🔥 Summary of Today's Major Crypto Market Events – October 18 🚀

1️⃣ SEC's decision today on the Grayscale Spot XRP ETF (on the NYSE Arca) — a crucial moment that could determine the future of XRP! ⚖️

2️⃣ ETF Flows:

• BTC 🔻 −$366.6M

• ETH 🔻 −$232M

👉 Sentiment "risk-off" before the weekend.

3️⃣ Exchange Flows over 24 hours:

• BTC −$1.81B

• SOL −$446M

• ENA 🟢 +$117M (notable positive flow)

4️⃣ a16z's $50M investment in Jito — strong support for Solana's infrastructure 🌐

5️⃣ Ripple acquires GTreasury for $1B 💥

A massive step to enhance XRP adoption in the institutional payments sector.

6️⃣ Abracadabra exploit ($6.5M) was quickly contained 🔒

7️⃣ Mint error from Paxos ($PYUSD) led to the erroneous issuance of $300 trillion 😳

It was immediately burned — operations are safe and sound ✅

8️⃣ Market derivatives are in light positioning — we await rebuilding of funding positions and open interest.

📊 Market Statistics:

💰 Market Cap: ~$3.7T

📈 Trading Volume: ~$155B

💎 BTC: $107.4K

💎 ETH: $3.86K

💎 SOL: $182

📊 Bitcoin Dominance (BTC.D): 57%

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