💰 Bitcoin ETF Holders Near Loss Threshold Ahead of US Data
Bitcoin is trading near $83,000, sitting precariously above the critical $81,722 level. Bloomberg analyst James Seyffart identifies this price as the average cost basis for Bitcoin ETF holders. A decline of just 2.2% would put the average institutional buyer back into a net loss.
The market is bracing for a massive economic data dump on Wednesday. At 8:30 a.m. ET, the US will release PCE inflation figures, GDP estimates, and personal income data. These reports follow the ADP private employment report scheduled for 8:15 a.m. ET.
Analysts warn that "hotter" inflation data could spike bond yields, potentially pushing BTC below the $81,722 support and toward the 365-day moving average at $80,500. Conversely, soft inflation data could trigger a test of the $84,000 to $85,000 supply zone.
#Bitcoin #CryptoNews #ETF #Macro
Bitcoin is trading near $83,000, sitting precariously above the critical $81,722 level. Bloomberg analyst James Seyffart identifies this price as the average cost basis for Bitcoin ETF holders. A decline of just 2.2% would put the average institutional buyer back into a net loss.
The market is bracing for a massive economic data dump on Wednesday. At 8:30 a.m. ET, the US will release PCE inflation figures, GDP estimates, and personal income data. These reports follow the ADP private employment report scheduled for 8:15 a.m. ET.
Analysts warn that "hotter" inflation data could spike bond yields, potentially pushing BTC below the $81,722 support and toward the 365-day moving average at $80,500. Conversely, soft inflation data could trigger a test of the $84,000 to $85,000 supply zone.
#Bitcoin #CryptoNews #ETF #Macro
💰 Bitcoin ETFs Record $6.3B Inflows in Strongest Q3 Since 2017
US spot Bitcoin ETFs attracted $6.34 billion in net inflows during the third quarter of 2026. This massive capital injection helped BTC surge by 42.71%, marking its best third-quarter performance in nearly a decade.
The Q3 results represent a major recovery, reversing approximately $5 billion in net outflows seen in the second quarter. August was the strongest month of the period with $3.52 billion in inflows, followed by September at $2.65 billion.
Institutional interest extended to altcoins as well. Ether ETFs saw $3.05 billion in net inflows as the ETH price jumped 71%. Meanwhile, XRP funds added $308 million, and Solana and Zcash ETFs drew significant capital in September.
#Bitcoin #ETF #CryptoNews #Ethereum
US spot Bitcoin ETFs attracted $6.34 billion in net inflows during the third quarter of 2026. This massive capital injection helped BTC surge by 42.71%, marking its best third-quarter performance in nearly a decade.
The Q3 results represent a major recovery, reversing approximately $5 billion in net outflows seen in the second quarter. August was the strongest month of the period with $3.52 billion in inflows, followed by September at $2.65 billion.
Institutional interest extended to altcoins as well. Ether ETFs saw $3.05 billion in net inflows as the ETH price jumped 71%. Meanwhile, XRP funds added $308 million, and Solana and Zcash ETFs drew significant capital in September.
#Bitcoin #ETF #CryptoNews #Ethereum
💰 IMF Approves $139M for El Salvador While Pressuring to Scale Back Bitcoin
The International Monetary Fund (IMF) has approved a $139 million disbursement to El Salvador, praising the nation's strong economic performance and improved security. However, the fund continues to push the government to reduce its involvement in Bitcoin activities as part of ongoing loan negotiations.
The IMF stated that while the economy exceeded expectations, certain criteria regarding Bitcoin accumulation were not met. The fund is now seeking to unwind the state's role in the crypto ecosystem and claims no further Bitcoin accumulation is planned beyond documented donations.
#Bitcoin #ElSalvador #IMF #CryptoNews
The International Monetary Fund (IMF) has approved a $139 million disbursement to El Salvador, praising the nation's strong economic performance and improved security. However, the fund continues to push the government to reduce its involvement in Bitcoin activities as part of ongoing loan negotiations.
