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❤11
🚀 Daily Market Brief (Oct 17, 2025 | Credit Fears Hit Risk Assets, BTC Breaks Below 110K)
Summary
Macro Environment: Credit concerns swept global markets after two U.S. regional banks disclosed rising bad loans, sparking fears of broader credit deterioration. Major indexes fell sharply as investors fled to safe-haven assets — gold and silver both hit record highs. Diverging views resurfaced within the Federal Reserve on the pace of rate cuts, while markets priced in three cuts for 2025.
Crypto Market: Sentiment plunged into “Extreme Fear”, with Bitcoin breaking below $110K and its dominance rising to 59%. The AI sector outperformed on tech optimism, while most altcoins remained under selling pressure.
Project Developments
Hot Tokens: PAXG, COAI, ZORA
PAXG/XAUT: Gold surged for the fifth consecutive day, breaking $4,300 for the first time, driving up gold-backed stablecoins.
COAI: OKX listed COAI perpetuals; bullish developments from Oracle and TSMC lifted AI market sentiment.
ZORA: Introduced the “Believe Fund”, pledging 20 million ZORA tokens to support emerging creators over the coming months.
Major Asset Movements
🧭 Crypto Fear & Greed Index: 23 (down from 28) — Extreme Fear
Today’s Outlook
🇺🇸 U.S. SEC Crypto Task Force to host the Financial Regulation & Privacy Roundtable (Oct 17).
🔓 DBR Unlock: 17.01% of circulating supply (~$16.6M).
Macro Economy
💬 Fed Split on Rate Cuts: Governor Waller urged caution, while nominee Milan called for a 50 bps cut.
🏛️ U.S. Government Shutdown: Continues after the Senate rejected a temporary funding bill for the tenth time.
Policy Developments
🇦🇺 Australia announced strict measures targeting crypto ATMs to curb illegal activity.
📰 Financial Times: Trump family reportedly earned over $1B through crypto-related ventures in one year.
🇬🇧 U.K. proposed a compensation mechanism for victims of a 61,000 BTC fraud case.
Industry Highlights
⚖️ A coalition of crypto lawyers is preparing to sue Binance, alleging insider trading and involvement in the recent flash crash that wiped billions.
💰 Coinbase launched “Coinbase Business”, a stablecoin payments platform targeting enterprise users.
💼 Ripple announced a $1B acquisition of GTreasury, a financial management systems firm.
🧠 YZi Labs invested in Temple Digital Group, which focuses on privacy-compliant trading infrastructure.
This Week’s Outlook
Oct 17: SEC Crypto Task Force roundtable on financial regulation & privacy; DBR unlock (17.01%, ~$16.6M).
Oct 18: SEC decision deadline for Grayscale’s XRP ETF.
Summary
Macro Environment: Credit concerns swept global markets after two U.S. regional banks disclosed rising bad loans, sparking fears of broader credit deterioration. Major indexes fell sharply as investors fled to safe-haven assets — gold and silver both hit record highs. Diverging views resurfaced within the Federal Reserve on the pace of rate cuts, while markets priced in three cuts for 2025.
Crypto Market: Sentiment plunged into “Extreme Fear”, with Bitcoin breaking below $110K and its dominance rising to 59%. The AI sector outperformed on tech optimism, while most altcoins remained under selling pressure.
Project Developments
Hot Tokens: PAXG, COAI, ZORA
PAXG/XAUT: Gold surged for the fifth consecutive day, breaking $4,300 for the first time, driving up gold-backed stablecoins.
COAI: OKX listed COAI perpetuals; bullish developments from Oracle and TSMC lifted AI market sentiment.
ZORA: Introduced the “Believe Fund”, pledging 20 million ZORA tokens to support emerging creators over the coming months.
Major Asset Movements
🧭 Crypto Fear & Greed Index: 23 (down from 28) — Extreme Fear
Today’s Outlook
🇺🇸 U.S. SEC Crypto Task Force to host the Financial Regulation & Privacy Roundtable (Oct 17).
🔓 DBR Unlock: 17.01% of circulating supply (~$16.6M).
Macro Economy
💬 Fed Split on Rate Cuts: Governor Waller urged caution, while nominee Milan called for a 50 bps cut.
🏛️ U.S. Government Shutdown: Continues after the Senate rejected a temporary funding bill for the tenth time.
