Presented by

OVERVIEW

Altcoins Are Waking Up ⚡️ 

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total and altcoin market cap YTD:

NEWS IN THREE SENTENCES
Crypto News 📰

🏛 Court Docs Reveal US Gov’t “Coordinated Effort” To Halt Crypto Services, Coinbase CLO Calls Foul

Unsealed letters show the FDIC repeatedly pressured banks in 2022–2023 to freeze or curtail a wide range of crypto offerings, from basic BTC buy/sell to stablecoin issuance. Coinbase’s Chief Legal Officer Paul Grewal and others say it’s a 2.0 version of the infamous “Operation Chokepoint,” labeling it an unconstitutional regulatory overreach. Critics vow to demand congressional hearings, warning that these “pause letters” threaten free-market principles and hamper the entire US crypto industry. Ledger Insights.

💯 Litecoin Hits 300 Million TX Milestone, ECB’s “Holy Grail” Found?

Litecoin notched its 300 millionth transaction this week and all while never having the network down or pause in thirteen years. Meanwhile, the European Central Bank is still searching for the “holy grail of cross-border payments” (fast, cheap, inclusive, stable). Litecoin’s fans say, “We’ve already nailed near-instant settlement at sub-cent fees, with universal reach, and no central bank needed!” Now the question is: can LTC’s 2.5-minute blocks and unstoppable track record woo the ECB to ditch their decade-long search? Litecoin blog.

🦊 Vitalik Liquidates $2.5M in Memecoins, Funnels Profits to Kanro Charity

Ethereum co-founder Vitalik Buterin offloaded various memecoins from his public wallet—including DOGE, SHIB, and cult microcaps named after Elon Musk—raking in about $2.5 million in USDC and ETH. The tokens were mostly freebies from memecoin promoters hoping for a Vitalik shoutout, but once again, he’s donating proceeds to philanthropic causes (this time, Kanro). The Block.

💸 Bitcoin Network Settles $19 Trillion in 2024, More Than Doubling Last Year

BTC’s settlement volume rocketed to $19T, dwarfing 2023’s $8.7T and reversing two years of slump since its 2021 peak of $47T. Analysts point to surging hashrates (peaking at 1,000 EH/s in January) and a strong 2024 for Bitcoin—buoyed by a U.S. spot ETF approval, a halving event, and a run to all-time highs near $108,000. Riot Platforms’ research VP says it’s proof Bitcoin can serve as both a store of value and a robust medium of exchange on the global stage. CryptoNews.

SPONSORED
Memes Make Money

• A $20 investment in $PNUT on 11/01 would be a $225,000 position today

• $PNUT or Peanut the Squirrel is a Meme Coin

• Spot makes it simple to trade Meme Coins

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.