Uptober Forming Amid Rising Stablecoin Liquidity and Bitcoin Transactions
CoinDesk's daily newsletter, First Mover, featured an article discussing the current state of crypto markets. The article highlights the formation of "Uptober" due to increasing stablecoin liquidity and Bitcoin transactions. Ether ETFs experienced significant outflows, the largest since July. Bitcoin broke the $64K mark while gold prices also rose. The ETH/BTC ratio has slid to its lowest point since April 2021, leading to questions about Bitcoin's bullish momentum. The CoinDesk 20 Index currently stands at 2,149.28, up 0.13%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hackers are targeting Australia’s largest pension funds
Share link:In this post: Hackers targeted major Australian superannuation funds, stealing $500,000 from a few accounts and exposing personal data. Authorities and financial institutions are responding to the breach, urging members to check accounts and update passwords. Credential stuffing using stolen passwords is suspected in the attacks, prompting warnings to use unique logins and enable multifactor authentication.
Meta to end third-party fact-checking in U.S. on April 7
Share link:In this post: Meta will shut down its U.S. third-party fact-checking program on April 7, 2025, ending partnerships with groups like PolitiFact. It will be replaced by Community Notes, a system that lets users add context to posts without triggering penalties. Zuckerberg criticized the old system as biased and overly censorious, and said the change aims to support free speech. Meta is also relocating its moderation teams to Texas, a move some experts say is politically motivated.
Crypto Today: Altcoins Find New Buyers as Microsoft, Apple and Nvidia Lose $1 Trillion in 3 Days
Trending news
MoreCrypto prices
More