Policy Developments
🇦🇺 Australia announced strict measures targeting crypto ATMs to curb illegal activity.
📰 Financial Times: Trump family reportedly earned over $1B through crypto-related ventures in one year.
🇬🇧 U.K. proposed a compensation mechanism for victims of a 61,000 BTC fraud case.
Industry Highlights
⚖️ A coalition of crypto lawyers is preparing to sue Binance, alleging insider trading and involvement in the recent flash crash that wiped billions.
💰 Coinbase launched “Coinbase Business”, a stablecoin payments platform targeting enterprise users.
💼 Ripple announced a $1B acquisition of GTreasury, a financial management systems firm.
🧠 YZi Labs invested in Temple Digital Group, which focuses on privacy-compliant trading infrastructure.
This Week’s Outlook
Oct 17: SEC Crypto Task Force roundtable on financial regulation & privacy; DBR unlock (17.01%, ~$16.6M).
Oct 18: SEC decision deadline for Grayscale’s XRP ETF.
❤2
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Share $10,000 Livestream Rewards → Based on your live stream total views
How to Gain MORE Views?
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Explain to viewers during your stream:
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2025.10.20 (Industry Update)
Credit Risk Eases, But Crypto Market Rebound Remains Limited
Macro Environment: Hopes for easing trade tensions were rekindled, and stronger-than-expected regional bank earnings alleviated last Thursday’s fears over deteriorating credit quality. U.S. equities rebounded, recovering most of the prior week’s losses.
Crypto Market: As credit risks did not worsen further, market sentiment stabilized. Over the weekend, Bitcoin rebounded to a high of $109,445. Bitcoin dominance declined, indicating that altcoins slightly outperformed major assets, though overall market sentiment remains in fear.
Project Developments
Hot Tokens: TAO, SNX, LDO, XRP, ZBT
TAO: Grayscale filed with the SEC to launch a TAO Trust product; DCG made a $10 million strategic investment in Bittensor.
SNX: Synthetix to launch a Perp DEX on Ethereum mainnet.
LDO: VanEck filed an S-1 for its Lido Staking ETF.
XRP: Ripple Labs is leading a $1 billion fundraising round aimed at building an XRP token reserve.
ZBT: Upbit listed ZBT against KRW, BTC, and USDT.
Crypto Fear & Greed Index: 29 (unchanged from 24 hours ago), indicating “Fear.”
Today’s Outlook
Ethereal, a spot and perpetual trading platform built on USDe, launches Mainnet Alpha.
LayerZero (ZRO) unlocks approximately 25.71 million tokens (≈$44.2M).
Hyperliquid ecosystem DEX project HyperSwap hints at a TGE.
Macro Developments
Trump denies maintaining high tariffs on China.
“Fed Whisperer”: Lack of key economic data may lock in a 25 bps rate cut path.
BoJ Deputy Governor Uchida Shinichi: “If economic and price trends align with forecasts, rate hikes will continue.”
China and U.S. trade representatives held a video call and agreed to conduct a new round of trade talks soon.
Policy Updates
California Governor Gavin Newsom signed the state’s first Bitcoin and crypto regulatory bill into law.
The Bank of England plans to implement stablecoin regulations by end-2026.
Japan’s Financial Services Agency plans to allow banks to acquire and hold cryptocurrencies as investments.
Major Japanese banks will issue stablecoins for commercial use.
Andrew Cuomo, NYC mayoral candidate, proposes to make New York a crypto hub.
Shanghai unveiled multiple blockchain innovation applications, including in shipping trade, finance, and social governance.
Industry Highlights
Michael Saylor posted new Tracker data and may disclose additional Bitcoin purchases next week.
Bloomberg: Binance and other crypto companies are under French anti–money laundering investigations.
MoonPay launched its unified crypto payment platform, MoonPay Commerce.
Sources say Polymarket plans to issue a token after re-entering the U.S. market, likely not before 2026.
Vitalik: The efficiency of ZK-Provers lies in not having to commit to any intermediate data layers.
Bitcoin hash rate reached a historic high of 1,161 Eh/s.
This Week’s Outlook
Oct 20: Ethereal launches Mainnet Alpha; LayerZero (ZRO) unlock (25.71M tokens, ≈$44.2M); HyperSwap TGE hint.
Oct 21: Fed Payments Innovation Conference — discussions on stablecoin use cases, tokenization of financial products/services; opening remarks by Fed Governor Waller; keynote by Treasury Secretary Bessent.
