Crypto Market Snapshot

The global crypto market cap sits at $2.28 trillion, reflecting a 1.76% decrease in the last 24 hours, according to CoinMarketCap data. Bitcoin (BTC) has seen some fluctuation, trading between $65,596 and $68,771 over the past day. As of 09:30 AM (UTC) today, BTC is priced at $67,219, marking a slight drop of -0.63%.

Market Highlights

In a mixed trading landscape, several major cryptocurrencies are capturing attention. The standout performers include:

PROM: up 35%

RAD: up 12%

WING: up 11%

Top Stories Making Waves

1. Tether Investigation Shakes Crypto Market

Allegations of U.S. government scrutiny over Tether have stirred discussions within the community, prompting reactions across the market.

2. Rising Expectations for Fed Rate Cuts

Anticipation builds as key inflation and employment reports suggest a potential 25 basis point interest rate cut by the Federal Reserve next month.

3. Tokenized Treasury Market Expansion

The growing tokenized treasury market could pose a significant challenge to traditional stablecoins, reshaping how liquidity is managed in the crypto space.

4. Slight Decline in U.S. Inflation Rate Expectations

October’s inflation rate expectations show a slight downward trend, impacting market sentiment and investment strategies.

5. Michael Saylor's Bitcoin Call to Action

The co-founder of MicroStrategy, Michael Saylor, is urging Microsoft’s CEO to consider integrating Bitcoin into the company’s strategy.

6. Surge in Bitcoin ETF Demand

Demand for Bitcoin ETFs reaches a 6-month high, even as futures volumes remain low, indicating strong investor interest.

7. Vitalik Buterin Addresses Ethereum Concerns

Ethereum co-founder Vitalik Buterin steps in to reassure the community amid growing concerns regarding recent sales.

8. Emory University’s $15 Million Grayscale Bitcoin Trust Investment

An SEC filing reveals that Emory University holds $15 million in the Grayscale Bitcoin Trust, highlighting institutional interest.

9. NYSE Arca Extends Trading Hours

NYSE Arca plans to extend its trading hours to 22 hours daily, offering more opportunities for investors to engage with the market.

Market Movers

Here’s how major coins are performing:

ETH: $2,475.48 (-2.10%)

BNB: $583.80 (-1.27%)

SOL: $169.15 (-1.28%)

XRP: $0.5144 (-2.06%)

DOGE: $0.13505 (-2.35%)

TRX: $0.1649 (no change)

TON: $4.98 (-2.56%)

ADA: $0.3312 (-3.07%)

AVAX: $25.62 (-3.06%)

SHIB: $0.00001697 (-4.02%)

Top Gainers on Binance

Keep an eye on these coins making significant moves:

PROM/USDT: +35%

RAD/USDT: +12%

WING/USDT: +11%

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$BNB