ETHEUR
Ethereum / Euro
cryptoComposite

Yes, and there is tons of liquidity on USDC to ETH swaps, so the impact trying to go to Monero would be way too high. Of course, they had to swap the money as soon as possible because the USDC would get frozen, so taking a loss on that swap was no concern. It's also just easier for USDC to ETH swaps to build liquidity because ETH has smart contracts and the token can be on ETH.

Depends heavily on where you live, so it's worth saying your country, but the general shape is pretty similar in a lot of places. In the US the IRS treats crypto as property, not currency. That means: - Every sale for dollars is a taxable event, and so is a crypto-to-crypto swap (trading ETH for SOL counts as selling the ETH). - Held a year or less, the gain is short-term and taxed at your normal income rate. Held longer than a year, it's long-term at the lower 0/15/20% capital gains rates. - Losses offset gains, and if losses win you can deduct up to $3,000 a year against regular income and carry the rest forward. - Fees generally get folded into your cost basis or reduce your proceeds, so keep them in your records. The part that bites active traders is record keeping. If you made hundreds of trades across a couple of exchanges, export the full trade history from each one now rather than in April, because you need the cost basis of every lot. Most people run the CSVs through a crypto tax tool and then check it against what the exchange reports. In the UK it's capital gains tax too, with a small annual tax-free allowance, and HMRC has its own pooling rules for working out cost. Other countries vary a lot, and a few don't tax personal gains at all, which is why the jurisdiction matters more than anything else here.

🌍 **Macro** U.S. equities suffered a sharp weekly pullback amid concerns over AI spending and corporate earnings. On Friday, the Nasdaq fell 2.86%, the S&P 500 dropped 1.82%, and the semiconductor index lost 7.2%. The Fed held rates at 3.75%–4.00%, though two officials favored a hike, adding pressure to risk assets. BTC also came under pressure following the $6.3B Binance hack, briefly touching $76.3K before recovering toward $78K. Institutional flows remain weak, with spot BTC and ETH ETFs recording $643M and $156M in net outflows on October 30, respectively. ⸻ 📈 **Market Snapshot** • BTC: $78,350.00 (+1.05%) • ETH: $2,275.28 (+0.88%) • NASDAQ: 25,437.00 (-2.86%) • S&P 500: 7,580.07 (-1.82%) • F&G: 37 (previous: 30) ⸻ 🧠 **Market Take** Binance withdrawal pressure has eased, but confidence remains fragile. During the first 9.5 hours after withdrawals gradually resumed on November 1, the exchange processed $4.649B in withdrawals and $1.01B in deposits, resulting in $3.64B in net outflows—about 2.1% of its previously disclosed $171B in assets. Binance also replenished approximately 95% of affected assets. However, DefiLlama data showed rolling 24-hour net outflows briefly reaching $5.817B, while OKX, Robinhood, and Bybit recorded net inflows. The stolen funds continue moving across chains. The FBI attributed the attack to North Korea’s TraderTraitor and published associated wallet addresses. Meanwhile, THORChain temporarily halted multi-chain trading after an Ethereum block reorganization triggered an erroneous 10 ETH payout. Although the funds were returned and the vault’s solvency restored, the incident highlighted vulnerabilities in cross-chain finality, risk controls, and emergency response mechanisms. **Key levels:** * Resistance: $80K * Support: $76K * Trend: Short-term recovery, with confidence and institutional flows still weak ⸻ 🔥 **Hot Tokens** * **LIT:** \+12% as Lighter reportedly plans to seek U.S. CFTC derivatives licenses, alongside progress in its Robinhood Chain deployment. * **G:** \+10% amid Gravity’s mainnet migration, exchange liquidity constraints, and widening cross-platform price gaps. * **NEAR:** \+8.5% ahead of a November 2 vote on reducing its maximum annual issuance rate from 2.5% to 1.6%. * **DACITYCOIN:** Surged over 50% as the fictional cryptocurrency featured in the GTA VI trailer sparked meme-token speculation. ⸻ 📰 **Key Updates** * **Polymarket:** Expanding its Chainlink partnership to launch 15-minute gold and silver price prediction markets. * **Moscow Exchange:** Will offer crypto trading across all trading sessions starting December 1. * **Italy:** Proposing a 33% exit tax on crypto holders relocating abroad, including unrealized gains. * **OnePay & Stripe:** Launched stablecoin deposits, enabling USDC-to-USD conversion across 12 blockchains. * **Uniswap:** Introduced TJAR, a framework that automatically converts application fees collected in multiple tokens into a designated token. * **Brazil:** Closed its virtual asset service provider licensing window, with around 40 companies submitting applications. * **Token unlocks:** BTW unlocks 3.37% (~~$114M) and ZAMA 10.92% (~~$18.58M) on Nov 2; KITE unlocks 17.42% (~~$75.6M) on Nov 3; MMT unlocks 294.38% (~~$32.3M) on Nov 4. ⸻ ⚡ **Quick Take** BTC has recovered toward $78K as Binance withdrawal pressure eases, but ETF outflows and lingering security concerns suggest market confidence remains fragile. The $76K support and $80K resistance are key levels to watch, with U.S. midterm elections, nonfarm payrolls, and major tech earnings likely to drive volatility this week.