Oct 22: ETHShanghai 2025 main summit opens, featuring 40+ industry leaders discussing Ethereum’s core development topics; Tesla Q3 earnings release.
Oct 23: Wanxiang 11th Global Blockchain Summit; Solana ecosystem liquidity protocol Meteora TGE.
Oct 24: Release of U.S. September CPI report; U.S. October Markit Manufacturing PMI data.
Oct 25: Plasma (XPL) unlock of 88.89M tokens (~$36.9M).
Credit Risk Eases, But Crypto Market Rebound Remains Limited
Macro Environment: Hopes for easing trade tensions were rekindled, and stronger-than-expected regional bank earnings alleviated last Thursday’s fears over deteriorating credit quality. U.S. equities rebounded, recovering most of the prior week’s losses.
Crypto Market: As credit risks did not worsen further, market sentiment stabilized. Over the weekend, Bitcoin rebounded to a high of $109,445. Bitcoin dominance declined, indicating that altcoins slightly outperformed major assets, though overall market sentiment remains in fear.
Project Developments
Hot Tokens: TAO, SNX, LDO, XRP, ZBT
TAO: Grayscale filed with the SEC to launch a TAO Trust product; DCG made a $10 million strategic investment in Bittensor.
SNX: Synthetix to launch a Perp DEX on Ethereum mainnet.
LDO: VanEck filed an S-1 for its Lido Staking ETF.
XRP: Ripple Labs is leading a $1 billion fundraising round aimed at building an XRP token reserve.
ZBT: Upbit listed ZBT against KRW, BTC, and USDT.
Crypto Fear & Greed Index: 29 (unchanged from 24 hours ago), indicating “Fear.”
Today’s Outlook
Ethereal, a spot and perpetual trading platform built on USDe, launches Mainnet Alpha.
LayerZero (ZRO) unlocks approximately 25.71 million tokens (≈$44.2M).
Hyperliquid ecosystem DEX project HyperSwap hints at a TGE.
Macro Developments
Trump denies maintaining high tariffs on China.
“Fed Whisperer”: Lack of key economic data may lock in a 25 bps rate cut path.
BoJ Deputy Governor Uchida Shinichi: “If economic and price trends align with forecasts, rate hikes will continue.”
China and U.S. trade representatives held a video call and agreed to conduct a new round of trade talks soon.
Policy Updates
California Governor Gavin Newsom signed the state’s first Bitcoin and crypto regulatory bill into law.
The Bank of England plans to implement stablecoin regulations by end-2026.
Japan’s Financial Services Agency plans to allow banks to acquire and hold cryptocurrencies as investments.
Major Japanese banks will issue stablecoins for commercial use.
Andrew Cuomo, NYC mayoral candidate, proposes to make New York a crypto hub.
Shanghai unveiled multiple blockchain innovation applications, including in shipping trade, finance, and social governance.
Industry Highlights
Michael Saylor posted new Tracker data and may disclose additional Bitcoin purchases next week.
Bloomberg: Binance and other crypto companies are under French anti–money laundering investigations.
MoonPay launched its unified crypto payment platform, MoonPay Commerce.
Sources say Polymarket plans to issue a token after re-entering the U.S. market, likely not before 2026.
Vitalik: The efficiency of ZK-Provers lies in not having to commit to any intermediate data layers.
Bitcoin hash rate reached a historic high of 1,161 Eh/s.
This Week’s Outlook
Oct 20: Ethereal launches Mainnet Alpha; LayerZero (ZRO) unlock (25.71M tokens, ≈$44.2M); HyperSwap TGE hint.
Oct 21: Fed Payments Innovation Conference — discussions on stablecoin use cases, tokenization of financial products/services; opening remarks by Fed Governor Waller; keynote by Treasury Secretary Bessent.
Oct 22: ETHShanghai 2025 main summit opens, featuring 40+ industry leaders discussing Ethereum’s core development topics; Tesla Q3 earnings release.
Oct 23: Wanxiang 11th Global Blockchain Summit; Solana ecosystem liquidity protocol Meteora TGE.
Oct 24: Release of U.S. September CPI report; U.S. October Markit Manufacturing PMI data.
Oct 25: Plasma (XPL) unlock of 88.89M tokens (~$36.9M).
