🇭🇰🏦 #BTC #ETH Standard Chartered will launch innovative digital asset solutions in Hong Kong next year, including custodial services for BTC and ETH.

🇺🇸🍿 The US Congress has introduced a bill to ban the use of public office for personal enrichment through cryptocurrency projects and call for measures to prevent conflicts of interest and foreign influence on politicians with digital assets.

🇺🇸👀 Crypto #ETF Flows Today:
#BTC-ETFs:
NetFlow: -1,723 BTC ($180.02M) 🔴
BlackRock outflows 1,748 BTC ($182.6M) and currently holds 799,701 BTC ($83.55B);
#ETH-ETFs:
NetFlow: -38,833 ETH ($138.25M) 🔴
BlackRock outflows 22,681 ETH ($80.74M) and currently holds 3,970,064 ETH ($14.13B).

📊📉 Sentora: On-chain metrics suggest altcoin interest is cooling. Active addresses, new users, and on-chain volume are down in the past 3 months and the total altcoin market cap is down by nearly 50% compared to prior cycle highs.

📉🤔 Glassnode: The monthly funding paid by longs in Bitcoin perpetuals has declined by ~62%, from $338M/month in mid-August to $127M/month now.

This underscores a clear macro downtrend in speculative appetite, as traders grow reluctant to pay interest to maintain long exposure.

📈 Total trading volume of open-ended DEX futures reached a record $1.2 trillion in October, nearly double the previous month. Leading the growth were Lighter, Aster, EdgeX, Pacifica and ApeX, all of which posted record monthly volumes.
Hyperliquid stood out among the major DEXs with a share about 16% below its peak two months earlier.

🏴‍☠️ #WELL Moonwell was hacked today for >$3.7M. The hacker exploited a vulnerability in the oracle wrsETH/ETH Chainlink.

🔝 Leading chains by Capital Inflow in the last 30 days

Net asset flow is a powerful indicator of on-chain growth and capital trends, helping identify which blockchains are gaining the most traction. #BNB #AVAX #LINEA

🇺🇸📉 #ETH CQ: The Coinbase Premium Index for ETH just plunged to -0.057, its lowest since April. This means US investors are selling, with Coinbase prices now below Binance — a clear bearish signal.

The shift marks a profit-taking phase after months of strong US demand from May to September.

🇺🇸📉 Yesterday, the U.S. stock market capitalization fell by $730 billion.

✏️ Arthur Hayes posted a new article predicting market volatility, especially until the U.S. government shutdown ends. Noted that since the four-year #BTC cycle is near, many will take this period of market weakness as a top and sell the portfolio.

📊 #BTC CQ: Short-term holders (STH) continue to send their BTC to exchanges at a loss. Just yesterday we saw ~30,300 BTC sent to exchanges, reflecting a growing wave of capitulation among recent buyers.
Every time the price tries to recover and reaches the STH realization price (currently ~$112,500), we see immediate profit taking or breakeven exits. These reactions create resistance and make it difficult for price to rise.

📉 #BTC #ETH #ETF Yesterday, total net outflows of spot BTC-ETFs totaled ~$566.4 million.

Total net outflows of spot ETH-ETFs amounted to ~$219.4 mln.

🐳 Despite the recent drop in #ETH , many whales have been buying the drop, accumulating 323,523 ETH ($1.12 billion) in the last 2 days.

📊 Top Blockchains by DEXs volume growth in the last 30 days

Among the top performers are Starknet, NEO, and zkSync, underscoring increased activity within their ecosystems. #STRK #NEO #ZK

😱🤑 Fear&Greed Index for #BTC and #ETH