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Recent volatility in the bitcoin market has caused almost $40 million in BTC short liquidations, Coinglass data shows.Last week’s spot bitcoin ETF net outflow could have been caused by Genesis selling its GBTC shares, according to analysts.
Crypto investment products witnessed record outflows last week, with $942 million exiting funds globally, according to CoinShares.This represents the first weekly net outflows witnessed following a seven-week streak of inflows totaling $12.3 billion.
The investment bank has seen growing interest from hedge fund clients in crypto-related products, especially after the recent approval of spot bitcoin ETFs in the U.S., according to Bloomberg. Goldman Sachs has also been exploring investing in crypto bankruptcy claims.
Quick Take Elon Musk asked why Ethereum co-founder Vitalik Buterin left X. Buterin has been active on Farcaster, a crypto-centric Twitter-esque social media platform.
BTC price attempts to challenge overhead resistance as market observers hope for resumption of the Bitcoin ETF frenzy.
This week is shaping up to be another busy one for the U.S. macroeconomic calendar following the Federal Reserve’s predicted lack of rate adjustment last week.
- 13:04Daylight Saving Time Starts Today in North AmericaBitget news, today (November 3), the North American region began to implement the winter time, the United States and Canadian financial markets trading hours (gold and silver, U.S. oil, U.S. stocks, etc.) and economic data release time will be delayed by one hour compared to the daylight saving time, please pay attention.
- 13:02Giant Whale Holding Over 65,000 ETH Gains $10 Million in ETH in Last 2 DayAccording to chain analyst Aftermath, a whale borrowed 10 million DAI from Maker in the last 2 days and then bought it for 3998.5 ETH. It now holds more than 65,000 ETH (~$161.25 million), at a combined cost of ~$1,743. The giant whale previously paid $1.04 for ETH and WBTC in 2022, but has since exchanged all WBTC for ETH.
- 13:02Telegram eco-transaction app Blum gets investment from The Open PlatformOn Nov. 3, Telegram eco-transaction app Blum announced that it had received an investment from The Open Platform for an undisclosed amount, and it is reported that the investment deal comes on the heels of Blum's investment from Binance Labs Fund, and that the new funds will expand Blum's transaction services on multiple blockchains and expand its presence on TON and Telegram.
