💸 Fed Injects $29B, Bitcoin Slips, Balancer Exploit

Good Afternoon,

Markets are moving on liquidity shifts, profit-taking, and emerging risks. The Fed’s $29B liquidity boost has raised eyebrows, even as it lends support to risk assets. Meanwhile, Bitcoin drops below $108K as whales cash out, Balancer investigates a major exploit that drained over $128M, and Bitcoin ETF demand slips below the network’s mined supply.

Check out the rest of the news below! 👇

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News Roundup

Artificial Intelligence

• How MCP Lets You Give Local AI Models Real-Time Web Access (Decrypt)

• OpenAI, Amazon Ink $38B Deal for AI Computing Power (AP)

Decentralized, Centralized, & Traditional Finance

• BlackRock’s BUIDL Fund Cuts Ethereum Exposure Amid Multi-Chain Expansion (The Defiant)

• Cathie Wood’s ARK Invest Adds $5M in Bullish Shares as Exchange Debuts in U.S. (Cointelegraph)

• Stablecoin Issuers Capture Majority of Crypto Revenue (The Block)

• Coinbase in Talks for $2B BVNK Acquisition to Bolster Stablecoin Strategy (Bloomberg)

• Tether Posts $10B Profit in 2025, Outpacing Major U.S. Banks (Decrypt)

• Wall Street’s Stablecoin Push Accelerates as Citi and Western Union Lead the Charge (Cointelegraph)

• Malaysia Launches 3-Year Tokenization Initiative for Real-World Assets (Ledger Insights)

• Ripio Launches Argentine Peso Stablecoin ‘wARS’ to Boost Regional Payments (CoinDesk)

• MEV Practices Deter Institutions From DeFi and Raise Costs for Retail Users (Cointelegraph)

• Ethereum Stablecoin Volume Hits Record $2.8T in October (The Block)

• Balancer Probes Exploit After $128.6M Drains From V2 Vaults (The Block)

• Hong Kong Puts Tokenization at the Core of Its Fintech 2030 Strategy (Cointelegraph)

• Zerohash Gains MiCA License Amid $2B Mastercard Deal Talks (Cointelegraph)

• Ripple Launches U.S. Prime Brokerage for Institutional Crypto Trading (CoinDesk)

• Animoca Brands Plans Nasdaq Listing via Reverse Merger (Cointelegraph)

Exchanges

• MEXC Executive Apologizes After $3M Account Freeze Sparks Backlash (DL News)

• Bybit’s Latest Proof of Reserves Shows Decline in BTC, ETH but Surge in USDT (Bybit)

• DEX Volume Hits Record $613B in October (The Block)

• Binance to List Intuition (TRUST) on Alpha and Futures With 50x Leverage (Binance)

• Gate Reports 124% Total Reserve Ratio in Latest Proof of Reserves Audit (Gate)

• Upbit Lists KITE on KRW, BTC, and USDT Markets (Upbit)

• OKX Lists HYPE/USDⓈ Spot Pair Today (OKX)

• Coinbase to List Kite (KITE) for Spot Trading on Nov. 3 (Coinbase)

Exchange-Traded Funds

• U.S. Spot Solana ETFs See $200M in Inflows During Debut Week (The Block)

• From Oct. 27–31 (ET), U.S. spot Bitcoin ETFs recorded a total net outflow of $799 million

• U.S. spot Ethereum ETFs saw $15.97 million in net inflows from Oct. 27-31 (ET).

• Bitcoin ETF Demand Falls Below Mined Supply (Cointelegraph)

Infrastructure

• ZKsync Launches Atlas Upgrade to Transform Ethereum Into Institutional Settlement Layer (ZKsync)

• Stripe and Paradigm Build Tempo, a Blockchain for Payments and Stablecoins (Decrypt)

• Berachain Pauses Network for Emergency Fork After $128M Exploit (The Block)

• StarkWare Launches S-Two Prover to Boost Starknet Speed and Privacy (The Block)

Markets

• Bittensor’s TAO Token Tops $1B in Daily Trading Volume, Hits $5.5B Market Cap (TAO Daily)

• Zcash Leads Privacy Token Revival Amid Global Surveillance Concerns (Cointelegraph)

• Pump.fun Launches ‘Spotlight’ to Support Utility Token Projects (Spotlight)

• ECC Charts Privacy-First Course for Zcash with Q4 2025 Roadmap Amid Soaring Adoption (The Block)

• Bitcoin Enters November, Its Historically Strongest Month (Cointelegraph)

• Crypto Market Holds in ‘Fear’ Despite Trump–China Trade Deal (Cointelegraph)

• Aster Surges 35% After $2M Investment From Pardoned Binance Founder CZ (DL News)

