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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 👇🏼
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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…
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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!
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