Plus: US Spot Bitcoin ETFs Log Weekly Outflows, Ethereum Foundation Schedules Glamsterdam Testnet Activation
Good Morning Lions,
El Salvador keeps stacking Bitcoin with an IMF program sitting on its shoulder, while US ETF holders keep heading for the exits. I think that contrast says more about who holds BTC for the long haul than any single week of flows does. BUT, the IMF program was supposed to rein in exactly this kind of buying.. so the open question is how long the IMF puts up with it, frens.
El Salvador Grows Its Bitcoin Reserve
TL;DR: El Salvador's national Bitcoin reserve held 7,807 BTC as of October 16, Crypto Briefing reported. The reserve has grown by more than 1,700 BTC since the country's $1.4 billion IMF program began, even though that program limits public sector Bitcoin purchases.
US Spot Bitcoin ETFs Log Weekly Outflows
TL;DR: US spot Bitcoin ETFs posted $228.6 million in net outflows in the week to October 16, per Crypto Briefing, with BlackRock's IBIT leading the redemptions. October's month-to-date outflows reached about $615 million, though some tallies put the figure closer to $618 million.
Ethereum Foundation Schedules Glamsterdam Testnet Activation
TL;DR: The Ethereum Foundation scheduled the Glamsterdam upgrade to activate on the Hoodi testnet on October 26, 2026. The upgrade pairs block production changes with a 200 million gas target. A mainnet date has not been decided yet.
Bitwise XRP ETF Grows Net Assets
TL;DR: The Bitwise XRP ETF held $541.12 million in net assets as of October 17, according to SosoValue data reported by U.Today. The fund has drawn $684.73 million in net inflows since its launch.
Charles Hoskinson Builds New Programming Language
TL;DR: Cardano founder Charles Hoskinson said he is personally developing a new programming language for the blockchain. He described it as handling intents and proof-carrying data through Groth16 proofs. He did not share a name, specifications, or a release date.
Yuga Labs Launches Mudwater Trading Cards
TL;DR: Yuga Labs launched Mudwater on October 17, 2026, a Solana trading card set that pairs physical cards with vaulted NFTs. Bored Ape Yacht Club and Mutant Ape Yacht Club holders can claim packs until January 19, 2027.
Shiba Inu Exchange Reserves Slip Lower
TL;DR: Shiba Inu exchange reserves fell 0.1% over 24 hours to about 87.06 trillion SHIB, U.Today reported. Netflow over the same window was negative 33.94 billion SHIB, with the data attributed to an unnamed analytics platform.
The IMF program limits public sector Bitcoin buys, yet the reserve keeps growing. If El Salvador pauses its additions, that would be the first sign the loan terms are actually biting. 🦁 — Khal
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More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.
