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Here's a quick preview of today’s content: Bitcoin surged past $75k, VC activity jumped 30% last month in crypto startups, VanEck launched a new ETN, OpenSea launching a '2.0' revamp, Michigan adds Ethereum to its pension fund, Mt.Gox keeps moving funds, and more.

Also make sure to check out our new job listing at the bottom of the newsletter!

Let’s dive in.

Before The Bell

Market Snapshots

• Bitcoin briefly surged past $75,000, a new record, as traders bet on a Trump election win

• Coinbase and MicroStrategy also rose a few percentage points in after hours trading

• Dogecoin rallied 10%+

Headline Roundup
^{_{The major headlines driving crypto markets}}

• Bitcoin mining difficulty reached an ATH, surpassing 100 trillion for the first time (TD)

• Semler Scientific said it plans to continue amassing Bitcoin after it bought another $2.6M in Q3 (CT)

• VanEck listed an exchange-traded note (ETN) in Europe tracking the performance of Pyth Network’s token, PYTH (CT)

• OpenSea plans comeback with 2.0 overhaul (BW)

• Mt. Gox transferred $2.2B of Bitcoin, partly to centralized exchanges, adding to BTC selling pressure (CT)

• DeFi market maker Xinteria surpassed $1B in trading volume (DH)

• A Polymarket user sold ~$4M in bets that predicted a Donald Trump victory (CS)

• The state of Michigan pension fund expands crypto holding with $10M Ethereum buy (DC)

• Crypto fundraising platform Legion partnered with startup Bluprynt to add compliance solutions to enable EU developers to comply with MiCA rules when conducting token sales (DC)

• If Trump wins, he will free Silk Road creator Ross Ulbricht and fire SEC chair Gary Gensler (TB)

• Hamster Kombat, a tap-to-earn game on Telegram, lost 259M of its players, an 86% decline (TD)

• Japan’s early-stage investment firm, Metaplanet joins CoinShares’ Blockchain Index in First Global Listing (DC)

• Ethereum Devcon attendee robbed at knifepoint in Thailand (DC)

• Crypto Exchange Binance donates $3M to Valencia Flood Relief Efforts (DC)

• MicroStrategy’s $42B bitcoin acquisition has some risks, CoinShares says (CD)

• Chainlink, Swift, and UBC successfully piloted fiat settlement for tokenized funds under MAS Project Guardian (CD)

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Launches

• Crypto exchange Bitget launched Bitget Pay, its new payment service for instant cross-border crypto transactions (AB)

• Stablecoin issuer Paxos will launch a yield-bearing stablecoin with backing from institutional crypto bank Anchorage Digital, asset management firm Galaxy Digital, and exchanges Kraken and Bullish (TD)

Venture Capital

• VC funds invested $860M in crypto startups last month, a 30% leap from the amount registered in September and the highest since April’s $954M earlier in the year (CS)

Regulation

• USDC stablecoin issuer Circle’s CEO believes that stablecoins will become a regulated financial network all over the world (DH)

• Crypto exchange Bybit received its Virtual Asset Service Provider license from the National Bank of Georgia (CD)

Cybersecurity

• Crypto exchange M2 experienced a major security breach, resulting in a theft of $13M (CM)

Extra Reads

• Here’s a round-up of the crypto industry's most viral, headline-grabbing moments in the lead-up to Election Day on November 5 (DC)

🚨 New Job Alert

We are working with Pantera Capital to hire an Investment Analyst for their Liquid Token Fund, an open-ended fund focused primarily on liquid tokens.

With $5B of total firm AUM, Pantera was the first US institutional asset manager focused exclusively on blockchain technology.

If you are crypto native and have deep fundamental analysis skills from 1-4 years of investment banking, private equity, hedge funds, consulting, or public equity research, this is the perfect opportunity for you!

Bonus points if you manage your own portfolio of digital assets and can discuss your investment strategy.

Apply below:

Chart of the Day

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