💰 84 Million XRP Inflow to Exchanges
Wallets linked to 24 crypto exchanges added 83.94 million XRP between Oct. 13 and Oct. 15. This brings the total tracked exchange holdings to 22.06 billion XRP, a 0.38% increase in just three days.
Binance saw the largest increase, accounting for 54.61 million XRP of the weekly net growth. Other major inflows were recorded at Upbit, Kraken, and Coinbase, while Bybit and Bitfinex saw minor outflows.
The surge in exchange balances occurred as the XRP price hovered around $1.32. Large transfers to exchanges are often viewed as a signal of potential selling pressure, as holders move assets out of private storage to trading platforms.
#XRP #Ripple #Binance #CryptoNews
Wallets linked to 24 crypto exchanges added 83.94 million XRP between Oct. 13 and Oct. 15. This brings the total tracked exchange holdings to 22.06 billion XRP, a 0.38% increase in just three days.
Binance saw the largest increase, accounting for 54.61 million XRP of the weekly net growth. Other major inflows were recorded at Upbit, Kraken, and Coinbase, while Bybit and Bitfinex saw minor outflows.
The surge in exchange balances occurred as the XRP price hovered around $1.32. Large transfers to exchanges are often viewed as a signal of potential selling pressure, as holders move assets out of private storage to trading platforms.
#XRP #Ripple #Binance #CryptoNews
🇪🇺 ECB President Lagarde confirms Digital Euro is imminent
European Central Bank President Christine Lagarde stated at the IMF Annual Meetings that the ECB is preparing a digital euro to complement physical cash for daily retail payments.
Lagarde emphasized that the digital euro will stimulate innovation and competition while ensuring Europe’s strategic autonomy in the payments sector. It is designed to coexist with private payment solutions as a public alternative.
This move follows the recent launch of Pontes, a system that enables financial institutions to settle wholesale tokenized asset transactions using central bank money. This provides a direct alternative to private settlement assets like stablecoins.
#DigitalEuro #ECB #CBDC #CryptoNews
European Central Bank President Christine Lagarde stated at the IMF Annual Meetings that the ECB is preparing a digital euro to complement physical cash for daily retail payments.
Lagarde emphasized that the digital euro will stimulate innovation and competition while ensuring Europe’s strategic autonomy in the payments sector. It is designed to coexist with private payment solutions as a public alternative.
This move follows the recent launch of Pontes, a system that enables financial institutions to settle wholesale tokenized asset transactions using central bank money. This provides a direct alternative to private settlement assets like stablecoins.
#DigitalEuro #ECB #CBDC #CryptoNews
🚨 Trump Administration Withdraws Controversial Unhosted Wallet Rule
The US Treasury has formally withdrawn a 2020 proposal that would have required crypto exchanges to collect extensive personal data on users interacting with private, self-custody wallets.
Originally introduced in the final weeks of the first Trump administration, the rule sought to mandate reporting for transactions exceeding $10,000 and strict recordkeeping, including names and physical addresses, for transfers over $3,000.
The proposal faced massive industry backlash. Critics argued it undermined the core privacy of blockchain technology and created impossible compliance hurdles by requiring exchanges to verify identities of people who were not their customers.
#CryptoNews #Privacy #Treasury #Regulation
The US Treasury has formally withdrawn a 2020 proposal that would have required crypto exchanges to collect extensive personal data on users interacting with private, self-custody wallets.
Originally introduced in the final weeks of the first Trump administration, the rule sought to mandate reporting for transactions exceeding $10,000 and strict recordkeeping, including names and physical addresses, for transfers over $3,000.
The proposal faced massive industry backlash. Critics argued it undermined the core privacy of blockchain technology and created impossible compliance hurdles by requiring exchanges to verify identities of people who were not their customers.
#CryptoNews #Privacy #Treasury #Regulation
🚨 Bitcoin and Ether ETFs See $549M Outflows as October ETH Withdrawals Near $1B
US spot Bitcoin and Ether ETFs recorded $549 million in net outflows last week. This marks the second consecutive week of losses for Bitcoin funds and the third for Ether products as institutional interest cools.
