🇺🇸 Critical wait for Bitcoin ahead of U.S. elections! Bitcoin is trading around $77,400 ahead of the U.S. midterm elections, with investors focusing on political uncertainty. The market anticipates increased volatility following the election results. #BTC
🚨 AI is threatening Circle’s revenues! Mizuho has lowered its price target for Circle, issuer of USDC, from $45 to $43. According to the bank, AI agents could direct users toward higher-yielding financial products, leading to: - Outflows of up to $9 billion from USDC. - A 10–20% reduction in Circle’s reserve revenues.
Soneium, the Ethereum Layer 2 network backed by Japanese tech giant Sony, has decided to launch its own token. The launch date and tokenomics details for SONEIUM have not yet been disclosed.
Bitcoin ETFs recorded net inflows after two weeks 📈 During the week of October 19–23, net inflows of $309 million flowed into spot $BTC ETFs, while spot $ETH ETFs experienced net outflows of $221 million. As a result, Bitcoin ETFs ended the week on a positive note, halting a two-week streak of net outflows.
The "crypto whale" wanted on a Red Notice was apprehended in Istanbul. U.S. citizen Richard James Schueler, who is alleged to have committed a $1 billion cryptocurrency fraud in the U.S. and Finland and for whom INTERPOL issued a Red Notice, was arrested in an operation conducted in Istanbul.
China has announced plans to establish a national blockchain network. As part of its new economic plan released on October 9, the Chinese government aims to build a nationwide blockchain network and integrated computing infrastructure. The plan seeks to enhance data security, streamline financial transactions, and accelerate digital transformation across industries. However, cryptocurrency trading remains prohibited on mainland China, and the announced plan includes no decision to lift bans on Bitcoin or other cryptocurrencies. China continues to invest in blockchain technology without permitting cryptocurrency trading.
BlackRock’s new token initiative: BlackRock has developed three distinct strategies enabling investors to hold a diversified portfolio of assets through a single token for Ondo. The strategies focus on: • High Income • Diversified Growth • High Growth Under the new model, investors can hold a single token representing the entire portfolio, rather than purchasing individual stocks and bonds separately. The tokenized portfolios are designed to be transferable between wallets, usable as collateral, and integrable with other financial products in the future. The total market size of this portfolio model is approximately $9.8 trillion. Traditional portfolio management is gradually moving onto the blockchain.
Notable crypto predictions from Standard Chartered: ▪️ $ENA: End of 2028 → $2 ▪️ $ARB: End of 2030 → $10 ▪️ $SKY: 2028 → $0.325 ▪️ $LINK: 2030 → $200 The bank forecasts an approximately 8x increase from current levels for Ethena’s $ENA token by the end of 2028, as it initiates its investment coverage.
