Bitcoin rebounded 1.2% to $103,450, stabilizing after the steep liquidation-driven drop below $100,000 earlier in the week.
Ethereum climbed 2.2% to $3,400, while Solana reclaimed $160; total market capitalization rose 2% to $3.46 trillion.
Spot Bitcoin ETFs posted $137 million in outflows, marking the sixth consecutive day of redemptions; Ethereum ETFs saw $119 million in outflows, while Solana ETFs recorded $9.7 million in inflows for a seventh straight day.
Ripple secured a $500 million strategic investment at a $40 billion valuation, signaling renewed venture appetite for digital asset infrastructure. Japan’s Metaplanet launched a $100 million Bitcoin accumulation fund, extending the regional corporate pivot into digital assets.
ADP employment beat expectations, printing +42,000 jobs in October, the strongest gain since July, tempering fears of a deeper U.S. slowdown.
The U.S. government shutdown hit 36 days, delaying crypto legislation and tightening liquidity across funding markets.
For the first time since it began accumulating Bitcoin in 2020, Michael Saylor signalled the company may sell part of its holdings — a shift in the buy-and-hold model that has defined Strategy's identity and underpinned its equity premium.
The exchange's third major headcount reduction in three years tracks closely with the crypto market cycle, even as Armstrong points to AI as a structural reason to operate with fewer people.
The SEC this week delayed the launch of more than two dozen prediction market ETFs, citing concerns about product mechanics and disclosures. A Bloomberg analysis published last week suggests the retail-friendly pitch underpinning these products doesn't quite hold up to scrutiny.
A wave of exchange-traded funds designed to give investors exposure to prediction market outcomes was expected to begin trading as early as Thursday — until U.S. regulators intervened.