Ether ETFs led the decline with $320 million in weekly withdrawals, bringing total October outflows to $955 million. This is the highest monthly outflow recorded for ETH funds in 2026, showing significant selling pressure.
Bitcoin ETFs saw $229 million leave the market over the same period. Despite the recent slump, both assets remain net positive for the year, with BTC attracting $259 million and ETH drawing $610 million in year-to-date inflows.
#Bitcoin #Ethereum #ETF #CryptoNews
US spot Bitcoin and Ether ETFs recorded $549 million in net outflows last week. This marks the second consecutive week of losses for Bitcoin funds and the third for Ether products as institutional interest cools.
Ether ETFs led the decline with $320 million in weekly withdrawals, bringing total October outflows to $955 million. This is the highest monthly outflow recorded for ETH funds in 2026, showing significant selling pressure.
Bitcoin ETFs saw $229 million leave the market over the same period. Despite the recent slump, both assets remain net positive for the year, with BTC attracting $259 million and ETH drawing $610 million in year-to-date inflows.
#Bitcoin #Ethereum #ETF #CryptoNews
💰 Crypto PAC Fairshake Pours Millions Into 2026 Midterm Races
Protect Progress, an affiliate of the Fairshake super PAC, reported spending $362,000 on media supporting Democrat Aisha Wahab in California’s 14th district. This comes despite Wahab already winning a special election for the seat in August with 53% of the vote.
The crypto-aligned group is also pouring massive capital into Senate races. Defend American Jobs spent $6.7 million to oppose Dan Osborn in Nebraska and $8 million in Ohio to support Jon Husted. Total spending in the Ohio race against Sherrod Brown has now surpassed $46 million.
Backed by Coinbase, Ripple, and Andreessen Horowitz, Fairshake entered the 2026 cycle with $193 million in cash. The PAC targets candidates who "strongly support crypto" to ensure the next Congress favors digital asset industry policies.
#CryptoNews #Fairshake #Regulation #Politics
Protect Progress, an affiliate of the Fairshake super PAC, reported spending $362,000 on media supporting Democrat Aisha Wahab in California’s 14th district. This comes despite Wahab already winning a special election for the seat in August with 53% of the vote.
The crypto-aligned group is also pouring massive capital into Senate races. Defend American Jobs spent $6.7 million to oppose Dan Osborn in Nebraska and $8 million in Ohio to support Jon Husted. Total spending in the Ohio race against Sherrod Brown has now surpassed $46 million.
Backed by Coinbase, Ripple, and Andreessen Horowitz, Fairshake entered the 2026 cycle with $193 million in cash. The PAC targets candidates who "strongly support crypto" to ensure the next Congress favors digital asset industry policies.
#CryptoNews #Fairshake #Regulation #Politics
💰 BlackRock Drives Bitcoin ETF Inflows to One-Month High
U.S. spot Bitcoin ETFs recorded a massive $526.6 million net inflow on Monday, marking the largest single-day gain in nearly a month. The surge was powered entirely by BlackRock’s IBIT, which saw a staggering $665.2 million enter the fund, its highest daily volume since early October.
While BlackRock dominated, other major players faced selling pressure. Fidelity’s FBTC reported $83.6 million in outflows, and Grayscale’s GBTC lost $54.9 million. This concentration shows that institutional demand is currently heavily focused on a single provider.
In contrast, Ethereum ETFs struggled for a fourth consecutive day, losing $103.3 million. Surprisingly, BlackRock’s ETHA led the Ether exits with $95.4 million in withdrawals during the same session.
#Bitcoin #ETF #BlackRock #CryptoNews
U.S. spot Bitcoin ETFs recorded a massive $526.6 million net inflow on Monday, marking the largest single-day gain in nearly a month. The surge was powered entirely by BlackRock’s IBIT, which saw a staggering $665.2 million enter the fund, its highest daily volume since early October.
While BlackRock dominated, other major players faced selling pressure. Fidelity’s FBTC reported $83.6 million in outflows, and Grayscale’s GBTC lost $54.9 million. This concentration shows that institutional demand is currently heavily focused on a single provider.
