Daily Dose of Doc 👨⚕️
Over the past day, the cryptocurrency market enjoyed a gentle bounce after some recent jitters—Bitcoin settled comfortably around $91,000–$92,000 with a modest gain, while Ethereum perked up a couple of percent to just over $3,100. The overall market cap crept past $3.14 trillion, and even though trading volume cooled off a bit, the mood stayed cautiously optimistic despite the Fear & Greed Index flashing “extreme fear.”
Institutional activity brought a mix of drama and cheer: BlackRock’s Bitcoin ETF saw its biggest single-day outflow ever, yet Solana ETFs kept attracting fresh money for a sweet sixteen-day streak. Fidelity rolled out a new SOL ETF, Harvard quietly added to its Bitcoin holdings, and Cathie Wood’s Ark funds went shopping for Coinbase and Circle shares.
On the regulatory front, things felt refreshingly constructive—U.S. lawmakers are pushing for a crypto bill vote before year-end, banks got the green light to custody certain tokens for gas fees, and even the Basel Committee hinted it might soften those famously harsh capital rules for stablecoins.
Kraken celebrated a hefty $800 million raise that values it at $20 billion and started prepping for a U.S. IPO, while Tether sprinkled some investment love on Bitcoin lender Ledn. New projects kept blooming too: Filecoin launched a massive on-chain cloud, Circle introduced customizable stablecoin tooling, Ethereum revealed plans for an “Interop Layer” to tie its layer-2s together more smoothly, and MegaETH opened its mainnet beta to the public.
A few quirky moments rounded out the day—Mt. Gox shuffled nearly a billion dollars of Bitcoin into a new wallet (old habits die hard), Nvidia’s blowout earnings gave miners a happy lift, and privacy coins enjoyed a surprise rotation into the spotlight. All in all, a pleasantly busy 24 hours with more green shoots than gloom.
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