Privacy Coins and Web3 Tokens Surge as Bitcoin, Ethereum Stabilize

I. Crypto Market Overview

Key Takeaways

Macro Environment

The Federal Reserve's dovish stance and ongoing rate cuts are fueling risk asset demand, with global central banks signaling further easing. Canada and the UK are advancing stablecoin regulations, boosting institutional confidence. South Korea's legislative push for Bitcoin ETFs signals rising regulatory acceptance and potential for increased institutional inflows.

Crypto Market

The crypto market remains mixed as BTC trades at $102,813 (+0.09%) and ETH at $3,360 (+0.70%), both stabilizing after recent ETF outflows and risk-off sentiment. Altcoins show strong divergence: ICP surged 42.3%, ZEC rose 17.4%, and DASH gained 15%, driven by renewed interest in Web3 infrastructure and privacy coins. Solana ETFs saw inflows despite broader market weakness.

Today's Outlook

Hong Kong's Global Financial Leaders’ Investment Summit concludes today, gathering top global investors and financial leaders for high-level discussions. This event may influence regional capital flows and institutional sentiment toward digital assets, especially in the Asia-Pacific market.

Fear and Greed Index

76.00% Annual Percentile

20 Fear

Total Crypto Market Cap

$3.44T

0.41%

Total Market Trading Volume

$159.55B

43.09%

Altcoin Season Index

8.33%

Quarterly Percentile

24 / 100

Total Futures Market Open Interest

3.37B

1.07%

Futures

824.10B

2.62%

Perpetuals

II. Industry Updates

Macro-economic Policies

The Federal Reserve cut interest rates by 25 basis points in October, with further cuts forecasted for December as employment data weakens. This dovish stance is expected to support risk assets, potentially boosting Bitcoin and DeFi liquidity as lower yields drive investors toward alternative assets.

Federal Reserve Governor Steven Miran publicly endorsed continued interest rate cuts, signaling strong internal support for further monetary easing. This policy direction could weaken the US dollar and enhance institutional demand for cryptocurrencies as a hedge against fiat depreciation.

The Bank of England is set to announce its interest rate decision today, with markets divided between a hold and a 25bp cut. Any surprise move could trigger volatility in GBP/USD, impacting global capital flows and crypto market sentiment, especially for BTC and ETH trading pairs.

The National Bank of Poland delivered its fourth consecutive 25bp rate cut in November, citing improved inflation outlook. Ongoing monetary easing in Europe may increase capital inflows into digital assets as investors seek higher returns amid declining local yields.

US inflation remains elevated at 3% year-over-year, prompting consumers to prioritize essentials over discretionary spending. Persistent inflation and shifting consumer behavior may influence crypto adoption as a store of value and alternative payment method.

Cryptocurrency Regulatory Trends

Canada has introduced a stablecoin regulatory framework in its 2025 budget, requiring full reserves and clear redemption rules, which is expected to boost institutional confidence and align with US standards.

The US Treasury faces conflicting advice on the GENIUS Act's stablecoin yield ban, with crypto firms and banks debating whether exchanges can offer rewards, impacting innovation and market competition.

The Bank of England is preparing to unveil a stablecoin regulatory regime, aiming to coordinate with US rules and potentially influencing global stablecoin adoption and compliance standards.

YouTube will enforce stricter gambling policies from November 17, 2025, affecting NFT and Web3 gaming content, which may limit crypto-related monetization and impact digital asset creators.

South Korea's ruling party is pushing for Bitcoin ETF approval through legislative amendments, signaling a major shift toward regulated crypto investment products and likely increasing institutional participation.

Internet Computer (ICP): ICP surged over 42% in 24h, trading volume reached $964M, driven by renewed market interest in scalable Web3 infrastructure, but no single major event identified as catalyst.

Zcash (ZEC): ZEC jumped 16% in 24h to $541, with $1.76B volume, fueled by an 80% privacy coin sector rally as investors rotate into anonymity-focused assets amid rising demand for transaction privacy.

DASH (DASH): DASH rose 15% in 24h to $122, with $1.33B volume, benefiting from the privacy coin narrative and sector-wide surge, as traders seek alternatives for private transactions and hedge regulatory risks.

Smart Money Movements

Ripple secured a $500 million investment round at a $40 billion valuation, led by Fortress Investment Group and Citadel Securities, to expand its institutional crypto infrastructure.

CMT Digital closed a $136 million Fund IV, allocating 25% to stablecoin startups and focusing on early-stage blockchain infrastructure and DeFi projects.

A new wallet opened $20.5 million in 20x leveraged short positions against XRP as its price fell below $2.30, signaling increased bearish sentiment among large traders.

The 2025 Digital Asset Treasury Companies report showed total holdings surged to $137.3 billion by October, with $42.7 billion invested in new crypto acquisitions this year, 70.3% in Bitcoin.

Metaplanet secured a $100 million Bitcoin-backed loan to expand its BTC holdings and fund share buybacks, bringing its total to 30,823 BTC as of October 31, 2025.

Events to Watch

Nov 7 (Fri)

Omni Network (OMNI), Axioma Token (AXT), and Openverse Network (BTG) will unlock tokens worth $33.09M, $22.68M, and $66.11M respectively at 00:00 UTC.

Nov 6 (Thu)

Hong Kong's Global Financial Leaders’ Investment Summit concludes, gathering top global investors and financial leaders for high-level discussions.

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