CMC Crypto News

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.

The device also contained an image with random numbers and words arranged in an unusual pattern.

New buyers are stepping in during dips, absorbing supply from original believers who are cashing out after years of holding.

The firm currently holds 640,808 Bitcoin, representing approximately 3.1% of the total Bitcoin supply.

Market participants describe the trend as capital-rotation, with funds shifting away from Bitcoin and Ethereum products into Solana-focused investment vehicles.

The initiative includes the creation of an Asset Tokenization Industry Working Group, co-led by Bank Negara Malaysia and the Securities Commission.