🔄MicroStrategy buys 27,200 $BTC more, currently "earning a profit" of 10.7 billion USD
📌In the latest announcement on the evening of November 11, 2024, software company MicroStrategy said that in the period from October 31 to November 10, 2024, it used 2.03 billion USD in cash to buy 27,200 more Bitcoins at an average price of about 74,463 USD per coin.
📌MicroStrategy's latest Bitcoin purchases were made using the proceeds from the issuance and sale of Class A common stock under agreements signed in August 2024 lasting until October 2024 with a series of partners.
📌Thus, billionaire Michael Saylor's company has increased its total Bitcoin holdings to 279,420, with an average purchase price of $42,692 per BTC, representing an increase of nearly 11% compared to the 252,220 BTC recorded at the end of October. 📌MicroStrategy's total Bitcoin portfolio is currently recording a profit of nearly $10.9 billion, equivalent to a profit rate of 90.95% from the initial capital of $11.9 billion.

💸#Bitcoinmining difficulty surpasses 100 trillion hashes for the first time
➕According to data from blockchain tracker Mempool, Bitcoin (BTC) mining difficulty has reached an all-time high of 101.65 trillion hashes, representing a 17.6% increase over the past 6 months since the last statistics.
➕Along with the mining difficulty, the Bitcoin network's hashrate also hit a new peak when it surpassed 800 EH/s, at times "leaping" to 840.07 EH/s on October 21, 2024.
➕This high hashrate is largely reinforced by Chinese miners. This country of a billion people currently controls nearly 60% of the global hashrate, followed by the US with 31.1% market share.
➕At the moment, miners are mining about 450 Bitcoins per day. On average, miners have to sell 100% of the total amount of Bitcoins mined, which means there is selling pressure equivalent to about 31 million USD every day.

⭐According to data from Farside Investors, US Bitcoin ETFs ended the trading session on October 30 with inflows of up to $893.3 million, the second-best performance ever, behind only the record of $1.045 billion on March 12. 💫The biggest driver still came from BlackRock's IBIT fund, which received inflows of up to $872 million, setting a new record since it began trading in January.
$BTC #BTC

▶️US Government Hacked, Losing $22 Million in Crypto $BTC
➕According to on-chain statistics unit Arkham Intelligence, a cryptocurrency wallet believed to be owned by the US government has had $22 million in crypto withdrawn for unknown reasons.
➕Specifically, on October 24, this crypto wallet suddenly recorded activity after 8 months of dormancy when it transferred assets to a new wallet. This wallet then transferred funds to an address marked by Arkham as “Binance Deposit”.
➕In total, the amount withdrawn includes nearly half a million USD ETH, 2.5 million USDT and more than 19 million USDC. Currently, the hacker's wallet still holds $13.1 million in assets.
➕Arkham said the address 0xc9E6E51C7dA9FF1198fdC5b3369EfeDA9b19C34c has evidence of being owned by the US government because it received funds from nine addresses holding US government assets, including money seized from the Bitfinex hack.

▶️BlackRock “shouldered” Bitcoin ETFs last week with a total inflow of nearly $1 billion
➕According to data from Farside Investors, US Bitcoin ETFs ended the trading session on October 26 with an inflow of $402 million, bringing the total inflow for the week to $997.6 million.
➕The biggest contributor in the past trading sessions was certainly BlackRock's IBIT fund, which recorded a weekly inflow of $980 million, accounting for 98% of the inflow. Since October 14, IBIT has had 10 consecutive trading sessions with inflow, with a total purchase value of up to $2.1 billion in Bitcoin.
➕BlackRock’s “destructive” performance even overshadowed the outflow of other ETFs last week, helping 11 US BTC ETFs have a third consecutive week of net inflow in October, following the success of the previous week with inflows of up to $2.1 billion. ➕BlackRock’s buying pressure on October 26 even increased compared to the previous day, despite the news that stablecoin company Tether may be under investigation by the US government. However, things may change on October 28 when the US stock market reopens, with a high possibility of seeing reactions to the news of Israel’s retaliation against Iran, which took place after the market closed on October 25.

▶️Bitcoin ETFs Record Negative Cash Flow After 7 Consecutive Positive Days
➕According to data from Farside Investors, US Bitcoin ETFs ended the trading session on October 22 (US time) with negative cash flow of $79.1 million, breaking the previous 7-day streak of consecutive inflows.
➕Notably, ARK Invest just led the inflows in the trading session on October 19, but on October 22, this fund suddenly became the fund with the largest outflow with a figure of up to $134.7 million, topping the 12 ETFs.
➕Meanwhile, BlackRock's IBIT fund led with the largest inflow, reaching $42.98 million. Following was Fidelity's FBTC fund with an inflow of $8.85 million, while VanEck's HODL fund recorded an additional $3.82 million in inflow. Notably, the remaining 8 ETFs, including Grayscale's GBTC fund, did not have any changes in cash flow on the day.
➕The trading session on October 22nd brought the total net cash flow value of 12 Bitcoin ETFs down to $21.15 billion. The total trading volume of the funds also decreased, to only $1.4 billion compared to $1.76 billion the previous day.
➕Previously, Bitcoin ETFs in the US attracted more than $2.67 billion in cash flow in a series of 7 consecutive days of growth, equivalent to the highest level in March 2024. In particular, BlackRock's IBIT fund collected about $1.5 billion during this period, contributing to the strong growth of Bitcoin, pushing BTC price above $69,500 on October 21st.

