Good Evening Legends! 🔥
Before my GN, today's crypto highlights:
- Bitcoin slipped below $81,000 on Thursday before steadying near $81,678, with roughly $406 million in crypto liquidations as equities and precious metals sold off.
- US spot Bitcoin ETFs lost $635 million on October 22, the largest single-day outflow since June 25, ending a three-day inflow run worth about $1.08 billion.
- Whales kept buying through the weakness: 40 newly created wallets have withdrawn 9,458 BTC, worth $771.5 million, from Wintermute since October 1.
- Ethereum developers cancelled the October 26 Glamsterdam test on the Hoodi testnet after ChainSecurity found 13 deployed contracts at risk from EIP-8037's gas changes. No new date is set.
- Ether trades near $2,405 after spot Ethereum ETFs recorded $110.8 million in outflows and several early holders sold, including one selling 3,000 ETH for a 128x return.
- XRP trades near $1.31, down 17% over a month even as XRP wallets reached a record 8.24 million. The XRPL fixCleanup amendment slipped to November 4.
- HSBC launched RedCoin, a Hong Kong dollar stablecoin regulated by the HKMA, to more than 3.3 million PayMe users and over 100,000 merchants.
- Malaysia and Thailand joined Singapore's BLOOM initiative, which sets common rules for accepting and settling regulated stablecoins and tokenized bank deposits across borders.
- JPMorgan Asset Management brought its MONY and JLTXX tokenized money market funds to Solana, available to qualified US investors through the Morgan Money platform.
- A Circle shareholder sued Donald Trump and World Liberty Financial over UAE-linked stablecoin deals, claiming the diverted USD1 business costs Circle roughly $70 million a year.