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Whether you’re new to crypto or an experienced investor, you can count on Diamond Street Media to bring you the most important information

New York, USA
Joined November 2021
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Bitcoin dominance is at 60.1%. Ethereum sits at 10.3%. The altcoin season index reads 21 out of 100. This is as much of a "Bitcoin season" as we've seen all year — alts keep waiting their turn.
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A single Ethereum ETF — BlackRock's ETHA — accounted for nearly half of ALL U.S. crypto ETF outflows this week: $299M of the $611M total. Right now, institutions aren't rotating into alts. They're leaving.
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Fidelity's macro head is calling the start of a new Bitcoin cycle — with no clear narrative behind it. Funny how that works: the best rallies always feel narrativeless at first. The story gets written later.
NEW: Fidelity's Head of Global Macro says Bitcoin may be entering a new bull market 👀 "A new 4-year cycle bull market could be underway, based on its power law patterns. There doesn’t seem to be a narrative, but then again, bull markets rarely start with one." 🐂
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A one-vote margin, only 100 lawmakers in the room, and France wants a 31.4% tax on crypto-to-stablecoin swaps from 2027. Real question: do investors move countries over this — or just move wallets?
🇫🇷 REGULATION: French MPs voted 38 to 37 to tax crypto-to-stablecoin swaps at 31.4% from 2027, with only 100 of 577 lawmakers bothering to show up.
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VanEck has pulled its proposed Lido stETH ETF. The withdrawal request went in Oct 14 — a sponsor-initiated pull after a year sitting with the SEC, not a rejection. One fewer regulated path to liquid-staking exposure for now.
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BitMine is 99% of the way to owning 5% of all Ether. The Tom Lee-led firm now holds 6.03M ETH — worth about $15.3B — and says it will halt its weekly buying program once it crosses the 5% line. It's already staked 84% of the stack.
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Ethereum is getting squeezed from every side. Hotter-than-expected U.S. inflation data forced $106M in ETH long positions to liquidate within a single hour. ETH is hovering around $2,400, and daily spot ETF outflows aren't helping the picture.
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U.S. spot crypto ETFs just closed their roughest week of October: about $611M in outflows Oct 12–16. Ether funds took the biggest hit at $320M, Bitcoin funds lost $228M. BlackRock's ETHA alone accounted for $299M of the Ether redemptions.
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Quantum killing Bitcoin is the new "it's a bubble" — a scare that resurfaces every cycle. Hayes nailed the real point: the cryptography holds up fine, it's address reuse that's the actual risk. Good hygiene beats scary headlines.
⚡ LATEST: Arthur Hayes says quantum computing is no reason to sell Bitcoin and the real risk sits with people who reuse addresses.
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Quick one for the long-timers: where were you when Bitcoin hit $126,080 last October? And for the newcomers — what finally pulled you in?
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Saturday question: which asset are you watching most closely into year-end — Bitcoin, Ethereum, Solana, or XRP? One word answer, go.
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Google searches for Bitcoin just hit a multi-year low — while BTC trades around $81,500. Is the crowd distracted, or has crypto just become too mainstream to search for?
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Hong Kong now has two spot Solana ETFs. Pando's new listing (2831.HK) charges a 0.6% management fee, undercutting ChinaAMC's 0.99% — a small fee war in a market where global spot SOL ETFs hold about $1.9B.
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Bitcoin is holding around $81,500 this Saturday morning after dipping below $80,000 midweek. Liquidations have cooled to $315M from nearly $1B, and the Fear and Greed Index just slipped from 63 to 55. Volatile week, quieter weekend.
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October 16 was red across US spot crypto ETFs: Bitcoin -$82M, Ethereum -$70M, Solana -$13M, XRP -$2.5M. The odd one out? XRP funds still closed the week on a 13th straight week of net inflows.
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Thailand switched on its crypto ETF framework this week. Bitcoin and Ether funds can now be built and traded on the Stock Exchange of Thailand — with one guardrail: securities firms can't offer margin loans for them.
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Big one for mainstream access: Charles Schwab has now opened direct Bitcoin and Ether trading to all of its ~40 million eligible clients. Transfers of coins held elsewhere are rolling out too, with Solana, Avalanche and Chainlink set to join before year-end.
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Circle’s USDC just became the first stablecoin classified as “significant” under the EU’s MiCA rules. Regulated stablecoins are officially a thing in Europe.
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After back-to-back hot CPI and PPI prints, traders now see a 54% chance of a Fed hike this month. The Oct 27-28 meeting went from afterthought to main event.
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Coinbase and Glassnode say Bitcoin’s recovery quietly began in Q3 — long-term holders refused to sell through the chop. Patience is a position.
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