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The upcoming halving is Bitcoin Cash’s second, with the first having taken place in 2020.
The FTX estate’s sales of locked solana have seen strong demand, according to multiple sources. Neptune Digital is the first firm to say it has closed a purchase of tokens from the estate.
Investment firm Kerrisdale Capital argued that MicroStrategy’s shares are overvalued.The firm holds a short position on MicroStrategy shares and is long on BTC through BlackRock and Fidelity’s spot bitcoin ETFs.
Data compiled by 21.co shows more than $1 billion worth of U.S. Treasuries are now tokenized on public blockchains. Franklin Templeton’s BENJI leads with $360 million, while BlackRock’s new “BUIDL” tokenized fund has grown from $40 million to $245 million in just a week.
Fink highlighted the explosive growth of BlackRock’s Bitcoin ETF.
- 04:40This week, the net inflow of Ethereum spot ETFs was $154.7 million, with a net increase of 54,818.32 ETHThe net inflow of ETH spot ETFs this week reached 154.7 million USD, with a net increase of 54,818.32 ETH. Related analysis points out that after the end of Wednesday's election, BlackRock and Fidelity were the main forces increasing their holdings, adding 29,356.11 and 28,078.59 respectively, while Grayscale ETHE remained unchanged. If Trump supports the collateralization of ETH spot ETFs after taking office in the future, it is expected to provide a strong boost to the current ETH market.
- 04:38The total amount of Ethereum staked on the Beacon Chain exceeds 34.96 million ETH, with a staking rate of 28.52%According to Dune data, the total amount of Ethereum beacon chain staking reached 34,964,517 ETH, accounting for 28.52% of the total supply. Among them, the staking share of liquidity staking protocol Lido reached 27.85%. In addition, the number of validators reached 1,092,641.
- 04:35Bitwise CEO: The rise in Bitcoin prices will not trigger concerns similar to overvaluation of stocksBitwise Invest CEO Hunter Horsley stated that Bitcoin reached a historic high this week, but it did not trigger investor concerns about overvaluation like stocks. "Bitcoin is different," he explained, when a company's stock "rises, the price-earnings ratio also rises. At some point, people will say 'this is overvalued,' and then they become less interested until the price drops." Horsley added that without similar financial performance indicators, "when the price of Bitcoin rises, people think it is more likely to succeed and therefore becomes more valuable, so it is very likely to rise further."
