RT Token Terminal 📊 (@tokenterminal)🟣⛓️ ICYMI: The AUM of @BlackRock BUIDL on @0xPolygon is up by ~10x in the past two weeks. https://t.co/azw7bi5e59 ...

"I studied it, learned about it, and I came away saying, okay, you know, my opinion of 5 years was wrong."- BlackRock CEO Larry Fink on Bitcoin https://t.co/QIQ9CKkyDf ...

🔺⛓️ ICYMI: The AUM of @BlackRock BUIDL on @avax is up by ~10x in the past two weeks. https://t.co/w2sp4KKWsv ...

Core Insights - Coinbase reported Q3 revenue of approximately $1.9 billion, exceeding expectations, with transaction revenue reaching $1.0 billion, indicating a strong rebound in spot volumes [2][3] - BlackRock's iShares Bitcoin Trust (IBIT) experienced significant outflows, with $290.8 million withdrawn in one day, reflecting market volatility [5][6] - REX Shares launched a new ETF that capitalizes on volatility in equities, including crypto companies, positioning it as a feature rather than a drawback [7] Coinbase Performance - Q4 has started strong for Coinbase, with October transaction revenue already at $385 million [3] - The company has expanded its asset offerings from about 300 to over 40,000 assets in the U.S. through DEX integrations [4] - Coinbase's focus on increasing available assets and launching CFTC-regulated 24/7 perpetual futures has contributed to its revenue growth [4] BlackRock's IBIT - IBIT accounted for nearly half of the Bitcoin ETF category's outflows on a day when Bitcoin spot ETFs lost a total of $488.4 million [5] - Despite the outflows, IBIT has a cumulative net inflow of over $88 billion in assets under management, indicating strong long-term adoption [6] REX Shares Strategy - REX Shares is known for unconventional ETFs and its latest product treats volatility in equities, including those of crypto companies, as a beneficial feature [7]

Ethereum Ecosystem TVL & Market Cap - Ethereum ecosystem TVL has established a floor for ETH's market cap during market downturns [1] - Since 2020, Ethereum's ecosystem TVL grew 16x from $24 billion to $379 billion, while ETH's market cap increased 11x from $47 billion to $502 billion [2] - Ethereum's ecosystem TVL provided visible support at progressively higher levels during the 2022 bear market and April 2025 correction [2] Key Market Sectors & Leading Projects - Three market sectors account for 93% of Ethereum's ecosystem TVL: stablecoin issuers ($189 billion), lending ($82 billion), and liquid & restaking ($73 billion) [3] - Tether has 85% market share among stablecoin issuers, Aave has 62% market share in lending, while Lido & EigenLayer control 73% of the liquid staking category [3] - Capital continues to accumulate in projects that provide users with deep liquidity and battle-tested security [3] Potential for Growth - Ethereum's current ecosystem TVL of $379 billion represents a small share of the market cap of TradFi assets that could be tokenized [4] - BlackRock manages $13.5 trillion in assets, with only $2.9 billion onchain, while Fidelity manages $6.4 trillion, with only $231 million on Ethereum [5] - A 10x increase in ecosystem TVL on Ethereum could be seen over the next few years if institutions follow through on their stated intentions of bringing assets onchain [5] - ETH could see a substantial rerating if more assets are tokenized on Ethereum and the correlation between ecosystem TVL and ETH's market cap continues to hold [5]

RT Teddy Fusaro (@teddyfuse)Thank you Solana community for making BSOL the number one crypto ETF in America last week by flows unseating BlackRock’s Bitcoin ETF. ...

Core Insights - The consumer staples sector has remained relatively flat year to date, contrasting with a 15%-plus return for the S&P 500, making it appealing for value investors seeking passive income [1] - The sector includes a diverse range of companies such as household and personal products, retailers, grocery stores, food distributors, non-alcoholic beverages, tobacco, spirits, and consumer packaged goods [3] - Consumer staples tend to be resilient during economic downturns, as demand for essential products remains stable, although consumers may shift to generic brands to save costs [4] Sector Performance - Many leading companies in the consumer staples sector are facing low organic growth, declining sales volumes, and resistance to price increases due to consumers' focus on value amid rising living costs [5] - The sector has underperformed growth stocks in recent years, but low-cost sector ETFs provide an accessible investment avenue for those looking to capitalize on a potential recovery in consumer spending [8] Investment Opportunities - Consumer staples ETFs, such as the Consumer Staples Select Sector SPDR Fund and the Vanguard Consumer Staples ETF, offer a diversified investment strategy, allowing investors to benefit from a recovery in consumer spending while generating passive income [6] - The Consumer Staples Select Sector SPDR Fund, managed by State Street Global Advisors, has $16.1 billion in net assets, making it significantly larger than Vanguard's ETF and BlackRock's iShares U.S. Consumer Staples ETF, which has $1.3 billion [7]

cme bitcoin futures basis at 1.98%, lowest since mid-2023. below 2% marked the exact top in may 2021 before 50% correction. blackrock ibit saw first major outflow at $149.3m yesterday after 10 months straight inflows. us institutions distributing into offshore and defi rotation. basis below 3% means no arbitrage profits left, no reason to hold futures over spot. last time this happened btc dropped to 0.618 fib within 8 weeks. ...

Ecosystem Growth & Adoption - Sei Network 10 月份专注于全球扩张、企业采用和机构发展势头 [1] - Sei 成为了 TVL 效率排名第四的生态系统，与 Solana、Hyperliquid 和 Ethereum 并列 [3] - Sei 链上 DEX 累计交易量超过 100 亿美元 [3] - Sei 月活跃地址超过 1300 万 [3] Institutional Investment & Partnerships - Laser Digital (日本最大投资银行的子公司) 在 Sei 上推出了代币化的 LCF 基金 [2] - Apollo (一家管理 8400 亿美元资产的管理公司) 通过 Securitize 扩展到 Sei [3] - Hamilton Lane (一家管理 9860 亿美元资产的管理公司) 在 Sei 上推出了代币化的 SCOPE 基金 [3] - BlackRock 的 ICS 美元流动性基金通过 KAIO_xyz 在 Sei 上线 [3] - Brevan Howard 的代币化 Master Fund 在 Sei 上线 [3] Product Development & Expansion - Morpho (一个价值超过 120 亿美元的借贷市场) 将其通用借贷网络引入 Sei [3] - SIP-3 (仅限 EVM) 钱包升级上线，为 Sei Giga 铺平了道路 [3] - YeiFinance 通过 CLO 代币启动了 TGE，标志着生态系统的重大扩张 [3] Market Access & Recognition - SEI 在 Robinhood 上市 [3] - REX Shares 和 Osprey Funds 向 SEC 提交了 Form N-1A，申请推出 staked SEI ETF [3]

Investment Allocation - BlackRock's allocation to Avalanche (AVAX) is $554 million, surpassing Aptos ($544 million) and Polygon ($530 million) [1] - BlackRock reduced Ethereum exposure by 60% to increase investment in Avalanche [1] Market Trends & Tokenization - BlackRock's early investment suggests positioning ahead of an anticipated $2 trillion in tokenized assets by 2028 [1] - The movement of $10 trillion in Assets Under Management (AUM) indicates a strategic move beyond infrastructure testing [1] Technology & Adoption - Avalanche subnets are already processing JPMorgan's Kinexys transactions [1]