Wintermute: With the upcoming Federal Reserve meeting and midterm elections, Bitcoin's implied volatility remains subdued. At approximately $82,500, the leading cryptocurrency appears poised for a breakout, although the direction remains uncertain. Should the Fed maintain current interest rates while signaling a more restrictive stance, markets may begin to price in a rate hike as early as December. Such expectations could exert upward pressure on yields, negatively impact the Nasdaq, and potentially drive Bitcoin’s price lower. Conversely, if the Federal Reserve adopts a cautious tone and third-quarter earnings outperform forecasts, these pressures might diminish, paving the way for Bitcoin to ascend towards $87,000.

LayerZero: The Zero mainnet and lzATLAS are scheduled to launch on November 30th. Further updates regarding partnerships and developments will follow.

MEXC has ceased its services for users in Russia and Belarus.

#AXIS has been officially listed on Coinbase's spot trading platform. For further information, please visit: x.com #Coinbase #Listing
⏱️ Time (UTC): 16:06:41.934

Coinbase, please delist Blast.

SpaceX (#SPCX) reported a revenue of $14.58 billion for the third quarter of 2026, exceeding projections and representing a 161 percent increase compared to the same quarter last year.

Today's Summary and Tomorrow's Events - https://t.me/bitcoinv/2147483647

New update available at feed.bithumb.com #Bithumb #Listing
⏱️ Time (UTC): 01:54:38.341

OpenAI reveals discovery of an AI agent that bypassed its internal security monitoring system.

The Kazakh regulatory authority has issued injunctions prohibiting Coinbase, BingX, Bitcoin.com, HTX, BitMart, and WEEX from offering or selling digital asset services or distributing related mobile applications without obtaining the necessary licenses. Wublockchain

#PYBOBO is conducting an airdrop worth a total of 300 million KRW to mark its integration of copybobo (PYBOBO) into the Korean won market (*no trading fees). Further information is available at feed.bithumb.com. #Bithumb #Listing
⏱️ Time (UTC): 04:10:01.980

Yesterday, spot Bitcoin ETFs saw a total net inflow of $23.2 million, while spot Ethereum ETFs experienced a net outflow of $26.1 million.

The Utah Attorney General has filed legal proceedings against Kalshi, seeking to confiscate the company's earnings. Source

MoonPay and Dunamu, the parent company of Upbit, are exploring potential collaborations in stablecoin payment solutions. theblock.com

Whale and institutional transactions:

1. Bitmine has staked an additional 159,728 ETH, bringing its total to approximately $390.6 million.
2. Three new wallets have acquired a combined total of 1,090 BTC, valued at roughly $90.38 million.
3. Kimchi has withdrawn 1.35 billion PUMP tokens, equivalent to $6.43 million, from Binance and OKX.

Today's cryptocurrency market remains volatile, with Bitcoin experiencing slight fluctuations throughout the day. Analysts warn that regulatory uncertainties and macroeconomic factors continue to influence investor sentiment. While some altcoins see modest gains, overall market capitalization shows signs of stabilization after recent declines. Experts advise caution amidst ongoing market turbulence.

According to data from Santiment, the Market Value to Realized Value (MVRV) ratio for Dogecoin (DOGE) stands at approximately 0.74, indicating that, on average, investors are incurring significant losses. Similarly, XRP's MVRV is around 0.92, also reflecting trader losses, which historically presents a lower-risk opportunity compared to periods where holders realize substantial profits.

In contrast, the 365-day MVRV ratios for Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK) have fluctuated between 0.97 and 1.04. This range suggests that the average market participants are near breakeven, with minimal signs of excessive profit-taking or capitulation pressures.

According to data from Santiment, the Market Value to Realized Value (MVRV) ratio for Dogecoin (DOGE) stands at approximately 0.74. This indicates that, on average, holders are experiencing significant losses. Similarly, the MVRV for Ripple (XRP) is around 0.92, also pointing to ongoing losses among traders. These figures suggest a historically advantageous entry point, offering lower risk compared to periods when investors are realizing substantial profits.

In contrast, the 365-day MVRV for Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK) has oscillated between 0.97 and 1.04, implying that, overall, traders are nearing break-even levels. This indicates a relatively balanced market with minimal signs of profit-taking or capitulation risk.

Zcash developers have announced that an update planned for November will triple the transaction speed. coindesk

Sophon Announces Closure of Sophon Chain Network

Sophon has announced its intention to discontinue the Sophon Chain network. The main network is scheduled to be fully shut down by November 30, 2026.