dYdX To Direct Fees to Stakers, Taiwan Introduces Crypto Bill

U.S. equity indices are mixed today despite U-Mich 1-Year inflation expectations rising to 4.2% vs 3.8% expected, and consumer personal spending rising 0.7% MoM vs. 0.5% expected. The SPY is down 0.36% while the QQQ has risen 0.62%. Crypto markets are cooling off after a strong week, with BTC (-1.65%) trading just below $33.6k and ETH (-2.76%) trading around $1,750. Total crypto ETP and OTC assets under management jumped 6.74% to $31.7 billion in October, marking the first increase since July. Products tied to SOL -1.08%  added 74.1% in value, rising to $140 million ahead of Solana Breakpoint. These numbers coincide with various crypto metrics discussed in our latest Crypto Strategy note, potentially signaling this rally has legs.