Digital Asset Investment Products See $513 Million Net Outflow
According to Coin Shares data, digital asset ETPs experienced a net capital outflow of $513 million following liquidity pressure after October 10. The majority of the outflows were concentrated in the US market ($621 million), while investors in Germany ($54.2 million), Switzerland ($48 million), and Canada ($42.4 million) viewed the decline as a buying opportunity. Bitcoin was the main asset affected, with a weekly outflow of $946 million, while Ethereum saw an inflow of $205 million. Of this inflow, $457 million went to leveraged ETPs. Solana ($156 million) and XRP ($73.9 million) recorded strong inflows on expectations of ETP listings. The total trading volume remained high at $51 billion.
Strategy Announces $18.8 Million BTC Purchase
Strategy (formerly MicroStrategy) announced that it purchased 168 Bitcoins at an average price of $112,051, for a total of $18.8 million. The company’s total BTC holdings reached 640,418. The average purchase price is $74,010, and the total investment amount is $47.4 billion. The return since the beginning of 2025 is 26%.
Hassett: Progress Possible This Week on US Government Shutdown
According to CNBC, White House National Economic Council Director Kevin Hassett said there is a possibility of progress this week in resolving the U.S. government shutdown.
Bitdeer Increases Bitcoin Position to 2,126.8
Bitdeer Technologies ($BTDR) purchased an additional 65.6 BTC with its latest purchase. Its total Bitcoin holdings have reached 2,126.8 BTC.
Bhutan Government Transfers 121.89 BTC
According to Onchain Lens data, the Bhutan government transferred 121.89 BTC ($13.51 million) to a new wallet on October 20. The transfer is expected to be made to a centralized exchange.
The Smarter Web Company Launches $1.6 Million Funding Round
UK-based Bitcoin treasury company The Smarter Web Company ($SWC) has launched a $1.6 million funding round. This move is seen as part of the company’s strategy to expand its BTC-based reserves.
CZ: “Binance Life” Becomes the First Chinese Ticker on the Base App
Binance CEO Changpeng Zhao (CZ) stated that the Base App now supports BNB Chain network token swaps. He announced that “Binance Life” is the first Chinese ticker on the Base platform.
Fed to Host Crypto Payment Innovation Conference on October 21
The US Federal Reserve (Fed) will hold a “Payment Innovation Conference” on October 21. Topics such as stablecoins, tokenization, artificial intelligence, and the intersection of DeFi and finance will be discussed at the event. The aim is to support innovation at the intersection of traditional and decentralized finance.
Vooi Reaches Weekly Trading Volume of $1.07 Billion
Vooi, an on-chain continuous rollup protocol supported by YZi Labs, broke a record last week by reaching a trading volume of $1.07 billion. The total number of users exceeded 140,000, and the total trading volume surpassed $12 billion.
VanEck Files First stETH ETF Application in the US
VanEck submitted its application for the “VanEck Lido Staked ETH ETF” to the SEC. The fund will provide investors with access to staked ETH through the Lido protocol. If approved, it will be the first stETH-based ETF in the US.
BlackRock Deposits $48.6 Million in ETH to Coinbase Prime
According to Onchain Lens data, BlackRock transferred 12,000 ETH (approximately $48.6 million) in the last 40 minutes. This transaction indicates increased institutional ETH activity.
PancakeSwap Launches Sigma.Money (SIGMA) Token Subscription
PancakeSwap has launched the Sigma. Money (SIGMA) token sale via the CAKE.PAD platform. The event will take place between October 21, 02:00–07:00 UTC. 15 million SIGMA tokens will be offered for sale, with a funding target of $150,000.
Elon Musk: “Flōki is Back as CEO of X”
Elon Musk stated on social media, “Flōki is back at work and has resumed his role as CEO of X.”
Three major crypto asset managers, 21Shares, Bitwise, and WisdomTree, have launched BTC and ETH ETPs for individual investors on the London Stock Exchange. Product fees range from 0.05% to 0.35%. This move follows the UK FCA’s relaxation of its ban on crypto.
Whales Increase Short Positions on Hyperliquid
According to Lookonchain, two major investors opened short positions in Ethereum, SOL, and XRP by investing a total of 10 million USDC in Hyperliquid.
- Address 0x8c58: 1,500 ETH short worth $6.06 million (20x leverage).
- Address 0x939f: 394 BTC short worth $43.7 million + SOL, XRP short positions.
Ethereum treasury FG Nexus (NASDAQ: FGNX) announced a $200 million share buyback program. The program, to be executed through ThinkEquity, will not exceed 25% of the trading volume as long as the share price remains below $5.00. The buyback aims to support the share price below the company’s net asset value.
