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In brief U.S. spot Bitcoin ETFs took in $524.8 million on Wednesday, bringing a three-day inflow streak to about $1.07 billion and flipping October positive by roughly $460 million. Ethereum ETFs snapped a five-day outflow streak with a $14.9 million inflow but remain down about $1.07 billion for the month. Bitcoin fell 2.4% to about $81,470, and Myriad traders give it only a 20% chance of topping $87,500 in October. Bitcoin ETF buyers have erased October’s losses in three trading days.U.S. spot Bitcoin ETFs took in $524.8 million on Wednesday, according to Decrypt’s ETF tracker, stretching an inflow streak that…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR: Archax has adopted Chainlink Data Streams to supply pricing information for GOVY, its tokenised US Treasury product, as it develops collateral use cases. Putting Treasury bills on a blockchain is only the beginning. If an institution wants to borrow against them or use them as margin in an automated market, the software also needs reliable, timely information about their value. That is the gap Archax is addressing with Chainlink. The regulated digital asset platform said it has adopted Chainlink Data Streams for GOVY, its continuously rolling…
In brief SoFi launched SoFi Earn (SOFIE), which it calls the first national bank-issued tokenized deposit for consumers. The product targets idle digital dollars by offering interest and insurance stablecoins lack. It’s SoFi’s fifth crypto product in under a year, extending a build-out that includes its crypto-trading return and the SoFiUSD stablecoin. SoFi is giving its customers a way to earn bank-grade interest on digital dollars without giving up the speed of crypto, launching what it calls the first national bank-issued tokenized deposit for consumers.Announced Thursday, the product, SoFi Earn, trades under the ticker SOFIE, with each token representing $1…
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