The IMF stated that while the economy exceeded expectations, certain criteria regarding Bitcoin accumulation were not met. The fund is now seeking to unwind the state's role in the crypto ecosystem and claims no further Bitcoin accumulation is planned beyond documented donations.
#Bitcoin #ElSalvador #IMF #CryptoNews
💰 Bitcoin ETFs Hit 3rd Week of Inflows as Ether ETFs See Outflows
US spot Bitcoin ETFs recorded their third consecutive week of net inflows, bringing in $241.1 million last week. This push brings the total cumulative net inflows for these institutional funds to a massive $57.8 billion, according to SoSoValue data.
In contrast, Ether ETFs faced a sharp reversal, recording $138 million in weekly net outflows. This follows a strong performance the previous week where they attracted $690 million. Despite the weekly drop, year-to-date inflows for Ethereum funds remain positive at approximately $1.5 billion.
The altcoin market showed mixed results. Zcash (ZEC) funds saw their first-ever weekly outflow of $94 million. Meanwhile, Solana (SOL) and XRP ETFs extended their positive streaks with inflows of $2.4 million and $4.7 million respectively.
#Bitcoin #Ethereum #ETF #CryptoNews
US spot Bitcoin ETFs recorded their third consecutive week of net inflows, bringing in $241.1 million last week. This push brings the total cumulative net inflows for these institutional funds to a massive $57.8 billion, according to SoSoValue data.
In contrast, Ether ETFs faced a sharp reversal, recording $138 million in weekly net outflows. This follows a strong performance the previous week where they attracted $690 million. Despite the weekly drop, year-to-date inflows for Ethereum funds remain positive at approximately $1.5 billion.
The altcoin market showed mixed results. Zcash (ZEC) funds saw their first-ever weekly outflow of $94 million. Meanwhile, Solana (SOL) and XRP ETFs extended their positive streaks with inflows of $2.4 million and $4.7 million respectively.
#Bitcoin #Ethereum #ETF #CryptoNews
🚨 US Bitcoin ETFs See $485M Outflow in Biggest Drop Since June
US spot Bitcoin ETFs recorded $484.9 million in net outflows on Wednesday, marking the largest single-day withdrawal since June 25. This massive exit completely reversed Tuesday's $118.8 million inflow and wiped out all gains made during the first week of October.
BlackRock’s IBIT led the selling with $207.7 million in withdrawals, followed by Fidelity’s FBTC at $105.1 million and ARK 21Shares’ ARKB at $101.7 million. The sudden shift leaves the month of October with a net outflow of approximately $163 million so far.
Meanwhile, Ether ETFs are struggling with a seven-day losing streak, losing another $160.9 million on Wednesday. BlackRock’s ETHA saw $116.1 million in exits. Bitcoin is currently trading around $82,700, down 2% as institutional selling pressure increases.
#Bitcoin #ETF #CryptoNews #BlackRock
US spot Bitcoin ETFs recorded $484.9 million in net outflows on Wednesday, marking the largest single-day withdrawal since June 25. This massive exit completely reversed Tuesday's $118.8 million inflow and wiped out all gains made during the first week of October.
BlackRock’s IBIT led the selling with $207.7 million in withdrawals, followed by Fidelity’s FBTC at $105.1 million and ARK 21Shares’ ARKB at $101.7 million. The sudden shift leaves the month of October with a net outflow of approximately $163 million so far.
Meanwhile, Ether ETFs are struggling with a seven-day losing streak, losing another $160.9 million on Wednesday. BlackRock’s ETHA saw $116.1 million in exits. Bitcoin is currently trading around $82,700, down 2% as institutional selling pressure increases.
#Bitcoin #ETF #CryptoNews #BlackRock
🚨 Bitcoin and Ether ETF Outflows Reach $1B in October
US spot Bitcoin and Ether ETFs have recorded nearly $1 billion in combined net outflows so far in October. This massive exit of capital comes as the recent crypto market rally shows signs of slowing down.
