Crypto |
BTC |
ETH |
Weekly High |
$ 64,374 |
$ 2,537 |
Weekly Low |
$ 59,019 |
$ 2,345 |
A higher-than-expected inflation report could deter Fed interest-rate cuts, while the strengthening dollar may pressure the crypto market. Mt.Gox has postponed its repayment deadline to October 2025. BTC ETF options are expected to launch in the U.S. by Q1 2025, potentially leading to exponential growth in Bitcoin's synthetic notional exposure.If no bullish price movement of BTC occurs within the next 14 days, 2024 will mark the longest stagnation period after a halving event in Bitcoin's history. Solana's staking ratio exceeds Ethereum's, with 68% of SOL supply staked compared to Ethereum's 28%.
Another bumpy week for BTC and ETH. Both assets started the week on a higher note but a higher-than-expected CPI print turned the market sentiment sour as traders increased their bets on a 25 bps rate cut in November. With US indexes trading at new ATHs, the crypto market bounced back to end the week with a positive performance. Implied volatility stays steady as the US presidential election is approaching although realised volatility drifted a bit lower. Skew continued to reflect the view of a positive Q4. ETHBTC remained under pressure as the rate has been struggling to recover above 0.04.
Decentralized prediction market Polymarket is now integrated with the OKX Web3 wallet. Users can participate in various hot events predictions on Polymarket through the OKX Web3 wallet.
Blockchain data company Arkham Intelligence Inc. (backed by investors including OpenAI co-founder Sam Altman) plans to launch a cryptocurrency derivatives trading platform next month.
Binance has announced the official launch of its pre-market trading feature, allowing buying and selling before tokens are listed on Launchpool.
According to an official tweet from MATR1X, MATR1X FIRE has burned another 906,112 FIRE tokens, with FIRE currently priced at $0.97 and a burn value of $880,000. Statistics show that MATR1X has burned a total of 14,352,934 FIRE tokens, and future in-game consumption of FIRE will continue the burning process.
The micro-nation Liberland, not internationally acknowledged, has released its latest parliamentary election results. Justin Sun emerged victorious in this election and has been nominated by Liberland President Vit Jedlička as Acting Prime Minister.
On October 10th, Chairman Kim Byeong-hwan of the South Korean Financial Services Commission stated that they would review the monopoly phenomenon in the virtual asset market centered around Upbit.
Permissionless L1 network Delta has successfully raised $11 million in funding. Figment Capital and Maven 11 led Delta's pre-seed financing, while Variant and DBA led the seed round financing.
According to official sources, Layer 1 public chain Kava has announced that Adelyn Zhou, former Chief Ecosystem Officer at Chainlink, has joined the team as an advisor. Adelyn brings rich professional experience in artificial intelligence, Web3, and marketing fields.
The major benchmarks moved to new record highs over the week: the DJIA added+1.2%, the S&P 500 added +1.1% and the NASDAQ added +1.1%. Chinese stocks closed lower after a over heated rising week: the Shanghai Composite Index lost 3.56%, the CSI 300 Index lost 3.25%, and the Hang Seng Index lost 6.53%
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