By Kapil Rajyaguru
BTC & ETH ETF Winning Streak Ongoing With $275mn Combined Inflows
As per SoSoValue data, Bitcoin ETFs ended last week, Oct. 18, with a sturdy $273.71 million in net inflows, bringing that week’s total to over $2.1 billion. This marks the biggest five-day period of inflows since the week of March 15.
Taking a rare leading position, the ARK 21Shares Bitcoin ETF (ARKB) secured $109.86 million in net inflows, bringing its cumulative net inflows to $2.86 billion.
SoSoValue data indicates that Ethereum ETFs concluded the week with a moderate increase, registering $1.91 million in net inflows on October 18.
WazirX Moved $75mn Worth User Funds After Hack: Coinswitch CEO.
CoinSwitch CEO Ashish Singhal has accused WazirX exchange management of transferring $75 million worth of user funds to other global exchanges without informing users after the July 18 hack.
Singhal’s exchange had sued WazirX for freezing their funds in the exchange after the Rs 2000 crore hack. Now Singhal has accused WazirX Exchange of secretly moving over $75 million in user funds to global platforms like Bybit and KuCoin, leaving users in the dark.
CoinSwitch’s dashboard has scanned 200,000 of the 240,000 wallet addresses. Shockingly, nearly 100,000 of these show balances below $10, and about 18,000 are empty. While these numbers might seem small for individual users, the overall scale of WazirX’s transfers raises alarms.
TechCrunch Founder Says Stripe Has Acquired Bridge For $1.1bn.
Payment processing giant Stripe has acquired stablecoin platform Bridge in a $1.1 billion deal, according to TechCrunch founder Michael Arrington.
According to reports on Oct. 17, the deal was in “advanced stages,” though representatives from both organizations had yet to address the reports. “This deal is done. In an Oct. 20 X post, Arrington wrote, “This deal is done. It is worth $1.1b.” Arrington did not elaborate.
Stripe, based in San Francisco and Dublin and valued at $70 billion in July, would make its largest acquisition to date. It would also be one of the biggest acquisitions in crypto history.
Pump.fun Teases Future Token And Reveals New Trading Terminal.
The team behind Pump.fun — a popular memecoin deployment platform on the Solana network — recently announced a future token release and a newly upgraded trading terminal, dubbed “Pump Advance,” in an Oct. 19 X Spaces event.
The Pump team did not provide a specific timeline for the future token launch. However, the Pump team provided more information about the recently revealed Pump Advanced platform. The team also announced 0% fees for the first month and enhanced login security options via Privy.
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