❤7
2025.10.21 (Industry Update)
Market Sentiment Rebounds Sharply as Bitcoin Returns to $110K amid Broad Rally
Macro Environment: Market sentiment improved significantly as trade tensions and U.S. credit fears eased, leading to a synchronized rally across major asset classes. U.S. equities, gold, and the dollar all rose, while Treasury yields declined. The S&P 500 recorded its largest two-day gain since June, and gold marked its sixth consecutive intraday all-time high.
Crypto Market: Renewed risk appetite lifted Bitcoin back above $110,000, driving a 1.9% increase in total crypto market capitalization. However, altcoin market cap and trading volume share declined, suggesting rotation toward major assets. The Fear & Greed Index rose to 34 (from 29), still in the fear zone, indicating cautious optimism and uncertainty about the sustainability of the rebound.
Project Developments
Hot Tokens: FLOKI, ENA, AVNT, ZEC, BIO, STRK
FLOKI: Elon Musk posted “Flōki is now CEO of X.”
ENA: Ethena’s founder revealed plans to launch two new products of similar scale to USDe within three months.
AVNT: Avantis TVL reached a new high of $106.3 million.
BIO: Upbit announced BIO listings with KRW, BTC, and USDT pairs.
STRK: Alpen Labs partnered with Starknet to develop a Bitcoin DeFi cross-chain bridge to enhance trust.
Crypto Fear & Greed Index: 34 (up from 29, still in “Fear” territory).
Upcoming Events
October 21: U.S. Federal Reserve’s Payments Innovation Conference, covering topics such as new stablecoin use cases, tokenized financial products, and digital finance models. Fed Governor Christopher Waller will give the opening remarks; Treasury Secretary Bessent will deliver the keynote. Chainlink and Circle representatives will also attend.
Macroeconomics
The U.S. Senate failed for the 11th time to pass the funding bill; the government shutdown continues.
White House advisor Hassett said the shutdown “may end sometime this week.”
In Japan, the LDP and Ishin no Kai signed a coalition agreement; Sanae Takaichi is likely to become the next Prime Minister.
Nick Timiraos (WSJ’s “Fed Whisperer”) reported that as the U.S. Treasury rebuilds its cash balance, bank reserves have fallen below 13% of total assets, a level New York Fed President Williams previously considered the threshold for “ample reserves.”
Policy Developments
British Columbia, Canada proposed legislation to permanently ban new crypto mining projects.
Fed Vice Chair Michael Barr expressed concerns over Bitcoin-backed stablecoins.
The U.S. Senate’s crypto legislation remains stalled; crypto executives are set to meet Democratic lawmakers this week to push for progress.
Industry Highlights
AWS experienced a large-scale outage, affecting thousands of users and disrupting operations for several crypto exchanges.
Solana published its first Chinese-language tweet introducing the name “索拉拉 (Solala).”
Solana co-founder Toly was rumored to be building a Perp DEX, later clarified as an AI-generated experimental test.
Strategy purchased 168 BTC (~$18.8 million) last week.
BitMine increased its holdings by 203,800 ETH, bringing its total to 3.24 million ETH.
Evernorth announced plans to go public on Nasdaq with a $1 billion fundraising target.
Greenlane Holdings launched a $110 million private placement to fund its BERA financial strategy.
Outlook for the Week
Oct 21: Fed Payments Innovation Conference (stablecoin use cases, tokenization of financial products).
Oct 22: ETHShanghai 2025 main summit opens with 40+ industry leaders; Tesla reports Q3 earnings.
Oct 23: Wanxiang Blockchain Global Summit begins; Meteora (Solana ecosystem liquidity protocol) to hold its TGE.
Oct 24: U.S. Bureau of Labor Statistics releases September CPI; October Markit Manufacturing PMI published.
Oct 25: Plasma (XPL) unlocks ~88.89 million tokens valued at ~$36.9 million.
Market Sentiment Rebounds Sharply as Bitcoin Returns to $110K amid Broad Rally
Macro Environment: Market sentiment improved significantly as trade tensions and U.S. credit fears eased, leading to a synchronized rally across major asset classes. U.S. equities, gold, and the dollar all rose, while Treasury yields declined. The S&P 500 recorded its largest two-day gain since June, and gold marked its sixth consecutive intraday all-time high.
