Huobi HTX has launched AERGO perpetual contracts and kicked off a contract trading party.

Per TradingBeats monitoring, the SPCX perpetual contract on Hyperliquid is trading at $161.72, up 7.23% from around $150.81 at the start of today’s 04:30 earnings call. Its 24-hour trading volume stands at roughly $277 million, with open interest nominal value around $151 million. As prices rebound, the unrealized profit of the largest SPCX long position on-chain has expanded further. The address currently holds approximately 100,100 long contracts, with a position value of around $16.19 million, an average entry price of $135.602, unrealized profit of about $2.6146 million, and a return rate of roughly 192.6%. Calculations show this round of price increase alone has added around $1.0922 million to its unrealized profit. (0x519c) On the news front, SpaceX’s third-quarter revenue and earnings performance significantly exceeded analyst expectations. The aerospace firm projects its first-quarter 2027 revenue will reach $33 billion to $37 billion, far higher than analysts’ prior estimate of around $22 billion. Musk expects the company’s annual recurring revenue (ARR) run rate to rise from roughly $100 billion at the end of 2026 to $500 billion to $1 trillion by the end of 2027. Musk also noted that the payback period for AI infrastructure investments is expected to be shortened to within one year, with some investments potentially recouped in as little as six months. Additionally, Musk confirmed SpaceX and Tesla have each established special independent director committees to formally discuss a potential merger.

On-chain analyst Ai Yi monitored that Kimchi (Gs5F...GYeX), a well-known Solana trader rumored to have profited over $40 million from TRUMP-related trades, withdrew 1.35 billion PUMP tokens worth $6.43 million in the past three hours. Today, Kimchi’s namesake token briefly hit a market cap of $40 million; Kimchi holds 75.32% of the token’s total supply. Pump.fun co-founder a1lon9 confirmed a partnership between the two, noting that Kimchi is helping Pump.fun define its creative direction.

SpaceX (SPCX.O) and Tesla (TSLA.O) have formed a special committee to explore a potential merger deal. Elon Musk stated, "I think this would be a good idea." However, the merger is not finalized and requires the support of half of Tesla's total shareholders. SpaceX's latest financial report shows its third-quarter revenue exceeded expectations, with its share price surging 8.06% in after-hours trading. Tesla's after-hours share price rose 1.76%. According to Coinglass data, SPCX saw $4.26 million in network-wide liquidations over the past 12 hours, including $900,000 in long positions and $3.36 million in short positions. TSLA recorded $454,000 in network-wide liquidations in the same period, with $1,147 in long positions and $452,900 in short positions. Network-wide open interest for SPCX contracts stands at 6.4709 million units, valued at approximately $1.049 billion, up 6.33% in 24 hours. For TSLA contracts, network-wide open interest is 510,900 units, worth around $195 million, down 2.81% in 24 hours. The 24-hour trading volume for SPCX contracts across the network is $3.146 billion, up 129.2% year-over-year, while TSLA's 24-hour trading volume is $479 million, down 1.69% year-over-year.

According to an official announcement, Binance has announced that starting at 08:00 GMT+8 on October 27, 2026, Binance Leverage will launch a routine liquidation process targeting cross-margin leveraged accounts with total outstanding liabilities below $1 (in any currency). This liquidation will be executed daily as part of regular operations. The target accounts are: 1. Cross-margin leveraged accounts where the total outstanding liabilities (sum of all currencies) are less than $1 equivalent; 2. Leveraged accounts with no fund activity in the past six months. Fund activity refers to any operation that generates fund flows, including but not limited to: · Fund transfers: moving funds into or out of leveraged accounts; · Borrowing/repayment: taking out or repaying leveraged loans; · Position closing, close all positions, or repay all: quick functions provided on the leveraged trading page.

Per official announcement, Binance’s derivatives platform will launch perpetual contracts (each with a maximum leverage of 20x) at the following times (all times are UTC+8): 17:00 on October 21, 2026 for the CEGUSDT USDT-denominated perpetual contract; 17:05 on the same day for BACUSDT; 17:10 for IBKRUSDT; and 17:20 for MDTUSDT, all USDT-denominated perpetual contracts.

According to the Daily Mail UK, a man who laundered funds for a fraudster involved in a 5.5-billion-pound scam has surrendered 5.6 million pounds to the UK government. 48-year-old Hok Seng Ling, who pleaded guilty to participating in what is considered the UK’s largest money laundering case by value, was ordered by the court to hand over the funds. He served as the "butler" of Qian Zhimin, who orchestrated a Ponzi scheme that defrauded over 128,000 Chinese investors between 2014 and 2017, then converted the illicit proceeds into bitcoin and fled to the UK. Malaysian national Ling, who resides in Matlock, Derbyshire, assisted the so-called "Bitcoin Queen" in laundering illegal funds, helping her evade UK police pursuit by booking Airbnb accommodations and arranging support staff. Last November, after Ling pleaded guilty to money laundering-related offenses at Southwark Crown Court in London, he was sentenced to 4 years and 11 months in prison. A confiscation order was later issued, requiring him to surrender 5,603,305 pounds, most of which came from cryptocurrency seized at his arrest. The full sum has now been recovered, along with an additional 1,990 pounds in interest.