CoinEx Daily：Bitcoin prices are in volatile territory; FTX Reaches $228M Settlement with Bybit

Overview

Bitcoin price remains in a range around $67,000. FTX has announced a settlement agreement with the crypto exchange Bybit, which will pay $228 million as part of the settlement. FTX will recover digital assets worth $175 million from Bybit’s platform, while Bybit’s investment arm, Mirana Corp., will acquire additional assets, including BIT tokens, for $53 million.

Daily Macro

Bitcoin Market :Bitcoin Market Situation: Bitcoin price remains steady, consolidating around $67,000, while the altcoin market has seen notable declines.

Bitcoin ETF :Preliminary reports as of October 28 indicate a net inflow of $401 million last Friday.

Ethereum ETF :Preliminary reports as of October 28 show a net outflow of $19.2 million last Friday..

Macroeconomic Data :Bitcoin ETFs saw strong inflows last week, nearly reaching $1 billion, while Ethereum ETFs showed a lack of momentum with no net inflows.

Daily Focus

BAN

Reason for Focus:Recently popular MEME project suspected of insider trading. Sotheby’s Vice President allegedly profited over $1 million through an internal wallet on BAN.

Related Token Performance (24H):

BAN: +26.6%

Market Outlook: BAN’s market cap surged to nearly $70 million yesterday before dropping to $27 million. Given its high volatility, investors are advised to carefully assess the risks of participation.

Next Focus

GRASS

Reasons for Focus: The first round of GRASS airdrop is scheduled for October 28, 2024, at 13:30 UTC. This will be one of the most widely distributed airdrops in history.

Market Outlook: As a popular AI project, users are advised to check their eligibility to claim the airdrop promptly to avoid missing out on the assets.