Category: crypto

Ethereum ETFs experienced $81.44 million in net outflows on Oct 29, following two days of inflows. Fidelity’s FETH saw the largest outflow, while BlackRock’s ETHA had the only positive inflow. Technical indicators suggest weakening bullish momentum, with ETH needing to close above $4,000 to regain strength or risk dropping to $3,850 or $3,750.

Securitize partners with BNY Mellon to launch a tokenized fund offering exposure to AAA-rated collateralized loan obligations. BNY Mellon will safeguard the fund’s assets, while Grove plans to anchor the fund with a $100 million allocation. This initiative expands the trend of RWA tokenization, following other similar projects in the market.

Hong Kong regulators have stopped five public companies from switching to digital asset treasury models to prevent inflated valuations. Securities and Futures Commission (SFC) is considering new guidelines for companies holding cryptocurrencies. Concerns arise about the risks and potential losses for retail investors in trading digital asset treasuries due to inflated share prices. Regulatory challenges…

YZi Labs, led by Changpeng Zhao, made its first AI investment by funding VideoTutor, an AI video education startup founded by Kai Zhao. The $11 million seed funding round included major venture capital firms. VideoTutor aims to provide personalized AI-driven lessons. YZi Labs has also recently invested in projects like USD.AI and Opinion.

Pi Network Ventures has made its first investment in OpenMind, a company developing a decentralized OS for robots. OpenMind is building OM1, an OS for robots, and FABRIC, a protocol for secure collaboration. A proof-of-concept experiment with Pi Network’s nodes showed the network can handle AI workloads. OpenMind plans to expand their development with Pi…

Ethereum co-founder Vitalik Buterin sold 275 trillion CAT tokens for $14,216 on Lifi Diamond, continuing his trend of offloading unsolicited memecoins sent to his wallet. He also received SPURDO and TWOGE tokens this week. The broader crypto market remains bearish, with Ethereum trading below $4,000 and $812 million liquidated in 24 hours.

SpaceX has transferred 281 BTC, worth $31.28 million, to a new wallet on October 30, marking its third major Bitcoin move in ten days. The total October movements amount to over $432 million, suggesting internal restructuring rather than selling activity. The assets remain in cold storage rather than being liquidated.

The crypto market saw $825 million in liquidations in the past 24 hours, mainly from long positions. Altcoins like Bitcoin and Ethereum dropped in value, leading to a 1.6% decrease in the market cap to $3.8 trillion. The crash was driven by post-Fed rate cut uncertainty, excessive leverage, and fading investor momentum despite new ETF…

Binance Wallet has partnered with Bubblemaps to provide on-chain analytics to its non-custodial Web3 Wallet users. Bubblemaps V2 allows users to visualize token distribution, wallet clusters, and historical token movements. The platform has previously uncovered suspicious activity in high-profile crypto incidents, enhancing transparency for traders.

Brazil’s central bank is considering adding Bitcoin to its official reserves, following a legislative proposal for a $19 billion Bitcoin reserve. This initiative will be discussed at the Central Banking Autumn Meetings in Rio de Janeiro, where other countries like Germany, the Philippines, and Pakistan are also considering Bitcoin as a national reserve asset.