What Happened in Crypto Today: Institutional Interest in Crypto Is ATH
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What Happened in Crypto Today: Institutional Interest in Crypto Is ATH

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Created 1yr ago, last updated 1yr ago

From BlackRock making serious moves to FTX getting offers to relaunch the exchange, here is a 3-minute breakdown of everything important that happened in crypto today.

What Happened in Crypto Today: Institutional Interest in Crypto Is ATH

Table of Contents

Co-author: Davier M

It's the last week of the Great Uptober! CoinMarketCap here with a bullish bite of news to start your day. With double-digit gains abound, Uptober is finally living up to its name!

But before we dive in, here's a TLDR rundown of today's top stories:

Let’s unpack all that!

BlackRock Greases ETF Wheels

In a tactical move, BlackRock agreed to pay a $2.5 million SEC fine related to mislabeled investments. The timing seems strategically aligned with renewed hype around a Bitcoin ETF approval.

Is BlackRock trying to grease the wheels with regulators to finally give the green light to a spot Bitcoin ETF? The cooperative fine may signal that BlackRock is serious about getting an ETF approved sooner than later.

Or perhaps the SEC will continue to play hard to get, dangling the Bitcoin ETF carrot for longer no matter what BlackRock does.  With Bitcoin pumping on ETF excitement, BlackRock is no doubt feeling the pressure to launch an ETF product soon.

Could approval be right around the corner? Or will more regulatory hurdles emerge? Read the full story here!

BlockFi Claws Its Way out of Bankruptcy

Either BlockFi has found crypto’s fountain of youth or bankruptcy ain’t what it used to be! The lending platform emerged from bankruptcy at lightspeed, now hungry for funds from shadier collapsed firms. But customers likely won't see assets for a while.

How far can hustler BlockFi climb out of the hole? Track their against-all-odds recovery journey here!

$57M Pours Into BTC

Over $57 million flooded into Bitcoin on Monday as ETF hype intensified. With BTC surging past $34k and BlackRock's ticker sneaking onto exchanges, the writing is on the wall. But the SEC isn’t making it that easy!

But which institutions poured these funds? Read the full story here!

Euroclear Settles Digital Bond

Securities settlement firm Euroclear is clearly trying to shake off its stiff institutional image. It settled a €100 million digital bond for the World Bank using its new D-SI service for tokenized securities. The bold move represents a major milestone on Euroclear's roadmap to becoming a fully DeFi-enabled financial platform.

Who needs dusty old paper bonds when you can settle assets on the blockchain? Follow Euroclear's journey from crypto-curious to crypto-committed here!

Memecoin PEPE Pumps

Pepe coin rallied 50% after burning $5.5 million worth of tokens and adding mystery advisors. With original team holdings now reduced, some wonder if more pumps are coming. But Pepe's shady history makes traders hesitant to buy the pump.

Back in August, former developers dumped tokens and bailed, leaving a bad taste in investors' mouths. With trust still rebuilding, is this latest burn a legitimate strategy by Pepe 2.0? Or just another bait-and-switch?

Some more details about the team’s plan moving forward!

FTX Going for a Relaunch? 

Another day, another FTX news. Our roundup seems incomplete without FTX and SBF now…

So, in a recent development, FTX is planning on rising again! Its investment banker revealed that the firm is reviewing bids to reanimate the dead exchange.

But with billions owed, can a relaunch work? Or is the team planning for a bigger and better rug pull? Find out which investors are willing to risk their money to revive the exchange!

That wraps up today's piping-hot crypto news! Check back tomorrow as CoinMarketCap keeps you plugged into the events moving markets.

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