Bitcoin is holding the $113,000 support band as the market braces for today’s FOMC meeting.
ETF activity remains constructive: Bitcoin ETFs added $202 million on Oct. 28, marking four consecutive days of inflows while Ethereum ETFs added $246 million.
Macro tailwinds (cooling labor signals, US–China potential agreement) support risk assets, but flows are below the intensity of cycle-leading rallies.
Derivatives and cost-basis maps show heavy supply near $117,000, a decisive resistance level while downside support sits at $111,000–$112,000.
Tactical posture: range trade with event risk; err on the side of capital preservation ahead of FOMC.
A confidential SEC filing and a Cantor mandate put the institutional prime broker back in the spotlight. Since its 2022 peak valuation, FalconX has quietly rebuilt itself into something broader – and harder to price.
Three Samsung affiliates will jointly acquire a 4% stake in Dunamu, operator of South Korea's largest cryptocurrency exchange Upbit, from Kakao affiliates in an all-cash deal worth 612.8 billion won (~$408 million), the companies said Thursday (May 28). The transaction is scheduled to close June 19.
The dual investment gives South Korea's fourth-largest crypto exchange a TradFi partner pursuing STOs and a global operator with reach across 120 million users.
The ETF channel that anchored bitcoin's 2025 rally has flipped to distribution for five straight sessions. The Hormuz headlines accelerated what had been building for weeks.
