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Missed the news today? Here’s our top news from the last 24 hours. 👇 🔸 $USDC's market cap grew over 45% this year 🔹 Canary Capital files for a spot #Solana ETF 🔸 Robinhood reports crypto trading volume is up 112% 🔹 MicroStrategy: $42 BILLION raise to buy $BTC 🔸 NYSE seeks to list the Grayscale crypto index ETF 🔹 MrBeast investigated for possible crypto insider trading 🔸 Bitwise CIO: “We're going above $100K on #Bitcoin” 🔹 US Treasury shares "Digital Assets and the Treasury Market" report 🔸 Microsoft shareholders have started preliminary voting for Bitcoin investing 🔹 Bitcoin’s hashrate reaches a new ATH
🚨 Blackrock Buys 8820 #Bitcoin image
😀 🙃 😀 Coinbase’s Q3: Volume Tanks, ETH Slumps, & Regulatory Shadows Linger Coinbase drops Q3 earnings Wednesday, and the numbers could sting. Analysts say revenue could be down 13% this quarter - spot trading’s drying up, and the usual catalysts just aren’t kicking in. ETH had a brutal quarter, down about 24% from Q2, hitting Coinbase’s staking game unforgivingly. With the U.S. election adding uncertainty, trading volume outside North America surged 61% in Q3, while Coinbase’s EPS is forecast to hover around $0.46. Nevertheless, their stock’s up 30% YTD but still 21% down from its March high. Source: CoinDesk
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$IBIT traded $3.3b today, biggest number in 6mo, which is a bit odd bc btc was up 4% (typically ETF volume spikes in a downturn/crisis). Occasionally tho volume can spike if there a FOMO-ing frenzy (a la $ARKK in 2020). Given the surge in price past few days, my guess is this is latter, which means look for (more) big inflows this week. We'll see tho! ~ Eric Balchunas image
The 350 million citizens of the Eurozone just experienced a new all-time high for #bitcoin: €67,443. image
Median U.S. new home price just hit a record low of 6.09 BTC. Housing is becoming more affordable across America. image