Key Takeaway: Binance ETH futures saw a limit order totaling $16.55 million executed by major players.

At the opening of the US stock market, the Dow Jones Industrial Average rose 24 points, the Nasdaq Composite Index rose 126 points, and the S&P 500 Index rose 0.3%.

[Janus Henderson Launches Tokenized Fund JQQQ on Stellar Blockchain] Asset management firm Janus Henderson has launched JQQQ, a tokenized fund tracking the Nasdaq 100 index. The fund uses Centrifuge technology and is deployed on the Stellar blockchain. Initially, it is only open to qualified non-U.S. professional investors, with a minimum investment of $100,000. (Source: Wall Street Journal)

As of October 26, the U.S. Bitcoin spot ETF saw a net outflow of approximately $203 million, bringing the cumulative net inflow to $57.4 billion.

[Osmosis Community Proposes Burning 100 Million OSMO] On October 27th, Osmosis community member JohnnyWyles proposed sending 100 million OSMO tokens from the community pool to an empty address for burning. The nominal value of these tokens is approximately $5.8 million. Currently, the community pool holds approximately 119.3 million OSMO. If the proposal passes, the total OSMO supply will decrease from approximately 794 million to approximately 694 million, and the community pool will retain approximately 19.3 million OSMO and other assets.

For the first time since March, whales on Hyperliquid have turned to a net short position in Bitcoin. This group established long positions at the bottom, but the holdings reversed last week. The market is now watching to see if this group is positioning for a deeper pullback or facing a short squeeze during a price rally. (glassnode)