The national banks regulator OCC released a statement signaling a shift in rules that will have significant crypto market consequences across the United States. What to know : The U.S. federal banking regulator has signaled a shift allowing banks to engage in crypto trading services, potentially reshaping competition in the trading sector. JPMorgan is exploring crypto trading services for institutional investors, following new guidance from the Office of the Comptroller of the Currency. The OCC's guidance allows banks to facilitate 'riskless principal' crypto transactions, enabling them to broker trades without holding inventory or taking market risk.

[Trump Claims U.S. Economic Data Performance Attributed to Tariff Policy] U.S. President Trump stated that the tariff policy contributed to the performance of the latest U.S. economic data and believes the situation will continue to improve in the future. Additionally, he pointed out that there is no inflation in the U.S., and the national security situation is stable.

[Grayscale Transfers Approximately 616 BTC to Coinbase Prime] According to Arkham monitoring, Grayscale transferred approximately 615.961 BTC, valued at around $53.94 million, to Coinbase Prime through the Bitcoin Exchange Traded Fund and Bitcoin Mini Trust Fund.

[USDe Market Cap Drops to Approximately $6.4 Billion Following Trust Crisis and October Crash] According to a report by 10x Research, Ethena's synthetic stablecoin USDe has seen its market cap evaporate by approximately $8.3 billion since the market crash on October 10, dropping from $14.7 billion on October 9 to the current level of around $6.4 billion, nearly halving in value. The October 10 market crash was the largest liquidation event in the history of the crypto market, resulting in over $19 billion in crypto positions being liquidated and a total market cap loss of approximately $1.3 trillion, accounting for nearly 30% of the total market cap at the time. During this period, USDe briefly depegged to around $0.65. Ethena Labs founder Guy Young stated that this temporary depegging was caused by an internal oracle issue at the exchange and not due to problems with the protocol or collateral assets. Currently, the USDe price has recovered to $0.9987, but market activity remains weak, with trading volume down by approximately 50%. Additionally, U.S.-listed Bitcoin spot ETFs have seen net outflows of about $5 billion since the end of October. Analysts point out that this is primarily due to the withdrawal of institutional capital rather than retail sell-offs.

The decline comes as bitcoin sank back to $87,000 in Tuesday trade. What to know : The price of BNB has dropped over 1.5% over the past 24 hours to around $850. The decline comes amid a wider market drawdown, with bitcoin pulling back to the $87,000 level. Traders expect consolidation between $850 and $870, with a potential break above that range leading to a move towards $900.