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Crypto chop continues, Gold drops, DraftKings buys prediction marketCrypto chop continues, tariff headlines dominate. ZEC breaks $300 before falling, leads altcoins. Waller signs Fed’s shift towards embracing crypto. ETH Foundation moves $654m ETH. BlackRock trying to pull in BTC whales to its ETFs. HK approves first SOL ETF. SOL ends support for Saga mobile phone. Galaxy profit jumps 1500% in record quarter. Bealls now accepting crypto payments. Aave outstanding loans hit $25b, to integrate Maple. Groups urge Trump to defend CFPB’s banking rule. Asian exchanges intensify scrutiny of DATs. Kadena winds down ops, KDA drops 60%.

In brief Meme stock traders have rallied behind Beyond Meat after noticing a stack of short sellers targeting the stock. Investors jumping on the trend are hoping to replicate the mania of GameStop’s 2021 short squeeze. So far, BYND has pumped by nearly 1,000% over the last five trading days. Meme stock traders believe that the plant-based food brand Beyond Meat is “the most shorted stock in the market,” echoing sentiments from 2021’s GameStop phenomenon.With that perspective gaining steam, BYND stock has now surged 963% over the past five days, according to TradingView. Nasdaq has already halted trading four times…

What is Bitcoin and who is it for? There are a plethora of catchphrases available on Twitter to cover this one. Bitcoin is for everyone… no wait, it’s for anyone! Bitcoin is a store of value. Bitcoin is a medium of exchange. We could do a classic appeal to authority and declare that Bitcoin is exactly what Satoshi described, “A Peer-to-Peer Electronic Cash System”.Bitcoin becomes what we make it. It serves the people we choose to build for. If we want Bitcoin to be a store of value or medium of exchange, we have to build the protocols and services…

In brief The NHL has signed multi-year licensing deals with prediction market startups Kalshi and Polymarket. Weekly prediction market volume surpassed $2 billion for the first time, with sports betting driving $414.7 million in volume last week. Major funding rounds have propelled valuations, with Kalshi recently raising $300 million and Polymarket securing $2 billion. The National Hockey League has inked multi-year licensing agreements with prediction market startups Kalshi and Polymarket, marking the first time a major U.S. professional sports league has authorized these platforms to use its trademarks.Prediction platforms will now compete with established sportsbook giants like DraftKings and FanDuel…

Key takeawaysBNB price must hold $1,000 support to avoid a deeper correction to $845.Spot taker CVD remains negative, suggesting waning demand.BNB (BNB) displayed weakness on Wednesday, down 10% over the last seven days, trading at $1,072. Multiple technical and onchain indicators suggest that the Binance-linked coin must hold the $1,000 support to avoid a deeper correction toward $845.BNB bulls need to defend $1,000 supportThe latest sell-off has seen the BNB price drop toward the $1,050 support level. Bulls were fighting to push BNB above this level to avoid further losses.“$BNB is holding strong around the $1,060 support zone after a…

ESRB warns of money-market fund-style stress on stablecoins.Dollar dominance of stablecoin hurts the EU’s digital finance ambitions.Stablecoin market grows to $308 billion.Stablecoins are already a $308 billion market that some suggest could reach $1 trillion by the end of this decade.But for the European Union Systemic Risk Board, the burgeoning market poses real risks for both crypto and traditional finance.In a report this month, the ESRB called for the EU’s Markets in Crypto-Assets, or MiCA, regulations to be strengthened against non-compliant stablecoins used by investors in the region.The report said such measures are necessary to protect the eurozone from disorderly…

I consider myself a progressive person because I look around the world and I see that it is not just, fair, equitable, or peaceful. I have always looked for ways to make the world better, and I have always done that from within the systems I recognized as broken. For most of my adult life, I have expected the government (one example of a broken system) to make rules and laws that nudge the system closer to justice, fairness, equity, and peace. Isn’t that the best we can hope for? One reason why I encourage you to learn about Bitcoin…

As volatility sweeps through the cryptocurrency market, Binance Coin (BNB) finds itself in a crucial position. The token has slipped close to the $1,000 support level, raising questions about whether bulls can defend this critical price zone in the short term. While technical indicators suggest a weakening trend, BNB’s on-chain fundamentals continue to show resilience, keeping investors cautiously optimistic. BNB Faces Renewed Selling Pressure BNB’s price dropped 3.9% on October 21, tracking Bitcoin’s wild price swings between $114,000 and $107,800 within a single day. The quick succession of rallies and retracements in Bitcoin triggered a wave of volatility across major…

In brief The Ethereum Foundation moved $610 million worth of ETH to a new wallet on Wednesday. The “routine” migration was to a new multi-signature wallet from Safe. The Foundation is deploying more of its funds into DeFi protocols to support community development. The Ethereum Foundation moved more than 160,000 ETH—valued at approximately $610 million as of this writing—to another wallet on Tuesday, prompting speculation over the reasons and destination for the bulk of the Foundation’s treasury.On Wednesday, the Safe Foundation and the Ethereum Foundation announced that the funds had been moved into a multi-signature Safe Wallet, which is designed…

In brief Wallets tied to alleged scammer Chen Zhi have moved about $1.7 billion in Bitcoin recently sanctioned by the U.S. Treasury, per Arkham Intelligence. The 15,959 BTC transfers appear tied to Chen’s Prince Holding Group, which prosecutors say ran a global crypto fraud and forced-labor network. Chen remains on the run, as investigators question how the U.S. obtained another $14 billion in BTC linked to his operation. The alleged mastermind behind a $14 billion crypto scam, currently on the run from the U.S. government, has begun moving billions of dollars worth of Bitcoin to new wallets, according to on-chain…