🔴Cash flow returns, ETFs $BTC saw $2.13B inflow this week
➕At the end of the trading session on October 18, statistics of US Bitcoin ETFs had inflows of $273.7M, the 6th consecutive day of inflow.
➕Leading yesterday were ARK Invest with inflows of $110M and BlackRock's IBIT with $70.4M.
➕This week, all ETFs had no outflows, inflows of +$2.13B.
The leaders were still BlackRock with $1.14B, ARK with $306.1M, FBTC with $318M.
➕This is the 4th best week since Bitcoin ETFs began trading, the best week being March 11-15 ($2.57B inflow) when BTC was at its all-time high. The current selling pressure from GrayScale is also gone.
💥We are about to witness history.

🔥Silently and quietly, Base has now become L2 top 1 based on TVL ($2.5B)
The number of active addresses has reached 1.52M, the number of daily transactions on Base has reached 5.9M times, far exceeding Optimism and Arbitrum.
The number of transactions/trading volume is also not very meaningful when MMs can use bots for wash-trading.
Defi on Base, Aerodome accounts for 1/2 of TVL ($1.3B) with a huge trading volume.

🔴Tesla Moves All $770 Million 💸Bitcoin to New Wallet Address
➕In a series of transactions made in the early morning of October 16 (Vietnam time), Tesla moved a total of 11,509 BTC, worth about $770 million, to 7 new wallet addresses, according to data from Arkham.
➕The purpose of this asset transfer is still unclear, leading to many speculations that billionaire Elon Musk's company is preparing to sell some BTC in preparation for the upcoming Q3/2024 financial report next week.
➕Tesla in February 2021 made a $1.5 billion investment in Bitcoin and accepted BTC payments at a time when the world's largest cryptocurrency was trading in the $28-30,000 range. The company then liquidated 75% of this amount in mid-2022 as the crypto market tanked, but has continued to hold the rest to this day.
➕In early 2024, on-chain data analytics firm Arkham claimed to have tracked down all the Bitcoin wallet addresses owned by companies controlled by Elon Musk, showing Tesla holding 11,509 BTC, while SpaceX held 8,285 BTC, equivalent to $553 million.
➕This is the next notable transaction by a major Bitcoin holder in the crypto market, following the German government's $3 billion BTC liquidation in July and billion-dollar transactions to repay BTC debts from Mt. Gox in August.

🔥US PPI Inflation Data for September 🇺🇸
- PPI Y/Y 1.8% (Forecast 1.6%)
- PPI M/M 0% (Forecast 0.1%)
- Core PPI Y/Y 2.8% (Forecast 2.6%)
- Core PPI M/M 0.2% (Forecast 0.2%)
- Falling energy prices dragged the PPI basket down, but the services component still increased.
🔶The hopeful Q3 earnings season has sent the US stock market into a ecstatic green, with the S&P 500 up 0.61% to 5,815, Dow Jones +0.97% to 42,864, hitting a new ATH.
This has pushed BTC up sharply, erasing the decline of the previous 2 days.

▶️According to data from Farside Investors, US Bitcoin ETFs recorded strong inflows on the trading day of October 11 (US time), with inflows reaching $253.6 million. ▶️Leading the way was Fidelity's FBTC fund with inflows of $117 million, followed by ARK Invest's ARKB with $97.6 million. However, BlackRock's IBIT fund did not record any fluctuations after experiencing its 5th outflow in history on October 10.

🟠After $DOGS is $MDOGS - a project that has just launched on Telegram:

🚨Although it is not a tap2earn game with a unique storyline, its simplicity has attracted 18 million participants.

🚨You just need to press start and wait to receive airdrop, there is an auto-staking feature with 100% APY. Do social tasks to increase points. TGE is expected to launch soon.

👉🏻Join link here: https://t.me/money_dogs_bot/money_dogs?startapp=q4Oat3L2

🚨Mdogs's X page with 800K followers: @MoneyDogs_house

▶️EigenLayer investigates the case of an investor "stolen" 1.6 million EIGEN, revealing that there was no token vesting contract?

✨Late on October 4, the EigenLayer community was in an uproar when Lookonchain discovered that a whale wallet had dumped 1,673,645 EIGEN via MetaMask at a price of around $3.3, while this amount of tokens was received from the EigenLayer team's own wallet.
✨That means, this whale is one of the early investors, or "family wallet", the project team's wallet that received such a huge amount of tokens. However, according to EigenLayer's tokenomics, the project has only just opened the EIGEN airdrop transfer. The investor's and VC fund's tokens are both locked, and will be unlocked in September 2025.
✨This incident not only makes the community doubt the security of EigenLayer but also question why the token that was originally locked can be sold without any obstacles? Because while the token must be locked by smart contract vesting, which is inherently designed by any project to manage the distribution, vesting according to tokenomics?

