News & Research

The probability of Bitcoin remaining below $100,000 this month has risen to 52% on the prediction market Polymarket, according to Watcher.Guru.

Kraken will allow users in Europe to post cryptocurrency as collateral for derivatives trading, The Block reported. The crypto collateral will be settled in U.S. dollars.

A Bitcoin OG, a very long-term holder, deposited 20 million USDC to Hyperliquid and opened long positions on BTC and ETH with three times leverage, according to Onchainlens.

An analysis of Binance's October data suggests the cryptocurrency market is poised for a strong rally, according to CryptoOnChain, a contributor to CryptoQuant. The analysis noted a net inflow of approximately $7 billion in stablecoins to the exchange during the month, comprising over $5 billion in USDT and around $2 billion in USDC. In contrast, Binance saw net outflows of roughly $1.5 billion in BTC and $500 million in ETH. CryptoOnChain described this pattern as a classic long-term bullish signal, indicating that investors are moving assets to private wallets for long-term holding. This activity significantly reduces selling pressure on the market.

Bitmine (BMNR), a Nasdaq-listed company focused on Ethereum investments, announced it bought an additional 82,353 ETH for $305.9 million last week. This brings the company's total holdings to 3.395 million ETH.

Ripple has announced the launch of a spot digital asset prime brokerage service in the United States. The service will support over-the-counter (OTC) trading for dozens of digital assets, including XRP and RLUSD, for its U.S. institutional clients. The move follows the earlier launch of a crypto OTC swap service for U.S. institutional investors by Ripple Prime, the prime broker formerly known as Hidden Road that Ripple previously acquired.

The Bitcoin network's average hashrate reached an all-time high of 1,082 EH/s in October, a 5% increase from the previous month, according to a JPMorgan report cited by CoinDesk. The report noted that daily block rewards for miners averaged $48,000 per EH/s, a 3% decrease from the prior month. Meanwhile, the combined market capitalization of 14 publicly listed U.S. mining firms surged 25% in one month to approximately $70 billion. JPMorgan attributed this growth to market expectations surrounding the companies' pivot to artificial intelligence (AI).

The Bugscoin (BGSC) Foundation announced on Nov. 3 that it has burned the entire unlocked portion of tokens allocated for team rewards. According to CoinMarketCap, the Bugscoin team has a total of 5 billion BGSC locked in a vesting contract for sequential distribution through 2031. The 1 billion tokens unlocked to date have now been completely removed from circulation. An additional 500 million BGSC, which were purchased from the market in September with operating profits for 5.8 billion won ($4.2 million), were also burned. In total, the 1.5 billion BGSC burned represents approximately 12% of the token's circulating supply. Bugscoin founder In-beom said the move was a strategic decision aimed at strengthening the project's long-term growth and trust.

Strategy (MSTR) announced it purchased an additional 397 BTC last week for $45.6 million, at an average price of $114,771 per coin. The company now holds a total of 641,205 BTC, acquired at an average price of $74,057.

OKX has announced the delisting of the AI16Z/USDT perpetual futures contract, scheduled for 8:00 a.m. UTC on Nov. 6.