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Monday Top Crypto News
In one short thread…
From October 20 to October 24 last week, spot Bitcoin ETFs saw a net inflow of $446 million for the week, with BlackRock’s IBIT leading at $324 million.
In contrast, spot Ethereum ETFs recorded a net outflow of $244 million, led by Fidelity’s FETH with $95.25 million in outflows. None of the nine Ethereum ETFs posted a net inflow.
Western Union revealed in its Q3 earnings call that it will launch a stablecoin settlement pilot to reduce reliance on traditional correspondent banks and improve efficiency via on-chain networks.
The company processes around 70 million transfers each quarter across 200+ countries.
JPYC Inc announced the official launch of its yen-denominated stablecoin, JPYC, along with the release of its dedicated issuance and redemption platform, JPYC EX.
The stablecoin is pegged 1:1 to the Japanese yen and fully backed by bank deposits and government bonds.
Initial support includes issuance on the Avalanche, Ethereum, and Polygon blockchains.
Ant Group, China's largest internet finance company, applied to register a series of trademarks related to virtual assets, stablecoins, and blockchain in Hong Kong this year, including "ANTCOIN," possibly as a preparatory step for future expansion of related businesses.
Crypto majors trade at the following levels
BTC 115,570 (up 3.6% in 24 hours)
ETH 4,240 (up 7.5%)
XRP 2.646 (up 1.2%)
SOL 204.76 (up 5.6%)
Have a great day!
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