Bitcoin at Three-Month Highs & Crypto’s Largest Acquisition Deal To Date

ARB Article Audio BTC +9 more

Key Takeaways

  • Bitcoin (BTC) hit a three-month high of $69,400 and BTC dominance climbed to its highest level since March 2021 of 58.5%. This latest rally comes as several other traditional assets are posting all-time highs.
  • Payments giant Stripe reportedly acquired stablecoin company Bridge in a $1.1B deal. If true, the acquisition would be the largest in the crypto industry’s history and should fuel further stablecoin growth.
  • a16z crypto published its annual report on the state of crypto, highlighting stablecoin adoption, rising levels of onchain activity, and more.
  • Among the altcoin updates covered: Arbitrum lost its long-held lead as the top Ethereum L2 by total value locked (TVL) and World Liberty Financial’s WLFI token sale disappoints despite its affiliation with Donald Trump and his three sons.

Important upcoming macro dates:

  • Nov. 1: U.S. non-farm payrolls
  • Nov. 5: U.S. presidential election
  • Nov. 7: U.S. interest-rate decision and Fed Chair Powell’s press conference

00:00 Intro and Bitcoin Market Update
02:00 Stripe Acquisition of Bridge
03:48 DeFi and Federal Reserve
05:42 Crypto Policy Shift
07:51 Market Manipulation
11:33 Mt Gox Payment Delay
13:00 a16z State of Crypto Report
25:40 Ethereum L2s
30:21 Tesla Moving BTC