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Welcome to Thursday Folks! Bitcoin is trading up at $36,815.79. As I said yesterday it wanted to push higher and it did. In fact the highest point this year at $36,863. 

SUMMARY

Yesterday, Binance launching a self-custody Web3 wallet for its 150M registered users.(7) Today, Bitcoin hits new yearly high(5) - higher BTC price incoming? Bitcoin traders open a lot of long positions quickly but, JPMorgan says 'crypto rally looks overdone.'(2) 

Institutional investors’ Crypto investment product inflows top $760 Million, highest since 2021 bull market. Bitcoin Whale inflows to exchanges declined ahead of BTC’s price surge to $37K and nearly $38K - first time in 18 months on ETF optimism: CryptoQuant.(2) Seasoned blockchain analyst Charles Edwards indicates next major resistance levels for largest cryptocurrency: $58K. However, "something doesn't feel right" about the latest BTC price uptick, a warning tells traders, as Bitcoin open interest passes $17 billion. A big surge in centralized exchange Crypto trading volumes in October suggests a bullish turn for the market.

12 Bitcoin ETFs have 'brief window' for SEC approval starting tomorrow,(2) but Bitcoin ETF launch could be delayed more than a month after SEC approval. Bitcoin may be riding the ETF wave, but altcoins are where the rally really is. Marathon Digital sees 670% revenue gain in Q3 as Bitcoin production surges, but misses on revenue.(2)

As the spot ETF narrative hogs the limelight, the U.S. Treasury's recent decision to slow the pace of bond sales and worsening economic and geopolitical issues silently support the bullish case in bitcoin. BlackRock appears set to propose a spot ether ETF.(5) XRP Futures Listed on Major Crypto Exchange. Can Ripple (XRP) Reach $1 as Swell Conference Draws to a Close?

U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT.(2)

Robinhood to launch Bitcoin and crypto trading in the EU and UK.

SEC’s Gensler hints he’s open to a FTX reboot under proper leadership; Congress moves to clip the SEC's wings.(6) Coinbase's Head of Legal, Grewal, challenges SEC's broad control over crypto, urging Congress to pass crypto legislation. Gemini’s Travel Rule measures reflect ‘worrying creep’ of overregulation. Binance used ‘tortured’ interpretation of law in bid to toss suit, says SEC.

Ripple CEO: Court victory against SEC is ‘not enough.’

Swedish cryptocurrency proponent Eric Wall has flagged targeted attacks on well-known BTC community members.(3) Crypto exchange CoinSpot reportedly suffers $2M hot wallet hack. Kraken helps UK police return over $2 million in stolen crypto to victims. OneCoin legal chief pleads guilty to money laundering and wire fraud: DOJ.

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