After Oct. 10 Crypto Crash, Bitwise CIO’s Three-Question Test Finds No Lasting Damage

Ripple is set to expand its operations with a $4 billion investment aimed at integrating cryptocurrency with traditional financial systems, specifically targeting Wall Street. The company plans to offer a suite of services including custody, prime brokerage, treasury, and stablecoins, enabling institutions to function similarly to banks but utilizing crypto infrastructure. This expansion is significant as it represents a growing acceptance of cryptocurrency in mainstream finance, potentially reshaping how institutions engage with digital assets.

The yield gap between cryptocurrency and traditional finance (TradFi) is narrowing, driven by the rise of stablecoins, staking tokens, and real-world assets (RWAs). This trend has been significantly supported by the historic approval of the US GENIUS Act in July 2025, which has facilitated new avenues for yield generation in the crypto space. As these financial instruments gain traction, they are helping to bridge the gap that has traditionally existed between the two sectors, making crypto investments more appealing and potentially increasing their adoption.

BetPlays has launched a new online gaming platform that integrates cryptocurrency, offering over 4,000 casino games and fast payments. This initiative aims to redefine the online gaming experience for a global audience, enhancing security and trust in the rapidly growing gaming market.

Bitwise's proposed Chainlink ETF has made its debut on the DTCC website, marking a significant step towards its potential launch. This development comes as the price of LINK has slipped by 5%, highlighting the volatility in the cryptocurrency market. The ETF's introduction could provide investors with a new avenue to engage with Chainlink's technology and its associated market dynamics.

Bitwise's spot Chainlink ETF has been listed on the Depository Trust and Clearing Corporation's registry, indicating a potential launch in the near future. This development is significant as it reflects growing institutional interest in cryptocurrency investments, particularly in Chainlink, which is known for its decentralized oracle network. The appearance of the ETF on the DTCC site suggests that regulatory processes may be advancing, paving the way for broader acceptance and integration of cryptocurrency assets in traditional financial markets.

The Bitwise Chainlink ETF has been officially listed on the DTCC website under the ticker CLNK, marking a significant milestone in the cryptocurrency sector. This listing is indicative of increasing institutional interest in decentralized finance, suggesting a potential shift towards mainstream adoption of such financial technologies. The event highlights the evolving landscape of finance and the growing acceptance of cryptocurrency-based investment vehicles.

In October, the cryptocurrency market faced a downturn, with prices falling unexpectedly. As November approaches, speculation arises about whether ETH USD could reach $10,000, reflecting a potential recovery. This situation highlights the volatility of the crypto market and the ongoing search for profitable opportunities.