[RVV Project Team Sells 860 Million Tokens for Tens of Millions of Dollars] On-chain monitoring shows that the RVV project team's minting contract transferred out 860 million RVV tokens, accounting for 8.6% of the total supply, which were subsequently sold for $10.28 million USDT. Among this, $8.226 million flowed into Gate and Kucoin exchanges, while $2.041 million remains in an on-chain wallet. The project team claims the tokens were stolen, but the flow of funds has sparked external skepticism. The incident caused a significant drop in RVV's price. (Yu Jin)

[Suspicious Address Cluster Holding 4.36 Million HYPE Tokens Discovered, Funds Originating from TornadoCash] According to MLM, an abnormal Hyperliquid address cluster holds 4.36 million HYPE tokens, valued at approximately $158.2 million, ranking among the top ten holders. This cluster operates through 47 new wallets, with 16 of them holding all the HYPE tokens. The funds originated from 102,000 ETH transferred out of TornadoCash between October 19, 2020, and August 27, 2021. These ETH were sold for $37.56 million and used to purchase HYPE at an average price of $8.8 per token. The cluster became active after the HYPE token generation event, profiting over $120 million in a short period.

[Jay Chou's Friend Holding Bitcoin Goes Missing, Unreturned Assets Draw Attention] According to *Mirror Weekly* on October 19, Jay Chou's friend Cai Weize was entrusted with managing a Bitcoin account worth over a hundred million yuan. However, he claimed the account was locked and has since gone missing, with the assets still unreturned. Recently, Jay Chou posted on social media seeking information about him and has unfollowed Cai Weize. It is reported that Cai Weize was previously active in the blockchain investment circle and conducted investment activities under Jay Chou's name. In response, Jay Chou's management company has stated that there is currently no comment.

**[Galaxy Digital Research Head: Structural Bull Market for Cryptocurrencies Remains Solid, Three Key Factors May Drive the Next Rally]** Galaxy Digital Research Head Alex Thorn stated that the structural bull market for cryptocurrencies and the stock market remains solid, highlighting three key factors—AI capital expenditure, stablecoins, and tokenization—as potential drivers of the next rally. Thorn emphasized that AI capital expenditure is being driven by well-funded enterprises and policy support, forming a capital expenditure cycle in the real economy rather than a replay of the internet bubble. Regarding stablecoins, the enhanced payment channels, liquidity, and on-chain activity of dollar-pegged tokens will further propel market development. As for tokenization, the on-chain transfer of real-world assets and traditional market infrastructure is transitioning from the pilot phase to implementation, creating demand for block space and related core assets. Despite uncertainties in fiscal and monetary policies, Thorn remains optimistic about Bitcoin's status as "digital gold" and believes that major cryptocurrencies like ETH and SOL will benefit from the growth of stablecoins and tokenization.

[South Korean Investors Bet on Leveraged VIX to Hedge U.S. Stock Market Risks] Jin10 News, October 19 – South Korean investors are actively investing in leveraged VIX futures ETFs to hedge against the risks of high valuations in the U.S. stock market. Since the beginning of this year, the 2x long VIX futures ETF has attracted approximately $130 million in inflows, making it one of the most popular U.S. stock ETFs among South Korean investors. Data shows that the fund ranked seventh in purchase volume in July, accounting for about one-fifth of global inflows. As U.S. stock valuations approach historical highs and market sell-off concerns intensify, South Korean retail investors are adjusting their investment strategies.