as monitored by Ember, a certain whale address 0x65b4 spent 12.635 million USDC to purchase 3,397.7 ETH during the market downturn on October 11, at an average price of $3,719. The address made another move today (October 20), investing 10 million USDC to buy 91.5 cbBTC at an average price of $109,207. Within just two weeks, the whale address has invested a total of approximately $22.63 million in ETH and cbBTC.

Jeff Yan, the founder of Hyperliquid, responded to external criticism by stating that the platform does not prioritize protocol revenue, but values the interests of traders. He also defended the automatic deleveraging (ADL) mechanism adopted by the exchange during the market crash on October 10. Yan stated that the ADL operation closed profitable short positions at favorable prices, bringing "billions of dollars in profit" to users. At the same time, the platform's liquidity pool also transfers potential profits to users, rather than maximizing its own revenue. This statement comes at a time when the public is closely watching how decentralized perpetual contract exchanges handle liquidation issues during market volatility. Yan emphasized that if more positions were liquidated at the bottom line, HLP could have made billions of dollars in additional profit, but that would result in irresponsible risk exposure. He also stated that the ADL mechanism is a "win-win" solution, reducing platform risk exposure while also considering user interests.

a federal judge ruled that the antitrust lawsuit filed by X and xAI, owned by Elon Musk, against Apple and OpenAI, will continue in Fort Worth, Texas. Judge Mark Pittman pointed out that the companies involved have little connection to the region and sarcastically suggested that if they wanted to litigate the case in Fort Worth, the companies could relocate their headquarters there. X and xAI filed the lawsuit in August, accusing Apple and OpenAI of attempting to maintain a monopoly in the artificial intelligence market. X is located in Bastrop, Texas, while Apple and OpenAI are headquartered in California. Pittman emphasized that Apple and OpenAI did not request a transfer of the case before the court's deadline, with their only local connections being Apple retail stores and OpenAI's nationwide services. Despite concerns about choice of venue, existing legal standards limit the judge's ability to transfer the case. The lawsuit was filed on August 25, 2025, with a trial set for October 19, 2026, allowing over a year for evidence exchange and pre-trial motions. Apple and OpenAI filed a motion to dismiss the lawsuit on September 30, 2025, stating that the complaint did not specify the claims. Furthermore, the lawsuit has sparked discussions about an audit of Apple's App Store search, which has various implications for AI app developers.

On October 20th, UAE M2 Capital announced a $21 million investment in NASDAQ-listed company AVAX One. AVAX One is a digital asset treasury focused on accumulating Avalanche blockchain native token AVAX, transformed from the original agricultural technology company AgriFORCE. This investment aims to support the development of the Avalanche network and promote the adoption of regulated digital assets in the Middle East region.

the market shows BTC breaking through $109,000, now trading at $109,026, with a 24-hour increase of 1.71%. The market is volatile, please manage risks.

according to Trader T monitoring, the net outflow of $304 million from the US spot Ethereum ETF last week.

the market showed that BTC broke through $110,000, now reported at $110,070.71, with a 24-hour increase of 2.57%. The market is fluctuating significantly, please be prepared for risk control.

Federico Carrone, a core developer of Ethereum, recently issued a warning that the increasing influence of the venture capital firm Paradigm on the Ethereum network could potentially pose a risk to the ecosystem. Carrone stated on social media that while Paradigm has created value for the community, as a profit and influence-driven venture fund, its goals may not align with the philosophy and political ideals of Ethereum.

the market shows SOL breaking through $190, now trading at $190.1, with a 24-hour increase of 1.67%. The market is volatile, please manage risks.

 the UXLINK Korean exchange token exchange progress announcement recently received many inquiries from the Korean community about the progress of token exchange on Upbit, Bithumb, Coinone, GOPAX and other exchanges, and now explains the current situation. The UXLINK team is currently closely cooperating with the four major exchanges in Korea to exchange the UXLINK tokens originally based on the Arbitrum network for UXLINK tokens based on the Ethereum (ETH) mainnet. This token exchange will follow the same principles as other exchanges: Tokens held before the hack event will be exchanged at a 1:1 ratio; Tokens purchased after the hack event will be exchanged according to the compensation plan approved by the community vote. This rule applies to all exchange users and on-chain users. Due to the different user scales of each exchange and the data of frozen assets, we are currently verifying data with most exchanges. Once this process is completed, the exchange will proceed according to the established schedule.