A Whale Shorting SOL with 20x Leverage, Currently Holding a $41.05M Position

On October 17th, as reported by businessinsider, DL Holdings Group Limited (HKEX: 1709) announced a comprehensive strategic partnership with Antalpha today, with a total value of up to 200 million US dollars. This cooperation encompasses tokenized gold assets and Bitcoin mining infrastructure. In the gold asset sector, First Holdings has made an initial investment of $5 million in Tether Gold (XAUT) and plans to further acquire and distribute up to $100 million worth of XAUT within the next twelve months. Regarding hash power infrastructure, the group has planned an additional $100 million investment in Bitcoin mining machine procurement. It has currently completed the purchase of thousands of high-performance mining machines and established a strategic alliance with Antalpha. This cooperation will enhance First Holdings' upstream layout in the hash power field and assist it in becoming a leading publicly listed Bitcoin mining enterprise in Asia.

On October 17th, according to on-chain analyst Ai Yi (@ai_9684xtpa), the address 0x5Fe...4A838 has accumulated digital gold worth $12.02 million through hoarding in the past three weeks. It has now achieved a total profit of $1.147 million. It is reported that the address opened a position in PAXG three weeks ago at an average price of $3828.93 and deposited it into Binance 2 hours ago at an average price of $4426.52. If sold, it will make a profit of $597,000. In addition, the address also opened a position in XAUt at an average price of $4095.88 in the past three weeks and now has a floating profit of $550,000.

On October 17th, as per Bloomberg, Ripple Labs is spearheading a fundraising round with an amount of at least $1 billion via a special purpose acquisition company (SPAC) (the specific name has not been disclosed yet) in order to accumulate its affiliated digital token XRP. The funds will be injected into a newly established digital asset reserve, and at the same time, Ripple Labs will contribute a portion of its own XRP.

On October 17th, as monitored by on-chain data analyst Yu Jin, two whale/institutional addresses collectively deposited 1,785,700 ASTER tokens (approximately $22.88 million) into a CEX today. Among them, a whale/institution that has been accumulating 64,535,000 ASTER tokens through Gate and has been making daily transfers to Binance recently transferred 9,575,000 ASTER tokens (approximately $12.53 million) to Binance again today. Its ASTER holdings are now on the verge of full liquidation. It has transferred a total of 58,608,000 ASTER tokens to Binance in the past week (approximately $92.25 million), with only 5,926,000 ASTER tokens remaining (approximately $7.42 million), and it is expected to complete the liquidation tomorrow. A whale/institution that previously participated in the WLFI public sale (purchasing 2 billion WLFI tokens for 10 million USDT) withdrew 8,282,000 ASTER tokens (approximately $16.86 million) from Bybit three weeks ago at a price of $2.03. Eight hours ago, thes

On October 17th, as per The Block, Florida legislators have launched the 2026 legislative session and have proposed including Bitcoin in the state's asset allocation. House Bill 183, submitted to the Florida House of Representatives, would permit the state's Chief Financial Officer to invest up to 10% of designated public funds (such as the general revenue fund, budget stabilization fund, and various trust funds) in "digital assets" and exchange-traded products. It is reported that the bill defines digital assets to encompass Bitcoin, tokenized securities, and NFTs, and sets out strict custody requirements: the assets can be held by the Chief Financial Officer, a qualified custodian, or an ETF registered with the SEC. Citing the executive order establishing a federal "Strategic Bitcoin Reserve" by the White House in March 2025 as the policy background, the bill positions Bitcoin as a potential store of value for the state's finances and an inflation hedging tool, scheduled to come into

On October 17th, Grant Cardone, who is the CEO of the U.S. real estate investment company Cardone Capital, declared that after purchasing 300 BTC last week, the company has once more augmented its holdings by 200 BTC.