📌Market sentiment is being weighed down by rumors that FTX will return assets tomorrow. I have searched all over the sources but there is no official announcement from FTX about whether they will pay in crypto or fiat. ➡️The only thing that is certain is that it will be paid in small amounts, not all at once.

▶️Tomorrow, October 1st, 💧SUI will unlock 64.19M tokens (~2.40% of total supply). At current prices, this unlock is worth approximately $106M. Specifically, the allocation to the funds is as follows:
✨Series A: 19.84M $SUI ($32.93M)
✨Series B: 19.32M $SUI ($32.07M)
✨Early contributors: 10.34M $SUI ($17.16M)
✨Mysten Labs: 2.07M $SUI ($3.44M)
✨Community Reserve: 12.63M $SUI ($20.96M)

Top trending hashtag on X right now 😂😂

☑️Ethena Launches Stablecoin UStb Backed by BlackRock's BUIDL Fund
🟢Ethena's new stablecoin UStb is claimed to be a completely independent product from USDe, and is expected to invest its reserves in BlackRock's BUIDL fund.
🟢On the evening of September 26, 2024, Ethena (ENA) announced that it is preparing to launch a new stablecoin product called UStb, developed in collaboration with BlackRock's real-asset tokenization platform Securitize.
🟢According to the announcement, UStb is designed to function similarly to traditional stablecoins and is expected to invest its reserves in the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) on the Ethereum network.
🟢Ethena Labs' stablecoin USDe is pegged to its value through an arbitrage mechanism. USDe differs from traditional stablecoins in that:
🔖Using derivative insurance strategies (delta-hedging, also known as Delta Neutral Trading Strategy) to mitigate depeg risks, instead of relying on fiat currencies or real assets.
🔖Using crypto assets as collateral, such as ETH, BTC, Solana... with a creation and redemption system based on price differences to maintain a fixed 1 USD.
🔖USDe generates yield through a "cash-and-carry" strategy, allowing users to lock ETH or ETH liquid staking tokens to issue USDe, thereby paying ETH staking interest and funding rate futures to holders.
📌Operates in the DeFi ecosystem, but USDe's collateral and operations involve centralized exchanges (CEX) and third-party custodians.

🪙New updates on Ethereum's Pectra upgrade
📌According to the latest updates, the first Pectra part will include the following changes:
🔴EIP-7251 (MaxEB): Increases the maximum ETH staking limit for Validators.
🔴EIP-7702 (upgrade of EIP-3074): Helps improve the wallet experience for users.
🔴Changes to the time required for deposits, withdrawals and exits of Validators.
📌For the Fusaka part (ie the second Pectra part), the changes will include:
🔴EOF (standard formats in the Ethereum system)
🔴PeerDAS will be prioritized for testing on devnet.
🔴Because of the split of Pectra into two parts, changes to the Verkle data tree structure will be moved to the next hard fork, Amsterdam.
📌Ethereum founder Vitalik Buterin believes that it is necessary to quickly deploy the EIP-7623 upgrade (to increase the calldata fee) in parallel with increasing the current parameters related to blobs. Specifically, the maximum blob level per block will be increased from 6 to 8 and the blob target level will be increased from 3 to 4. 📌Specifically, increasing the calldata fee will open more space in the block, thereby helping to add to the number of DA blobs without affecting the overall performance of the entire network too much. 📌However, representative Tim Beiko said that the above proposal is still under discussion and has not been officially added to the Pectra upgrade.

🐹Hamster Kombat - the most "lost" airdrop in tap2earn history?

📌On September 26, 2024, the HMSTR token of the 58th Binance Launchpool project, Hamster Kombat, was officially listed on most major and minor exchanges.
📌One day before the listing, Hamster Kombat airdropped to 131 million eligible users out of a total of 300 million registrations to participate in the game since its launch this summer.
📌According to the previous announcement of the development team, Hamster Kombat will:
⭐️ Set aside 60% of the total supply (equivalent to 60 billion HMSTR tokens) to airdrop to players in this first allocation. However, only 88.75% of the tokens will be received on the day of TGE. The remaining 11.25% of tokens will be locked and undergo a 10-month vesting process, with withdrawals expected in July 2025.

✨ 15% of tokens will be allocated for the second airdrop.
✨ The remaining 75% will be allocated to:
🔖Liquidity 4%.
🔖Binance Launchpool 3%.
🔖Team 8%.
🔖Marketing 4%.
🔖Partnerships and sponsorships 6%.

🟢Despite being one of the most anticipated token rewards events of the year, the project's distribution strategy has drawn fierce criticism.
🟢Because many players said they spent nearly half a year experiencing the game, but after listing the official trading price around 0.01 USD, the effort over the past time only brought in about 10 - 30 USD, a number too small compared to the statement "this will be the biggest airdrop in the history of cryptocurrency".