Here’s a rundown of today’s key market movers:
**Market Highlights:**
* Bitcoin surged 4.2% to reach $106,000, while Ethereum soared 7.4% to hit $3,600.
* Polymarket predicts the U.S. shutdown might end soon via a Senate funding deal, generating buzz in the market.
**Regulatory Developments:**
* The Commodity Futures Trading Commission (CFTC) confirmed that Nasdaq, Cboe, and other entities will launch regulated spot and leveraged trading for Bitcoin (BTC) and Ethereum (ETH) next month following the potential shutdown. This move aims to bring trillions in offshore volume onto U.S. soil.
**Economic News:**
* Donald Trump announced plans to distribute at least $2,000 in tariff dividends directly to American taxpayers. This initiative seeks to reward citizens and reduce debt, though it faces legal challenges.
**Company Updates:**
* Ledger is exploring a potential New York IPO or funding round next year as its hardware wallet business thrives. A surge in demand is driven by the projected $2.17 billion worth of crypto thefts in 2025.
* Zenrock’s zenZEC wrapped Zcash token has surpassed $15 million in trading volume on Solana since its launch on October 31st. This innovative project blends privacy and DeFi speed with MPC (Multi-Party Computation).
**Stay tuned for further updates on the ever-evolving crypto market!**