News & Research

Swiss crypto bank Sygnum has launched a BTC Alpha Fund designed to generate returns without reducing exposure to Bitcoin's price volatility, CoinDesk reported. The fund targets professional and institutional investors, with returns paid out in Bitcoin.

U.S. spot ETH ETFs recorded net inflows of $289 million last month, according to Trader T. This marks a significant decrease from the $3.8 billion in net inflows seen the previous month. Among individual funds, BlackRock's ETHA attracted $318 million and Grayscale's ETH saw $50 million in inflows. Fidelity's FETH, however, experienced $52 million in net outflows.

Aptos (APT) announced it will support USD1, the stablecoin issued by World Liberty Financial (WLFI).

The following are the long/short position ratios for BTC perpetual futures over the past 24 hours on the world's top three crypto futures exchanges by open interest: Aggregate: Long 49.3%, Short 50.7% 1. Binance: Long 50.69%, Short 49.31% 2. Bybit: Long 50.88%, Short 49.12% 3. Gate.io: Long 49.98%, Short 50.02%

An address labeled as crypto market maker GSR Markets deposited 153,000 LINK ($3.3 million) to Binance eight hours ago, according to data from Arkham.

While tokenized securities may be an attractive strategy for traditional financial markets, they are unlikely to benefit the cryptocurrency industry, according to Rob Hadick, a general partner at crypto venture capital firm Dragonfly. In an interview with Cointelegraph, Hadick explained that traditional finance is drawn to the 24-hour trading and favorable revenue models that tokenization enables. However, he expressed doubt that major blockchains like Ethereum would see substantial benefits. Hadick noted that although the U.S. Securities and Exchange Commission (SEC) is exploring ways to permit stock trading on blockchains, institutions prefer to use their own proprietary chains over public ones. He cited moves by companies like Robinhood and Stripe to build their own chains as examples, adding that institutions do not want to share block space with memecoins or divide their revenue structures.

Foresight Ventures announced the launch of a $50 million stablecoin infrastructure fund at TOKEN2049, The Block reported.

U.S. spot Ethereum ETFs recorded a total net inflow of $127.5 million on Sept. 30, marking the second consecutive day of positive flows, according to Farside Investors. The entire amount was directed into BlackRock's ETHA, while all other ETFs reported no net change in assets.

Telegram CEO Pavel Durov said that an early investment in several thousand Bitcoin in 2013 was the key to surviving difficult periods, Cointelegraph reports. Speaking on a podcast, Durov stated that he has been a firm believer in Bitcoin's vision since its inception. He recalled purchasing around $2 million worth of BTC in 2013 when the price was approximately $700 and subsequently forgetting about the investment. Durov noted that he was unconcerned when people mocked him after the price later fell. He also clarified that while many believe he profits from Telegram, the business has only incurred losses for him, emphasizing that his past Bitcoin holdings were the sole reason he could endure financial hardship. Durov added that he believes Bitcoin's value will one day surpass $1 million because governments are printing money relentlessly. He explained that this is due to Bitcoin's finite supply and predictable inflation, which cannot be arbitrarily changed. He concluded that while the longevity of fiat currencies cannot be guaranteed, Bitcoin will exist forever.

U.S. spot Bitcoin ETFs recorded a total net inflow of $429.9 million on Sept. 30, marking the second consecutive day of positive flows, according to Farside Investors. BlackRock's IBIT led the inflows with $199.4 million, followed by Ark Invest's ARKB with $105.7 million and Fidelity's FBTC with $54.7 million. No ETFs experienced net outflows for the day.