Daily Crypto Roundup: Major Developments as Bitcoin White Paper Turns 16

Bitcoin celebrated the 16th anniversary of its foundational white paper amid surging institutional interest and political maneuvers in the lead-up to the U.S. presidential election.

Trump Courts Crypto Voters as Election Nears

Former President Donald Trump made a strategic appeal to crypto voters by commemorating the 16th anniversary of Satoshi Nakamoto’s Bitcoin white paper on his Truth Social platform. Trump, who has previously pledged to end what he terms “Kamala’s war on crypto,” promised to ensure “Bitcoin will be made in the USA” and reiterated his commitment to commute Silk Road founder Ross Ulbricht’s sentence if elected.

BlackRock ETF Sets New Inflow Record

In a strong signal of growing institutional adoption, BlackRock’s spot Bitcoin ETF (IBIT) recorded its largest single-day inflow since launch, with $875 million entering the fund on October 30. This marks the thirteenth consecutive day of inflows, bringing the total to approximately $4.08 billion during this period. Market analysts are now speculating about the possibility of reaching billion-dollar daily inflows as Bitcoin’s price momentum continues.

Bitcoin’s Journey: From White Paper to Trillion-Dollar Asset

As the crypto community celebrated the 16th anniversary of the Bitcoin white paper, the leading cryptocurrency has achieved a market value exceeding $1.42 trillion, ranking it as the 10th largest asset globally. Mithil Thakore, CEO of Velar, noted Bitcoin’s remarkable evolution “from a niche digital experiment to a global asset class that rivals traditional stores of value like gold.”

Regulatory Landscape Shifts

The Blockchain Association reported that SEC Chairman Gary Gensler’s “regulation by enforcement” approach has cost crypto firms at least $426 million in litigation since 2021. Meanwhile, Binance announced a partnership with Amazon Web Services to enhance its KYC procedures, demonstrating the industry’s continued push toward regulatory compliance.

Gaming and Web3 Developments

The crypto gaming sector continues to attract significant investment, with VanEck’s private crypto fund backing Web3 gaming startup Gunzilla Games. However, Immutable, another major player in the space, revealed it received a Wells notice from the SEC regarding potential securities law violations related to its IMX token.

In the mining sector, Bitfarms expanded its operations through a second hosting agreement with Stronghold Digital Mining, deploying an additional 10,000 miners to their Pennsylvania facility.