A Bitcoin whale on a winning streak changed its strategy, executing $25 million in trades in a single day.
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A whale that made $1.36 million by shorting BTC in eight rounds over the past 20 days has changed its trading strategy. The account executed three large trades involving $25 million in one day and arranged an exit plan.
The restaking protocol Swell has suspended deposits and withdrawals of swETH and rswETH. It is working with its security partners and Seal911 to address infrastructure issues and restore NAV, ensuring the safety of user funds.
New York State Attorney General sues NovaTech founder for $1.3 billion
New York State Attorney General Leticia James is demanding $1.3 billion from NovaTech founders Cynthia and Eddie Pettion, and four promoters will return nearly $6 million in illegal gains and be permanently banned from engaging in the securities, commodities, and cryptocurrency industries. (Source: The Block)
On October 22, the XRP ETF saw a net inflow of $3.55 million, while the BTC ETF experienced a net outflow of $23.16 million, the ETH ETF a net outflow of $26.13 million, and the SOL ETF a net outflow of $2.65 million.
A Bitcoin whale deposited 949.7 BTC, worth $77.55 million, into Binance and Deribit, seemingly initiating a sell-off; another 4,150 BTC, worth $337.7 million, were transferred to the whale's own wallet, which has since sent funds to exchanges. (Onchain Lens)
Alliance partner Imran stated that a16z's shift towards cutting-edge technologies such as robotics, biotechnology, AI, energy, and computing power allows it to leverage the talent and capabilities accumulated by the crypto industry over the past decade to build upon these frontiers. He believes the development of AI infrastructure benefits from Bitcoin mining infrastructure and the flow of talent from crypto to AI, drawing a parallel between the resistance to data centers and the early development of the crypto industry.
