- Market Overview: Bitcoin struggles to hold $90,000, with analysts suggesting potential capitulation territory. A bearish SuperTrend indicator and extreme fear sentiment hint at further downside. Altcoins also suffer, with XLM breaking key support and BONK extending its slide.
- Regulatory Developments: Prospective CFTC chair Michael Selig supports a “cop on the beat” for digital assets. The US government reopening could unleash a flood of crypto ETF applications in 2026. Trump’s CFTC pick considers crypto a ‘critical mission’. Samourai Wallet co-founder sentenced to 4 years for unlicensed money transmitting.
- Institutional Adoption: Anchorage Digital Bank integrates Mezo’s BitcoinFi tools, offering institutions BTC-backed loans. Bullish posts record Q3 earnings, though shares continue to slide.
- DeFi Innovations: Coinbase rolls out its DEX trading platform in Brazil, offering access to over 10,000 tokens. A DeFi advocacy group proposes solutions to address global poverty, estimating potential savings of $30 billion annually in remittance costs. Spark shelves crypto app to focus on institutional infrastructure.
- Stablecoins and CBDCs: The ECB is concerned about US dollar stablecoins and their potential impact on policy, with European issuers proposing solutions. Opera MiniPay integrates stablecoin spending in Latin America.
- Solana ETF Launch: Despite the broader market downturn, the 21shares Solana ETF (TSOL) debuts with over $100 million in assets under management.
Analysis: The crypto market displays mixed signals. While regulatory developments and institutional adoption continue to progress, bearish sentiment and price corrections raise concerns. The Solana ETF launch suggests continued investor interest in specific assets despite overall market volatility. Shifting geography of exchange quality requires licenses and liquidity.