ChainCatcher news, Hong Kong's largest licensed virtual asset exchange HashKey Exchange announced today that its asset scale has exceeded HKD 5.5 billion, with total trading volume surpassing HKD 540 billion, and significant progress has been made in multiple business areas.With the further integration of traditional finance and the crypto industry, HashKey Exchange has attracted a large influx of funds from institutional investors. Among them, Omnibus brokerage services and institutional investor trading have seen significant growth.As of October 30, the total trading volume of Omnibus reached HKD 3.9 billion, with a monthly growth rate of 58.3%. Meanwhile, the proportion of institutional investor trading increased from 4.19% in July to 14.74% in October. In the future, as market activity continues to rise, HashKey Exchange will continue to promote its business expansion.

ChainCatcher news, Singaporean crypto investment firm QCP Capital stated that the price of Bitcoin dropped significantly to a low of $60,500 after the Mt. Gox trustee announced that distributions would begin in early July. Although the Mt. Gox exchange trustee has extended deadlines multiple times over the years, more than 140,000 Bitcoins (worth $9 billion) were transferred earlier this year in preparation for debt repayment. Meanwhile, the firm observed that there was little activity in the July options market, suggesting that the market does not expect this distribution to trigger significant volatility. Given that spot prices are stabilizing above the $60,000 support level and that market activity is expected to be low in July, QCP Capital tends to deploy an accumulation strategy.

ChainCatcher news, Greeks.live researcher Adam posted on social media that the rapid fluctuations in the market have driven the activity in the options market to the highest level in nearly a year, with over 15,000 large trades on that day and a nominal value exceeding 1 billion USD.Among them, the largest order was for 275 sets of iron condor options, with a single nominal value as high as 73.34 million USD. The composition of the options suggests that it is likely a rebalancing by options market makers, which can be seen as a bearish position being closed at a loss. Recently, large traders have been massively closing their options positions, whether to take profits on long positions or to cut losses on short positions, which has suppressed the rise of IV.

ChainCatcher message, on-chain analyst Ali pointed out that Dogecoin's recent trading volume and the number of large transactions have both declined, which often indicates a decrease in trading activity. This trend may suggest that the number of people buying, selling, or transferring DOGE is decreasing, which could be related to a decline in public interest or confidence in the currency.