☄️ Here’s what you missed in the last 24h:
🇯🇵 Japan stalls on crypto ETFs amid strict regulations
🇮🇳 India to favour central bank digital currencies (CBDCs) over BTC & ETH in potential ban
🇻🇳 Vietnam launches National Blockchain Strategy aiming to lead the region by 2030
🇩🇰 Denmark to propose bill to impose a 42% tax on unrealised capital gains for crypto, potentially taking effect on Jan 1, 2026 if passed
📈 Solana’s Total Value Locked (TVL) surged to $6.511 billion, hitting a 2-year high for the first time since Jan 2022
🏦 BlackRock’s Bitcoin ETF holdings reach $26.4 billion
🏦 Institutional investors now hold 20% of US spot Bitcoin ETFs as per SEC filings
🇯🇵 Japan stalls on crypto ETFs amid strict regulations
🇮🇳 India to favour central bank digital currencies (CBDCs) over BTC & ETH in potential ban
🇻🇳 Vietnam launches National Blockchain Strategy aiming to lead the region by 2030
🇩🇰 Denmark to propose bill to impose a 42% tax on unrealised capital gains for crypto, potentially taking effect on Jan 1, 2026 if passed
📈 Solana’s Total Value Locked (TVL) surged to $6.511 billion, hitting a 2-year high for the first time since Jan 2022
🏦 BlackRock’s Bitcoin ETF holdings reach $26.4 billion
🏦 Institutional investors now hold 20% of US spot Bitcoin ETFs as per SEC filings
🚀 TGIF! In this week's edition of the Weekly Market Update 🚀
1️⃣ US spot bitcoin ETFs saw $79 million in net outflows Tuesday, reversing a seven-day inflow streak that had brought in over $2.6 billion: The outflows came mainly from Ark and 21Shares' ARKB fund.
2️⃣ Bitcoin prices inched closer to $70,000 at the start of the week when futures open interest surged to over $40 billion: But prices subsequently pulled back mid-week as investors pared their gains.
3️⃣ Tether’s USDT has hit a record $120 billion market cap, which could set the stage for a bullish October finish in the crypto market: Historical trends suggest that a rise in stablecoin supply can precede rallies in bitcoin and ethereum.
4️⃣ Bitcoin's hashrate has reached a new peak of 703 EH/s, a 6% gain over the past week: This surge coincides with higher mining profitability as transaction fees rise and Bitcoin's price strengthens.
5️⃣ Binance exec leaves prison: Binance’s Tigran Gambaryan was released from Nigerian prison Wednesday so he can receive medical treatment for the numerous ailments he suffered while in captivity.
🔗 Stay in the loop with our Weekly Market Update
1️⃣ US spot bitcoin ETFs saw $79 million in net outflows Tuesday, reversing a seven-day inflow streak that had brought in over $2.6 billion: The outflows came mainly from Ark and 21Shares' ARKB fund.
2️⃣ Bitcoin prices inched closer to $70,000 at the start of the week when futures open interest surged to over $40 billion: But prices subsequently pulled back mid-week as investors pared their gains.
3️⃣ Tether’s USDT has hit a record $120 billion market cap, which could set the stage for a bullish October finish in the crypto market: Historical trends suggest that a rise in stablecoin supply can precede rallies in bitcoin and ethereum.
4️⃣ Bitcoin's hashrate has reached a new peak of 703 EH/s, a 6% gain over the past week: This surge coincides with higher mining profitability as transaction fees rise and Bitcoin's price strengthens.
5️⃣ Binance exec leaves prison: Binance’s Tigran Gambaryan was released from Nigerian prison Wednesday so he can receive medical treatment for the numerous ailments he suffered while in captivity.
🔗 Stay in the loop with our Weekly Market Update
Gemini
US Spot Bitcoin ETFs Reverse Inflow Streak, Tether Hits New Heights, and Bitcoin Price Approaches $70K | Gemini
Tether hits a bullish new market cap, and Binance exec Tigran Gambaryan was released from prison.
What caught your 👁 this week?
Anonymous Poll
24%
🚨 $79M outflows from US spot Bitcoin ETFs – end of a $2.6B inflow streak
53%
📈 Bitcoin nearing $70K as futures open interest tops $40B
8%
🌟 Tether's USDT reaches a record $120B market cap
5%
🔥 Bitcoin's hashrate soars to 703 EH/s – a 6% weekly gain
10%
⚖️ Binance's Tigran Gambaryan freed from Nigerian prison
🇭🇰 LATEST: Hong Kong Stock Exchange to launch a Virtual Asset Index Series on Nov. 15, offering unified reference prices for Bitcoin and Ethereum in the Asian time zone.
