Digital Asset Investment Products Saw $3.17 Billion Net Inflows Last Week

[CryptoQuant: Retail Investors Transferred $1.359 Billion to Binance, Triggering Market Volatility] On October 11, retail addresses transferred $1.359 billion to Binance in a single day. Historical data shows that large-scale inflows of retail funds are often accompanied by sharp market price fluctuations, indicating that retail behavior is more reactive rather than forward-looking. (CryptoQuant)

OKX-ETH/USDT is currently trading at $4099.61, with a 5-minute drop of 0.42%. Please pay attention to market fluctuations.

[Lapco Holdings Plans to Invest HKD 24 Million in Cryptocurrency and Commodities] According to documents from the Hong Kong Stock Exchange, the board of directors of Lapco Holdings (8472) has approved an investment of HKD 24 million over the next year to purchase cryptocurrencies and commodities through regulated and licensed platforms. The investment targets include Bitcoin (BTC), Ethereum (ETH), gold, and silver, with funds sourced from the company’s internal cash reserves. Lapco Holdings stated that execution will be flexible based on market conditions, with no guarantees on the specific timing, quantity, type, or price of transactions. The company also committed to adhering to GEM listing rules for relevant disclosures. This move is aimed at supporting the strategic development of its integrated online gaming services business.

[Swedish Company Fragbite Group Increases Bitcoin Holdings by 10.25 BTC] Swedish publicly listed company Fragbite Group recently purchased an additional 10.25 Bitcoin, bringing its total holdings to 19.75 BTC.

[Bitcoin Whale Increases Short Position Leverage to 20x] According to Onchain Lens data, a Bitcoin OG whale has raised the leverage on their BTC short position from 10x to 20x. The position is valued at $210 million, involving 1,823 BTC, with an entry price of $116,812 and a liquidation price of $120,990. The current profit stands at $3.8 million.