BTC ETFs experienced the largest outflows since May, causing a brief dip in BTC's price below $68k. Open interest in BTC fell by $2 billion, while its hashrate achieved a new all-time high.
Significant crypto transfers occurred, including MT Gox moving $2.2 billion in BTC to two wallets. Political sentiment in crypto prediction markets shows 63% preference for Trump.
Prominent crypto firms launched a stablecoin network, and Semler Scientific invested $71 million in BTC during Q3. The first UK pension fund purchased $65 million in BTC ETFs, and the Michigan Pension Fund bought ETH ETFs.
21 Shares likened Ethereum to Amazon 2.0, while Deutsche Telekom piloted a BTC mining scheme. Tether refuted blockchain development plans, and Citi and Fidelity introduced tokenized FX swaps.
Bitget launched Bitget Pay, and a16z contributed another $23 million to a crypto PAC. Meanwhile, Binance and CZ made efforts to address an SEC lawsuit.
