Crypto Market Trends - Solana DeFi ZEC volume is the highest in crypto [1] - Number of Solana privacy projects increased by 10x [1] - Almost all privacy coins in all ecosystems are up [1]

Core Insights - CMT Digital has successfully raised $136 million for its fourth venture fund despite a challenging fundraising environment for venture capital firms [2][3] - The overall venture capital industry is experiencing a downturn, with only $50 billion raised in the first half of the year, marking the worst performance since at least 2015 [4] - Crypto venture firms invested nearly $7 billion in startups in the first half of the year, which, while an increase, is significantly lower than the over $30 billion invested during the crypto boom years of 2021 and 2022 [5] Company Overview - CMT Digital is a venture capital firm focused on digital assets and is an offshoot of CMT Group, a quantitative trading firm established in 1997 [6] - The firm has invested in notable crypto companies such as Circle, Figure, and Consensys, with Circle and Figure recently completing successful IPOs [7] Investment Strategy - CMT Digital has already allocated about 25% of its $136 million fund, focusing on finance-oriented crypto companies [8] - The firm plans to continue investing in companies that aim to disrupt traditional financial institutions while maintaining a flexible investment approach [8]

Core Viewpoint - Coinbase's Chief Legal Officer Paul Grewal criticized traditional banking groups for opposing the crypto exchange's national trust bank charter application, suggesting that their actions prioritize protectionism over consumer protection [1][2]. Group 1: Opposition to Coinbase's Charter Application - The Independent Community Bankers of America (ICBA) urged federal regulators to deny Coinbase's charter application for its subsidiary, Coinbase National Trust Company, claiming it does not meet statutory chartering standards [2]. - The ICBA's opposition letter highlighted fundamental deficiencies in governance, profitability, sustainability, and receivership complexity, particularly during crypto bear markets [3]. - The ICBA also challenged the legal validity of OCC Interpretive Letter 1176, which allows national trust banks to engage in non-fiduciary activities beyond traditional trust services [3][4]. Group 2: Stablecoin Interest Payments Debate - The American Bankers Association and 52 state banking associations submitted a joint letter to the Treasury Department, advocating for strict enforcement of the GENIUS Act's prohibition on stablecoin interest payments [5]. - Banking associations expressed concerns that without a broad interpretation of the interest ban, digital asset platforms could exploit loopholes through high-yield rewards, undermining the law's intent to keep stablecoins as payment tools rather than investment vehicles [6].

Core Viewpoint - A U.S. bank lobbying group is opposing Coinbase's application for a trust charter, claiming it does not meet several regulatory requirements [1][2]. Group 1: Opposition from Banking Groups - The Independent Community Bankers of America (ICBA) has formally opposed Coinbase's trust charter application, stating it fails on multiple grounds that disqualify it under the Office of the Comptroller of the Currency (OCC) standards [2][3]. - This opposition follows a similar stance from the Bank Policy Institute (BPI), which also targeted Coinbase and other crypto firms like Ripple, Circle, and Paxos [2]. Group 2: Concerns Raised - The ICBA argues that Coinbase's trust bank would struggle to be profitable in a bear market and that the OCC would face challenges in dissolving the trust if it fails [3]. - The organization also claims that Coinbase's risk and control functions are "demonstrably flawed" and that the interpretive letter used for the application was not issued properly [3]. Group 3: Coinbase's Response and Intentions - Coinbase's chief legal officer criticized the banking groups for attempting to protect their interests by opposing the charter, suggesting that they prefer the crypto industry to remain unregulated [4]. - Coinbase applied for the trust charter to expand its services, such as payments and settlements, and to simplify regulatory approvals across multiple states, clarifying that it does not intend to become a full-service bank [5].

Core Insights - SUI, the native token of the Sui network, experienced a 9% decline to $2.10, underperforming the broader crypto market during a sector-wide selloff [1] - The token's 4.89% lag behind the crypto market indicates that the decline was specific to SUI rather than a general market weakness [1] Market Activity - The selloff exhibited characteristics of institutional liquidation, with prices dropping from $2.32 and trading volume increasing by 53% above the 7-day average [2] - The surge in trading activity suggests large-block repositioning rather than a retail-driven panic [2] Price Movements - A significant breakdown occurred at the $2.16 level, with SUI dropping through this point on a volume of 99.13 million tokens, which is 628% above its 24-hour average, indicating strong bearish pressure [3] - Following this breakdown, SUI experienced a V-shaped bounce from $2.04 as institutions appeared to buy the token at lower levels [3] Resistance and Recovery - The recovery lost momentum near the psychological resistance zone of $2.13, with declining volume suggesting that buyers lacked the conviction to push SUI higher in the short term [4] - The CoinDesk 5 Index (CD5) also saw a 3.35% drop to $1,860.70, including a flash crash to $1,826.66 before rebounding, indicating signs of institutional selling [4]

