HSBC has started rolling out RedCoin, its Hong Kong dollar stablecoin.
PayMe users can turn on a stablecoin wallet in the app for transfers and payments at 100,000+ merchants.
A big bank stablecoin is now in everyday hands. Would you use it? π
Spot Bitcoin ETFs saw $635.6M in net outflows on Thursday.
Largest daily exit since June.
IBIT: -$254.1M
FBTC: -$217.5M
ARKB: -$109.4M
It wiped out Wednesday's +$528M inflow. Profit-taking or a warning sign? π #Bitcoin
Saturday market check β
BTC $80,810 (-0.6%)
ETH $2,378 (-0.5%)
SOL $102.42 (-1.3%)
XRP $1.29 (-1.6%)
Total market cap: $2.80T
Fear & Greed: 47 (Neutral)
Quiet start to the weekend. Who takes control from here? π
Fireblocks says it is not in talks to be bought by Visa.
Axios had reported a possible ~$2.5B deal for the crypto custody firm. Fireblocks denied it the same day.
Would a Visa-Fireblocks deal make sense? π #Crypto
Ireland's central bank fined Coinbase Ireland β¬3.25M (~$3.6M).
The issue: weak safeguarding of customer funds in 2023 and early 2024, including during the Silvergate collapse.
Coinbase says no customer lost money.
Fair fine or too small? π
JPMorgan just brought two tokenized money market funds to Solana.
MONY and JLTXX were Ethereum-only until now. Qualified US investors can buy in via Morgan Money. $1M minimum.
JLTXX holds only Treasuries and repo.
Is Solana winning Wall Street? π
China wants its bitcoin back.
Tianjin prosecutors are seeking to confiscate 61,896 BTC (~$5.1B) seized in the UK from fraudster Zhimin Qian.
Over 102,000 investors lost money in the scheme. The court fight in London is still going.
Who should get the coins? π
Friday market check β
BTC $81,481 (-3.4%)
ETH $2,399 (-3.3%)
SOL $104.22 (-3.0%)
XRP $1.32 (-3.7%)
Total market cap: $2.83T
Fear & Greed: 51 (Neutral)
The tech stock sell-off dragged crypto lower overnight.
Buy the dip or wait? π
The UK's FCA opened two new crypto consultations, including draft guidance on DeFi.
It targets firms that offer DeFi access, not the code itself.
Comments close Nov 18. Final guidance due Jan 2027. The full UK crypto regime starts Oct 25, 2027.
Good move? π
Zcash has a date for its NU7 upgrade.
Activation is set for block 3,543,405, expected around Nov 5. Block time drops from 75 to 25 seconds, about 3x faster.
ZEC climbed ~12% in 24 hours after the news.
Privacy coins back in play? π
US spot Bitcoin ETFs are on a 3-day inflow streak.
Mon: +$526.7M
Tue: +$23.2M
Wed: +$60.0M
BlackRock's IBIT led Monday with $665.2M. October flows are now roughly flat.
Is the institutional bid back? π #Bitcoin
Elon Musk confirmed SpaceX and Tesla are exploring a merger.
Together they hold 30,221 BTC (SpaceX 18,712 + Tesla 11,509), per June filings.
That would be the 6th largest bitcoin stash among public companies. No terms agreed yet.
Would you buy that stock? π
Thursday market check β
BTC $82,919 (+0.3%)
ETH $2,442 (-0.1%)
SOL $105.48 (-0.6%)
XRP $1.35 (+1.0%)
Total market cap: $2.80T
Fear & Greed: 48 (Neutral)
Quiet before the Fed next week. Bullish or bearish? π
BlackRock filed for a new Bitcoin ETF: the iShares Bitcoin Managed Protect ETF.
It aims to give upside exposure to IBIT with some downside protection. Gains are capped.
It's BlackRock's third Bitcoin ETF filing.
Would you trade upside for safety? π
Solana's Alpenglow upgrade is live on mainnet.
Finality drops from ~12.8 seconds to ~150 milliseconds.
It replaces TowerBFT, the consensus Solana has used since 2020. Anza calls it the biggest blockchain upgrade since The Merge.
Big deal for SOL? π
JPMorgan Asset Management now sees Bitcoin beating stocks and gold over the next 10 years.
Base case: 10% a year.
US large caps: 7.5%. Gold: 5.5%.
Its bear case for BTC is a 9.7% yearly loss.
Do you buy it? π #Bitcoin
The OCC just finalized the first GENIUS Act rule for stablecoin issuers.
It sets reserve, custody and redemption standards. Takes effect Jan 18, 2027.
Issuers can't pay interest directly. Third-party rewards will be judged case by case.
Good for stablecoins? π
Wednesday market check β
BTC $84,366 (+2.4%)
ETH $2,504 (+2.2%)
SOL $106.81 (+2.3%)
XRP $1.38 (+4.0%)
Total market cap: $2.93T
Fear & Greed: 63 (Greed)
Green across the board. Bullish or bearish? π
Mt. Gox creditors have to wait another year.
The trustee pushed the repayment deadline from Oct 31, 2026 to Oct 31, 2027, with court approval.
The exchange collapsed in 2014. Some users still haven't been paid.
Good or bad for BTC price? π
Strategy bought another 267 BTC for about $22.1M.
Total holdings: 848,517 BTC.
It also bought back $193.1M of its STRC preferred stock, and Saylor raised the STRC buyback limit to $3B.
Smart move or risky? π #Bitcoin