Spot ETFs continued a second day of outflows on Tuesday: Bitcoin ETFs −$104 million, Ethereum ETFs −$141 million (all nine ETH funds reported no inflows).
Price action: BTC holding $112,000, ETH ~$4,100, SOL < $210; total crypto market cap ~$3.86 trillion, 24-hour volume down 24 percent.
Macro: M2 jumped to $22.2 trillion with US SEC approving generic ETF listing standards and the CFTC floating tokenized stablecoins for derivatives. This could serve as structural tailwinds for spot product growth.
Leverage reset: futures OI fell to $42.8 billion from $44.8 billion, lowering forced-liquidation risk; but long-term holders have realized 3.4 million BTC, a historically large distribution.
With Fed officials in blackout until the October 27–28 meeting, Treasury yields, oil and AI earnings will set the direction for a Bitcoin market pinned between $80,000 and $85,000.
The contracts give institutions a regulated hedge on two smaller-cap tokens, and six months of CME trading in UNI would matter for Bitwise's pending spot Uniswap ETF.
Ledger’s supply-chain attack exposes the uncomfortable trade-offs behind hardware wallets: the devices promising security can create new vulnerabilities through complexity, opaque manufacturing and misplaced trust.
The Global Money Platform is the first product to combine Mastercard's payout and card network with BVNK's stablecoin infrastructure since Mastercard acquired the startup in August.
