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The iShares Bitcoin Trust (IBIT) has seen two-day inflows reach $184.5 million — and is also the only U.S. spot Bitcoin ETF to see inflows so far this week.
Powerhouse web3 brand Bored Ape Yacht Club has seen the floor price for its once-celebrated NFTs reach its lowest point since August 2021. The floor price has declined by more than 90% from its all-time high, which it hit almost exactly two years ago.
LBBW’s crypto custody offering is expected to launch in the second half of 2024.
The US spot bitcoin fund category has notched negative net flows over the course of a week just three times since coming to market in January
EigenLayer recently launched on the Ethereum mainnet. One of the main ways to get into EigenLayer is to contribute to securing Ethereum. This is an excerpt from The Block’s Data & Insights newsletter.
- 16:18BTC falls below 66,000 USDT, 2.16% in 24HBTC fell below 66000 USDT and is now at 66003.5USDT, down 2.16% in 24H.
- 16:17Data: U.S. stocks open down on all three major indices, MicroStrategy down more than 2%U.S. stocks opened down 0.21% on the Dow, 0.33% on the S&P 500, 0.38% on the Nasdaq, 2.19% on the CEX and 2.26% on MicroStrategy.
- 16:15FT: Fed May Cut Rates Quickly Next Year If Harris WinsThe FT team recently updated its forecasts for the Fed's interest rate outlook, predicting that if Harris wins the election, the Fed may cut rates quickly next year. Following a 50 basis point rate cut in September, the Fed may cut rates twice more in 2024 at a pace of 25 basis points, the analysis said. The Fed will cut rates by a total of 100 basis points by the end of this year, reducing the funds rate to 4.25-4.5 per cent. This is consistent with the Fed's September summary of economic projections. If Harris wins the U.S. presidential election, the Fed will cut rates three more times in the first half of 2025, each time by 25 basis points, reducing the policy rate to 3.5-3.75 per cent.