A whale sold $15.68 million worth of HYPE to swap for SOL

On October 20th, according to the latest weekly report issued by Coinshares, there was a capital outflow of $513 million from digital asset investment products last week. Since the events on October 11th, the total net outflow has reached $668 million. This indicates that ETP investors have responded relatively calmly to this, while on-chain investors are more pessimistic. The data shows that the capital outflows were almost entirely concentrated in the US market (reaching $621 million). In contrast, investors in Germany, Switzerland, and Canada regarded the price pullback as a buying opportunity, with inflows of $54.2 million, $48 million, and $42.4 million respectively. Bitcoin was the only major asset to experience significant outflows, with a net outflow of $946 million last week. Its year-to-date cumulative inflow is $29.3 billion, still lagging behind the $41.7 billion during the same period in 2024. Investors saw Ethereum's price weakness as a good opportunity to take positio

On October 20th, as per official channels, Evernorth Holdings Inc. (referred to as "Evernorth") announced today that it has officially started its operations and reached a business merger agreement with the publicly listed special purpose acquisition company Armada Acquisition Corp II (Nasdaq: AACI). The company is dedicated to facilitating the institutional-level scalability of XRP. Upon the completion of the transaction, the merged entity will continue to use the Evernorth name and is scheduled to be listed on the Nasdaq Stock Exchange, subject to meeting the listing requirements, under the stock symbol "XRPN." This transaction is anticipated to raise a total of over $1 billion in funding. This includes a $200 million investment from SBI, as well as a joint investment from prominent digital asset and fintech institutions and investors such as Ripple, Rippleworks, Pantera Capital, Kraken, GSR, and others. Ripple's co-founder, Chris Larsen, also participated in the investment. The net

October 20th. According to the monitoring of on-chain data analyst Yu Jin, an investor or institution that received an allocation of 1 million SOL sold a portion of SOL at the end of 2024 and received 2.52 million HYPE. After holding for 10 months, they made their first profit-taking sell-off of part of their HYPE (approximately 15.68 million) today and then bought back SOL. Their profit on HYPE reached as high as $26.7 million. It is reported that the address received an allocation of 1 million SOL in June 2020. In December 2024, shortly after HYPE went live, they sold about 375,000 SOL at a price of around $191, exchanged it for about $70 million USDC, and bought 2.52 million HYPE at an average price of $27.7. After holding for 10 months, today they sold 408,900 HYPE at a price of $38.3, exchanged it for $15.68 million USDC, and then cross-chained back to Solana to buy back 81,100 SOL at a price of $193.

On October 20th, according to market data, a $110 million private placement was announced today to launch the BERA Treasury Strategy. This led to a 33.59% increase in the pre-market trading of the U.S. listed company Greenlane Holdings (GNLN) to $5.13. It is worth noting that based on the closing price of the previous trading day at $3.84, the market value of GNLN was only $5.3244 million. Greenlane Holdings is mainly engaged in the development, distribution, and sale of high-end tobacco accessories, packaging, e-cigarette solutions, and lifestyle products, with business operations covering the United States, Canada, Europe, and Latin America. As previously reported by BlockBeats, this $110 million PIPE financing for Greenlane Holdings includes approximately $50 million in cash and BERA tokens worth about $60 million.

On October 20th, according to market information. Based on github details, it is reported that Solana's co-founder Toly is constructing a decentralized perpetual contract trading platform on the Solana network.

On October 20th, according to official information, BitMine Immersion Technologies announced today that the total assets under its management, including cryptocurrencies, cash, and "moonshot investments," have reached $13.4 billion. As of 6:30 PM Eastern Time on October 19th, the company's cryptocurrency holdings are as follows: 3,236,014 ETH, 192 BTC, $119 million in Eightco Holdings (NASDAQ: ORBS) equity, and $219 million in unrestricted cash. Tom Lee, the chairman of BitMine and an analyst at Fundstrat, said, "Last week, the crypto market witnessed the largest deleveraging event in history, which put pressure on the ETH price. The open interest for ETH has now dropped to the levels seen on June 30th of this year (when ETH was at $2,500). Given the expected supercycle for Ethereum, the current price dislocation presents an attractive risk-reward ratio. We increased our ETH holdings by 203,826 ETH in the past week, bringing the total holdings to 3.24 million, accounting for 2.7% of