Michael Hartnett, Chief Strategist of Bank of America, pointed out in his latest report that according to EPFR data, global markets showed various changes in fund flows last week, with a total of $2.3 billion flowing into the cryptocurrency market, reaching a new high in accumulated size.
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Bank of America Chief Strategist: Cryptocurrency Market Fund Inflows Reach New Highs
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On October 24, according to Coinglass data, the total liquidation amount across the cryptocurrency market reached $200 million in the past hour, with long positions accounting for $191 million and short positions for $8.76 million, indicating a strong dominance of bulls. By cryptocurrency, Bitcoin saw liquidations of $59.74 million, while Ethereum experienced liquidations of $53.03 million. -
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CMCC Global Plans to Issue Tokenized Bitcoin Fund in El Salvador in Partnership with Tether and Bitfinex Securities
On October 24, investment management company CMCC Global announced plans to represent its two digital asset funds—Crest and the Liberty Bitcoin Accumulation Fund (LBAF)—in token form. These tokens will be issued and managed through Tether's Hadron infrastructure and distributed by Bitfinex Securities under El Salvador's digital asset framework. Both funds operate as fund-of-funds structures. Crest is priced in USD and aims to outperform U.S. Treasury yields, while LBAF is priced in Bitcoin with a target annual net return of 8% to 12% (BTC), which is an investment target rather than a guaranteed payment. The tokens represent economic rights to the underlying fund shares, minted according to corresponding shares and destroyed upon redemption, still subject to legal and operational conditions, and are not unlicensed tokens. Issuance requires identity verification, anti-money laundering checks, and whitelist addresses; Bitfinex Securities will provide issuance, distribution, and secondary trading. The institution BTCS S.A. has tentatively agreed to provide a three-digit Bitcoin anchor configuration (specifics not disclosed). The issuance price is set at $10 per Crest token and 0.0001 BTC per LBAF token. -
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Abraxas Capital Achieves Record $193 Million Profit in Hyperliquid Perpetual Contracts
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