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[Coinbase Increased Holdings by 2,772 BTC and 11,933 ETH in Q3] On October 31, Base co-founder Jesse Pollak stated on social media that Coinbase increased its holdings by 2,772 BTC and 11,933 ETH in the third quarter and plans to continue increasing its holdings.
**[Revolut Launches 1:1 USD to Stablecoin Exchange Service Supported by Six Blockchains]** UK fintech company Revolut has introduced a 1:1 USD-to-stablecoin (USDC and USDT) exchange feature, supporting six blockchains including Ethereum, Solana, and Tron. Users can exchange up to $578,000 every 30 days without incurring fees or spreads. This move aims to streamline the conversion process between fiat and cryptocurrencies, reducing operational complexity. Additionally, Revolut recently obtained regulatory approval for crypto asset market operations (MiCA) from the Cyprus Securities and Exchange Commission, enabling it to offer regulated crypto services across 30 countries in the European Economic Area. Revolut currently supports trading of over 200 crypto tokens and provides crypto payment options. Industry experts believe this feature will significantly improve financial management for SMEs in economically challenged countries, such as Turkish businesses, by reducing currency exchange losses and cross-border transfer fees.
[Zhao Changpeng Criticizes a KOL for Posting Photoshopped Fake Images to Create FUD] Zhao Changpeng criticized a KOL with 140,000 followers for publicly posting photoshopped fake images, questioning whether their motive might be to attract clicks, create FUD, or attempt to buy at a lower price. Zhao Changpeng stated that such behavior shows these individuals or liars do not care about their reputation and may ultimately end up in poverty. He emphasized that blockchain is a permanent public record.
[CZ Accuses 140K-Follower KOL of Forging and Publicly Sharing Images] CZ posted on the X platform, stating that a KOL with 140,000 followers used Photoshop to forge images and publicly share them. CZ remarked that these individuals do not care about their reputation, while blockchain has the characteristic of permanent public records.
[Suspected HYPE Listing Insider Whale Becomes Hyperliquid XPL's Largest Long Position Holder] According to HyperInsight monitoring, a suspected insider whale address related to the HYPE listing (0x082) has continuously increased its position in XPL contracts with 5x leverage over the past 4 hours. The average holding price has dropped to $0.33, with a total position size of $8.22 million, currently showing an unrealized loss of $1.14 million, representing a loss rate of 70%. Over the past 4 days, this address has consistently increased its XPL long positions against the market trend, now ranking as the top holder of XPL contracts on the Hyperliquid platform. Additionally, the address's major long positions include $47.14 million in HYPE, $8.22 million in XPL, and $0.5 million in PURR. This address previously opened a $40 million HYPE long position (5x leverage) 5 hours before Robinhood launched HYPE spot trading on October 23, sparking community concerns about insider information. Meanwhile, the largest short position holder for XPL contracts on the Hyperliquid platform is 'Abraxas Capital,' with an average holding price of $0.88, currently showing an unrealized profit of $14.1 million, with a return rate exceeding 1000%.
[Semantic Layer completes $2 million Series A funding round, led by Greenfield Capital] On October 31, MEV infrastructure Semantic Layer announced the completion of a $2 million Series A funding round, led by Greenfield Capital, bringing the total funding amount to $5 million. The new funds will be used to advance the autonomy of on-chain artificial intelligence and enable autonomous prioritization for agents, decentralized applications, and assets. Previously, on October 9, 2024, Semantic Layer completed a $3 million seed funding round, led by Figment Capital, with participation from Hack VC, Robot Ventures, and Bankless Ventures.