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Quick Take Summary is AI generated, newsroom reviewed. BitMine purchased 104,336 ETH worth $417 million during a 20% price dip. Rising Ethereum whale activity signals renewed institutional accumulation. On-chain data confirms large holders are steadily increasing their positions. The move highlights confidence in Ethereum’s long-term strength despite short-term volatility.References 🔥 TODAY: BitMine bought 104,336 $ETH worth $417M as prices fell 20% from August highs, per onchain data.
With the transfer of 127,271 BTC, the United States has become the world's largest sovereign holder of bitcoin.
Which new-generation projects are attempting to break away from the old path of "speculative games"?
On October 14, the U.S. Department of Justice announced criminal charges against Chen Zhi, founder of Cambodia's Prince Group, and successfully seized 127,271 BTC under his control, with a market value of approximately $15 billion. This event marks not only the largest judicial seizure of virtual assets in history, but also a public demonstration of state power directly exercising control over on-chain assets.
- 04:41A smart money address sold 61,845 SOL for $11.52 million at a price of $186 three hours ago.According to Jinse Finance, monitored by Lookonchain, smart money address 9gcGLQ sold 61,845 SOL at a price of $186 three hours ago, with a total value of approximately $11.52 million. Previously, this address had made a profit of $3.4 million through $ai16z and $3 million through $arc.
- 04:40The probability of a "25 basis point Fed rate cut in October" is about 94% on Polymarket.According to Jinse Finance, official data from Polymarket shows that the market estimates the probability of the Federal Reserve cutting interest rates by 25 basis points in October at about 94%, while the probability of a rate cut exceeding 50 basis points is about 4%.
- 04:27Trump Re-Files Defamation Lawsuit Against The New York TimesJinse Finance reported that U.S. President Trump once again filed a defamation lawsuit against The New York Times and several journalists on Thursday local time, accusing the media outlet of attempting to undermine his 2024 campaign and damage his business reputation. Previously, a federal judge dismissed his initial lawsuit on the grounds that the complaint was lengthy and rambling. The revised complaint, submitted on Thursday evening, was reduced to 40 pages, less than half the length of the original. Michael S. Schmidt, a New York Times reporter who was listed as a defendant in the original complaint, has been removed from the defendant list. Also deleted were a large number of lengthy praises for Trump, such as describing his 2024 election victory as "the greatest personal and political achievement in American history." Consistent with the initial complaint, the revised complaint still seeks $15 billion in damages.