BBX News: Yesterday, the encryption layout of listed companies entered a new stage of scale strategy: Strategic Framework Establishment: Token Cat (NASDAQ: TC) Board of Directors approves up to $1 billion in cryptocurrency investment policy and establishes strict risk control system Mining companies have strong profits: Cango (NYSE: CHANG) produced 1931 BTC in Q3, with a mining cost of $81000 and a net profit of $37.3 million Continuous expansion of treasury: BitMine (NYSE: BMNR) purchases 7080 ETH (approximately $19.8 million) Cryptocurrency assets are transitioning from pilot holdings to a systematic and large-scale strategic allocation component for listed companies. Source: bbx.com

OKX-BTC/USDT is currently trading at $92992.10, with a 5-minute increase of 0.24%. Please be aware of market fluctuations.

[Hyperunit Whale Leverages Long ETH] The Hyperunit whale, holding assets worth tens of billions of dollars, recently unlocked $361 million worth of ETH and deposited it all into AAVE as collateral to borrow $160 million USDT. Subsequently, the whale deposited all the borrowed USDT into Binance. Reportedly, this whale previously earned $200 million by shorting during the market crash on October 10.

[Stable Discloses STABLE Token Economic Model, Total Supply of 100 Billion Tokens] The stablecoin public chain Stable has disclosed the STABLE token economic model, with a fixed total supply of 100 billion tokens. STABLE is not used for paying gas fees but serves as an incentive tool for developers and ecosystem participants. The token distribution plan is as follows: 10% for genesis allocation, used for initial liquidity, community activation, etc.; 40% for the ecosystem and community, supporting developer grants, liquidity programs, etc.; 25% for the team, allocated to the founding team and contributors; and 25% for investors and advisors, used to support network development and promotion.

[Coinbase Institutional: BTC Breaks Below Bull Market Support Band, Greater Opportunity for Breakout Trades] Coinbase Institutional stated that with the end of quantitative tightening and the Federal Reserve returning to the bond market, the pressure of capital outflows from the market may have eased, which is typically favorable for risk assets like cryptocurrencies. Regarding the reasons for Bitcoin's sharp decline, the institution pointed out that BTC has broken below the main support band of the bull market, options traders have turned bearish, early whales continue to sell off, there has been a large-scale outflow of funds from spot Bitcoin ETFs, and DAT has hit the brakes. In the current environment, the institution believes that the opportunity for breakout trades outweighs the risk of catching a falling knife.