ConsenSys-backed Intuition launches mainnet and $TRUST token, aiming to build a public trust layer for the internet

Long-term Bitcoin holders have sold 325,600 BTC, marking the sharpest monthly drawdown since July 2025. This significant selling trend could indicate a shift in market dynamics, raising concerns about future price stability and altering investor strategies. As these holders offload their assets, it may lead to increased volatility in the cryptocurrency market, prompting both investors and analysts to reassess their positions.

A Beijing court has sentenced five individuals for their involvement in $166 million worth of disguised foreign exchange transactions, highlighting China's ongoing efforts to regulate unauthorized digital currency transfers. This crackdown is significant as it demonstrates the government's commitment to controlling cross-border financial activities, which is crucial for maintaining economic stability and preventing illicit financial flows.

Bitwise's Solana ETF has made a remarkable entrance into the market with $69.5 million in inflows on its first day. This strong debut reflects a growing confidence among investors in blockchain technology and suggests that mainstream adoption may be on the horizon. As more people recognize the potential of cryptocurrencies, this could pave the way for further innovations and investments in the sector.

Tesla is exploring internal candidates for the CEO position as shareholders gear up to vote on Elon Musk's substantial $1 trillion compensation package. This development is significant as it highlights the company's succession planning amidst ongoing discussions about Musk's future role, which could impact Tesla's leadership and strategic direction.

Polymarket is gearing up for a significant return to the US market, focusing on sports betting by late November. After successfully navigating regulatory challenges and obtaining the necessary QCX licenses, this relaunch is exciting news for sports betting enthusiasts. It highlights the growing acceptance of innovative betting platforms in the US, potentially reshaping how fans engage with their favorite sports.

Monad has officially launched its airdrop reveal for eligible community members, marking an exciting moment for participants in this Layer 1 blockchain known for its EVM compatibility and high performance. This initiative not only rewards the community but also highlights Monad's commitment to engaging its users and enhancing the overall ecosystem.

OceanPal has successfully closed a $120 million PIPE investment for SovereignAI, a project that aims to create an AI-cloud infrastructure utilizing NVIDIA technology and powered by NEAR. This significant funding not only highlights the growing interest in AI and blockchain integration but also positions OceanPal as a key player in the tech landscape, potentially paving the way for innovative solutions in the industry.

SharpLink is making waves in the crypto world by allocating $200 million in ETH to innovative restaking programs. This strategic move not only enhances their treasury management but also supports new services like verifiable AI through Consensys' Layer 2 and EigenLayer. This is significant as it showcases SharpLink's commitment to leveraging advanced technologies for yield generation, potentially setting a trend for other companies in the industry.

Wintermute, a major player in the crypto market, has adopted a bullish outlook as it sees positive shifts in the economic landscape. In a recent update, the firm highlighted that easing inflation and improving relations between the US and China are boosting market confidence. This renewed risk appetite is reflected in Bitcoin's impressive rise to $115k, driven by ETF inflows and a decrease in market volatility. This news is significant as it suggests a potential recovery in the crypto market, attracting more investors and signaling a more favorable environment for trading.

Helius has made a significant breakthrough in how Solana manages its historical data, introducing a new archival backend and a streamlined RPC method that simplifies data retrieval. CEO Mert Mumtaz emphasized the importance of this change, stating it marks a transformative moment for Solana, potentially enhancing its efficiency and user experience. This development is crucial as it addresses long-standing data challenges, paving the way for improved performance and scalability in the blockchain space.

Fedi has made a significant leap in the Bitcoin space by introducing Multi-Sig Guardians for federated Bitcoin e-cash mints. This innovation not only enhances security but also promotes scalability, allowing more users to engage with Bitcoin in a safer manner. As the cryptocurrency landscape evolves, Fedi's advancements could play a crucial role in making Bitcoin more accessible and trustworthy for everyday transactions.

Bitcoin is currently trading at around $113K, showing signs of stability and potential growth, especially with the upcoming US Fed meeting. Bitcoin Hyper's recent $25.1 million fundraiser aims to tackle the cryptocurrency's fundamental issues, such as slow transactions and limited utility. This initiative is significant as it could enhance Bitcoin's functionality and appeal, potentially leading to broader adoption and a stronger market position.

Avalanche is making waves in the financial world as institutions tokenize hundreds of millions of dollars on its blockchain, signaling a shift towards integrating government and traditional finance into the digital realm. This development is significant because it showcases the growing acceptance of blockchain technology in mainstream finance, despite the Avalanche token currently being 86% below its peak value. The progress made in Q3 highlights the potential for future growth and innovation in the sector.

Long-term Bitcoin holders have sold 325,600 BTC, marking the sharpest monthly drawdown since July 2025. This significant selling trend could indicate a shift in market dynamics, raising concerns about future price stability and altering investor strategies. As these holders offload their assets, it may lead to increased volatility in the cryptocurrency market, prompting both investors and analysts to reassess their positions.