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Crypto markets started this new week with a surge powered by a rare alignment of favorable macroeconomic shifts. According to CryptoSlate data, Bitcoin climbed to a fresh intraday high above $116,000 before stabilizing near $115,587 as of press time. Notably, this is its highest price level in weeks and shows that it is within sight […] The post Bitcoin rally smashes past $116k on softer Fed bets: What changes next? appeared first on CryptoSlate.

PANews reported on October 27th that according to CoinShares' latest weekly data, digital asset investment products saw net inflows of $921 million last week, boosted by lower-than-expected US CPI figures and rising expectations of interest rate cuts. The US saw inflows of $843 million, Germany saw $502 million, and Switzerland saw a net outflow of $359 million due to inter-institutional asset transfers. Bitcoin saw a net inflow of $931 million this week, bringing the total to $9.4 billion since the Federal Reserve began cutting interest rates. Year-to-date net inflows are $30.2 billion, down from $41.6 billion last year. Ethereum saw net outflows for five consecutive days, totaling $169 million. Solana and XRP saw cooling activity ahead of the expected US stock ETF launches, recording net inflows of $29.4 million and $84.3 million, respectively.

PANews reported on October 27 that according to the BNB Chain blog, the BNB Foundation announced the completion of its 33rd quarterly burn, destroying a total of 1,441,281.413 BNB, with an estimated value of approximately US$1.208 billion at the time of burning; the current total supply of BNB is approximately 137,738,379.26, and the goal is to reduce it to 100 million through Auto-Burn; this and subsequent burns will be carried out on BSC, and the funds will be sent to the "black hole" address.