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Quick Take Reactions to Changpeng Zhao’s punishment abounded on Tuesday as the former Binance CEO is set to serve four months in prison after pleading guilty to money laundering charges. With a net worth estimated over $40 billion, Zhao will become the richest person to ever serve time in a federal prison.
Bitcoin and ether lost around 3% and 5% over 24-hours, respectively, erasing Monday’s gains, after the first day of spot ETF trading in Hong Kong left much to be desired
Early bitcoin investor Roger Ver has been charged with alleged mail fraud, tax evasion and filing false tax returns. Ver supposedly concealed bitcoin ownership from the U.S. Internal Revenue Service and caused the purported loss of $48 million.
A significant decrease in the implied volatility of at-the-money options for ether and bitcoin suggests reduced confidence in the potential for higher prices, according to an analyst.
- 10:21Metaplanet: Bitcoin Purchases Generate 116% Single Monthly Reporting for ShareholdersOn October 25th, Metaplanet, a publicly traded Japanese company, announced that bitcoin purchases generated a 116% one-month report for shareholders. The company attributed this significant growth to a significant increase in its bitcoin holdings, which more than doubled compared to the previous quarter. In October alone, Metaplanet acquired more than 450 BTC, bringing its total holdings to 855.5 BTC, valued at more than $56.1 million. (CryptoSlate)
- 10:20A Trader Made $140,000 in 20 Minutes by Monitoring CEX's Announcement About Going Live with MOODENG Perpetual ContractsOn October 25, a savvy trader made $140,000 in less than 20 minutes by monitoring CEX's announcement about going live, according to Lookonchain monitoring. In the same second that CEX announced the go-live of the MOODENG perpetual contract, he spent 1,300 SOL to purchase 2.77 million MOODENG and quickly sold it for 2,109 SOL, making 809 SOL ($140,000). Using the same strategy, he also made 99 SOL ($17,000) yesterday when CEX announced the $GOAT perpetual contract.
- 10:17The 31.89 million TATE that a trader purchased for $2,594 19 hours ago is now worth more than $434,000On October 25th, a newly created wallet turned $2,594 into $434,000, according to Onchain Lens monitoring.19 hours ago, a trader purchased 31.89 million TATE for 14.97 SOL ($2,594).These tokens are now worth over $434,000 USD. Prior to that, the trader purchased 47.88 million TATE on Pump.fun for 5 SOL , sold it on Raydium at a break-even price, and then purchased the current TATE position again, and the trader is still holding these tokens.
