1. Yesterday, the net inflow of Bitcoin spot ETFs in the United States reached $293.6 million. According to Trader T's monitoring, the net inflow of Bitcoin spot ETFs in the United States yesterday was $293.6 million, among which:
IBIT (BlackRock): + $206.25 million
FBTC (Fidelity): + $33.52 million
BITB (Bitwise): + $23 million
EZBC (Franklin): + $17.8 million
2. Data: BlackRock's Bitcoin ETF has become the third highest fund by inflow among all U.S. ETFs in 2024, reaching $26.174 billion.
According to CryptoSlate, BlackRock's iShares Bitcoin Trust (IBIT) has become the third highest fund by net inflow among U.S. ETFs year-to-date in 2024, attracting $26.174 billion.
As of now, IBIT's year-to-date return rate is 48.52%, with assets under management reaching $30.1 billion, surpassing many traditional ETFs in both net inflow and performance. Moreover, IBIT's year-to-date return rate is nearly twice the second highest return rate among the top ten funds by fund flow. However, IBIT's total assets under management (AUM) are more than ten times smaller than those of the other top four funds.
Just yesterday, on November 7, IBIT saw a net inflow of $1.1 billion in a single day, surpassing the annual inflow of all ETFs in the U.S. outside of the top 150. This significant inflow exceeded the total annual inflow of most of the approximately 3,300 ETFs in the U.S. market.
3. The U.S. SEC has once again postponed its decision on the listing of spot Ethereum ETF options on the New York Stock Exchange.
The U.S. SEC has once again postponed its decision on whether to approve the request for the listing of spot Ethereum ETF options on the New York Stock Exchange (NYSE).
The SEC stated in the filed documents that the delay is aimed at conducting more analysis and public opinion, particularly regarding whether the proposed rule changes comply with the requirements of the Securities Exchange Act.
The SEC emphasized concerns about the potential impact of the proposal on preventing market manipulation, protecting investors, and ensuring a fair trading system, which fall under the provisions of Section 6(b)(5) of the Securities Exchange Act.
4. BlackRock's Bitcoin ETF has surpassed its gold ETF in asset size in just 10 months.
According to Nate Geraci, president of The ETF Store, BlackRock's iShares Bitcoin ETF (IBIT) has surpassed its iShares Gold ETF (IAU) in asset size.
Geraci stated on social media: 'The assets of the iShares Bitcoin ETF (IBIT) have now surpassed those of the iShares Gold ETF (IAU). This achievement took only 10 months. In comparison, IAU was launched in January 2005. This development is absolutely astounding.'
Industry perspectives.
1. The Federal Reserve's mouthpiece: It is expected that the Federal Reserve will maintain rates slightly above neutral levels in the future.
The Federal Reserve's 'mouthpiece', Wall Street Journal reporter Nick Timiraos commented on the Federal Reserve's interest rate decision in November: 'The Federal Reserve decided to cut rates by 25 basis points on Thursday but released more uncertainty regarding the pace of further cuts, as it continues to work to prevent the significant rate hikes of the past two and a half years from dragging down the economy. In a similar timeframe, investors in the interest rate futures market are continuously lowering their expectations for the Fed's rate cuts over the next year.'
According to Citibank, they now believe that the Federal Reserve will lower interest rates to around 3.6% by 2026, compared to their previous estimate of 2.8% in September. Officials are trying to pull rates back to a more 'normal' or 'neutral' level that neither stimulates nor slows economic growth, but they are unsure what a normal rate is. Policies that promote economic activity or prices also lead officials to conclude that they should maintain a moderately restrictive rate stance. This means they will keep rates slightly above normal or neutral levels.
2. Bloomberg ETF analyst: The total holdings of Bitcoin spot ETFs in the U.S. have surpassed Satoshi Nakamoto's BTC holdings by 93%.
Senior ETF analyst at Bloomberg, Eric Balchunas, stated on social media, 'Bitcoin ETFs saw a net inflow of $1.4 billion yesterday, setting a new historical high (influenced by the 'Trump effect').
