Cryptocurrency markets demonstrated modest gains as Bitcoin edged up 0.5% to $102,800, trading just below its critical 200-week moving average. Ethereum followed suit with a 1% increase to $3,380, while BNB and SOL maintained stability at $950 and $157 respectively. Notable performers included Internet Computer (ICP) surging 28%, alongside Zcash (ZEC) and Dash (DASH) climbing 15% and 12% respectively.
Institutional developments highlighted the sector’s maturation, with Ripple securing $500 million in funding at a $40 billion valuation from prominent investors Fortress, Citadel, and Brevan Howard. WisdomTree, managing $130 billion in assets, integrated Chainlink’s technology to bring net asset value data on-chain, enhancing functionality for its CRDT tokenized fund on the Ethereum blockchain.
Robinhood exceeded third-quarter expectations, reporting significant growth in cryptocurrency-related revenue. Separately, YouTube clarified its gambling policies, emphasizing they target traditional casino content rather than cryptocurrency platforms broadly. In regulatory compliance developments, Circle updated its service terms to permit firearms transactions using USDC stablecoin, reflecting evolving payment applications in the digital asset space.
