19 biggest financial institutions hold €9.4 billion worth of crypto
According to the global banking regulation standard Basel Committee’s latest report, the 19 largest financial institutions hold €9.4 billion worth of crypto, which equates to 0.14% exposure.
According to the data, Bitcoin (BTC) and Ethereum (ETH) are the most held assets. Amongst all 19 institutions, Bitcoin exposure is at 31%, while Ethereum’s is at 22%.
Crypto exchange volumes grew 16% in September after a 3-month lull
September’s trading volumes saw the first notable increase since May of this year, The Block’s Data Dashboard shows. September’s exchange trading volume jumped to $733 billion, or a 16% month-over-month increase.
The Block’s Legitimate Volume Index reported volumes of $629 billion for June, $633 billion for July and $630 billion for August.
After FTX.US, CME Group proposes direct derivatives trading
CME Group, one of the largest exchanges for trading of derivatives and other financial contracts, filed paperwork to register as a so-called futures commission merchant (FCM), according to a report by The Wall Street Journal.
If the exchange’s plans are approved by regulators, then traders would be able to trade derivatives directly through CME rather than through brokers. CME’s plan is similar to FTX.US’s proposal to allow traders to post margin and trade crypto derivatives directly on its platform.
Ethereum Merge spikes block creation with a faster average block time
On Sept. 15, Ethereum completed the Merge upgrade after successfully transitioning the network to PoS. On the same day, the number of blocks created daily shot up by roughly 18% — from approximately 6,000 blocks to 7,100 blocks per day.
Complementing this move, the average block time — the time it takes the miners or validators within a network to verify transactions — for Ethereum dropped over 13%, as evidenced by data from YCharts.
Over 34,000 BTC moved off exchanges in single day
On-chain analytics firm Santiment reports that 34,723 BTC moved off exchanges Sept. 30, marking the highest in more than three months and the fourth largest Bitcoin move in 2022.
In its most recent analysis, on-chain data analytics firm CryptoQuant notes that exchange reserves have decreased by more than 60,000 BTC during the last three days. It states that this remains the highest amount in months and might be a sign of demand returning to the market after months of price declines.
Shiba Eternity ready for worldwide launch
According to BeInCrypto, SHIBA INU’s new Shiba Eternity Card game will roll out to iOS and Android users worldwide on Oct. 6, 2022. 5% of all profit from playing the game will be burned.
Russia to supply electricity to Kazakhstan’s cryptocurrency miners
Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. To allow that, the two partnering nations will amend a bilateral agreement governing the coordinated operation of their energy systems.
According to the crypto news page of the Russian business information portal RBC, in accordance with the new arrangements, Inter RAO, which holds monopoly on the export and import of electricity in Russia, will be able to sell in Kazakhstan under contracts concluded on commercial terms directly with the mining firms working there.
Binance officially launches crypto exchange in New Zealand following regulatory approval
Global crypto exchange Binance announced that it has successfully registered as a financial service provider with the New Zealand Ministry of Business, Innovation and Employment (MBIE). The crypto exchange also announced the official launch of Binance New Zealand (Binance NZ).
The company is also reportedly trying to reenter the Japanese crypto market after exiting it four years ago.
Whale accumulated more than 41,000 ETH
According to Whale Alert, in the last 24 hours, 41,159 ETH was transferred from an unknown wallet to an unknown wallet. This amount of ETH is worth $54,696,831.
1.7 billion SHIB sent to dead wallet in 24 hours
According to the Shibburn website, there have been a total of 268,160,328 SHIBA INU tokens burned in the last 24h.
A staggering 1,743,878,414 SHIB were sent to dead wallets in September due to the SHIBA INU community’s enthusiasm for burning tokens, as seen in the 382 transactions being made.