Crypto Market: Renewed risk appetite lifted Bitcoin back above $110,000, driving a 1.9% increase in total crypto market capitalization. However, altcoin market cap and trading volume share declined, suggesting rotation toward major assets. The Fear & Greed Index rose to 34 (from 29), still in the fear zone, indicating cautious optimism and uncertainty about the sustainability of the rebound.
Project Developments
Hot Tokens: FLOKI, ENA, AVNT, ZEC, BIO, STRK
FLOKI: Elon Musk posted “Flōki is now CEO of X.”
ENA: Ethena’s founder revealed plans to launch two new products of similar scale to USDe within three months.
AVNT: Avantis TVL reached a new high of $106.3 million.
BIO: Upbit announced BIO listings with KRW, BTC, and USDT pairs.
STRK: Alpen Labs partnered with Starknet to develop a Bitcoin DeFi cross-chain bridge to enhance trust.
Crypto Fear & Greed Index: 34 (up from 29, still in “Fear” territory).
Upcoming Events
October 21: U.S. Federal Reserve’s Payments Innovation Conference, covering topics such as new stablecoin use cases, tokenized financial products, and digital finance models. Fed Governor Christopher Waller will give the opening remarks; Treasury Secretary Bessent will deliver the keynote. Chainlink and Circle representatives will also attend.
Macroeconomics
The U.S. Senate failed for the 11th time to pass the funding bill; the government shutdown continues.
White House advisor Hassett said the shutdown “may end sometime this week.”
In Japan, the LDP and Ishin no Kai signed a coalition agreement; Sanae Takaichi is likely to become the next Prime Minister.
Nick Timiraos (WSJ’s “Fed Whisperer”) reported that as the U.S. Treasury rebuilds its cash balance, bank reserves have fallen below 13% of total assets, a level New York Fed President Williams previously considered the threshold for “ample reserves.”
Policy Developments
British Columbia, Canada proposed legislation to permanently ban new crypto mining projects.
Fed Vice Chair Michael Barr expressed concerns over Bitcoin-backed stablecoins.
The U.S. Senate’s crypto legislation remains stalled; crypto executives are set to meet Democratic lawmakers this week to push for progress.
Industry Highlights
AWS experienced a large-scale outage, affecting thousands of users and disrupting operations for several crypto exchanges.
Solana published its first Chinese-language tweet introducing the name “索拉拉 (Solala).”
Solana co-founder Toly was rumored to be building a Perp DEX, later clarified as an AI-generated experimental test.
Strategy purchased 168 BTC (~$18.8 million) last week.
BitMine increased its holdings by 203,800 ETH, bringing its total to 3.24 million ETH.
Evernorth announced plans to go public on Nasdaq with a $1 billion fundraising target.
Greenlane Holdings launched a $110 million private placement to fund its BERA financial strategy.
Outlook for the Week
Oct 21: Fed Payments Innovation Conference (stablecoin use cases, tokenization of financial products).
Oct 22: ETHShanghai 2025 main summit opens with 40+ industry leaders; Tesla reports Q3 earnings.
Oct 23: Wanxiang Blockchain Global Summit begins; Meteora (Solana ecosystem liquidity protocol) to hold its TGE.
Oct 24: U.S. Bureau of Labor Statistics releases September CPI; October Markit Manufacturing PMI published.
Oct 25: Plasma (XPL) unlocks ~88.89 million tokens valued at ~$36.9 million.
❤2
2025.10.22 (Industry Update)
Nasdaq Hits Record High as Gold Plunges; Bitcoin Slides Back to $108K After Volatile Swings
Macro Environment: The U.S. government shutdown has entered its 21st day. Supported by strong corporate earnings, the Dow Jones Industrial Average hit an intraday record high, while the Nasdaq closed lower and the S&P 500 barely stayed flat. Expectations that next week’s trade talks may ease tensions weakened safe-haven demand, leading to profit-taking and sell-offs in gold and silver.
Crypto Market: A rare divergence occurred with “digital gold” rising while physical gold fell. Bitcoin surged over 6% from the daily low to hit $114K, but quickly retreated to $108K. Market sentiment remains fragile, and volatility is likely to remain the dominant theme in the short term.
Project Updates
Hot Tokens: KTA, RIVER, FF, COAI, XPIN
KTA: Coinbase announced it will soon list Keeta (KTA).
RIVER: Launched its Supercharged Recurring Buys strategy with zero fees.
FF: Began Perryverse NFT whitelist minting on October 22.