Bitcoin ETFs saw $244.1 million in net outflows on Thursday, following a $484.9 million withdrawal on Wednesday. The Wednesday figure marks the largest single-day outflow for BTC funds since June 25. Total October outflows for Bitcoin now stand at $407.4 million.
Ether funds are facing an even longer slump, marking an eight-session losing streak. These funds have shed $641.3 million since September 29, with $72.5 million leaving the ETF products on Thursday alone.
#Bitcoin #Ethereum #ETF #CryptoNews
US spot Bitcoin and Ether ETFs have recorded nearly $1 billion in combined net outflows so far in October. This massive exit of capital comes as the recent crypto market rally shows signs of slowing down.
Bitcoin ETFs saw $244.1 million in net outflows on Thursday, following a $484.9 million withdrawal on Wednesday. The Wednesday figure marks the largest single-day outflow for BTC funds since June 25. Total October outflows for Bitcoin now stand at $407.4 million.
Ether funds are facing an even longer slump, marking an eight-session losing streak. These funds have shed $641.3 million since September 29, with $72.5 million leaving the ETF products on Thursday alone.
#Bitcoin #Ethereum #ETF #CryptoNews
💰 Sam Altman-backed Bitcoin Insurer Meanwhile Raises $37.5M
Bermuda-based life insurer Meanwhile has secured $37.5 million in a new funding round led by Bain Capital Crypto. This brings the company's total funding to over $180 million.
The startup, which operates entirely in Bitcoin, counts OpenAI CEO Sam Altman among its early backers. Other participants in this round include Pantera Capital, Framework Ventures, and Morgan Creek Digital.
Meanwhile offers life insurance policies denominated in BTC, targeting high-net-worth individuals globally. The company reports surging demand in Asia and Europe as wealthy families seek regulated ways to pass digital wealth to heirs.
#Bitcoin #CryptoInsurance #SamAltman #Web3
Bermuda-based life insurer Meanwhile has secured $37.5 million in a new funding round led by Bain Capital Crypto. This brings the company's total funding to over $180 million.
The startup, which operates entirely in Bitcoin, counts OpenAI CEO Sam Altman among its early backers. Other participants in this round include Pantera Capital, Framework Ventures, and Morgan Creek Digital.
Meanwhile offers life insurance policies denominated in BTC, targeting high-net-worth individuals globally. The company reports surging demand in Asia and Europe as wealthy families seek regulated ways to pass digital wealth to heirs.
#Bitcoin #CryptoInsurance #SamAltman #Web3
🚨 BTCPay Server Update: Manual Tor Opt-In Required
BTCPay Server version 2.4.5 introduces a significant change for Docker deployment users. Tor is no longer bundled automatically in the core setup, making it an optional configuration choice for administrators.
Operators must now explicitly select the opt-add-tor fragment during their next update or setup to maintain onion address access. While existing Tor volume data is preserved, connectivity will drop if the fragment is not manually included.
The update also blocks outbound HTTP requests to private networks by default to prevent SSRF (Server-Side Request Forgery) attacks. This affects Lightning connections, LNURL requests, and webhooks.
#BTCPay #Bitcoin #Tor #Privacy
BTCPay Server version 2.4.5 introduces a significant change for Docker deployment users. Tor is no longer bundled automatically in the core setup, making it an optional configuration choice for administrators.
Operators must now explicitly select the opt-add-tor fragment during their next update or setup to maintain onion address access. While existing Tor volume data is preserved, connectivity will drop if the fragment is not manually included.
The update also blocks outbound HTTP requests to private networks by default to prevent SSRF (Server-Side Request Forgery) attacks. This affects Lightning connections, LNURL requests, and webhooks.
