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1. On-chain funds: Today, $160.0M flowed into Arbitrum; $143.4M flowed out of Hyperliquid. 2. Top gainers and losers: $SKYAI, $PETSNA. 3. Top news: BNB continues to surge, breaking through $1,375, with a 24-hour increase expanding to 17.2%.
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Quick Take Summary is AI generated, newsroom reviewed. Bitmine purchased $480.7 million worth of Ethereum during the recent market crash. The Ethereum whale purchase boosted sentiment and triggered renewed optimism in a potential crypto market rebound. Analysts believe Bitmine is betting on Ethereum’s long-term value and blockchain utility. The move may signal stronger institutional involvement and the beginning of a fresh accumulation cycle.References BREAKING 🚨BITMINE BOUGHT $480.7 MILLION WORTH OF $ETH
- 15:17NEAR announces that House of Stake has officially launched on the mainnet; locking NEAR will grant protocol governance rights and incentives.ChainCatcher news, NEAR Protocol announced that House of Stake has officially launched on the mainnet. Users can now lock NEAR to gain governance rights over the NEAR protocol and receive rewards. The longer the lock-up period, the higher the voting power and rewards.
- 14:58Monad: Airdrop Claim to Open Tomorrow at 21:00ChainCatcher News, according to the official announcement, Monad has announced that the airdrop claim portal will open at 21:00 tomorrow (GMT+8).
- 14:58Jiuzixineng completes private placement with 100 bitcoins to advance crypto asset strategyChainCatcher News, according to PR Newswire, Nasdaq-listed Zhejiang Jiuzi New Energy Vehicles Co., Ltd. (referred to as Jiuzi New Energy) (NASDAQ: JZXN) disclosed a crypto-denominated private placement settled with 100 Bitcoin. The funds will be used to build a digital asset custody platform and for research and development of crypto storage technology, with a focus on secure multi-party computation and zero-knowledge proofs. The company stated that after signing the agreement on October 7, it has entered the implementation phase. JZXN's stock price has risen and remains above the pre-announcement closing price since the framework was disclosed. JZXN mainly operates high-power DC fast charging and energy storage in third- and fourth-tier cities, and will promote the development and testing of the “Smart Energy Cloud Platform” and cross-border digital payments.