News linked to this event type.
According to announcements from Upbit and Bithumb, both Korean cryptocurrency exchanges have designated Initia (INIT) as a trading alert asset due to unexplained or unresolved security incidents, such as hacks impacting related wallets or distributed ledgers, which could lead to user asset losses. Currently, deposit and withdrawal services for INIT on both exchanges have been suspended. Upbit stated that upon resumption, withdrawals will be prioritized, with deposit services to be announced separately.
Odaily reports: According to on-chain analyst Yu Jin's monitoring, an ancient whale subscribed to 100,000 ETH via ICO in 2015 at a price of $0.311, worth $31,000. Half a year later, the whale sold 50,000 ETH at $5.47, worth $274,000, for a 17x profit. The remaining 50,000 ETH were held until today, 11 years later, when they began to move: 5,000 ETH were transferred out within 2 hours, of which 1,500 ETH have entered a centralized exchange, worth $3.45 million.
Odaily reports: Timothy Wadsworth has been sentenced to 51 months in prison and ordered to pay $810,965.19 in restitution after being convicted of conspiracy to commit wire fraud and money laundering. The U.S. Department of Justice (DOJ) announced the sentencing on October 23. Wadsworth is from Rochester, New York. His fraud scheme involved processing unauthorized credit card payments through Stripe, then transferring part of the funds to Coinbase to purchase Bitcoin and send it to co-conspirators.Between March 10 and May 15, 2020, Wadsworth used account information provided by co-conspirators to attempt to process 310 payments through Stripe totaling approximately $1.6736 million, of which 116 succeeded, amounting to about $730,700. The funds were moved through HSBC and Evolve Federal Credit Union accounts under his control, with some subsequently used to purchase Bitcoin.The judge also ordered the forfeiture of $810,956.19 in wire fraud proceeds. From March 2020 to September 2021, the actual and intended losses caused by the related fraud scheme totaled approximately $2.06 million, and also included disaster loans, Paycheck Protection Program loans, unemployment benefits, and other fraud proceeds targeting victims. (Bitcoin.com News)
According to data monitored by Arkham, whale 0xfAb's spot positions in ONDO and LINK currently show an unrealized loss of nearly $400,000. The whale began accumulating ONDO about a year ago and has continued to add to the position in tranches at an average cost basis of approximately $0.55; the LINK position was newly opened more recently.
According to Lookonchain monitoring, over the past 24 hours, 3 wallets possibly belonging to the same whale deposited 494,300 HYPE worth $37.83 million to Coinbase.
Connecticut tax preparer Yuridia Trujillo has been accused of filing false cryptocurrency losses for clients who never held the relevant assets. The U.S. Internal Revenue Service (IRS) alleges that her company, Yuri's LLC, submitted at least 4,335 tax returns between 2017 and 2024, which also allegedly included false claims regarding retirement contributions, dependent care, business and rental property information.The indictment alleges that Trujillo used Form 8888 to divert some clients' tax refunds into her own bank account and that of an accomplice. A federal grand jury indicted her on October 7, and law enforcement arrested her on October 9; she faces 19 counts related to false income tax returns and has been released on $50,000 bail pending trial. (Bitcoin.com News)
Odaily News: According to monitoring by on-chain analyst Yu Jin, this institution, which simultaneously invests in Aave and Worldcoin, has over the past day again transferred a total of 16.1 million WLD, worth $7.39 million, and 35,000 AAVE, worth $4.81 million, to multiple CEXs. Over the past two days, the institution may have sold tokens worth approximately $45.38 million, including 35.1 million WLD, worth $17.06 million; 6,000 ETH, worth $14.4 million; and 97,000 AAVE, worth $13.92 million.
Odaily reports: CryptoQuant analyst Darkfost posted on X that as BTC has held above $80,000 for several consecutive weeks, the behavior of retail investors and whales transferring BTC to Binance has diverged significantly. Data shows that the 30-day cumulative retail BTC inflows to Binance have risen from $5.5 billion to $10.75 billion, nearly doubling and hitting a 6-month high. In contrast, whale inflows over the same period have continued to decline, dropping from $5.9 billion at the end of August to the current $3.8 billion.Darkfost believes that some retail investors may be viewing this first rebound as an opportunity to reduce positions or exit, while whales have not yet shown a clear willingness to sell. What is worth watching going forward is whether whales will continue to maintain low exchange inflow levels if BTC prices continue to rise.
Odaily reports: According to Onchain Lens monitoring, a Hyperliquid trader went long on 26,000 HYPE with 10x leverage, worth $1.99 million, and added buy orders totaling 23,500 HYPE, worth approximately $1.7 million. The trader has a cumulative profit of $3.94 million, an unrealized loss of $3,800, and a loss of $370,900 over the past 30 days.
According to Onchain Lens monitoring, Arthur Hayes (0x6cd...7e21) received $49.24 million USDC after recent token sales, of which Galaxy Digital recently transferred $23.07 million to him, bringing the total USDC he received from trading desks and exchanges to $49.24 million.
