Crypto Briefing | October 21
1) $BTC is nearing a one-week high!!! The market is hovering just above $83,000. A rebound in Asian tech stocks has brought back some risk appetite—and honestly, things have been pretty limp these past few days, so it’s nice to see a bit of fight today, haha.
2) Musk’s crew is making big moves again: SpaceX and Tesla have each formed special committees to discuss a merger. Together, they hold over 30,000 BTC (worth around $2.5 billion). If this actually happens, it would put a ton of BTC into one super-tech conglomerate. Let’s not get carried away, but the narrative is explosive!!!
3) Stablecoins are quietly taking off: A Coinbase-commissioned report says Q3 transfer volume reached around $891 billion, more than four times the level at the start of 2023. Seven of America’s ten biggest banks are already testing stablecoin or tokenized-deposit settlements. Supply hasn’t grown much, but usage is getting a lot more frequent~
4) Flows still favor BTC: U.S. spot BTC ETFs saw about $23 million in net inflows on Tuesday, cooling off noticeably after Monday’s big haul. ETH ETFs continued to see net outflows of around $26 million, marking five straight days of withdrawals. Institutions are still picking their spots—maybe give ETH a little more time, haha.
Overall: The market is warming up and the narratives are explosive, but don’t get carried away chasing the highs. Tonight, keep an eye on the Solana Alpenglow mainnet cutover (around 21:20), and whether Meta’s earnings after the U.S. market close stir up AI/tech sentiment again~ Stay sharp, folks!!!
$BTC $ETH
#加密快报 #Crypto
1) $BTC is nearing a one-week high!!! The market is hovering just above $83,000. A rebound in Asian tech stocks has brought back some risk appetite—and honestly, things have been pretty limp these past few days, so it’s nice to see a bit of fight today, haha.
2) Musk’s crew is making big moves again: SpaceX and Tesla have each formed special committees to discuss a merger. Together, they hold over 30,000 BTC (worth around $2.5 billion). If this actually happens, it would put a ton of BTC into one super-tech conglomerate. Let’s not get carried away, but the narrative is explosive!!!
3) Stablecoins are quietly taking off: A Coinbase-commissioned report says Q3 transfer volume reached around $891 billion, more than four times the level at the start of 2023. Seven of America’s ten biggest banks are already testing stablecoin or tokenized-deposit settlements. Supply hasn’t grown much, but usage is getting a lot more frequent~
4) Flows still favor BTC: U.S. spot BTC ETFs saw about $23 million in net inflows on Tuesday, cooling off noticeably after Monday’s big haul. ETH ETFs continued to see net outflows of around $26 million, marking five straight days of withdrawals. Institutions are still picking their spots—maybe give ETH a little more time, haha.
Overall: The market is warming up and the narratives are explosive, but don’t get carried away chasing the highs. Tonight, keep an eye on the Solana Alpenglow mainnet cutover (around 21:20), and whether Meta’s earnings after the U.S. market close stir up AI/tech sentiment again~ Stay sharp, folks!!!
$BTC $ETH
#加密快报 #Crypto