Bitcoin News Today: Crypto Whales Split on BTC Bets as ElphaPex Dominates Mining Sector

Generated by AI AgentCoin WorldReviewed byAInvest News Editorial Team
Thursday, Oct 30, 2025 5:36 am ET1min read
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- ElphaPex secures top-three ranking at Blockchain Life 2025, reflecting rising demand for high-performance crypto mining hardware amid global decentralized infrastructure adoption.

- U.S.-China trade tensions ease temporarily after Trump-Xi summit, while China rolls back export curbs to support manufacturing amid self-sufficiency goals.

- TMX Group reports 26% YoY net income growth ($428.9M) driven by operational gains despite integration costs from recent acquisitions.

- Crypto whales show divergent BTC/ETH strategies: Abraxas Capital increases short positions while a "100% win rate" whale accumulates $2.77B in long positions.

- Macroeconomic shifts and regulatory frameworks will shape blockchain industry growth as manufacturers like ElphaPex scale production amid volatile market conditions.

ElphaPex has emerged as a leading player in the blockchain mining industry, securing a top-three position at Blockchain Life 2025, a prominent event showcasing advancements in decentralized technologies. The company's dominance reflects growing demand for high-performance mining hardware amid a global shift toward cryptocurrency adoption and decentralized infrastructure.

The mining sector's expansion is further underscored by geopolitical and economic developments influencing global trade dynamics. China recently announced a rollback of some export curbs, easing pressure on its manufacturing sector while maintaining a focus on self-sufficiency in key industries, according to

MarketScreener
. Meanwhile, U.S.-China trade tensions have seen a temporary easing following a high-stakes meeting between President Donald Trump and Chinese President Xi Jinping in South Korea. The leaders agreed to a framework aimed at stabilizing bilateral trade, though deeper rivalries over manufacturing and technology dominance persist, according to a
U.S. News report
.

In the financial markets, TMX Group Limited reported a 26% year-over-year increase in adjusted net income attributable to equity holders, rising to $428.9 million in the third quarter of 2025, according to a

Yahoo Finance report
. The firm attributed the growth to higher income from operations, despite increased integration costs from recent acquisitions, including Newsfile, iNDEX Research, and VettaFi.

Meanwhile, the cryptocurrency market experienced heightened volatility, with notable activity from large investors, or "whales," on platforms like Hyperliquid. These whales exhibited divergent strategies, with some increasing short positions in

Bitcoin
(BTC) and
Ethereum
(ETH) while others added to long positions amid uncertainty over Federal Reserve rate cuts, according to a
Weex article
. For instance, that report noted a whale linked to "Abraxas Capital" boosted its short positions in
BTC
, SOL, and
ETH
, while another with a "100% win rate" opened long positions in BTC and ETH, accumulating over $2.77 billion in nominal value.

The interplay between macroeconomic factors and technological innovation continues to shape the blockchain ecosystem. As ElphaPex and other manufacturers scale production, global supply chains and regulatory environments will play a critical role in determining the industry's trajectory.