Hyperliquid’s stock contract trading volume once again outpaced Bitcoin’s.

Tom Lee told CNBC in an interview today that last week marked the market bottom, not the start of a deeper correction. First, the market rose on Monday even amid negative news: a flurry of bad headlines over the weekend—including a scandal involving NVIDIA CEO Jensen Huang and Texas’ actions against Elon Musk’s company—yet the market rallied sharply. "Rising on bad news" is typically a hallmark of a market bottom. Second, the VIX term structure has normalized after inverting last week. Lee emphasized this "is usually a sign that the market has bottomed out, and it’s far safer than many people believe." For context, VIX term structure inversion occurs when acute market panic and heavy selling drive investors to scramble for short-term protection (such as short-dated put options), causing near-term implied volatility to spike sharply above longer-dated levels (VIX exceeds VIX3M, with a ratio above 1). This results in a downward-sloping curve, a classic signal of short-term stress and a surge in hedging demand.

An ancient crypto whale that built a position of 37,000 ETH in 2015 at an average price of $1.5 per token is suspected of selling 7,507.52 ETH over the past nine hours, with an estimated profit of $15.93 million. Since September 29, the whale has transferred $28.54 million worth of ETH (12,163.52 tokens) to centralized exchanges (CEXs), with an average deposit price of $2,346.87; a full sale of these holdings would generate a return of up to 156,358%. The whale’s ETH funds trace back to August 2015, when they were withdrawn from ShapeShift.

Initia tweeted that its team is investigating an issue affecting its Rollup infrastructure, and has coordinated with relevant Rollups to temporarily suspend operations. No impact on user funds has been detected so far, and the project hopes the Rollups will resume block production as soon as possible. Initia’s Layer 1 (L1) remains operational, though some services including Initia Scan have experienced performance degradation.

The U.S. Bureau of Labor Statistics announced that the October Consumer Price Index (CPI) inflation data to be released this week will not include year-over-year figures. The agency stated that data gaps caused by the October 2025 government shutdown have "hindered reliable annual comparisons."

After a 2-week break, the #EthereumFoundation-linked wallet sold 1,000 $ETH ($2.13M) again an hour ago. $ETH has dropped another 7.7% since its last sale 2 weeks ago.

According to sources, Anthropic has informed its IPO bankers that the previously submitted IPO filings contained errors, and the company will update the relevant data.