Good Evening

Today's Top Caps

BTC $114.9K (-0.4%)

ETH $4129 (-2%)

USDT $1

XRP $2.67 (-0.5%)

BNB $1142 (-0.3%)

Source: Coingecko

Today's Top Gainers

HBAR, TAO, M, PI, CRO

Source: Coingecko 24HR Top100

ETF Tracker

BTC +149M, ETH +133M

Source: Coinmarketcap

Today's Top Headlines

WesternUnion is launching a new stablecoin, USDPT. Issued by Anchorage Digital Bank.

Nicki Sanders said on X "The future of cross-border finance just got a major upgrade. We are proud to announce our partnership with Western Union to launch USDPT, a new fiat-backed stablecoin issued by Anchorage Digital and running on the Solana blockchain. This is a defining moment for institutional crypto adoption: it combines the compliance of the only federally chartered crypto bank with the scale of Western Union's global network and the speed of Solana.

Source: @Nickilsanders X

Truth Social will become the world’s first social media platform offering prediction markets via exclusive partnership with Crypto.com.

Source: @Cryptocom X

Circle launches Arc public testnet with over 100 institutional participants including BlackRock, Visa and Anthropic.

Circle Internet Group has launched the public testnet for Arc, its new Layer 1 blockchain built to support large-scale financial and enterprise applications onchain. Framed as an "Economic Operating System for the internet," Arc boasts participation from over 100 organizations across banking, capital markets, payments, and technology, the firm said on Tuesday, with the testnet now live for developers and enterprises to deploy, test, and build applications on the network.

Source: The Block

A proposed French bill reportedly aims to create a Bitcoin strategic reserve. The bill includes acquiring 2% of Bitcoin’s total supply. It is however being reported, that it's unlikely to pass.

Source: @Coinbureau X

Ethereum treasury company ETHZilla has sold roughly $40 million worth of ETH from its treasury to support a share buyback program as it looks to narrow the gap between its stock price and net asset value.

The Nasdaq-listed company acquired approximately 600,000 shares late last week for around $12 million after offloading a portion of its ETH holdings, an Oct. 27 a press release outlined. Net Asset Value, or NAV, is a financial metric that represents the per-share value of a company’s assets after subtracting liabilities. ETHZilla hopes to narrow the gap between its share price and the net asset value per share, which reflects the market value of its Ethereum reserves, by trimming the number of shares in circulation and increasing each remaining share’s proportional claim on its assets.

Source: Crypto.News

Canary Capital to launch first US ETFs tracking Litecoin and HBAR on Nasdaq on Tuesday.

Canary Capital plans to debut the Canary Litecoin ETF and the Canary HBAR ETF on Tuesday on Nasdaq, according to a statement from the firm. The ETFs’ launches come after the SEC issued guidance a week after the government shut down, clarifying procedures for firms seeking to go public.

Source: The Block

SharpLink plans to deploy $200M of $ETH on Linea.Build through a collaboration with ether_fi, Eigenlayer, and Anchorage.

They announced on X "Through this partnership, SharpLink will now access enhanced ETH-denominated yield from: Native staking yield, Direct incentives from Linea and EtherFi, and Restaking rewards from securing EigenCloud AVSs (Autonomous Verifiable Services). This marks a major step in our long-term strategy to make Ethereum more productive for shareholders, combining staking, restaking, and DeFi yield with institutional-grade security and compliance. We believe ETH will serve as the settlement layer for global finance, and we’re building for that future."

Source: @Sharplinkgaming X

Kalshi files federal lawsuit against New York regulators.

Kalshi has sued New York regulators in federal court after receiving a cease-and-desist notice over its sports event contracts. The company is seeking an injunction to block enforcement, arguing that its markets fall under federal CFTC oversight, not state gambling law. Despite legal pressure from multiple states, Kalshi has attracted new investor interest at valuations as high as 12 billion dollars.

Source: Crypto.News

Coinbase Says Bitcoin Treasuries Are ‘Ghosting’, But Two Firms Just Bought $205M.

American Bitcoin and Strategy collectively purchased over $205 million in Bitcoin in the past 48 hours, contradicting Coinbase’s warnings that corporate treasuries have largely abandoned the market during October’s downturn. Coinbase’s Global Head of Investment Research, David Duong, recently warned that digital asset treasury companies have largely ghosted the market since October 10, with Bitcoin purchases falling to near year-to-date lows over the past two weeks.

Source: Cryptonews.com

Until Next Time, Stay Frosty!