BTC is up 2.3% to $68,500 today.
Bullish/Bearish Barometer:
Bullish/Bearish Barometer:
Anonymous Poll
82%
📈 Bullish
18%
📉 Bearish
LATEST: $ETH tops all chains in daily net outflows, while $SOL leads net inflows.
Which team are you on? React:
🔥 - $ETH
⚡️ - $SOL
Which team are you on? React:
🔥 - $ETH
⚡️ - $SOL
🚀 NEW: Gemini receives In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its Major Payment Institution (MPI) license application under the Payment Services Act 2019.
This marks a significant step forward in our licensing journey, in line with our commitment to operating with the highest regulatory standards and reinforces our dedication to Singapore and the broader APAC market.
🔗 Read More
This marks a significant step forward in our licensing journey, in line with our commitment to operating with the highest regulatory standards and reinforces our dedication to Singapore and the broader APAC market.
🔗 Read More
Gemini
A Simple and Secure Place to Buy, Sell, and Store Bitcoin and Cryptocurrency. Easy, Free, and Secure. Get Started Today.
What are you most excited about today?
Anonymous Poll
73%
🚀 BTC $71,000
27%
🇸🇬 MAS IPA for MPI License
🚀 TGIF! In this week's edition of the Weekly Market Update
1️⃣ Fueled by positive market sentiment, the price of bitcoin exceeded $73,100, just shy of its all-time high: The Fed’s decision on rate cuts could further fuel a price increase, but bitcoin pulled back Thursday toward $70,000 amid a broader tech sell-off.
2️⃣ US spot bitcoin ETFs recorded $870 million in inflows on Tuesday, led by BlackRock’s IBIT with $629 million: It’s believed that bitcoin’s swelling price might be contributing to investment in these funds.
3️⃣ Florida CFO Jimmy Patronis has requested an evaluation of the feasibility of adding bitcoin to the state’s public pension funds: The state of Florida has typically shown keen interest in crypto initiatives, with Governor DeSantis having made proposals to allow businesses to pay tax in bitcoin in 2022.
4️⃣ Hong Kong Exchanges and Clearing Ltd. (HKEX) will launch the “HKEX Virtual Asset Index Series” on November 15, providing reference prices for BTC and ETH during the Asian trading day: The indexes aim to offer transparency and support for virtual asset investment decisions in the region.
5️⃣ Weekly sales of NBA Top Shot NFTs have hit a six-month peak, with 43,600 NFTs sold as of October 27, marking a 94% jump from the previous week: Renewed excitement from the season opener is driving the surge in activity after a slow offseason.
🔗 Stay in the loop with our Weekly Market Update
1️⃣ Fueled by positive market sentiment, the price of bitcoin exceeded $73,100, just shy of its all-time high: The Fed’s decision on rate cuts could further fuel a price increase, but bitcoin pulled back Thursday toward $70,000 amid a broader tech sell-off.
2️⃣ US spot bitcoin ETFs recorded $870 million in inflows on Tuesday, led by BlackRock’s IBIT with $629 million: It’s believed that bitcoin’s swelling price might be contributing to investment in these funds.
3️⃣ Florida CFO Jimmy Patronis has requested an evaluation of the feasibility of adding bitcoin to the state’s public pension funds: The state of Florida has typically shown keen interest in crypto initiatives, with Governor DeSantis having made proposals to allow businesses to pay tax in bitcoin in 2022.
4️⃣ Hong Kong Exchanges and Clearing Ltd. (HKEX) will launch the “HKEX Virtual Asset Index Series” on November 15, providing reference prices for BTC and ETH during the Asian trading day: The indexes aim to offer transparency and support for virtual asset investment decisions in the region.
5️⃣ Weekly sales of NBA Top Shot NFTs have hit a six-month peak, with 43,600 NFTs sold as of October 27, marking a 94% jump from the previous week: Renewed excitement from the season opener is driving the surge in activity after a slow offseason.
🔗 Stay in the loop with our Weekly Market Update
Gemini
Bitcoin Approaches All-Time High, Florida Eyes Bitcoin Reserve, and NBA Top Shot Sales Surge | Gemini
Bitcoin broke through the $73,000 mark earlier this week but pulled back on Thursday
What caught your 👁 this week?
Anonymous Poll
76%
💰 Bitcoin price surged past $73,100, nearing its all-time high
11%
📈 US spot bitcoin ETFs saw $870M in inflows, led by BlackRock
5%
📊 Florida's CFO proposed evaluating bitcoin for public pension funds
2%
🌐 HKEX to launch a Virtual Asset Index Series for BTC and ETH on November 15
6%
🏀 NBA Top Shot NFT sales reached a six-month high with a 94% increase
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