In contrast, Ethereum ETFs struggled for a fourth consecutive day, losing $103.3 million. Surprisingly, BlackRock’s ETHA led the Ether exits with $95.4 million in withdrawals during the same session.
#Bitcoin #ETF #BlackRock #CryptoNews
🔴 Ether ETF Outflows Surpass $1 Billion in October
US spot Ether ETFs have recorded $1.08 billion in net outflows so far in October, marking the largest monthly withdrawal of 2026. This massive drain has completely erased the $832 million in net inflows seen during September.
The year-to-date net inflows for ETH ETFs now stand at approximately $485 million. Data from SoSoValue shows that despite a small $26 million inflow on Tuesday, the overall trend remains heavily negative with eight trading sessions still remaining in the month.
The heavy selling in ETFs aligns with a 9.7% price drop for Ether this month, falling from $2,700 to around $2,438. Throughout 2026, ETH has declined nearly 18% in value.
#Ethereum #ETF #CryptoNews #ETH
US spot Ether ETFs have recorded $1.08 billion in net outflows so far in October, marking the largest monthly withdrawal of 2026. This massive drain has completely erased the $832 million in net inflows seen during September.
The year-to-date net inflows for ETH ETFs now stand at approximately $485 million. Data from SoSoValue shows that despite a small $26 million inflow on Tuesday, the overall trend remains heavily negative with eight trading sessions still remaining in the month.
The heavy selling in ETFs aligns with a 9.7% price drop for Ether this month, falling from $2,700 to around $2,438. Throughout 2026, ETH has declined nearly 18% in value.
#Ethereum #ETF #CryptoNews #ETH
💰 Bitcoin ETFs Hit $1B Inflow in 3 Days
US spot Bitcoin ETFs recorded $528 million in net inflows on Wednesday, bringing the total haul over the last three trading sessions to $1.08 billion. This surge has successfully pushed October's total flows back into positive territory at $461 million.
BlackRock’s IBIT led the day with $235 million, while Fidelity’s FBTC followed closely with $213 million. This massive buying streak follows two weeks of heavy liquidations where the funds lost nearly $900 million combined.
The institutional demand coincided with Bitcoin hitting an intraday high of $84,777 before settling around $82,485. Other assets also saw relief, with Ethereum ETFs snapping a 5-day losing streak to bring in $15 million.
#Bitcoin #ETF #CryptoNews #BlackRock
US spot Bitcoin ETFs recorded $528 million in net inflows on Wednesday, bringing the total haul over the last three trading sessions to $1.08 billion. This surge has successfully pushed October's total flows back into positive territory at $461 million.
BlackRock’s IBIT led the day with $235 million, while Fidelity’s FBTC followed closely with $213 million. This massive buying streak follows two weeks of heavy liquidations where the funds lost nearly $900 million combined.
The institutional demand coincided with Bitcoin hitting an intraday high of $84,777 before settling around $82,485. Other assets also saw relief, with Ethereum ETFs snapping a 5-day losing streak to bring in $15 million.
#Bitcoin #ETF #CryptoNews #BlackRock
🔴 Bitcoin ETFs see $635M outflow as October turns red
US spot Bitcoin ETFs recorded a massive $635 million in net outflows on Thursday. This sharp exit ended a three-day winning streak that had previously brought in over $1 billion in new capital.
This is the largest single-day withdrawal since June 25. The move has pushed the total net flows for October into the red, with a current monthly deficit of $175 million. Despite this, the weekly total remains positive at $443 million.
Bitcoin price reacted by sliding to around $81,783, down 1% in 24 hours. Other assets also struggled; Ether ETFs saw $111 million leave, while Solana and Hyperliquid (HYPE) ETFs lost $9 million and $8 million respectively. XRP bucked the trend, gaining $3.6 million.
#Bitcoin #ETF #CryptoNews #BTC
US spot Bitcoin ETFs recorded a massive $635 million in net outflows on Thursday. This sharp exit ended a three-day winning streak that had previously brought in over $1 billion in new capital.
