[FLUID's Short-Term Surge Possibly Due to Wintermute's Discounted Buyback for Loan Repayment] On-chain analyst @AmirOrmu posted on the X platform, stating that FLUID recently surged 50% in a short period, possibly due to Wintermute repurchasing tokens at a discounted price to repay a loan. Wintermute purchased $500,000 worth of FLUID tokens on-chain at approximately $4 per token, intending to repay tokens that were sold earlier this year at $10 per token. The loan amount is 700,000 FLUID, with approximately 370,000 FLUID currently held on-chain and at least 350,000 FLUID held on CEX, which is sufficient for repayment. The loan's maturity date is expected to be mid-December.

[2376.86 cbBTC Transferred from Wintermute to Anonymous Address] According to Arkham data, at 14:27, 2376.86 cbBTC (worth approximately $200 million) was transferred from Wintermute to an anonymous address (starting with 0xdb80...).

According to AiCoin's real-time on chain monitoring, from 13:28-14:00 (UTC+8) today, the "Calm Open Order King" once again placed a ZEC short order, with a total of 4570 ZEC and a value of $2.22 million. As of press time, the value of its ZEC short position is as high as $69.7 million, with a floating profit of $15.3 million. Whale Address: 0x9263c1bd29aa87a118242f3fbbba4517037f8cc7a

[Delphi Digital: Institutional Crypto Demand Drops 90% from August Peak] Delphi Digital stated on the X platform that institutional crypto demand has significantly declined, with traffic dropping 90% from the August peak of $5.5 billion to less than $500 million in monthly inflows. Capital flows in October have nearly come to a halt, with BTC still attracting some institutional attention, while altcoin trading has essentially stagnated. Strategy's mNAV has decreased from approximately 2.5 at the beginning of 2025 to around 1.2, and speculative premiums have significantly shrunk, despite MSTR trading at a price higher than the BTC it holds. Institutional capital remains in a wait-and-see mode, and the value of existing positions has decreased.

Dtcpay, which handles payment processing for fiat and crypto, raised a sizable pre-Series A round.Kwee Liong Tek, chairman of Pontiac Land, led the investment.