Analysis
Bitcoin’s price spiked, and ETF inflows are on a tear as “Uptober” just gets started.
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Investments News
Investing in cryptocurrency is a high-risk/high-reward activity, whether that entails day-trading in the open market, buying into institutional investment funds or investing in particular blockchain enterprises.
In recent years, the blockchain space has attempted to disrupt venture funding and investment through a particularly powerful use case in crowdfunding. An influx of hype and amateur investment reached a peak during the 2017 to 2018 initial coin offering, or ICO, bubble in which projects raised billions of dollars in return for assets of questionable value or utility, quickly putting the industry in the sights of the United States Securities and Exchange Commission and similar regulatory authorities.
There is ongoing discourse on and experimentation in how to fund open-source protocol development that doesn’t involve the traditional route of venture capital and that better aligns the incentives of all stakeholders, from the developers to the users.
Seeing where investment capital is going in the space can provide a gauge of market sentiment around industry trends and potential high-growth areas.
- News
Takaichi’s election may have a “material impact” on the governance and regulatory perception of crypto assets in Japan, experts told Cointelegraph.
1694 - News
Inflows to crypto funds have topped last year’s total, with Bitcoin dominance slipping at $30 billion while Ether and altcoins surge.
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The UK has lifted its four-year ban on crypto exchange-traded notes, with analysts predicting the move could grow the UK crypto market by 20%.
2572 - Altcoin Watch
Despite XRP’s dip below $3, strong whale accumulation, ETF optimism and bullish technicals suggest a rebound is brewing.
3309 - News
The massive whale previously rotated about $5 billion worth of Bitcoin into Ether after holding the BTC stash for seven years.
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BNB Chain traders made millions on new memecoins going parabolic, with one turning $3,500 into $7.9 million amid a surge in onchain trading activity.
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Ethereum’s validator exit queue has increased to a record $10 billion, but institutional participants, such as Grayscale, are stepping in to replace the exodus.
3124 - Market Analysis
Bitcoin’s rally was fueled by record ETF inflows, tightening exchange supply and robust derivatives activity, highlighting institutional demand and room for further upside.
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Grayscale staked $150 million in Ether after launching the first US crypto ETPs offering staking rewards, ahead of key SEC altcoin ETP deadlines this month.
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NYSE parent company, Intercontinental Exchange, has invested $2 billion in the crypto prediction market Polymarket at a $9 billion valuation.
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Streamex shares surged over 20% as the company announced a pre-sale for GLDY, a gold-backed stablecoin offering 4% yield and targeting institutional investors.
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The decentralized AI network has already been used to achieve breakthroughs in cancer gene research and therapy by the Broad Institute of MIT and Harvard.
1879 - Altcoin Watch
USDT dominance dropped as a key altcoin market capitalization metric rose to $1.18 trillion, hinting that a cautiously brewing altseason may be next.
2423 - Market Analysis
Billionaire Paul Tudor Jones said US financial markets are far from bubble territory, citing fiscal imbalances as fuel for risk-on assets like Bitcoin and growth stocks.
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