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Guess what day it is Folks? HUMPDAY! Bitcoin is trading up at $34,481.14. Welcome to November! We had a great Uptober where Bitcoin was up 28.52% which is higher than it was in 2020; that same year Bitcoin was up 47% in November so fingers crossed. 

SUMMARY

Yesterday, news came out that last week’s $326 million of inflows into digital asset investment products was the largest since July 2022, with 90% going toward bitcoin vehicles.(6) Today, AllianceBerstein's projection is getting a lot of press. Will we see $BTC reach $150K by 2025? 

The CEO of asset management giant Van Eck, Jan van Eck, says that conditions are becoming ultra favorable for crypto as 2024 comes into view; Crypto investors are in for a ‘very exciting spring.’ The cryptocurrency market may be set for a bullish phase as Bitcoin's monthly MACD flashes a major bullish signal. 

BITCOIN’S FIFTEEN YEARS OF EVOLUTION: A LOOK BEYOND THE ORIGINAL WHITEPAPER

BTC price gets $36K FOMC target as Bitcoin prints 29% 'Uptober' gains and Bitcoin weekly correlation with Nasdaq hits 2-year low. The crypto's weekly RSI has crossed above 70, indicating a strengthening of upward momentum.

Big market makers like Jane Street, Jump, and Virtuare are in talks with BlackRock to provide liquidity for its proposed spot bitcoin ETF.(3) The ticker for Invesco and Galaxy's spot Bitcoin (BTC) exchange-traded fund (ETF) — BTCO — has appeared on the Depository Trust and Clearing Corporation’s (DTCC) website.(2) Bernstein Research is positive that the United States Securities and Exchange Commission (SEC) would cave in in early January by approving a Spot Bitcoin ETF and Bitcoin's price could surge to $150,000 by 2025.(4) Bitcoin liquidity on the rise could signal a sustained price recovery, analysts say. Financial Times editor Roula Khalaf on Bitcoin says ‘the latest price rally is unsustainable.’

Bitcoin (BTC) is emerging as a safe haven asset, with the U.S. Treasury bonds falling out of favor in the wake of the Israel-Hamas conflict, according to Mohamed El-Erian, chief economic advisor at German financial services firm Allianz.

13-year-old Blake Cockram founded CryptoKicks last year, and now he is teaching sneakerheads in the U.K. about all things crypto.

On the 15th anniversary of Bitcoin white paper release, Canadian Member of Parliament (MP) Joël Lightbound took the opportunity to thank the pseudo-anonymous creator Satoshi Nakamoto on the floor of the Canadian parliament while advocating for people to study Bitcoin.

THE REFORMATION OF MONEY: BITCOIN’S WHITEPAPER AND ITS PARALLELS TO MARTIN LUTHER

Cardano (ADA) price currently hovering around the $0.30, but a recent partnership inked by the team could intensify the bullish momentum; Cardano’s parent company, Emurgo, announced a partnership with the Institute of Blockchain Singapore (IBS.) Cardano ($ADA) Ignites On-Chain Frenzy as Long-Term Holders Spring into Action, Says Santiment Research.(2) Solana price up 260% year-to-date as institutional investors bet on $SOL investment products and Solana adds $6 billion to its market cap in a month as it targets $50.

Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Tuesday.(2) USDC issuer Circle Internet Financial said Tuesday it is curbing service for individual accounts to mint stablecoins.(3) BIS says ‘strongly coordinated’ international efforts’ needed to prevent Stablecoin regulatory arbitrage.

Coinbase launches regulated crypto futures services for US retail traders.(3)

An on-chain sleuth says that users of the LastPass password manager application have lost millions of dollars in crypto to threat actors. The CFTC reveals that the majority of anonymous tips received this year are related to crypto scams, indicating pervasive fraud and CFTC has awarded nearly $350 million to whistleblowers, with $16 million disbursed this year, mainly to two whistleblowers. 31-year-old Oyster Protocol founder Amir Bruno Elmaani — aka “Bruno Block” — has been sentenced to four years imprisonment for tax evasion.(2) Taiwan police bust 324.2 million USDT money laundering operation.

Attacker drains $2.1 million from Onyx in latest DeFi exploit.(3)

WATCH

LISTEN

Podcasts of the day: 

• BTC154: Bitcoin and Macro Mastermind Q4 2023 w/ Joe Carlasare, Jeff Ross, and Steven McClurg | Bitcoin Fundamentals
• Kraken head of OTC explains the bullish signals to look for in bitcoin options | The Scoop
• Chat_86 - Everything on Bitcoin with Robin Linus & Super Testnet | Bitcoin Audible
• SOL Pumping! | Druckenmiller: "l Should Own Bitcoin" | Crypto Town Hall | TWOAS
• Nashville and Bitcoin October Updates at Bitcoin Park | Bitcoin Magazine