16h ago
Friday Top Crypto News
In one short thread…
Yesterday, Ethereum spot ETFs saw a total net outflow of $128 million, with none of the nine ETFs recording net inflows.
In contrast, Bitcoin spot ETFs had a total net inflow of $20.33 million, led by BlackRock’s IBIT with $108 million in net inflows.
Dan Romero, Farcaster co-founder, announced that Base-based launchpad Clanker has joined the Farcaster ecosystem.
Clanker updated its tokenomics: two-thirds of fees will buy and hold CLANKER, older ecosystem tokens have been burned, and 7% of supply is locked in a one-sided LP. Farcaster clarified it has no official token.
Canada’s financial intelligence agency has imposed a record $126 million (Canadian $176.9 million) fine on cryptocurrency platform Cryptomus for several anti-money laundering breaches, citing failures to report thousands of suspicious transactions.
The stablecoin blockchain Stable, supported by Bitfinex and USDT0, officially announced the start of its pre-deposit event.
The top 10 deposit addresses collectively contributed nearly $500 million USDT, accounting for over 60% of the total cap — with one address alone depositing $101 million USDT.
In case you missed our tweet on Fed QT 👇🏼
1d ago
This ultimately why the Fed will end QT next week
The Fed consider “ample” reserves in the $2.5trn-3.5trn
It’s not an exact science however and you run the risk of finding our reserves are “scarce” when there’s been a tantrum
Genuinely think if we didn’t have these underlying issues we’d be enjoying Uptober
The end of QT and the end of a shut down will provide a LOT of liquidity relief and think will be the trigger to reclaim new highs for BTC
For now and until that point, caution remains…
Check out our FREE newsletter to better understand the macro and key crypto news, see pinned tweet.
Crypto majors trade at the following levels
BTC 111,215 (up 1.4% in 24 hours)
ETH 3,970 (up 2.5%)
XRP 2.439 (up 1.6%)
SOL 192.92 (up 3.9%)
Have a great day!
5.65K
19
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.