Oct 25, 2024
Bitcoin experienced some volatility this week, trading between $69,225 and $65,440, but we seem to have landed in neutral territory with BTC down just 0.1% on the 7 day chart as of writing. Bitcoin ETF inflows have been steady thanks to Blackrock’s IBIT ETF, bringing in over $855 million.
Gold and Silver reached all-time highs this week amid a rising US Dollar, driven by global uncertainties and a potential Trump Presidency. Silver has flown under the radar lately as prices soared to new highs. Silver is used in a host of electronic products manufactured today and the rise of tech is only going to increase the demand for silver.
Stripe announced its $1.1 billion acquisition of stablecoin startup Bridge this week, validating the usage of stablecoins on public blockchains going mainstream in the world of online payments. The deal is the largest crypto acquisition by a major payments company to date.
A new proposal has been submitted to the Metal DAO by Paul Grey in support of new developers in the Metal L2 community. This proposal includes support for Thirdweb gaming plugin suite and developer tools, Agora Governance voting portal and funds for developers themselves to earn via hackathons and bug bounties. MTL holders can vote here.