đĽ Market Brief â Thursday, October 16
Gold continues to rally to new all-time highs, while Bitcoin (BTC) dips near $111K and altcoins follow with broader corrections.
đ Global Macro Updates
⢠U.S.âChina Tensions: The U.S. is reportedly preparing 500% tariffs on Chinese goods in retaliation for Beijingâs oil purchases from Russia. President Trump officially confirmed that âa trade war is underway.â
⢠U.S. Shutdown: The Senate has rejected the Republican-led budget proposal for the ninth time, extending the U.S. government shutdown to Day 15.
đš ETF Spot Flows (Oct 15)
⢠BTC ETFs: Net outflow of â$104.1M â Grayscale sold â$82.9M, BlackRock â$10.1M.
⢠ETH ETFs: Inflow of +$169.2M, with BlackRock adding +$163.9M.
⢠SOL ETFs: REX-Osprey led inflows with +$15.1M.
đŚ Exchange & Ecosystem News
⢠Coinbase adds BNB to its listing roadmap â marking its first public support for a rivalâs native token.
⢠Ethereum Foundation deposited 2,400 ETH (~$9.6M) and $6M in stablecoins into Morphoâs yield vaults.
⢠Paxos accidentally minted 300 trillion PYUSD due to a technical error but burned all tokens within 20 minutes, confirming no user impact.
⢠A 1M-subscriber Dota2 YouTube channel was hacked to promote a Solana memecoin.
⢠Zeta Network x Solv Protocol to raise $231M for a BTC reserve via SolvBTC tokenization.
⢠Eric Trump partners with WLFI on a real estate tokenization project using USD1, offering holders access-based benefits.
⢠Thumzup Media, backed by Trumpâs son, is exploring DOGE reward integration for its social engagement app.
đ Airdrop Updates
⢠FOMO Airdrop: Now live on BNB Chain.
⢠Recall Airdrop: Claim phase ongoing.
⢠Dango Airdrop: Testnet-3 participation open.
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