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Danica_Meave_
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🇺🇸 Missouri passed HB 594 which, if signed into law, Missouri will be the first U.S. state to eliminate its capital gains tax on
Bitcoin
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#US
#USStates
#TaxCuts
#TaxFreeCrypto
#BTCMarket
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⚠️ Bitcoin’s brutal sell-off sparks caution across markets $Bitcoin had its second-worst day of 2025, plunging from $107K to $99K, one of the sharpest single-day drops this year. After briefly rebounding to around $102K, momentum has stalled, raising concerns that the move may be a dead cat bounce rather than a sustainable recovery.
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ETF Flow Update Outflows picked up pace this week — • #Bitcoin ETFs: ≈ $750M withdrawn • #Ethereum ETFs: ≈ $350M outflows For #BTC, yesterday marked the largest single-day outflow since August, highlighting how institutional caution is deepening amid market uncertainty.
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🚨 Franklin Templeton Pushes Ahead with XRP ETF Franklin Templeton has filed an updated S-1 for its proposed XRP ETF, featuring a shortened 8(a) clause, a move that often signals readiness for launch. According to Bloomberg’s James Seyffart, the firm is aiming to debut the ETF later this month, marking a major milestone for XRP and the broader crypto ETF landscape.
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DEX Futures Hit Record Volumes in October The total trading volume of open-ended DEX futures hit a new all-time high of $1.2 trillion in October, nearly double September’s figure. Leading the surge were Lighter, Aster, EdgeX, Pacifica, and ApeX, all posting record monthly volumes. Meanwhile, Hyperliquid remained a key player, though its market share sat about 16% below its peak from two months ago.
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🚨 Crypto thaw in Washington? Trump administration signals a friendlier era for digital assets, potentially unlocking a new phase for U.S. crypto growth. The White House has declared that President Trump has “officially ended the Biden administration’s war on crypto.” The statement also emphasized that CZ’s pardon is being handled “with the utmost seriousness.” This marks a major policy shift that could reshape U.S. crypto regulation and market sentiment.
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