#CRYPTO MINUTES - 23.10.2025 $BTC ETF Flows - 📊 Net Inflow : -$101.4M ⚡️ 7-day Avg : -$80.5M $ETH ETF Flows - 📊 Net Inflow : -$18.9M ⚡️ 7-day Avg : $13.4M TOP GAINERS: $COAI, $HYPE, $MNT, $XMR, $ENA TOP LOSERS: $ZEC, $ASTER, $PENGU, $WLD, $M Crypto Market Enters Seventh Day of Losses The cryptocurrency market continues its downward trend for the seventh consecutive day. Bitcoin is struggling to hold the $108,000 level, while Ethereum has dipped to around $3,800 amid widespread macroeconomic uncertainty. [Negative] Limitless $LMTS Token Launches with Airdrop The Limitless $LMTS token officially launched yesterday, with the team opening claims for its airdrop. The launch, described as a "stealth launch," saw significant trading volume and price volatility, though it was also met with community concern over pre-launch "sniper" activity and significant token sales by the team. Canadian Regulator Issues Record Fine to Exchange Canada's financial watchdog, FINTRAC, has fined crypto exchange Cryptomus a record $177 million. The penalty was for failing to register as a money services business and for not reporting over 1,000 suspicious transactions linked to criminal activities. [Negative] Crypto and Stocks Sink on Trade Tensions Digital assets are selling off alongside stocks and gold as a risk-off sentiment takes over markets. The unwind of momentum trades is being linked to fresh anxiety over potential U.S. restrictions on software exports to China. [Negative] US Government Shutdown Leaves SEC Shuttered The ongoing U.S. government shutdown has left regulatory bodies like the SEC and CFTC non-operational. This has sparked growing concern about market vulnerability, especially following a recent flash crash, with no "cops on the beat" to investigate potential market manipulation or insider trading. [Negative] Total Crypto Market Cap Continues to Shrink The total capitalization of the cryptocurrency market has fallen, dropping nearly 5% over the last week. The sustained sell-off reflects broad bearish sentiment and a flight from assets perceived as high-risk. [Negative] DeFi Sector Faces Scrutiny Amid Market Downturn Following the recent market crash, several decentralized finance (DeFi) protocols are facing significant stress. Reports are emerging of cascading liquidations and concerns over the stability of some algorithmic stablecoins. [Negative] NFT Market Volume Hits New Lows Trading volumes on major NFT marketplaces have plummeted to their lowest levels in over a year. The floor prices of many popular collections have fallen significantly as speculative interest in digital collectibles wanes. [Negative] U.S. Stocks and Gold Fall on Momentum Reversal Wall Street is experiencing a broad sell-off, with the S&P 500 and Dow Jones declining as momentum trades unwind. The move is being attributed to renewed U.S.-China trade tensions, which is also pulling down the price of gold. [Negative]