I. Crypto Market Overview

Key Takeaways

1.

Macro Environment

The Fed held rates at 3.75-4.00%, with two dissenters favoring a hike; December odds sit near 80%. Q3 GDP beat forecasts at 3.4%, yet PCE inflation stayed elevated at 3.6%. Midterm elections and Strait of Hormuz oil shocks shape risk sentiment, while regulatory news adds crypto tailwinds.
2.

Crypto Market

Markets traded mixed over the past twelve hours as BTC steadied near $82,717 (flat) and ETH hovered around $2,439 (−0.1%). The hawkish Fed hold earlier liquidated longs below $80K before ETF inflows aided recovery. Altcoins diverged sharply: privacy led gains, with XMR +5.9% on whale accumulation, while NEAR slumped −13.6% after its Anthropic pre-IPO perp launch and AAVE fell −3.6% despite Chainlink's RWA deal. HYPE gave back ground to $78.73 (−2.5%) following its ICE partnership spike, and PUMP rose +4.0% on Hyperliquid derivatives integration.
3.

Today's Outlook

Coinbase enforces its MiCA deadline today, auto-converting restricted stablecoins like USDT into USDC for EEA retail users. Bitcoin's whitepaper anniversary falls tomorrow, Oct 31, likely sparking community celebration and media attention. Traders should watch US midterm results next week and China's PMI Saturday for macro direction.
Angst-und-Gier-Index
54.00% Jährliches Perzentil
38 Neutral
Gesamte Kryptomarktkapitalisierung
$2.59T
4.59%
Gesamtes Markt-Handelsvolumen
$126.98B
91.34%
Altcoin-Saison-Index
41.67%
Vierteljährliches Perzentil
55 / 100
Gesamtes offenes Interesse am Futures-Markt
1.20B
4.49%
Futures
376.54B
18.40%
Perpetuals (Unbefristete Verträge)

II. Industry Updates

Cryptocurrency Regulatory Trends

1.

The CFTC filed suit against Utah on Oct 27 to block state enforcement of gambling laws against Kalshi and Susquehanna, marking the 10th state challenged by the federal regulator in an escalating jurisdictional fight over whether federally registered prediction-market event contracts are shielded from state gambling prohibitions. The dispute tests federal preemption doctrine and leaves platforms facing unresolved compliance risk.

2.

Coinbase enforced its MiCA deadline today (Oct 30), restricting EEA retail access to non-compliant stablecoins including USDT, DAI, PYUSD, PAX, GUSD, USDS and USD1, with remaining balances auto-converted to USDC or fiat. The action illustrates how EU regulation reshapes exchange-level token availability without altering underlying smart contracts, pressuring issuers to secure MiCA authorization.

3.

Galaxy Digital submitted an application to the OCC on Oct 29 to establish Galaxy National Bank, a proposed national trust bank that would consolidate custody, trading and staking services under a single federal framework. If approved, it deepens the trend of crypto firms pursuing bank charters for institutional-grade regulatory certainty amid expanding digital asset adoption.

4.

Treasury Secretary Scott Bessent at Ripple's Swell conference said stablecoins reinforce dollar hegemony as the U.S. 'wins the digital asset stack,' even as the CLARITY Act remains stalled after a Sept 15 Senate procedural rejection. He signaled the Treasury will coordinate with the SEC and CFTC to fill market-structure gaps administratively, though analysts warn agency rules lack the durability of legislation.

5.

OKXICE reported that 33 of its 63 target companies — including Adobe, IBM, Intel, Oracle and JPMorgan — have opted out of tokenization under the SEC's innovation exemption, with one week left in the 30-day window. Meanwhile, DTCC launched its Tokenization Service live with 34 securities and 20 clients, signaling that institutional tokenized RWA infrastructure is advancing regardless of issuer consent disputes.

Trending Tokens

1.

Hyperliquid (HYPE): Top gainer, up 12-14% to $89-91 as NYSE owner ICE partners with Trade[XYZ] on a CFTC-pending US perpetual futures venue and burns hit 49.87M tokens.

2.

Pump.fun (PUMP): Up 5.36% after integrating Hyperliquid-powered perpetuals for crypto, stocks and commodities, driving 24h volume past $317M and expanding derivatives access.

3.

Canton Network (CC): Rose 6.14% as Canton Foundation granted RedStone 15.8M CC (~$1.52M) to build private open-source pricing software for institutional RWA deal terms.

Smart Money Movements

1.

Strategy reported Q3 operating income of $20.91 billion, held 848,517 BTC, paused purchases, and spent $204.9 million repurchasing STRC preferred shares.

2.

U.S. spot Bitcoin ETFs attracted $137.33 million on October 28, led by IBIT's $136.01 million, extending a three-day inflow streak to $423.66 million.

3.

On-chain whales purchased 11,326 BTC worth about $903 million, while 14,942 BTC left exchanges; two holders moved $200 million toward trading venues.

4.

Public companies accumulated 1.3 million BTC combined, with Strategy accounting for 71% of new holdings, while 44 of 100 newer treasury firms sold portions.

5.

Ethereum whales sold roughly 160,000 ETH valued above $348 million, contributing to the token's decline below $2,300 during recent market weakness.

Events to Watch

Oct 31 (Sat)

China releases October official manufacturing PMI, a key gauge of factory activity and global growth sentiment.

Nov 2 (Mon)

ISM publishes October Manufacturing PMI; prices and new orders may influence Fed rate expectations and risk assets.

Nov 4 (Wed)

ISM Services PMI gauges services expansion and inflation pressure ahead of the November employment report.

Nov 6 (Fri)

US October nonfarm payrolls; HYPE: 0.018% supply unlock ($14.4M) distributes to core contributors.