A whale transferred 1000 ETH to Binance after a year of hibernation

On October 16th, Keone Hon, a co-founder of Monad, announced on the X social media platform that "MonadExplorer has added a staking feature."

On October 16th, according to Arkham data, CI Global Asset Management holds ETH worth $6.2061 billion in its ETHX ETF. Among them, $1.3 billion of ETH is staked. And they still hold approximately $4.9085 billion worth of unstaked ETH in their ETF.

On October 16th, Ripple announced the acquisition of financial management system company GTreasury for $1 billion. This deal represents a substantial expansion for Ripple, opening up the multi-trillion-dollar corporate finance market and enabling access to a large number of enterprise clients. With more than forty years of experience, GTreasury offers financial operational support to globally renowned brands. Ripple CEO Brad Garlinghouse said: "For a long time, funds have been stuck in slow and outdated payment systems and infrastructure, resulting in unnecessary delays, high costs, and barriers to entering new markets - problems that blockchain technology is ideally suited to address. The combination of Ripple and GTreasury's capabilities will be a mutually beneficial one, allowing finance and treasury teams to finally put trapped funds to work, process payments in real-time, and unlock new growth opportunities."

On October 16th, as per CoinDesk, Coinbase has launched the stablecoin payment platform named Coinbase Business. This enables businesses to send and receive USDC. It will simplify the vendor payment process, eliminate chargeback problems, and offer seamless API integration to assist businesses in expanding efficiently. The USDC balances held on Coinbase Business can earn an annual percentage yield (APY) of 4.1% and can be withdrawn at any time through Wire or ACH to the associated corporate bank account. All transactions can be synchronized to QuickBooks or Xero by integrating with CoinTracker, allowing users to adopt cryptocurrency payments while remaining compliant.

On October 16th, as reported by Cointelegraph, on Thursday Bitcoin kept exerting pressure on the crucial support level. Meanwhile, signs of renewed buyer interest began to emerge. Investors purchased Bitcoin at around $110,000 when it dipped. As BTC dropped below $110,000, the order book liquidity on both sides of the price became a point of focus, with the current local low and the $112,300 resistance level being of great significance. Trader and analyst Rekt Capital pointed out that BTC has now filled the "gap" in the CME Bitcoin futures market. When referring to the Relative Strength Index (RSI), Rekt Capital noted a bullish divergence in the price, which might suggest a future upward trend. Crypto analyst Ted Pillows, based on his analysis of market sentiment, believes that the Bitcoin price may be establishing a local support bottom. The on-chain analysis platform Glassnode stated that entities holding 1 to 1,000 BTC are showing a "strong accumulation" signal. Even whales that h