Crypto News Daily Squeeze

Why does the market feel different all of a sudden?

Written by Gode S.,

Web3 Market Analyst

Last Updated: November 04, 2025

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Plus: Standard Chartered's CEO says blockchains are taking over

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GM. Sometimes, crypto headlines feel like wild berries - tangy, unexpected, and worth a closer look.

Let's dig into today's harvest:

🍍 Fed rate cut aftermath.

💸 Cash out, code in.

🍋 Bitcoin enters new era, digital euro push continues + more

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🍍 Market flavor today

Find out more about the Fear & Greed Index here.

Name		Price	24H	7D
Crypto Market Cap: $3.57T -4.52% (24H)
	Bitcoin BTC	$106,426.00	-3.32%	-7.58%
	Ethereum ETH	$3,612.37	-6.38%	-13.84%
	XRP XRP	$2.37	-5.33%	-11.29%
	BNB BNB	$998.04	-7.54%	-13.11%
	Solana SOL	$168.56	-8.14%	-16.10%

Prices as of 11:00 AM EST. Click here to see live data.

Crypto today feels like when you pour yourself a bowl of cereal and realize the only milk left is oat milk.

Like, sure, it works... it's just not what you expected.

(And please, don't say "you could've avoided this by pouring the milk first." I would never. I'm not a psychopath.)

The Fed cut rates last week, which should've been bullish... but the market reacted like it got socks for Christmas.

Bitcoin price chart from BitDegree

Source: BitDegree

This happened because it wasn't the cut that mattered; it was how Jerome Powell said it.

He noted inflation had improved, but said the Fed would stay "data dependent." In other words, this isn't the "easy money forever" pivot people wanted; the cut was a cautious, conditional move.

And that hint of restraint made markets go risk-off:

👉 Stocks softened;

👉 Treasury yields barely moved = bond investors don't believe this is the start of an aggressive easing cycle;

👉 And in crypto, where leverage had been building for weeks, that hesitation was enough to trigger a chain reaction. Once Bitcoin slipped through support levels, liquidations increased - about $400M in leveraged positions were wiped out;

👉 Spot ETF flows show the same sad story: Bitcoin ETFs lost $1.1B, and Ethereum ETFs had $363.8M in outflows since Thursday.

Bitcoin ETF flows table

Source: Farside Investors

But take a breath. This isn't the end - it's a rinse cycle.

Crypto's been stretched thin near all-time highs, overleveraged, overconfident. The market needed a slap.

And weirdly enough, this kind of pullback is what keeps the bull run alive.

So yeah, the milk's not what we expected. It's oat milk, it's weirdly sweet, and it kind of messes with the flavor.

But you know what? It still gets the job done. You eat the cereal, you move on, and you keep the spoon ready.

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🥝 Memecoin harvest

These tokens woke up and chose absolute violence 🔥

Data as of 10:16 AM EST.

Check out these memecoins and plenty more here.

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💸 Cash out, code in

Cash these days is starting to feel like the fax machine - you get why it made sense, but c'mon, there are better ways to move money now...

That's basically the vibe Standard Chartered's CEO, Bill Winters, brought to Hong Kong FinTech Week when he said that pretty much all transactions will settle on blockchains eventually.

Standard Chartered Group CEO Bill Winters at Hong Kong FinTech Week

Source: Hong Kong FinTech Week

By that, he means that current systems - payments, trade finance, FX settlement, even cross-border transfers - will move from traditional rails (banks, clearing houses, ledgers) into blockchain.

His logic: blockchain infrastructure offers settlement that is faster, more transparent and lower cost, which will allow digital money to become the norm rather than the exception.

Winters called it a "complete rewiring of the financial system."

Looking at phone happy

Now, his point wasn't that crypto is replacing banks - it's that banks themselves are moving onto crypto-style infrastructure.

Standard Chartered itself is already testing tokenized deposits and HK-dollar-backed stablecoins in Hong Kong.

Winters did say that no one knows exactly how this plays out, or which model wins. But the direction's clear: TradFi is no longer fighting blockchain, it's merging with it.

And when banks that move trillions start building on-chain, the game changes - regulation tightens, infrastructure scales, and liquidity deepens.

So yeah, the fax machine's still in the office. It still works. But if the banks are already switching to email, maybe it's time to check your inbox.