CMC Crypto News

ARK initially purchased $172 million worth of shares during the IPO and added over $5 million more just last Friday

The announcement emphasized that the merged entity would provide direct access to the growth potential of the trillion-dollar altcoin digital economy.

The experiment demonstrates how distributed ledger technology can streamline cross-border settlement processes.

The new model adopts a more selective strategy by working with internal teams to allocate funds toward defined priorities within the Ethereum ecosystem.

The acquisition brings the company's total Bitcoin holdings to 641,205 Bitcoin, purchased for $47.49 billion at an average cost of $74,047 per coin.

The decline followed a disappointing October that failed to deliver expected "Uptober" gains for major crypto assets.

He described a blockchain-driven future where every transaction settles digitally, calling it a total rewiring of finance.

Bitcoin and Ethereum declined 6.5% and 10.5% respectively last week, ending investor hopes for "Uptober" gains and breaking a six-year streak of October rallies.

The market capitalization of privacy coins jumped by approximately 80% over the past week, briefly exceeding $24 billion before pulling back to $23.7 billion.

The service enables over-the-counter trading for XRP, RLUSD stablecoin, and dozens of other major cryptocurrencies.

Altcoins underperformed as the market digested macroeconomic uncertainty, with Glassnode analysts noting the $88,000 level has marked corrective phases in prior cycles.

The broader market slowdown drove traders to seek yield opportunities through stablecoins, pushing transaction volume to unprecedented levels.

SFC-licensed platforms can now integrate their systems with overseas trading operations, though they must obtain prior written approval from the regulator.

U.S.-regulated competitor Kalshi maintained its leadership position with $4.4 billion in monthly volume, surpassing Polymarket's October performance.

Trading could stay active if new volatility drivers like U.S.-China trade headlines or macro data emerge in the coming weeks.

The timing coincides with reports that Mastercard is pursuing an acquisition of Zerohash valued between $1.5 billion and $2 billion.

Europe's current regulatory landscape includes numerous national and regional agencies, significantly increasing costs for cross-border operations.

The modest uptick followed the White House's comprehensive statement outlining the deal reached between President Donald Trump and Chinese President Xi Jinping.