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Renowned trader Killa stated that Bitcoin has once again failed to break through $87,000, and the 10x leveraged long position he previously established has been stopped out at breakeven. This position was part of an aggressive trend continuation trade, originally expecting BTC to break through during the second test of the high, but after the failure to break, the price returned to the entry point.Killa mentioned that he will focus on the $80,000 to $82,000 range next, looking for opportunities to re-establish the 10x leveraged long position. Currently, he still holds long positions established at $62,600 and $76,400, and there is no reason to rush into adding new long positions. He emphasized that risk management is crucial, and his existing BTC holdings are sufficient. Regarding future trends, Killa maintains a bullish outlook, expecting prices to continue rising. He believes that the current market is in a short-term oscillation, while he primarily trades based on longer cycles.

According to Lookonchain monitoring, as the market declines, the long position of 39,025 ETH held by Machi Big Brother (@machibigbrother) is approaching the liquidation line, with a liquidation price of $2,501.38.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was 658 million dollars, with long positions liquidated at 595 million dollars and short positions liquidated at 62.946 million dollars. Among them, Bitcoin long positions were liquidated at 150 million dollars, Bitcoin short positions at 11.4456 million dollars, Ethereum long positions at 218 million dollars, and Ethereum short positions at 11.858 million dollars.In addition, in the last 24 hours, a total of 114,279 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDC worth 26.6438 million dollars.

According to the market information platform Liquid24/7.xyz, the Hyperliquid address 0xecb63c...2b00 currently holds a short position of 19,762.81 ETH, with a nominal value of approximately 51.2758 million USD.At the time of writing, ETH is quoted at 2,594.56 USD. The average opening price for the short position at this address is approximately 2,661.05 USD, and the current unrealized profit for this short position is about 1.3142 million USD.

Cryptocurrency trader Doctor Profit stated on platform X that he liquidated his positions and established a large short position when Bitcoin peaked around $124,000 last year. Subsequently, he closed his positions and switched to spot buying when the market crashed in October and November, causing Bitcoin to drop to around $60,000.Doctor Profit added that he had closed all short positions in the $60,000 range and started buying spot. At the same time, a year later, he has again established short positions in the $86,500 to $89,500 range and placed large short orders in the $88,000 to $89,500 range.

During an interview with The Starting Block at the Digital Asset Summit 2026 Asia, Brian Smith, the president of Jito Foundation, the parent company of the Solana ecosystem trading platform JTX, stated that JTX plans to launch stock trading features within the next two weeks and will release a native mobile app later this fall. The integration of perpetual contracts "may take until later this winter." He mentioned that the team is currently focusing on differentiating the spot trading features.JTX launched in July this year, supporting spot trading for cbBTC, SOL, HYPE, and meme coins, while also offering tokenized stocks and ETFs. The platform charges a fee for each transaction, with 80% of the revenue allocated to Jito DAO for the buyback and destruction of JTO tokens, and 20% distributed to referrers. Smith did not disclose the trading volume since the launch but emphasized the speed of product iteration, stating that the team has two full-time data scientists mining on-chain data to develop in-app discovery features.Smith positioned JTX as a "permissionless Robinhood" for Solana, emphasizing longer holding periods and competitive rates, and noted that other Solana applications tend to focus on early meme coin trading. Regarding perpetual contracts, he acknowledged that Solana "has a lot of work to do" and affirmed Hyperliquid's role in pushing centralized exchange traders on-chain, while stating that Solana is the "king" in the spot trading space.

According to on-chain analyst Yu Jin's monitoring, a certain whale/institution deposited margin into 3 addresses and currently holds long positions worth 352 million dollars on Hyperliquid, including 1,140 BTC and 98,100 ETH. These long positions were opened about half a month ago, with an average opening price of 82,205 dollars for BTC long positions and 2,604 dollars for ETH long positions. Currently, the portfolio's long positions are profitable by 2.66 million dollars.

According to the market information platform Liquid24/7.xyz, the Hyperliquid address 0x344fef...af5d closed a long position of 376.137 BTC, with a nominal value of approximately 31.6029 million USD, at an average transaction price of about 84,020 USD.At the time of publication, the marked price of BTC was approximately 84,040 USD. This closing operation completed the adjustment of the long position for that address.

U.S. federal prosecutors cited the appellate ruling related to the cryptocurrency mixer Bitcoin Fog as a supplementary basis against the not guilty motion of Tornado Cash developer Roman Storm. In documents submitted on Monday, the prosecution referenced the September 25 ruling by the appellate court that upheld the conviction and sentencing of Bitcoin Fog operator Roman Sterlingov. The District of Columbia Circuit Court found that Washington, D.C. had jurisdiction over all four charges: the money laundering charge was based on undercover agents completing Bitcoin Fog transactions in its D.C. office, while the unlicensed money transmission charge was supported by sufficient evidence showing that Bitcoin Fog had served clients in the area.The prosecution stated that the ruling "directly supports" its position in the Storm case, arguing that Tornado Cash's activities in Manhattan were sufficient to establish jurisdiction in the Southern District of New York for the conspiracy charges of money laundering and unlicensed money transmission against Storm, citing the testimony of Shakeeb Ahmed, who claimed to have used Tornado Cash in a Manhattan apartment. Judge Katherine Polk Failla has heard the arguments for the not guilty motion in April 2026 but has yet to rule. In August 2025, the jury found Storm guilty of conspiracy to operate an unlicensed money transmission business, but deadlocked on the charges of money laundering and conspiracy to evade sanctions; Storm submitted a post-trial not guilty motion in September 2025, arguing that the prosecution failed to prove he intended to assist criminals in abusing Tornado Cash.

