News linked to both this project and an event.
Garrett Jin, proxy for the "1011 Insider Whale," posted on X that the current situation for Bitcoin bulls is "not very optimistic," and that he does not want BTC to continue staying above $76,500.Garrett Jin believes that the longer the price stays at this level, the greater the likelihood that it will break below this support and seek support at lower levels; if BTC is to show a stronger trend, it needs to reclaim and hold above $78,300.
Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) has previously secretly approved 3 insider trading investigations into Polymarket trading, involving Biden pardon, Iran war, and Google-related event contracts. CFTC Chairman Michael Selig approved an investigation in May into contracts related to the Biden pardon, after a trader had profited over $300,000 from the related market; in the same month, the CFTC also approved an investigation into Iran war contracts, after a group of suspicious accounts was exposed for profiting $2.4 million with a win rate of approximately 98%. In July, the CFTC further launched an investigation into Google-related Polymarket contracts, focusing on individuals who may have used non-public information about Google's 2025 search rankings to trade. The U.S. Attorney's Office for the Southern District of New York is also conducting a parallel investigation, and Polymarket stated that it has referred the relevant matters to law enforcement and is cooperating with the investigation.
Odaily News: According to on-chain analyst Ember CN’s monitoring, Garrett Jin, the proxy for the “1011 Insider Whale,” has just closed a $107 million BTC long position, totaling 1,331 BTC.
Odaily News, the agent of the “1011 Insider Whale,” Garrett Jin, stated on the X platform that most “traders” missed this Bitcoin rally. When BTC dropped to $76,000, they advised waiting for $75,000, yet Bitcoin successfully held $76,600 and broke through $79,000, while also exploring higher highs. However, it is currently encountering resistance near the $82,500 level. Garrett Jin also noted that these traders are now suggesting taking profits at $85,000, and joked, “I doubt they are actually trading.”
Odaily News – In the latest weekly report, Garrett Jin, agent for the “1011 Insider Whale,” stated that despite oil prices rising to around $95 this week, the 10-year U.S. Treasury yield breaking above 4.8%, and market expectations for a September Fed rate hike climbing to approximately 70%, Bitcoin has held its key support at $76,600 and has since recovered to above $77,000.Garrett noted that the $75,000 to $80,000 range has formed a substantial new cost basis, providing firmer support for the market. If Bitcoin closes above $82,500 on the daily chart and subsequently holds around $80,000 during a pullback, it would signal that the market is absorbing selling pressure and gearing up for further strength. Conversely, if the daily close falls below $76,600—accompanied by weakness in at least two of the following metrics: ETF flows, Coinbase premium, and 7-day net realized profit/loss—it would constitute a clearer downside warning.On the capital front, U.S. spot Bitcoin ETFs saw net inflows of approximately $3.5 billion in August, but September opened with two-way flows, recording net outflows of around $237 million on Tuesday. Garrett believes that Bitcoin holding key support amid heightened macro rate pressures suggests recent spot demand is not entirely driven by short-squeeze dynamics. He maintains a constructive outlook for Bitcoin's performance toward year-end, though he notes that future trajectory will depend on whether U.S. Treasury yields can halt their sustained upward trend.
According to Business Insider, the federal government previously seized Anthropic shares held by FTX fraud case co-conspirators Caroline Ellison and Nishad Singh (valued at $10 million and $40 million, respectively) and sold them in 2025 to existing Anthropic investors. As Anthropic's valuation surged to $96.5 billion, the estimated value of these shares at the time of sale ranged from $250 million to $1.1 billion. However, there has been no record of the proceeds being transferred to the FTX bankruptcy liquidation account, leaving it unclear whether the funds will be used to compensate millions of FTX victims.
According to Crowdfund Insider, the Ethena Foundation has announced a series of adjustments to mitigate selling pressure from early investor unlocks. The foundation has completed over-the-counter buybacks of the remaining locked ENA tokens held by certain large seed round investors and agreed with major investors to terminate their remaining vesting schedules early. Starting October 5, no investor tokens will remain subject to lock-up, while team tokens will maintain their original lock-up and vesting terms.
Odaily News: "10.11 Insider Whale" Garrett stated on social media that it is now the time to start reaccumulating ETH, preparing for the upcoming consolidation phase and subsequent staking.