XPIN: Announced a partnership with MIMBO to integrate its incentive mechanism into XPIN’s DePIN network.
Crypto Fear & Greed Index: 23 (down from 28 twenty-four hours ago) — Level: Extreme Fear
Today’s Outlook
ETHShanghai 2025 Main Summit officially opens, featuring over 40 industry leaders discussing core Ethereum development topics.
Tesla releases its Q3 earnings report.
Macroeconomics
U.S. President Donald Trump: “Fed Chair Jerome Powell is about to leave. There’s a hardliner in the Fed—interest rates are too high.”
Reuters Survey: The Federal Reserve is expected to cut rates twice more this year, though the 2026 rate path remains highly uncertain.
Trump: “Ukraine still has a chance to reach a ceasefire with Russia; an update on the Russia-Ukraine situation will be announced within two days.”
Policy Direction
According to crypto journalist Eleanor Terrett, the Federal Reserve proposed launching a “streamlined master account” to provide direct payment access for fintech firms and stablecoin issuers.
Hong Kong Stock Exchange and two other major Asia-Pacific exchanges are reportedly resisting the trend of listed companies accumulating crypto assets as core business holdings.
Bloomberg ETF Analyst Eric Balchunas noted there are now 155 crypto ETF filings tracking 35 different crypto assets.
Senator Elizabeth Warren criticized the stablecoin bill, urging the Treasury Department to guard against Trump-related risks.
Senator Cynthia Lummis voiced support for open banking rules, highlighting the importance of digital assets.
Bank of Japan Deputy Governor: “Stablecoins could become key participants in the payment system, partially replacing bank deposits.”
Industry Highlights
ProShares officially filed to list its ProShares CoinDesk Crypto 20 ETF on the NYSE.
DraftKings announced the acquisition of CFTC-regulated exchange Railbird Technologies, expanding into prediction markets and event contracts.
Gemini U.K. Head Slutzkin said that crypto ownership among U.K. retail investors rose from 18% last year to 24%, making the U.K. a key market for the company.
Solana announced it will end support for the Saga phone, just two years after its launch.
U.K. government officials met with OKX CEO Star to jointly promote a transparent, innovative, and well-regulated digital asset ecosystem.
YZi Labs led Sign’s $25.5 million strategic funding round.
Galaxy Digital reported Q3 net income exceeding $500 million, selling over 80,000 BTC on behalf of clients.
This Week’s Outlook
October 22: ETHShanghai 2025 Main Summit opens; 40+ industry leaders discuss Ethereum development; Tesla releases Q3 earnings.
October 23: Wanxiang 11th Global Blockchain Summit; Solana ecosystem liquidity protocol Meteora conducts TGE.
October 24: U.S. Bureau of Labor Statistics releases September CPI; October Markit Manufacturing PMI data announced.
October 25: Plasma (XPL) unlocks ~88.89 million tokens, valued at approximately $36.9 million.
Nasdaq Hits Record High as Gold Plunges; Bitcoin Slides Back to $108K After Volatile Swings
Macro Environment: The U.S. government shutdown has entered its 21st day. Supported by strong corporate earnings, the Dow Jones Industrial Average hit an intraday record high, while the Nasdaq closed lower and the S&P 500 barely stayed flat. Expectations that next week’s trade talks may ease tensions weakened safe-haven demand, leading to profit-taking and sell-offs in gold and silver.
Crypto Market: A rare divergence occurred with “digital gold” rising while physical gold fell. Bitcoin surged over 6% from the daily low to hit $114K, but quickly retreated to $108K. Market sentiment remains fragile, and volatility is likely to remain the dominant theme in the short term.
Project Updates
Hot Tokens: KTA, RIVER, FF, COAI, XPIN
KTA: Coinbase announced it will soon list Keeta (KTA).
RIVER: Launched its Supercharged Recurring Buys strategy with zero fees.
FF: Began Perryverse NFT whitelist minting on October 22.
XPIN: Announced a partnership with MIMBO to integrate its incentive mechanism into XPIN’s DePIN network.
Crypto Fear & Greed Index: 23 (down from 28 twenty-four hours ago) — Level: Extreme Fear
Today’s Outlook
ETHShanghai 2025 Main Summit officially opens, featuring over 40 industry leaders discussing core Ethereum development topics.
Tesla releases its Q3 earnings report.