Volume like that during a panic is mostly arb and toxic flow, so the fees were real but the LPs probably ate the move on inventory too. Pull the pool's fee growth for that day, a 1% tier doing 6x volume while ETH was swinging usually means the range got run clean through and the LPs ended up holding the heavy side.

AI Overview Yes, the Ult / Ultra Wallet app and associated crypto/trading schemes are widely flagged by users and online communities as part of scam or high-risk operations. Key Red Flags Associated with Ult Apps: • Blocked or Frozen Withdrawals: Numerous user reviews and reports describe accounts where funds become trapped, and withdrawing money is blocked. • Advance Fee & Tax Demands: Scammers use a classic tactic where customer support or fake agents demand successive "verification fees," "processing fees," or "taxes" before supposedly releasing funds—no legitimate financial platform forces you to pay out-of-pocket fees to withdraw your own money. • Grooming and Fake Relationships: Many victims report being lured in via online relationships, social media, or signal providers who direct them to download decentralized or custom apps showing fake, inflated profits. • Unhelpful or Defensive Support: Support channels typically blame the user, demand more money for gas/network fees (like ETH), or tell victims to contact local law enforcement once funds are gone.

What is this ? The grocery store? Demand does not affect the inflation rate of Ethereum u donkey. Demand can chg the price per eth but what does that have to do with inflation rates? Rofl ETH Inflation Rate (%) = ((ETH Issued - ETH Burned) / Starting ETH Supply) \* 100

It's getting ready to do something. ETH has already broke and has a slide going, down. https://preview.redd.it/i5ews53p33zh1.png?width=1560&format=png&auto=webp&s=59d60bb9816cc590ca9e02706f5e1ef4727701e2

How do I convert BETH back to ETH? I think I left it in a staking pool a while back but I'm not 100% sure. Any advice is appreciated

Good recap. The way I'd frame it: 6780 didn't make "same address, different bytecode" impossible, it just moved where you have to look 🧐 The classic metamorphic trick (CREATE2 with initcode that pulls runtime bytecode from somewhere else, then selfdestruct and redeploy) is basically dead for anything that survived past its creation transaction, because SELFDESTRUCT now only sends the ETH and leaves the bytecode and storage in place. The only case where it still fully wipes is create-and-destroy in the same tx, and in that case nobody ever had a chance to audit the thing anyway. What's left that can change behind a fixed address: - Upgradeable proxies. Totally legit and everywhere, but auditing the implementation tells you nothing about the next one. Who holds the upgrade key and whether there's a timelock matters more than the audit date. - 7702 delegations. The account can re-sign a new authorization and point at a different implementation whenever it wants, so "the bytecode at this address" is a snapshot, not a guarantee. - Governance that can swap modules or execute arbitrary calls, which is really what the Tornado attacker abused: the proposal looked fine, the logic behind it changed before execution. So the modern version of "check Etherscan" is less about spotting selfdestruct and more about asking who can change what, and how much warning you get before they do 👀

