DRIP Index. This index holds the 500 largest companies in the U.S. by market capitalization, weighted by free float. As of September 30, it actually held 499 stocks, with a concentration in the information technology sector. The fund's initial allocation is 95% stocks and 5% Bitcoin, with regular or special dividends distributed by companies being used to purchase Bitcoin at the opening of the next trading day after the ex-dividend date, increasing the Bitcoin allocation with each dividend payment.During quarterly rebalancing, any Bitcoin allocation exceeding 5% will be reduced to 4.5%; if the Bitcoin allocation exceeds 20% between two rebalancing periods, it will be brought down to 4.5% within two trading days, with the funds flowing back into stocks. The fund does not directly hold on-chain Bitcoin but gains exposure through Bitcoin exchange-traded products (including its own spot fund), futures and options, or depository receipts, with some achieved through a subsidiary in the Cayman Islands. The FBEQ fee is 0.09%, with no 12b-1 fees, managed by Franklin Advisory Services, and Franklin Templeton Institutional serves as a sub-advisor. The innovation fund employs the same mechanism, tracking the VettaFi US Innovation 100 Bitcoin DRIP Index, with components from the 100 largest non-financial companies listed on NASDAQ.Franklin Templeton had previously filed for a spot Bitcoin ETF in September 2023 and launched it in January 2024 under the code EZBC; in April of this year, it acquired 250 Digital and established an institutional digital asset department, Franklin Crypto. These two DRIP funds extend the strategy to investors who will not purchase Bitcoin on their own.

According to on-chain analyst Yu Jin's monitoring, with today's crude oil prices rising by about 4%, a whale that previously established a long position in crude oil is currently sitting on a profit of approximately 1.9 million dollars.This address previously bottomed out ETH at around 1647 dollars and realized a profit of about 8.99 million dollars after selling. It then turned to open a long position in crude oil, with a total position value of approximately 51.56 million dollars, which includes about 30.78 million dollars in CL long positions and about 20.78 million dollars in BRENTOIL long positions.

JUST announced an upgrade to the buyback and destruction mechanism for JST. After completing the fifth round of buyback and destruction, the mechanism officially enters a new phase: governance will be unified by the JUST DAO, and a reserve fund of no less than 50 million USD will be established for risk mitigation, emergency redemptions, and liquidity support, to enhance the mechanism's risk resistance and execution stability.On the buyback side, it will shift to being executed based on the quarterly sustainable income of the JUST ecosystem, forming a normalized arrangement of long-term buybacks and regular destructions, making the scale of buybacks more closely tied to the actual income of the ecosystem.In addition, the remaining surplus funds above the reserve threshold, approximately 20.34 million USD, will be released in four phases starting from Q4 2026 to supplement the buyback, ensuring long-term deflation and stability of the mechanism. The complete announcement and implementation details can be found through official channels.