Crypto weekly is authored by maaria bajwa

PRICE CHANGE: WTD/YTD
- Crypto Market Cap ($2.89T): -3% / -5%
- BTC ($83,627): -2% / -4%
- ETH ($2,533): -6% / -15%
- SOL ($111): -9% / -11%
- HYPE ($87): -4% / +240%
- COIN ($180): -2% / -20%
- Tether Mkt Cap ($184B): 0% / -2%
- USDC Mkt Cap ($73B): -2% / -4%
- BTC / ETH Dominance: 58% / 11%

THIS WEEK IN CRYPTO
- Profit-taking and forced liquidations of $720 million in long positions led to a pullback in crypto prices. Link. Link.

- Securitize launched tokenized US stocks including Apple, Nvidia, Tesla and Microsoft on Solana, each backed 1:1 by real shares. Link. Link.

- FinCEN scrapped its 2020 proposal requiring banks and money services businesses to record transactions over $3,000 involving self-custody wallets. It also withdrew its 2023 plan to designate international crypto mixing a “primary money laundering concern.” Link.

- The only seven-trait CryptoPunk sold for a reported $5.9 million, including $3 million in USDC. Link. Link.

- OKX and NYSE owner ICE filed to run a 24/7 tokenized stock venue under the SEC’s new Innovation Exemption. Link.

- An IMF report found that over 50% of tokenized equity trading happens outside US market hours, and 80% of trades involve fractional shares. Link. IMF Report.

- Ethereum’s Sepolia testnet activated the Glamsterdam upgrade, which includes a 3x increase in block capacity. Link.

- Ethereum researcher Justin Drake warned that AI could crack the cryptography protecting crypto wallets before quantum computers. He urged the industry to prepare for “bunker mode” by moving funds to fresh addresses that keep public keys hidden. Link.

- Ethereum treasury company Bitmine said it would stop buying Ethereum once it holds 5% of circulating supply, which it could hit in the next few months. Link.

- JPMorgan estimates roughly $50 billion has flowed into digital assets this year, an annualized pace of $66 billion, roughly half last year’s. Link.

- Robinhood added $25 million worth of bitcoin to its balance sheet. Link.

- The Winklevoss group filed an S-1 for a spot Zcash ETF under the ticker WINK. Link. Link.

- Strategy returned to profitability for the first time in four quarters after registering an unrealized gain from a $21 billion increase in the value of its bitcoin holdings in Q3. Link.

- Hardware wallet maker Ledger launched Crypto Loan, a self-custodial feature allowing users to pledge wrapped Bitcoin to borrow USDC or USDT. Link.

- Token treasury company Metaplanet sold 10,000 BTC and repurchased 11,000 during Q3 to prove to credit rating agencies that it is both willing and able to turn its Bitcoin into cash. Link.

- The Solana Foundation launched Solana DvP, an open-source tool developed with input from JPMorgan that lets institutions settle assets and payments together in a single atomic transaction. Link.

- Greece plans to impose a 10% capital gains tax on cryptocurrency gains over €500 a year. Link. Link.