USA (October; previous figures):
- S&P Composite PMI: 54.8, up from 53.9
- S&P Manufacturing PMI: 52.2, unchanged from 52
- S&P Services PMI: 55.2, up from 54.2

PumpFun has acquired the Padre platform.

Tether CEO Projects $15 Billion Profit in 2023

Zelle, the payment platform operated by the nation's largest banks, plans to introduce cross-border payment capabilities leveraging stablecoins and cryptocurrencies. wsj

Bonk Holdings (SHOT) has acquired 22.6 trillion BONK tokens, valued at $32 million, via FalconX.

Tether (USDT) has announced new investments aimed at increasing the number of USDT-holding Americans to 100 million.

SpaceX has converted an additional 1,215 BTC.

SpaceX has converted an additional 1,215 BTC.

Trump has appointed Michael Selig as the chairman of the Commodity Futures Trading Commission, replacing current leadership. Selig, who is the chief counsel for the SEC's cryptocurrency task force, previously served as an assistant to SEC Chairman Paul Atkins.

Today's summary and weekend events — https://t.me/bingx1/2147483647

Binance to List Giggle Fund (GIGGLE) and SynFutures (F) with Seed Tag

Rumble partners with Tether to introduce Bitcoin tipping for content creators.

Yesterday, spot Bitcoin ETFs experienced net inflows of approximately $90.6 million, while spot Ethereum ETFs saw net outflows of around $93.6 million.

Yesterday, spot Bitcoin ETFs experienced net inflows of approximately $90.6 million, while spot Ethereum ETFs saw net outflows of about $93.6 million.

JPMorgan estimates Coinbase's Base token could reach a valuation of $34 billion, according to The Block.

Following JPMorgan's upgrade of its ratings on the potential of Base and USDC, Coinbase shares increased by 9%. [cointelegraph]

Ethereum sharks and whales, holding between 100 and 10,000 ETH, are showing renewed confidence according to Santiment. After liquidating approximately 1.36 million ETH between October 5 and October 16, these investors have recovered nearly 16% of the sold holdings. The move suggests a potentially bullish shift for ETH.

Ethereum whales and sharks holding between 100 and 10,000 ETH are showing renewed confidence, according to Santiment. After offloading 1.36 million ETH from October 5 to October 16, they have recovered nearly one-sixth of that position. The move suggests a positive trend for ETH.

A major cryptocurrency whale has acquired 44,000 SOL for $8.37 million, according to blockchain data. Since April 30, the whale has accumulated a total of 844,000 SOL, valued at approximately $149 million, through transactions with FalconX and Wintermute, and subsequently staked the holdings.

Gemini co-founder Tyler Winklevoss argues that Binance CEO Changpeng Zhao (CZ) warrants a pardon, asserting that his prosecution was motivated by political considerations.

Gemini co-founder Tyler Winklevoss asserts that Binance CEO Changpeng Zhao, commonly known as CZ, warrants a pardon, contending that his legal troubles were motivated by political considerations.

Long-term holders have sold 62,000 BTC since mid-October, according to Glassnode, while whales continue to accumulate. Momentum buyers have largely exited the market, and dip buyers have not stepped in with enough demand to absorb the available supply. As the number of new buyers remains unchanged, this imbalance is putting downward pressure on prices until stronger demand resumes.