Here’s a brief overview of October's key developments in the crypto industry:
- WLFI Token Launch: Trump’s project raised $14M with a reduced $30M target from $300M
- Polymarket Volatility: Trump’s odds shift triggered $425M in liquidations
- MicroStrategy’s BTC Plan: $42B, 3-year Bitcoin acquisition strategy
- UBS & Franklin Templeton Tokenization: Both firms are tokenizing real assets on Ethereum for more accessible investments
- Bitcoin Price Surge: BTC neared its all-time high, surpassing $70K
- Record BTC ETF Inflows: $870M in one day
- High BTC Futures Open Interest: Futures reached record levels, at $42.6B, reflecting strong investor interest
- Bitcoin’s 16th Anniversary: Celebrated on October 31
- Binance Event: CZ appeared publicly post-sentence in Dubai
Overall, October showcased heightened Bitcoin activity and strong momentum in institutional blockchain adoption, reflecting growing confidence from major investors in the crypto space. However, investors remain attentive to macroeconomic developments in November, especially with the upcoming U.S. elections & Interest rate decisions.
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