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Quick Take The Tokyo-listed firm continued its bitcoin holding strategy with an additional purchase of 107.9 bitcoin. The latest purchase brought its total bitcoin holdings to 506.7 bitcoin, worth about $32.2 million at the current price.
U.S. spot Bitcoin ETFs recorded daily total net inflows worth $61.30 million on September 30. BalckRock’s IBIT registered the largest inflows among the twelve approved exchange-traded funds, with net inflows worth $72.15 million. Ethereum ETFs record daily net outflows worth $823k, bringing their cumulative total net outflows to $524 million.
Quick Take The recent rise in stablecoin market cap is providing liquidity that could help an uptrend in bitcoin and other major cryptocurrencies, according to CryptoQuant. K33 Research highlighted bullish factors for bitcoin in the fourth quarter, including the Federal Reserve’s policy shift, China’s liquidity push, and the SEC’s recent approval of options trading on spot bitcoin ETFs.
Quick Take An Indiana man pleaded guilty to “cyber intrusion” and stealing cryptocurrency worth over $37 million from nearly 600 victims, according to the U.S. Attorney’s Office. “The stolen cryptocurrency … was then funneled to various locations throughout the world, including multiple mixing services and gambling websites.”
Share link:In this post: Bitwise has filed for an XRP ETF in Delaware as it expands its crypto offerings. The approval might be a long process as the SEC reviews the application. If approved, the ETF would expand the use of XRP in traditional markets even more.
Quick Take The crypto venture capital market hasn’t fully adjusted to post-pandemic downturn realities, said Multicoin Capital Managing Partner Tushar Jain. Overhyped valuations and stalled token prices reflect challenges across the crypto sector. Jain maintains confidence in crypto’s core principles despite the market’s volatility.