🪐 Global Crypto Market

⛏ 1. Bitcoin Falls Below $100,000: Whales Dump $45B in Assets

BTC price dropped 7.4%, falling below $100,000 for the first time since June — more than 20% below last month's record. Unlike previous crashes, the current decline is caused by spot market sell-offs rather than futures liquidations. According to 10x Research, long-term holders sold approximately 400,000 BTC ($45B), causing market imbalance. Analysts from market maker Wintermute noted a break in the usual four-year cycles and crypto lagging behind other instruments.

➡️ Long-term Bitcoin whales are transferring coins to ETFs for tax optimization, and Bitcoin's annual growth rate is declining — it's no longer a high-yield instrument and is used as a hedge against failures in traditional financial systems.

🔗 Bitcoin whales dump 45 billion analysis
🔗 Bitcoin market analysis Wintermute


🖼 2. Ethereum: Record Stablecoin Volumes and Wall Street Infrastructure

Ethereum network recorded a record volume of stablecoin operations in October — $2.8T. Former head of digital assets at BlackRock and current CEO of SharpLink, Joseph Chalom, stated that Ethereum is the new infrastructure for Wall Street. Most stablecoins, tokenized assets, and active smart contracts run on Ethereum. The Ethereum Foundation relaunched its grants program with a new targeted approach.

➡️ Ethereum is becoming a platform that financial institutions can trust for digitizing finance, generating additional returns through staking.

🔗 Ethereum Wall Street infrastructure
🔗 Ethereum Foundation grants program relaunch


💸 3. Zcash Rises 700%+: Privacy Back in Focus

The price of Zcash (ZEC) — a cryptocurrency focused on transaction privacy — rose 21% in the last 24 hours, holding above $600. The cryptocurrency ranks 18th by market capitalization. Over the month, ZEC has grown nearly 1,500% from the bottom, pulling other privacy coins with it. However, the European Union plans to completely ban the use of privacy coins by 2027, and major CEX exchanges are announcing delisting of ZEC, DASH, and XMR.

➡️ Zcash's growth demonstrates a revival of interest in privacy as the main utility of cryptocurrencies, but regulators are back at work, which may limit the use of these tools.

🔗 Zcash price surge privacy coins


🐋 4. Solana ETF Launched: Bitwise and Grayscale Add Staking

Bitwise and Grayscale launched spot Solana ETFs with staking functionality. DTCC added five spot XRP ETFs to its website from Bitwise, Franklin Templeton, 21Shares, Canary, and CoinShares. Although DTCC registration doesn't guarantee listing, the community expects trading to launch this month, given all the registration relaxations from the SEC.

➡️ Permission for staking in ETFs from the IRS and US Treasury opens new opportunities for investors to earn returns from crypto assets in traditional financial instruments.

🔗 Solana ETF staking launch
🔗 XRP ETF applications listing

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