MarketsOKX draws $445M in inflows as Binance outflows top $7B
After withdrawals reopened, net outflows from Binance passed $7 billion. OKX took in $445 million and Bybit $112 million. What it means.
Institutional Adoption
Markets
MarketsWall Street says buy crypto stocks after the Binance hack
Cantor, TD Cowen and Compass Point call the post-hack selloff a buying chance. Coinbase lost 13% in a day, Bitcoin only about 4%.
MarketsBitcoin Heads for Its Worst October Since 2014
Bitcoin lost 7.7% in October, its worst result since 2014. We break down how Nasdaq, gold and the Binance hack weighed on the price.
MarketsCoinbase posts $719 million profit, almost all from crypto revaluation
Coinbase Q3 net income hit $719 million, but $715 million came from crypto gains. Prediction markets crossed $200 million in annualized revenue.
StablecoinsTether Earns $1.5B in Q3
BDO attestation: Tether's Q3 operating profit hit $1.5B, excess reserves rose to $7.95B, with $132.4B in US Treasury bills.
MarketsICE to bring Hyperliquid futures to the US, HYPE up to 20%
ICE and Trade[XYZ] plan regulated Hyperliquid perpetuals for US retail traders. HYPE rose 13-20% in a day.
InstitutionalStrategy and Bitmine Choose Share Buybacks Over Crypto Purchases
Strategy skipped a week of bitcoin buying and spent $204.9M on STRC buybacks. Bitmine added ETH but sent more cash back to its own shareholders.
BitcoinGalaxy Research Says the Bitcoin Bear Market Ended in June
Galaxy's Alex Thorn argues Bitcoin bottomed in June and tells investors to buy. We break down the report's numbers and the level that would break his thesis.
InstitutionalAviva Investors Launches Tokenized Share Class of $29B Fund on XRP Ledger
Aviva tokenized a share class of its Sterling Liquidity Fund on XRP Ledger and put in 50M pounds. How it works and how big it is.