Episode Details

25th Oct: Crypto & Coffee at 8
🚀Bitcoin 🚀 DeFi protocol news from Solana❌ Chainalysis report on Stablecoins❗ Market Info by Glassnode & CoinShares📊

⚫ BlackRock’s spot Bitcoin ETF is now listed on the Nasdaq trade clearing firm. The Result Bitcoin 🚀

◼️ Bloomberg Senior ETF analyst Eric Balchunas shared in a thread on Twitter that the iShares spot Bitcoin exchange-traded fund (ETF) proposal from investment firm BlackRock (NYSE: BLK) has been officially listed on The Depository Trust & Clearing Corporation (DTCC) . His tweet here https://lnkd.in/dZHC53WM

🟠 This development is seen as a positive step toward potential approval by the U.S. Securities and Exchange Commission. According to Eric DTCC listing is a crucial part of the process required to bring a cryptocurrency ETF to the market. The iShares spot Bitcoin (BTC) ETF has been assigned the ticker symbol IBTC, suggesting a possible listing on the Nasdaq stock exchange.

❌ Defi Solana
❗ Marinade.Finance Finance, the leading decentralized finance (DeFi) protocol on the Solana blockchain, has reportedly decided to exit the UK market due to regulatory constraints imposed by the Financial Conduct Authority (FCA). Marinade Finance currently boasts more than $265 million in total value locked, which constitutes a significant 70% share of all funds locked on the Solana blockchain.

🚨 Chainalysis reports that the stablecoin market is evading regulatory oversight in the United States Full report here https://lnkd.in/d_63Bkrx Chainalysis found that since spring 2023, the majority of stablecoin inflows to the top 50 cryptocurrency services have shifted away from U.S.-licensed platforms to those outside the U.S. By June 2023, about 55% of stablecoin inflows to these services were going to non-U.S.-licensed exchanges.
- North America Leads the World in Crypto Usage Despite Ongoing Regulatory Questions
- While Stablecoin Activity Shifts Away from U.S. Services

📊 Glassnode weekly insights here https://lnkd.in/dcXft3n6 published on the 23rd states
- BTC price has risen to $35k, surpassing $28k levels, signaling bullish momentum.
- Derivative activity, such as short-squeezes and increased options call interest, contributed to this surge.
- Long-term investors show confidence as Long-Term Holder supply hits new highs, and supply volumes remain stable.

📊 CoinShares weekly fund flow report via