1. Institutional capital flows are significant, and ETFs are still waiting:
- Yesterday, Fidelity's Bitcoin ETF (FBTC) recorded a net inflow of $117.1 million, while ARKB (ARK Invest's Bitcoin ETF) was not to be outdone, with a net inflow of $97.6 million, indicating that market expectations and interest in Bitcoin ETFs remain high. However, the U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on the application for a spot Ethereum ETF, which failed to move forward as quickly as the market expected, which may affect short-term sentiment fluctuations.
2. Grayscale continues to focus on emerging assets in the market:
- Grayscale Investments is considering incorporating more crypto assets into its product line, including emerging tokens such as AERO, DOGE, and WLD. This move may promote these projects to gain wider institutional attention in the future, and also shows that Grayscale is actively adapting to the rapid changes in the market.
3. Large amount of capital movement:
- 8 hours ago, GSR Markets withdrew 25.4 million NEIRO from Bybit. This fund transfer may indicate that GSR Markets is adjusting its strategy or planning a new round of market activities.
4. Ripple founder donates to political forces:
- Ripple co-founder Chris Larsen donated $1 million in XRP tokens to a PAC supporting Harris. This funding may spark discussion and speculation in the community about Ripple's relationship with the political world in the future.
5. Trump family project updates:
- The Trump family crypto project WLFI announced its latest plan: the public sale will be open to whitelisted users on October 15. This may bring a new wave of capital inflows and investor attention to the market.
6. Federal Reserve policy trends:
- According to the latest data, the probability of the Fed cutting interest rates by 25 basis points (BP) in November is 95.6%, and the probability of not cutting interest rates is only 4.4%. This may mean that the market's expectations for interest rate cuts are highly consistent, and investors can make arrangements in advance to cope with the Fed's policy adjustments.
7. Exchange Closure Announcement:
- Cryptocurrency exchange Fairdesk announced that it will officially shut down operations on November 30. This is news that users on the platform need to pay close attention to, and it is important to process asset transfers as soon as possible.
8. The floor price of Bitcoin ecosystem NFT has risen across the board:
- NFT projects in the Bitcoin ecosystem have seen a general rise in prices, with Billy Cats’ 24-hour increase reaching 109.2%, indicating that the market’s interest in NFTs in the Bitcoin ecosystem is picking up.
9. Large transfers of ETH and LINK:
- Grayscale Ethereum Mini Trust Fund recently received 1,413 ETH, worth about $3.45 million. At the same time, Grayscale LINK Trust Fund also transferred 174,000 LINK to Coinbase Prime, worth about $1.87 million. These large transfers may mean that institutions are adjusting their investment portfolios.
Summarize:
The current market is in a stage where multiple factors are intertwined: ETF progress is slow, institutional funds are frequently flowing, and new projects are gradually being introduced to the market. For investors, paying close attention to market capital dynamics and policy changes will help them grasp investment opportunities and risks.
Please share your thoughts on these events in the comments section, or discuss possible future market trends! 🔍