Odaily Report: Dan Bin, head of Oriental Harbor's overseas fund, has made major adjustments to his tech sector positions. Data from Simuwang shows that as of the end of Q3 2026, Oriental Harbor's overseas fund held a total of 13 US stock positions, with a combined market value of approximately $1.469 billion. By sector distribution, AI remains the focus of its allocation, with Google being the fund's largest holding as of the end of Q3. However, judging from the position additions and reductions, Dan Bin's preference for AI industry sub-sectors has changed significantly compared with Q2. According to statistics, in Q3 of this year, Oriental Harbor's overseas fund reduced its positions in Advanced Micro Devices, Broadcom, Lumentum and other targets newly bought in Q2, while increasing its positions in memory giants Micron Technology, SanDisk, as well as Nvidia, Google-C, TSMC and others. (Shanghai Securities News)
according to on-chain analyst Ai Yi, a mysterious entity whose funding source is Tornado has cumulatively bought 3,000.5 ETH worth $7.06 million since October 23, and subsequently swapped it for BTC via the cross-chain protocol THORChain. The entity had previously sold ETH in batches at price highs and bought back near recent lows: it sold at $3,109 in January 2026, sold again at $2,679 in September 2026, and bought back at $2,353 in October 2026.
Trader Killa stated that he currently continues to hold multiple BTC long positions. If Bitcoin drops to $74,000, liquidating his 10x leveraged long position established at $82,800, he plans to reopen a position at the previously set invalidation level, but with a reduced position size.
Odaily reports: Trader Killa posted that he currently still holds Bitcoin long positions, including longs opened at $62,600 and $76,000, as well as a 10x leverage long position opened at $82,800. If BTC wicks down to $74,000, causing the 10x leverage long position to be liquidated, he plans to open another 10x leverage long position at the previously set invalidation level, but with a smaller position size, as he already has significant exposure in that price range.Killa added that if he were not already holding a large number of longs and spot positions, he would actively buy at current levels. He believes investors who are underallocated could consider gradually buying over the coming weeks, and stated he would rather enter early than miss out on a larger subsequent move.
Trader Killa believes the market should not view Bitcoin's previous extreme low as an inevitable target to revisit. He notes that BTC has currently pulled back approximately 9% and recommends investors continue dollar-cost averaging over the coming weeks.
Galaxy Research has published an analysis stating that over the past three weeks, approximately 40 inscriptions composed of random letters have appeared on the Bitcoin network each day, with content that appears to be encrypted text but is not actually cryptographic information. The relevant addresses had previously inscribed the U.S. Constitution onto the Bitcoin network in May. The study found that after analyzing 562 texts, the frequency distribution of the 26 English letters was nearly uniform, clearly differing from normal English and substitution cipher characteristics; metrics such as word length distribution and repeated word frequency also indicated that these texts were likely generated by a random letter generator.Galaxy Research refers to the operator as "Babel Scribe," believing that the activity is more likely testing a data publishing tool on the Bitcoin mainnet rather than attempting to convey hidden messages. The on-chain transaction structure, the continuous use of change addresses, and the regular timing of publications all display characteristics of automated scripts. Related activities also include test texts, random words in different languages, binary data, and the subsequent inscription of the U.S. Declaration of Independence. It is estimated that the project has transferred in approximately 3.33 million satoshis in total, of which about 24% was used to pay miner fees, with the remaining funds still held in the relevant addresses. The researchers suggest that there is no need to interpret these garbled texts as hidden messages.
Odaily reports: According to Arkham monitoring, a Worldcoin (WLD) whale has conducted nearly 100 transactions since 2025, with cumulative WLD buy and sell volume approaching $30 million.Historical data shows that in 2025, this address conducted a large number of trades on Bitvavo and made nearly $1 million in profit through approximately 613,000 WLD. However, this year the address attempted to further increase its trading scale, with cumulative trading volume reaching about $22 million, yet it has not realized any profit. The profits accumulated last year have been entirely given back, and the address currently still holds approximately 11.2 million WLD.
Odaily reports: Crypto analyst Ali has stated that $1.26 may currently be the lower boundary of the price channel XRP has formed since August. If this support level is broken, the price could first decline to $1.11, and further downside could reach $0.98, roughly 22% below $1.26.Ali believes that if whales continue selling, XRP could fall to $0.98. Data shows that over the past few weeks, the number of wallets holding between 10 million and 100 million XRP has dropped from 351 to 339; meanwhile, the amount of XRP held on exchanges has risen from 11.003 billion to approximately 11.05 billion, an increase of about 50 million, and has remained at a high level over the past week, potentially indicating increased selling pressure.
Odaily reports: Crypto analyst Darkfost posted that this round of deleveraging was driven by a combination of price declines, cascading liquidations, and traders actively closing positions to reduce risk. Looking back at July of this year, Ethereum also experienced a more severe contraction in open interest, after which it stabilized and rebounded, gaining over 32% and briefly breaking above $2,800. Deleveraging is part of the market correction process; such phases are often accompanied by panic sentiment and may also occur at the tail end of a correction.Over the past three weeks, the altcoin market has shown overall weakness, with Ethereum's price pulling back roughly 15% and its market cap shrinking by approximately $54 billion. In the derivatives market, ETH open interest on Binance fell by $1.3 billion over the past month, a decline of nearly 20%, dropping to $5.7 billion; total ETH open interest across the entire network fell to $11.5 billion.
Odaily reports: CryptoQuant analyst Axel Adler Jr. posted on the X platform that Bitcoin remains in a volatility contraction phase. The spread between the highest and lowest prices over the past 30 days has narrowed from 13% to 6%, and the price has remained within the $80,000 to $86,000 range for the 9th consecutive day. Yesterday, Bitcoin found support near the 365-day simple moving average (SMA 365) and rebounded, closing at $80,500, marking a new low for the past 30 days.He noted that volatility contractions typically end with sharp price movements. The key level above is currently $86,000, while below, attention should be paid to the 365-day moving average.