Bitcoin ETFs have recorded four straight days of inflows totaling $2.25 billion, with BlackRock, Fidelity, and ARK & 21Shares emerging as the top performers. Key Takeaways: Bitcoin ETFs pulled in $2.25 billion over four days, led by BlackRock, Fidelity, and ARK & 21Shares. IBIT topped the latest session with $466.55 million in inflows, as Bitcoin reclaimed $120,000. ETF momentum signals accelerating institutional demand at the start of historically bullish “Uptober.” Inflows for the latest tradi ...

关于以太坊长期估值的核心辩论 - 华尔街观点认为以太坊可能进入宏观超级周期，有100倍增长潜力，关键驱动因素包括华尔街采用、AI整合以及其作为合规、产生收益的区块链地位 [2] - 看涨方设定了近期目标价，预计到2025年达到4,000美元至15,000美元，长期上行空间基于历史比率和机构购买，预计可达20,000美元或更高 [3] - 加密原生研究者对看涨论点提出尖锐反驳，批评其分析为"金融文盲论点的组合" [3] 关于稳定币和现实世界资产采用的收入影响 - 反驳方指出，自2020年以来，代币化资产价值和稳定币交易量增长了100-1000倍，但网络费用水平与2020年几乎相同 [4] - 费用与活动增长脱节的原因包括以太坊升级效率提高、稳定币活动迁移至其他区块链，以及产生极少费用的低流通性资产的代币化 [5] - 代币化的早期主要受益者并非以太坊，而是Solana、Arbitrum和Tempo等竞争对手，例如Tether决定将USDT活动扩展到Plasma和Stable等新链 [6] 关于"数字石油"叙事与机构需求 - 看涨方将以太坊定性为"数字石油" [6] - 反驳方认为，石油是一种大宗商品，其经通胀调整的价格在一个世纪内保持区间波动，因此即使以太坊被视为大宗商品，也并非看涨信号 [6][7] - 机构积累并质押以太坊以用于其代币化策略的看涨论点，未能说服反驳方 [8]

XLM rebounded strongly after facing overnight selling pressure, with the token climbing back above $0.39 during European trading hours on Tuesday. The move followed a sharp dip that saw the asset fall from $0.39 at 2 a.m. UTC to $0.38 by 4 a.m., marking the session’s steepest decline. Elevated trading activity around the $0.38 level signaled strong demand, helping to establish that zone as a key support area. The bounce gained momentum as markets in Europe opened, pushing XLM back toward $0.39. Analysts n ...