Among them, IBIT had a single-day inflow of $1.1 billion. The total inflow over the past month reached $6.7 billion, with year-to-date inflow of $25.5 billion. Approximately 18,000 Bitcoins were bought in a single day (compared to 450 Bitcoins mined that day), bringing the total holdings of Bitcoin spot ETFs in the U.S. to over 93% of the 1.1 million Bitcoins held by Satoshi Nakamoto.
3. Data: The total market capitalization of cryptocurrencies is $2.70 trillion, with BTC's market share at 55.8%.
According to CoinGecko data, the total market capitalization of cryptocurrencies is $2.70 trillion, with a 24-hour increase of 0.8%.
Additionally, BTC's market share is 55.8%, ETH's market share is 13.1%, and the Ethereum gas fee is 15.467 GWEI.
Industry hotspots.
1. The Sky forum has released a new SPK token economics proposal.
Sky (formerly MakerDAO) posted on X platform stating that the new SPK token economics proposal has now been published on the Sky forum, aimed at regulating the issuance of Star tokens, with the first Star token SPK expected to launch in the coming months.
It is reported that the initial issuance of Star tokens will last for 10 years, with half of the issuance occurring in the first two years, followed by a halving of the issuance rate every two years. Like all future Star tokens, the total supply of SPK will be 10 billion; of which 8 billion will be allocated to three types of recipients: USDS holders, activated SKY holders, and sealed SKY holders. SPK is expected to be issued first in the coming months; additionally, 1 billion will be allocated for liquidity incentives, and another 1 billion for contributor token grants, both of which will be managed by the governance teams of each Star token, rewarding based on milestones and performance, with liquidity tokens subject to transparency and reporting requirements.
2. Binance Labs announced investment in BIO Protocol.
According to The Block, Binance Labs announced an investment in the DeSci project BIO Protocol, with the investment amount undisclosed.
This investment marks the first investment by Binance Labs in the DeSci field. The BIO Protocol aims to leverage blockchain technology to change the financing and commercialization methods of early scientific research. Its platform enables scientists, patients, and investors globally to fund, develop, and co-own new drugs through a biotechnology DAO, addressing gaps in traditional scientific funding, particularly in areas such as rare diseases, longevity, and emerging health challenges.
3. DWF Ventures invests in DeFi solution provider XYZ.
According to FinanceFeeds, DWF Ventures announced an investment in DeFi solution provider XYZ, with the specific amount yet to be disclosed.
With this new investment, XYZ aims to expand its capabilities in the DeFi space, providing tools that facilitate lending and staking.
4. Layer1 blockchain developer Pharos completed an $8 million seed round financing, led by Lightspeed Faction and Hack VC.
Layer1 blockchain developer Pharos completed an $8 million seed round financing, led by Lightspeed Faction and Hack VC, with SNZ Capital participating as a strategic investor. Other investors include Dispersion Capital, Hash Global, Generative Ventures, MH Ventures, Zion, and Chorus One.
Pharos is a super-fast, EVM-compatible internet-level blockchain that enhances payments and applications through trustlessness and decentralization.
5. TRON USDC (Tron-Peg USD Coin) has officially launched.
According to official news from TRON, TRON USDC (Tron-Peg USD Coin) has recently been officially launched on the TRON network, aimed at meeting users' needs for stablecoin asset conversions between different blockchains.
It is reported that the TRON USDC is a stablecoin cross-chain tool designed on the TRON blockchain, collateralized by the Ethereum version of USDC, aimed at providing users with seamless interaction options with the TRON ecosystem, enabling the free conversion of USDC between Ethereum and TRON through cross-chain technology.
6. BNB Chain third quarter report: DeFi TVL increased by 2% to $4.85 billion.
Messari released the BNB Chain third quarter report, which noted that BNB Chain's Gas-Free Carnival has reduced transaction fees for stablecoins, and its TVL incentive program has now entered its fourth phase, aimed at attracting top projects to join the BNB chain. Other key data includes:
· DeFi TVL increased by 2% to $4.85 billion.
· NFT daily trading volume increased by 283%.
· BNB staking volume increased by 7% to 32.4 million BNB.
