According to BBX, yesterday the global capital markets witnessed a highly disruptive and advanced approach to restructuring enterprise-level Bitcoin treasuries. The market focus shifted from simply how much fiat currency was invested in the secondary market to the micro-financial engineering involved in mergers and acquisitions and equity swaps among giants. --Giant Restructuring: Elon Musk pushes for a merger between Tesla and SpaceX, aiming to consolidate the scattered 30,221 bitcoins (costing approximately $1 billion) into a single, super-monetary treasury. - Share swap: Alpha Modus (NASDAQ: AMOD) bypassed fiat currency and directly issued 51.6 million shares and warrants in exchange for 3,170 bitcoins, bringing its total assets to over $250 million. The market is showing a clear dual evolutionary trend: "Global top technology giants achieve centralized management of macro-crypto reserves through cross-entity mergers and acquisitions" and "US-listed small and medium-sized companies use equity premium tools to directly exchange for crypto spot assets to achieve an instant surge in their balance sheets". Source: bbx.com

The Coinbase Pro IRYS/USD price hit a nearly 3-month high, currently trading at $0.02793, up 27.87% in the last 24 hours, with a trading volume of $3.27 million. After reaching a new high, a price correction is highly likely. (AiCoin Research Institute)

The largest long position in META was liquidated after the stock price plummeted, resulting in a cumulative trading loss of approximately $2.2961 million. This address closed out 27,163,376 META long positions, with a trading volume of approximately $17.6676 million and a liquidation price of approximately $650.42, about 11.5% lower than the holding cost of $734.95. Of this, approximately $3.5204 million worth of long positions were forcibly liquidated, resulting in a loss of approximately $472,400. The address has now shifted its position to shorting AAPL.

BIT's Swiss asset management subsidiary, BIT AM, has received approval from the Swiss Financial Market Supervisory Authority (FINMA) to launch Switzerland's first Bitcoin Fund ETF (ticker symbol: BBIT), which directly invests in Bitcoin. It is expected to list on the Swiss Stock Exchange in November. The fund adopts a Swiss collective investment scheme structure, with segregated assets, and is open to investors, allowing allocation of Bitcoin through ordinary Swiss bank accounts.

Grayscale releases cryptocurrency valuation ranking, with HYPE holders leading in returns and CAKE leading in profitability returns Grayscale has released its ranking of cryptocurrency asset valuations, with HYPE ranking first with a holder return rate of 8.0%, LIT at 7.9%, and CAKE at 2.6%. In terms of adjusted profitability, CAKE leads with 14.4%, LIT with 14.1%, and HYPE with 9.8%. The holders of AAVE, JUP, and CRV assets on the list have negative returns, with CRV at -5.5% and JUP at -2.6%. Grayscale's holder return calculation method is based on staking rewards plus repurchases minus newly issued tokens. JUP's adjusted profit return rate is 3.5%, but the holder return rate is negative.