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24 Hour Crypto Recap: Market Overview
The global crypto market cap rose 1.6% to $2.879 trillion over the past 24 hours. Bitcoin traded at $82,737.63, up 1.3% on the day with a 7-day change of 0.6%. Ethereum changed hands at $2,445.65, up 2.1% in 24 hours and down in the last seven days by 2.3%. BNB rose 1.7% to $740.41, with a weekly change of 0.3%. XRP gained 2.6% to $1.33. Solana rose 1.4% to $106.00. Pudgy Penguins led trending searches at $0.008034, up 6.7%. Pearl followed at $2.16, up 8.4% and Collector Crypt at $0.3637, up 16.5%. Among top gainers, Janction topped the list, up 128.5% to $0.004463. Doodles surged 108.8% to $0.002783, and Orbio.so climbed 74.4% to $0.03718. The SEC’s Regulation Crypto Assets proposal closed on October 20, with an SEC spokesperson stating the agency will keep accepting submissions after the deadline. The proposal would create a financing exemption for crypto issuers, capped at $5 million over four years or $75 million per year. Utah Attorney General Derek Brown sued Kalshi and two Susquehanna-affiliated trading firms over sports and event contracts offered to residents. The state estimates Kalshi collected between $30.6 million and $61.2 million in fees from more than 32,000 accounts registered to Utah residents. French lawmakers narrowly passed an amendment imposing a 31.4% capital gains tax on crypto-to-stablecoin conversions starting January 2027. The measure still needs Senate approval. Switzerland’s FINMA approved the country’s first retail Bitcoin ETF. Kazakhstan’s AFSA obtained a court order barring Coinbase, BingX, Bitcoin.com, HTX, BitMart and WEEX from offering unlicensed services in the Astana International Financial Centre. Strive sold 7 million SATS perpetual preferred shares at $90 each, raising gross proceeds of $630 million. The shares carry a 15% fixed annual dividend on a $100 base and are not collateralized by Strive’s bitcoin holdings.