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Bitcoin’s October bull dreams fizzle as Middle East tensions shake markets
Bitcoin’s October bull dreams fizzle as Middle East tensions shake markets

Share link:In this post: Bitcoin fell from $64k to around $60k due to escalating fears of conflict in the Middle East. The overall crypto market cap declined nearly 4% to $2.17 trillion. Over 154,000 traders were liquidated in the past 24 hours, totaling $524.31 million.

Cryptopolitan·2024/10/01 16:00
Spot bitcoin ETFs record largest outflows since early September
Spot bitcoin ETFs record largest outflows since early September

Quick Take U.S. spot bitcoin ETFs recorded $242.53 million in net outflows on Tuesday. Bitcoin fell 3.47% to trade at $61,446. Ether slid 5.89% to change hands at $2,480.

The Block·2024/10/01 16:00
Global markets dip, what history tells us about wars and investment
Global markets dip, what history tells us about wars and investment

Nasdaq dropped over 1%, while energy stocks rose as US oil prices climbed 2.4%. Bitcoin fell by 4%, diving from $66,000 to $61,000, as fear spread across markets. Geopolitical conflicts tend to trigger short-term drops, with market recovery typically taking 47 days.

Cryptopolitan·2024/10/01 16:00
SEC appeals Ripple case ruling, citing conflict with Supreme Court precedent
SEC appeals Ripple case ruling, citing conflict with Supreme Court precedent

Quick Take The Securities and Exchange Commission is appealing the Aug. 7 judgment regarding the web3 payments firm Ripple. “We believe that the district court decision in the Ripple matter conflicts with decades of Supreme Court precedent and securities law,” an SEC spokesperson said.

The Block·2024/10/01 16:00
Flash
06:29
UBS: This year’s air cargo capacity growth is expected to lag behind potential demand growth, indirectly enhancing the pricing power of airlines in the Asia-Pacific region.
Glonghui June 4th|UBS Asia transportation industry analyst Yang Yupeng stated that this year, the growth of airline capacity is expected to be lower than the growth of potential demand. The aircraft supply shortage is mainly due to slow production progress, caused by factors such as supply chain issues, insufficient aircraft retirements leading to fewer available used spare parts, and a shortage of experienced technical labor. This has indirectly strengthened the pricing power of airlines in the Asia-Pacific region. Different airlines are expected to show divergent growth performances, depending on their market positioning.
06:29
Zcash block explorer shows no new blocks have been produced for several hours
According to Odaily, monitoring by Arkham shows that the Zcash block explorer has not produced any new blocks in the past several hours.
06:19
Kennedy-Wilson Holdings Inc and Dutch pension fund asset manager APG have officially announced the establishment of a residential joint venture valued at 2 billion euros.
The joint venture platform will focus on large-scale residential development and asset management in Ireland, with plans to create and operate over 3,400 private rental homes. This strategic collaboration marks a deep commitment of international capital to the Irish residential rental market. By integrating the exchange’s expertise in real estate investment and operations with the long-term capital support provided by APG, the joint venture aims to address the growing demand for rental housing in the Irish market. The project is expected to progress in phases, covering new developments and upgrades to existing assets, and is dedicated to providing high-quality, professionally managed rental housing solutions.This cooperation not only strengthens the exchange’s presence in the European residential market but also reflects institutional investors’ continued preference for rental housing assets with stable cash flow. Against the backdrop of limited housing supply and strong rental demand in Ireland, the establishment of this joint venture is expected to inject new supply into the market while providing investors with long-term and stable returns.
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