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PropMarketCapFRESHProp industry

FundingPips closes PRIME: new prop traders have no growth path above Master

On October 28, the prop firm FundingPips announced that it is stopping enrollment in PRIME - a closed program for selected traders with account scaling and a personal mentor. Those already inside keep their terms; new ones are not accepted.

PropMarketCapFRESHInstitutional players and funds

Whales deposited 6,168 BTC to Coinbase Prime overnight - that's $498.5 million

Three large holders (known as whales) transferred a total of 6,168 BTC to Coinbase Prime - the division of the Coinbase exchange for institutional clients - overnight, about $498.5 million. This is happening with Bitcoin priced around $80,800, that is, at the month's lows.

PropMarketCapFRESHRegulation

Ripple received a banking license in the US: cryptocurrency regulation has reached RLUSD reserves

The US Office of the Comptroller of the Currency (OCC, the regulator of national banks) has granted Ripple final approval to launch Ripple National Trust Bank. Now the $2.5 billion in RLUSD stablecoin reserves will be managed under federal oversight.

PropMarketCapFRESHCurrencies, commodities and indices

Gold down for the third day: $4,135 with US bond yields at 5.14%

Gold slipped to $4,135 per ounce - the third declining session in a row. Two factors are weighing: the yield on 10-year US Treasuries has returned above 5.1%, and oil has risen almost 15% in two weeks.

PropMarketCapFRESHCurrencies, commodities and indices

Bank of Japan leans toward skipping a rate hike: USD/JPY holds near 158.50

At the Bank of Japan, they are leaning toward leaving the rate unchanged at the October 30 meeting. Against this backdrop, the probability of an October hike has fallen to about 10%, and USD/JPY is holding near 158.50, close to monthly highs.

PropMarketCapFRESHInstitutional players and funds

17,733 BTC from US government wallets moved to Coinbase Prime

Wallets linked to US authorities transferred about 17,733 BTC to Coinbase Prime. The bulk of the coins were likely moved for custody rather than for immediate sale on the market.

The Funded WayFRESHProducts

The Funded Way expands its instant lineup with accounts in a new size – $2,500

Five TFW Community members will receive an Instant Rapid Pro Way for $2,500 for free