Odaily News, Garrett Jin, proxy for the "BTC OG Insider Whale," analyzed that Bitcoin's latest breakout above $70,000 was driven by multiple bullish factors, including the U.S. Treasury's expanded bond buybacks, the SEC's proposed crypto asset regulatory framework, and the White House crypto summit. The current price has entered a dense overhead supply zone ranging from the mid-$60,000s to the low $80,000s, with the first resistance layer already showing signs of weakening.Garrett Jin pointed out that the significant accumulation of new cost basis in the mid-$60,000 area over the past two months has provided underlying support for this breakout. While the short-squeeze triggered by short liquidations could temporarily push Bitcoin above $80,000 in the near term, the $80,000 to $82,500 range is a critical resistance zone to watch, and the short-squeeze momentum is unlikely to persist. If the market can effectively absorb supply below $80,000 before a breakout, it would be more conducive to a healthier subsequent trend.On the same day, SK Hynix announced South Korea's largest-ever stock buyback and cancellation plan, committing to return at least 50% of its projected free cash flow through 2027 to shareholders. Its shares surged over 10% at one point, triggering a buy-side circuit breaker on South Korea's KOSPI index. Analysts believe this move could alleviate market concerns over declining risk appetite for Korean semiconductor stocks, but it cannot alter the cyclical trajectory of the memory chip industry itself.
"1011 Insider Whale" representative Garrett Jin released a weekly analysis stating that while he previously suggested gradually positioning in memory chips and buying on dips, the market did not experience the expected pullback. He has sold half of his previous rebound positions during the surge, not because the investment logic has changed, but due to concerns regarding the capital structure driving the rise, stating, "This looks more like a short squeeze than a final confirmation of fundamentals by the market." Rapid capital covering short positions can create short-term gains for memory chip stocks like SK Hynix, but cannot sustain the trend alone. Risks associated with Korean leveraged ETFs have not been fully released, but the decline in asset size is mainly due to NAV shrinkage rather than investor exit. Currently, cumulative net subscriptions for related financial products remain at historic highs and have not turned negative. Garrett Jin emphasized that the decline in Korean leveraged ETF size does not indicate market bearishness on memory demand. SK Hynix's 2026 capacity is already sold out, and Micron's orders are covered until 2028, with demand remaining strong through the second half of 2027. However, the memory industry is essentially still cyclical. Stock prices have already surged by hundreds of percentage points in advance, and cyclical stocks are typically difficult to sustain long-term growth driven solely by valuation expansion. The current market is entering a new phase of the AI capital expenditure cycle, shifting from "rewarding investment" to "evaluating investment returns." Regarding Bitcoin, Garrett Jin stated it continues to meet the bottoming conditions established since the July lows, and he currently maintains the position view established near $60,000.
According to monitoring by on-chain analyst Ai Yi (@ai_9684xtpa), a suspected insider address for $LAB transferred 7.99 million tokens to three new addresses under the Aster platform 11 hours ago. Only one and a half hours after the transfer, the price of $LAB plummeted from $1.21 to $0.8152, a drop of 34%. Previously, this address had transferred the same batch of tokens to three new addresses 3 hours ago, at which time the value was about $9.24 million, while three days ago this batch of tokens was worth as high as $141 million. Since July 6, $LAB has flash crashed from $17.68 to $1.05, accumulating a 94% plunge over three days. The coin price has fallen back to the level before the suspected market manipulation began two months ago, and the market suspects that the market makers have entered the direct distribution phase.
According to on-chain analyst Ai Yi (@ai_9684xtpa), $LAB flash crashed from $17.68 to $1.05 within three days starting from July 6, a decline of 94%, with the coin price falling back to the level before the suspected market manipulation began two months ago. Meanwhile, suspected insider addresses remain active on-chain, having transferred 7.99 million LAB to three new addresses 3 hours ago; currently worth about $9.24 million, this batch of tokens was worth as high as $141 million three days ago, and the purpose of the transfer is currently unknown.
