Adam: The market has entered a flat period, and Giant Whale has bought 500 sets of bull market spread options that expire at the end of the month

On Tuesday, Arkansas and its Oil and Gas Commission requested the US Eighth Circuit Court of Appeals to revoke a lower court order that prohibits the enforcement of the state's law restricting foreign entities from holding digital asset mining businesses during oral arguments. Joseph Nelson of the Arkansas Attorney General's Office stated that the law falls within the core scope of state security powers and is limited to countries that the federal government has identified as a threat to national security. The law was passed in 2024 and prohibits citizens or businesses of countries subject to US State Department arms export controls from holding the rights to digital asset mining equipment in that state. (Source: Bloomberg Law)

The SPCX perpetual contract on Hyperliquid was reported at $161.72, up 7.23% from $150.81 at the beginning of the 12:30 (UTC+8) earnings call. The 24-hour turnover is approximately $277 million, and the nominal value of open contracts is approximately $151 million. Address 0x519c holds approximately 100100 long positions worth $16.19 million, with an average price of $135.602 and a floating profit of $2.6146 million. This round of price increase has increased its floating profit by $1.1 million. SpaceX's third quarter revenue and profit exceeded expectations, with projected revenue of $33 billion to $37 billion for the first quarter of 2027, surpassing the expected $2.2 billion. Musk expects the annualized operating rate of recurring revenue to increase to $500 billion to $10 billion by the end of 2027, the payback period for AI investment to be shortened to within one year, and confirms that SpaceX and Tesla have discussed potential mergers.

OKX has announced the addition of LLYUSD UM(X-Perp) to multiple services, including various trading services, officially launching on 2026-10-21 at 16:30 (UTC+8). Notes: - OKX will officially launch the LLYUSD X-Contract (X-Perp) on October 21, 2026, at 16:30 (UTC+8). - X-Perp supports trading via web, app, and API. - Leverage trading carries risks; users are advised to manage their positions responsibly.

Three newly built wallets received 1090 bitcoins worth $90.38 million from Wintermute.

The GENIUS Act is expected to take effect on January 18, 2027, with some issuance and sales restrictions set to take effect on July 18, 2028. The Office of the Superintendent of the Currency (OCC) announced implementation proposals in February 2026, and the Federal Reserve proposed relevant rules on September 24, 2026. The issuer of stablecoins needs to evaluate approval, reserve, and redemption requirements, while distributors need to analyze their financial service obligations. Enterprises holding stablecoins need to review redemption channels and counterparty risks. Qualified state issuers with outstanding issuances not exceeding $10 billion may choose state regulation. The reserve of payment type stablecoins must cover outstanding tokens at least one-to-one, and the issuer shall not pay interest or income solely by holding or using payment type stablecoins.