Bitcoin Temporarily Drops Below $107,000

On October 24th, as per LookIntoBitcoin's monitoring, the Whale Address bc1q8e withdrew 1,470 BTC from Binance within the past hour. The value of this withdrawal is $163 million.

On October 24th, as per the monitoring of Onchain Lens, a new wallet transferred 2.125 million USDC into Hyperliquid and initiated a 7x leveraged long position in ENA. Currently, the account has set up a TWAP order to further expand its position.

On October 24th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), recently, the address associated with the "1011 Insider Whale" that had a 12-transaction winning streak, namely address "0xc2A", increased its long position in ETH to $132 million and also opened a long position in BTC. Currently, the positions are as follows: With 5x leverage for the long position: approximately 33,271 ETH, with an entry price of $3,897.59 and a position size of $132 million, and an unrealized gain of about $2.1 million; With 4x leverage for the long position: approximately 80 BTC, with an entry price of $110,900 and a position size of $9 million.

On October 24th, the Web3 startup Pieverse in the payment and compliance infrastructure field has completed a strategic financing round of $7 million. This round was led by Animoca Brands and UOB Ventures. The co-investors include 10K Ventures, Signum Capital, Morningstar Ventures, Serafund, Undefined Labs, and Sonic Foundation. Previously, Pieverse had received support from Binance MVB Season 9. Its goal is to timestamp value through verifiable on-chain financial instruments in order to make Web3 transactions more transparent and compliant.

On October 24th, the DEX Jupiter within the Solana ecosystem announced that it would launch a new ICO platform, and the first project is scheduled to be launched in November. This platform is specifically designed for community-funded projects, providing permissioned capital fundraising and granting exclusive access to JUP stakers.

On October 24th, BitmapPunks recently drew a comparison between the recent "CS:GO Skin Crash" and the NFT market. They expressed the view that many crypto users may not have been aware that CS:GO skins represent the largest digital non-fungible token (NFT) market, with a total market value exceeding that of all Web3 NFTs combined and have always been one of the golden reference standards for digital collectibles. However, they recently announced a new mechanism - allowing the creation of rare items by sacrificing multiple common items - which led to a 50% market crash in a single day, an event without precedent in history. While this is likely to be a deliberate business decision focused on long-term benefits, this event highlights the fundamental value of blockchain technology: decentralization and immutability. Only when there is no central authority that can change the rules of the game can owners truly securely hold their digital assets.