According to Odaily, "1011 Insider Whale" agent Garrett Jin pointed out in a post that there has been a clear change in market structure this week, with funds within the AI industry chain being reallocated.Change 1: Signs of a cyclical peak in Memory chipsHe stated that Micron's stock price faced resistance and fell back around the $1250 level. Despite earnings results exceeding expectations, the stock price is still declining on increasing volume, displaying typical top-forming characteristics of "weakening after good news is priced in."Concurrently, capital is rapidly flowing out of the memory chip sector. DRAM-related ETFs are experiencing declines on heavy volume, and SK Hynix and Samsung Electronics in the South Korean market are also weakening. Data shows that foreign investors have withdrawn over 100 trillion Korean Won (approximately $650 billion) from the South Korean stock market in the past two months.Change 2: Funds rotating towards AI HyperscalersHe noted that the real direction for absorbing this capital is not small and mid-cap AI concept stocks, but rather the core cloud computing giants represented by Google, Microsoft, and Amazon.Last Friday, when the chip sector came under pressure, GOOG and MSFT had already stabilized on increased volume, and this week META has further strengthened this trend by rallying on high volume.Garrett Jin believes the logic behind this capital migration is the "token optimization trend." As more simple tasks are handled by low-cost models, value will gradually concentrate on the token-based billing cloud services and orchestration layers, rather than the foundational model layer. This also forms the core moat for hyperscale cloud providers. The current strategy should focus on catching up opportunities in hyperscale cloud names.
according to sources familiar with the matter, U.S. regulators are investigating allegations brought by Susquehanna International Group. The allegations claim that an unknown insider trader profited $100 million through options bets ahead of the recent Chinese regulatory crackdown on cross-border brokerages Futu and Tiger Brokers. Susquehanna made these allegations public in a lawsuit filed in the Manhattan federal court on June 29.The sources indicated that the U.S. SEC is reviewing the trades described in the market maker's complaint. In its lawsuit, Susquehanna claims it lost over $70 million as the counterparty to much of the alleged insider trading. The lawsuit states that traders purchased options traded on U.S. exchanges of Chinese securities firms, which subsequently became the target of a regulatory crackdown on May 22. The scope and stage of the SEC investigation are currently unclear. A U.S. judge on June 29 granted Susquehanna's request to freeze the relevant accounts. The Chinese government stated that Futu and Tiger Brokers were providing unlicensed trading services to mainland residents. The stock prices of both companies fell following the announcement on May 22. Futu was fined 1.85 billion yuan in regulatory penalties, and founder Leaf Li saw his wealth decrease by $1.7 billion in a single day. (Straits Times)
According to on-chain monitoring, Garrett Jin has again placed a $21.73 million short position in ZEC; part of it has already been executed. Meanwhile, his long BTC position is currently underwater by over $20 million.
Odaily Odaily News: According to on-chain analyst Ai Yi's monitoring, BTC has once again fallen below $60,000. The 5x leveraged long Bitcoin position held by Garrett Jin, the agent of the "1011 Insider Whale," now has an unrealized loss of $21.12 million. The opening price of his 1,268.33 BTC position was $76,117, while the mark price is $59,466, representing a decline of 21.8%.
Data shows that “10·11 Insider Whale” Garrett Jin still holds a 5x leveraged long position of 1,270 BTC. The position was opened at a price of $76,117 in May of this year and has been held for nearly 2 months. Currently, the floating loss on this trade exceeds $18.55 million, with a margin size of $15.6 million, and the liquidation price is temporarily reported at $16,964.
Odaily reports: According to monitoring by Ember, the "1011 insider whale" (linked to the Garrett Jin whale entity) has closed out its smaller ZEC and UNI long positions. Specifically, a long position of 50,000 ZEC (approximately $22.38 million) was closed for a profit of about $420,000; a long position of 580,000 UNI (approximately $1.76 million) was closed at a loss of around $310,000.However, this whale still holds a BTC long position of 1,270 BTC, opened in May this year at a price of $76,117. The position is currently worth approximately $80 million, with its floating loss widening to about $16.65 million.
: According to Onchain Lens monitoring, the "10.11 Insider Whale" Garret Jin appears to be bullish on UNI, having opened a 2x long position on 366,423 UNI with the position still increasing, and continues to hold a 5x long position on BTC and a 2x long position on ZEC.
Odaily News According to Onchain Lens monitoring, the "1011 insider whale," Garret Jin, has sold all 184,102 HYPE at a price of $73.58, exchanging them for 13.54 million USDC, realizing a profit of $2.83 million. He still holds a 5x long BTC position, with an unrealized loss of $13.2 million, and a 2x long ZEC position, with an unrealized gain of $3.29 million.