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Good Morning and Happy Halloween! 🎃

Here's a quick preview of today’s content: A massive investigation into MrBeast's crypto trading comes to light and it’s not looking good, Coinbase missed on earnings but announces buyback program to soften the pain, BlackRock’s Bitcoin ETF becomes the fastest growing ETF in the history of ETFs, Bitcoin was $175 dollars away from all time highs: so close yet so far, and much more

Let’s dive in.

Before The Bell

Market Snapshots

• Stablecoin market cap falls $2B as liquidity Bitcoin price surge (CS)

• With over $160B in stablecoins, there is still plenty of liquidity in the market to potentially fuel a sustained bull run toward or beyond the all-time high.

• Overall the market took a breather after this past week’s rise

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

• YouTuber MrBeast allegedly earned $23M from crypto scams and a group of online crypto investigators painstakingly mapped it all out (KL)

• Michael Saylor’s MicroStrategy plans to raise $42B to buy more Bitcoin over the next 3 years (CD)

• The NYSE is seeking to list a Greyscale ETF holding a diverse basket of cryptocurrencies (CT)

• MicroStrategy’s Michael Saylor posted a fake quote about Donald Trump’s position on taxing crypto (CT) 

• Bitcoin was $175 away from setting a new ATH on Tuesday (CT)

• Florida’s CFO wants state’s retirement funds to consider investing in Bitcoin (CT)

• Prediction market Polymarket is "rife" with wash trading per Fortune (CD)

• 5% of US presidential election voters identify as single-issue crypto voters (CT)

• Ripple’s CEO urged the next president to prioritize US crypto regulation reform (CP)

• Life insurer Meanwhile is offering insurance policies denominated in Bitcoin that feature tax advantages through tax-free policy loans (CT)

• VanEck and Kiln Join focus to offer regulated Solana staking (CN)

• Pepe Unchained presale hits $23.5M mark ahead of meme coin supercycle (CD)

• OpenEden fires employee following drugging allegations in Hong Kong (TB)

• Kraken restructures with new co-CEO, layoffs reported (CT)

• Reddit offloads most of its Bitcoin, Ether holdings (CT)

• Crypto exchange Coinbase fell short of revenue expectations in Q3, but announced a $1B share repurchasing program (DC)

• Starknet hits transaction milestone in gaming surge (BKL)

• Ex-FTC exec sentenced to ‘time served’ and will receive no prison time after pleading guilty to six felony charges (CT)

• Legendary trader Peter Brandt says post-halving advance for Bitcoin could kick off after BTC breaks $70,000 (TD)

• BlackRock’s Bitcoin ETF becomes fastest-growing in history with $30B milestone (CS)

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Launches

• The Telegram game Tomarket is launching its TOMA token on The Open Network today (DC)

• Libeara and FundBridge launch onchain tokenized US Treasurys funds (CT)

• Morph announces Mainnet launch on Ethereum, paving way for consumer blockchain adoption (TD)

• Solana infrastructure protocol, Solayer, announced the launch of sUSD, a stablecoin backed by real-world assets (RWAs) (TD)

Venture Capital

• GnosisDAO, the DAO behind the Gnosis Chain, approved a proposal to launch a $40M venture fund aimed at accelerating early-stage blockchain projects (CT)

• Hack VC leads $25M funding rounding for privacy-focused blockchain project Nillon (NG)

• Three Arrows Capital’s supposed spin-off 'Three Arrowz Capitel’ goes all in on low cap meme coins (TF)

• Crypto startups are poised to gain $12B of venture capital funding this year (MS)

Extra Reads

• Vitalik Buterin, creator of Ethereum, has written many articles this year which have been part of a series, "Possible futures of the Ethereum protocol". Each post diving deep into a major pillar of Ethereum's roadmap. This article breaks down all of these articles and gives an entire Ethereum roadmap cheat sheet (BKL)

Chart of the Day

This chart depicts how long altcoins have maintained their top-10 status

Lesson: This space moves fast. Remain adaptive and never marry your bags.

Meme Dump
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