News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
The three spot bitcoin ETFs in Hong Kong saw about 90.16 BTC leave the products on Thursday, according to SosoValue.The total trading volume of the three ETFs amounted to $2.06 million on Thursday, down from $9.74 million on April 30, their first trading day.
The 11 spot bitcoin ETFs in the U.S. recorded a total daily net outflow of $11.29 million on Thursday.Only Grayscale’s GBTC saw net outflows on the day.
Institutional Crypto Research Written by Experts
The revenue sources of the Ethena protocol are spot collateral yield + funding rate revenue from short positions. The introduction of BTC collateral dilutes the collateral yield rate, while market calmness and a significant reduction in Ethena's short positions have decreased the funding rate revenue.
“A vote for Biden is a vote against the American cryptocurrency industry,” said Charles Hoskinson in a video that lashed the White House for its ongoing treatment of crypto in the United States.
In the foreseeable future, the growth curve of Bitcoin's programmability will enter an accelerated growth phase, and the assets, users, and applications of the Bitcoin ecosystem will usher in a wave of explosive growth in the Cambrian era.
- 10:10CME Fed Watch: The probability of the Fed keeping interest rates unchanged has dropped to 2%ChainCatcher reported that according to Jinshi, investors expect the Fed to keep interest rates unchanged at its next meeting, while inflation and employment data scheduled to be released next week may still change expectations. According to CME Fed Watch, the probability of the Fed keeping interest rates unchanged has dropped to 2% from nearly 20% earlier this month. Most people are betting that the Fed will cut interest rates by 25 basis points. September PCE data will be released next Thursday, and October employment data will be released next Friday. Price data show that inflation continues but is not overheated. Employment data may be affected by one-time hurricanes and strikes.
- 09:45Market News: Musk to attend Trump's rally at Madison Square Garden in New YorkPANews reported on October 26 that according to the Wall Street Journal, Elon Musk will attend Trump's rally at Madison Square Garden in New York. In addition to Elon Musk, it is reported that celebrities such as Robert F. Kennedy Jr., Dana White, Rudy Giuliani, Tucker Carlson and others will also attend this event.
- 09:44Kraken Analyst: Bitcoin Bulls Are “In Control” As Long As It Stays Above $66,500PANews On October 26, according to Cointelegraph, analysts at the cryptocurrency exchange Kraken said that as long as it remains above $66,500, Bitcoin bulls can "take control of the situation" and the trend will remain positive. Not only that, analysts also pointed out that if Bitcoin can continue to rise, the next key stage will be the all-time high of $73,679 set in March. Successfully breaking through this level may open the door to new price discovery and further upward momentum. In response to the previous drop in Bitcoin prices from $66,500 to $65,700, cryptocurrency trader Herdy analyzed that this may be the market's response to Tether's FUD and subsequent events such as Israel and Iran. Earlier news, Tether was suspected of being investigated by US prosecutors and sanctioned by the Treasury Department, but then Tether CEO Paolo Ardoino denied this, saying there was no sign that Tether was under investigation.