This is the largest single-day withdrawal since June 25. The move has pushed the total net flows for October into the red, with a current monthly deficit of $175 million. Despite this, the weekly total remains positive at $443 million.
Bitcoin price reacted by sliding to around $81,783, down 1% in 24 hours. Other assets also struggled; Ether ETFs saw $111 million leave, while Solana and Hyperliquid (HYPE) ETFs lost $9 million and $8 million respectively. XRP bucked the trend, gaining $3.6 million.
#Bitcoin #ETF #CryptoNews #BTC
🚨 US Senator Probes Tether Over $6 Million Payments to Former White House Adviser
Senator Richard Blumenthal has demanded records from Tether regarding over $6 million in payments made to Nxum, a consulting firm co-founded by Bo Hines. Hines served as a White House crypto adviser and helped draft the GENIUS Act, which regulates stablecoins, before becoming CEO of Tether’s US business.
The inquiry alleges that Tether paid Nxum $415,000 per month while Hines was still in government. The payments were reportedly routed through a marketing firm called Notorious before Tether contracted directly with Nxum once Hines left public service.
#Tether #USDT #Regulation #CryptoNews
Senator Richard Blumenthal has demanded records from Tether regarding over $6 million in payments made to Nxum, a consulting firm co-founded by Bo Hines. Hines served as a White House crypto adviser and helped draft the GENIUS Act, which regulates stablecoins, before becoming CEO of Tether’s US business.
The inquiry alleges that Tether paid Nxum $415,000 per month while Hines was still in government. The payments were reportedly routed through a marketing firm called Notorious before Tether contracted directly with Nxum once Hines left public service.
#Tether #USDT #Regulation #CryptoNews
💰 Circle Launches Circle Match for Institutional USDC Auctions
Circle has introduced Circle Match, a new service allowing institutional customers to mint and redeem USDC through hourly auctions. This system directly pairs those cashing out of the stablecoin with those looking to mint new tokens.
In this setup, institutions redeeming USDC for dollars pay a fee, which is then passed as a rebate to the institutions minting the tokens. Circle stated it will retain no separate spread on these matched volumes, passing the full fee amount to the minters.
Participants set their own limits: redeemers define a maximum fee they will accept, while minters set a minimum rebate. All matched orders in an auction clear at a single uniform fee. The service is available to eligible Circle Mint customers, aiming to provide more efficient settlement than standard routes.
#Circle #USDC #Stablecoin #CryptoNews
Circle has introduced Circle Match, a new service allowing institutional customers to mint and redeem USDC through hourly auctions. This system directly pairs those cashing out of the stablecoin with those looking to mint new tokens.
In this setup, institutions redeeming USDC for dollars pay a fee, which is then passed as a rebate to the institutions minting the tokens. Circle stated it will retain no separate spread on these matched volumes, passing the full fee amount to the minters.
Participants set their own limits: redeemers define a maximum fee they will accept, while minters set a minimum rebate. All matched orders in an auction clear at a single uniform fee. The service is available to eligible Circle Mint customers, aiming to provide more efficient settlement than standard routes.
#Circle #USDC #Stablecoin #CryptoNews
🚨 Kraken Parent to Acquire European Bank
Payward, the company behind Kraken, has reached an agreement to acquire Saldo Finance Oy, the owner of Lithuania-based Saldo Bank. The deal is projected to close in 2027, pending regulatory approval from authorities.
This move allows Kraken to integrate traditional banking services like deposit accounts, lending, and payment processing directly into its ecosystem. Users could eventually manage Bitcoin holdings alongside protected fiat savings in a single interface.
The acquisition includes Saldo Bank’s existing loan book, which held €129.5 million in gross credit as of June 2026. However, financial reports show the bank faced a €545,000 net loss recently as overdue loans more than doubled during 2025.
#Kraken #Banking #CryptoNews #Regulation
Payward, the company behind Kraken, has reached an agreement to acquire Saldo Finance Oy, the owner of Lithuania-based Saldo Bank. The deal is projected to close in 2027, pending regulatory approval from authorities.
