Bitcoin ETF outflows, bank contagion, and more! Here’s your weekly roundup. It took America 9 months to become a third-world country … or maybe America has been a third world country since 2008? Seems like the US is steamrolling its way into doing all the actual bad things that the communist era Russia and China did. Meanwhile, spot Bitcoin ETFs recorded $536M in daily net outflows on Thursday, their largest since August 1, according to SoSoValue. Outflows hit eight of the twelve funds, led by ARKB with ...

Core Insights - Bitcoin is currently priced at approximately $110,000, but it is still considered the best cryptocurrency to invest in with $100 due to its potential for significant future gains [2][3] Group 1: Bitcoin's Future Potential - There is a growing consensus that Bitcoin could increase in value tenfold within the next few years, with projections suggesting it could reach $1 million within five years and even $3.8 million by 2030 [3][4] - Achieving a price of $1 million from $110,000 implies a compound annual growth rate (CAGR) of 56%, which is a challenging target even for top tech growth stocks [4] Group 2: Historical Performance - Bitcoin has been the top-performing asset globally in eight of the past ten years, with a remarkable gain of 157% in 2023, significantly outperforming the S&P 500, which returned only 26% [5][8] - Despite its strong performance, Bitcoin has experienced significant downturns, losing 64% in 2022 and 74% in 2018, indicating the importance of holding through volatility [6][7] Group 3: Investment Strategy - Investors considering Bitcoin should be prepared to hold for at least four years, as the asset has historically shown periods of poor performance interspersed with substantial gains [6][7] - After a downturn in 2022, Bitcoin rebounded with gains of 157% in 2023 and 125% in 2024, demonstrating its potential for recovery and growth [7]

Core Insights - Huobi founder Li Lin has partnered with early Ethereum backers to establish a $1 billion digital asset trust focused on accumulating Ether (ETH) [1][4][9] Group 1: Key Players and Structure - The trust is being developed in collaboration with notable figures such as Shen Bo of Fenbushi Capital, Xiao Feng of HashKey Group, and Cai Wensheng of Meitu Inc. [3][6] - The structure of the Ether trust will utilize a Nasdaq-listed shell company, providing a regulated framework for institutional investors [4][5] Group 2: Financial Backing and Goals - The initiative has successfully raised approximately $1 billion, with significant contributions including $500 million from HongShan Capital Group and $200 million from Avenir Capital [4][9] - The trust aims to provide regulated exposure to Ether and related digital assets, responding to increasing institutional interest in cryptocurrencies following the success of US spot Bitcoin ETFs [5][9] Group 3: Market Context and Future Outlook - The project is positioned to meet the growing demand for Ethereum-based financial products, especially with the anticipated approval of spot Ether ETFs in major markets [5] - Industry experts are optimistic about Ethereum's potential, suggesting it is entering a "trillion-dollar phase" as institutional interest continues to rise [8]

Core Insights - Bitcoin's current weakness raises concerns about the dominance of short-term trading in the crypto market, affecting overall price performance [1][4] - Prominent trader Pentoshi highlights critical levels for Bitcoin, suggesting that temporary dips may be tradable, but sustained breaches could lead to significant price movements [1][2] Market Dynamics - The crypto market is experiencing weakness compared to other markets, with stocks and commodities showing upward trends while altcoins remain stagnant [3] - Pentoshi notes that the crypto market is largely influenced by short-term trading cycles, with rare sustained moves in altcoins and narratives often reversing within two weeks [4] Trading Strategy - Pentoshi recommends a neutral and adaptable trading approach, suggesting reduced trade sizes due to thinner order books and overall market weakness [2][4] - For altcoins to achieve meaningful gains, key support and resistance levels must be reclaimed, although the timing of such movements remains uncertain [5]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Renowned investor and "Shark Tank" personality Kevin O'Leary raised an alarm Thursday about Ethereum’s (CRYPTO: ETH) network congestion and fee spike over the weekend. Ethereum’s ‘Cracks Are Showing’ In an X post, O’Leary highlighted that Ethereum became severely congested, causing even small transactions to cost upwards of $1,000. He likened this to “paying a thousand-dollar toll to drive on a one-lane h ...

