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U.S. spot bitcoin ETFs experienced net inflows of $84 million on Monday, marking the seventh consecutive day of positive flows. An analyst indicated that this reflects a favourable change in market sentiment due to improving macroeconomic conditions.
Bitcoin is striving to fully revive the bull market, yet market participants remain cautious, with some even anticipating a return to $76,000 following new all-time highs.
Summary: SEC staff stated that proof-of-work mining does not constitute the offer and sale of securities. The SEC also discussed mining pools, where participants combine their processing power and share the rewards.
Bitcoin traders often reduce risk ahead of FOMC meetings, yet crucial price metrics are indicating a divergence. Will BTC surge when the Fed minutes are published?
Spot bitcoin ETFs in the U.S. experienced net inflows of $274.6 million on Monday, marking the largest daily inflows since 4th February. These ETFs had previously seen five consecutive weeks of net outflows amounting to over $5 billion.
Bitcoin traders and analysts consider potential BTC price targets as upward liquidity increases and market sentiment increasingly fears levels below $70,000.
BTC price movements suggest that positive news on inflation is actually negative due to ongoing US trade war concerns, which are reducing the appetite of risk-asset traders.
Bitcoin experiences its largest weekly decline against the US dollar to date, as traders in risk assets rush to exit.
The price of Bitcoin fell after US President Donald Trump pledged not to sell any of the government's current Bitcoin holdings, but did not make a firm commitment to purchase more.
- 06:23Data: pump.fun uses its daily revenue to fully buy back tokens, and Raydium has already bought back 5%.Foresight News reports, according to statistics from fabiano.sol, deBridge currently uses 100% of its revenue to buy back tokens, with a total of 3% already repurchased; Marinade uses 50% of its monthly fees to buy back MNDE, but the specific use of the repurchased tokens is decided by the DAO; Jupiter uses 50% of protocol fees to buy back tokens, with a total of 1.37% already repurchased, but how to handle the repurchased tokens is still under discussion; Jito purchases and burns over 1.1 million JTO annually, accounting for 1.1% of the total supply; bonk.fun uses 50% of its fees to purchase BONK from the open market and burn them; Metaplex uses 50% of its monthly protocol revenue for MTPLX buybacks; Raydium allocates 12% of trading fees for RAY buybacks, with a total of 5% already repurchased; pump.fun generates over $1 million in daily revenue, all of which is used for buybacks; 39% of Streamflow protocol revenue is used to purchase and distribute STREAM tokens to stakers.
- 06:22AKEDO integrates x402 protocol, public access to open from NovemberForesight News reported that the crypto payment protocol AKEDO has integrated the x402 protocol, enabling instant gas-free AI creative payments on BNB Chain (settled on the Base network). Users can pay micro resource fees with one click, without approval or registration, as relayers cover the gas fees. The proxy automatically pays for models such as GPT, DALL·E 3, Runway, HeyGen, ElevenLabs, Sora, and Cursor, with more models to be supported soon. According to the official statement, this feature will be open for public access starting in November; it supports USDC on the Base network or fiat top-ups, and the AKE token (BNB Chain) will soon be supported via cross-chain. Settlement traffic throughput and reliability are currently being increased and verified.
- 06:07Bitcoin OGs have cumulatively deposited 2,587.6 BTC into CEXs, worth approximately $290 million.According to Jinse Finance, market sources report that Bitcoin OG Owen Gunden has been continuously selling BTC recently, depositing a total of 2,587.6 BTC, worth approximately $290 million, to a certain exchange within less than 10 days.