5797 BTC have flowed out of the exchange wallet in the past 24 hours

BBX News: Last weekend, the global public market showed a highly strategic and penetrating dual track approach in the capital structure and commercial monetization model of cryptocurrency assets. The market has bid farewell to the blindly convergent asset allocation model, and listed companies are following their respective business genes to embark on a completely opposite yet logically rigorous path of advancement: Capital formation: Evernorth Holdings completed the SPAC merger with 473 million XRP positions and $300 million raised funds, and is scheduled to list on NASDAQ under the code "XRPN" on October 12th, ushering in the first era of pure XRP US stock treasury. Absolute cash out: Bitdeer (NASDAQ: $BTDR) produced 300.6 BTC per week and sold them all in the secondary market, relying on the iron fisted discipline of "zero holdings, immediate production and sale" to build a fiat cash wall that can withstand asset fluctuations. The market presents a clear dual evolutionary trend of "ecological treasury companies using SPAC tools to package large-scale non Bitcoin native assets into compliant US stock codes to siphon off Wall Street liquidity" and "heavy asset mining giants completely divesting of spot asset risks and focusing on converting physical computing power output into stable fiat cash flow". Source: bbx.com

The Sui Foundation has invested $30 million in the AI data protocol DATA Network, which will be migrated to the Sui blockchain and become a native protocol. Its independent chain will be discontinued. The existing DATA tokens will be migrated to the Sui network in a 1:1 ratio, and the DATA network will continue to operate until the migration is completed.

Caroline Pham, Chief Legal Officer of MoonPay and former Commissioner of the US Commodity Futures Trading Commission (CFTC), stated that cryptocurrency regulation does not require congressional legislation and can be promoted solely through regulatory agencies setting rules. She stated that the regulatory jurisdiction of the CFTC is almost all encompassing, as the Commodity Exchange Act stipulates that almost all items, except onions and movie box office revenue, are considered commodities.

[South Korea Plans to Promote Security Tokenization, Annual Net Purchase Limit for Retail Investors Set at 100 Million KRW] The South Korean Financial Services Commission plans to amend the *Electronic Securities Act* and the *Capital Markets Act* to gradually introduce the tokenization of stocks, bonds, and funds, with an annual net purchase limit for retail investors set at 100 million KRW. The deadline for public comments on the proposed amendments is November 11, and the implementation is scheduled to align with the effective date of the law on February 4, 2027. In the initial phase, settlements will continue to use the existing cash settlement system of the Korea Securities Depository. (Source: EToday)

A certain whale sold 410.14 BTC worth $34.16 million on Hyperliquid, and then bought 143.41 ETH worth $36.14 million on DEX.