Whale closes position after precisely going long on ETH ahead of its rally, netting $8.93 million in profit.

According to monitoring by Onchain Lens, three newly created wallets are suspected to belong to the same crypto whale, with a total of 1.255 million HYPE tokens staked, valued at approximately $100.43 million. The staking details per address are as follows: Address 1 has staked 460,180 HYPE (worth around $36.84 million), Address 2 has staked 449,900 HYPE (valued at roughly $35.98 million), and Address 3 has staked 345,250 HYPE (worth about $27.62 million).

According to Strait News, in March 2025, Zheng Mouyi, Zou and other accomplices exploited loopholes in the weak supervision and difficulty of evidence collection for over-the-counter (OTC) USDT transactions to premeditate a "rob from the robbers" robbery crime under the guise of offline virtual currency transactions. The group raised over 340,000 yuan to invite virtual currency merchants to conduct offline transactions. During the transaction, after the merchant transferred more than 40,000 USDT to the virtual wallet controlled by the group, Zheng Mouyi immediately sprayed the victim's eyes with pepper spray, and together with other accomplices violently robbed all the transaction funds. Afterwards, the six suspects divided the stolen money. The day after the incident, the public security organ quickly arrested all the suspects, recovered most of the stolen money and returned it to the victim. The Jin'an District Procuratorate filed a public prosecution against five people including Zheng Mouyi and Zou on charges of robbery in accordance with the law. In 2026, the court heard the case and sentenced the five defendants to fixed-term imprisonment ranging from 5 years and 7 months to 10 years and 4 months for the crime of robbery.

According to an official announcement, Binance is scheduled to suspend Filecoin (FIL) token deposits and withdrawals at 19:59 (UTC+8) on October 19, 2026, to support the network's upgrade and hard fork. This move is designed to deliver a high-quality experience for users. The project team will conduct the network upgrade and hard fork at block height 6,470,279, which is expected to take place at 20:59 (UTC+8) on October 19, 2026.

Crypto KOL Qwerty posted that he plans to take a temporary break, noting he has started treating trading like a role-playing game, acting as the persona "Qwerty" and no longer being his true self when trading. He has emptied all his public wallets and will not be active for a long time to come. Earlier, after his "bull market is coming" call went viral globally, he caught the attention of He Yi; on that day, the unrealized profit from the single coin he recommended in the bull market call ranked second on the FOMO platform's leaderboard.

According to a Politico report, a U.S. Senate Democratic tax lawmaker said Wednesday that Meta may have abused a common corporate tax incentive, and demanded the company detail why it claimed research and development (R&D) tax credits while building data centers. Lawmakers are seeking to confirm whether Meta—owner of Facebook and Instagram—improperly claimed this tax break. The policy was originally designed to support research and experimental technologies, not to subsidize routine business spending. The joint letter follows a New York Times report that Meta used these credits to slash its tax bill by billions of dollars. Ron Wyden, the top Democratic senator on the Senate Finance Committee from Oregon, and six other Democratic members of the committee wrote to Meta CEO Mark Zuckerberg: “The federal R&D tax credit is an effective, necessary tool to support America’s innovation economy and cutting-edge research, but subsidizing your artificial intelligence (AI) data center construction clearly does not meet that standard.” Lawmakers added: “If Meta attempts to qualify its AI data center expansion projects for the R&D tax credit, this could constitute a significant improper application of federal tax law, warranting further investigation.” The letter was signed by Wyden and six other Senate Finance Committee Democrats. One signatory, Vermont Senator Peter Welch, also wrote to IRS Commissioner Frank Bisignano last week, requesting the tax agency provide information on how Meta and other large tech firms use research and experimentation (R&E) tax credits.

According to multiple sources cited by Axios, venture capital firm Andreessen Horowitz has laid off the majority of its 34-member portfolio recruiting team. The team was primarily responsible for helping the firm’s portfolio companies hire talent. Andreessen Horowitz will reassign the remaining members of its "full-stack talent team" to specialized investment divisions including growth investing and crypto. The move is intended to allow each investment division to build its own recruiting teams to meet its specific needs, rather than relying on a centralized recruiting team.