And 90% has already been replenished (from Binance): "Since our last update, the covered amount has risen from approximately 80% to 90%. All BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed at 100%. We'll keep purchasing the remaining assets through market and OTC channels until the covered amount reaches 100% for all tokens."

this is dumb AI, swapping to USDC and USDT is how they lost billions already. The paths they want to go are to BTC, ETH and XMR. These are chains that will be around forever they have bridges and methods of converting between them using decentralized protocols.

Incorrect, assets were quickly swapped to BTC and ETH.

big news yesterday with a winner being nominated for the Android Offline AI Research App competition on poidh! Commonplace by 0xPD33: [https://github.com/0xPD33/commonplace](https://github.com/0xPD33/commonplace) 🏆 Vitalik added 1 ETH to this bounty and he now has final say on whether it gets paid out since the onchain voting confirmation period has \~24 hours remaining (Commonplace was his recommendation though, so this is most likely a done deal) full breakdown of the bounty here, with links to the 10+ apps that were submitted! if you're interested in the cutting edge of mobile local AI (and onchain coordination tooling) def worth checking out: [https://kenny.gwei.limo/posts/60cbade2c961-android-offline-ai-research-app-winner](https://kenny.gwei.limo/posts/60cbade2c961-android-offline-ai-research-app-winner) yesterday's announcement on X: [https://x.com/kennyistyping/status/2116576250731078041](https://x.com/kennyistyping/status/2116576250731078041)

Fair question. This was a crypto backtest across BTC, ETH and SOL, not CME futures. The $7.1k is the total modeled fees across 979 trades, not a fee on a single position. The strategy also generated a lot of turnover. That said, I still need to verify the historical exchange fee assumptions, so I wouldn't claim those costs perfectly reflect live execution. That's one of the limitations of this test.

> But laundered USDT, USDC, XRP can be traced and frozen. Yeah, they're just immediate "liquid" cash. > Converting them to XMR would have made them untraceable and unfreezable. There's simply isn't that kind of demand for USDT, the market is too shallow. It was even shallow on USD->ETH route, and the lending protocols have substantially deeper market (they swapped around 100M worth within, with substantial (~10%) but still reaonsable slippage. This isn't really something XMR could absorb (even ETH defi market barely can).

Proof: [https://imgur.com/a/oCsCulg](https://imgur.com/a/oCsCulg) (P-1) 20 oz Silver Bar - Scottsdale Mint Imperium - XX .999 Silver Bullion Bar #A707 **$1,020 shipped.** Price is firm. Payment methods: * USD: venmo, PayPal, Cash APP. No note. * Cryptos: USDC on ETH network, BTC on BTC network (3% surcharge), ETH on ETH network (3% surcharge). Ship to all 50 states, US Territories, and Military Bases. Almost all my shipping labels each carry $100 complimentary insurance. Additional insurance coverage is available at the buyer's expense. Packaging will be done in a way that protects not only the metals, but also their containers. I have an industry-leading standard of padding, filling, packaging, and taping for every shipment. Once the carrier takes possession of the package directly from my hands, my liability ends. But I will do my best to help with investigation, and insurance claim filing on behalf of the buyer, in the rare case of package loss, package damage, or content leakage. \------------------- All metals are sourced from trustworthy sellers and have passed my rigorous authentication through several steps in the following order whenever appropriate: 1. Weight test 2. Magnet test 3. Ice test 4. Ping test passed by iphone APP StackerTools. * This is an overly rigorous test which sometimes fails a legitimate piece of silver in an odd shape or heavy toning. 5. And/or the test of Sigma Metalytics Precious Metal Verifier PMV PRO with Refiners Wand, Small Wand, Large Wand and Bridge (Model #2701): * This device tests the resistivity and density of metals. It cannot tell you what a piece of metal is. It can only tries to tell you if that piece fits what you think it is. You have to have a rough idea what the piece can be. * It is one of the best ways to test authenticity in general, but it cannot replace other kinds of testing, and is not always the right/best way of testing (NOT infallible, and limited in the testable range of metals): * In rare cases, a fake piece of metal can have similar resistivity and density of a real piece thus fooling Sigma. * A genuine metal piece may fail Sigma test because of its extreme size, lack of flat surface, toning, and other interferences such as assay card with authentication technology. For example, a genuine PAMP 1 gram Fortuna Gold Bar fails the test of Sigma PMV Pro with all accessories due to its extremely small size and the interference of its Veriscan Assay Card. * This device cannot test silver with a purity lower than 83.3%. For example, 40% silver Kennedy Half Dollar cannot be tested by Sigma, but can be tested by ping test through StackerTools. * Thus, my multi-step hybrid authenticity test is superior than only using Sigma, and is the best practice given my resources. There are other even more expensive tests - XRF can outright tell you the exact metal composition of the surface of a piece of object, which Sigma cannot do. But the penetration of XRF is shallower than that of Sigma.