Core Insights - Bitcoin experienced significant volatility, declining 6.8% in 24 hours, with a slight recovery leading to a 3.8% decrease from the previous morning [1][2] - The price movements of Bitcoin have been closely correlated with broader market trends, exhibiting higher volatility, which has raised concerns among investors [2] - Recent negative headlines regarding the regional banking sector and loan quality have contributed to Bitcoin's price fluctuations [3] Fundamental Metrics - Key metrics for Bitcoin include transaction volumes, total value locked (TVL), and activity related to new applications on its network [5] - Liquidations are a critical factor influencing Bitcoin's price, referring to leveraged derivative positions that are eliminated due to significant price movements [6] - In the last 24 hours, $3.33 million worth of Bitcoin was liquidated, representing nearly all of the total $3.36 million in liquidations, indicating substantial market impact [7] Investment Outlook - There is potential for a continued rally in Bitcoin, with liquidations data being crucial for understanding short-term price swings [8] - Long-term sentiment remains bullish on Bitcoin despite recent volatility [8]

Core Insights - Russia has surpassed all European markets in cryptocurrency adoption, recording $376.3 billion in received transactions from July 2024 to June 2025, significantly outpacing the United Kingdom's $273.2 billion [1] - The Chainalysis 2025 Geography of Crypto Report highlights a dramatic shift in regional crypto dynamics, with Russia deepening its participation in decentralized finance (DeFi) and large-scale institutional transfers [1][2] Growth Factors - The growth in Russia's crypto market is attributed to institutional adoption, rapid expansion of DeFi usage, and increased reliance on stablecoins for cross-border transactions [2] - Large-scale crypto transfers exceeding $10 million in Russia surged by 86% between mid-2024 and mid-2025, compared to a 44% growth in the rest of Europe [3] DeFi and Stablecoin Impact - DeFi activity in Russia rose eightfold in early 2025, stabilizing at three and a half times higher than the mid-2023 baseline [3] - The ruble-pegged stablecoin A7A5 has facilitated cross-border payments for businesses and institutions, becoming the world's largest non-U.S. dollar stablecoin by market capitalization, reaching $500 million in early October [4] Regulatory Context - The stablecoin A7A5 plays a central role in Russia's crypto-driven trade settlement strategy, despite concerns from the European Union and U.S. Treasury regarding its potential use for sanction evasion [5] - Russia's crypto market expansion occurs amid intensifying sanctions and regulatory scrutiny, with the central bank planning to launch the digital ruble nationwide on September 1, 2026 [6]

Solana decentralized exchange aggregator Jupiter unveils Ultra v3 offering improved trade execution, MEV protections and 'gasless support' https://t.co/HMhBnH8Tr4 ...

A Bitcoin wallet that had been dormant for three years transferred its entire balance of approximately 6,500 BTC, valued at $694 million, on Oct. 17. According to on-chain analysts, the wallet is linked to Alexander Bilyuchenko, a Russian national and alleged co-founder of the defunct cryptocurrency exchange BTC-e. The transaction, recorded at 16:34 UTC, moved the funds from the primary wallet to two new, unidentified destination addresses, according to blockchain data. The sending address had originally ...

A group of Asian executives with deep roots in crypto is setting up a new trust to accumulate Ethereum , with plans to raise around $1 billion. The effort comes as ETH faces price pressure, trading at $3,875 below its 50-day exponential moving average. According to Bloomberg, Li Lin, who founded the Huobi exchange and now chairs Avenir Capital, is driving the project. He has teamed with Shen Bo of Fenbushi Capital, Xiao Feng from HashKey Group, and Meitu founder Cai Wensheng. Notably, these figures were ...