The UK's inflation rate remained unchanged in September, prompting traders to increase bets on a Bank of England interest rate cut this year and sparking a gilt rally, with consumer prices logging an annual growth of 3.8 percent. Crude oil inventories in the U.S. decreased by 1.0 million barrels in the week ended October 17th, according to a report by the Energy Information Administration, an unexpected drop. Gold plunged over 5% on Tuesday (its largest daily drop since 2020) from Monday's record high of $4,381.52 to close at $4,125.22, driven by profit-taking after a $1,000 rally in six weeks, an apparent thaw in US-China trade tensions, and the end of India's Diwali buying season, with analysts calling it a long-overdue correction to "overbought conditions" following record $26 billion monthly inflows into gold ETFs in September.
US Spot ETF Flows
Asset
Daily Inflow
Daily Change
Weekly Inflow
Total Assets
Daily Volume
BTC ETFs
$-101.3M
-121.2%
$335.4M
$146.3B
$6.6B
ETH ETFs
$-18.8M
-113.3%
$-22.8M
$25.8B
$2.6B
US BTC Spot ETF Flows
US ETH Spot ETF Flows
Crypto Liquidations Summary
Liquidation Type
Value
% of Total
24h Change
Total Liquidations
$475.03M
-
$-149.23M (-23.90%)
Shorts
$143.61M
30.2%
$-145.99M (-50.41%)
Longs
$331.42M
69.8%
$-3.24M (-0.97%)
BTC
$117.60M
24.8%
$-161.11M (-57.81%)
ETH
$150.79M
31.7%
$-15.25M (-9.18%)
Hong Kong has approved a spot Solana ETF, following in the footsteps of Canada, Brazil, and Kazakhstan.
A mysterious "insider" whale transferred 5,252 BTC ($588 million) to exchanges including Coinbase, Binance, and Kraken according to Arkham data, while opening a new $234 million short position near $111,190 on Hyperliquid that's already up $6.7 million in unrealized profit, with blockchain analysts linking the wallet to former BitForex CEO Garrett Jin though some question whether the connection is "too neat to be credible."
Wealthy Bitcoin holders are increasingly moving billions from self-custody into regulated ETFs like BlackRock's IBIT, which has facilitated over $3 billion in whale conversions according to BlackRock's Robbie Mitchnick, driven by tax advantages from the SEC's new "in-kind" creation/redemption rules that allow direct Bitcoin-to-ETF share exchanges without triggering capital gains taxes, marking what Uphold's Martin Hiesboeck calls "another nail in the coffin of the original crypto spirit" and the first significant decline in self-custodied BTC in over 15 years.
According to a new report by a16z, stablecoins have reached a milestone of accounting for over 1% of US dollars in circulation.
ARK Invest-backed Quantum Solutions became the largest Ether treasury outside the US on Thursday after accumulating 2,365 ETH ($9 million) in seven days to reach 3,866 ETH ($14.8 million) total holdings, making it Japan's leading publicly listed ETH digital asset treasury and the 11th-largest globally according to CoinGecko, with a 100,000 ETH target backed by $180 million raised in late September from ARK Invest and Susquehanna International Group.
Aave proposes to make its annual $50 million buyback a permanent feature, expanding on previous successful buyback initiatives to solidify its financial strategy.
