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BlackRock invests $1.3B in BTC and ETH on Oct 7, adding 7,220 Bitcoin and 93,430 Ethereum to its spot ETFs.What This Means for the MarketA Bullish Sign for Crypto Adoption
Bitcoin and Ethereum ETFs saw massive inflows on Oct. 7, with $875M BTC and $420M ETH purchases.What’s Driving the Massive Inflows?Bullish Sentiment on the Rise
Michael Saylor’s Bitcoin strategy now holds $80B in BTC, placing MicroStrategy among the top 5 corporate treasuries in the S&P 500.Top 5 Treasury in the S&P 500Outpacing Traditional Strategies
Bitcoin breaks $117K, pushing over 95% of its supply into profit, according to Glassnode.On-Chain Metrics Signal Strength in the MarketWhat This Means for Investors
Bitcoin cools off after hitting ATHs, with $511M in long positions liquidated. Market sentiment still shows “Greed.”Longs Get Squeezed, But Greed PrevailsWhat’s Next for the Market?
- 21:04U.S. stocks closed lower with all three major indexes down; Tesla fell more than 3%ChainCatcher news, according to Golden Ten Data, U.S. stocks closed lower on Monday, with the Dow Jones Industrial Average preliminarily down 0.45%, the S&P 500 Index down 0.3%, and the Nasdaq down 0.1%. Warner Bros. Discovery (WBD.O) rose 4.4%, while Netflix (NFLX.O) and Tesla (TSLA.O) fell more than 3%, and Google (GOOG.O) dropped more than 2%. The Nasdaq Golden Dragon China Index edged up, with Baidu (BIDU.O) rising more than 3%.
- 20:24BIS: US Tariff Shock Drives Global Forex Trading Volume to Record HighAccording to Jinse Finance, data from the Bank for International Settlements (BIS) shows that as U.S. President Donald Trump's tariff policies triggered market turmoil, global foreign exchange trading volume soared to a historic high this year, with average daily trading volume reaching $9.5 trillion in April. In its quarterly review released on Monday, the bank cited data from its triennial survey, stating that the impact of tariffs was "substantial," leading to an unexpected depreciation of the U.S. dollar and accounting for more than $1.5 trillion of the average daily over-the-counter trading volume in April. The report shows that overall foreign exchange trading volume increased by more than a quarter compared to the last survey in 2022, surpassing the estimated peak during the market turmoil caused by the pandemic in March 2020. This data is an update based on the preliminary survey results released in September.
- 20:23Bank of America: The key risk facing U.S. investment-grade credit next year is a dovish stance from the Federal ReserveJinse Finance reported that Bank of America strategists, including Yuri Seliger, pointed out that a key risk facing U.S. investment-grade credit bonds next year is that the Federal Reserve's rate cuts may far exceed current expectations, potentially bringing interest rates down to 2%. In a report released on Friday, the strategists wrote that a significant rate cut could push the yield on 10-year U.S. Treasury bonds down to the 3.0%-3.5% range, below the expected 4.25% for 2026. The initial phase of rate cuts will stimulate investor demand for high-grade corporate bonds, as fund managers seek higher yields from long-term corporate debt. However, as yield-sensitive buyers reduce their demand and companies take advantage of low yields to increase financing, especially at the long end, spreads may subsequently widen and the curve will steepen again.