Good Evening
Today's Top Caps
BTC $109K (+2.1%)
ETH $3996 (+2.9%)
BNB $1129 (+3.3%)
XRP $2.41 (+2.2%)
Tether makes up the top 5 but is always $1.
Today's Top Gainers
TAO, MNT, ENA, HYPE, KAS
Today's Top Headlines
Michael Saylor, founder and chairman of Strategy, has today posted a picture of the 'Strategy Bitcoin Purchase Tracker' on his X account along with the message "The most important orange dot is always the next.". Usually, within a day or two of him posting the tracker, an announcement of a new purchase by Strategy follows.
Binance Wallet announced on X today, that it has banned over 600 accounts for using bots. "In-line with our commitment to protect our users and provide a fair platform, last week we banned over 600 accounts that had misused Binance Alpha by fraudulently using automated tools (e.g. “bot farms”). We are enhancing our user feedback mechanism, and we encourage the community to actively report any fraudulent activities or abuse of the platform.
The UK tax authority has sent out 65,000 so-called “nudge letters” to individuals suspected of owing taxes on their cryptocurrency holdings, more than double last year’s count, according to a report from the Financial Times.
Grayscale, one of crypto’s largest institutional asset managers, published a research note on Oct. 10 calling Solana (SOL) “crypto’s financial bazaar.” This characterization goes well beyond the usual speed-and-throughput pitch. The report positions SOL as the category leader in users, transactions, and fees, arguing that its user experience, architectural moat via the Solana Virtual Machine, and application diversity create a durable foundation for valuation.
Japan’s Financial Services Agency (FSA) is reportedly preparing to review regulations that could allow banks to acquire and hold cryptocurrencies such as Bitcoin for investment purposes. The move would mark a major policy shift, as current supervisory guidelines, revised in 2020, effectively ban banks from holding crypto due to volatility risks
OpenSea CEO Devin Finzer announced that the platform’s native SEA token is set to launch in the first quarter of 2026. 50% of the supply will be allocated to OG users and participants in OpenSea’s rewards program, and 50% of platform revenue will go to token buybacks “at launch.”
The US Strategic Reserve has been active. The U.S. Treasury now holds more $BTC than any entity except Strategy after adding seized assets. The Reserve is up 64% overnight, and is now equal to 3.5% of U.S. gold reserves.
And Finally..
Jim Cramer says, "I don't believe Bitcoin can reach $500,000, let alone $1 million, that's improbable."
Until Next Time, Stay Frosty!
