Investors are continuing to pour money into the cryptocurrency market, with crypto funds experiencing their best run of inflows since the 2021 bull market, according to a report by CoinShares. Investment vehicles holding cryptocurrencies saw $261 million of net inflows last week, marking six consecutive weeks of positive influx totaling $767 million. Bitcoin funds remain dominant, bringing in most of the inflows, while Ether funds saw their largest inflows since August 2022. The recent stretch of inflows signals rising demand for crypto assets among institutional investors.

According to a report released by CoinGecko, as of November 1, 2023, the top 14 listed Bitcoin mining companies hold a total of 38,903 Bitcoins, which is 0.18% of the maximum supply of 21 million Bitcoins. This is much lower than MicroStrategy's holdings of 152,333 Bitcoins. Marathon Digital, Hut 8 Mining Corp, and Riot Platforms are the top three listed Bitcoin mining companies with the most Bitcoins, holding a total of 30,401 BTC, which is 78% of the total Bitcoin holdings of leading mining companies. The top three Bitcoin mining companies hold over 3,000 Bitcoins each, while the remaining 11 companies hold less than 3,000 Bitcoins each, totaling 8,502 BTC.

Animoca Brands co-founder Yat Siu said that the market's enthusiasm for the expected launch of a Bitcoin spot ETF has not only pushed up the price of Bitcoin, but also reignited people's enthusiasm for blockchain games. Yat Siu said: "Token value is a way to build confidence in users and utility. This is not just about making money, but also about feeling confident about what you own." Yat Siu explained that measuring the growth and confidence of the GameFi sector can be done by closely monitoring on-chain activities. In addition, Yat Siu believes that if a spot Bitcoin ETF product is approved, it will have incredible benefits for the entire industry, increase the legitimacy of the industry, and attract a large amount of new investment from traditional financial institutions.

Bitcoin mining service company Luxor said that its upcoming Bitcoin hash rate support product should not be compared to the failed products of BlockFi or Celsius because Luxor's product returns come from proof of work (PoW) and not from a "Ponzi scheme". Luxor's product allows investors to provide Bitcoin as collateral to Luxor to obtain a portion of the loan repayment, and then Luxor lends it to other miners for their operations; returns are generated when hash rate is "locked" by purchasing it at a discounted price from Bitcoin miners and selling it at a higher price. The Bitcoin rewards from mining come from that hash rate. Luxor expects investor returns to be between 10% and 13%. This process will be managed through Luxor's upcoming hash rate market. (Cointelegraph)

Robert Kiyosaki has predicted that Bitcoin's price is going to reach $100,000. Michael Saylor is aiming for $1 million. Is it a good time to start buying?

According to data from the Hong Kong Stock Exchange, as of November 2, 2023, the asset management scale of Southern Dongying Bitcoin Futures ETF (HK:3066) has risen above $50 million and is currently $50.79 million. In addition, the asset management scale of Southern Dongying's Ethereum Futures ETF (HK:3068) is $8.63 million.

According to BTC.com, there are currently 123,330 unconfirmed transactions on the Bitcoin network, with a total network hash rate of 472.96 EH/s and a 24-hour transaction rate of 8.30 transactions/s.

Data shows that 161.74 BTC have flowed into exchange wallets in the past 24 hours, 7523.60 BTC have flowed into exchange wallets in the past 7 days, and 4145.07 BTC have flowed into exchange wallets in the past 30 days. As of the time of publication, the total balance of exchange wallets is 1,834,433.38 BTC.

MicroStrategy CEO Michael Saylor stated that Bitcoin provides an innovative strategy for enterprises to preserve capital and create shareholder value. He pointed out that companies can use Bitcoin to leverage their balance sheets and break free from the destructive cycle of expensive acquisitions, buybacks, dividends, and debt to achieve this goal. Michael Saylor stated that a major dilemma in today's market is the existence of the "Big Seven." According to him, these seven companies are creating all shareholder returns, while the other seven thousand companies are struggling to create shareholder value. MicroStrategy's secret is that they are leveraging their balance sheet and profit and loss (PnL). He pointed out that his company has over $5 billion in assets on its balance sheet, and Bitcoin is growing at three to four times the cost of capital.

The ratio of open interest to market capitalization (OI/MC) for Bitcoin perpetual contracts is still close to its annual low. This indicates that the recent price increase is driven by spot trading volume and suggests that there is more organic demand rather than leverage-driven effects from derivatives.

In October, Bitcoin miner income and Ethereum staking income showed a general increase, with Bitcoin miner income rising to $885 million, an increase of 17.4%, and Ethereum staking income increasing by 8.6% to a range of $125 million. In addition, in October, the Ethereum network destroyed 41,348 ETH, worth about $70.3 million, and since the implementation of EIP-1559 in early August 2021, Ethereum has destroyed about 3.67 million ETH, worth about $10.31 billion.

The number of Bitcoin nodes is rapidly increasing and currently stands at 16,128, approaching the 17 million mark. In April of this year, the number of Bitcoin nodes reached a historical high of 17,470 before declining, but it has gradually rebounded. Over the past two years, the number of Bitcoin nodes has increased by about 70%. During the bull market of 2021, the number of nodes remained around 10,000.

Bitcoin's recent strong performance at least in part is due to optimism regarding the imminent launch of multiple spot ETF products.

Data shows that within the past 24 hours, 4641.54 BTC have flowed into exchange wallets, within the past 7 days, 8325.89 BTC have flowed into exchange wallets, and within the past 30 days, 3948.46 BTC have flowed into exchange wallets. As of the time of writing, the total balance of exchange wallets is 1,834,994.95 BTC.

The core development team of CoW Swap has released a proposal draft that will add six months of fees to test which model is best suited for long-term adoption.

According to BTC.com data, the current number of unconfirmed transactions on the Bitcoin network is 161,098. The network hash rate is 460.72 EH/s, and the 24-hour transaction rate is 7.35 transactions per second. The current network difficulty is 62.46 T, and the next difficulty adjustment is predicted to increase by 1.91% to 63.66 T, which is 7 days and 22 hours away.

Market shows BTC has surpassed $35,000 and is currently trading at $35,019.9. The intraday increase has reached 1.34%, and the market is experiencing significant fluctuations. Please be prepared for risk management.

According to Whale Alert, a chain data tracking service, an unknown wallet starting with "36zSLd" transferred 10,000 BTC worth approximately $345,041,344 to Binance Exchange at around 4:15 am on November 4th.

According to BitInfoCharts data, a BTC whale trader transferred 7,000 BTC worth about $244 million to Bitfinex on Thursday evening. It is worth noting that the address had accumulated 46,500 BTC between November 2022 and January 2023 (becoming the world's 14th largest BTC holding address), with an average price per coin of less than $20,000. In late March and early April of this year, a total of 36,500 BTC was transferred to Bitfinex when the price was roughly near the year's high of around $30,000. Since then, the address has added another 2,000 BTC when Bitcoin fell to $26,000 in May. (CoinDesk)