๐ Global & Macro: No major macroeconomic or geopolitical headlines broke in this hour; market attention remains on institutional crypto adoption and on-chain capital flows.
๐ฆ RWA & Institutional: BlackRock’s spot Bitcoin ETF IBIT has surpassed 804,800 BTC in holdings, valued at approximately $65.19 billion as of October 8, underscoring the sustained institutional appetite for regulated crypto exposure.
โก Crypto & Markets: CHIP surged 33.54% in 24 hours with trading volume up 718%, while LUMIA also saw notable volume gains and JCT dropped 38.55%. Separately, Linea mainnet bridge inflows exceeded 1.36 million ETH across 1.326 million transactions and 597,300 interacting addresses.
๐ก Key Takeaway: Institutional accumulation via IBIT is hitting new records while speculative altcoin volatility spikesโtraders should watch position and leverage risks amid heightened market swings.