Good Evening
Today's Top Headlines
Gemini, the crypto exchange founded by the Winklevoss twins, is planning to launch prediction market contracts.
In May, Gemini filed an application to the Commodity Futures Trading Commission to operate a designated contract market, the regulatory status required for a derivatives exchange. This new platform, currently under review, could potentially be the exchange for prediction contracts, according to Bloomberg. The crypto exchange reportedly teased this new venture in a filing ahead of its September initial public offering, stating that it aims to launch event contracts for "economic, financial, political and sports forecasts."
Source: The Block
Future, a Swiss Bitcoin treasury startup co-founded by Adam Back, raises $34.5M to build a Bitcoin treasury/custody platform.
Source: Cointelegraph X
Wintermute’s report notes that while global liquidity is expanding and major central banks are cutting rates, most new capital is flowing into equities and AI rather than crypto.
Only stablecoin supply continues to grow. Wintermute said the four-year cycle theory is outdated, with liquidity now the main driver of prices. Market structure remains healthy, leverage has been cleared, and volatility is contained, but a crypto rebound still depends on renewed ETF and DAT inflows.
Source: WuBlockchain X
Fintech Ripple gets $40 billion valuation after $500 million funding.
Digital assets and infrastructure company Ripple said Wednesday it has raised $500 million in funding, lifting its valuation to $40 billion. The fundraise comes after a slew of acquisitions and as the company expands its product base beyond just payments. Ripple, which is closely linked to the XRP cryptocurrency, said the funding round was led by funds managed by affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
Source: CNBC
The NFT market has crashed 46% in the last 30 days, plunging from $6.6B → $3.5B.
Source: The Crypto Times
BNBChain announce on X that ‘onchain investigator' Zachxbt is has been employed to investigate on the BNBchain.
“Keeping Web3 safe takes more than tech, it takes people who care enough to trace every lead. @zachxbt is now supporting the BNB Chain community to help keep the ecosystem cleaner, fairer, and more transparent.”
Source: BNBChain X
According to Coinpost, MetaPlanet secured a $100 million loan on October 31 by collateralizing its Bitcoin holdings.
The funds will be used to acquire additional Bitcoin, expand its income-generating business, and potentially conduct share buybacks. As of October 31, MetaPlanet held a total of 30,823 BTC.
Source: WuBlockchain X
Today’s Top Caps
BTC $103K (+3%)
ETH $3435 (+2.6%)
USDT $1
XRP $2.28 (+3%)
BNB $960 (+4.1%)
Source: Coingecko
Today's Top Gainers
ZEC. ASTER, QNT, PUMP, HYPE
Source: Coingecko 24HR Top100
Top ETF Tracker
BTC -566M, ETH -219M, SOL +90K
Source: Coinmarketcap / Coinglass
Until Next Time, Stay Frosty!
