Market Trends & Cryptocurrency Performance - Crypto majors are mixed and consolidating; Bitcoin holds steady at $123,000, Ethereum down 2% at $4,380 [1] - ZCash soared 38%, leading crypto movers, up over 140% in two weeks due to Grayscale access and Naval support [1] - Memecoin leaders are mostly down; DOGE -4%, Shiba -4%, PEPE -6% [1] Institutional Investment & Adoption - Luxembourg sovereign wealth fund invested 1% of its assets into Bitcoin ETFs [1] - BTC ETFs saw $440 million in net inflows, marking an 8-day inflow streak; ETH ETFs also maintained an 8-day streak with $69 million in inflows [1] - NYSE-listed DayDayCook raised $124 million targeting a 10,000 BTC treasury [1] Technology & Platform Developments - Jack Dorsey's Block rolled out Bitcoin merchant payments with Square, enabling businesses to accept BTC and convert sales [1] - Jupiter teamed with Ethena to launch JupUSD stablecoin on Solana [1] - Coinflow raised $25 million to expand stablecoin payments, aiming for faster merchant settlement [2] NFT Market - NFT leaders were mostly down; Punks even at 48.4 ETH, Pudgy -1% at 9.4 ETH, BAYC even at 8.81 ETH [2] - Punk Strategy experienced volatility, dropping to $100 million then rebounding to $180 million before settling at $140 million [2]
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TylerD 🧙♂️·2025-10-09 12:27