Market Trends & Cryptocurrency Performance - Crypto majors rebound 1-2%, with BTC at $109,500 [1] - HYPE leads top movers with an increase of 11% [1] - Stablecoin transaction volume rose 83% year over year to more than $4 trillion [1] Institutional Adoption & Investment - a16z releases 'State of Crypto 2025' highlighting newest trends [1] - BlackRock to focus on BTC and ETH products amidst ETF explosion [1] - Bitcoin ETFs saw $101.4 million in net outflows on Wednesday, with ETH seeing $18.9 million in outflows [1] - T Rowe Price filed for an actively managed Crypto ETF [1] Fundraising & Valuations - Polymarket raising at $15 billion, Kalshi at $10 billion in latest rounds [1][2] - MegaETH introduces public ICO English auction, opens at $5 billion fdv on Hype [1] - Limitless's LMTS token is trading at $60 million mc ($300 million fdv) after its surprise TGE yesterday [2] - Modern Treasury bought stablecoin startup Beam in a ~$40 million all-stock deal [2] NFT Market - NFT leaders were red again on Wednesday; Punks down 6% at 38.5 ETH, Pudgy down 1% at 7.04 ETH, BAYC down 1% at 7.17 ETH [2]
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TylerD 🧙♂️·2025-10-23 12:13