ECB paper claims older Bitcoin holders are exploiting new holders. Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation. *First page of ECB paper. Source: European Central Bank, SSRN.*

Bitcoin now has $1T ‘market cap lead’ over ETH amid $68K price. Bitcoin has surpassed Ethereum’s market capitalisation by over $1 trillion and one crypto analyst pointed out it is a new all-time high "for the spread."

Bitcoin Ordinal Sales Surge by 1,816%—And It’s Just Part of This Week’s NFT Shakeup. Amid the broad uptick in crypto asset markets, non-fungible token (NFT) sales saw a 22.38% increase this past week. NFT sales managed to rake in $92.95 million this week and Ethereum and Bitcoin NFT sales led the way.

Bitcoin ETF liquidity set to surge after SEC options approval — QCP To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.

$230M Bitcoin Heist Takes Dark Turn — $100M Still Missing, FBI Probes Kidnapping Link. Two young men pulled off a $230 million bitcoin heist in one of the largest crypto thefts from a private individual in U.S. history. But after indulging in luxury cars and a $2 million watch, the story took a sinister twist. Now, prosecutors say the crime may be tied to a shocking kidnapping — and more than $100 million is still missing.

Morgan Stanley Discloses $272 Million in Bitcoin ETF Holdings. In a 13F-HR/A filing with the US Securities and Exchange Commission on Thursday, Morgan Stanley disclosed it holds $272 million worth of the Bitcoin investment vehicle as of the end of the third quarter.

U.S. Election Betting: Federal Court 'Erred' in Letting Kalshi Launch Prediction Markets, CFTC Says. The regulator filed its opening brief in its appeals case to tamp down on political event contracts.

Rebar aims to launch Bitcoin-native MEV Shield by end of 2024 — CEO The startup is onboarding BTC miners representing a “sizable amount” of the Bitcoin network’s total hashrate, according to Alex Luce.

SEC approves NYSE, CBOE listings of Bitcoin options ETFs Traders believe that the approval of options for Bitcoin exchange-traded funds will inject much-needed liquidity into the markets. *Source: Securities and Exchange Commission*

Global Bitcoin ETPs Register Biggest Seven-Day Inflow Since July In the past four trading days, Bitcoin ETFs have purchased around 48 days of the mined bitcoin supply.

October Boosts Bitcoin Miners' Revenue—But How Will the Election Shift the Market? With bitcoin prices on the rise in October, miners are seeing a bit more cash in their pockets compared to the start of the month. The network’s hashprice, which represents the value of one petahash per second (PH/s) of hashpower, has climbed by over 14% this month.

Malta-Based Investment Company to Follow Microstrategy's Bitcoin Playbook. Samara Asset Group, a Malta-based investment company focused on seeding tech and crypto startups, aims to follow the Microstrategy playbook by announcing a bond whose proceeds will grow its bitcoin portfolio.

FBI arrests hacker behind SEC fake Bitcoin ETF approval Eric Council Jr. faces charges of conspiracy to commit aggravated identity theft and access device fraud.

Solv launches Bitcoin staking token on Solana Bitcoin’s emerging layer-2 and DeFi ecosystems are sparking competition for BTC liquidity on other chains. *Jupiter Exchange TVL. Source: DefiLlama*

Bitcoin to pump if oil, energy prices surge amid Middle East tension: Hayes BitMEX co-founder Arthur Hayes predicts Bitcoin's price will rise alongside surging oil and energy prices if tensions between Iran and Israel boil over.

STKD launches Bitcoin and gold ETF as ‘debasement trade’ gains traction The fund touts leveraged exposure to Bitcoin and gold as investors brace for inflation and geopolitical strife.

Bitfinex hacker should get 5 years jail for 120K BTC heist: Feds Ilya Lichtenstein, who stole 120,000 Bitcoin in a 2016 hack of Bitfinex, should receive a reduced sentence of five years in prison, prosecutors say. *An excerpt from the prosecutor’s sentencing memorandum shows part of the reasoning behind the recommendation for a reduced prison sentence for Lichtenstein. Source: Pacer*

Bitcoin ETFs hit $20B milestone as price remains stuck in downtrend Bitcoin price remains in a seven-month downtrend despite the record ETF net flows. *Bitcoin ETF net flows. Source: Eric Balchunas*

Tesla moves entire $765M Bitcoin stash to unknown wallets Before the mass transfer, Tesla’s Bitcoin wallet had remained dormant since June 2022. *Transfers from Tesla to an unknown wallet address. Source: Arkham Intelligence*

Italy to raise capital gains tax on Bitcoin from 26% to 42%. In addition to raising the withholding tax on Bitcoin capital gains to 42%, Italy also plans to remove the 750,000 euro web tax threshold.