This move allows Kraken to integrate traditional banking services like deposit accounts, lending, and payment processing directly into its ecosystem. Users could eventually manage Bitcoin holdings alongside protected fiat savings in a single interface.
The acquisition includes Saldo Bank’s existing loan book, which held €129.5 million in gross credit as of June 2026. However, financial reports show the bank faced a €545,000 net loss recently as overdue loans more than doubled during 2025.
#Kraken #Banking #CryptoNews #Regulation
💰 Bitcoin ETFs Snap 2-Week Outflow Streak with $301M Inflow
US spot Bitcoin ETFs ended last week with $301 million in net inflows, successfully breaking a two-week streak of heavy withdrawals. The recovery follows significant losses of $228 million and $680 million in the preceding two weeks.
The week saw a massive $1.08 billion inflow between Monday and Wednesday as BTC surged to a weekly high of $84,777. However, momentum cooled by Thursday and Friday, with investors pulling out $774 million as the price retreated toward the $80,000 mark.
Research from DWF Labs indicates that ETF investors are not typically "dip buyers." Data shows net outflows occurred during seven out of eight Bitcoin sell-offs of at least 15% since the ETFs launched in January 2024.
#Bitcoin #ETF #CryptoNews #BTC
US spot Bitcoin ETFs ended last week with $301 million in net inflows, successfully breaking a two-week streak of heavy withdrawals. The recovery follows significant losses of $228 million and $680 million in the preceding two weeks.
The week saw a massive $1.08 billion inflow between Monday and Wednesday as BTC surged to a weekly high of $84,777. However, momentum cooled by Thursday and Friday, with investors pulling out $774 million as the price retreated toward the $80,000 mark.
Research from DWF Labs indicates that ETF investors are not typically "dip buyers." Data shows net outflows occurred during seven out of eight Bitcoin sell-offs of at least 15% since the ETFs launched in January 2024.
#Bitcoin #ETF #CryptoNews #BTC
💰 US Bitcoin ETFs Return to Inflows After $774M Exit
US-listed spot Bitcoin ETFs recorded $110 million in net inflows on Monday, bouncing back after $774 million was withdrawn over the previous two trading sessions. Despite this recovery, the month of October remains in the red with approximately $202 million in total net outflows.
The rebound occurred as Bitcoin traded near $79,595, marking a 2.6% decline over the past seven days. Market sentiment has shifted slightly downward, with the Crypto Fear & Greed Index falling to 48, keeping the market in Neutral territory.
Data from CryptoQuant shows a divergence between retail and institutional behavior. Retail deposits to Binance nearly doubled to $10.8 billion over 30 days, while whale deposits fell to $3.8 billion. This suggests smaller investors are using price rebounds to exit positions while large holders reduce activity.
#Bitcoin #ETF #BTC #CryptoNews
US-listed spot Bitcoin ETFs recorded $110 million in net inflows on Monday, bouncing back after $774 million was withdrawn over the previous two trading sessions. Despite this recovery, the month of October remains in the red with approximately $202 million in total net outflows.
The rebound occurred as Bitcoin traded near $79,595, marking a 2.6% decline over the past seven days. Market sentiment has shifted slightly downward, with the Crypto Fear & Greed Index falling to 48, keeping the market in Neutral territory.
Data from CryptoQuant shows a divergence between retail and institutional behavior. Retail deposits to Binance nearly doubled to $10.8 billion over 30 days, while whale deposits fell to $3.8 billion. This suggests smaller investors are using price rebounds to exit positions while large holders reduce activity.
#Bitcoin #ETF #BTC #CryptoNews
🚨 Coinbase Vendor Breach Exposes Customer Contact Data
Major crypto exchange Coinbase confirmed that a security incident at its analytics vendor, Amplitude, has exposed the contact information of a small group of users. The exchange clarified that its internal systems remain secure and were not breached during this event.
The exposure reportedly affected a "small subset" of Coinbase customers alongside other clients of Amplitude. Coinbase Support stated on X that customer funds are completely safe and unaffected by the data leak.
This incident follows reports of other cyberattacks in the industry, including investigations into a potential breach at South Korean exchange Bithumb. Coinbase has not yet disclosed the exact number of users impacted by this specific vendor leak.
