BTC traded at $81,605, down 0.52% over 24 hours, while ETH stood at $2,434.28, down 0.64%. Gold was at $4,186.70 and silver at $57.135; the S&P 500 and Nasdaq 100 fell 1.09% and 2.50%, respectively, while WTI and Brent rose 3.95% and 3.56%.
1. Bitcoin Spot ETF Logs $82.39M Daily Outflow, Led by IBIT
US spot Bitcoin ETFs logged a combined net outflow of $82.39 million yesterday (US Eastern time, Oct 16), according to SoSoValue data. BlackRock's IBIT led with $71.78 million in outflows, bringing its cumulative net inflows to $65.57 billion; Fidelity's FBTC posted $10.61 million in outflows, with cumulative net inflows of $10.46 billion.
Assets to watch: BTC, IBIT
2. Ethereum Spot ETF Posts $69.68M Daily Outflow
US spot Ethereum ETFs logged a net outflow of $69.68 million yesterday (US Eastern time, Oct 16), according to SoSoValue data. BlackRock's ETHA accounted for $69.68 million in outflows, with $12.49 billion in cumulative net inflows; the funds' total net assets stood at $14.95 billion, with $12.94 billion in cumulative net inflows.
Assets to watch: ETH
3. Solana Q3 App Revenue Rises 48% to $299.1M
Solana's Q3 application revenue rose 48% quarter-over-quarter to $299.1 million, the highest since Q3 2025, according to Blockworks data. On-chain spot DEX volume reached $197.2 billion, or 36% of cross-chain spot volume; tokenized stock quarterly volume hit $7.1 billion, including $4.4 billion in September alone.
Assets to watch: SOL
4. XRP Spot ETF Logs $2.47M Daily Outflow
US spot XRP ETFs logged a net outflow of $2.47 million yesterday (US Eastern time, Oct 16), driven solely by Canary's XRPC at $2.47 million, with $484 million in cumulative net inflows, according to SoSoValue data.
Assets to watch: XRP
5. Anthropic Co-Founder Sees AI Lifting US GDP to $44T by 2030
Anthropic co-founder Jack Clark said the company's internal economic model projects AI could lift US economic output to 44 trillion dollars by 2030, up from a level just above 30 trillion dollars today. Speaking at the IMF and World Bank annual meetings, he called for strict international rules for the technology.
Assets to watch: ANTHROPIC
6. Jump Trading to Make Markets in CME Compute Futures
Jump Trading and DRW are committing trading teams and proprietary capital to the emerging AI compute derivatives market, according to Bloomberg. Jump has formed a dedicated team and plans to make markets for the compute futures that CME is developing with Silicon Data, as well as a rival contract from ICE and Ornn.
7. Vitalik: Bitcoin Mining Cost Split Between Hardware and Power
Ethereum co-founder Vitalik Buterin posted that in Bitcoin mining's cost structure, computing-equipment capital expenditure and electricity each account for roughly half, whereas AI inference costs are almost entirely dominated by computing-equipment capital expenditure.
Assets to watch: BTC, ETH
8. Bitdeer Sells 294.2 BTC This Week, Keeps Holdings at Zero
Bitdeer said in a weekly update on X that as of Oct 16 it produced 294.2 BTC this week, all of which was sold, leaving net additions at zero and its Bitcoin holdings at zero, excluding customer deposits.
Assets to watch: BTC
9. USDC Circulation Falls by About 500M in Seven Days
In the seven days through Oct 15, USDC issuance was about 10.9 billion and redemptions about 11.4 billion, cutting circulation by roughly 500 million tokens, according to official data. Total USDC circulation stands at 72.5 billion tokens, with reserves of about $72.7 billion.
