In this episode of CoinStreet, we dive into the latest developments in the cryptocurrency market, highlighting a record-breaking $5.95 billion inflow into crypto exchange-traded products last week. With Bitcoin leading the charge, recording an impressive $3.6 billion in inflows, we explore the bullish trends amidst ongoing concerns about a potential government shutdown and its implications for digital asset regulations.
We also discuss the European Union’s plans to enhance its regulatory framework for cryptocurrency exchanges, as Verena Ross, chair of the European Securities and Markets Authority, confirms a shift in supervision from national regulators to ESMA. This move could significantly impact the landscape of cryptocurrency operations in Europe, and we break down what it means for investors and the market at large.Additionally, we touch on Michael Saylor’s Strategy, which reported a remarkable $3.9 billion fair value gain on its Bitcoin holdings in Q3. Despite the impressive gains, Saylor announced that the company will not be making new Bitcoin purchases this week, opting instead to focus on their substantial returns. Tune in for all this and more in our latest CoinStreet headlines!