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Crypto News
Bitcoin(BTC) Surpasses $111,000 with a 2.1% Increase in 24 Hours
Bitcoin has crossed the $111,000 benchmark and is now trading at $111,200, with a narrowed 2.1% increase in 24 hours.
Ethereum(ETH) Rises to $4,000 with a 3.2% Increase in 24 Hours
Ethereum has crossed the $4,000 benchmark and is now trading at $3,971, with a narrowed 3.2% increase in 24 hours.
BNB Rises to $1,140 with a 3.6% Increase in 24 Hours
BNB has crossed the $1,140 benchmark and is now trading at $1,138, with a narrowed 3.6% increase in 24 hours.
Binance Founder Zhao Wins Trump Pardon in Latest Clemency
Binance co-founder Changpeng Zhao has received a pardon from Donald Trump, one of the biggest moves yet by the president to fully embrace the crypto industry and give legal reprieves to some of its most prominent people.
The move marks the latest act of clemency the White House has granted to a crypto entrepreneur, underscoring how the Trump administration has positioned itself as a friend of the industry and how the president’s family has enriched itself from it. Binance assisted one of its family ventures with the launch of its stablecoin, which could yield tens of millions of dollars a year.
Ark Invest Expands Global Market Innovation with Quantum Solutions Investment
Ark Invest's founder and CEO, Cathie Wood, announced on the X platform that the company has invested in Japan-based Ethereum treasury firm Quantum Solutions. This move aims to further expand innovative channels in global capital markets. Additionally, Quantum Solutions CEO Francis B. Zhou revealed plans to continue increasing their Ethereum holdings after acquiring 2,365 ETH.
Dormant Bitcoin Wallet Activated After 14 Years
A Bitcoin wallet that had been inactive for over 14 years was recently activated. The wallet contains 4,000 BTC, valued at approximately $442 million. These Bitcoins were originally worth $67,724 back in 2011. The activation of such long-dormant wallets often attracts attention due to the significant increase in value over time.
Bitcoin Spot ETF Flow
The overall net inflow of the US Bitcoin spot ETF on Thursday was $20.33 million. The total net asset value of Bitcoin spot ETFs is $149.43 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.84%.
The Bitcoin spot ETF with the highest net inflow on Oct. 23 was iShares Bitcoin Trust ETF, with a net inflow of $107.78 million. Followed by Bitwise Bitcoin ETF, with a net inflow of 17.41 million, according to SoSoValue.
SoSoValue