Market snapshot
BTC: $81,605 (24h -0.52%) | ETH: $2,434.28 (24h -0.64%)
Gold: $4,186.70 (+0.40%) | Silver: $57.135 (-0.04%)
WTI: $101.84 (+3.95%) | Brent: $109.69 (+3.56%)
S&P 500: 7,659.44 (-1.09%) | Nasdaq 100: 29,187.55 (-2.50%)
1. Bitcoin Spot ETF Logs $82.39M Daily Outflow, Led by IBIT
US spot Bitcoin ETFs logged a combined net outflow of $82.39 million yesterday (US Eastern time, Oct 16), according to SoSoValue data. BlackRock's IBIT led with $71.78 million in outflows, bringing its cumulative net inflows to $65.57 billion; Fidelity's FBTC posted $10.61 million in outflows, with cumulative net inflows of $10.46 billion.
Assets to watch: BTC, IBIT
2. Ethereum Spot ETF Posts $69.68M Daily Outflow
US spot Ethereum ETFs logged a net outflow of $69.68 million yesterday (US Eastern time, Oct 16), according to SoSoValue data. BlackRock's ETHA accounted for $69.68 million in outflows, with $12.49 billion in cumulative net inflows; the funds' total net assets stood at $14.95 billion, with $12.94 billion in cumulative net inflows.
Assets to watch: ETH
3. Solana Q3 App Revenue Rises 48% to $299.1M
Solana's Q3 application revenue rose 48% quarter-over-quarter to $299.1 million, the highest since Q3 2025, according to Blockworks data. On-chain spot DEX volume reached $197.2 billion, or 36% of cross-chain spot volume; tokenized stock quarterly volume hit $7.1 billion, including $4.4 billion in September alone.
Assets to watch: SOL
4. XRP Spot ETF Logs $2.47M Daily Outflow
US spot XRP ETFs logged a net outflow of $2.47 million yesterday (US Eastern time, Oct 16), driven solely by Canary's XRPC at $2.47 million, with $484 million in cumulative net inflows, according to SoSoValue data.
Assets to watch: XRP
5. Anthropic Co-Founder Sees AI Lifting US GDP to $44T by 2030
Anthropic co-founder Jack Clark said the company's internal economic model projects AI could lift US economic output to 44 trillion dollars by 2030, up from a level just above 30 trillion dollars today. Speaking at the IMF and World Bank annual meetings, he called for strict international rules for the technology.
Assets to watch: ANTHROPIC
6. Jump Trading to Make Markets in CME Compute Futures
Jump Trading and DRW are committing trading teams and proprietary capital to the emerging AI compute derivatives market, according to Bloomberg. Jump has formed a dedicated team and plans to make markets for the compute futures that CME is developing with Silicon Data, as well as a rival contract from ICE and Ornn.
7. Vitalik: Bitcoin Mining Cost Split Between Hardware and Power
Ethereum co-founder Vitalik Buterin posted that in Bitcoin mining's cost structure, computing-equipment capital expenditure and electricity each account for roughly half, whereas AI inference costs are almost entirely dominated by computing-equipment capital expenditure.
Assets to watch: BTC, ETH
8. Bitdeer Sells 294.2 BTC This Week, Keeps Holdings at Zero
Bitdeer said in a weekly update on X that as of Oct 16 it produced 294.2 BTC this week, all of which was sold, leaving net additions at zero and its Bitcoin holdings at zero, excluding customer deposits.
Assets to watch: BTC
9. USDC Circulation Falls by About 500M in Seven Days
In the seven days through Oct 15, USDC issuance was about 10.9 billion and redemptions about 11.4 billion, cutting circulation by roughly 500 million tokens, according to official data. Total USDC circulation stands at 72.5 billion tokens, with reserves of about $72.7 billion.
Market snapshot
BTC: $81,605 (24h -0.52%) | ETH: $2,434.28 (24h -0.64%)
Gold: $4,186.70 (+0.40%) | Silver: $57.135 (-0.04%)
WTI: $101.84 (+3.95%) | Brent: $109.69 (+3.56%)
S&P 500: 7,659.44 (-1.09%) | Nasdaq 100: 29,187.55 (-2.50%)