#BTCPay #Bitcoin #Tor #Privacy
🚨 UK Court Ruling Boosts Government’s Chance to Keep $5 Billion Seized Bitcoin
A London High Court judge has ruled that Chinese law, not English law, governs the claims of 128,000 fraud victims seeking to recover 61,000 BTC. The assets, worth approximately $5 billion, were seized by the Metropolitan Police from Zhimin Qian, who ran a massive Ponzi scheme in China before fleeing to the UK in 2017.
Judge Mark Turner stated that because the fraud and economic losses occurred entirely in China, the victims cannot use English property law to claim the funds. This decision significantly narrows the path for victims to recover their money and increases the likelihood that the UK Treasury will retain the seized Bitcoin.
#Bitcoin #UK #CryptoNews #Regulation
A London High Court judge has ruled that Chinese law, not English law, governs the claims of 128,000 fraud victims seeking to recover 61,000 BTC. The assets, worth approximately $5 billion, were seized by the Metropolitan Police from Zhimin Qian, who ran a massive Ponzi scheme in China before fleeing to the UK in 2017.
Judge Mark Turner stated that because the fraud and economic losses occurred entirely in China, the victims cannot use English property law to claim the funds. This decision significantly narrows the path for victims to recover their money and increases the likelihood that the UK Treasury will retain the seized Bitcoin.
#Bitcoin #UK #CryptoNews #Regulation
🚨 Scammer Loses $4.8M in Bitcoin to Ledger Supply Chain Hack
Chainalysis has revealed that a mastermind behind a massive "task scam" became a victim of the recent Ledger hardware wallet breach. The individual lost 60 BTC, worth approximately $4.8 million, which they had originally stolen from victims through fake sales and review schemes.
The scammer moved the illicit Bitcoin into three separate Ledger addresses on September 22. On October 9, a different group of hackers emptied all three wallets in a single transfer. This irony highlights the severity of the security breach affecting Ledger users who purchased devices from specific resellers.
#Bitcoin #Ledger #CryptoHack #Chainalysis
Chainalysis has revealed that a mastermind behind a massive "task scam" became a victim of the recent Ledger hardware wallet breach. The individual lost 60 BTC, worth approximately $4.8 million, which they had originally stolen from victims through fake sales and review schemes.
The scammer moved the illicit Bitcoin into three separate Ledger addresses on September 22. On October 9, a different group of hackers emptied all three wallets in a single transfer. This irony highlights the severity of the security breach affecting Ledger users who purchased devices from specific resellers.
#Bitcoin #Ledger #CryptoHack #Chainalysis
🚨 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
💰 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
💰 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
💰 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
💰 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
🚨 Binance hit by record $6.3B hack; Trump and US politicians react
Binance has suffered the largest heist in crypto history, with hackers stealing $6.3 billion in less than four hours. The exchange confirmed it will absorb all losses, ensuring users are not financially impacted.
Approximately $3 billion of the stolen funds have already been frozen across various locations. The hack is widely attributed to a North Korean group. The FBI and Secret Service have officially joined the response and investigation.
This event has sparked intense political debate ahead of the Nov. 3 US election. Senator Cynthia Lummis blamed the failure of the Clarity Act for the delay in freezing funds, while Representative Maxine Waters called for stricter accountability and questioned past ties between Donald Trump and Binance.
#Binance #CryptoHack #Regulation #Bitcoin
Binance has suffered the largest heist in crypto history, with hackers stealing $6.3 billion in less than four hours. The exchange confirmed it will absorb all losses, ensuring users are not financially impacted.
Approximately $3 billion of the stolen funds have already been frozen across various locations. The hack is widely attributed to a North Korean group. The FBI and Secret Service have officially joined the response and investigation.
This event has sparked intense political debate ahead of the Nov. 3 US election. Senator Cynthia Lummis blamed the failure of the Clarity Act for the delay in freezing funds, while Representative Maxine Waters called for stricter accountability and questioned past ties between Donald Trump and Binance.
#Binance #CryptoHack #Regulation #Bitcoin
🔴 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