Original author: Koala, Mars Finance
Morgan Stanley holds $272.1 million worth of spot Bitcoin ETF
Morgan Stanley holds $272.1 million worth of spot Bitcoin ETFs, according to the latest filings with the U.S. Securities and Exchange Commission (SEC).
Solv Launches Bitcoin Staking Token on Solana
Solv told Cointelegraph on Oct. 17 that the company plans to stake tokens on Solana to attract BTC holders as the digital currency’s yield opportunities continue to grow. New BTC yield options in the Bitcoin network’s emerging ecosystem of second-layer scaling chains (L2) and decentralized finance (DeFi) protocols are forcing projects on other networks, such as Ethereum and Solana, to compete for BTC liquidity.
AI bot truth_terminal pushes Meme coin GOAT to nearly $300 million in market value
Last week, the AI robot truth_terminal pushed the market value of the meme coin GOAT to nearly $300 million, and its public crypto wallet held more than $500,000 in crypto assets, becoming the first AI robot that could become a millionaire. truth_terminal comes from the AI development project Infinite Backrooms, which was developed by Andy Ayrey. Ayrey said he is not a cryptocurrency enthusiast and was surprised by the results of the experiment.
truth_terminal attracts attention by spreading religious and spiritual themes and converts attention into money by promoting Meme Coin. This phenomenon reveals the revenue problem of the AI industry, and Meme Coin provides a solution.
Data: Spot Bitcoin ETFs have received inflows for 4 consecutive days, with funds reaching $20 billion
Data shows that spot Bitcoin ETFs have received cumulative inflows of $20.26 billion since the product was launched in the United States on January 11. In the past four days alone, about $1.64 billion flowed into 11 ETF products from ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex and Franklin Templeton.
It is worth noting that on October 16, BlackRock, the world's largest asset management company, received daily inflows of US$393.4 million, the highest level since July 22 (US$526.7 million).
Anonymous cryptocurrency trader Crypto Lord told his 344,500 X followers that they are “not optimistic enough” while noting that the Bitcoin ETF’s breakout above $20 billion marks the “fastest growth in ETF history.”
BlackRock bought 10,126 BTC in two days, with a total holding of 380,972
Lookonchain monitoring shows that BlackRock bought 5,802 BTC yesterday, equivalent to about $390.2 million. In the past two days, BlackRock has bought a total of 10,126 BTC worth $681 million.
Currently, BlackRock's holdings have reached 380,972 BTC, worth approximately US$25.62 billion.
Orderly Network to integrate Solana, becoming the first full-chain order book platform supporting both EVM and non-EVM
On October 17, Orderly Network announced that it will integrate and deploy the Treasury with Solana, becoming the first full-chain order book platform that supports both EVM and non-EVM. This breakthrough allows users from different public chains to trade perpetual contracts through Orderly Network's unified cross-chain shared order book. As a leading decentralized trading infrastructure provider, Orderly Network's total trading volume recently exceeded US$83 billion. It currently covers multiple mainstream blockchains, including Arbitrum, Base, Mantle, Ethereum Mainnet, Optimism, and Polygon. The platform provides traders and decentralized trading platforms with more than 50 trading markets, achieving full-chain integrated liquidity and trading infrastructure. After the successful deployment of the Treasury on Solana, Solana users can now deposit assets on the Orderly platform and trade with counterparties on other supported chains without cross-chain, enjoying a unified on-chain order book experience. The testnet has been integrated and the mainnet is expected to be integrated in November.
In the past 7 days, a total of 4799.61 Bitcoins have flowed into CEX
On October 17, according to Coinglass data, a total of 4,799.61 BTC flowed into CEX in the past 7 days. The top three CEXs in terms of inflow are as follows:
OKX, inflow of 4893.39 BTC;
Coinbase Pro, inflow of 4107.72 BTC;
Bitstamp, inflow of 2757.20 BTC.
Data: Today’s trading volume of 6 Hong Kong virtual asset ETFs is about HK$12.85 million
Hong Kong stock market data shows that as of the close, the transaction volume of 6 Hong Kong virtual asset ETFs today was about HK$12.85 million. Among them: China Asset Bitcoin ETF (3042.HK) had a transaction volume of HK$4.33 million; China Asset Ethereum ETF (3046.HK) had a transaction volume of HK$467,000; Harvest Bitcoin ETF (3439.HK) had a transaction volume of HK$5.63 million; Harvest Ethereum ETF (3179.HK) had a transaction volume of HK$77,000; Bosera HashKey Bitcoin ETF (3008.HK) had a transaction volume of HK$2.09 million; Bosera HashKey Ethereum ETF (3009.HK) had a transaction volume of HK$262,000.
The market is sucking blood, Bankless predicts the trend of 10 major altcoins
In October, Bitcoin price experienced a rebound after a decline. The Bankless analysis team predicted the trend of 10 altcoins with a winning rate of 70%. Among them, the predictions of Instadapp and Maple Finance were opposite to the actual trend. The analysis team is bullish on tokens such as dYdX, Jupiter, Thala, Aptos and Axelar, believing that their product innovation and market demand will drive prices up. However, they are bearish on tokens such as Uniswap, Wormhole, EigenLayer, ether.fi and Solana, because their market challenges and valuation issues may lead to price declines.
From Helium to Blockcast: Challenges and Opportunities of DePin Network
This article explores the potential of decentralized physical infrastructure networks (DePINs), specifically to optimize data transmission by repurposing older technologies. Projects such as Helium have been successful in building networks despite challenges with demand. Blockcast is attempting to build a decentralized network through multicast technology to cope with the growing demand for data, especially during peak times such as streaming and sporting events. This approach aims to reduce transmission costs and improve the overall efficiency of the Internet.
Vitalik Buterin: Ethereum and L2 will reach over 100K TPS through "The Surge"
Ethereum co-founder Vitalik Buterin set a goal of achieving more than 100,000 transactions per second (TPS) and improving interoperability on the Ethereum mainnet and layer 2 blockchains in the next step of his roadmap, "The Surge". He emphasized that Ethereum should become a unified ecosystem and pointed out the need to solve key issues such as data availability, data compression and user experience. In addition, Buterin proposed to expand the Ethereum base chain by adjusting gas pricing without sacrificing decentralization.
Bonk launches BONK Trust: How many tokens can be “locked”? What is the appeal to non-circle users?
The Meme token BONK on Solana has performed strongly, with its market value rising 75 times from $20 million to $1.5 billion. BONK burns tokens by charging Bot service fees, and has burned more than $10 million in total. Today, Bonk launched the BONK ETP "Osprey BONK Trust", which accepts qualified investors and aims to attract outside funds to purchase and lock positions. However, the trust has an annual management fee of 2.5%, and whether it is used to destroy BONK or increase the price of the coin has not been disclosed. Purchasing a BONK trust through a 401K account can enjoy tax benefits, but you need to pay attention to liquidity restrictions and the nature of Meme. In the future, Meme may turn to the direction of "de-virtualization and real" to maintain long-term "survival".