#Coinbase #Security #CryptoNews #DataBreach
Major crypto exchange Coinbase confirmed that a security incident at its analytics vendor, Amplitude, has exposed the contact information of a small group of users. The exchange clarified that its internal systems remain secure and were not breached during this event.
The exposure reportedly affected a "small subset" of Coinbase customers alongside other clients of Amplitude. Coinbase Support stated on X that customer funds are completely safe and unaffected by the data leak.
This incident follows reports of other cyberattacks in the industry, including investigations into a potential breach at South Korean exchange Bithumb. Coinbase has not yet disclosed the exact number of users impacted by this specific vendor leak.
#Coinbase #Security #CryptoNews #DataBreach
💰 Robinhood Hits Record $1.4 Billion Revenue Amid Crypto Recovery
Robinhood reported record net revenue of $1.4 billion for Q3, a 12% year-over-year increase. Despite the revenue milestone, net income fell 14% to $476 million, impacted by $67 million in unrealized losses from its venture fund.
Crypto transaction revenue rose to $120 million, up 20% from the previous quarter. Total crypto trading volume reached $50 billion, with Bitstamp contributing $29 billion while the main Robinhood app handled $21 billion in retail activity.
The Robinhood Chain saw massive adoption in its first mainnet quarter, generating over $80 billion in decentralized exchange (DEX) volume and $50 million in fees. The company now ranks the network as a top-five chain by revenue and volume.
#Robinhood #CryptoNews #Bitstamp #Blockchain
Robinhood reported record net revenue of $1.4 billion for Q3, a 12% year-over-year increase. Despite the revenue milestone, net income fell 14% to $476 million, impacted by $67 million in unrealized losses from its venture fund.
Crypto transaction revenue rose to $120 million, up 20% from the previous quarter. Total crypto trading volume reached $50 billion, with Bitstamp contributing $29 billion while the main Robinhood app handled $21 billion in retail activity.
The Robinhood Chain saw massive adoption in its first mainnet quarter, generating over $80 billion in decentralized exchange (DEX) volume and $50 million in fees. The company now ranks the network as a top-five chain by revenue and volume.
#Robinhood #CryptoNews #Bitstamp #Blockchain
💰 Bitcoin ETFs Turn October Green with $137M Inflow
US-listed spot Bitcoin ETFs recorded $137 million in net inflows on Wednesday, marking a three-day winning streak. This surge brings the total inflows over the last three days to $424 million, successfully pushing October net flows back into positive territory at $111 million.
The recovery follows a massive $774 million outflow recorded late last week. The turnaround coincided with the US Federal Reserve holding interest rates steady between 3.75% and 4%. Fed Chair Kevin Warsh noted that inflation remains above the 2% target, keeping market sentiment in the Neutral zone.
While BTC holds near $79,848, Ether ETFs continue to struggle. ETH funds saw $21 million in withdrawals on Wednesday, bringing the total October outflows for Ether to a significant $1.35 billion.
#Bitcoin #ETF #CryptoNews #Ethereum
US-listed spot Bitcoin ETFs recorded $137 million in net inflows on Wednesday, marking a three-day winning streak. This surge brings the total inflows over the last three days to $424 million, successfully pushing October net flows back into positive territory at $111 million.
The recovery follows a massive $774 million outflow recorded late last week. The turnaround coincided with the US Federal Reserve holding interest rates steady between 3.75% and 4%. Fed Chair Kevin Warsh noted that inflation remains above the 2% target, keeping market sentiment in the Neutral zone.
While BTC holds near $79,848, Ether ETFs continue to struggle. ETH funds saw $21 million in withdrawals on Wednesday, bringing the total October outflows for Ether to a significant $1.35 billion.
#Bitcoin #ETF #CryptoNews #Ethereum
💰 Coinbase Returns to Profit with $719 Million Q3 Net Income
Coinbase has ended a two-quarter losing streak, reporting a net income of $719 million for the third quarter. While total revenue hit $1.22 billion, the profit was largely driven by $715 million in gains from crypto assets held on the company's own balance sheet.
