Wow! What a week in crypto! Time for the weekly crypto news roundup💥

Well, we are in that rare time when people actually want to talk crypto. Funnily enough, even though prices are up ~30% for the week, Google search interest in $BTC is still a little meh. For those of you who’ve stuck with it through the hard times, congratulations. Now let’s keep our heads, have a plan, and as Raoul Pal says, ‘Don’t F*%K this up’.

By any measure, things are a little exciting this week, prices are up, volumes are up. ETF inflows are way up, new users are up. All the good things. So are support tickets and onboarding queues. All the bad things. Crypto baby.😆

As you will know, $BTC continues to post some new ATHs. We are officially in price discovery. There is a halo effect into other assets, but we don’t believe they have hit ATH yet. There are some indicators that suggest things could stay this way for a bit. Not financial advice.

In wider crypto news, BlackRock’s $BTC ETF is now bigger than its Gold ETF, Paxos is launching a new yield bearing stablecoin, Microstrategy’s $BTC play continues to pay dividends and randomly, the FTX estate is suing Binance.

To the deets 👉

🔘 BlackRock’s Bitcoin ETF saw $1.1B in trading volume in the first 20 mins of trading once it was clear Trump had won. Fun fact, the BlackRock iShares Bitcoin ETF is now bigger than the iShares Gold ETF.

🔘 Empire is reporting that Bitcoin is now on the same trajectory as the 2021 bull run.

🔘 The Bitcoin Futures premium is way up, indicating large bullish positions. Let's go.

🔘 Inevitably, in all this excitement, people are starting to wonder when the Altcoins will start to moon. Keep calm people. What we know is that Altcoin volume is up per Kaiko.

🔘 Paxos, in partnership with Robinhood, Kraken, Galaxy Digital, Bullish and other crypto heavies are launching a new US stablecoin, USDG.

🔘 Dydx, a layer 2 decentralised derivatives exchange, has shut down one of its platforms. This has left some $70M of trading assets needing to be withdrawn.

🔘 Microstrategy’s Bitcoin portfolio is now worth over $20B and the return on investment is over 100%. Their average buy price is $39k US…in case you were wondering. They also announced they have bought a few billion more BTC.

🔘 ETF inflows are back, way back. $ETH ETFs had their highest inflow day ever at nearly $300M, and $BTC blew through the billion barrier at $1.1B

🔘 The FTX estate is suing Binance for $1.7B relating to the share buy back FTX undertook prior to its collapse. Apparently they were insolvent at the time so that means it was a fraudulent transaction.

🔘 For some perspective. Google search trends for $BTC haven’t spiked yet. TLDR; the Fomo hasn’t started.

🔘 Finally, Polymarket, which accurately predicted the US election, has Bitcoin at a 44% chance of breaking 100k in November.

Til next week ✌️