Ethereum Foundation sells 100 ETH

Nigeria has dropped money laundering charges against Binance’s Head of Financial Compliance and former Special Agent for the U.S. IRS, Tigran Gambaryan, who has been detained in the country since February.Ethereum co-founder Vitalik Buterin hit back at MicroStrategy founder Michael Saylor’s controversial comments on regulated bitcoin custody concerns being mostly from “paranoid crypto-anarchists.”Analysts at research and brokerage firm Bernstein said their current $200,000 bitcoin price prediction for the end of 2025 is “conservative,” urging skeptics to look again at the foremost cryptocurrency.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

According to BlockBeats, on October 24th, according to Lookonchain monitoring, a whale address once again deposited 850 BTC (approximately $56.3 million) into Binance today. It is reported that the address has deposited 4860 BTC (approximately 327 million US dollars) into Binance in the past 7 days.

BlockBeats news, on October 24th, the analysis of data on the Bitcoin chain in this week's Copper Opening Bell report showed that 98% of short-term holders' wallet addresses are now profitable. From a historical perspective, when this proportion significantly increases, investors often seek to lock in profits, leading to selling pressure. According to Copper analysts, this may indicate that the market is experiencing a temporary peak before the US election. Copper analysts also pointed out that despite the large influx of funds into spot Bitcoin ETFs, overall enthusiasm remains sluggish. As of mid October, the cumulative net inflow of spot Bitcoin ETFs has exceeded $21 billion. However, after seven consecutive days of positive net inflows, ETF activity reversed on Tuesday, with inflows once again negative.

Odaily Planet Daily News: According to Arkham monitoring data, a total of 2761 ETH flowed from Coinbase Prime hot wallet addresses into the BlackRock Ethereum ETF, worth approximately $7 million. In addition, 37.097 BTC also flowed from the Coinbase Prime hot wallet address into the BlackRock Bitcoin Exchange Traded Fund IBIT Bitcoin ETF, worth approximately $2.45 million.

Odaily Planet Daily News: Bitwise published an article on X platform stating that the current stablecoin market is worth paying attention to, mainly for the following reasons: 1. The top five stable currency projects hold more US treasury bond bonds than some G20 countries such as Germany; 2. Visa and other listed companies are adopting stablecoins; 3. Tether's profits exceeded BlackRock's last year.