7. Messari report: Safe added 14 million new accounts in the third quarter, a quarter-over-quarter increase of 693%.
According to the State report released by Messari, the number of new Safe accounts in the third quarter reached a record high, with a total of 14 million new accounts created, a quarter-over-quarter increase of 693%, with most (93%) coming from the integration of World IDs in the World Chain.
Safe currently holds over $72 billion in assets, distributed across more than 25 million smart accounts, with Ethereum accounting for 84% of total assets. Safe has introduced a fee structure for native transactions in Safe {Wallet}, which is expected to bring in $1.7 million in annual revenue for SafeDAO. Active users on the Optimism chain account for 88%, but Ethereum handled 83% of Safe's transaction volume.
8. NFT project Rekt Drinks' parent company Rekt completed $1.5 million in seed round financing.
Rekt Brands Inc. (Rekt) is the parent company of the Rektguy NFT project Rekt Drinks and the Rekt brand intellectual property, announcing the completion of $1.5 million in seed round financing. This financing was fully funded by angel investors and the community (with no venture capital involvement).
It is reported that Rekt Brands Inc. is the parent company of the Rektguy NFT project Rekt Drinks and the Rekt brand intellectual property. The brand originated from artist Ovie Faruq (OSF)'s Rektguy NFT series and has since expanded into consumer goods and community equity models. Rekt aims to redefine brand ownership and engagement through its Web3 foundation, innovative products, and global community.
9. MANTRA: OM airdrop query is now open and airdrop details have been announced.
The RWA public chain MANTRA has opened OM airdrop queries and announced airdrop details. The total airdrop amount is 50 million OM, of which 60% of the airdrop is allocated to KARMA mainnet pre-task participants, 12% to Galxe Season 1 event participants, 8% to ATOM stakers to MANTRA nodes, 4% to Bad Kids NFTs holders, 4% to Celestine Sloth NFT holders, 3.5% to Pudgy Penguins NFTs holders, and 3.5% to testnet validators.
MANTRA stated it has changed the previous '3-month cliff period, followed by initial liquidity allocation and 9 months of linear unlocking' to 'shortening the cliff period to 1 month, followed by 11 months of linear unlocking.'
Bitcoin ecosystem.
1. UniSat plans to purchase 200,000 FB from the open market to fund liquidity pool rewards for future rounds on PizzaSwap.
UniSat posted on social media stating that before the end of the first round, UniSat will purchase 200,000 FB from the open market to fund liquidity pool rewards for future rounds on PizzaSwap.
These FB will be stored in a public treasury address. Starting from the fourth round, liquidity pool rewards will be distributed from this public treasury. Rewards from the first to third rounds will continue to be distributed from Fractal community grants.
2. Stacks co-founder: A new entity Bitcoin L2 Labs has been established and has secured $20 million in funding.
Muneeb Ali, co-founder of the Bitcoin Layer 2 network Stacks, posted on X platform: “We have established a new Stacks entity 'Bitcoin L2 Labs' and secured $20 million in funding, focusing on core development. Adriano DiLuzio (formerly a member of Algorand Labs) will serve as CTO and lead the development of Stacks core and SBTC.
3. The Bitcoin L2 interoperability layer Map Protocol completed a $1 million strategic financing, with Gryps participating.
The Bitcoin L2 interoperability layer Map Protocol completed a $1 million strategic financing, with Gryps participating, and the new funds will be used to advance the functionality of Bitcoin Layer 2 solutions.
It is reported that MAP Protocol was established in 2019, utilizing ZK light client technology as a gateway for developers and users within the Bitcoin ecosystem.
Solana ecosystem.
1. Data: SOL's market capitalization has once again surpassed BNB, becoming the fourth largest cryptocurrency by market cap.
According to CoinGecko data, SOL rose nearly 6% in the past 24 hours, currently priced at $199.24, with a market capitalization exceeding $94 billion, reaching $93,946,886,618, surpassing BNB ($87,804,310,919) to become the fourth largest cryptocurrency by market cap.
Previously, on July 26, SOL's market capitalization surpassed BNB, becoming the fourth largest cryptocurrency by market cap.