The mysterious whale address 0x6EF9 has closed its position after taking a long ZEC through a limit order, earning $1.25 million; At the same time, the new wallet address 0x089f deposited 3.54 million USDC into Hyperliquid and set a ZEC limit for long orders at a price of 508.5. （Lookonchain）

[HyperLiquid ZEC Long Position TOP 3 Single-Day Profit of $1.245 Million] Hyperbot data shows that the 'HyperLiquid ZEC Long Position TOP 3' has fully closed 3x leveraged ZEC long positions, with a total single-day profit of $1.245 million. Last night at 19:00 (UTC+8), the whale deposited $6.26 million in margin to HyperLiquid, briefly ranking among the TOP 3 ZEC long positions on HyperLiquid.

[CZ Says Senior Officials from Two Countries Viewed Cryptocurrency as 'Hard Currency' Last Week] CZ posted on the X platform, stating that during his role as a government advisor last week, he heard senior officials from two different countries refer to cryptocurrency as 'hard currency'.

[Coinbase: October Crypto Market Adjustment May Be a Cyclical Bottoming Phase] Coinbase Institutional pointed out in its monthly outlook report that the crypto market liquidation events in October might signify the beginning of a medium- to long-term strong rebound rather than weakness, laying the foundation for potential gains in the fourth quarter. The report suggests that it may take several months for the market to fully stabilize, with a slow upward trend in the short term being more likely than a rapid breakthrough to historical highs. Current leverage levels have improved, but liquidity gaps remain, and capital is concentrating on EVM chains, RWA, and yield protocols, indicating that investors are selectively reinvesting in risk. Despite ongoing macro risks, structural demand has strengthened, and Coinbase believes the current phase represents a bottoming process before the next round of growth, rather than a cyclical peak.

According to Glassnode data, OG Bitcoin Whale will sell a large amount of Bitcoin in 2025, and the specific amount has not been disclosed. （Cointelegraph）