Was $500B Value destruction Just a blip?: Crypto Daybook Americas

⚪ Neutral
By Francisco Rodrigues (All times ET unless indicated otherwise)The crypto market staged a fragile recovery after a violent flash crash on Friday erased more than $500 billion in value and forced nearly $20 billion in liquidations across derivatives platforms.Bitcoin fell as much as 13% in an hour, bottoming near $102,000...
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Metaplanet Trades Below 1x mNAV for First Time Since Starting Bitcoin Treasury Plan

⚪ Neutral
Metaplanet (3350) is now trading below a 1.0x multiple to net asset value (mNAV) for the first time since launching its bitcoin treasury strategy back in 2024. mNAV can be defined as a metric that measures the market capitalization of a company relative to the value of the crypto assets...
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BlackRock's IBIT Bucks the Trend with Continued Inflows Despite Weak Bitcoin Price Action

⚪ Neutral
U.S. spot bitcoin exchange-traded funds (ETFs) recorded their largest combined daily outflow since Sept. 26 on Monday, with $326.4 million exiting the market, according to Farside data. However, BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot bitcoin ETF by assets on the market, bucked the broader trend by continuing to...
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Ethereum’s Fusaka Rolls Out on Sepolia; Hoodi Testnet Up Next

📈 Bullish
Ethereum developers launched the second test of the upcoming Fusaka upgrade early Tuesday morning on the Sepolia network, marking another step toward the upgrade’s mainnet debut.The test follows a successful rollout on the Holesky testnet two weeks ago. Developers plan one final rehearsal on the Hoodi network on Oct. 28,...
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Bitcoin Slips Under $112K, ETH, DOGE Drop 6% as China Hits Back on U.S. Tariffs

📉 Bearish
Bitcoin fell below $112,000 during trading Tuesday afternoon Hong Kong time as China’s retaliatory trade measures sent a fresh wave of risk-off sentiment across global markets.Bloomberg reported earlier Tuesday that China sanctioned U.S. units of South Korean shipbuilder Hanwha Ocean in a move that reignited fears that the trade conflict...
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Societe Generale-FORGE and Bitpanda Expand Partnership to Bring Regulated Stablecoins to DeFi

⚪ Neutral
Societe Generale-FORGE (SG-FORGE), and Austria-based cryptocurrency exchange Bitpanda, are deepening their partnership to bring regulated stablecoins into the decentralized finance (DeFi) space.Bitpanda will now offer the bank’s EUR CoinVertible (EURCV) and USD CoinVertible (USDCV) directly to retail users across Europe through its platform and DeFi wallet.The move makes Bitpanda the...
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