Transaction URL: https://blockchain.com/btc/tx/aba619ea440795e97c87b1d0091606964e397abe97a8841744d8ebaded1713f9
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The exchanges are decentralizing.
Kraken is positioning its upcoming Ethereum layer-2, Ink, as a venue built specifically to onboard new users to the DeFi space. Existing Kraken customers would form the bedrock of that brave new world.
Coinbase’s own blockchain, Base, meanwhile has carved out its existence by encouraging anyone to build anything and everything onchain — “literally anything under the sun,” as Ink founder Andrew Koller put it to Jason Yanowitz on today’s Empire podcast.
Rather than shaping a place to run your ice cream truck or dog walking service onchain, Ink is…
Read more on Blockworks
Youthful enthusiasm for cryptocurrency is surging in Indonesia, where a significant majority of crypto investors are under 30. Findings from the Commodity Futures Trading Regulatory Agency (Bappebti) highlight that 62% of the country’s 21.3 million crypto users fall within this age bracket. The zeal for digital currencies among these younger cohorts is underscored by a robust transaction volume reaching 33.7 trillion Indonesian rupiah ($2.1 billion) just in September.
Despite facing a dual tax system on crypto transactions, Indonesian millennials and Gen Zs continue to actively trade major digital assets like Bitcoin, Ether, and Tether, among others. This resilience is reflective of a global trend where younger demographics are increasingly drawn to crypto investments, outpacing older generations in places like the United States.
Recognizing the potential of digital currencies to become a staple in the financial sector, Bappebti has called for a reassessment of the prevailing tax policies. This move could foster a more conducive environment for the growth of crypto markets in Indonesia, aligning with the interests of its burgeoning investor base.
Key Bitcoin BTC/USD indicators suggest the apex crypto could be on the verge of a significant rally as a veteran analyst downplays the influence of the presidential election on Bitcoin’s trajectory.
What Happened: Bitcoin could be set for another rally, according to crypto analyst Caleb Franzen, who observed a sharp shift in a momentum indicator used by traders to gauge buy and sell signals.
This shift from oversold to overbought territory over a 16-week period has previously led to Bitcoin price gains of 52% and 113%, suggesting bullish potential if history repeats.
I’m just seeing this now for the first time.#Bitcoin’s 16-week Williams%R made a momentum thrust in…
Read more on Benzinga
On October 28, 2024, the daily net flow of U.S. Bitcoin ETFs demonstrated significant positive trends, showcasing a robust influx of investments into several key funds. BlackRock’s Bitcoin ETF (Ticker: IBIT) led the day with an impressive net inflow of 4,368 BTC, highlighting strong investor confidence and demand for this ETF.
Fidelity’s Bitcoin ETF (Ticker: FBTC) also saw a substantial inflow, with 852 BTC added, while ARK’s Bitcoin ETF (Ticker: ARKB) received a notable increase of 499 BTC. These inflows reflect ongoing investor interest in diverse Bitcoin investment vehicles.
Conversely, Invesco Galaxy’s Bitcoin ETF (Ticker: BTCO) experienced a significant outflow of 399 BTC, marking a downturn for the fund on this particular day. Grayscale’s GBTC also saw a reduction, losing 112 BTC.
Overall, the total Bitcoin holdings for these ETFs rose to 972,576 BTC, resulting in a net increase of 5,246 BTC for the day, valued at approximately $361.7 million. This dynamic illustrates the vibrant activity within the U.S. Bitcoin ETF market, signaling strong market movements and investor interactions.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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