A crypto whale has transferred BTC worth approximately $415 million, allegedly in preparation for a potential sell-off.

According to BIT (bit.com) market data, pre-market U.S. stocks in the optical communications, semiconductor, and Neocloud sectors rose broadly. All optical communications concept stocks gained, with Credo (CRDO) up 2.70%, Coherent (COHR) up 2.56%, Applied Optoelectronics (AAOI) up 2.54%, Astera Labs (ALAB) up 2.11%, and Lumentum (LITE) up 2.05%. Semiconductor stocks also strengthened in tandem: Intel (INTC) rose 2.12%, Applied Materials (AMAT) up 1.58%, Lam Research (LRCX) up 1.56%, Arm (ARM) up 1.48%, AMD up 1.43%, and NVIDIA (NVDA) up 0.70%. Most Neocloud stocks advanced: Hut 8 (HUT) gained 2.39%, CoreWeave (CRWV) up 2.16%, Nebius (NBIS) up 1.28%, and Galaxy Digital (GLXY) up 1.05%. Storage stocks showed mixed performance: SK Hynix (SKHY) rose 5.13%, SanDisk (SNDK) up 2.32%, Micron Technology (MU) up 1.63%; while Western Digital (WDC) fell 4.01% and Seagate Technology (STX) dropped 0.64%.

CryptoQuant analyst Darkfost stated in a post that due to ongoing tensions in the Gulf region and Ukraine’s intensified attacks on Russian refineries, Brent crude oil prices have held above $100 per barrel. Rising oil prices are transmitting through the global economy, pushing up costs for production, services, and commodities, further embedding inflationary pressures into the economic system, and potentially raising the risk of an economic slowdown—thereby restricting market liquidity, especially funds flowing into high-risk assets like Bitcoin. Darkfost pointed out that in the long-term trend, when Brent crude remains above its annual average and enters a strong upward trajectory, BTC tends to underperform; conversely, when oil prices fall sharply, BTC is more likely to see a recovery. However, he stressed that this does not imply a simple direct causal link between oil prices and BTC. What truly impacts high-risk assets is the macroeconomic environment accompanying high oil prices. This past July, oil prices briefly dipped, and BTC immediately got an opportunity to rally, but Brent crude has since rebounded notably. While funds may still rotate across different markets, driving BTC to extend its gains, the current macro environment is not favorable for sustained inflows of new liquidity into the market.

According to official announcements, OKX Flash Earn Lite will launch the CT (Concrete) "Stake to Earn" campaign from 15:00 on October 28 to 15:00 on November 3, 2026 (UTC+8). During the campaign, users who lock BTC, ETH, OKB or CT to participate in the subscription will be eligible to split 1,000,000 CT tokens as airdrop rewards. Users can join the subscription in advance starting from 15:00 on October 24 (UTC+8); rewards will be calculated from the official start of the campaign, and participants can access the activity via the "Flash Earn" entry at the top of the OKX App's Explore page.

According to Bitget market data, Hong Kong stocks closed higher. The Hang Seng Index rose 0.69%, while the Hang Seng Tech Index gained 2.05%. The AI application sector strengthened, with MINIMAX-W (00100.HK) surging 16.7% and Zhipu (02513.HK) climbing 8.3%.

According to monitoring by Onchain Lens, trader Boomer currently holds approximately $30.55 million in short positions on Hyperliquid, including a HYPE short with a notional value of around $2.53 million. This position is currently showing an unrealized loss of roughly $39,700. Boomer’s total current unrealized profit and loss (P&L) stands at +$129,800, with a cumulative loss of about $2.11 million over the past 30 days and historical cumulative profit of approximately $22.58 million.

Restaking protocol Swell announced in a statement that, to further secure its infrastructure, the team is collaborating with security partners and Seal911, and has suspended deposit and withdrawal functions for swETH and rswETH. Swell added that the next step to resume normal operations is adjusting its net asset value (NAV) to the correct level, after which access to deposits and withdrawals will be reactivated. The team emphasized that all funds are currently secure, and it is proceeding with caution to ensure a safe restoration of services. Additionally, Swell reminded users to stay vigilant and only follow information released through official channels, noting that phishing attacks may increase during such incidents.