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[Weekly Crypto] 2024.10.28


1️⃣ Bitcoin Price Trades Steady in Countdown to US Presidential Election

Bitcoin has receded since testing $70,000 earlier this week, with several key economic reports set to be released in the coming week.


2️⃣ ‘Unusually’ large Bitcoin ETF inflows spark concerns of BTC price decline

Large surges in spot Bitcoin ETF inflows have historically been “followed by bearish price movements,” leading one analyst to warn that a price decline could follow.


3️⃣ Why Central Banks Might Consider Bitcoin As A Reserve Asset

It’s hard to imagine that some form of game theory won’t play out when one or two central banks come forward to say they’ve followed El Salvador’s lead in holding bitcoin as a reserve asset


4️⃣ Bitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as Satoshi

The U.S.-based spot funds currently hold about 396,922 bitcoin altogether, with BlackRock’s iShares Bitcoin Trust soon to cross 400,000 in BTC holdings.


5️⃣ Vitalik Buterin outlines ways to reduce Ethereum's bloat in 'Purge' upgrade roadmap

Reducing the need for every node to permanently store all history in addition to unneeded protocol features could mitigate Ethereum’s bloat, Buterin said.





 


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