Bitcoin and Stablecoin News, Bitcoin ETFs Up.

In the crypto world today, Stripe CEO said stablecoins would force banks to provide real interest for deposits. US listed spot Bitcoin exchange traded funds (ETFs), kicked October off with billions worth of inflows. And a crypto executive predicts that Bitcoin’s price cycle will continue.

Stripe CEO claims stablecoins would force banks into offering users competitive interest rates on deposits

Patrick Collison, CEO of Stripe, said that the stablecoins would force banks into adopting them. offer competitive interest rates Stablecoins that offer a yield are increasingly popular with customers.

Collison pointed to the average rates of savings offered by banks in Europe and America, all well below 1%. Stablecoins are a perfect solution for this. He wrote:

“Depositors are going to, and should, earn something closer to a market return on their capital. Some lobbies are currently pushing post-GENIUS to further restrict any kinds of rewards associated with stablecoin deposits. The business imperative here is clear — cheap deposits are great, but being so consumer-hostile feels to me like a losing position.”

According to data from RWA.XYZThe sector has continued to expand in response to a new comprehensive regulation bill that was signed into law by the United States.

Bitcoin ETFs kickstart “Uptober” With $3.2 billion, this is the second best week ever.

US-listed Bitcoin ETFs have begun the historically bullish October month with their second-best week of inflows since launch. This signals renewed investor confidence.

Spot BitcoinBTCETFs reported cumulative net assets of $3.24 Billion. positive inflows Over the last week, the amount of money spent by Americans on the average was almost equal to the $3.38 trillion that they had in the week ending November 22, 2024. according SoSoValue data.

The outflows from the prior week, which totalled $902,000,000, have been significantly reduced. Analysts said that the turn around was due to increased expectations for another US interest-rate cut. This has led to a positive sentiment towards risk assets.

The growing expectation of another US interest-rate cut has triggered a “shift in sentiment,” Investors are re-demanding Bitcoin ETFs. “bringing four-week inflows to nearly $4 billion,” Iliya Kalchev told Cointelegraph that he is the dispatch analyst of digital asset platform Nexo. “At current run-rates, Q4 flows could retire over 100,000 BTC from circulation — more than double new issuance.”

“ETF absorption is accelerating while long-term holder distribution eases, helping BTC build a stronger base,” He added that the key levels of technical support are near.

In October, the average return on Bitcoin is second best in history. This month, also known as “October”, has been known to provide Bitcoin with significant benefits. “Uptober” Crypto investors are a growing group.

The $3.2 billion in Bitcoin transactions this week briefly lifted the price of Bitcoin to $123,996 at one point on Friday. This was a six-week old high, last seen back on August 14. TradingView The data show.

“Very likely” Gemini’s exec: bitcoin cycle to continue.

Bitcoin may not follow the same four-year cycle as in previous years, but that does not mean it will be a failure. concept is entirely dead, According to a crypto executive.

“I think when it comes to the four-year cycle, the reality is that it’s very likely that we’ll continue to see some form of a cycle,” Saad Ahmad, the head of APAC for Gemini, spoke to Cointelegraph in a sitting-down interview held at Token2049, Singapore.

“It ultimately stems from people get really excited and overextend themselves, and then you kind of see a crash, and then it kind of corrects to an equilibrium,” Ahmed Ahmed

Ahmed added: growing institutional involvement The crypto-industry could absorb some volatility. “You’ll see some of the volatility, kind of flag off, but you’ll still see some sort of a cycle, because ultimately, it’s driven by human emotion,” Ahmed Ahmed