Deutsche Bank raises Microsoft's price target from $550 to $600

This mysterious whale sold another 229 $BTC ($19.1M) and then bought 7,469.8 $ETH ($19.1M).

Crypto analyst Danh Tran has published a report stating that the total market capitalization of tokenized stocks has climbed to $3.9 billion, reaching an all-time high. BNB Chain leads the space with a market cap of around $1.2 billion, accounting for 32.4% of the overall market, while Ethereum and Solana rank second and third with $842 million and $742 million respectively. Tran noted that this development not only reflects competition between different blockchains, but also signals the accelerating migration of traditional financial assets onto the blockchain.

Australia's Securities and Investments Commission (ASIC) on Monday proposed expanding the regulatory scope of Contracts for Difference (CFDs) to include contracts that meet relevant conditions and settle via digital asset transfers. Even if such contracts track non-crypto asset prices, they may still be subject to the rules. Under Australia’s current framework, CFD trading is bound by leverage caps; service providers must close positions when a client’s account funds fall below a required threshold, and offer negative balance protection, limiting client losses to the amount of funds in their CFD trading accounts. ASIC noted that certain cryptocurrency futures and options with fixed expiration dates will remain excluded from CFD rules. The regulator is currently seeking public comment on the proposal, with a deadline of November 9. Separately, Australia passed legislation in April this year requiring cryptocurrency exchanges and tokenized custody platforms to be included in the financial services licensing framework, with the new regime set to take effect on April 9, 2027.

Crypto market analyst Axel Adler Jr noted in a post that last week, the market absorbed selling pressure of 220,374 Bitcoin (BTC). During the same period, the net BTC flow on exchanges stood at -3,863 BTC, meaning more Bitcoin flowed out of exchanges than into them. Despite the large scale of capital inflows, the market still showed a net outflow, reflecting relatively strong buying demand.

Strategy added 249 BTC last week, reducing its US dollar reserves to $5.52 billion (a $193 million drop). The firm’s total Bitcoin holdings climbed to 848,250 coins.

Arkham has disclosed in a post that it has labeled wallets under Justin Sun’s name across 10 blockchains, with total on-chain assets valued at roughly $2.25 billion. Justin Sun is the founder of TRON, CEO of BitTorrent, and owner of two cryptocurrency exchanges. Arkham also noted that in its ranking released this September, Justin Sun’s holdings rank second only to Satoshi Nakamoto, whose holdings total $91.3 billion.