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Bitcoin has experienced a decline today, falling below $64,000, despite recently breaking above $66,000.
Daily revenue on Pump.fun reached $1.1 million on Saturday.The following is an excerpt from The Block’s Data and Insights newsletter.
Bitcoin’s price dropped by over 3% in the past 24 hours amid a “long squeeze” in the perpetual futures market, according to CryptoQuant data.The crypto market downturn coincided with growing caution in global equities as investors brace for potential interest rate hikes from the Bank of Japan that could impact overall risk sentiment.
Quick Take The crypto venture capital market hasn’t fully adjusted to post-pandemic downturn realities, said Multicoin Capital Managing Partner Tushar Jain. Overhyped valuations and stalled token prices reflect challenges across the crypto sector. Jain maintains confidence in crypto’s core principles despite the market’s volatility.
Share link:In this post: Bitwise has filed for an XRP ETF in Delaware as it expands its crypto offerings. The approval might be a long process as the SEC reviews the application. If approved, the ETF would expand the use of XRP in traditional markets even more.
Quick Take An Indiana man pleaded guilty to “cyber intrusion” and stealing cryptocurrency worth over $37 million from nearly 600 victims, according to the U.S. Attorney’s Office. “The stolen cryptocurrency … was then funneled to various locations throughout the world, including multiple mixing services and gambling websites.”
- 14:56The management fee for Grayscale Aave Trust is 2.5%, and as of October 2, the scale of asset management is approximately $150,000PANews reported on October 3rd, according to official data from Grayscale, the management fee for its launched AAVE trust fund, Grayscale Aave Trust, is 2.5%, and it will use the CoinDesk Aave Price Index (AAVE) as a reference exchange rate priced in US dollars for the spot price of Grayscale Aave Trust. In addition, as of October 2nd, the asset management scale of Grayscale Aave Trust reached $151,281.1 USD with a net value per share at $13.88 USD.
- 14:52The trading volume of IBIT reached 19 million US dollars before the market opened today, with 37% being active buy ordersBlockBeats reports that on October 3rd, according to Trader T's monitoring, the trading volume of IBIT reached 19 million US dollars before the market opened today. Of this, 37% were active buy orders and 28% were active sell orders.
- 14:50OpenAI has established a $4 billion revolving credit line with banks such as JPMorgan, Citigroup, Goldman Sachs, and Morgan StanleyBlockBeats reports that on October 3, according to market news, OpenAI has established a revolving credit line of 4 billion US dollars with JPMorgan Chase, Citibank, Goldman Sachs, Morgan Stanley, Santander Bank, Wells Fargo Bank, Sumitomo Mitsui Banking Corporation (SMBC), UBS and HSBC.
