The outflow from Bitcoin ETFs stands at $242.66 million, marking the drop since September 3rd.

At the beginning of October, it was reported that Bitcoin ETFs experienced a withdrawal of $242.66 million. This was the biggest since the beginning of September after hitting $1 billion spot Bitcoin ETF inflows, days before, on September 28. The blend of feelings mirrors the nature of the cryptocurrency market. While certain investors remain optimistic about Bitcoins growth others are cashing in and leaving the market. However, a lot of analysts are still confident about Bitcoin's prospects.

Is Bitcoin set to reach $70K in October?

Bitcoin is still dominating the spotlight in cryptocurrencies. In a report published on October 1 by FXStreet, it was suggested that Bitcoin might see an increase, to $70k by the end of this month. There has been a surge in investments in Bitcoin amounting to over $1 billion, per week. This positive outlook is fueled by investors' fear of missing out (FOMO) as they seek to capitalize on the uptrend of Bitcoin.

Binance’s CZ Released from U.S. Custody

On September 27, Binance founder Changpeng Zhao was released from U.S. custody after being drawn into a legal storm due to regulatory practices in Binance. CZ's legal troubles highlight the larger obstacles that players in the digital asset sector have on their path as governments toughen up global regulations to challenge them.

Trump Commits To Crypto: World Liberty Financial and Crypto is the Capital of America

The announcement by former U.S. President Donald Trump on September 30, bluntly outlined his vision and the future of cryptocurrencies in the United States. At a public event, Trump stated that he would turn America into the “crypto capital” of the world. It is worth noting that his statements came soon after the announcement of the World Liberty Financial project — a platform for financial freedom based on decentralized technologies. His post on X stated, “The whitelist for eligible persons is officially open – this is your chance to be part of this historic moment.”

The comment from Trump signals a rising political curiosity in cryptocurrency. That stance is similar to positions taken by tech figures like Elon Musk, who floated a digital currency at one point for better government functions.

Cryptocurrency Gets Political Support, Prices Fluctuations

Reported on September 30th, Grayscale Investments and The Harris Poll presented the changes in voters’ priorities as important voter issues in upcoming elections. According to the survey, only 34% of citizens in America believe it is important for a candidate who is vying for the presidency to state his/her stand on Cryptocurrency. The poll results highlighted that media coverage of cryptocurrency is no more a curiosity but is shaping wider political outcomes.

Claims Disputes at the SEC and Consumer Crypto Interactions at Token2049

The legal framework also remained hostile to the cryptocurrency business. On October 1, the SEC lodged an appeal against a court ruling that sought to limit its regulatory powers over digital assets. The SEC is now seeking to regain powers that a federal court has previously limited for the agency. Moreover, on October 3, the SEC underlined the necessity of having proper regulations in the sphere of stock market security. They added that the results of this court case could determine how digital assets will be governed in America.

Consumer Crypto: The Next Big Shift

Token2049 Singapore presented the debate over what is the next major consumer crypto trend. During a side event, specialists described different sectors where digital currencies slowly start to become incorporated into people’s daily lives. The Street, in particular, reported on the event and stressed that people now start to use cryptocurrencies as tools for daily settlements. As one of the speakers stated, “The future of crypto is much more than finance, it is about encompassing it in every action.”

Recent Technology Advancements and New Updates in Decentralized Exchange (DEX)

Two major developments in the tech sector that remained relevant this year include blockchain and artificial intelligence or AI. There was an article The Street that discussed the problem of availability of internet data for training these AI models. According to the Anderson, Nelson and Ragheb sources, as AI develops, new such things as the proper management of undersized data sets has emerged.

According to Lisa Gibbon's report, blockchain solutions might be to provide decentralized and transparent systems for sharing data. A source in the article mentioned that “AI and blockchain together present massive innovation opportunities, but conserving the data opportunity is the solution.”

AMA with SparkDEX From DeFi 1 to DeFi2 to DeFi 3

In decentralized finance, decentralized exchanges (DEXs) emerged to popularity with people rallying towards security and transparency. On September 27, Blockleaders conducted an AMA session with Sparkdex that has become increasingly popular recently due to concentrating on secure trading platforms.

The Sparkdex development team supported the initiative where they said, “We want users to be safe with the services they are offering out here.” Sparkdex’ approach reveals another important trend on the DEX market: user experience and security become the indicators for creating competitive advantages.

Hydro Online: Blockchain Platform Dedicated to be Used by Content Users and Viewers

At the beginning of October, Blockleaders revisited information about Hydro Online, a content creation aimed blockchain platform. Hydro Online itself provides a decentralized platform for sharing of content and generating revenues without compromising the ownership of the content. The founder of the platform said that the blockchain can help to fight unfair payments for content by digital creators, as they will have better control over distribution.

Conclusion

Another busy week in crypto, with regulatory actions, political involvement, and lots of specualton on price. And the continous fighting between the SEC and the main players shows no sign of abating.