Bitcoin and Ethereum Spot ETFs See Net Outflows as South Korean Police Investigate Polymarket Users

Bitcoin spot ETFs experienced a total net outflow of $296 million yesterday, with BlackRock's IBIT leading the way at $144 million. Ethereum spot ETFs also saw a total net outflow of $224 million, with BlackRock's ETHA at the forefront with a $110 million outflow. Goldman Sachs anticipates that the Federal Reserve will raise interest rates by another 25 basis points in October. South Korean police are investigating 26 Polymarket users, with the amount involved approximately $12.7 million, and have referred 18 individuals to prosecutors. Arthur Hayes stated that interest rate hikes could increase the money supply, leading to continued rises in financial assets. Sources revealed that Manus plans to raise $500 million, potentially doubling its valuation to $4 billion. A $15 million Polymarket contract involving James has sparked controversy, and the NBA will be monitoring the situation. On the first day of trading on the Arc mainnet, the number of transactions reached 7.76 million, with USDC transfer volume nearing $1 billion. Ignas pointed out that Arc is more inclined towards payment and foreign exchange scenarios, with the only potential attraction being the ARC airdrop.

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