POKKET: Crypto Market Update (Oct 20)


24-Hour Crypto Prices:

BTC – $63,841.23 +3.2% πŸ“ˆ 

ETH – $3,853.89 +1.6% πŸ“ˆ

LINK – $26.02 +0.2% πŸ“ˆ

BNB – $484.37 -1.5% πŸ“‰

BITO, the first U.S. Bitcoin ETF reached $1 Billion trading volume on the first day.  Based on first-day trading volume, this would rank the ETF as one of the highest ever.

On the same day as the launch of the first U.S. Bitcoin ETF, Grayscale starts the process for a physical Bitcoin ETF with the NYSE.

Polkadot founder Gavin Wood announced a $777 million development fund to support network growth last Sunday. The fund will be used to push forward the community’s vision with β€œbuilding, improving, and educating” Polkadot’s shared ecosystem. 

The development fund was revealed less than one month before Polkadot parachain auctions begin in early November.

Facebook chooses Coinbase to provide custody of their new digital wallet called Novi. The Novi wallet enables people to send and receive money abroad instantly, securely and with no fees, according to David Marcus.  

Blockchain project Terra is expected to have significant growth in early 2022. β€œ[M]ore than 60 projects are expected to launch in six to eight weeks and more than 100 have recently announced plans to launch for the end of the year or early 2022,” Do Kwon, Co-Founder of Terraforms Labs, told AsiaMarkets.

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