A crypto whale liquidated a $21.15 million long position in Bitcoin, with the funds redirected to Ethereum.

According to TradingBeats monitoring, BTC is currently trading at around $81,850. Seven key addresses on Hyperliquid today placed a total of 90 limit sell orders in the $83,400–$85,112 range, totaling approximately 510.22 BTC with a notional value of roughly $42.896 million, just 1.9% to 4.0% above the current price. These sell orders are primarily arranged by long positions to lock in gains. Breakdown: $30.846 million "position reduction only" sell orders from five long addresses, used to cut existing long positions after price rises. A $5.349 million regular sell order at $83,583, for selling 64 BTC; the corresponding account holds 124 BTC in long positions, so execution would reduce positions by around 51.6% if the position remains unchanged. $6.701 million short-entry sell orders at $83,700 and $83,820: the corresponding account currently holds no BTC positions, planning to establish an 80 BTC short position after a price rebound. The largest group of position reduction orders is distributed in the $83,500–$85,000 range, covering 150 BTC worth around $12.638 million, accounting for approximately 29.5% of the total order value in this range; there is also an additional "position reduction only" sell order worth around $8.365 million at $84,666.

According to official announcements, the MGBX platform has launched an exclusive new user welfare campaign open to eligible new users. During the event, users can claim a new user reward by completing tasks including registration, identity verification, deposit, and contract trading; by finishing tiered trading growth tasks, they also have the opportunity to unlock higher-value rewards, with a maximum of 30,000 USDT per user.

According to official announcements, Binance Alpha will delist PTB (Portal to Bitcoin), AA (ARAI), OWL (Owlto Finance), DORA, ELIZAOS (elizaOS), MEMES (memes will continue), and Kuku Ma on October 23 at 17:30. Following the delisting, Binance Alpha will still support withdrawals and sales of these tokens.

Solana staking service protocol Marinade has released its Q3 2026 report. As of September 30, its staked SOL amount reached 7.94 million tokens, a 21.2% sequential increase, driven primarily by its non-custodial native staking product Native and institutional-focused Select. Specifically, Native staked volume rose 47.3% sequentially to around 3.77 million SOL, Select grew 38.7% to approximately 1.68 million SOL, while mSOL decreased 6.8% sequentially to roughly 2.27 million SOL. Q3 revenue totaled about $1 million (equivalent to 10,918 SOL), a 25.9% sequential increase, mainly due to a 38.1% rise in validator bond settlement revenue. Additionally, its Staking Auction Market (SAM) delivered yields above the Solana Staking Index (SSI) in 48 out of 51 epochs during the quarter, with an average pre-Marindade-fee yield of 5.93%, compared to the index’s 5.67% over the same period. On the governance front, since MIP-22 took effect in July, Marinade has allocated 10% of its auction fees to repurchase MNDE on the open market. In Q3, it repurchased 4.2 million MNDE using 906.6 SOL, with the first distribution opening on October 1. The report also disclosed that on September 25, an attacker exploited a vulnerability in the DAO voting process to submit two malicious proposals, one involving transferring DAO treasury assets. The council vetoed both proposals in approximately six hours, completed a fix that same night, and no funds were transferred.

Futu Holdings subsidiary Futu Securities International (Hong Kong) Limited has announced the launch of BNB deposit and withdrawal services for eligible professional investors (PIs) in Hong Kong. Qualified PIs can now deposit BNB to their Futu crypto accounts from self-custody wallets, or withdraw to verified whitelisted addresses, via the BNB Smart Chain (BEP20) network. Earlier, Futu’s wholly-owned SFC (Securities and Futures Commission)-licensed virtual asset trading platform PantherTrade (Cheetah Trade) in Hong Kong had already listed BNB and offered BNB trading pairs to Hong Kong’s eligible professional investors.

U.S. financial media outlet Semafor reported this week that Elon Musk has proposed a merger between Tesla (TSLA.O) and SpaceX (SPCX.O). A former U.S. Department of Justice (DOJ) official said the risk of antitrust issues arising is real. The official noted that antitrust regulators typically view such "vertical" mergers as pro-competitive, as they help improve supply chain efficiency. However, if the Tesla-SpaceX merger is deemed a potential "vertical exclusionary" deal, regulators may seek to block it. The official explained that an "exclusionary" scenario refers to a company leveraging its market position to restrict competitors at other levels of its supply chain. In this case, if only Tesla vehicles were allowed to use SpaceX technologies like Starlink in the future, other autonomous driving or electric vehicle manufacturers could suffer as a result.