US Bitcoin Spot ETF Inflows Surpass $20 Billion with Strong Daily Volume
US Bitcoin Spot ETFs continue to show robust performance. Daily net inflows hit $273.71M, contributing to a cumulative total of $20.94B. Total assets reached $66.11B, representing 4.89% of Bitcoin's market cap. BlackRock’s IBIT saw $70.41M in net inflow, while Grayscale’s GBTC experienced outflows of -$20.10B.
https://x.com/dagknightdog/status/1848018909909119455
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Saylor Predicts 29% Annual Growth for Bitcoin Over the Next 21 Years
MicroStrategy CEO Michael Saylor expressed strong confidence in Bitcoin, forecasting an annual return rate (ARR) of 29% for the cryptocurrency over the next 21 years. Known for his bullish stance on Bitcoin, Saylor continues to see long-term appreciation potential for the leading digital asset.
US Bitcoin ETFs Surpass $20B in Inflows, Outpacing Gold ETFs by 10x in First Year
US Bitcoin ETFs have attracted over $20 billion in inflows within their first year, significantly outperforming Gold ETFs, which saw about 10 times lower inflows during their first year. This milestone highlights growing interest in Bitcoin as an investment asset, with ETFs providing easier access for institutional and retail investors alike.
US Bitcoin Spot ETFs See $273M Daily Inflow, Total Net Assets at $66B
US Bitcoin Spot ETFs recorded a daily net inflow of $273.71M, contributing to a cumulative total net inflow of $20.94B. The total value traded reached $2.23B, with net assets standing at $66.11B, representing 4.89% of Bitcoin's market cap. Major ETFs like IBIT, GBTC, and FBTC saw notable activity.
BlackRock Explores BUIDL as Derivatives Collateral
BlackRock is reportedly in discussions to use its BUIDL token as collateral for derivatives trading on exchanges like Binance, OKX, and Deribit. This initiative, in partnership with Securitize, aims to increase competition with existing stablecoins. BUIDL is already accepted by some brokers and has a market capitalization of $547.7 million.
SEC Approves Options Trading for Multiple Spot Bitcoin ETFs on NYSE and Cboe
The U.S. Securities and Exchange Commission (SEC) has granted accelerated approval for the listing and trading of options on several spot Bitcoin ETFs, including those from Fidelity, ARK21Shares, Invesco, and Grayscale, on NYSE and Cboe exchanges. This move follows a similar approval for Nasdaq in September, with the SEC aiming to enhance market integrity and investor protection.
Bitcoin ETFs See Significant Inflows as Market Prices Rise
Bitcoin ETFs recorded a daily net inflow of $273.71M, with total net assets reaching $66.11B, accounting for 4.89% of Bitcoin’s market cap. Notable ETFs included IBIT with $70.41M net inflow and a 2.68% price rise, and FBTC with $18.03M inflow, up 2.77%.
UAE Central Bank Approves AED Stablecoin for Dirham-Pegged Token
The Central Bank of the UAE has granted preliminary approval to AED Stablecoin under its Payment Token Service Regulation framework. This positions AED Stablecoin as a frontrunner to issue the first regulated dirham-pegged stablecoin. If fully approved, the AE Coin could be used for local cryptocurrency trading and accepted by merchants for goods and services.
Venmo Users Can Now Buy Bitcoin via MoonPay Integration
Venmo, owned by PayPal, now allows users to purchase Bitcoin through an integration with MoonPay, except in New York and Texas. Venmo users can fund purchases using their balance, bank transfer, or debit card. This move aligns with PayPal's ongoing efforts to expand cryptocurrency access, including features for U.S. merchants and the launch of PayPal's stablecoin, PYUSD.
Orderly Network Launches Omnichain Orderbook on Solana
Orderly Network has deployed its omnichain vault on the Solana blockchain, allowing EVM and non-EVM users to trade perpetuals from a shared orderbook. This marks a significant step in Orderly’s mission to unify DeFi liquidity across chains. With Solana’s high throughput and low latency, the expansion enhances trading capabilities and connects Solana traders to broader markets.
https://orderly.network/blog/orderly-unity-solana-orderbook-trade-perps
US Bitcoin Spot ETFs Record $470M Inflows , Boosting Total to $20.66B
Bitcoin spot ETFs saw strong inflows , with a total net inflow of $470.48 million, bringing the cumulative net inflow to $20.66 billion. Key performers include BlackRock’s IBIT, leading with a $309 million inflow, while Grayscale’s GBTC faces large cumulative outflows. The total assets in these ETFs now represent 4.84% of Bitcoin’s market cap.
US ETH Spot ETFs Show Mixed Inflows and Outflows
US ETH Spot ETFs recorded a daily net inflow of $24.22 million, though cumulative inflows remain negative at -$530.30 million, indicating a long-term outflow trend. Total net assets reached $7.19 billion, with BlackRock's ETHA leading daily inflows at $11.89 million. Grayscale's ETHB saw the largest cumulative outflow at -$3.08 billion.
XION Brings Chain Abstraction to L1 & L2 with Zero-Knowledge IBC Layer
XION is expanding Chain Abstraction across Layer 1 and Layer 2 ecosystems via @union_build, introducing the first zero-knowledge IBC interoperability layer. This integration offers secure access to thousands of chains, utilizing advanced ZK proofs and BLS signatures, and brings shared liquidity, composability, and unification for developers. XION's collaboration with Union enhances Web3's user experience, addressing key adoption barriers through seamless cross-chain interoperability.
https://x.com/burnt_xion/status/1846545784399126930
Tesla Moves $765M Bitcoin to Unknown Wallets!
