The net asset ratio of the BTC spot ETF in the US has reached a historic high of over 5%
SoSoValue data shows that the total net asset value of the BTC spot ETF has exceeded $72.545 billion, with a net asset ratio (market capitalization as a percentage of the total market capitalization of BTC) reaching 5.07%, breaking through 5% for the first time.
After the strong breakthrough of BTC, the market's focus has shifted to the upcoming US non-farm payroll report
Driven by the strong inflow of spot ETFs, global monetary easing, and the rising prospect of a victory for crypto-friendly US President Donald Trump, the BTC price has recently soared to over $73,000. The market's attention this week has turned to the US non-farm payroll report to be released on Friday, which will be an important indicator of the health of US employment.
BlackRock's BTC ETF has exceeded $30 billion in market value in 293 days
BlackRock's BTC spot ETF has exceeded $30 billion in market value in just 293 days, which is faster than the gold ETF, which took 1,790 days to reach the same milestone.
The Hong Kong government will introduce stablecoin legislation by the end of the year
At the 2024 Hong Kong SmartCon conference, Hong Kong SAR Deputy Secretary-General Chan Ho-lam announced that Hong Kong has completed the public consultation on stablecoin regulation and received more than 100 responses within two months. The Hong Kong SAR government plans to submit a draft stablecoin legislation to the Legislative Council by the end of the year.
A whale has increased its holdings by 2,000 BTC in two weeks, earning an unrealized profit of $6.3 million
On October 30, Lookonchain reported that a BTC whale recently added an additional 600 BTC (worth $43.33 million) to its holdings. Over the past two weeks, the whale has accumulated a total of 2,000 BTC (worth $144.82 million), with an unrealized profit of around $6.3 million.
US Treasury Advisory Committee: USDT poses significant risks, recommends using CBDC
The US Treasury's Wall Street Advisory Committee has conducted a detailed analysis of the asset tokenization market, noting its vast development potential. However, when reviewing the stablecoin market, the committee found that Tether's USDT poses significant risks and recommends that investors use central bank digital currency (CBDC) for transition to enhance stability and reduce the financial risks associated with private stablecoins. Disclaimer: The information provided in this section is for reference only and does not constitute any investment advice or official position of FameEX.
