Bold Forecast from Citigroup on Cryptocurrencies! 📰
With $2.62 trillion in assets under management, Citigroup now predicts $BTC reaching $133 thousand and $ETH hitting $4,500 by the end of 2025. This demonstrates a growing conviction from the traditional financial sector that the next leap of cryptocurrencies is just beginning.
The tide is clearly turning in favor of digital assets! 💰
📈 Ethereum Surpasses Bitcoin in ETF Inflows on September 29
📌 $BTC ETFs attracted $521.95 million, led by Fidelity's FBTC (+$298.7 million) and Ark/21Shares (+$62.18 million). The biggest setback came from BlackRock's IBIT (-$46.64 million outflow). The total trading volume of BTC ETFs reached $4.61 billion, with liquid assets now at $150.41 billion (≈6.61% of BTC's market capitalization).
📌 $ETH ETFs captured $546.96 million across all nine products, slightly ahead of BTC. Fidelity's FETH (+$202.18 million) and BlackRock's ETHA (+$154.2 million) led the increase. Trading volume reached $1.89 billion, with liquid assets at $27.54 billion (≈5.40% of ETH's market capitalization).
A reversal from last week's outflows, with ETH surpassing BTC in daily ETF demand — a sign of growing institutional interest beyond Bitcoin.
The upgrade of the token \$MATIC \" → \"$POL \" is almost completed ✅"
More than 99% of the network has already transitioned. \$POL \" is the multi-purpose validator token that powers the entire Polygon ecosystem, protecting the network and enabling the future of Polygon 2.0."
This update unlocks new utility and positions Polygon at the center of scaling, staking, and growth of the ecosystem.
🚨LATEST NEWS: The US Government has officially entered a shutdown after funding expired at midnight. 🇺🇸 Federal agencies, workers, and public services now face immediate disruptions until lawmakers reach a new budget agreement. Millions will feel the impact from delays in government employee paychecks to disruptions in critical services. Strangely, markets have never been affected by shutdowns and, instead, have risen in the past.
Binance re-launches free card with cashback in crypto for users in Brazil Binance and Mastercard announced the re-launch of the Binance Card in Brazil, now with free access for all verified customers in the country. The card functions like a prepaid credit card, allowing the user to choose up to 10 cryptocurrencies for payment, setting the order of use. At the time of purchase, the cryptocurrencies are automatically converted into reais, ensuring that the establishment receives in fiat currency without complications for the merchant. This new Binance Card offers up to 2% cashback in crypto on eligible purchases, amplifying the everyday use of cryptocurrencies. The card can be used at over 150 million establishments that accept Mastercard worldwide. The issuance of the digital card is done immediately after the request, and the physical card is delivered later. For Binance, the re-launch of this card reinforces its positioning as a complete financial ecosystem, not just a cryptocurrency exchange. The company seeks to bridge the gap between the crypto universe and the traditional financial system, enhancing the usability of digital assets in users' daily lives. #Binance #CZ
On September 29, the ETFs carried $518 million in $BTC and $546.9 million in $ETH , a clear sign of increasing institutional demand for both major assets.
When the big players move so intensely, it usually sets the stage for what comes next! 🚀