Overview:
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US spot Bitcoin ETFs attracted USD 5.06 million, spearheaded by BlackRock’s IBIT.
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LayerZero climbed 23% to USD 2.25 as open interest increased by 31%.
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Polygon resolved two medium-severity vulnerabilities in its Bor client connected to BlockSTM V2, enhancing validator node defense and transaction processing efficiency.
The digital asset market experienced notable activity as spot Bitcoin ETFs pulled in USD 5 million in net inflows, while MSCI removed Strategy from its global indexes. Simultaneously, LayerZero jumped 23% on the back of rising derivatives interest, and Ethereum bounced back 4% following a dip toward USD 2,300.
Bitcoin Witnessed USD 5 million in Inflows
Data from SoSoValue indicates that Bitcoin spot ETFs registered a cumulative net inflow of USD 5.06 million yesterday. The
leading Bitcoin spot ETF for net inflows was BlackRock’s IBIT, capturing USD 16.79 million on the day and bringing its total historical net inflows to USD 65.64 billion.
Conversely, the Grayscale Bitcoin Mini Trust ETF BTC recorded the highest net outflow yesterday at USD 7.64 million, pushing its cumulative historical net inflows to USD 2.96 billion.
Overall, Bitcoin spot ETFs hold a total net asset value of USD 105.71 billion, representing an ETF net asset ratio of 6.41%, with cumulative historical net inflows reaching USD 56.96 billion.
MSCI Drops Strategy from Global Indexes
MSCI has established new guidelines for non-operating companies that may remove Strategy and Metaplanet from global equity benchmarks. The index provider will officially disclose which entities are dropped on November 11, 2026.
Passive investment funds and ETFs track equity indexes calculated by MSCI, meaning these funds automatically purchase or sell assets whenever the provider updates its constituents. The Global Investable Market Indexes form the foundation of the widely followed MSCI World and ACWI index families.
Initially proposed in October 2025, MSCI planned to exclude companies holding 50% or more of their balance sheets in digital assets, a measure that would impact 39 firms in total.
Among those flagged as potential deletions are Strategy, Metaplanet, and UK uranium firm Yellow Cake.
Also Read: Ethereum RPC Explained: Stale Data, Node Failures, Block Lag, and Failover
LayerZero Surged 23%
After dipping below the USD 2 support line to a low of USD 1.8, LayerZero rebounded strongly alongside a broader market shift. The altcoin successfully reclaimed the USD 2 threshold and advanced to a local high of USD 2.25, marking a 23% gain.
A resurgence in derivatives activity primarily propelled the market recovery. The asset’s Open Interest (OI) jumped 31% to USD 275 million, while derivatives volume expanded 63% to USD 336 million. This concurrent rise in OI and volume points to heavier market participation and consistent capital deployment into new positions. Furthermore, the Long/Short Ratio for altcoins climbed above 1 across all monitored exchanges.
Ethereum Rebounds 4%
The price of Ethereum recovered by more than 4% to approximately USD 2,462 on October 16, bouncing back from a descent toward USD 2,325 as market participants evaluate whether shrinking exchange reserves can fuel another push past USD 2,550.
At the time of writing, Ethereum (ETH) changes hands at USD 2,460, supported by a market capitalization of roughly USD 300.6 billion and a 24-hour trading volume of USD 14.38 billion. Over the past 24 hours, the cryptocurrency fluctuated between USD 2,324.97 and USD 2,463.31, erasing a significant portion of Thursday’s losses.
This recovery followed hotter-than-anticipated US inflation prints that sparked a sell-off across both technology equities and cryptocurrencies. Crypto analyst Alex Marzell identified USD 2,324 as the threshold where selling pressure moderated following the release of the US producer inflation figures.
Polygon Fixes Bugs
The Polygon development team deployed patches across its mainnet execution architecture following an October 15 update for the Bor client.
This technical fix eliminated two medium-severity vulnerabilities that allowed valid transactions with low gas fees to monopolize computational resources across validator nodes. The issue directly impacted BlockSTM V2, the parallel execution subsystem operating within the Polygon Proof of Stake (PoS) network.
Under this client design, incoming blocks travel simultaneously through a serial path and a parallel path, adopting the output of whichever lane finishes first. Internal testing revealed that transactions containing repetitive code hashing took tens of milliseconds to clear via serial execution.
Also Read: What are Bitcoin Whales? How Large BTC Holders Impact the Market
FAQs:
1. How much money flowed into Bitcoin spot ETFs?
SoSoValue data shows US spot Bitcoin ETFs secured USD 5.06 million in net inflows, led by BlackRock’s IBIT at USD 16.79 million, while the Grayscale Bitcoin Mini Trust posted USD 7.64 million in outflows.
2. Why could MSCI remove Strategy and Metaplanet from its global indexes?
Revised MSCI criteria for non-operating companies could omit firms with substantial digital assets from global equity benchmarks. The index provider is scheduled to announce any affected entities on November 11, 2026, meaning these potential exclusions remain unconfirmed.
3. Why did LayerZero’s ZRO token surge 23%?
LayerZero’s ZRO token rallied to USD 2.25 driven by heightened derivatives market engagement and improved sentiment, with open interest growing 31% to USD 275 million and derivatives volume jumping 63% to USD 336 million.
4. What caused Ethereum to rebound more than 4%?
Ethereum bounced back toward USD 2,462 after retreating to roughly USD 2,325 amid macro volatility tied to inflation data, with traders keeping a close eye on dropping exchange reserves and the USD 2,550 resistance level.
5. What vulnerabilities did Polygon fix in its Bor client?
Polygon resolved two medium-severity flaws impacting BlockSTM V2, its parallel transaction execution engine, which had allowed specific low-gas transactions to consume excessive computational power and threaten validator stability.
