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Crypto

Ethereum net outflows from exchanges jump to four-month high

Ethereum saw its largest net outflow from centralized exchanges in about 4 months, with roughly 169,770 ether leaving in a day, Santiment said. The move has raised expectations of a rebound as potential sell supply on exchanges may decline. Analysts cautioned the withdrawals alone do not confirm accumulation or a price bottom. Meanwhile, spot Ethereum ETFs continued to see net outflows, with cumulative net withdrawals topping $1 billion from Oct. 1 to 22, data showed.

Crypto

XRP treasury firm Evernos pursues Strategy-style fundraising, size unclear

Evernos, an XRP treasury firm, plans to raise about $80.7 million by selling up to 5,218,935 newly issued Class A common shares to CF Principal Investments, an affiliate of Cantor Fitzgerald. It estimates net proceeds of about $78.3 million after fees and costs. The company plans to use most of the funds to buy more XRP. It is also pursuing funding through warrant exercises that could bring in about $132.2 million if fully exercised in cash.

Crypto

Bitcoin holds near $80,000 as ETF demand and inflation data come into focus

Bitcoin is holding near $80,000, a level seen as short-term support linked to spot bitcoin ETFs and the estimated average purchase price of listed companies\' holdings. Spot ETF net inflows fell to $23.2 million on Oct. 20 from $526.7 million a day earlier, though inflows remained positive on both days. Markets are watching Friday inflation data for its impact on rate expectations, ETF inflow momentum and downside support.