1. BlackRock's Bitcoin Spot ETF Application Remains Under Review
Fox Business reporter Eleanor Terrett clarified that earlier reports of approval were false. BlackRock confirmed its Bitcoin spot ETF application is still under SEC review.
2. Cointelegraph Investigates False Bitcoin ETF News
The misleading news originated from an unverified screenshot posted on X (formerly Twitter), falsely attributed to Bloomberg Terminal. Cointelegraph emphasized its commitment to stricter verification protocols for future social media posts.
3. Bitcoin Mining Difficulty Hits All-Time High at 61.03T
On October 17, Bitcoin’s mining difficulty increased by 6.47%, reflecting a hash rate of 403.9 EH/s. This adjustment underscores growing competition among miners.
4. ProShares Short Ethereum Futures ETF (SETH) Launching in November
Bloomberg analyst James Seyffart announced SETH’s early November debut, delayed slightly despite regulatory approval on October 15.
5. Coinbase Report: Ethereum Staking Demand Plateaus
Post-Shanghai Upgrade, Ethereum’s validator queue cleared for the first time, signaling stabilized staking demand. Yields dropped from 5% to 3.5% due to increased validators.
6. Saudi Central Bank Urges IMF Oversight for Crypto Activities
SAMA Governor Ayman Alsayari warned of crypto risks at the G20 meeting, advocating for IMF-led supervision to mitigate volatility and illicit use cases.
7. Meitu Shifts Focus Away from Crypto Investments
The Chinese tech firm, known for early crypto purchases, now prioritizes AI-driven imaging tools. Executives hinted at potential divestment of existing holdings.
8. Kraken Launches Major U.S./UK Campaign Highlighting Crypto Utility
The exchange’s new marketing push educates users on blockchain’s transformative potential, countering “get-rich-quick” narratives from past bull markets.
9. BlackRock CEO: Crypto Demand Reflects ‘Flight to Quality’
Larry Fink noted heightened client interest post-Bitcoin price surge, but declined to comment on iShares ETF progress, calling crypto a hedge asset.
10. FTX Reorganization Plan Nears Consensus Among Creditors
A revised plan, supported by key creditor groups, aims for Q2 2024 court confirmation. The settlement includes a “shortfall claim” mechanism to compensate eligible customers.
FAQs
Q1: What caused Bitcoin’s price spike on October 16?
A1: False rumors about BlackRock’s ETF approval triggered volatile trading, later debunked by the SEC.
Q2: How does Ethereum’s staking yield work?
A2: Validators earn rewards (~3.5% annually) for securing the network. Yields fluctuate based on total ETH staked.
Q3: Why is Saudi Arabia advocating for crypto regulation?
A3: SAMA seeks IMF oversight to address risks like money laundering while exploring CBDC partnerships.
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