Bitcoin, Ethereum, and Dogecoin were all in the green at the time of publication with the global cryptocurrency market cap rising 0.47% to $1.25 trillion. 

What Happened: The major cryptocurrencies carried over the positive momentum from a rally fueled by expectations surrounding Bitcoin Spot ETFs.

CryptocurrencyGains +/-Price (Recorded at 10:03 p.m. EDT)Bitcoin BTC/USD+1.95%$34,305.63Ethereum ETH/USD+1.77%$1,804.04Dogecoin DOGE/USD+0.00%$0.67

Meet and engage with transformative Digital Asset and Crypto business leaders and investors at Benzinga’s exclusive event – Future of Digital Assets. Tickets are flying-  get yours!

Analyst Takes: Bitcoin’s momentum on Tuesday was driven by the…

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Bitcoin’s (BTC) price will increase 74.1% in the first year after spot Bitcoin exchange-traded funds (ETFs) are launched in the United States, according to estimates from crypto investment firm Galaxy Digital.

In an Oct. 24 blog post, Galaxy Digital research associate Charles Yu estimated the total addressable market size for Bitcoin ETFs would be $14.4 trillion in the first year after launch. He obtained the 74% figure by assessing the potential price impact of fund inflows to Bitcoin ETF products using gold ETFs as a baseline.

According to Yu’s estimates, Bitcoin’s price would increase 6.2% in the first month after an ETF launch before steadily trending downward to a 3.7% monthly…

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The ticker for BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) IBTC has reappeared on the Depository Trust and Clearing Corporation’s (DTCC) website after disappearing for a few hours.

The price of Bitcoin surged to new yearly highs following the Oct. 23 surprise appearance of IBTC on the website with markets frenzied over the sign of a potential soon-to-come spot ETF approval.

When the ticker quietly disappeared from the site a few hours later, Bitcoin‘s price slumped nearly 3%, indicating that much of the trading activity seems to be hinged on watching ETF-related developments.

BlackRock’s iShares IBTC ETF is back on the DTCC’s site. Source: DTCC

Senior Bloomberg ETF…

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Cody Carbone, Vice President of Policy at the Chamber of Digital Commerce will be speaking at the upcoming Benzinga Future of Digital Assets, Mark Nov. 14 on your calendar for the must-attend gathering in the fintech industry!

In an era of relentless digital innovation, the United States stands at a crossroad. On one path lies the potential to harness blockchain technology and digital assets to catapult the U.S. economy into a future of unparalleled transparency, efficiency, and inclusivity. The alternate path, mired by hesitation, skepticism, and fear of the unknown, risks relinquishing our competitive edge on the global stage. The burgeoning blockchain ecosystem, despite its nascent…

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Mastercard Inc MA wants to team up with self-custody wallet firms such as MetaMask and Ledger, according to a Web3 strategy workshop presentation, reported CoinDesk. 

The company believes the payment card can assist wallet providers in increasing active users, building loyalty and generating additional revenue streams alongside spending their crypto balances. Mastercard and its issuance partners will also help wallet firms meet their resource demands while launching a card in a region.

Partner firms are likely to receive a set of franchise standards from Mastercard regarding consumer protection, price competition and transaction monitoring requirements.

Read Next: Mastercard’s…

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BlackRock’s proposed iShares Bitcoin ETF, with the ticker IBTC, is back on the Depository Trust and Clearing Corporation website after vanishing early Tuesday.

IBTC originally appeared on the DTCC website on Monday, sending bitcoin rallying. Late Monday, bitcoin briefly topped $35,000 before falling back around $33,000.

Eagle-eyed crypto investors, eager for nibbles of news around the spot bitcoin ETFs, first noticed the listing. Bloomberg analyst Eric Balchunas commented on X, saying that BlackRock’s listing was “notable” due to BlackRock not only being the first to list on DTCC, but also leading “the charge on these logistics (seeder, ticker, dtcc).”

Read more: Investors…

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Massachusetts Sen. Elizabeth Warren is at it again. With mainstream press outlets including Germany’s Deutsche Welle running sensationalist headlines — “How cryptocurrency fueled Hamas’ terrorist attack” — Warren is using Hamas’ attack on Israel to fuel her own war on cryptocurrency.

Crypto’s role in the conflict came into focus on Oct. 10, when Israeli police froze crypto accounts used for donations to Hamas. It was not the first time. In 2021, Israel’s Terror Financing of Israel (NBCTF) seized crypto wallets linked to a Hamas fundraising campaign.

While Binance worked “closely with international counter-terrorism authorities” on the seizures, Warren led a group of…

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In one of the shortest speaker nominations yet, Representative Tom Emmer (R-Minn) will not pursue Speaker of the House.

Emmer’s hat was tossed in the ring around noon Tuesday, with Punchbowl’s Jake Sherman posting on X that Emmer was stepping down roughly five hours later. 

During an internal vote on Tuesday, Emmer failed to snag the votes of 26 Republicans, leaving him well shy of the necessary 217 votes needed to become Speaker.

Emmer’s failed candidacy marks nearly a month of Republicans trying — and failing — to get a fresh Speaker after Kevin McCarthy was ousted from the role in a historic vote earlier this month. 

Read more: Crypto-friendly Emmer snags GOP Speaker…

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