An ancient whale that built a position of 37,000 ETH starting in 2015 may have sold more than 7,500 ETH, delivering a return of up to 156,358%

According to Bubblemaps’ monitoring, crypto KOL Cupsey has traded over 27,000 tokens via 30 associated wallets since May 7. Around 3,000 of these token trades generated profits totaling approximately $1.74 million. His modus operandi involves buying tokens via operational wallets and distributing them to associated wallets: Cupsey’s public wallet purchases prompt followers to buy, after which the associated wallets sell off the tokens. He also has on-chain links to multiple rug pull deployers, with the related ruggers earning roughly $1.3 million.

Tom Lee told CNBC in an interview today that last week marked the market bottom, not the start of a deeper correction. First, the market rose on Monday even amid negative news: a flurry of bad headlines over the weekend—including a scandal involving NVIDIA CEO Jensen Huang and Texas’ actions against Elon Musk’s company—yet the market rallied sharply. "Rising on bad news" is typically a hallmark of a market bottom. Second, the VIX term structure has normalized after inverting last week. Lee emphasized this "is usually a sign that the market has bottomed out, and it’s far safer than many people believe." For context, VIX term structure inversion occurs when acute market panic and heavy selling drive investors to scramble for short-term protection (such as short-dated put options), causing near-term implied volatility to spike sharply above longer-dated levels (VIX exceeds VIX3M, with a ratio above 1). This results in a downward-sloping curve, a classic signal of short-term stress and a surge in hedging demand.

Initia tweeted that its team is investigating an issue affecting its Rollup infrastructure, and has coordinated with relevant Rollups to temporarily suspend operations. No impact on user funds has been detected so far, and the project hopes the Rollups will resume block production as soon as possible. Initia’s Layer 1 (L1) remains operational, though some services including Initia Scan have experienced performance degradation.

Glassnode data shows that the trading volume of stock-based contracts on Hyperliquid has once again exceeded that of Bitcoin. Although both U.S. stock and Bitcoin prices have continued to decline over the past weeks, crypto-native traders appear more inclined to trade stocks on dips. Glassnode notes that the last time the ratio of stock contract trading volume to Bitcoin trading volume peaked was in August this year, when BTC was near a cyclical low, followed by a breakout rally.

The U.S. Bureau of Labor Statistics announced that the October Consumer Price Index (CPI) inflation data to be released this week will not include year-over-year figures. The agency stated that data gaps caused by the October 2025 government shutdown have "hindered reliable annual comparisons."

After a 2-week break, the #EthereumFoundation-linked wallet sold 1,000 $ETH ($2.13M) again an hour ago. $ETH has dropped another 7.7% since its last sale 2 weeks ago.