Bitcoin ETF Recovery? Think Again

Here's what we've got for you today:

• Bitcoin ETFs Bleed $636 Million, Ethereum Funds Lose Another $111 Million

• Chainlink Reports $15 Billion in Token Migrations, but LINK Still Trades Near $12

• OpenAI Valuation Drops $150 Billion: Is the AI Boom in Trouble?

• Grayscale Lets Investors Exchange XRP, Solana and Dogecoin Directly for Fund Shares

🔴 Bitcoin ETFs Bleed $636 Million, Ethereum Funds Lose Another $111 Million

US spot Bitcoin ETFs lost $635.6 million on Oct. 22, while Ethereum ETFs shed another $110.8 million. BlackRock and Fidelity led the Bitcoin ETF withdrawals.

🔃 Chainlink Reports $15 Billion in Token Migrations, but LINK Still Trades Near $12

Chainlink reported more than $15 billion in token migrations to its cross-chain infrastructure in 2026, while total value secured through CCIP surpassed $85 billion. Despite growing adoption, LINK traded near $12.24 on Oct. 22, down from its October high of $15.70.

👀 OpenAI Valuation Drops $150 Billion: Is the AI Boom in Trouble?

OpenAI reportedly cut its proposed valuation by $150 billion to $1.25 trillion. The 10.7% reduction followed investor resistance to its earlier $1.4 trillion target and growing concerns about whether massive AI investments will deliver good enough returns.

📣 Grayscale Lets Investors Exchange XRP, Solana and Dogecoin Directly for Fund Shares

Grayscale expanded its platform to allow eligible investors to exchange XRP, Solana, Dogecoin and seven other cryptos directly for fund shares without first selling their tokens. The offering covers 10 crypto funds, with minimum contributions ranging from approximately $80,300 for Solana to $364,800 for Bitcoin.

👀 QUICK NEWS

• Berkshire Hathaway Invests Another $330 Million in the Tech Company Buying Forgotten Internet Brands

• Moderna Stock Crashes 18% Despite Promising Cancer Vaccine Results

• TSMC Looks to Replace Chinese Rare-Earth Components in Equipment Used to Make AI Chips

• Sam Altman's Worldcoin Drops 7% After 21% Rally: Could WLD Drop Further?

• Barclays to Cut 5,000 Jobs Despite 12% Profit Growth, With Tech Roles Among the Hardest Hit

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