A Bitcoin whale with $11 billion recently re-entered the market after two months, transferring $360 million. This trend suggests potential movement towards Ethereum. The SEC’s recent receipt of 31 ETF applications also contributes to expectations of an ‘Uptober’ rally.
DeFi liquidity has hit a record high of $237 billion, although daily active users dropped by 22% in the last quarter. Japan’s new Prime Minister may refine crypto regulations, while challenges in decentralized systems highlighted by Afghanistan’s internet blackout are noted.
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