Core Insights - Grayscale Bitcoin Trust (GBTC) has been a significant vehicle for institutional investors seeking indirect exposure to Bitcoin prior to the approval of Bitcoin ETFs in the U.S. [1] - Grayscale Investments has been a pioneer in linking traditional finance (TradFi) with cryptocurrency, allowing institutions to invest in crypto without managing private keys directly [3] - Grayscale is planning to go public with an IPO, having filed with the SEC to list on the NYSE under the ticker GRAY [5][6] Group 1: Grayscale's Investment Products - Grayscale offers a variety of investment products, including the Grayscale Bitcoin Cash Trust (BCHG) and the Grayscale Ethereum Classic Trust (ETCG), which manage over $191 million and $157 million in assets respectively [2] - The Grayscale Digital Large Cap Fund and the Grayscale DeFi Fund are examples of diversified and thematic funds offered by Grayscale [4] Group 2: IPO Structure and Control - The IPO is structured as an "Up-C" transaction, allowing Grayscale to convert from a private to a public company while DCG retains 70% of voting power through Class B shares [6] - Class B shares will not have economic power, meaning they will not earn dividends, which designates Grayscale as a "controlled company" under NYSE rules [6] Group 3: Underwriters - The lead underwriters for Grayscale's IPO include Morgan Stanley, BofA Securities, Jefferies, and Cantor [7]

Core Insights - Bitcoin experienced a significant decline, dropping below $90,000 and erasing its year-to-date gains, with El Salvador being the only country to continue purchasing Bitcoin during this downturn [1][2] - El Salvador has accumulated a total of 6,380.18 BTC, valued at approximately $630 million, and has been buying 1 BTC per day [2] - Despite the volatility, El Salvador's holdings reflect a floating profit of $317 million, returning to levels last seen in the spring [3] Market Dynamics - Bitcoin has fallen over 26% from its all-time high of $126,000, with a sell-off triggered by the liquidation of $19 billion in leveraged long positions [4] - Analysts from Bernstein suggest that the current pullback aligns with historical patterns following Bitcoin's halving, but they do not foresee a severe drawdown of 60-70% [5] - The market environment does not appear to be at a cycle peak, according to analyst Gautam Chhugani [5] Institutional Factors - There is a growing trend of ETF ownership among traditional investors and continued corporate treasury adoption, notably by Strategy (formerly MicroStrategy) [8] - Support from the Trump administration for Bitcoin and the Clarity Act may also influence market dynamics [8] Future Outlook - Analysts from 10X Research indicate that demand has stalled, and the Federal Reserve's hawkish stance has created fragile conditions, yet they believe the four-year cycle should not be overlooked [9] - The potential for a bull run in Q4 2026 is being discussed, although current panic selling persists [9]

the internet's private swiss vaultcomposable with the internet's capital marketthe zec x solana barbellmakes me optimistic for the futurethis crypto thing is going to work ...

trump did tell you that he would remove capital gains tax on crypto ...

#Bybit #CryptoArk ...

#Bybit #CryptoArk #BybitCard ...

Core Insights - Futu Holdings Limited reported strong growth in its third quarter of 2025, with significant increases in client accounts, trading volume, and financial metrics, driven by robust market conditions and strategic initiatives [1][3][4]. Operational Highlights - The company added 254,000 net new funded accounts, representing a 24.7% increase quarter-over-quarter, bringing total funded accounts to 3.1 million, a 42.6% increase year-over-year [3][4]. - Client acquisition improved across all markets, with Hong Kong leading in new client additions due to strong equity market performance and a robust IPO pipeline [3][4]. - The company enhanced product localization in Malaysia, contributing to its growth, and saw significant increases in U.S. business, with new funded accounts growing in double digits [3][4]. Financial Highlights - Total client assets reached HK$1.24 trillion, up 78.9% year-over-year and 27.4% quarter-over-quarter, driven by mark-to-market gains and net asset inflows [3][4]. - Total trading volume hit a record HK$3.90 trillion, an increase of 104.8% year-over-year, with U.S. stock turnover at HK$2.60 trillion and Hong Kong stock trading volume at HK$1.19 trillion, up 42.9% sequentially [4][6]. - Total revenues increased by 86.3% year-over-year to HK$6,402.9 million (US$822.9 million), with gross profit rising 99.5% to HK$5,609.2 million (US$720.9 million) [5][11]. Income Metrics - Net income surged 143.9% year-over-year to HK$3,217.2 million (US$413.5 million), with a net income margin of 50.2%, up from 38.4% in the previous year [16][18]. - Non-GAAP adjusted net income increased by 136.9% year-over-year to HK$3,312.5 million (US$425.7 million) [17][18]. Share Repurchase Program - The board of directors authorized a new share repurchase program allowing the company to repurchase up to US$800 million worth of its American Depositary Shares (ADSs) over a 24-month period [19][20].

GOOOOD MORNING CRYPTO!!! ☀️☀️☕☕BITCOIN IS AT $89,000!!! SO MANY PEOPLE FULLY REKTSee the video below - I warned you literally on the day of the topWho else warned you on the 8th of October?Most people told you to "BuY ThE DIP!!"Im going live now to speak about Bitcoins next move: https://t.co/PWoO1TdyLz ...

🔥 11.18 Daily Top 5 Gainers on #AscendEX 🔥🏅 $DUSK +22.97%🥈 $ICP +19.41%🥉 $KAITO +15.43%🎖 $WEN +14.83%🎖 $AVAXAI +11.44%🚀 Time to ride the wave?👇 Trade now and catch the next big move!🔗 https://t.co/c6hC9OD49a👀 Want more insider updates?👇 Join the community!🔗 https://t.co/17FuV2jtg1🚀 AscendEX: Ascend in Trading, Lead in Memes.#AscendEX #Crypto #Memecoin #TopGainers #TradeNow ...

What's Your Crypto Mood Today? https://t.co/tTXbXkvrDK ...