Transaction revenue reached $590 million, beating analyst expectations despite low market volatility. A major highlight was Prediction Markets, which became one of the fastest-growing products in the exchange's history, reaching $200 million in annualized revenue.
The exchange also saw record growth in its USDC holdings, which hit $22 billion. Subscription and services revenue, led by stablecoins, now accounts for nearly half of the company's net revenue at $570 million.
#Coinbase #CryptoNews #Earnings #USDC
Coinbase has ended a two-quarter losing streak, reporting a net income of $719 million for the third quarter. While total revenue hit $1.22 billion, the profit was largely driven by $715 million in gains from crypto assets held on the company's own balance sheet.
Transaction revenue reached $590 million, beating analyst expectations despite low market volatility. A major highlight was Prediction Markets, which became one of the fastest-growing products in the exchange's history, reaching $200 million in annualized revenue.
The exchange also saw record growth in its USDC holdings, which hit $22 billion. Subscription and services revenue, led by stablecoins, now accounts for nearly half of the company's net revenue at $570 million.
#Coinbase #CryptoNews #Earnings #USDC
🔴 Bitcoin ETFs See $643M Outflow as Binance Hack Shakes Market
US spot Bitcoin ETFs recorded a massive $643 million net withdrawal on Friday, ending October with a total net outflow of $515 million. This marks the first negative month for the funds since June.
The sudden exit followed news of a $6.3 billion hack targeting Binance, the world’s largest crypto exchange. The security breach triggered market volatility, causing Bitcoin to drop to the $77,000 level on Thursday.
BlackRock’s IBIT led the outflows with $234 million, while Fidelity’s FBTC saw $201 million in exits. Experts are raising concerns about IBIT's heavy reliance on Coinbase for asset custody following the Binance exploit.
#Bitcoin #ETF #Binance #CryptoNews
US spot Bitcoin ETFs recorded a massive $643 million net withdrawal on Friday, ending October with a total net outflow of $515 million. This marks the first negative month for the funds since June.
The sudden exit followed news of a $6.3 billion hack targeting Binance, the world’s largest crypto exchange. The security breach triggered market volatility, causing Bitcoin to drop to the $77,000 level on Thursday.
BlackRock’s IBIT led the outflows with $234 million, while Fidelity’s FBTC saw $201 million in exits. Experts are raising concerns about IBIT's heavy reliance on Coinbase for asset custody following the Binance exploit.
#Bitcoin #ETF #Binance #CryptoNews
💰 Strategy Buys 811 BTC as Cash Reserves Drop 45%
Michael Saylor’s Strategy (MSTR) acquired 811 Bitcoin for approximately $66 million between Oct. 26 and Nov. 1. The purchase was made at an average price of $80,846 per coin, bringing the company's total holdings to 849,327 BTC.
The firm’s deployable USD cash fell 45.3% during the week, dropping from $242 million to $133 million. This decline occurred because the company prioritized $208 million in preferred-stock (STRC) buybacks over new crypto acquisitions.
To fund these moves, Strategy sold over 1.17 million shares of its MSTR common stock, generating $164 million in net proceeds. Only about 40% of those proceeds were used for Bitcoin, while the rest went to cash reserves under pressure from the aggressive buyback program.
#Bitcoin #MicroStrategy #MSTR #CryptoNews
Michael Saylor’s Strategy (MSTR) acquired 811 Bitcoin for approximately $66 million between Oct. 26 and Nov. 1. The purchase was made at an average price of $80,846 per coin, bringing the company's total holdings to 849,327 BTC.
The firm’s deployable USD cash fell 45.3% during the week, dropping from $242 million to $133 million. This decline occurred because the company prioritized $208 million in preferred-stock (STRC) buybacks over new crypto acquisitions.
To fund these moves, Strategy sold over 1.17 million shares of its MSTR common stock, generating $164 million in net proceeds. Only about 40% of those proceeds were used for Bitcoin, while the rest went to cash reserves under pressure from the aggressive buyback program.
#Bitcoin #MicroStrategy #MSTR #CryptoNews