Key Takeaways
- • US spot Bitcoin ETFs recorded $398.62 million in net outflows on the prior trading day, per SoSoValue data, with BlackRock's IBIT alone posting $405.30 million in withdrawals.
- • Fidelity's FBTC was the top net inflow fund at $6.68 million, while total historical net inflows stand at $56.58 billion across Bitcoin spot ETFs with total net assets of $98.12 billion.
- • Zcash's NU7 upgrade, scheduled for activation around November 5 at block height 3,543,405, will cut target block times from 75 to 25 seconds under ZIP 218.
- • Standard Chartered launched a 24/7 corporate tokenized deposit solution in Hong Kong on November 2, built on the HKMA EnsembleTX infrastructure and settled in central bank money and wCBDC.
- • Arbitrum's Security Council moved 8,425 ETH and 74,559,805.2 ARB linked to the Binance hack into a holding address that requires a DAO governance vote to release.
Summary
US spot Bitcoin ETFs recorded net outflows of $398.62 million on the prior day, according to SoSoValue data. BlackRock's IBIT led withdrawals with $405.30 million, while Fidelity's FBTC posted the largest daily inflow at $6.68 million. IBIT's cumulative net inflows stand at $65.91 billion and FBTC's at $10.18 billion. Across the complete Bitcoin spot ETF category, net assets total $98.12 billion, representing an ETF net asset ratio of 6.36%, and historical cumulative net inflows reached $56.58 billion. The source does not establish the reasons behind the outflows.
Zcash is preparing its NU7 network upgrade, scheduled to activate around November 5 at block height 3,543,405. Under ZIP 218, the network will target a new block every 25 seconds, down from 75 seconds, which the publication estimates could cut the wait for three confirmations from nearly four minutes to roughly 75 seconds. The article notes that governance tensions and falling prices are testing investor confidence ahead of the upgrade.
Cardano (ADA) traded near $0.188 on Tuesday after losing a key support level in the prior session. CoinGlass reported a long-to-short ratio of 0.8248, approaching its lowest reading in more than a month, signaling cautious derivatives positioning. ADA has slipped below a previously rising support trendline, which now acts as resistance near $0.218.
On November 2, Standard Chartered launched its corporate tokenized deposit solution in Hong Kong, the first deployment of the service within the group. The initiative, backed by HKMA EnsembleTX infrastructure, enables real-time commercial fund settlement 24/7 using central bank money and wCBDC. The bank said the structure integrates regulated deposits with blockchain programmability to optimize treasury management and interbank liquidity while reducing counterparty risk.
Arbitrum's Security Council used a temporary contract upgrade on October 30 at 08:08 HKT to move 8,425 ETH and 74,559,805.2 ARB linked to the Binance hack, according to the network's emergency-action notice. Council members verified and signed a temporary change to the Ethereum inbox contract, which was reverted after the transfers. The assets now sit in a holding address that requires an ArbitrumDAO governance vote before they can move again.
Zcash is preparing its NU7 network upgrade, scheduled to activate around November 5 at block height 3,543,405. Under ZIP 218, the network will target a new block every 25 seconds, down from 75 seconds, which the publication estimates could cut the wait for three confirmations from nearly four minutes to roughly 75 seconds. The article notes that governance tensions and falling prices are testing investor confidence ahead of the upgrade.
Cardano (ADA) traded near $0.188 on Tuesday after losing a key support level in the prior session. CoinGlass reported a long-to-short ratio of 0.8248, approaching its lowest reading in more than a month, signaling cautious derivatives positioning. ADA has slipped below a previously rising support trendline, which now acts as resistance near $0.218.
On November 2, Standard Chartered launched its corporate tokenized deposit solution in Hong Kong, the first deployment of the service within the group. The initiative, backed by HKMA EnsembleTX infrastructure, enables real-time commercial fund settlement 24/7 using central bank money and wCBDC. The bank said the structure integrates regulated deposits with blockchain programmability to optimize treasury management and interbank liquidity while reducing counterparty risk.
Arbitrum's Security Council used a temporary contract upgrade on October 30 at 08:08 HKT to move 8,425 ETH and 74,559,805.2 ARB linked to the Binance hack, according to the network's emergency-action notice. Council members verified and signed a temporary change to the Ethereum inbox contract, which was reverted after the transfers. The assets now sit in a holding address that requires an ArbitrumDAO governance vote before they can move again.
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