Core Viewpoint - Animoca Brands plans to go public on the Nasdaq through a reverse merger with fintech Currenc Group, aiming to create the world's first publicly-listed, diversified digital assets conglomerate [1][2]. Group 1: Merger Details - The merger is expected to close in 2026, with Animoca's co-founder stating that the company has investments across decentralized finance and NFTs [2]. - Under the merger arrangement, Currenc will acquire 100% of Animoca's shares, resulting in Animoca owning 95% of the new entity, while Currenc shareholders will hold a 5% stake [5]. Group 2: Company Background - Animoca Brands, established in 2014, has invested in notable projects such as The Open Network, Immutable, OpenSea, The Sandbox, and Decentraland [3]. - As of September 30, Animoca's portfolio includes 628 investments primarily focused on gaming and infrastructure, with additional interests in sports, art, fashion, and the metaverse [4]. Group 3: Financial Position - Animoca's digital asset treasury includes Bitcoin, Ethereum, Solana, and MOCA, which recently had a market capitalization of $208 million [5]. - The company's shares dropped 19% to $3.05 on the announcement day but had increased by 61% over the previous five trading days [1]. Group 4: Regulatory Considerations - The merger is subject to approval from Australian regulators, and Animoca was previously delisted from the Australian Securities Exchange in 2020 due to compliance issues [6].

Core Insights - AMINA Bank's Austrian subsidiary has received a Crypto-Asset Service Provider license under the Markets in Crypto-Assets framework, allowing it to offer crypto services to professional investors across the EU and EEA [1][2] - The license enables AMINA to provide services in up to 30 markets without needing separate authorizations in each jurisdiction [1][8] Company Overview - AMINA Bank operates as a Swiss-regulated financial institution under the Swiss Financial Market Supervisory Authority and holds additional licenses in Hong Kong and Abu Dhabi [4] - The Austrian subsidiary is a wholly-owned entity of the Swiss parent company [4] Services Offered - The FMA authorization includes custody services, crypto-for-fiat and crypto-for-crypto exchanges, portfolio management, and transfer services for crypto assets [3] - AMINA plans to introduce crypto staking at launch, although this service is not included in the official FMA authorization list [3] Market Context - The competition in the European institutional market is intensifying, with firms like Sygnum and traditional financial institutions such as Societe Generale and Bitpanda launching regulated crypto services [6] - Multiple firms have secured MiCA licenses in various EU member states, indicating a growing trend in the regulatory landscape [5] Regulatory Environment - The MiCA framework is under scrutiny for its regulatory complexity, with potential conflicts highlighted by Circle regarding dual-licensing requirements for stablecoins [7] - The passporting mechanism under MiCA allows firms authorized in one EU member state to operate throughout the bloc without needing separate licenses [8]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive specializes in medium and small-cap markets while also keeping the community updated on blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4] - Automation and software tools, including generative AI, are used, but all content is edited and authored by humans [5]

Group 1: Market Overview - The recent Fed rate cut in October and new trade deals between the US and China have created bullish signals for three Made in USA coins, despite the broader market being down nearly 7% week-on-week [1] - These three tokens are showing strong technical setups, with some indicating early breakout signs and others gaining momentum for potential upside in November 2025 [1] Group 2: DigiByte (DGB) Analysis - DigiByte, launched in 2014, has seen a 36.8% increase in the past 24 hours, indicating renewed momentum after a period of sideways movement with three-month gains of approximately +2.3% [2] - A "golden crossover" is anticipated on the 12-hour chart, where the 20-period Exponential Moving Average (EMA) approaches crossing above the 50-period EMA, suggesting potential sustained upward movement [3] - If the crossover occurs, DigiByte could target resistance levels between $0.0093 and $0.0097, representing an increase of roughly 11-15% from current levels, with a further target at $0.01054, a peak from July [4] Group 3: Support and Risk Levels for DigiByte - The first key support level for DigiByte is at $0.00733, with a further critical level at $0.00574, which could invalidate the bullish setup if breached [5] Group 4: Basic Attention Token (BAT) Analysis - Basic Attention Token (BAT), developed by Brendan Eich, is showing strong chart structures, with a 7% gain over the past week and a 22.6% increase over the last month, indicating a gradual recovery [7][8] - BAT is currently trading within a descending channel, a pattern that may reverse if the price breaks above its upper trendline [8]