Futures-backed ETF expected next week, US #1 in global hashrate, BMN tranche four sells out in < 15 minutes, Morgan Stanley says Bitcoin is not going away, Fidelity sees BTC at $100,000, JPM thinks Bitcoin might be better than gold, and fund flows accelerate for the best week in almost six months

$60,000


Uptober sees BTC recover to $1T market cap, Tonga and Brazil eye BTC adoption, SEC eases regulatory fears, BofA says Bitcoin is too big to ignore, Soros reveals BTC position, and the market ignores Bloomberg’s latest Tether FUD.

One trillion dollars


Bitcoin reverse’s last week’s loss with a rip to $47k, Morgan Stanley buys the dip, Ark set sights on Canadian ETFs, fund flows turn a corner, BMN announces tranche four, El Salvador mines volcanoes for BTC, and the market eyes a seasonal 4Q uptick

Uncorrelated


Reports of new China ban, El Salvador buys the dip, Twitter adds BTC tipping, miners raise more money, $1.5T Invesco teams up with Galaxy on BTC ETF, and Robinhood eyes BTC on the balance sheet

China


BMN sells out in two minutes, Fidelity lobbying for BTC ETF, Cathie Wood reiterates $500k price target, Coinbase bonds oversubscribed, MicroStrategy sells stock to boost BTC war chest, and El Salvador promises foreigners no tax on BTC

Bounce


Energy and infrastructure giant Macquarie partners with Blockstream on mining, BMN tracking Bitfinex Securities listing, El Salvador buys 550 BTC and makes Bitcoin legal tender as Ukraine legalizes BTC and Panama looks set to follow

What’s happening in the markets?

Bad news is good news


Miners record $1.4B in monthly revenue, BMN breaks 1 BTC, Twitter working on BTC support, El Salvador approves $150M BTC fund, Skybridge capital expects $100K by year-end, Paul Tudor Jones rumored to be preparing new BTC fund, and volatility drops as BTC tests $50K

What’s happening in the markets?

Meme mania


Blockstream raises $210M and acquires hardware maker Spondoolies, BTC held by funds/corporates ticks higher as MST buys another $177M worth of BTC and fund flows flip positive, Morgan Stanley funds expand GBTC positions, futures-backed ETF may be just weeks away, and Cuba looks to follow El Salvador’s lead on Bitcoin

What’s happening in the markets?

Jackson Hole


Blackrock reveals $400M mining position, Fidelity looks to build on Bitcoin, JPM and Wells Fargo prepare tracker funds, Robinhood revenues double on crypto trading, and Blockstream readies Modular Mining Units to flatten lumpy energy demand

What’s happening in the markets?

Taper tank


Lightning’s Missing Piece

Blockstream

Blockstream is the global leader in Bitcoin & blockchain technology, making financial markets more efficient by reducing reliance on trust.

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