Uptober Emerges with Increased Stablecoin Liquidity and Bitcoin Transactions
CoinDesk's daily newsletter, First Mover, reports on the latest developments in the crypto market. The current market trends show an increase in stablecoin liquidity and Bitcoin transactions, leading to the formation of "Uptober." Ether ETFs have seen the biggest outflows since July, while Bitcoin has broken the $64K mark and gold prices soar. The ETH/BTC ratio has dropped to its lowest point since April 2021, raising questions about Bitcoin's bullish momentum. The CoinDesk 20 Index currently stands at 2,561.84, up 2.14%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XP raises $6,2 million with Solana and NFTs
Heritage Distilling Adopts Crypto Payments
Heritage Distilling Company, Inc. (NASDAQ: CASK) is making a bold foray into the digital economy, becoming one of the first craft spirits producers to implement a formal Cryptocurrency Treasury Reserve Policy. Announced on May 15, the new strategy enables the Washington-based distiller to accept Bitcoin and Dogecoin as payment via its direct-to-consumer (DTC) e-commerce platform while holding these digital assets as part of its broader treasury management plan.
Stablecoins Enter Production Era as Institutions Prioritize Growth Over Cost
Stablecoins are quickly moving from pilot projects to a core part of global payment systems, according to Fireblocks’ newly released “State of Stablecoins 2025” report. The digital asset platform revealed that stablecoin transactions on its network now reach $40 billion per quarter, reflecting surging institutional use and a clear shift from experimentation to full-scale implementation.
xAI Blames Unauthorized Prompt Change for Grok’s Inflammatory Responses on South Africa
Elon Musk’s artificial intelligence startup, xAI, has disclosed that a controversial series of responses generated by its chatbot, Grok, were the result of an unauthorized internal modification.
Trending news
MoreCrypto prices
More