On October 6, the U.S. IRS released Revenue Procedure 2026-20, updating and replacing Revenue Procedure 2025-31 published in November 2025, clarifying that eligible investment trusts and grantor trusts can participate in PoS staking while retaining tax benefits.The IRS defines compliant staking as "property preservation activities," allowing trusts to remain on the passive side and retain their status as investment trusts and grantor trusts (IRC Sections 671 to 677). This safe harbor includes 14 requirements, including shares listed on national exchanges, holding only a single digital asset, assets held by qualified custodians, liquidity policies approved by the SEC, and not hoarding staking rewards. This guidance applies to tax years ending on or after November 10, 2025.

According to Lookonchain monitoring, the ETH price has just fallen below $2,600. The trader at address 0xcbab had all of their long position of 3,728 ETH (worth approximately $9.85 million) liquidated in just 3 minutes.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to 9.559 billion dollars, with long positions at 4.478 billion dollars, accounting for 46.85% of the holdings, and short positions at 5.081 billion dollars, accounting for 53.15%. The profit and loss for long positions is 491 million dollars, while for short positions it is -532 million dollars.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2315.33 dollars, currently showing an unrealized profit and loss of -37.4204 million dollars.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was 144 million dollars, with long positions liquidated at 87.2609 million dollars and short positions liquidated at 56.7386 million dollars. Among them, Bitcoin long positions were liquidated at 17.2537 million dollars, Bitcoin short positions at 11.2408 million dollars, Ethereum long positions at 11.054 million dollars, and Ethereum short positions at 5.0203 million dollars.In addition, in the last 24 hours, a total of 60,063 people were liquidated globally, with the largest single liquidation occurring in Hyperliquid - XYZ:SP500-USD valued at 5.8047 million dollars.

According to The Defiant, Onyx transferred 620 million XCN tokens. This transfer executed a migration proposal that Onyx had previously publicly promoted. After the transfer, only about 1.89 million XCN remained in its Ethereum treasury contract.This large transfer occurred at the same time Blockaid issued a vulnerability alert.

According to Coinglass data, if ETH falls below 2,583 USD, the cumulative long liquidation intensity on major CEXs will reach 983 million USD. Conversely, if ETH breaks above 2,830 USD, the cumulative short liquidation intensity on major CEXs will reach 960 million USD.

According to crypto journalist Eleanor Terrett, the latest Advance Notice of Proposed Rulemaking (ANPRM) released by the U.S. Commodity Futures Trading Commission (CFTC) attempts to utilize its existing authority to establish a market structure framework for spot trading in the crypto space. This framework will be built upon the existing DCM, DCO, and FCM registrations and create a new category called "crypto asset market."A significant difference from the Clarity Act is that the CFTC proposal is exploring a voluntary federal exchange registration pathway: spot exchanges that do not offer leverage can choose not to join this framework and continue to hold state money transmission licenses. Former CFTC Chairman Giancarlo stated that this provides exchanges with a "clear, voluntary single federal rulebook pathway" when customers trade using borrowed funds, and noted that the CFTC is acting within the authority granted by Congress in 2010, supported by court rulings recognizing assets like Bitcoin as commodities.Several lawyers have stated that this ANPRM is a "clever" or "creative" interpretation of Section 2(c)(2)(D) of the Commodity Exchange Act, potentially covering retail crypto spot trading that offers leverage, margin, or financing, even if customers do not actually use leverage. The proposal also addresses "actual delivery" under Section 2(c)(2)(D), seemingly focusing on whether customers own/control the assets rather than merely relying on the book records of a pooled account. However, the proposal still leaves significant questions regarding customer asset bankruptcy protection. Comments must be submitted within 60 days after the proposal is published in the Federal Register.

According to Coinglass data, if BTC falls below $81,977, the cumulative long liquidation intensity on mainstream CEX will reach $1.592 billion. Conversely, if BTC breaks above $90,167, the cumulative short liquidation intensity on mainstream CEX will reach $1.344 billion.

JPMorgan stated that the likelihood of the United States imposing tariffs on silver and platinum group metals is "decreasing."

According to the market information platform Liquid24/7.xyz, the Hyperliquid address 0xb83de0...6e36 currently holds a BTC short position of 2,165.8 coins, with a nominal value of approximately 186 million USD; at the same time, it holds an ETH short position of 80,235.38 coins, with a nominal value of approximately 218 million USD.At the time of writing, BTC is quoted at 86,052 USD, and ETH is quoted at 2,711.40 USD. The average opening price for the BTC short position at this address is approximately 76,623 USD, and the average opening price for the ETH short position is approximately 2,350.27 USD. Currently, the total unrealized loss for both positions is approximately 49.3965 million USD.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was 168 million USD, with long positions liquidated at 106 million USD and short positions liquidated at 61.8466 million USD. Among them, Bitcoin long positions were liquidated at 39.6593 million USD, Bitcoin short positions at 13.6196 million USD, Ethereum long positions at 12.6697 million USD, and Ethereum short positions at 7.3524 million USD.In addition, in the last 24 hours, a total of 64,000 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT worth 11.8511 million USD.