【October 5 early morning recap | Uptober kicks off strong, geopolitical shadows not yet gone】
Weekend market "money flows back while risks coexist":
📈 BTC spot ETFs saw net inflows of $134 million last Friday; Uptober’s first day turned slightly green. In September, the month pulled in $2.65 billion, the second-highest since October 2025. JPMorgan estimates BTC production costs at about $85,000, and the risk of miners’ selling pressure has clearly decreased.
🌍 Iran refuses to reopen the Strait of Hormuz, and US-Iran talks are stuck in a stalemate. Supply concerns in oil could continue to provide a safe-haven premium for BTC.
⚠️ Caution: EU regulators are investigating Binance’s use of a "reverse solicitation" approach to onboard European clients without an MiCA license, and near-term compliance pressure on BNB is rising.
🔥 Public chain side: $SOL ’s Q3 application revenue was $365 million, leading for ten straight quarters. $ETH surged 70% in Q3, the best performance since 2021. LINK CCIP 2.0 went live, with $15 billion in assets migrating.
NFA | DYOR
#BTC #Uptober #比特币ETF #Solana #Crypto Recap
Weekend market "money flows back while risks coexist":
📈 BTC spot ETFs saw net inflows of $134 million last Friday; Uptober’s first day turned slightly green. In September, the month pulled in $2.65 billion, the second-highest since October 2025. JPMorgan estimates BTC production costs at about $85,000, and the risk of miners’ selling pressure has clearly decreased.
🌍 Iran refuses to reopen the Strait of Hormuz, and US-Iran talks are stuck in a stalemate. Supply concerns in oil could continue to provide a safe-haven premium for BTC.
⚠️ Caution: EU regulators are investigating Binance’s use of a "reverse solicitation" approach to onboard European clients without an MiCA license, and near-term compliance pressure on BNB is rising.
🔥 Public chain side: $SOL ’s Q3 application revenue was $365 million, leading for ten straight quarters. $ETH surged 70% in Q3, the best performance since 2021. LINK CCIP 2.0 went live, with $15 billion in assets migrating.
NFA | DYOR
#BTC #Uptober #比特币ETF #Solana #Crypto Recap