TylerD 🧙♂️·2025-10-31 12:01Market Trends & Cryptocurrency Performance - Crypto majors experienced a decline of 2-3% following Powell's statement on potential rate cuts and post-FOMC dip [1] - Bitcoin decreased by 3% to $110,100, Ethereum decreased by 3% to $3,900, BNB increased by 1% to $1,120, and SOL decreased by 2% to $192 [1] - Approximately $870 million was liquidated from the crypto market after Bitcoin's dip to $106,000 [1] - Memecoin leaders are mostly down, including DOGE (-2%), Shiba (-1%), PEPE (-3%), PENGU (-8%), BONK (-2%), TRUMP (-1%), SPX (-7%), and FARTCOIN (-7%) [1] Corporate Earnings & Activities - Coinbase Q3 revenue beat expectations at approximately $19 billion, with transaction revenue exceeding $1 billion [1] - MicroStrategy Q3 reported approximately $28 billion in profit, holding over $68 billion in Bitcoin (640,808 BTC) [1] - Bitcoin ETFs saw net outflows of $4884 million on Thursday, while ETH saw outflows of $1842 million [1] - Western Union applied to trademark WUUSD for its stablecoin [1] - Yuga Labs sold out a limited edition Voyager's Boximus drop via Amazon [2] Regulatory & Legal Issues - US Senator Chris Murphy alleged Binance helped coordinate the Trump memecoin launch in exchange for CZ's pardon [1] - Drake & Adin Ross were sued in a class action lawsuit alleging misleading promotions for crypto casino Stake [1] NFT Market - NFT leaders experienced declines, with Punks down 3% at 38 ETH, Pudgy down 10% at 625 ETH, BAYC down 3% at 667 ETH, and Hypurr's down 9% at 1,000 HYPE [2] - A 3D CryptoPunk was sold for 4999 ETH [2]