Original author: Koala, Mars Finance
Morgan Stanley holds $272.1 million worth of spot Bitcoin ETFs
The latest United States Securities and Exchange Commission (SEC) filing shows that Morgan Stanley holds $272.1 million worth of spot Bitcoin ETFs.
Solv launches Bitcoin staking token on Solana
Solv told Cointelegraph on Oct. 17 that the company plans to stake tokens on Solana to attract BTC holders as the digital currency's yield opportunities continue to increase. The Bitcoin network's emerging Layer 2 Scaling Chain (L2) and new BTC yield options in the decentralized finance (DeFi) protocol ecosystem are forcing projects on other networks, such as Ethereum and Solana, to compete for BTC liquidity.
AI bot truth_terminal has propelled the meme coin GOAT to nearly $300 million in market capitalization
Last week, AI bot truth_terminal drove the meme coin GOAT to nearly $300 million in market capitalization, and its public crypto wallet held more than $500,000 in crypto assets, becoming the first AI bot to potentially become a millionaire. truth_terminal from the AI development project Infinite Backrooms, which was developed by Andy Ayrey. Ayrey says he's not a crypto enthusiast and was surprised by the results.
truth_terminal Attract attention by spreading religious and spiritual themes, and convert attention into money by promoting meme coins. This phenomenon sheds light on the revenue problem of the AI industry, and the meme coin provides a solution.
Data: Spot Bitcoin ETF saw 4 consecutive days of inflows, amounting to $20 billion
Data shows that spot bitcoin ETFs have received cumulative inflows of $20.26 billion since the product was launched in the United States on January 11. In the last four days alone, about $1.64 billion has flowed into 11 ETF products from ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton.
Notably, BlackRock, the world's largest asset manager, saw daily inflows of $393.4 million on October 16, the highest level since July 22 ($526.7 million).
Anonymous crypto trader Crypto Lord told his 344,500 X followers that they were "not optimistic enough," while noting that the Bitcoin ETF's breakthrough of $20 billion marks "the fastest growth in ETF history."
BlackRock bought 10,126 BTC in two days, with a total position of 380972
Lookonchain monitoring shows that BlackRock bought 5,802 BTC yesterday, or about $390.2 million. In the past two days, BlackRock has bought a total of 10,126 BTC, worth $681 million.
Currently, BlackRock has 380972 BTC worth about $25.62 billion.
Orderly Network will integrate with Solana to become the first full-chain order book platform to support both EVM and non-EVM
On October 17, Orderly Network announced that it will integrate with Solana and deploy a treasury, becoming the first full-chain order book platform to support both EVM and non-EVM, a breakthrough that enables users from different public chains to trade perpetual contracts through Orderly Network's unified cross-chain shared order book. As a leading decentralized exchange infrastructure provider, Orderly Network recently surpassed $83 billion in total transaction volume. It has covered several major blockchains, including Arbitrum, Base, Mantle, Ethereum Mainnet, Optimism, and Polygon. The platform provides traders and decentralized trading platforms with more than 50 trading markets, enabling full-chain integrated liquidity and trading infrastructure. With this successful deployment of the treasury on Solana, Solana users can now deposit assets on the Orderly platform and trade with other on-chain counterparties without the need for cross-chain, enjoying a unified on-chain order book experience. The testnet has been integrated and mainnet is expected to be integrated in November.
In the past 7 days, the cumulative inflow of CEX has been 4799.61 BTC
On October 17, according to Coinglass data, a total of 4,799.61 BTC were inflowed into CEXs in the past 7 days, of which the top three CEXs in terms of inflow volume were as follows:
OKX，流入 4893.39 枚 BTC；
Coinbase Pro，流入 4107.72 枚 BTC；
Bitstamp，流入 2757.20 枚 BTC。
Data: 6 Hong Kong virtual asset ETFs traded around HK$12.85 million today
According to Hong Kong stock market data, as of the close, the turnover of 6 Hong Kong virtual asset ETFs today was about HK $12.85 million. Among them: ChinaAMC Bitcoin ETF (3042.HK) with a trading volume of HK$4.33 million; ChinaAMC Ether ETF (3046.HK) traded at HK$467,000; The trading volume of Harvest Bitcoin ETF (3439.HK) was HK$5.63 million; The trading volume of Harvest Ether ETF (3179.HK) was HK$77,000; Bosera HashKey Bitcoin ETF (3008.HK) traded at HK$2.09 million; The trading volume of Bosera HashKey Ethereum ETF (3009.HK) was HK$262,000.
The market is sucking blood, and Bankless predicts the trend of the top 10 altcoins
In October, the price of Bitcoin rebounded after a decline, and the Bankless analysis team predicted the movement of 10 altcoins, with a 70% win rate. Among them, the forecasts of Instadapp and Maple Finance are contrary to the actual trend. The analyst team is bullish on tokens such as dYdX, Jupiter, Thala, Aptos, and Axelar, believing that their product innovation and market demand will drive price increases. While bearish on coins such as Uniswap, Wormhole, EigenLayer, ether.fi, and Solana, as market challenges and valuation issues could lead to price declines.
From Helium to Blockcast: Challenges and Opportunities for the DePin Network
This article explores the potential of decentralized physical infrastructure networks (DePINs), specifically by repurposing legacy technologies to optimize data transfer. Although projects such as Helium faced challenges in terms of demand, their network construction was successful. Blockcast is trying to build a decentralized network through multicast technology to cope with the growing demand for data, especially during peak periods such as streaming and sporting events. This approach aims to reduce transmission costs and improve the overall efficiency of the Internet.
Vitalik Buterin：以太坊和 L2 将通过“The Surge”达到超过 100K TPS
Ethereum co-founder Vitalik Buterin, in the next step in his roadmap, "The Surge," has set a goal of achieving more than 100,000 transactions per second (TPS) and improved interoperability on the Ethereum mainnet and Layer 2 blockchains. He emphasized that Ethereum should be a unified ecosystem, noting that key issues such as data availability, data compression, and user experience need to be addressed. In addition, Buterin proposes to scale the Ethereum base chain by adjusting gas pricing and other things without sacrificing decentralization.
Bonk Launches BOON Trust: How Many Tokens Can Be "Locked"? What is the appeal to users outside the circle?
BONN, a meme token on Solana, performed strongly, rising 75x in market capitalization from $20 million to $1.5 billion. BONK burns tokens by charging bot service fees, and has burned more than $10 million in total. Today, Bonk launched the BONK ETP "Osprey BOONK Trust", which accepts accredited investors and aims to attract funds from outside the circle to buy and lock up positions. However, the trust has a management fee of 2.5% per year, and whether it is used to burn BONK or increase the price of the currency is not disclosed. There are tax benefits to purchasing a BONK trust through a 401K account, but be aware of liquidity constraints and the nature of memes. In the future, memes may turn to the direction of "moving from virtual to real" to maintain long-term "survival".