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Open interest in XRP grew to over $1 million in Bitcoin. Mining profitability continues to fall. This is Cota Daly, I’m your host, Christine Lee. OK. X and Binance data show that retail investors are lagging behind institutions and ramping up Bitcoin purchases at the start of October a month. That’s historically been bullish for BT C. Some observers say this behavior typically precedes retail traders entering en masse providing exit liquidity when Bitcoin prices approach new highs. Meanwhile, Bitcoin mining profitability fell for a third straight month in September according to a JP Morgan report with daily block reward gross profit dropping to the lowest on recent record. Nevertheless, the hash rate which is the total computational power used to mine. Bitcoin rose for the third month in a row by 2%. Clients of the ftx.com offshore Exchange, the so called.com creditors have shown support for a plan to reorganize the bankrupt crypto exchange. According to a vote from restructuring agent Krall, over 94% of ftx.com customers voted in favor of the reorganization. The plan promises to return 118% of claims and cash to most creditors who represent almost $7 billion in claims by value, creditor approval secured. The next step is for the bankruptcy court to confirm the reorganization plan. A hearing is set for October 7th interest in Xrp Tokens have surged in the past few days amid the hype around RL USDA Stablecoin being developed by ripple labs. Bets on XRP futures grew to over $1 billion over the weekend. A level last seen in March and June of last year. Coin glass data shows that crypto exchange Binance and buy for almost half of the placed bets spot training volumes also more than doubled in the past week to as high as $2.5 billion on Sunday according to coin gecko. As of the US morning training hours, XRP is above 60 cents gaining around 4% on the week. That’s it for coins daily. Get more updates on coin desk.com and I’ll see you next time.