Block Earner Bulletin: Easy come, easy go

Let’s start with some transparency, we had this newsletter drafted for release last week but already the crypto market looks completely different so we’ve re-written it. Stark market movements like this past week are signs of significant investor interest on both sides of the market (buyers and sellers). Interestingly, volume softened during the correction – in time gone past, we’ve seen large spikes in volume during volatile periods. This can mean that a lot of value was settled off exchanges (over the counter) or the new wave of crypto investors are no longer willing to sell at first sight of a correction.

The main fuel for Ethereum’s success of recent is the RWA narrative. Tokenised stocks, commodities and real estate are all doing the rounds. ETH is also the home of almost every new stablecoin coming out of the USA which adds further velocity to the ecosystem.

A final point to make is ETH (when priced in BTC terms) is trading below historical levels which gives many analysts a reason to believe we close 2025 with some bullish momentum behind Ethereum.

As always, here for you.

You asked (loudly and often!) - and we listened. Soon, you’ll be able to unlock the power of your XRP without having to sell. XRP-Backed Loans are on the way…

We’re hosting an exclusive pre-ACC event on Friday 21st Nov. Register your interest to join the guest list.

"Block Earner has closed an $8 million series A capital raising, led by Hong Kong-based crypto investor CMCC Global, with participation from Sydney-based VC fund King River Capital, ahead of its launch of a home loan product in November."

The US Securities and Exchange Commission (SEC) has approved in-kind creation and redemption for cryptocurrency exchange-traded products (ETPs), giving authorised representatives the ability to exchange shares directly for the underlying crypto assets instead of cash. “In-kind creation and redemption provide flexibility and cost savings to ETP issuers, authorized participants, and investors, resulting in a more efficient market,” said director of the Division of Trading and Markets at the SEC.

In what is believed to be a Territory first, a luxury Darwin home has been listed for sale for $2.85m – or the equivalent in Bitcoin. Seth Chin, selling agent and managing director of Chin Property Group, said offering Bitcoin as an accepted form of payment broadened the pool of potential buyers. “There’s a growing number of Territorians and Australians investing in crypto, and it’s more widespread than many realise,” he said. “Approximately one in five Australians own cryptocurrency, with the Australian crypto market valued at around $50 billion to $70 billion.” Mr Chin said the legitimacy of cryptocurrencies was only increasing.

The SEC marked Oct. 8 as its next deadline for the Truth Social Bitcoin and Ethereum ETF. Two more delays, which are routine, were also filed on Monday for the CoinShares Litecoin ETF, CoinShares XRP ETF, and the 21Shares Core XRP ETF, for later in October. Globally, over a hundred crypto-related ETFs are listed. BlackRock’s iShares Bitcoin Trust dominates the field, with more than $87 billion in assets under management (AUM).

This week, Powell has the chance to offer his perspective on the economy, marking a pivotal moment for markets heavily wagering that the Fed is poised to lower rates next month. The week ahead will also be about how the market perceives the next steps in the Russia-Ukraine talks. Broader crypto tokens showed a similar trend, with Ethereum down by around 10% from last week's highs to around US$4,270.

Disclaimer: The information contained in this blog is general in nature and is provided for informational purposes only. It does not constitute financial, legal, or tax advice, and should not be relied upon as such. Block Earner does not guarantee the accuracy or completeness of any information presented. You should consider your own personal circumstances and seek professional advice before making any financial or investment decisions. Past performance is not indicative of future results. All investments carry risk.