Crypto Daily — DeFi, NFT, Web3

💰 Wall Street veteran Jordi Visser believes that Bitcoin is not growing because it is currently going through its "IPO" stage: 1️⃣ Bitcoin is currently going through an "IPO" stage — there is a redistribution of the asset in favor of a broader range of investors. 2️⃣ Early holders (OG) should diversify and sell part of their assets — this is a natural stage after large profits. 3️⃣ Retail investors are not yet showing interest in BTC — the asset seems "boring" compared to the hype around companies like NVIDIA. 4️⃣ Bitcoin has a weak correlation with NASDAQ, and this is positive — it opens up opportunities for long-term diversification. 5️⃣ After the distribution phase ends and the interest of the "old" players decreases, attention to BTC will return, and it may enter a growth phase again.

🇪🇺 The European Union is considering the possibility of introducing oversight of stock and cryptocurrency exchanges following the example of the US SEC.

💰 The monthly volume of operations with stablecoins on the Ethereum network reached a record level in October — $2.8 trillion.

🗽Donald Trump gave a new interview in which he spoke about cryptocurrencies, artificial intelligence, and US technological leadership: 🔴 Cryptocurrency is the industry of the future, and America must be #1. 🔴 AI chips must be produced and controlled only in the USA — China will not get them. 🔴 Artificial intelligence and chips are a matter of national security, not just economics. 🔴 Losing technological leadership could lead to the weakening of the dollar. 🔴About Changpeng Zhao: "I don't know who CZ is". According to him, "many good people advised to pardon him," and the case was political in nature.

🇰🇬 The President of Kyrgyzstan reported that Changpeng Zhao (CZ) initiated the creation of a private bank to work with digital assets — Bereket Bank. The new bank will attract foreign investments and develop the virtual assets sector. He specifically emphasized that this is a fully private project, without the involvement of the state or his family.

🇦🇷 In Argentina, the first stablecoin pegged to the peso has been launched, called wARS — the token is already available on the Ethereum, Base, and World Chain networks.

🇷🇴 Romania has blacklisted Polymarket, calling it an unlicensed gaming platform operating outside of government oversight.

🐋 Warren Buffett's Berkshire Hathaway continues to build up cash, selling $6.1 billion worth of shares in Q3 — the company's cash reserves have reached a record $381.7 billion. Obviously, the market's oldest whale is expecting something — possibly a moment for large-scale purchases when panic starts in the market.

🇹🇷 Faruk Fatih Özer, the founder of the bankrupt Turkish crypto exchange Thodex, has been found dead in prison. Suicide is being considered as a possibility. In 2023, he was sentenced to 11,196 years in prison for fraud. The exchange collapsed in 2021, after which he fled to Albania but was extradited to Turkey in 2022. The damage from the exchange's collapse is estimated at $2.6 billion.

📺 A new episode has been released in the popular animated series South Park, dedicated to launching its own shitcoin.

📊 Bitcoin closed October "in the red" for the first time since 2018 — the last time this happened, a further 36% correction followed in November.

💰 Profit of Tether for the first three quarters of 2025 exceeded $10 billion, and investments in US Treasury bonds reached a record level.

⚒️ Miner Riot Platforms reported that the average cost of mining 1 BTC in the third quarter was $46,324, which is 31% higher than a year earlier. The company earned $180 million in revenue and $104 million in profit, holding 19,287 BTC (about $2.2 billion) and ranking 7th among public holders of the leading cryptocurrency.

⛔️ Tether, TRON and TRM Labs have blocked about 300,000,000 USDT related to illegal activities over the past year.

🇻🇪 In Venezuela, they are creating a platform that will combine banking services with blockchain technologies, including stablecoins — the development is being carried out by Conexus, which manages 40% of electronic payments in the country.

💸 The public sale of the MEGA token from the MegaETH project ended with a record — more than 50,000 participants and over $1.39 billion raised, making it one of the largest ICOs in the history of crypto projects. Some investors (amounting to about $127 million) agreed to lock their tokens for a year to receive more allocation. Bids below $0.0999 have already been rejected, the rest will be reviewed by November 5. Currently, MEGA is trading on the pre-market at about $0.42 — more than 4 times the minimum sale price. MegaETH is a startup building a layer two (L2) solution for the Ethereum network with instant transaction finality and speeds up to 100,000 TPS. In June 2024, the project was invested in by Vitalik Buterin and venture giant Dragonfly Capital.

🌎 Western Union has filed a trademark application for "WUUSD", which may indicate the company's plans to create a crypto wallet, launch services for cryptocurrency trading, and even issue its own token.

📉 Shares of Nakamoto Holdings — the company managing the Bitcoin treasury under the leadership of Bitcoin Magazine CEO David Bailey — have fallen more than 98% from the May peak following a wave of investor sell-offs related to PIPE (private investment in public equity) deals totaling $563,000,000.

😂 Sam Bankman-Fried claimed that the crypto exchange FTX was allegedly never insolvent — according to him, client assets totaling $8 billion, which were recorded at the time of the bankruptcy filing, never actually left the platform. All clients will receive compensation ranging from 119% to 143%, with about 98% of creditors already having received 120%. Even after covering all claims and legal expenses, the company still has $8 billion left. Analyst ZachXBT criticized these statements — he noted that payments to creditors were made based on cryptocurrency prices at the time of FTX's bankruptcy in November 2022, not current prices, which led to significant losses for holders of assets like SOL and BTC. According to him, the increase in the value of illiquid investments today is just a coincidence. ZachXBT added that Sam seems to have learned nothing during his time in prison and continues to spread the same misinformation.

🥇 Exactly 17 years ago, on October 31, 2008, a person or group of people under the pseudonym Satoshi Nakamoto published the Bitcoin White Paper.