ChainThink news, November 1st, according to market data, Bitcoin is now quoted at 109,707 USD, the monthly line for October ended with a decline of 3.69%, marking the third losing October in history (previous ones were 2014 and 2018). According to historical data, October is usually one of the best months for Bitcoin, with an average return of +19.92% and a median return of +14.71%.
Additionally, Ethereum is now quoted at 3841 USD, ending the October monthly line with a decline of 7.02%, marking the third worst October performance.
ChainThink message, November 1st, U.S. Treasury Secretary Beyoncé said: "17 years after the release of the Bitcoin whitepaper, the Bitcoin network is still running well and more resilient than ever. The Bitcoin network never goes down, and the Democratic Party in the Senate might learn something from it."
ChainThink news, November 1st, according to Techinasia, the Web3 platform KapKap has completed a $10 million seed round financing, led by Animoca Brands, with participation from Shima Capital, Mechanism Capital, Klaytn Foundation and Big Brain Holdings.
KapKap will use this funding to develop its KAPS (Key Attention Pricing System) reputation system, expand collaborations with game developers, and launch new casual games.
ChainThink news, November 1st, according to market data, Bitcoin rose above 110,000 USD this morning, currently at 109,783 USD, ETH rose to 3,900 USD this morning, currently at 3,849 USD. SOL is currently at 187 USD, BNB is currently at 1,092 USD. The total market capitalization of cryptocurrencies slightly rebounded to 3.781 trillion USD, with a 24-hour increase of 0.6%.
In the US stock market, the S&P 500 index achieved a six-month consecutive rise, increasing by 2.27% in October, setting the longest monthly consecutive rise record since August 2021; the Dow Jones index achieved a six-month consecutive rise, increasing by 2.51% this month; the Nasdaq index achieved a seven-month consecutive rise, increasing by 4.7%, all setting the longest consecutive rise records since January 2018. US stock market crypto-related stocks generally rose, including:
Circle (CRCL) rose 3.48%;
Coinbase (COIN) rose 4.65%;
Strategy (MSTR) rose 5.87%;
MARA Holdings (MARA) rose 2.87%;
Bitmine Immersion (BMNR) rose 4.71%;
SharpLink Gaming (SBET) rose 8.38%.
ChainThink report, November 1st, California regulators fined Coinhub, a Bitcoin ATM operator, $675,000 for violating the digital asset law. The fine included $105,000 in compensation paid to California consumers who were charged excessive maximum fees and transaction fees when using cryptocurrency ATMs.
ChainThink message, November 1st, according to DL News, the National Gambling Office of Romania (ONJN) added Polymarket to a blacklist on Thursday, citing its unauthorized operations. ONJN classified bets on the prediction market as "counterparty betting" rather than trading. In Romania, the gambling industry is a state monopoly, and operators must apply to and obtain a license from the National Gambling Office before commencing business. The Romanian authority stated in a statement, "The decision to add Polymarket to the blacklist is related to legal issues, not technical ones."
ChainThink message, November 1st, according to Lookonchain monitoring, Ethereum founder Vitalik once again sold two Meme coins he obtained for free, exchanging them for 15,170 USDC.
Previously on October 30th, Vitalik sold 275 trillion Meme coins CAT that he had obtained for free, earning 14,216 USDC.
ChainThink report, November 1, according to Eric Balchunas, an ETF analyst at Bloomberg, Bitwise has released the fourth revised version of its XRP ETF application, adding information about the trading platform (New York Stock Exchange) and management fee (0.34%). Eric Balchunas stated that these are typically among the final key steps required in the ETF application process.
ChainThink message, November 1st, according to EmberCN monitoring, the first holding institution address of Ethereum, Bitmine, received 7,660 ETH from Galaxy Digital 6 hours ago, valued at 29.28 million USD.
Bitmine has increased its holdings by 112,960 ETH through BitGo, FalconX, Kraken, and Galaxy Digital this week, valued at 443 million USD, with an average price of approximately 3,923 USD.
ChainThink message, November 1st, according to Bloomberg, Coinbase plans to acquire the stablecoin infrastructure startup BVNK for approximately 2 billion USD, and the deal is in the final negotiation stage, expected to be completed by the end of this year or early next year, but due diligence still needs to be completed.
If the transaction is completed, it will be the latest example in the recent wave of mergers and acquisitions in the stablecoin sector. Coinbase's move aims to reduce its reliance on transaction fees, diversify revenue sources, and increase the usage of stablecoins.
The three major US stock indices all achieved six consecutive months of gains in October. The Nasdaq Index closed up 0.61%, with a weekly gain of 2.24% and a monthly gain of 4.7%; the S&P 500 Index rose 0.26%, with a weekly gain of 0.71% and a monthly gain of 2.27%; the Dow Jones Industrial Average gained 0.09%, with a weekly gain of 0.75% and a monthly gain of 2.51%. Cryptocurrency-related stocks performed strongly, with Coinbase (COIN) rising 4.65%, Circle (CRCL) up 3.48%, and MicroStrategy (MSTR) gaining 5.87%.
ChainThink report, November 1st, Atlanta Fed President Bostic clearly stated on Friday that a rate cut in December is not a given. Speaking about the outlook for monetary policy at the Dallas Fed meeting, he emphasized: "I will reiterate that each meeting is a live decision, we have no predetermined path, and we will not deviate from the data-dependent principle."
Bostic specifically pointed out that although the market has strong expectations for a rate cut at the end of the year, Federal Reserve Chair Powell clearly stated after this week's policy meeting that it is wise not to take the December rate cut as a given. He said, "The dot plot numbers indicate different views, but do not overinterpret them. We will rely on data to ensure our decisions are appropriate." (Jinshi)
ChainThink message, November 1, according to Coinglass data, the total liquidation value of the entire network in the past 1 hour was 41.47 million USD, including long position liquidations of 40.48 million USD and short position liquidations of 990,000 USD.
In the past 24 hours, a total of 160,289 people were liquidated globally, with a total liquidation amount of 539 million USD. The largest single liquidation occurred on Hyperliquid - BTC-USD, valued at 8.5337 million USD.
ChainThink message, November 1st, the US chain fast food brand Steak 'n Shak announced the establishment of a strategic Bitcoin reserve, all payments made in Bitcoin will be deposited into its strategic Bitcoin reserve.
Over the next 12 months, Steak 'n Shak will donate 210 satoshis from the sales of each Bitcoin meal to Open Sats Initiative, Inc.
ChainThink message, November 1st, according to crypto journalist Eleanor Terrett, the U.S. Tenth Circuit Court of Appeals made a ruling in the Custodia v. Federal Reserve case. The court ruled 2-1 in favor of the Federal Reserve, dismissing Custodia's request to force the central bank to open a master account for it.
