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Morgan Stanley has emerged as one of the top holders of U.S. spot bitcoin ETFs as of March 31, according to a Wednesday 13F filing with the SEC.The multinational investment bank and financial services company disclosed holding $269.9 million worth of Grayscale’s GBTC and $2.3 million of Ark Invest’s ARKB.
PancakeSwap will pay up to $8 million to Uniswap users who have paid high interface fees on its competitor’s platform. Eligible traders must match their Uniswap v3 holdings on PancakeSwap v3. The reimbursement campaign comes after Uniswap hiked its interface fees from .15% to .25% in April.
Drift Foundation has officially launched its token and opened airdrop claims. The airdrop consists of 120 million DRIFT tokens with a bonus component.
Viral web3 clicker game Notcoin has launched its cryptocurrency on the TON blockchain. Over 80 billion NOT tokens have been airdropped to participants amid crypto exchange listings.
The memecoin market cap today stands at $58 billion — having gained 10% in the last 24 hours — according to CoinGecko data.In contrast, the total cryptocurrency market cap increased by 5.5% over the same period, with the bitcoin price posting a 6% uptick.
Bitcoin short liquidations have spiked above $48 million in the past 24 hours.Bitcoin’s price has increased over 6% during this time, currently trading at $66,300
MakerDAO founder Rune Christensen said a future token named PureDai will serve as a fully decentralized alternative to Dai. PureDai will use ether and stETH as collateral and will have a free-floating peg. Dai holders will have the option to upgrade to PureDai once it becomes available, which is expected in a few years.
- 07:28QCP Capital: Bitcoin finds support at $65,000, its dominance is expected to continue risingOn October 27, QCP Capital released a weekly briefing on its official channel, stating that the cryptocurrency market was relatively volatile this week. BTC once again tested the July high of $69,500 but failed to break through and eventually gave back its gains, finding support at $65,000 and now seems to be bottoming out. The Bitcoin ETF had a net inflow of $997.7 million this week, marking the third consecutive week of net inflows indicating strong institutional demand. This week, Bitcoin's dominance continued to rise reaching a new high of 59.75%. Conversely, the ETHBTC exchange rate broke below key support at 0.03850 and slid down by 5.85% to a low point of 0.03625. We believe that as Bitcoin approaches its ATH level in short term it may continue to increase its dominance. Reports alleging that Tether is under investigation by US government led to significant drop in price for USDT stablecoin which fell as low as $0.9965 before rebounding above $0.9980 for this week so far; Tether CEO Paolo Ardoino has denied these allegations with confirmation still pending since this isn't first time Tether has faced such scrutiny. In Middle East tensions continue escalating due Israel launching retaliatory strikes against Iran following missile attacks earlier month; Dow Jones Industrial Average S&P 500 Index respectively dropped by .61% .03%; cryptocurrencies subsequently fell with bitcoin briefly dropping down towards $65k mark. As we approach end of current week focus now shifts towards non-farm payroll data set release next Friday which will provide further insight into Federal Reserve's next steps; currently there's a probability of November interest rates being cut by 25 basis points standing at an estimated likelihood around 95%, markets are not expecting any surprises.
- 07:27The market value of Ethereum Meme project GRIMACE has exceeded 2 million US dollarsThe on-chain market data shows that the price of Ethereum's on-chain Meme project, GRIMACE, has broken through $0.000005, with a market value exceeding $2 million and over 1200 holders. GRIMACE is a Trump-themed Meme coin.
- 07:26QCP Capital: Bitcoin's dominance is expected to continue rising, with a key focus on the upcoming non-farm employment data announcementSingaporean cryptocurrency investment firm QCP Capital stated that the cryptocurrency market was relatively volatile this week. BTC retested its local high of 69,500 since July but failed to break through. It eventually gave back its gains, finding support at the major level of 65,000 and now seems to be forming a consolidation pattern. This week's net inflow into BTC ETF reached $997.7 million, marking positive inflows for the third consecutive week, indicating strong institutional demand. Bitcoin's dominance continued to rise this week, reaching a high point of 59.75%. In contrast, ETHBTC broke below its key support level of 0.03850 and fell by 5.85% to a new low of 0.03625. As Bitcoin approaches its all-time highs, the rising trend in Bitcoin's dominance may continue in the short term.Reports about alleged US government investigations into Tether caused a significant drop in USDT stablecoin prices which fell to a low point of 0.9965 before rebounding above 0.9980 later this week.Tether CEO Paolo Ardoino has so far denied these allegations; whether they are true remains to be seen as it is not Tether’s first time under such strict scrutiny. In Middle East tensions continue escalating due Israel retaliating against missile attacks earlier this month.On Friday selling pressure on markets increased due Israeli retaliation strikes and USDT’s heavy losses causing Dow Jones Industrial Average and S&P500 Index respectively falling by .61% & .03%. Cryptocurrencies subsequently dropped with BTC briefly dipping down to $65k. As we approach end-of-week focus is now on non-farm employment data set for release next Friday which will provide further insight into Federal Reserve’s next steps.Currently there is an expectation for November interest rate cut by .25 basis points with probability standing at %95 percent.Market does not expect any big surprises.
