According to BBX, yesterday's global capital markets witnessed the most compelling fiat currency absorption capacity in the balance sheet expansion of the absolute leading crypto institutions. Without fancy financial techniques or complex bond issuances, relying on the terrifying cash flow generated by their core businesses, crypto giants are using the simplest method to move core assets from the circulating market into their cold wallets: —Profit Siphoning: Stablecoin giant Tether disclosed that its Bitcoin holdings jumped to 150,000 coins (market value of $11.5 billion), confirming that it used huge profits from the spread between US Treasury yields to buy up Bitcoin in October. —Ecosystem Monopoly: Mining company BitMNR bought another 5,000 ETH on Kraken, pushing its cumulative holdings over a year and a half to 6.06 million ETH (worth over $20 billion), with the average price locked at $3,329. The market is showing a clear dual evolutionary trend: "stablecoin giants are using the huge and certain US Treasury yield spread profits to accumulate large-scale Bitcoin underlying assets" and "leading listed mining companies are relying on their strong capital allocation capabilities and precise cost control to continue to monopolize the core tokens of Ethereum." Source: bbx.com

Jack Dorsey's Block Inc. reported a gross profit of $3.2 billion in the third quarter, exceeding expectations and raising its 2026 outlook, while also mentioning a potential settlement with the U.S. Department of Justice for a larger sum.

OKX's Star criticized Binance's handling of the security incident, questioning its security defenses and arguing that the platform downplayed its responsibilities and relied on marketing to attract deposits. Star pointed out that crypto platforms face different threats than traditional banks and expressed a willingness to collaborate with competitors to improve security standards and protect user assets.

Address 0x2ff…D661e withdrew 1306 ETH from Coinbase 3 hours ago, worth $2.99 million, at a withdrawal price of $2286.68.

[South Korean Stock Market Volatility Response Mechanism (VI) Triggered 6,646 Times in October, a Record High of 53,400 Trials This Year] Data from the Korea Exchange shows that the KOSPI market volatility mitigation mechanism (VI) was triggered 6,646 times in October, approximately 1.8 times the 3,695 times in August and 3,749 times in September. As of the end of October, the VI has been triggered a total of 53,400 times this year, exceeding the 35,500 times triggered in the entire year of 2020. The average daily volatility of the KOSPI in October was 3.58%. Affected by concerns about AI profitability and the CoreWeave credit crisis in the United States, the KOSPI fell by 16.19% (Source: Yonhap News Agency).