The day at a glance · 6 sections · 3 min read
Mood · Risk-On
+62
Sentiment, −100 to +100
Bitcoin price
$80,000above
Zcash gain
12%+12%
Ethereum target
2,575
Key driverDemocrats' midterm victory fuels expectations of US-Iran diplomatic breakthrough, supporting risk appetite across crypto markets
Daily briefCrypto & Web3· Money365.Market AI ·
Crypto Rallies on Midterm Hopes; ETFs Draw $128M
Ethereum and Solana rebound as markets bet Democrats' sweep may push Trump toward Iran exit; Bitcoin holds above $80,000.
Bitcoin & Ethereum
BullishBTCETHZEC
01
Bitcoin (common stock) held above $80,000 as crypto markets rebounded following the Democrats' victory in both the House and Senate in US midterm elections. Markets are betting the Republican loss will push the Trump administration to seek an exit from the Iran war, supporting economic growth as energy prices fall.
02
Ethereum (crypto token) whipsawed before staging a strong rebound, breaking above its downward trendline and opening the door for a move toward the 2,575 level. US Vice President Vance blamed the war with Iran for the Republican Party's heavy losses, reinforcing market expectations that the administration could seek an off-ramp from the conflict rather than escalate military operations.
03
Bitcoin outperformed the S&P 500 in half of the past 90 US trading sessions, while historical midterm data highlights gains for stocks.
04
Zcash (crypto token) jumped 12% in the post-election crypto rebound.
ETF Flows
NeutralTotal ETF inflows
$128M+$128M
BlackRock IBIT outflow
$201M-$201M
IBIT
01
Bitcoin and Ether ETFs drew $128M in combined inflows as crypto markets rebounded after the midterm elections. Fidelity led Bitcoin ETF inflows during the session.
02IBIT
BlackRock's IBIT shed $201 million, extending its outflow streak to four trading sessions. The outflows came despite the broader crypto market rebound.
Crypto Stocks
NeutralRiot AI deal size
$28 billion
Riot interest rate
12%
Bernstein CLSK upside
62%+62%
Trump Media BTC move
$342 million
RIOTCLSKMSTR
01RIOT▲ +9.63%
Riot Platforms ($RIOT) (common stock) could pay Anthropic 12% interest under a $28 billion AI deal. The Bitcoin miner announced the partnership with the artificial intelligence firm.
02CLSK▼ -16.56%
CleanSpark ($CLSK) (common stock) fell 21% in the week to Nov. 4, closing at a new 52-week low, mostly after Gina Hinojosa won the Texas governor's race. Bernstein still sees 62% upside despite the decline.
03MSTR▲ +5.09%
MicroStrategy ($MSTR) (common stock) shareholder said his $219K investment for three children fell 73%, according to an August exchange that is spreading again. Saylor responded to the shareholder's complaint.
04
Trump Media moved $342 million in bitcoin to Crypto.com, according to blockchain data. The transfer represents a significant portion of the company's digital asset holdings.
Regulation & Policy
NeutralSouth Korea crypto tax rate
22%
South Korea delays
4th
01
South Korea is seeking a fourth delay to its 22% crypto tax, months after reaffirming plans to begin taxing digital asset gains in January 2027. The government now targets a 2029 start for the tax regime.
02
Hong Kong passed a law requiring crypto exchanges to report customer transactions to tax authorities. The new reporting requirements apply to all licensed exchanges operating in the territory.
03
France budget rejection sidelines stablecoin tax and wallet reporting requirements. Three adopted amendments, including stablecoin taxation and self-custody reporting, fall away but could be reintroduced in the Senate.
04
Democrats wasted little time after their midterm victory, warning tech CEOs to prepare for subpoenas and signaling fresh investigations into Trump's business dealings. The new congressional majority indicated it will target both the former president and Big Tech firms.
DeFi & Protocol Developments
NeutralPolygon stolen funds
$6.8M
Zcash freeze amount
$16 million
01
Binance and Polymarket seek a Polygon hard fork to recover $6.8M in stolen crypto. Polygon block producers have already frozen the stolen tokens, but a proposed hard fork would allow the funds to be recovered and returned to their owners.
02
Zcash (crypto token) is about to freeze $16 million in its oldest privacy pool. The action affects funds held in the protocol's legacy shielded pool.
03
XRP Ledger (blockchain protocol) fixed a disclosed bug that could have led to the creation of new tokens. The vulnerability was patched before any unauthorized token creation occurred.
Looking Ahead
Neutral01
The focus will remain on US-Iran negotiations, with a diplomatic breakthrough likely to support crypto through improving growth expectations and stronger risk appetite. An escalation, on the other hand, could trigger another selloff as growth concerns intensify and investors rotate towards safe-haven assets.
02
Today brings the latest US Jobless Claims figures, while tomorrow concludes the week with the US NFP report and the University of Michigan Consumer sentiment survey. These macro data points will help shape crypto market sentiment heading into the weekend.
Important Disclaimer — Not Investment Advice
Disclaimer: This article is provided by Money365.Market for general information and educational purposes only. It is not financial advice, a personal recommendation, or an inducement to buy, sell, or invest in any security or product. Capital is at risk and the value of investments can go down as well as up; past performance does not indicate future results. You should seek independent advice from an FCA-authorised adviser before making any financial decision.
Cryptoassets are high risk and largely unregulated. Do not invest unless you are prepared to lose all the money you put in. Prices are extremely volatile, and you should not expect protection from the UK Financial Services Compensation Scheme or the Financial Ombudsman Service if something goes wrong.
Read the full disclaimer — 8 further points, including total-loss risk, our regulatory status and conflicts of interest
Nothing here is an offer or a solicitation to buy or sell anything, and reading it creates no advisory or fiduciary relationship between you and Money365.Market. Any decision you take is your own.
- You can lose money — including all of it. Individual companies can and do fail, and some of the assets discussed can fall to zero. Only commit money you can afford to lose, and never borrow to invest on the strength of anything you read here.
- Forecasts are opinion, not fact. Any valuation model, scenario, fair-value range, estimate or other forward-looking statement is illustrative, rests on assumptions that may prove wrong, and is never a price target, a forecast of actual outcomes, or a promise of any return.
- Published at a point in time. Figures were believed accurate on the publication or last-updated date shown above and are not maintained afterwards; we are under no obligation to update them. Market and company data comes from third-party sources and is provided without warranty of accuracy, completeness or timeliness.
- Automated content. This brief was compiled by an automated pipeline from validated news and market-data sources and passed through editorial and compliance checks. Automated content can still contain errors — verify anything you intend to rely on.
- We are not regulated. Money365.Market is not authorised or regulated by the UK Financial Conduct Authority, is not registered with the U.S. Securities and Exchange Commission or FINRA as an investment adviser or broker-dealer, and is not a tax adviser. We hold no licence to give personal financial advice and do not do so.
- Interests and independence. Money365.Market is not affiliated with, endorsed by or sponsored by any company, fund, exchange or platform mentioned, and is not paid to feature them. The author may hold positions in securities or assets discussed. The site earns revenue from advertising, subscriptions and, where labelled, affiliate links; this does not influence what we publish.
- Your jurisdiction matters. Tax treatment, contribution limits, product availability and investor protections differ by country and can change. Speak to a qualified tax professional for tax matters, and to a locally licensed adviser if you are outside the UK.
Full terms: Disclaimer · Terms of Service · Privacy Policy