Let's kewp some nuance. There is a reason they trade(d) most into BTC and ETH. 0% chance of any of those being freezed. 100% freeze for most stables and other stuff somewhere in between there.

Crypto is ass because in a market where virtually every other asset is growing impressively bitcoin is down over 10% YTD and ETH is down over 20% YTD.

the budget day BS along with the Quantum BS are a fantastic wall of worry. A Big Beautiful Wall that will propel BTC to $1M, and drag ETH along for the ride.

OK I get it now. ETH and BTC are freezable on exchanges, but I guess North Korea wouldn't use exchanges. They would just transfer the stolen BTC and ETH to private wallets and dare anyone to come get it via invasion.

Not really. It is very likely both are in effect by the end of 2027. More interestingly Ethlabs has been pushing for some insurance there in the form of FCR (fast confirmation) and faster slots (or quick slots as they call It) both acting as a magnet towards "free use road entry to fast inclusion" which in turn reduces the premium large stakers could gain offchain. Both the ePBS+FOCIL side and the Quick Slots +FCR side are a sort of EF+Ethlabs tag team to make Ethereum sticky for TradFi. You can maybe then, after you establish a sticky service, discuss more radical gas repricing, which violently reprices ETH too.

A fascinating research paper published just last week caught my attention. Two mathematicians at Cardiff found that **weekend crypto volatility predicts Monday volatility in the S&P 500 (!!!)**. And it holds up after controlling for Friday's VIX, and it gets even stronger when Friday's VIX is already high. We can ignore crypto as an investment, but still it seems to know something about Monday. They tracked BTC, ETH and, yes, XRP weekends back to 2017, and since 2024 it shows up in EVERY pair they tested, across stocks, gold and Treasuries. What surprised me most is that Friday's crypto volatility predicts nothing, so the signal really comes from the hours when stocks can't trade. https://preview.redd.it/a09jxwxv61zh1.png?width=2160&format=png&auto=webp&s=3e16b8ef9695f4d52c60ef6461d737c0f7b96535 As someone who sells premium for a living, I keep thinking about two Mondays that open at the same IV after very different crypto weekends. Am I selling the same premium against two different risks? It's only 116 Mondays and the paper never touches option prices. They even wonder whether the effect gets arbitraged away once people notice, and, well, people are about to notice. I'm testing it myself for you now and will post what I find here. Has anyone here compared weekend crypto with Monday implied vs realized? Or is this already priced in and I'm late to the party? Paper: [https://arxiv.org/abs/2610.35702](https://arxiv.org/abs/2610.35702)

Yeah great point. In fact the article shows that they had to pay several hundred dollars more than market price for each ETH.

Revolut declined my deposit of 3.9 ETH, and are now holding on to it saying they have technical issues that affect returning it, waited a week now

>**Charts may tell the signs,** >**Long haul on all the airlines,** >**Immigration lines.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap