Ethereum Withdrawal Acceleration, CEX Net Outflow of 87,100 ETH in the Last 24 Hours

On October 8th, Binance released its reserve report for October. Compared to the September reserve report, Binance saw a reduction of approximately 570 BTC in holdings this month compared to September. Currently, it holds 20,686 BTC. Based on the current price of $122,000, the net divestment amounts to approximately $69.54 million. In addition, in October, Binance once again decreased its Ethereum holdings. The net holdings decreased from 113 ETH in September to 3 ETH at the beginning of October. In October, Binance increased its USDT holdings by 1.1 billion USDT. The net holdings increased from 980 million USDT in September to 2.08 billion USDT at the beginning of October.

On October 8th, THENA presented a one-year roadmap for the future, encompassing the following aspects: On-chain Native Options: These are constructed directly upon centralized liquidity pools. This architectural approach enables participants to directly engage in the purchase or sale of simple call and put options centered around a designated strike price. Meanwhile, liquidity providers have the opportunity to earn premiums within a completely decentralized setting. DeFAI Brokerage: It will be implemented in phases. This involves analyzing user portfolios, historical behaviors, and market conditions to recommend the most suitable liquidity pools. It also enables real-time dynamic rebalancing of positions and helps mitigate impermanent loss. THE Launchpad: As previously mentioned in the roadmap, it is now closer to becoming a tangible reality than ever before.

On October 8th, the Federal Reserve is gradually getting closer to a crucial point in the year for another interest rate cut. The meeting minutes are scheduled to be released early on Thursday morning Beijing time, and it is expected that these minutes will reveal the majority of officials' decision-making ideas regarding further rate cuts. In last month's economic projections, 10 Fed officials supported two more rate cuts this year, while another 9 officials preferred just one rate cut or to maintain the current rate. This meeting minutes will assist the market in clarifying the specific focus and severity of the differences among officials. Samuel Tombs, the Chief U.S. Analyst at Pantheon Macroeconomics, said, "We anticipate that the meeting minutes will show significant divergences. However, these views have already been reflected in the public speeches of officials during the past three weeks." (Golden Finance)

October 8th. Plume declared the acquisition of Dinero, which is the fastest-growing institutional-grade staking protocol on Ethereum. This acquisition is going to integrate staking capabilities for ETH, SOL, and BTC into the Plume ecosystem, enabling institutions and DeFi users to earn yield and manage tokenized assets on the same platform. It is reported that Dinero's staking product is the yield-bearing token ipxETH, and the current total value locked (TVL) has reached $125 million.

October 8th: As gold reached a historical high exceeding $4,000 per ounce for the first time, the price of Bitcoin witnessed a slight retreat. This pullback was set off by profit-taking in the crypto market following a rapid 7.7% surge within less than a week, along with significant gains in whale accounts. Additionally, the US Dollar Index has ascended to a two-month high. Nevertheless, institutional interest in Bitcoin remains robust: Last week, the US Bitcoin spot ETF witnessed a net inflow of more than $3 billion, pushing the total net inflow beyond the $60 billion mark, with an extra $2 billion injected this week. Analyst Linh Tran declared, "In the short run, Bitcoin's fundamentals continue to appear favorable, underpinned by expectations of monetary easing, continuous ETF inflows, and persistent safe-haven demand. If the Federal Reserve indicates a more definite commencement of an easing cycle in upcoming meetings, Bitcoin is likely to potentially explore new price domains in t

On October 8th, as per the monitoring of LookOnChain, a new address 0xedf1 (presumably belonging to Bitmine) purchased 20,020 ETH through FalconX two hours ago, which is approximately equivalent to $89.7 million.