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CZ: "Asset tokenization is essentially exporting U.S. capital markets onto the blockchain, and its value will eventually be recognized."

1 hours ago

Yesterday, CZ appeared at Nasdaq to ring the bell for BNB Standard, the treasury company of BNB. He was subsequently interviewed by @andyyy, host of the prominent crypto blog The Rollup. CZ stated, "Blockchain is merely a technology that should be utilized by the traditional financial industry and all financial participants." On asset tokenization, CZ defined it as "exporting U.S. capital markets onto the blockchain. This is not meant to replace the existing system, but to make it easier for people worldwide to access high-quality U.S. assets and markets." Addressing recent headwinds facing stock tokenization, CZ stressed that the tokenization process will inevitably be gradual and lengthy. "As more people hold and use tokenized stocks, its value will eventually materialize."

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SOXL surges, with on-chain positions decreasing by over 30%, mainly due to short covering.

According to TradingBeats monitoring, the SOXL contract on Hyperliquid is currently priced at $91.877, up around 11.10% in the past 24 hours, with a trading volume of approximately $105 million. However, the price rebound was not accompanied by a corresponding expansion of positions: compared to before yesterday’s afternoon session, its nominal open interest dropped from $39.27 million to $28.15 million, a decrease of about 28.29%; the number of positions fell by roughly 35.28%. On the news front, Anthropic publicly filed an IPO application on October 26, boosting sentiment for AI-related stocks, and the Philadelphia Semiconductor Index rose 2.8% on the same day. Short covering was a key change in this round of trading. Since 21:00 last night, two large accounts have collectively net covered around $7.2229 million in SOXL short positions, reducing the number of short positions from about 103,500 to 25,000, a shrinkage of approximately 75.83%; during this period, they realized a trading profit of around $417,300 (0xda37, 0x0242). On the long side, profit-taking and position switching also occurred. Early this morning, one account liquidated roughly $2.066 million in SOXL long positions, realizing a trading profit of about $153,300; at the same time, the account switched positions, adding around $4.9739 million in Samsung Electronics contracts, and currently holds approximately $8.43 million in Samsung long positions (0x4b86).

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A certain address has again added to its XAUt holdings after three months, with its total position value amounting to approximately $18.63 million.

According to monitoring by crypto analytics account Ai Yi, on-chain address 0x32f…2eD48 has resumed adding to its holdings of Tether Gold (XAUt) after a three-month hiatus. Roughly three hours ago, the address withdrew 300 XAUt from Bitfinex, valued at approximately $1.2 million. Following this purchase, its total holdings of 4,500 XAUt now carry an average cost of $4,141.54, with an unrealized loss of around $606,000. Since July 2026, the address has accumulated XAUt worth roughly $18.63 million.

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UXLINK hacker goes long 30,300 ETH, position valued at $70.25 million, with an unrealized profit of $5.62 million.

According to EmberCN monitoring, a hacker who stole approximately $40 million in assets from UXLINK last year has opened a long position of 30,300 ETH on Hyperliquid at $2,134, with the position valued at $70.25 million and an unrealized profit of $5.62 million as of now. The funding address for this ETH long position has direct capital overlap with a known UXLINK hacker address: one month ago, the two addresses pooled remaining ETH gas fees into the same wallet on the same day. In early August, the hacker aggregated 11.54 million USDC from multiple sources before starting to trade ETH on Hyperliquid, opening a total of 6 positions, 5 of which were profitable, with a total profit of $5.71 million.

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Meta's financing has sparked concerns over potential equity dilution and return on investment pressure, with a crypto whale shorting $6.8 million post-news.

Meta announced the launch of an approximately $35 billion public offering, comprising $225 billion in common stock and $125 billion in mandatory convertible preferred stock, to fund AI infrastructure expansion. The company also plans to roll out an approximately $60 billion at-the-market (ATM) offering arrangement in the future. This large-scale financing has brought potential equity dilution and AI investment return issues to the market’s attention. According to TradingBeats monitoring, since the announcement, a whale has added a net 4,213.37 META short positions, with net selling of roughly $2.6597 million. Its short positions have risen to 10,818.06 units, currently valued at about $6.8517 million, with an average entry price of $635.47, and a temporary unrealized profit of approximately $22,800 (0x49e9). In the same period, META’s largest long holder further reduced its position cost by purchasing 10,000 units for around $6.3531 million, boosting its long positions to 40,000 units, and lowering the overall average entry price from $680.95 to $669.54. The position is now valued at approximately $25.3332 million, still holding an unrealized loss of about $1.4485 million (0x1367). As of press time, META perpetual contracts are trading at $633.33, down roughly 1.06% over 24 hours, with a trading volume of about $98.63 million, and the notional value of open interest stands at around $103 million.

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Two whales deposit 2,571 $BTC ($206.52M) to Coinbase Prime after 3 years inactive

Two whales deposited 2,571 $BTC ($206.52M) into #CoinbasePrime 10 hours ago after 3 years of inactivity.

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Pump.fun application now supports X Layer.

According to official news, Pump.fun now supports X Layer. Users can use Pump.fun’s web platform and app to conduct operations including depositing, withdrawing, asset discovery, price checking, and trading of X Layer ecosystem assets. The platform offers a one-stop experience from asset discovery to trading, making it more convenient for users to engage in X Layer ecosystem asset transactions.

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