US markets posted significant losses with the S&P 500 down 1.7%, Dow down 797 points (-1.6%), and Nasdaq down 2.3% as technology stocks led the selloff amid growing uncertainty over Fed rate cuts, with the probability of a December quarter-point reduction falling to 51.6% from 62.9% the previous day and 95.5% a month ago, as Fed officials including St. Louis's Musalem, Minneapolis's Kashkari, and Cleveland's Hammack struck cautious tones on further easing with inflation above the 2% target, while Tesla dropped 6.3%, Nvidia fell 3.8%, and Disney plunged 7.7% on missed sales estimates. European markets closed 0.6% lower with the Stoxx 600 declining. The UK economy contracted by 0.1% in September, with third-quarter figures dragged down by a slide in manufacturing, according to official data. China's investment fell by the most since the pandemic, with weak housing prices and slowing industrial output pointing to flagging economic momentum. Eurozone industrial production grew at a slower-than-expected pace of 0.2% in September from August, driven by the rebound in energy output, but missing the forecasted growth of 0.7%.
US Spot ETF Flows
Asset
Daily Inflow
Daily Change
Weekly Inflow
Total Assets
Daily Volume
BTC ETFs
$-869.9M
+212.9%
$-622.7M
$130.5B
$6.5B
ETH ETFs
$-259.7M
+41.3%
$-550.7M
$20.3B
$2.5B
US BTC Spot ETF Flows
US ETH Spot ETF Flows
Crypto Liquidations Summary
Liquidation Type
Value
% of Total
24h Change
Total Liquidations
$978.44M
-
$+418.80M (+74.83%)
Shorts
$115.89M
11.8%
$-14.12M (-10.86%)
Longs
$862.55M
88.2%
$+432.92M (+100.77%)
BTC
$446.68M
45.7%
$+263.62M (+144.00%)
ETH
$260.06M
26.6%
$+99.64M (+62.12%)
21Shares launched two cryptocurrency index ETFs on Thursday—the FTSE Crypto 10 Index ETF (TTOP) and FTSE Crypto 10 ex-BTC Index ETF (TXBC)—regulated under the stricter Investment Company Act of 1940 rather than the Securities Act of 1933 used for most spot crypto products, marking a shift toward traditional fund oversight with enhanced disclosure and governance rules as the recently FalconX-acquired firm tracks FTSE Russell crypto indexes by market capitalization.
The Monetary Authority of Singapore has stated that only fully regulated and reserve-backed stablecoins will qualify as settlement assets as the country prepares to introduce legislation and expand its Central Bank Digital Currency trials.
An unknown whale accumulated over 385,000 ETH ($1.38 billion) over 10 days and borrowed $270 million in stablecoins from Aave to potentially expand positions according to Arkham Intelligence, while BitMine added 110,288 ETH to reach 3.5 million ETH ($12.5 billion) cementing its position as the largest corporate holder, as technical indicators show Ether forming a V-shaped recovery pattern with the price retesting the 100-day SMA at $3,450 and targeting the $4,172 neckline representing a potential 21% gain.
Moonpay has pushed deeper into stablecoin infrastructure, offering issuers a ready-made stack to launch fully backed digital dollars across multiple chains.
Acting FDIC Chair Travis Hill announced that the agency is working on a regime for stablecoin issuance and expects to issue a proposal for an application process by the end of the year, marking a significant step towards regulating the stablecoin market.
