🔥 Market Recap (Oct 22) - Gold Plunges 6% in a Day — Crypto Market Struggles to Find Momentum 📊 Market Snapshot • $BTC: around $108K • $ETH: around $3,800 • Altcoins: drown in red • BTCDOM: 59.80% • Total Crypto Market Cap (): $3.64T • Fear & Greed Index ( 29 – Fear • Altcoin Season Index ( 29/100 🕯 ETF Flows ( (Oct 16) • BTC: +$477.2M (Blackrock: +$210.9M) • ETH: +$141.7M (Blackrock: +$42.5M; Fidelity: +$59.1M) • SOL: -$4.5M --- • Fed considers introducing “streamlined” payment accounts, a move that could allow crypto companies to access the Federal Reserve’s payment system ( signaling a potential shift toward regulatory inclusion for digital assets. • Ethereum enters its final testnet phase, Hoodi, ahead of the Fusaka mainnet upgrade scheduled for December 3 ( marking the last step before one of ETH’s most significant network updates this year. • Token $KDA plummeted over 60% after the project announced a shutdown due to unfavorable market conditions ( raising concerns over liquidity stress among smaller-cap projects. • Tether minted another 1B USDT on Ethereum ( bringing total new issuance to 5B since the Oct 11 liquidation wave, while also confirming USDT has surpassed 500M users ( and plans to launch a U.S.-only stablecoin (USAT) by year-end. Reports suggest Tether is seeking up to $20B in funding at a $500B valuation. • SharpLink accumulated an additional 19,271 ETH (~$75M), increasing its total holdings to 859,853 ETH (~$3.5B) ( reinforcing its position as one of the largest ETH holders. • Gold dropped 6%, marking its biggest one-day decline since April 2013, while silver plunged 8.7%, the sharpest fall since 2021 ( — both moves attributed to shifting investor sentiment amid stronger U.S. dollar and yield rebound. Resources: CryptoRank