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1Bitget Daily Digest(October 28)|S. today. Trump nominates Michael Selig as CFTC Chairman. Stablecoin USD1 enters partnership with Enso.2Research Report|In-Depth Analysis and Market Cap of Common Protocol (COMMON)3Is Monero (XMR) Gearing Up for a Bullish Breakout? This Key Pattern Formation Suggest So!
How high can XRP price go in November?
Cointelegraph·2025/10/28 02:15

Ripple CTO said company spends to maximize XRP value
TheCryptoUpdates·2025/10/28 01:15

Ethereum and Polygon Welcome Launch of Stablecoin Backed by Japanese Yen
JPYC Introduces Japan's First Stablecoin, Underpinned by Bank Deposits and Government Bonds, on Ethereum and Polygon Networks
Coineagle·2025/10/28 00:30

Surge in LINK Withdrawals: The Growing Trend of Adding More Chainlink
Whales Pull $188M from Binance Amidst Skyrocketing Holder Accumulation Ratio, Indicating High Investor Confidence in Chainlink
Coineagle·2025/10/28 00:30

BNB Burns $1.2B, Overtakes XRP for 4th Spot: Is $1,500 on the Horizon?
Following the 33rd Quarterly Token Burn, BNB Reclaims 4th Spot and Eyes $1,500 Price Point
Coineagle·2025/10/28 00:30

What’s Driving Today’s Cryptocurrency Market Surge?
Bitcoin and Ethereum Lead 2% Rally as Macroeconomic Tensions Subside
Coineagle·2025/10/28 00:30

Five Finalists Emerge for Federal Reserve Chair, Powell’s Successor in Sight: Bessent’s Announcement
Shortlist Features Two Incumbent Fed Governors, a Former Board Member, and Two External Executives for Powell's Successor
Coineagle·2025/10/28 00:30

BitMine’s Treasury Nears 3% of ETH Supply, Aiming for 5% Milestone
BitMine Immersion Technologies' Ambitious Pursuit of 5% ETH Acquisition Goal Bolstered by $14.2 Billion in Crypto and Cash Holdings
Coineagle·2025/10/28 00:30
Michael Saylor Bitcoin Goal: $1 Trillion Ambition Unveiled
coinfomania·2025/10/27 23:57
Crypto Investment Products Draw $921 M in Weekly Net Inflows
coinfomania·2025/10/27 23:57
Flash
- 03:484E: Institutions Increase Exposure to Crypto Assets; Multiple Crypto-themed ETFs Launched in Quick SuccessionAccording to ChainCatcher, as observed by 4E, there were renewed signs of institutional increases in crypto asset-related stocks in the US stock market on Monday. Ark Invest, led by Cathie Wood, purchased a total of approximately $30.9 million worth of Block Inc. (SQ) shares through three ETFs, with ARKK buying 210,000 shares, ARKW and ARKF buying 59,000 and 114,000 shares respectively. Block's stock closed up 0.77% at $80.15 that day. The stock has risen more than 37% over the past six months, indicating that traditional institutions' interest in the crypto payments sector continues to heat up. On the other hand, BlackRock's bitcoin ETF IBIT has surpassed $70 billion in assets under management, reaching this milestone in just 341 days, making it one of the fastest-growing ETFs in history. This shows that institutional funds are steadily flowing into the bitcoin spot market. The ETF sector is also seeing a new wave of product launches. Canary Capital announced that its Litecoin ETF and HBAR ETF will be listed on Nasdaq on Tuesday; Grayscale's Solana Trust ETF is expected to be listed on Wednesday, while the Bitwise Solana Staking ETF will debut on the New York Stock Exchange. In addition, Ethereum financial firm ETHZilla sold about $40 million worth of ETH to advance a stock buyback plan of up to $250 million. Since October 24, the company has spent about $12 million to repurchase 600,000 shares, and management stated they will continue to sell ETH to narrow the discount between the share price and net asset value. ETHZ currently still holds about $400 million worth of ETH assets. On the macro front, US President Trump stated that he will nominate a successor to Federal Reserve Chairman Powell by the end of the year, with five candidates making the final shortlist, including former Fed Governor Kevin Warsh and BlackRock executive Rick Rieder. 4E reminds investors: Institutions and crypto ETFs are expanding simultaneously, intensifying structural differentiation in the market. In the short term, pay attention to the pace of ETF subscriptions and changes in institutional holdings for their marginal impact on crypto asset liquidity.
- 03:48Privacy blockchain infrastructure developer Fhenix announces investment from Biprogy and TransLink CapitalJinse Finance reported, citing Techinasia, that Israeli privacy blockchain infrastructure developer Fhenix has received investment from Japan's Biprogy and TransLink Capital. Fhenix focuses on developing privacy-oriented blockchain infrastructure, utilizing homomorphic encryption technology to enable confidential transactions on decentralized finance platforms. Biprogy is a major information technology services company in Japan, holding a significant position in the financial services sector. This round of investment will support Fhenix's entry into the Japanese Web3 and fintech markets, including establishing potential partnerships with local financial institutions. The funding will help adapt its privacy technology to meet the needs of the Japanese market.
- 03:41Crypto trust company Fortress ordered to cease operations due to $11 million funding shortfallAccording to Jinse Finance, citing DLNews, crypto trust company Fortress has been ordered by Nevada regulators to cease operations due to an $11 million funding shortfall. CEO Anthony Botticella stated, "I only learned after taking office that the trust fund was facing serious financial difficulties. These challenges stem from events that occurred before I became CEO. These existing issues have fundamentally affected the trust fund's ability to operate as a going concern."