A whale transferred 10,000 GIGGLE to Binance, with a unrealized gain of $1.71 million

On October 26th, based on market data, this morning the MERL spot price surged rapidly and broke through $0.58. It has seen a nearly 40% increase in the past 4 hours. Meanwhile, MERL is currently trading at $0.4039 on Binance Futures, with a futures-to-spot price difference of approximately 45%. Additionally, the current MERL contract funding rate is significantly bearish, at -0.18625%. BlockBeats reminds users that the prices of related tokens are volatile, and users should invest with caution.

On October 26th, as per Bloomberg, the regulatory authority in Nevada, the United States, issued a "cease and desist order" to the cryptocurrency custodian Fortress Trust (now rebranded as Elemental Financial Technologies). It was stated that the custodian's liquidity was "severely insufficient" and it was incapable of fulfilling the obligations of customer withdrawals. Court documents reveal that Fortress owes customers more than $8 million in fiat currency and $4 million in cryptocurrency assets. There is only less than $200,000 in cash and approximately $1 million in cryptocurrency assets remaining in its accounts. As early as 2023, Ripple had planned to acquire the company but withdrew from the deal after incurring millions of dollars in a hacking incident.

On October 26th, according to GMGN market data, despite community worries about the token sale of the Base prediction platform Limitless team during the TGE, its token LMTS continued to have a significant rebound 3 days after it was listed. In the past 24 hours, its price surged by more than 110% and is now trading at $0.429, with a total market value of $4.29 billion.

October 26th: Following the loss of $12.56 million in the October 11th crash, the "buddy" has not initiated any significant positions since then. During the past half month, he has only been engaging with a few hundred thousand dollars. Whenever he incurs losses, he transfers another few hundred thousand dollars to continue trading. Nevertheless, even in this manner, he tends to lose more than he wins. After the liquidation on 10/11, he subsequently transferred a total of $1.85 million to Hyperliquid. However, currently, only $1.13 million remains in the address. This $1.13 million also encompasses the $680,000 unrealized gains from his current holdings of ETH and HYPE.

On October 26th, the U.S. cryptocurrency exchange Kraken disclosed its Q3 financial report. The revenue reached $648 million, showing a year-on-year increase of 114% and hitting a new historical high. The adjusted EBITDA was $179 million, and the profit margin rose to 27.6%. In addition, the total trading volume of the platform increased by 106% year-on-year to $561.9 billion, and the platform assets grew by 89% to $59.3 billion. Kraken's user base is also expanding, with the number of registered accounts reaching 5.2 million by the end of this quarter. Kraken stated that the growth was mainly driven by multiple acquisitions in 2025 and the ongoing initial public offering (IPO) plan. On September 26th, Fortune magazine reported that Kraken raised $5 billion at a valuation of $15 billion, with increasing speculation that the company plans to go public with an IPO at some point in 2026. (Cointelegraph)

On October 26th, the ecological prediction platform Myriad of Abstract released a teaser video. In the video, there was a blurred image with a yellow icon similar to the BSC logo. CZ replied to this tweet with "Good color." In a previous update, He Yi expressed a welcoming attitude. He stated that builders were welcome to create prediction market projects on BSC, and YZi Labs was willing to invest.