Tesla transferred its entire $765 million Bitcoin stash (11,500 BTC) across multiple unknown wallets on October 15. The transfers raise questions, as the company hasn't disclosed whether it's planning to sell or simply relocate the funds. Tesla's Bitcoin wallet had been dormant since June 2022, sparking speculation about the reason behind the sudden shift. Stay tuned for more details when Tesla announces its Q3 results on October 23.
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Bitcoin Holds $1 Trillion Market Cap Lead Over Ethereum, Reaches New ATH for Spread
Bitcoin now leads Ethereum by a record $1 trillion in market capitalization, marking an all-time high (ATH) for the gap between the two largest cryptocurrencies. This growing market cap difference underscores Bitcoin's dominant position as the leading digital asset, as its market value continues to expand significantly faster than Ethereum.
US ETH Spot ETFs Record $1.91M Daily Inflow, Net Outflows Total $480M
US ETH Spot ETFs registered a daily net inflow of $1.91M, though cumulative net outflows reached -$479.99M. Total value traded stood at $139.46M, while total net assets were valued at $7.35B, representing 2.31% of Ethereum's market cap. Major ETFs like ETHE, ETHA, and ETH saw notable activity.
1.)Brazil Central Bank to Expedite Regulation of Asset Tokenization and Stablecoins by 2025.
https://www.binance.com/en/square/post/2024-10-19-brazil-central-bank-to-expedite-regulation-of-asset-tokenization-and-stablecoins-by-2025-15060899469722
2.)Binance Leads Global Crypto Exchanges with Over $100 Trillion in Cumulative Trading Volume.
https://www.binance.com/en/square/post/2024-10-19-binance-leads-global-crypto-exchanges-with-over-100-trillion-in-cumulative-trading-volume-15070807327530
3.)Blackrock Transfers 250,000 USDC to Ondo Finance.
https://www.binance.com/en/square/post/2024-10-19-blackrock-transfers-250-000-usdc-to-ondo-finance-15062739427626
Movement Milestone: 450M Transactions and Nearing 10M Addresses
Movement has surpassed 450 million transactions and is approaching 10 million unique addresses. The network continues to expand with the addition of new applications, showcasing significant growth in its ecosystem. More details on these developments are expected soon.
https://x.com/movementlabsxyz/status/1847346197125877880
Ethereum Spot ETFs Show Mixed Performance with Negative Cumulative Inflows
Ethereum Spot ETFs on SoSoValue recorded a daily net inflow of $1.91M, with cumulative net outflows of -$479.99M, indicating more outflows than inflows. Total net assets stood at $7.35B, representing 2.31% of Ethereum's market cap. Major ETFs like ETHE and ETHA showed no daily inflows, but market prices rose by 2.19% and 2.24%, respectively.
World Launches Ethereum Layer-2 Network 'World Chain'
World, formerly Worldcoin, has launched its Layer-2 blockchain, World Chain, designed to prioritize verified users with "World IDs." The network offers free gas and block space for human users and integrates with platforms like Uniswap and Optimism. A new biometric Orb device for identity verification has also been introduced. WLD token prices fell 2.1% after the launch.
CosmicFactions MiniApp Launches First 3D Space Shooter on Telegram
CosmicFactions is introducing a groundbreaking 3D space shooter game on Telegram, offering players an immersive gaming experience directly within the app. The upcoming CosmicEngine will allow users to build and publish their own 3D games without coding. Game jams, tournaments, and a sleek app redesign are also on the horizon, enhancing competition and creativity.
https://x.com/cosmic_factions/status/1846841413259964795
US ETH Spot ETFs Show Mixed Inflows
Ethereum spot ETFs saw a daily net inflow of $48.41 million, but the cumulative net inflow remains negative at -$481.90 million. Grayscale’s ETHE experienced large outflows, while BlackRock's ETHA attracted $23.56 million in daily inflows. Total net assets across ETFs amount to $7.18 billion, representing 2.30% of Ethereum's market cap.
Italy Eyes Massive Bitcoin Tax Hike to 42%
Big changes are coming for Bitcoin holders in Italy! The government is pushing to raise the capital gains tax on Bitcoin from 26% to a whopping 42%, according to Deputy Economy Minister Maurizio Leo. This comes as part of a new budget plan that also scraps the 750 million euro minimum for the Digital Services Tax. If passed, these moves could have a huge impact on crypto investors and digital service providers. The final vote on the budget is expected by the end of the year. Buckle up, Italy’s crypto landscape might be in for a big shake-up!
US BTC Spot ETFs Record Strong Inflows, Reflecting Investor Confidence
US BTC Spot ETFs saw a daily net inflow of $458.54 million, pushing cumulative inflows to $20.19 billion. Total net assets reached $64.46 billion, representing 4.82% of Bitcoin's market cap. BlackRock's IBIT led inflows with $393.40 million, while Grayscale and Fidelity held steady with significant asset volumes.
WaveMaker: Ozean’s New RWA Accelerator Aims to Boost On-Chain Asset Tokenization
Ozean has introduced WaveMaker, an end-to-end solution for tokenizing Real World Assets (RWAs). The platform provides issuers with tools to bring tangible and non-tangible assets on-chain, supported by expert guidance and regulatory compliance. With a focus on liquidity, secondary trading, and cross-chain compatibility, WaveMaker aims to unlock the $16 trillion market potential for RWAs by 2030.
https://x.com/clearpoolfin/status/1846538365547761689
Bitcoin Bull Run May Begin This Month, Based on Halving Cycle Trends
Bitcoin bull cycles tend to start around 170 days after each halving event. With the most recent halving occurring earlier this year, this suggests that the next potential bull run could begin as soon as this month, following the established pattern from previous cycles.