๐ฐ๐ท๐โโ๏ธ Naver Financial plans to introduce a local stablecoin wallet as part of its merger with Upbit, according to reports. #stablecoin link
๐ฆ๐ช๐ฆ The UAE has implemented Federal Decree No. 6 of 2025, placing DeFi, Web3, stablecoin protocols, DEXs, and cross-chain bridges under central bank oversight. Projects must obtain licensing by September 2026 or risk fines up to AED 1 billion (approximately $272 million) and criminal penalties. link #regulation
๐ต๏ธโโ๏ธ #BTC BlackRock has deposited an additional 4,471 BTC, valued at approximately $390.8 million, into Coinbase Prime. link
๐ฐ๐ญ๐ฎโโ๏ธ Chen Zhi, a Cambodian tycoon and founder of Prince Holding Group, has been sanctioned by the US and UK for involvement in global scams, with over $15 billion in bitcoin seized. Cambodia has yet to take action, highlighting Chen's political connections. link
๐ฅณ Klarna will launch its stablecoin on the Tempo blockchain, backed by Stripe and Paradigm. #stablecoin
๐ฝ๐ #macro Deutsche Bank predicts the Federal Reserve will lower interest rates by 25 basis points in December.
๐บ๐ธโก๏ธ #macroUSA:
- Prominflation (PPI; Sep):
- m/m: 0.3% (pre: -0.1%)
- YoY: 2.7% (pre: 2.6%);
- Core PPI: 2.7% y/y (pre: 2.8%);
- Retail Sales (Sep): 0.2% (pre: 0.6%);
- ADP Nonfarm Employment: -13.5K (pre: -2.5k)
- Prominflation (PPI; Sep):
- m/m: 0.3% (pre: -0.1%)
- YoY: 2.7% (pre: 2.6%);
- Core PPI: 2.7% y/y (pre: 2.8%);
- Retail Sales (Sep): 0.2% (pre: 0.6%);
- ADP Nonfarm Employment: -13.5K (pre: -2.5k)
๐ฅณ #TREE Treehouse launches TREE token redemption program backed by protocol revenue.
๐ฎ Arthur Hayes expects #MON at $10, while calling the project "useless L1"
๐ณ Kraken introduces Krak as a banking alternative, featuring a cashback debit card, salary deposit options, and high-yield vaults. link
๐ #BTC CQ: Puell Multiple Below the Discount Zone
Historically, all major correction reversals have started in precisely these discount regions. It is not a guarantee of immediate bottoming, but statistically it has signaled major bottoms.
Historically, all major correction reversals have started in precisely these discount regions. It is not a guarantee of immediate bottoming, but statistically it has signaled major bottoms.
๐ฝ๐ฐ Paxos has acquired New York-based crypto wallet startup Fordefi for over $100 million. Fordefi, which focuses on wallet solutions for DeFi, will initially operate independently, with plans for future integration of its technology into Paxos' infrastructure. link
๐ #RWA lending market now sits at $581M in supply; a 56% month-on-month increase. Total supply on Aave Horizon has been climbing steadily since launch.
๐ #BTC Glassnode: Bitcoin sits beneath every short-term holder's realized price but remains well above deeper realized levels, placing the market in a state of uncertainty. Regaining these bands would indicate the first significant sign of structural recovery.
๐บ๐ธ๐ Crypto #ETF Flows Today:
11 ETFs:
NetFlow: +807 $BTC (+$70.22M)
- Grayscale: +1,711 $BTC ($148.93M)
9 ETFs:
NetFlow: +35,725 $ETH (+$103.75M)
- BlackRock: +31,141 $ETH (+$90.43M)
5 ETFs:
NetFlow: +374,028 $SOL (+$50.87M)
- Bitwise: +285,372 $SOL (+$38.81M)
11 ETFs:
NetFlow: +807 $BTC (+$70.22M)
- Grayscale: +1,711 $BTC ($148.93M)
9 ETFs:
NetFlow: +35,725 $ETH (+$103.75M)
- BlackRock: +31,141 $ETH (+$90.43M)
5 ETFs:
NetFlow: +374,028 $SOL (+$50.87M)
- Bitwise: +285,372 $SOL (+$38.81M)