According to BlockBeats, on April 10th, an estimated net outflow of approximately 270 BTC from ETF custody addresses is expected after the opening of the US stock market. This prediction is based on the monitoring of on-chain data by analyst Yu Jin.

The outflow is primarily from Grayscale (GBTC), which is expected to see an outflow of about 2,245 BTC, equivalent to a capital outflow of $154 million on April 9th. On the other hand, the remaining ten ETFs are expected to see an inflow of approximately 1,975 BTC, equivalent to a capital inflow of $136 million on April 9th.

The main inflow is expected to be from BlackRock (IBIT), with an inflow of 1,865 BTC, approximately equivalent to $128 million. Currently, the ten BTC spot ETFs collectively hold 839,112 BTC, approximately equivalent to $57.89 billion.

On Apr 10, 2024, 09:28 AM(UTC). According to Binance Market Data, BNB has crossed the 590 USDT benchmark and is now trading at 591.400024 USDT, with a 1.90% increase in 24 hours.

On Apr 10, 2024, 10:19 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,500 USDT and is now trading at 3,496.600098 USDT, with a 3.57% decrease in 24 hours.

According to CryptoPotato, Bitcoin's recent surge in value has experienced a setback, with the cryptocurrency falling below $70,000 and even dipping under $69,000 in the last 24 hours. Other cryptocurrencies, known as altcoins, have also seen a decrease in value, with significant price drops from BCH, DOT, DOGE, ICP, RNDR, WIF, and APT.

Last week, Bitcoin saw a substantial price drop, reaching a multi-day low of $64,500. However, the bulls intervened, resulting in a $5,000 surge on Thursday. After a correction the following day, Bitcoin began to regain value over the weekend, increasing back to $69,000. Despite overcoming the $70,000 level on Monday and reaching a four-week high of over $72,500, Bitcoin began to lose value gradually. The early morning Asian trading session today saw another decline, pushing Bitcoin to under $68,500.

Currently, Bitcoin is trading around $69,000. Its market capitalization has fallen to $1.360 trillion, and its dominance over other cryptocurrencies stands at just over 50%.

Apart from BNB, TON, and XRP, most other larger-cap altcoins are in the red today. These three have seen gains between 1-3%, while ETH has dropped by 2.5%, and SOL has lost 1.5% of its value, similar to AVAX and SHIB. More significant losses have been seen from DOGE (-3%), ADA (-3%), DOT (-3%), and BCH (-6%). The most notable price declines are from WIF (-11%), APT (-11%), RNDR (-6.5%), ICP (-6.5%), STX (-5%), and NEAR (-5.3%).

As a result, the cumulative market cap of all cryptocurrencies has lost over $40 billion in a day and more than $80 billion since Monday's peak.

According to Foresight News, First Digital, a digital asset custody institution under Hong Kong financial services company Legacy Trust, has announced its plans to expand its FDUSD token to Sui. The current market value of FDUSD is approximately $3 billion.

The FDUSD token is issued in accordance with Hong Kong's digital asset rules. It is backed by US Treasury bonds and bank deposits to maintain its price anchored at $1. The expansion of the FDUSD token to Sui is a significant move for First Digital and the broader digital asset market.

According to Foresight News, First Digital, a digital asset custody institution under Hong Kong financial services company Legacy Trust, has announced its plans to expand its FDUSD token to Sui. The current market value of FDUSD is approximately $3 billion.

The FDUSD token is issued in accordance with Hong Kong's digital asset rules. It is backed by US Treasury bonds and bank deposits to maintain its price anchored at $1. The expansion of the FDUSD token to Sui is a significant move for First Digital and the broader digital asset market.

Fellow Binancians,
Binance Margin has added AS Roma Fan Token (ASR), Atletico de Madrid Fan Token (ATM), FIO Protocol (FIO), Juventus Fan Token (JUV) and Wanchain (WAN) as new borrowable and collateral assets on Cross and Isolated Margin, as well as new BTC, FDUSD and USDC trading pairs on Cross and Isolated Margin.
Cross MarginIsolated MarginNew Trading PairsASR/USDT, ATM/USDT, ENA/BTC, ENA/FDUSD, FIO/USDT, JUV/USDT, LTC/USDC, NEAR/USDC, WAN/USDTASR/USDT, ATM/USDT, ENA/BTC, ENA/FDUSD, JUV/USDTNew Borrowable AssetsASR, ATM, FIO, JUV, WANASR, ATM, JUVNew Collateral Assets
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Notes:
Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
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Binance Team
2024-04-10