#CRYPTO MINUTES - 31.10.2025 $BTC ETF Flows - Net Inflow : -$488.4M ⚡️ 7-day Avg : -$85.4M $ETH ETF Flows - 📊 Net Inflow : -$184.2M ⚡️ 7-day Avg : -$17.9M TOP GAINERS: $ZEC, $WBT, $M, $CRO, $BTC TOP LOSERS: $PUMP, $MNT, $ENA, $ASTER, $IP Bitcoin Stabilizes After Recent Crash: Bitcoin is holding steady around the $108,000 level, at macro support after the $1 billion liquidation event yesteday. [Neutral] Coinbase Q3 Revenue Surges: Major exchange Coinbase reported a 37% surge in third-quarter revenue, strongly beating analyst expectations. The growth was largely attributed to a significant increase in Ethereum trading volume on the platform. [Positive] Ethereum Devs Target "Fusaka" Upgrade: Ethereum core developers have officially set a target date of December 3rd for the network's next major upgrade, codenamed "Fusaka," which aims to improve scalability and staking functions. [Positive] Australian Regulator Clarifies Crypto Rules: Australia's financial regulator, ASIC, released new guidance confirming that stablecoins and wrapped tokens are considered financial products, giving firms until mid-2026 to obtain the necessary licenses. [Neutral] Bitcoin Miner Riot Posts Strong Q3: Publicly traded Bitcoin miner Riot Platforms announced a $104.5 million net income for Q3 2025, reversing its losses from the previous quarter and signaling a strong recovery in the mining sector. [Positive] EU Tightens Sanctions via Crypto: The European Union has adopted new measures to prevent the circumvention of Russian sanctions, explicitly banning crypto-asset services to Russian nationals or entities that could be used to bypass financial restrictions. [Negative] Altcoin Market Still Healing: Major altcoins like Avalanche $AVAX and Dogecoin $DOGE are struggling to regain lost ground after suffering catastrophic 60-70% losses during the recent market-wide deleveraging event. [Negative] New L2 Announces Non-EVM Support: A new Layer-2 protocol, Unichain, has announced plans to integrate support for non-EVM assets, including XRP and Dogecoin, aiming to bring new liquidity into its ecosystem. [Positive] Traders Aggressively Hedge: Options market data shows a significant increase in the purchase of put options, indicating that traders are actively hedging their portfolios against the risk of another major price drop in the coming weeks. [Negative] Fed Cuts Rates, Powell Remains Hawkish: The Federal Reserve cut its key interest rate by 25 basis points yesterday. However, the market rally was cut short after Fed Chair Powell's "hawkish" press conference, where he emphasized "optionality" and data-dependence, dampening hopes for a clear dovish pivot. [Negative] Meta Shares Plunge on Spending Guidance: Meta (Facebook) stock fell over 9% in after-hours trading. Despite beating Q3 earnings and revenue estimates, investors were spooked by the company's massive capital expenditure guidance for 2026, citing a costly AI arms race. [Negative] Alphabet Stock Soars on Cloud Growth: Alphabet (Google) shares surged after the company reported Q3 earnings that crushed expectations. The primary driver was its cloud division, which grew 34%, well above analyst forecasts. [Positive]