Tom Lee: The booming Robinhood Chain further highlights ETH's on-chain monetary attributes

On-chain analyst Yu Jin monitored that an ancient whale, which participated in Ethereum’s ICO and subscribed for 200,000 ETH, transferred all remaining 7,594 ETH from its address to Kraken six hours ago, worth about $17.79 million. The whale bought the 200,000 ETH at $0.311 per unit back then, with a total cost of roughly $62,000. Calculated based on the historical average selling price of around $1,368, the total value of the 200,000 ETH is approximately $273.6 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa), an address linked to renowned rapper Kanye West withdrew 4,000 ETH from Binance 7 hours ago, valued at approximately $9.39 million, and deposited it as collateral on Aave. The address then borrowed an additional 6 million USDT. Currently, this address has pledged 22,504.52 ETH as collateral on Aave, with total borrowings of around $31.02 million and a health factor of 1.41. Since September 29, the address has withdrawn a total of 16,549.9 ETH from Binance, with an unrealized loss of roughly $2.477 million on its related holdings.

According to Bitget market data, Hong Kong-listed storage concept stocks rose at the start of trading. Southern's 2x leveraged Samsung Electronics (07747.HK) gained over 18%, Southern East SK Hynix (07709.HK) climbed more than 14%, Longsys (09976.HK) and Montage Technology (06809.HK) jumped over 6%, and GigaDevice (03986.HK) increased more than 5%.

SK Hynix’s third-quarter operating profit reached a record high of 83.3 trillion won, exceeding the LSEG-consensus market forecast of 76.7 trillion won and marking 7.3 times the 11.4 trillion won posted in the same period last year. Quarterly revenue surged 328% year-over-year to 104.6 trillion won, as demand for AI infrastructure continues to drive up memory chip prices. The company plans to implement a total shareholder return program worth approximately 100 trillion won (around $754 billion) in 2026. According to its announcement, this includes at least 30 trillion won in cash dividends and a total of at least 60 trillion won in stock repurchases and cancellations, with the latter covering the 40 trillion won repurchase announced in August. The company stated that the 40 trillion won repurchase was completed last week, and the relevant shares will be canceled soon. On the supply-demand front, SK Hynix reaffirmed that it expects the memory chip market’s demand exceeding supply to persist until 2030. To enhance medium- and long-term demand visibility, the company has signed long-term supply agreements with 14 major clients. The locked-in supply volume currently accounts for over 50% of its total production capacity in 2027 and 2028, and it is also actively discussing with multiple clients to extend contracts that typically run for 5 years. According to data from the BIT stock platform, driven by the strong earnings report, SK Hynix’s share price rose 9.05%, while South Korea’s KOSPI index gained around 6.14% over the same period.

According to Yonhap News Agency, Bithumb, Mirae Asset Asset Management, and Daishin Securities have confirmed they were hacked, and South Korea’s Financial Supervisory Service (FSS) is investigating the incidents. Bithumb detected on October 27 that its internal mobile office collaboration system was accessed abnormally by unauthorized external parties, leading to a personal data leak. The company is currently analyzing the specific scope of the leak, including whether member information is involved. Daishin Securities announced on October 28 that personal and credit information of 38,490 customers was leaked. The FSS has dispatched an on-site inspection team to the firm and is further verifying cyberattacks on other relevant financial institutions. The FSS Governor stated: As AI is being used as a tool for cyberattacks, security vulnerabilities will be easier to exploit, and multiple simultaneous attacks will become more common. He urged financial institution boards to strengthen their IT security capabilities and prioritize protecting customer assets, information, and financial trust as core responsibilities.

On-chain analyst Ai Yi (@ai_9684xtpa) tracked that a PEPE whale has transferred tokens again after a year: address 0x2da…65e69 moved 1.45 trillion PEPE tokens to another wallet 0x803…1E213. The whale built a total position of 4.03 trillion PEPE tokens from May 2023 to August 2024, at an average cost of roughly $0.000001185 per token. Its current remaining holdings generate an unrealized profit of about $5.106 million, while its unrealized profit once peaked at $32.77 million at the end of 2024.