Hakan Ateşler 
The rise in Bitcoin also reflected positively on spot ETF products. While there was a net inflow of $458 million to Bitcoin spot ETFs on yesterday’s trading day, the total of the last 4 days exceeded $1.6 billion.
The Italian government’s idea to increase the capital gains tax on Bitcoin from 26% to 42% infuriated Paolo Ardoino, the Italian CEO of Tether. Ardoino said, “Italians, of course, have no right to fight inflation! Please breathe less,” he said.
Analysts at JPMorgan, one of the world’s largest investment banks, stated that they expect rises in Bitcoin and cryptocurrencies for 2025. In their latest reports, experts have put forward a total of 5 reasons for the rises in the coming period.
Marathon Digital, which is shown as the world’s largest Bitcoin mining company, showed some of its Bitcoins as collateral for a new loan purchase. The loan company accepted the collateral and approved a $200 million loan.
While it is known that the declines in meme coins are as harsh as the rises, the team made a big sale in TURBO, which was recently listed on Binance.
OKX, considered the world’s second largest cryptocurrency exchange, has decided to delist 6 tokens. The relevant cryptocurrencies will be removed from the platform on October 24. The exchange will also start supporting 12 trading pairs in USDC from tomorrow.
IOTA’s highly anticipated announcement was a big disappointment. The crypto project announced IOTA Labs, which it stated will be its new and independent economic arm. After the announcement, there was a reaction to the project team, especially on X. Expectations were that there was a much more important statement that would reflect positively on the price.
Arthur Hayes, one of the most followed names in the crypto world with his blog posts and comments, stated that he has only one meme coin left and that he sold the others due to developments in the Middle East. Hayes also claimed that every war in which the US is involved will eventually benefit Bitcoin.
About 3 weeks before the US elections, Donald Trump officially launched his own crypto project. WLFI, World Liberty Financial’s own token, saw more than 350 million purchases in the first 1 hour. The pre-sale platform collapsed due to high demand.
Blockstream, the company founded by Adam Back, one of the names in last week’s Satoshi documentary, received an investment of $210 million. The funds from the investment round led by Fulgur Ventures will be spent on more Bitcoin purchases, layer 2 technologies and mining activities.