RT Dave Ripley (@DavidLRipley)@CynthiaMLummis, a true legend in crypto policyThank you for your leadership on behalf of the crypto industry. It has been a privilege to work with you and learn from your approach to digital asset policy, one that values technical understanding, innovation, and people over headlines.Your willingness to engage directly with builders and operators helped set a standard for how policy and innovation can move forward.I look forward to continuing to work with you to get market stru ...

RT Stepan | squads.xyz (@SimkinStepan)BP25 takeaways:1. Massive credit to @platis_e and @akshaybd, truly exceptional work2. The real momentum is where it should be: market structure, DeFi and core protocol development3. No flashy metas or narrative games, just thoughtful iteration, optimization and focus on the north star4. Coinbase is taking Solana far more seriously than most people realize5. Watching trading push protocol limits reinforced a belief I’ve had for a while: payments chains alone won’t work, ...

🎥 WATCH: President of the Solana Policy Institute Kristin Smith (@KMSmithDC) says market structure could take its time."Bills don't happen in an one or two-year cycle." https://t.co/dDep7d3FtM ...

Hello and welcome to the first episode of Odd Lots. I'm Joe Weisenthal, co-host of What'd You Miss. and editor at Bloomberg Markets, Noam Tracy Alloway, executive editor of Bloomberg Markets here at Odd Lots.We want to have a discussion every week about economics, finance, markets, market structure, which Tracy loves, maybe some politics and culture thrown in stuff that doesn't necessarily fit into the normal day to day conversation. And we couldn't think of any guest better to have than Tom Keene Am I kidd ...

A group of former foreign-exchange professionals is trying to import Wall Street’s market structure into the freewheeling world of crypto https://t.co/Ie4X3tMvkw ...

Core Insights - The current state of bitcoin and Ethereum is analyzed, with a focus on market predictions and infrastructure developments [1] - The CEO of VanEck shares a target price for Bitcoin (BTC) by the end of 2025, indicating a bullish outlook [1] - The GENIUS Act is discussed for its potential transformational impact on the market structure, which may influence investor sentiment [1] Market Analysis - Bitcoin and Ethereum are highlighted as key assets in the current market landscape, with ongoing developments in prediction markets and infrastructure [1] - The discussion includes insights on how the evolving market structure could affect investment strategies and opportunities [1] Future Projections - A specific price target for Bitcoin by the end of 2025 is provided, suggesting a strategic investment outlook [1] - The implications of the GENIUS Act on market dynamics are explored, indicating potential shifts in investor behavior and market participation [1]

🚨 LATEST: Crypto Czar David Sacks will meet tomorrow with GOP members of the Senate Banking Committee to push for advancing market structure this year, per Eleanor Terrett. https://t.co/18Q5WErDm4 ...

Market Structure & Volatility - Market structure analysis provides accurate insights into market movements [2] - The probability of volatility returning in late Q3 or early Q4 was observed [3] - Market movements are often mathematical and predictable, not solely driven by news [5] - The "123 rule" suggests a relationship between SPY movement (1%), underlying stock basket movement (2%), and momentum (3%) [6] - Narrowing spreads in SPY (50-60 basis points) can signal potential market trouble [6] Institutional Investor Behavior - Growth funds may hold significant cash positions due to redemptions [7] - BlackRock gathered $26 billion in assets in a quarter, deploying most into large caps [7] - Market makers like Citadel, Susahana, and Jane Street price large caps, with economics breaking down when spreads narrow too much, leading to volatility [8] Options Market Impact - The volatility of volatility in SPY reached the sixth largest in modern data sets on October 10th [11] - A long period of neither hot nor cold market conditions occurred since 2018 [11] - High volatility and a long period without a reset increase the probability of market trouble, especially around options expirations [12] - Zero days to expiration options have a $12 trillion notional value daily, exceeding the daily stock market value of $800-900 billion [13] - New options series reset on Mondays, making them potentially important [13] - VIX expirations occur on Mondays and Wednesdays, with market stability uncertain until Thursday or Friday [14]

RT Dave Ripley (@DavidLRipley)Major step in Kraken’s market structure journey. Acquiring a CFTC-regulated venue adds yet another piece to our global architecture. More financial market access on the way for the US.https://t.co/kVqBGsPc2P ...

Market Trends & Cryptocurrency Performance - Bitcoin reclaimed the $122,000 level after a pullback [1] - Ether slipped below $4,500 [1] - XRP dipped to $287 [2] - The S&P 500 and Nasdaq moved higher, driven by the AI trade [2] Regulatory Landscape & Legislative Efforts - Lawmakers aimed to get crypto market regulation to President Trump's desk by the end of 2025 [3] - A government shutdown could potentially put the goal of passing crypto regulation by the end of the year at risk [4][5] - There is an opportunity to get clarity across the line by the end of the year, despite the government shutdown [6] - The House bill is recommended as the base text for Senate legislation to expedite the process [8][10] - The Genius Act prohibits issuers from offering interest on accounts [18][20] SEC & Regulatory Oversight - The SEC is expected to take the first round of oversight and regulation of digital asset treasury companies (DATs) [25] - Congress is the backstop to the SEC and may add additional legislation if needed [26][27] - The SEC should enforce the law and hold bad actors accountable, rather than stifle innovation [27][28]