A major Bitcoin holder has initiated a $235 million short position with 10x leverage at $111,190, following reported profits of $200 million from BTC's recent drop to $100,000. The position faces liquidation risk if Bitcoin rises above $112,368. Separately, another large trader known as the "Trump insider" has expanded his short to 2,100 BTC worth approximately $227 million.

Addresses holding 100-1,000 BTC have increased their holdings in recent periods, replicating accumulation patterns seen before the 2017 and 2021 bull markets, according to Alphractal. Liquidation data shows the highest concentration of open liquidations has shifted to short positions, while Bitcoin traded near $108,292 with technical indicators signaling oversold conditions. The trend reflects long-term conviction among mid-tier holders contrasted with short-term uncertainty driven by derivatives positioning.

Evernorth announced a SPAC merger exceeding $1 billion in October, positioning the entity as the largest publicly traded XRP treasury globally. The firm is targeting a Nasdaq debut under ticker XRPN in early 2026. Ripple's $1 billion acquisition of GTreasury aims to integrate Fortune 500 treasury infrastructure with the XRP Ledger for corporate cross-border settlements.

Jupiter, a Solana-based decentralized exchange and aggregator, launched native prediction markets in open beta powered by Kalshi data on October 22, 2025. The platform debuted with a trading pair for the F1 Mexico Grand Prix winner, featuring drivers including Max Verstappen, Lando Norris, Oscar Piastri, and George Russell. The integration marks Jupiter's expansion beyond core DEX services into on-chain prediction trading.

The Hong Kong Stock Exchange has declined applications from at least five companies seeking to transition into Digital Asset Treasury entities, Bloomberg reported. The exchange cited regulations prohibiting excessive liquid asset holdings and requiring applicants to operate viable businesses with cryptocurrency integrated as a core operational component. Under HKEX rules, companies must demonstrate that digital asset acquisition forms an integral part of operations rather than passive investment.

Senator Cynthia Lummis called on the Consumer Financial Protection Bureau to expedite its open banking regulation, warning that major banks have restricted account access for political reasons, including blocking digital asset firms. The rule, finalized on October 22, 2024, allows consumers to share financial data with third-party applications through APIs. Industry groups and crypto advocates have urged the CFPB to ensure Americans retain ownership of their financial data.