Bitcoin BTC/USD traded lower, but the cryptocurrency prices traded above the $34,000 level on Wednesday.

Ethereum ETH/USD also moved lower, trading below the key $1,800 mark this morning.

Pepe (CRYPTO: (PEPE) was the top gainer over the prior 24 hours, while Mina MINA/USD turned out to be the biggest loser.

At the time of writing, the global crypto market cap fell to $1.26 trillion, recording a 24-hour decline of 0.9%. BTC was trading lower by 0.5% at $34,425 while ETH fell by around 2.8% to $1,791 on Wednesday.

Here are the top ten crypto gainers and losers over the past 24 hours:

Gainers

 

Pepe CRYPTO: (PEPE)
Price: $0.000001036
24-hour gain: 7.2%

Chainlink LINK/USD
Price: $11.14
24-hour…

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Bitfinex Securities, a platform focused on listing real-world tokenized securities has announced its first tokenized bond that will be listed later in November this year. The new tokenized bond called ALT2611 is a 36-month, 10% coupon bond, denominated in USDT and issued by Mikro Kapital, one of the global leaders in micro-financing. 

Bitfinex Securities said the tokenized bond ALT2611 will acquire risks associated with the debt and equity of microfinance organizations, small financial institutions, leasing companies and banks, in Italy, Romania, Moldova, and other developing nations along the Silk Road.

Bitfinex Chief Technology Officer Paolo Ardoino called the first tokenized bond on…

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DeFi credit marketplace Clearpool will launch on Optimism’s OP mainnet after it secured 150,000 OP tokens, worth about $202,000, from the Optimism Foundation.

Clearpool is designed to let institutional borrowers create single-borrower liquidity pools and compete for uncollateralized liquidity from a network of decentralized lenders. 

Lenders can use supported wallet infrastructure to lend to whitelisted institutions and earn rewards without having to lock up their cryptocurrencies.  

Clearpool is currently deployed on Ethereum, Polygon and Polygon zkEVM. It has a total value locked (TVL) of $3.1 million and a market capital of $7.52 million, according to information available on…

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The listing of BlackRock’s proposed bitcoin ETF on the Depository Trust and Clearing Corporation website appeared to fuel more optimism that approval of such funds is imminent.

But the inclusion of ETFs that have not yet gained regulatory approval is nothing out of the ordinary, according to DTCC, which processes trillions of dollars in securities transactions daily. 

Bloomberg Intelligence analysts, and others, pointed out in X posts Monday the iShares Bitcoin Trust (IBTC) — first proposed to the Securities and Exchange Commission in June — was on the DTCC list. This spurred speculation from some that the planned fund’s launch was imminent.

But it is “standard practice”…

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On Oct. 8, the United Kingdom’s Financial Conduct Authority (FCA) imposed new marketing rules compelling cryptocurrency firms to promote their products and services clearly, fairly and transparently.

From banning referral bonuses to crypto firms implementing a 24-hour cooling-off period for first-time crypto investors, the stricter Financial Promotions (FinProm) regime aims to help protect consumers from high risks associated with virtual assets.

The cooling-off rule, in particular, presents an opportunity for users to discern crypto investments and strengthens the credibility of crypto and its community, James Young, compliance head and money laundering reporting officer at on-ramp…

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With optimism around eventual spot bitcoin ETF approval ramping up, the exact impact such a product will have is hard to pinpoint. 

But the impact gold ETFs had on the products’ underlying asset could foreshadow the effect of yet-to-be-seen bitcoin fund launches, some industry executives say.

Bitcoin ETFs could see $14.4 billion of inflows in their first year of trading, according to a Tuesday report by Galaxy Digital research associate Charles Yu. The price of bitcoin could increase by 74% in the 12 months following approval, he added. 

Yu’s flow estimate comes from an assumption that BTC is adopted by 10% of total assets across three wealth management channels, with an average…

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Recent market moves have placed two major blue-chip digital assets trending back above their long-term moving averages, often cited by technical analysts as a pivot from bearish to bullish sentiment.

Bitcoin, whose price surge this week saw the asset rise more than 14% to top out at a yearly high above $35,000, first crossed over its 200-day moving average on Oct. 16. On the weekly view, BTC has also crossed that threshold over the same period.

The 200-day MA is a widely observed technical indicator used by traders and analysts to gauge the long-term trend of an asset. 

When the current price of an asset is above its 200-day MA, it’s generally considered to be in an upward trend,…

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