Crypto Prices Surge; BlackRock’s Ethereum ETF; Aus Crypto Convention Recap

Audio Beginner BTC CEX +7 more

Key Takeaways

  • The crypto market has continued rallying, with SOL (+40%) a notable outperformer.
  • It appears that this price growth is being driven by existing investors and increased leverage. While various popular retail metrics are starting to increase, the rate of change is nothing too notable.
  • BlackRock is seemingly preparing to apply for a spot Ethereum ETF in the U.S. If the SEC approves a spot bitcoin ETF, expect speculation over an Ethereum version to grow considerably.
  • Kraken and OKX are rumoured to be building their own layer-two networks. If true, the move would come months after Coinbase launched its own L2 chain (i.e. Base).
  • The team loved every second of Aus Crypto Con over the weekend! It was a pleasure to catch up with so many Collective Shift community members. View Recap

Important upcoming macro dates:

  • Nov 14: Consumer Price Index
  • Nov 21: Minutes of Fed’s Oct. 31-Nov. 1 FOMC meeting
  • Nov 22: Consumer Sentiment

Next FOMC meeting and rate probability as per CME FedWatch Tool:

  • In 28 days, there is a 97.6% confidence rate that interest rates will NOT change from 5.25–5.50%

Truflation snapshot:

  • Today’s U.S. Truflation: 2.94%
  • Latest annual CPI data: 3.2%

00:00 Crypto Update
02:10 Ethereum
05:30 Kraken
11:00 BASE
13:55 Funding
16:45 Crypto Conference
18:25 NAB
21:35 Experience at Conference
23:20 Underappreciated
25:45 Solana Wallets

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