● BTC price rebounds to $67,000, whale holdings reach all-time high
According to Cointelegraph, Bitcoin (BTC) price quickly rebounded above $67,000, rising 3% from the previous low of $65,200. Despite recent pullbacks, BTC whale holdings have reached new highs, indicating long-term optimistic expectations.
CryptoQuant's Bitcoin researcher BaroVirtual pointed out that current whale holdings have reached a historical high of approximately 670,000 BTC. Whale holdings have been on the rise since 2024 and surpassed the historical peak from 2020 in July.
● Analysis: Bitcoin price needs gold's upward momentum to pause to break historical highs
According to PANews quoting CoinDesk's analysis, to understand when Bitcoin (BTC) might reach an all-time high, investors should pay attention to gold price trends.
Data from 2020 shows that once the bullish momentum of gold weakens, Bitcoin is likely to surge to new highs. In August that year, gold reached an all-time high, and Bitcoin followed in December.
Since April 2024, Bitcoin's price has fluctuated between $50,000 and $70,000, with various cryptocurrencies and macro factors limiting its upward potential. Meanwhile, gold prices have surged over 20% this year, reaching highs above $2,700, with an annual increase of 37%. Silver prices rose by 43% and approached $35 this Tuesday, hitting a 12-year high. This trend is similar to the 2020 scenario where gold led Bitcoin higher, suggesting that if gold's momentum stalls, it may boost Bitcoin demand.
In the past seven trading days, inflows into gold ETFs exceeded 1 million ounces, setting a record high since October 2022. During the same period, inflows into U.S. Bitcoin ETFs reached $2 billion, with net inflows for iShares Bitcoin Trust at $1.7 billion.
According to Sui Chung, CEO of crypto index provider CF Benchmarks, 60% of the recent inflows into Bitcoin are directional holdings, while 40% are basic trading.
● MicroStrategy's stock price hits all-time high
According to BlockBeats, on October 24, monitoring by Trader T indicated that MicroStrategy's stock price briefly rose by 7.5%, reaching an all-time high of $230.
● U.S. spot Bitcoin ETF on-chain total holdings exceed 1 million BTC
According to Foresight News, on-chain data from Dune shows that the total holdings of the U.S. spot Bitcoin ETF have exceeded 1 million BTC, currently reaching about 1.04 million BTC, accounting for 5.26% of the current BTC supply, with on-chain holdings valued at approximately $69.1 billion.
● U.S. initial jobless claims drop to 227,000 for the week ending October 19
According to Odaily Planet Daily, the initial jobless claims in the U.S. for the week ending October 19 amounted to 227,000, the lowest since the week of September 28, 2024, with an expectation of 242,000, and the previous value revised from 241,000 to 242,000.
The four-week moving average for initial jobless claims in the U.S. for the week ending October 19 was 238,500, revised from the previous value of 236,250 to 236,500.
The number of continuing jobless claims in the U.S. for the week ending October 19 was 1.897 million, with an expectation of 1.875 million, and the previous value revised from 1.867 million to 1.869 million.
● Federal Reserve's Harker: Inflation has significantly eased but has not reached target levels
According to Odaily Planet Daily, Federal Reserve's Harker stated that inflation has significantly eased but has not yet returned to target levels, and the Fed has not indicated that 'the inflation mission is accomplished.'
Binance CEO Richard Teng posted on X platform stating: 'We are deeply relieved and grateful that Tigran Gambaryan has finally been released after nearly eight months of detention in Nigeria. During this difficult time, Tigran demonstrated tremendous resilience, and we appreciate his perseverance in such harsh adversity. We also sincerely thank everyone who put in countless efforts for Tigran's release during this period. Tigran's health and well-being have always been our top concern, and we are grateful that he can now receive urgently needed medical care and rest with his family. Binance will continue to work with global regulators to ensure compliance and transparency in the ever-evolving digital asset space. We hope to put this incident behind us and continue working towards a bright future for the global blockchain industry. Nigeria has a young, tech-savvy population and a strong interest in digital finance, with the potential to leverage blockchain technology to address economic and social challenges. We look forward to playing a constructive role in this effort.'
● Binance Labs announces investment in Moonwalk Fitness to promote gamification of fitness
According to Binance blog news, Binance Labs announced an investment in Moonwalk Fitness, a fitness app combining gamification and financial incentives aimed at promoting a healthier lifestyle. The app allows users to achieve daily step goals through step challenges and reward mechanisms, enabling them to earn real value. Moonwalk Fitness operates on the Solana blockchain, simplifying the complexity of crypto technology for non-crypto users. The platform plans to use this investment to accelerate product development and expand to more health activities, attracting participation from the general market.
Binance Labs Investment Director Max Coniglio stated, 'Moonwalk Fitness promotes healthy living through gamification and financial incentives while showcasing the practicality of blockchain. We are excited to support such an early innovative project that promotes the adoption of Web3.'
According to Odaily Planet Daily, Fox Business reporter Eleanor Terrett posted on X platform stating, 'Today, Ripple will submit its Form C (civil appeal documents), outlining its main appeals against the U.S. SEC case to the Second Circuit Court. Given that we saw last week that the SEC appealed almost all the content it lost at the district court level, Ripple expects to appeal only on the one matter it lost: that the district court ruled that the XRP tokens sold by its institution constituted the sale of unregistered securities.'
● Arkham: U.S. government address suspected of theft, losses reach $20 million
According to Odaily Planet Daily, monitoring by Arkham indicates that a wallet controlled by the U.S. government has allegedly been hacked, containing funds seized during the 2016 Bitfinex hack, resulting in a loss of $20 million from that address.
The attackers sent the funds to a wallet starting with '0x348', which includes USDC, USDT, aUSDC, and ETH. The hackers have begun to convert stablecoins into ETH and launder the money through addresses possibly related to money laundering services.
Previous reports indicated that the U.S. government address (Bitfinex seized funds) withdrew $6.57 million worth of stablecoins from Aave early this morning. The funds were transferred to an address starting with '0x348', which then exchanged about 5.45 million USDC for 2135.27 ETH.
