Mughal One

Anticipation of Altcoin ETF Approval
Many anticipate that the approval of altcoin ETFs could ignite an altcoin bull run before the year concludes. This theory holds weight among investors, especially since current cryptocurrency options aren’t as accessible to institutional investors wishing for safe investment avenues. Currently, they are compelled to rely on centralized or decentralized exchanges.
Altcoin ETFs could remove this obstacle, allowing significant capital to flow into assets like XRP and SOL Coin, which are already seeing millions of dollars in investments. With the SEC’s decision pending in November, approvals are expected soon, particularly for LTC, XRP, and SOL. Hester’s latest statement mentioned that the ETF process is stalled by a government shutdown but provided no specific timeline.
The Impact of BlackRock’s Portfolio Choices
BlackRock has declared that except for ETH, it plans no new altcoin ETF applications due to insufficient demand. Is this a significant issue? Indeed, research head Vetle Lunde at K33 views this as potentially disappointing, considering the BTC ETF’s stellar performance.

“Without BlackRock, is the party over?BTC ETFs have increased by $26.9 billion this year, but $28.1 billion is from BlackRock’s IBIT. Excluding IBIT, the flow is negative.BlackRock is absent from the upcoming wave of altcoin ETFs. There’s a chance for competitors to seize robust flows, though this could restrict overall influx.”
BlackRock’s iShares Bitcoin Trust ETF amassed $28.1 billion in 2025. A firm managing over $10 trillion can attract more capital effortlessly. However, altcoin ETFs lack this backing, possibly leading to limited long-term demand. This disparity suggests the envisioned altcoin bull market might turn into disappointment.
BlackRock, managing $13.5 trillion in assets, is a known creditor to governments, unrivaled in size.
Except for anomalies like SOL and XRP, other assets may see meager volumes and capital influx.
#BTC # ETH #BNB
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2025, followed by a press conference at 02:30. Markets are closely watching the subsequent policy direction.The 15th Blockchain Life International Web3 & Cryptocurrency Forum concludes today, October 29, 2025, in Dubai, UAE, bringing together global leaders and investors in the blockchain industry.Visa announced support for four stablecoins across four blockchains, enabling exchange with over 25 fiat currencies and fostering a multi-chain integrated payments network.
Macro & Hot Topics
The Fed will announce a new rate decision on October 29. Markets widely anticipate a 25bps rate cut to 4%. The potential end of quantitative tightening (QT) could impact risk appetite across crypto markets.Mike Selig, Chief Legal Advisor of the US SEC Cryptocurrency Working Group, has been nominated by the White House as Chairman of the CFTC. If appointed, this could reshape US crypto regulatory powers.Western Union has announced plans to issue a stablecoin on the Solana blockchain in 2026 in partnership with Anchorage, along with a digital asset wallet service provider network.CZ (Changpeng Zhao) is considering suing US Senator Elizabeth Warren for defamation. Warren accused him of being “convicted for money laundering”, while CZ was found in violation of the Bank Secrecy Act but not convicted of money laundering. CZ’s lawyers state they will proceed with legal action if no retraction is made.
Market Updates
BTC and ETH are showing short-term consolidation amid cautious market sentiment. In the past 24 hours, total liquidations were about $523 million, with $367 million from longs and $156 million from shorts.All three major US stock indices closed higher: Dow Jones up 0.34%, Nasdaq up 0.80%, and S&P 500 up 0.23%.

3.The Bitget BTC/USDT liquidation map shows the current BTC price at 112,518 USDT. Heavy leveraged long positions are concentrated above 113,000. A breakout may accelerate upward momentum, while failure could increase short-term risks.

4.In the last 24 hours, BTC spot inflows totalled $264 million, outflows $251 million, making for a net inflow of $13 million.

5.Over the past 24 hours, major contract tokens including BTC, ETH, USDT, XRP, and BNB saw net outflows, suggesting potential trading opportunities.

News Updates
With the Fed’s interest rate decision approaching, institutions and treasuries continue to add BTC and ETH. Single-day ETF net inflows reached 1,251.93 BTC and 41,200 ETH, reflecting strong institutional demand.Leading DeFi protocols have announced integration of multi-chain liquidity aggregation, supporting Ethereum, Arbitrum, Optimism, and others, to enable efficient cross-chain asset management and liquidity.According to a CoinDesk Research report, 65% of institutional investors have started or are exploring investment in on-chain real world assets (RWAs), with the market expected to reach $5 trillion by 2030.#BNB #BTC Thankingyou!

According to data from crypto.news, Hedera hbar-7.08%Hedera has dropped 34% from its July high and nearly 50% from its year-to-date high. This came as the total value locked in its DeFi protocols dropped from $405 million, seen in January, to $184 million as observed on Monday, Oct. 27.
While HBAR jumped nearly 18% to hit an intraday high of $0.22 on Tuesday following the news that the first spot HBAR ETF is set to begin trading today (Oct. 29), a move that could open the door to institutional inflows and long-term growth, the token has since given up some of those gains, slipping back to around $0.19 at press time.
A closer look at the daily chart now shows that HBAR price is very close to confirming a highly bearish signal, notably, a death cross, which forms when the 50-day SMA crosses below the 200-day SMA. 

Such crosses have historically been associated with confirming an ongoing downtrend and often point to further losses ahead. For instance, when a similar death cross appeared on the HBAR chart in June 2024, the token went on to drop nearly 45% by November of that year.
While the pattern is typically viewed as a bearish continuation signal, it’s important to note that it is also a lagging indicator, meaning the worst may already be priced in. A closer look at other indicators is necessary to confirm whether this is the beginning of a deeper downtrend or simply a delayed technical reaction to past weakness.
#HBAR $HBAR
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