BTC fell for the third consecutive week, with the US spot Bitcoin ETF experiencing a net outflow of $636 million in a single day.

[Osmosis Community Proposes Burning 100 Million OSMO] On October 27th, Osmosis community member JohnnyWyles proposed sending 100 million OSMO tokens from the community pool to an empty address for burning. The nominal value of these tokens is approximately $5.8 million. Currently, the community pool holds approximately 119.3 million OSMO. If the proposal passes, the total OSMO supply will decrease from approximately 794 million to approximately 694 million, and the community pool will retain approximately 19.3 million OSMO and other assets.

For the first time since March, whales on Hyperliquid have turned to a net short position in Bitcoin. This group established long positions at the bottom, but the holdings reversed last week. The market is now watching to see if this group is positioning for a deeper pullback or facing a short squeeze during a price rally. (glassnode)

Bitcoin mining company Luxor has raised $16 million in funding to expand its AI computing business.

[Key Takeaway: Binance ETH futures saw a limit order totaling $16.55 million executed by major players.] A massive limit action emerges, signaling potential market sentiment shifts ahead...

Bank of New York Mellon (BNY Mellon) supports XRP and RLUSD on its digital asset custody platform, allowing institutional clients to safeguard, hold, and transfer related assets. BNY Mellon plans to expand its support for XRP Ledger and partner with Ripple to enable clients to mint and redeem RLUSD through BNY Mellon. The two companies are also exploring supply chain finance solutions based on XRP Ledger with C2FO, tokenizing trade finance assets. (Source: Ripple)