Bitcoin has climbed back above $80,000, up about 4% over the past 24 hours, with an intraday high of around $81,200 and a low of about $75,700. ETH rose about 6.6% over the same period to around $2,420. Reports say clearer results from the U.S. midterm elections, gains in U.S. stocks, and a pullback in oil prices have boosted risk appetite, though the Fear and Greed Index remains in “fear” territory at 35.

Regulatory news: Citing industry sources, Eleanor Terrett reported that House Democrats plan to expand Maxine Waters’ crypto consumer protection bill into a market structure bill in the next Congress. It would include provisions to broaden the SEC’s responsibilities and restrict officials’ involvement in crypto activities on ethical grounds. Republicans have called it a “messaging bill”; the text has not yet been released.

Separately, Hong Kong’s Legislative Council passed the CARF crypto-asset reporting framework ordinance. Data collection will begin in 2027, with the first exchange of information with partner jurisdictions scheduled for 2028. Circle’s third-quarter revenue reportedly totaled $865 million, up 17% year over year.

The above is a summary of news and does not constitute investment advice.
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