Cryptocurrency market capitalization declined 13.5% over the past week, according to data from Santiment, with Bitcoin (BTC) falling below $90,000 for the first time in seven years. While privacy coins Zcash (ZEC), Monero (XMR), and Aster (ASTER) saw weekly gains of 7%, 5%, and 10% respectively, larger cryptocurrencies have presented significant challenges for traders.

Cryptocurrency market capitalization declined by 13.5% over the past week, according to Santiment, with Bitcoin dropping below $90,000 for the first time in seven years. While privacy coins ZEC (+7%), XMR (+5%), and ASTER (+10%) posted modest gains, major cryptocurrencies faced increased headwinds, presenting significant challenges for traders.

LevelField, a cryptocurrency company, has received approval from Illinois regulators to acquire a bank in Chicago.

Whale Transactions:

Forward Industries (#SOL) transferred 1,887,962 SOL, approximately $260.19 million, from various addresses to a Coinbase Prime wallet in recent hours.

Machi Big Brother was eliminated. He subsequently initiated a new 25x long position on 368.89 ETH, worth $1.11 million, but was liquidated. He also deposited an additional 256,700 USDC into HyperLiquid to go long on ETH.

Following the October 11 market drop, address 0x35d1 opened a short position on SOL, currently holding $14.75 million in unrealized profits. The same address has increased short positions, now totaling 394,153 SOL, valued at $52.39 million.

Gemini co-founder warns that this will be the last chance to buy Bitcoin below $90,000.

Trading Support for Meteora (MET2) Expanded to KRW, BTC, and USDT Markets on Upbit

Upbit announced the addition of new trading support for Meteora (MET2) across KRW, BTC, and USDT markets. Interested traders can find more information here: upbit. The BTC/USDT trading pair is currently listed at 90,061.69.

KindlyMD (NASDAQ: NAKA) shares declined nearly 10% after the company delayed the release of its third-quarter earnings. The stock has fallen 25% over the past week and has declined more than 95% over the past six months. decrypt

Bithumb has announced the listing of MET Meteor (#MET) in the Korean won market, offering zero trading fees. More details are available at feed.bithumb.com.

The SEC's latest outline of review priorities for the upcoming year omits cryptocurrencies, marking a departure from prior years. cointelegraph

Team LIBRA withdrew 3.94 million USDC from the liquidity pool and utilized 17 million USDC to purchase 127,774 SOL at $133. Meanwhile, the whale known as FMdRow acquired an additional 134,680 SOL for $17.85 million. Over the past month, FMdRow has accumulated a total of 324,568 SOL worth approximately $44 million, at an average purchase price of around $160, resulting in an unrealized loss of about $8 million.

The share of XRP supply that is currently profitable has fallen to 58.5%, the lowest level since November 2024, when the price was $0.50. Despite XRP trading at approximately $2.15, representing a fourfold increase, 41.5% of the supply, or roughly 26.5 billion XRP, remains unprofitable. Market conditions suggest congestion and structural weakness, driven primarily by late-stage buyers.

Ark Invest's Cathie Wood acquires $10 million worth of shares in Bullish. theblock.com

Arthur Hayes has released a new essay attributing recent Bitcoin declines primarily to reduced liquidity rather than underlying fundamentals, citing decreased flows from ETFs and DAT. He forecasts BTC could drop to between $80,000 and $85,000. However, Hayes suggests that a rebound in the U.S. stock market and improved liquidity could push Bitcoin back to $200,000 to $250,000 by year's end.

Bithumb announces new listing of MET Meteora on its platform. Details available at feed.bithumb.com.

Bithumb Announces MET Airdrop Celebration for Meteora Launch in Korean Won Market

Bithumb has launched a celebration event coinciding with the listing of Meteora (MET) in the Korean Won trading market. The event includes an airdrop for MET traders. For more information, visit feed.bithumb.com.

METUSDT trading pair is currently at 0.4441 USDT.

According to a Bloomberg Analyst, Fidelity’s Solana ETF (FSOL) is scheduled to launch today with a management fee of 25 basis points, positioning Fidelity as the second-largest asset manager in this segment after BlackRock. The first in the category, BlackRock’s BSOL ETF, was launched with $450 million in assets, while the VSOL ETF was introduced just yesterday. Meanwhile, Canary Capital is preparing to roll out its own Solana ETF, SOLC.

According to a Bloomberg Analyst, Fidelity's Solana ETF, FSOL, is scheduled to launch today with a 25 basis point commission rate. The ETF positions Fidelity as the second-largest asset manager in this category after BlackRock. The first Solana ETF, BSOL, was launched earlier, accumulating $450 million in assets, while VSOL was announced just yesterday. Canary Capital is also planning to introduce its own Solana ETF, SOLC.

In the past 24 hours, approximately $1.02 billion in cryptocurrency contracts have been liquidated, with roughly $724 million in long positions and $291 million in short positions.

Bitcoin liquidations total approximately $1.02 billion over the past 24 hours, with $724 million in long positions and $291 million in short positions affected.

The Bitcoin fear and greed index has dropped to 11, signaling extreme fear among investors.

Top Oracles by Total Value Locked (TVL).