The crypto market continues to experience turbulence in the aftermath of October’s $19 billion crash.
A Bitcoin whale known as BitcoinOG(1011), who accurately predicted the October 10-11 market crash, has deposited another 100 BTC to Kraken and currently maintains $140 million in short positions on Hyperliquid, having moved 5,352 BTC worth $600 million to exchanges since October 11.
This #BitcoinOG(1011short) deposited 100 $BTC($10.81M) to #Kraken again an hour ago!
— Lookonchain (@lookonchain) October 22, 2025
And he also reduced his $BTC short position on #Hyperliquid to 1,300 $BTC($140.8M).https://t.co/TCZgvl10PG pic.twitter.com/GjLIw9p2kb
The whale’s bearish positioning coincides with another trader dubbed “Trump Insider Whale” who profited from the crash with suspiciously timed $1 billion shorts before the event that caused $19 billion in liquidations.
Read more details here.
Kraken reported record quarterly revenue of $648 million in Q3 2025, representing a 47% increase from the previous quarter, with adjusted EBITDA surging 124% to $178.6 million as platform volume reached $561.9 billion and funded accounts grew to 5.2 million.
The Wyoming-based exchange’s strong performance was driven by broad-based growth across products, strategic acquisitions including the $100 million purchase of Small Exchange, and the June launch of tokenized stock trading through its xStocks platform in partnership with Backed.
Read more details here.
Jim Cramer’s recent “push for crypto” post coincided with a brief Bitcoin dip from $108,239 to $106,700, sparking chatter among traders. Despite the temporary drop, Bitcoin has stabilized around $107,790, while experts like Peter Brandt suggest it could still reach $250,000 or slide toward $60,000.
Crypo due for a push today. We are in 2000 territory on specs. It is where the cockroaches are. But at the same time Jamie Dimon said the cockroaches are ending he announces a $1.5 trillion fund that unwittingly stoked a huge spec wave.. We MUST focus on this before people really…
— Jim Cramer (@jimcramer) October 22, 2025
Senate Democrats are questioning President Trump’s growing involvement in cryptocurrency, citing possible conflicts of interest tied to his envoy Steve Witkoff and Trump-linked firm World Liberty Financial.
Reports claim Trump’s crypto ventures have generated over $1 billion, raising concerns about blurred lines between policy and profit.
FalconX is reportedly set to acquire 21Shares, one of the world’s largest crypto ETP issuers, in a move that could reshape digital asset investing.
The deal, reportedly a mix of cash and equity, aims to combine FalconX’s trading and derivatives infrastructure with 21Shares’ ETF expertise.
Together, the firms plan to launch new derivatives-based crypto funds, marking a major step in the convergence of institutional trading and asset management.
There’s now 155 crypto ETP filings tracking 35 different digital assets. Could easily end up seeing over 200 hit mkt in next 12mo. Total land rush. Here’s the list by coin, amazing work from @JSeyff pic.twitter.com/dKyiySxn0H
— Eric Balchunas (@EricBalchunas) October 21, 2025