Bitwise Chief Investment Officer: Still Expects Bitcoin Spot ETF to Attract Record Inflows in Q4

On October 8th, according to the report in Fortune, the stablecoin startup Coinflow has successfully completed a Series A funding round worth $25 million. Participants in this round include Pantera, Coinbase Ventures, Reciprocal Ventures, Jump Capital, and others. The funds raised will be utilized to assist merchants in achieving more efficient fund flows by means of stablecoins.

On October 8th, when the U.S. stock market opened, the three major indexes showed an upward trend. The Dow increased by 0.25%, the S&P 500 rose by 0.2%, and the Nasdaq went up by 0.27%. The price of gold continuously hit new highs. Gold stocks witnessed an overall increase. GoldMining (GLDG.A) surged by 17%. (Golden Ten)

On October 8th, MetaMask made an announcement in a tweet that perpetual contracts have become live. Users are now able to trade perpetual contracts on the MetaMask mobile app, and a reward event will be coming soon as well.

On October 8th, according to Coinglass data, in the past 24 hours, the cumulative net outflow of CEX was 87,100 Ethereum. The top three CEX with outflows are as follows: · Coinbase Pro, with an outflow of 105,200 ETH; · OKX, with an outflow of 4,383.10 ETH; · KuCoin, with an outflow of 2,446.62 ETH. In addition, Bitfinex saw an inflow of 11,500 ETH, ranking first in the inflow list.

On October 8th, AEA Technology Alliance made an announcement. The native token STO of the full-chain liquidity distribution network Stake Stone has now become a part of AEA's core reserve assets. And it is planned to increase the reserve amount to up to 150 million STO. This strategic move enhances AEA's economic foundation and speeds up the comprehensive expansion of the STO ecosystem. Meanwhile, AEA has officially established a strategic partnership with StakeStone. The two parties will jointly explore AI trading applications and drive the next wave of digital asset innovation.

On October 8th, DDC Enterprise Limited, a company listed on the NYSE (NYSE: DDC), successfully completed a $124 million equity financing. The issuance price for this round was $10 per share, which was close to the average closing price over the past 15 trading days and at a 16% premium to the closing price on October 4th. This round of financing was led by PAG Pegasus Fund, OKG Financial Services Limited (a subsidiary of OKG Technology Holdings Limited), and Mulana Investment Management. DDC's founder, Chairman, and CEO, Jia Ying Zhu, personally invested $3 million, showing his confidence and commitment to the company's long-term value creation. To further express confidence in the company's strategic direction and long-term value creation, almost all participating capital (including the founder's investment) has agreed to lock up the stock for 180 days starting from the transaction date. The new funds from this round will support DDC's Bitcoin treasury strategy and help it become a