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MicroStrategy’s total Bitcoin purchase so far in 2024 is valued at $1.65 billion.
Spot bitcoin exchange-traded funds in the U.S. witnessed more than $51.5 million in net outflows on April 29.BlackRock’s iShares Bitcoin Trust had net inflows of $0.HKEX listed six spot bitcoin and ether ETFs today.
The trading volume of the newly listed spot bitcoin and ether ETFs in Hong Kong amounted to over $6.3 million during the morning session today, according to HKEX data. In comparison, when the 11 spot bitcoin ETFs began trading in the U.S. in January, their daily turnover reached about $4.6 billion on the first trading day.
Ongoing outflows of $435 continue as incumbent ETF issuers witness withdrawals.
- 08:08A Polymarket trader's massive purchase of Trump's “win” contract pushed the odds up to 99% at one pointOn Oct. 25, CoinDesk reported that a trader on Polymarket briefly mispriced the market for the 2024 U.S. presidential election by purchasing a large number of Trump “win” contracts. The trader spent more than $3 million on 4.5 million contracts in a short period of time, at one point pushing the probability of a Trump victory to 99%, much higher than the 63% given by the actual market at the time. This pricing anomaly was due to Polymarket's on-chain order book mechanism. In one $275,000 order, the trader traded at 99% odds, while other orders were filled at 65.9 cents and 62.7 cents, respectively.Polymarket's dynamic order book adjusts prices with each trade, which makes it possible for large trades to lead to severe slippage, temporarily distorting the actual odds. As of today, Trump has a 63% chance of winning the election on Polymarket, while Kamala Harris has a 36% chance of winning. The market has accumulated more than $2.2 billion in trading volume, making it the most traded market on the platform.
- 08:01Musk spent at least $132 million for Trump and his Republican alliesElon Musk gave another $56 million to elect Donald Trump and other Republicans in the final weeks of the 2024 election, federal filings show, bringing to at least $132 million the world's richest man has spent to elevate his allies to the White House and Congress, according to Golden Ten.
- 07:59GRASS futures hit today's low of $0.709, down 24.16% in 24 hoursOn October 25, GRASS futures are now trading at $0.8495, hitting a low of $0.709 today, a 24-hour loss of 24.16%, according to ticker data. In previous news, the Grass Foundation announced that the first round of airdrops will open on October 28, 2024 at 21:30 GMT.
