Uptober Forming Amid Rising Stablecoin Liquidity and Bitcoin Transactions

10/22 12:18

Wechat scan to share

CoinDesk's daily newsletter, First Mover, featured an article on the current state of crypto markets. The article highlights the formation of "Uptober" due to increasing stablecoin liquidity and Bitcoin transactions. Ether ETFs experienced significant outflows, while Bitcoin broke the $64K mark and gold prices soared. The ETH/BTC ratio hit its lowest point since April 2021, leading to speculation on whether Bitcoin is losing its bullish momentum. The CoinDesk 20 Index saw a decrease of 1.73%.

Comments

All Comments

Recommended for you

CointimeSG · 05/09 10:10

FEC has secured a major sponsorship at Nexus2140: AI·Web3·Ecom Global Expo, to joinly create a new vision for tech-driven consumer transformation

Let Nexus2140 be the launchpad where FEC and global partners co-create a new chapter in technology-enabled commerce. Seize the momentum of innovation and unlock boundless potential in the digital economy.
Mint Blockchain · 05/09 09:45

Mint Blockchain × Chainlink Strategic Partnership: Empowering Cross-Chain Innovation

We are thrilled to announce the strategic partnership between Mint Blockchain and Chainlink, the industry-leading decentralized oracle network.
Jesse Hamilton · 05/09 09:45

Senate Votes Against Advancing Stablecoin Bill, Delaying Process as Trump Concerns Fester

Last-minute Democrat objections led to a failed vote to move into debate on a top crypto industry legislative priority to regulate dollar-based tokens.
cointelegraph · 05/09 09:43

Germany seizes $38M in crypto from Bybit hack-linked eXch exchange

The $38 million crypto seizure from Bybit hack-linked eXch was the third-largest crypto confiscation in the history of Germany’s federal criminal police.
Ciaran Lyons · 05/09 07:49

Ether clocks ‘insane’ 20% candle post Pectra — a turning point?

Ether has surged following the Pectra hard fork, with analysts suggesting a growing number of long positions could signal a turnaround for the asset.
Stephen Moore · 05/09 07:47

SEC’s Crenshaw slams Ripple settlement, warns of ‘regulatory vacuum’

US Securities and Exchange Commission Commissioner Caroline Crenshaw says if approved, the settlement with Ripple would join the long line of dismissals that is slowly eroding the credibility of SEC lawyers in court.
cointelegraph · 05/08 08:30

60K Bitcoin addresses leaked as LockBit ransomware gang gets hacked

“Don’t do crime CRIME IS BAD xoxo from Prague,” the hackers wrote as they gave the LockBit ransomware gang a taste of their own medicine.
The Block · 05/08 07:15

Arizona becomes second US state to enact crypto reserve bill

Arizona Governor Katie Hobbs signed House Bill 2749 into law on Wednesday.The bill enables the integration of crypto assets into Arizona’s unclaimed property framework by establishing a crypto reserve fund.
Stephen Moore · 05/08 07:14

US banks can handle customer crypto assets held in custody, regulator confirms

StarkWare general counsel Katherine Kirkpatrick Bos said the OCC has shifted its approach and now appears to favor a focus on integrating crypto within banking frameworks.
BRAYDEN LINDREA · 05/08 02:38

Binance founder CZ asked Trump to pardon money laundering conviction

Binance founder Changpeng Zhao confirmed he applied for Donald Trump to pardon his money laundering conviction after denying earlier reports that he’d done so.