02 Oct 2024
Bitcoin ETFs break 8-day inflow streak as outflows spike to $242 million
On Oct.1, Bitcoin ETFs experienced significant net outflows, totaling $242.6 million, reflecting a sharp reversal from the large inflows seen in the previous week. Fidelity’s FBTC ETF led the withdrawals, recording $144.7 million in outflows, while Ark’s ARKB ETF saw $84.3 million in redemptions. Read more
Hut 8 pays off Anchorage loan, eyes further AI expansion
Hut 8 Corp., one of North America’s largest Bitcoin miners, has announced that Anchorage Digital has converted the remaining $38 million of its outstanding loan into common shares. The conversion was completed at $16.395 per share, representing a 51% premium over the 20-day volume-weighted average price through Sept. 26. Read more
Fraud platform integrates JPMorgan’s blockchain solution to verify vendor banking data
Fraud prevention platform Trustpair announced the integration of investment bank JPMorgan’s blockchain-based solution Confirm to verify bank account information on Oct. 1. Confirm is a closed network for global account validation information built on Liink, the enterprise-focused permissioned and private blockchain developed by JPMorgan’s Onyx division. Read more
Grayscale’s High ETF Fee Keeps the Cash Flowing In Even as Investors Withdraw
Grayscale’s fee revenue from GBTC is nearly five times higher than BlackRock’s from IBIT even after a 50% decline in assets under management. Read more
How North Korea Infiltrated the Crypto Industry
More than a dozen blockchain firms inadvertently hired IT workers from the rogue state, incurring cybersecurity and legal risks, a CoinDesk investigation found. Read more
Bitcoin ETFs Bleed $242.6M, Biggest Outflow Since Sept. 3
The outflows snapped an eight-day winning streak as BTC lost as much as 6% amid an acute heightening of tensions in the Middle East. Read more
Tether's USDT Has Uses Beyond Crypto Markets, Trading: CEO Paolo Ardoino
Ardoino says there's more of a need for stablecoins outside the U.S., especially in countries with rampant inflation and shoddy financial infrastructure. Read more
Robinhood Introduces Crypto Transfers in Europe as It Doubles Down on Expansion
Robinhood customers in the European Union can now transfer more than 20 cryptocurrencies, including include bitcoin, ether, solana and USD coin, in and out of the trading app. Read more
Crypto Winter-Era Seed Startups Mostly Persist Despite Tumult and Crisis
But fundraising difficulties and product-market-fit issues may imperil their future, according to a report from Lattice VC. Read more
UK city minister pushes blockchain gilts despite gov’t concerns
Despite resistance from the UK’s Debt Management Office, City Minister Tulip Siddiq pushes for blockchain-based bonds to modernize financial markets. Read more
Bitcoin breaking $74K will 'take time' as BTC structure 'moving to neutral' — Analyst
Bitcoin’s short-term structure signals that most of October could be a cooling-off period before the “next bullish attempt,” according to a crypto analyst. Read more
Taurus, Chainlink collaborate to facilitate institutional tokenization
Taurus teams up with Chainlink Labs to address challenges related to tokenized assets, including cross-chain mobility, data integration and security. Read more
Fidelity Ethereum ETF records largest daily outflows since launch
The Fidelity Ethereum Fund recorded outflows of $25 million on Oct. 1, the highest daily record among US-based spot Ether ETFs, excluding Grayscale. Read more
Australian feds ’deciphered' seed phrase to access suspect’s crypto
The Australian Federal Police said an analyst cracked the seed phrase to a crypto account belonging to the alleged creator of an organized crime messaging app. Read more
Bitcoin ETFs see biggest outflow in a month as Middle East tensions surge
The outflow reversed an eight-day trend of consecutive inflows totaling $1.4 billion. Read more
Bitcoin tanks, gold rebounds as Israel vows Iran 'will pay' for attack
The price of Bitcoin fell about $4,000 after Iran fired some 180 ballistic missiles at Israel, escalating the conflict in the Middle East. Read more
Crypto group COPA launches bid to stop blockchain ‘patent trolls’
The Cryptocurrency Open Patent Alliance has launched a campaign targeting “patent trolls,” arguing that they block the path to crypto innovation. Read more
Solana DApps volume increased by 46% in a week — Is $180 SOL the next stop?
An uptick in Solana’s network activity and upcoming project launches could send SOL price higher. Read more
Bitcoin metrics reset and point to ‘major move’ in Q4 — Analysts
Analysts say Bitcoin’s prolonged downtrend reset its key price metrics, setting BTC up for a stellar Q4 performance. Read more
Bitwise files XRP ETF trust registration in Delaware
The crypto-focused asset manager confirmed filing the XRP exchange-traded fund trust registration with the state of Delaware. Read more
Hashdex files amended S-1 for Nasdaq Crypto Index US ETF
The filing signals progress toward a possible spot cryptocurrency index ETF listing in the US. Read more
Is the Bitcoin Price in Danger of Dropping to $42K? Here’s a Worrying Scenario
Fear and panic have gripped crypto markets again, with analysts predicting doom and gloom price crashes for Bitcoin. Read more
Bitcoin Plummets to $60K but These Altcoins Crashed Harder (Market Watch)
Rising tensions in the Middle East seem to be the predominant reason behind Bitcoin's latest drop. Read more
Bitcoin Dumps $4,000 as Fear Grips Markets on Middle East Conflict
Bitcoin prices have tanked following the escalating conflict in the Middle East, but this is nothing new. Read more
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