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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?
- 19:55Hassett considers Bessent the top candidate for Federal Reserve Chair.Jinse Finance reported that Hassett stated he believes Scott Bessent is the top candidate for the position of Federal Reserve Chairman, but Bessent does not want to serve as the Chairman of the Federal Reserve.
- 19:20Luxor expands hardware business to GPUs, helping bitcoin mining companies transition to AI infrastructureJinse Finance reported that Luxor, a company focused on mining infrastructure, has announced the expansion of its hardware business to cover GPUs, servers, storage, and networking equipment, in order to support bitcoin mining companies transitioning to AI and high-performance computing (HPC). Luxor is extending its experience in ASIC procurement to AI hardware, offering end-to-end services from equipment procurement and financing to deployment, and has established direct supply relationships with manufacturers such as Dell and Lenovo. The company stated that global bitcoin mining already has nearly 20GW of data center capacity, providing a natural resource advantage for AI hosting. Luxor also supports instant monetization of computing power through its cloud platform Tenki.
- 19:08The US Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Tuesday was $3.211 billion.Jinse Finance reported that the Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Tuesday was $321.1 million, compared to $170.3 million in the previous trading day.