Lookonchain monitoring shows that MicroStrategy has transferred 1652 BTC to a new wallet. MicroStrategy currently holds 252,220 BTC (worth $15.56 billion) with an average purchase price of $39,266 per BTC, resulting in an unrealized profit of $7.65 billion.
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12:00-21:00 Keywords: USDC, central bank, Bitfarms
Berkshire Hathaway's cash reserves exceed $300 billion;2. This week, the US Bitcoin ETF purchased over $2.2 billion worth of BTC;3. The central bank's Lu Lei: The closer Bitcoin is to assets, the further away it is from widely circulated currency;4. The circulation of USDC has increased by about 300 million in the past 7 days;5. Forbes: In October, the volatility of Tesla, AMD, and Nvidia stocks was higher than that of Bitcoin;6. Bitfarms will deploy 10,000 miners in Pennsylvania;7. The current probability of predicting Trump's victory in the US presidential election is 57.5%;8. MicroStrategy transferred 1652 BTC to a new wallet. #binancepizza

On October 31st, CZ stated in an interview at the main venue of the Binance Blockchain Week in Dubai that "he cannot predict the future, but can analyze history. From a historical perspective, Bitcoin has gone through a very clear four-year cycle. 2013 and 2017 were bull markets. However, in fact, 2012 was a "recovery year" that many people did not trace back that far. 2016 was also a "recovery year", and 2017 soared all the way. 2020 is also a "recovery year", and 2021 is a bull market. So based on existing analysis, 2024 should also be a "recovery year". As for what will happen next year, it is not clear, but in the long run, he is still very optimistic about the entire industry."
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Florida's Chief Financial Officer Jimmy Patronis has recommended diversifying the state's retirement fund into cryptocurrencies, but has expressed concerns about government overreach through central bank digital currencies. The state already holds around $800 million in crypto-related investments in its portfolio. Patronis believes that this figure could grow further under a Trump administration. Ripple's upcoming stablecoin is set to launch in the coming weeks, according to CEO Brad Garlinghouse.
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On October 31st, the host asked CZ at the Binance Dubai Blockchain Week whether Giggle Academy will involve Web3 or blockchain in the future and whether there will be any airdrop activities. CZ said, "In the short term, I don't want to involve new tokens. Therefore, we may support all other existing tokens, such as Bitcoin, Ethereum, BNB, and so on. They are establishing incentive mechanisms for the system to enable tokens to operate normally. But we may not need to issue our own tokens."
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Dr. Xiao Feng, Chairman and CEO of HashKey Group, delivered a keynote speech entitled "On-Chain" and "In-Chain" at SmartCon 2024 today, stating that traditional and crypto financial markets will achieve interoperability through stablecoins (Payfi, which is a fiat-tokenized stablecoin), ETFs (off-chain securitization of crypto assets), RWA (on-chain tokenization of traditional assets), and STO (tokenization of on-chain Web3 business), all of which will be carried out by licensed and compliant institutions (on-chain storage, lending, and trading).
Dr. Xiao stated that "On-Chain" mainly involves three ways: Web2 (data on-chain), DePIN (device on-chain), and DeFi (asset on-chain). On-chain is a path for users to embrace greater value rather than a goal. HashKey's recently released Ethereum L2 public chain, HashKey Chain, will build a compliant-friendly and innovation-encouraging ecosystem, allowing traditional finance and Web3 users to share the infinite possibilities and values brought by blockchain technology and applications.
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On October 31, 2024, a public opinion poll conducted by venture capital firm Paradigm showed that 5% of American voters consider themselves to be single-issue cryptocurrency voters, and 20% of respondents said they currently hold or have purchased cryptocurrency.
Paradigm pointed out that the 5% of voters who support cryptocurrency as a single issue are more than twice as many in swing states such as Pennsylvania, Michigan, and Wisconsin, where election results are decided by a narrow margin of 1-2%.
The poll also found that 30% of respondents now believe that the Republican Party is more trustworthy in terms of cryptocurrency policy, while 24% believe the Democratic Party is more trustworthy. However, 42% of cryptocurrency voters said they do not trust either side when it comes to cryptocurrency regulation.
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Whale Alert monitoring shows that a dormant address holding 20 BTC (about $1,460,630) was just activated after 13.3 years.
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documents submitted by social media website Reddit to the US Securities and Exchange Commission (SEC) show that most of their cryptocurrency investment portfolio was sold in the third quarter, including previously held Bitcoin and Ethereum that were used for financial reserves. Reddit stated: "We sold most of our cryptocurrency investment portfolio, mainly including Bitcoin and Ethereum. The net book value of the held cryptocurrency and the proceeds from the sale are irrelevant." Although the amount of cryptocurrency sold is unclear, the time of sale was in the third quarter ending on September 30th.
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According to Chainalysis analyst Yu Jin, as reported by Jinse Finance, the US BTC spot ETF has seen a net inflow of $4.73 billion in the past 13 trading days. The ETF has been buying an average of $363 million worth of BTC per day. With the influx of $4.73 billion in ETF funds, the price of BTC has risen from $60,500 to a high of $73,600. Meanwhile, the spot ETF inflow for ETH was only $60.87 million during the same period, which is only 1.28% of BTC.
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According to Cointelegraph, Jimmy Patronis, the Chief Financial Officer of Florida, hopes that the institution managing the state's retirement fund will consider investing in Bitcoin, making it the third state to use retirement funds to invest in Bitcoin.
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On October 29th, Binance announced the launch of Binance Wealth, the first cryptocurrency exchange technology solution aimed at wealth managers. Binance Wealth allows wealth managers to supervise the process guidance of their new clients and provide investment advice, giving their new clients strong support while retaining complete control, similar to traditional wealth management.
Binance Wealth was designed by Binance's globally leading team of cryptocurrency and traditional financial experts, greatly reducing the entry barriers for wealth managers and their high net worth clients seeking to invest in cryptocurrency assets. Catherine Chen, head of Binance VIP and institutions, said: "As global investors recognize the potential of cryptocurrency assets, we are responding to the demands of wealth managers and their clients, seeking a more relaxed solution to access cryptocurrency. Unlocking capital inflows is the key to making cryptocurrency assets mainstream, but for a long time, the private wealth sector has lacked traditional infrastructure for accessing cryptocurrency. Binance Wealth will lower the entry barriers for more market participants to enter this new asset class and help bridge the gap between cryptocurrency and traditional finance."
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according to Lookonchain monitoring, BlackRock bought 4,528 BTC ($322.68 million) yesterday and held 408,253 BTC ($29.09 billion) as of October 28.
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