• Bitcoin Realized Cap Jumps $8B but ETF Demand Stalls (Cointelegraph)

• $312M in Token Unlocks This Week Led by ENA, MEME, SOL, and TRUMP (Tokenomist)

• Crypto Slips as Traders Brace for U.S. Jobs Data, Rate Cut Debate (Decrypt)

• Why the Fed’s $29B Liquidity Boost Matters — But Isn’t QE (CoinDesk)

• Dogecoin, Cardano Lead Crypto Sell-Off as Profit-Taking Hits Markets (CoinDesk)

• Polymarket Activity Hits Record Highs as Kalshi Leads in Volume (The Block)

• Animoca Brands to List on Nasdaq via Reverse Merger With Currenc Group (CoinDesk)

• Bitcoin Drops Below $108K as Whales Take Profits (The Block)

• Retail Investors Retreat as Bitcoin Dips Toward $100K Support (Cointelegraph)

• Zcash Soars 1,000% as Investors Bet on Privacy Before EU Ban (DL News)

Mining

• Iran Says 95% of Crypto Mining Devices Operate Illegally (Cointelegraph)

• UAE Telecom Giant du Launches ‘Cloud Miner’ Crypto Service (Yahoo Finance)

• IREN Shares Jump 30% After $9.7B AI Cloud Deal With Microsoft (The Block)

Politics & Regulation

• California Fines Bitcoin ATM Operator Coinhub $675K for Consumer Overcharges (Decrypt)

• CZ’s Legal Team Demands Retraction from Sen. Warren After Post-Pardon Remarks (The Block)

• New Hampshire Senate Delays Crypto Mining Deregulation Bill (Cointelegraph)

• Romania Blacklists Polymarket as Unlicensed Gambling Platform (Decrypt)

• EU Plans SEC-Like Supervisor to Oversee Stocks, Crypto, and Clearing Houses (Financial Times)

• Kyrgyz President Confirms CZ’s Role in Bereket Bank, Defends Son’s Involvement (Kabar)

• Warren Defends Post Criticizing CZ Pardon After Defamation Threat (DL News)

• Trump Downplays Ties to Binance Founder After Controversial Pardon (Decrypt)

• Hong Kong to Let Licensed Crypto Exchanges Tap Global Liquidity Pools (The Block)

• Denmark Drops EU ‘Chat Control’ Plan After Privacy Backlash (Cointelegraph)

• CZ Denies Role in Kyrgyzstan’s Proposed Crypto Bank (Cointelegraph)

• France Moves to Tax Crypto as ‘Unproductive Wealth’ (Cointelegraph)

Treasuries

• Tom Lee’s BitMine Buys 7,660 ETH From Galaxy Digital (The Crypto Times)

• Strategy Inc Reports $45.6M Bitcoin Purchase, Expands ATM Offerings (Strategy)

• BitMine Immersion Reports $13.7B in Crypto and Cash Holdings, Now Owns 3.4M ETH (PR News)

Venture Capital

• Sequoia and a16z Lead $3.9B Crypto Funding Surge in October (DL News)

• Crypto VCs Weigh DAT Buybacks as Market Adjusts to New Reality (The Block)

• Maelstrom Criticizes Pantera Fund After 50% Loss Despite BTC Gains (Akshat)

Other News

• Coinbase CEO Sparks Debate After Dropping Prediction Market Keywords (Decrypt)

• Coinbase Defends White House Ballroom Funding (Cointelegraph)

• Elon Musk Unveils X Chat, a Privacy-Focused Messenger (Cointelegraph)

• Thodex Cryptocurrency Exchange Founder Found Dead in Turkish Prison (Bloomberg)

• EtherFi Probes Unauthorized Credit Card Charges, Promises Full Refunds (Kay Capital)

• FTX Creditors’ Real Recovery Far Below Nominal 143% Payout, Says Representative (Sunil)

• Appeals Court to Hear Sam Bankman-Fried’s Retrial Bid on Nov. 4 (CoinDesk)

• Australia Arrests 55 in Third Wave of AN0M Encrypted-App Sting (Decrypt)

• ‘Sunk-Cost-Maxxing’ Is Undermining Long-Term Crypto Innovation (Cointelegraph)

• 21M Insurance Partners with Cobo to Secure Bitcoin Life Insurance Products (Wu Blockchain)

• Lawyer: MEV Brothers Trial Shows Washington Still Doesn’t Get Crypto (DL News)

Check This Out!

The Hodler’s Cheat Sheet “Psychology of a Market Cycle” diagram illustrates Bitcoin’s recurring four-year cycle, mapping investor emotions from optimism and euphoria to panic and depression. Each rotation highlights how sentiment and price behavior tend to repeat predictably across bull and bear markets.

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