Macroeconomics
U.S. President Donald Trump: “Fed Chair Jerome Powell is about to leave. There’s a hardliner in the Fed—interest rates are too high.”
Reuters Survey: The Federal Reserve is expected to cut rates twice more this year, though the 2026 rate path remains highly uncertain.
Trump: “Ukraine still has a chance to reach a ceasefire with Russia; an update on the Russia-Ukraine situation will be announced within two days.”
Policy Direction
According to crypto journalist Eleanor Terrett, the Federal Reserve proposed launching a “streamlined master account” to provide direct payment access for fintech firms and stablecoin issuers.
Hong Kong Stock Exchange and two other major Asia-Pacific exchanges are reportedly resisting the trend of listed companies accumulating crypto assets as core business holdings.
Bloomberg ETF Analyst Eric Balchunas noted there are now 155 crypto ETF filings tracking 35 different crypto assets.
Senator Elizabeth Warren criticized the stablecoin bill, urging the Treasury Department to guard against Trump-related risks.
Senator Cynthia Lummis voiced support for open banking rules, highlighting the importance of digital assets.
Bank of Japan Deputy Governor: “Stablecoins could become key participants in the payment system, partially replacing bank deposits.”
Industry Highlights
ProShares officially filed to list its ProShares CoinDesk Crypto 20 ETF on the NYSE.
DraftKings announced the acquisition of CFTC-regulated exchange Railbird Technologies, expanding into prediction markets and event contracts.
Gemini U.K. Head Slutzkin said that crypto ownership among U.K. retail investors rose from 18% last year to 24%, making the U.K. a key market for the company.
Solana announced it will end support for the Saga phone, just two years after its launch.
U.K. government officials met with OKX CEO Star to jointly promote a transparent, innovative, and well-regulated digital asset ecosystem.
YZi Labs led Sign’s $25.5 million strategic funding round.
Galaxy Digital reported Q3 net income exceeding $500 million, selling over 80,000 BTC on behalf of clients.
This Week’s Outlook
October 22: ETHShanghai 2025 Main Summit opens; 40+ industry leaders discuss Ethereum development; Tesla releases Q3 earnings.
October 23: Wanxiang 11th Global Blockchain Summit; Solana ecosystem liquidity protocol Meteora conducts TGE.
October 24: U.S. Bureau of Labor Statistics releases September CPI; October Markit Manufacturing PMI data announced.
October 25: Plasma (XPL) unlocks ~88.89 million tokens, valued at approximately $36.9 million.
Industry Update
October 23, 2025 (Industry Update)
Global Headlines Weigh on Market Sentiment; Bitcoin Finds Support at 106K
Macro Environment: Ongoing trade and geopolitical developments continued to dampen market sentiment. Reports indicate that the U.S. government plans to restrict software-driven product exports to China, while Treasury Secretary Besant stated that the U.S. will significantly increase sanctions on Russia. Earnings from Netflix and Texas Instruments came in weak, leaving U.S. equities lacking upward momentum. Gold prices rebounded slightly during U.S. trading hours but ended the day lower.
Crypto Market: The crypto market saw mild consolidation. Bitcoin fell below 108K again after the U.S. trade headlines but found support at 106K. Total crypto market capitalization dropped 4.2%, with altcoins maintaining a 40% share. Market sentiment remains fearful, as traders await new catalysts.
Project Developments
Hot Tokens: BNB, CPOOL, HYPE
BNB: Robinhood lists BNB.
AAVE: Aave DAO proposed a plan for an “annual $50 million AAVE buyback.”
HYPE: Hyperliquid Strategies filed an S-1 form, seeking to raise up to $1 billion — potentially for HYPE token purchases.
CPOOL: Upbit and Bithumb announced listings of CPOOL.
Crypto Fear & Greed Index: 27 (previously 25, 24h ago) — Fear level
Today’s Outlook
Wanxiang’s 11th Global Blockchain Summit kicks off.
Solana ecosystem liquidity protocol Meteora conducts its TGE.
Macroeconomy
- U.S. national debt surpasses $38 trillion for the first time.
- The U.S. plans to restrict software-related exports to China.
- Government shutdown continues as the Senate rejects a temporary funding bill for the 12th time.
- The Federal Reserve plans to significantly ease capital increase requirements for large banks.
Policy Developments
- Liechtenstein launches a sovereign blockchain infrastructure.
- Crypto industry leaders convene on Capitol Hill to discuss market structure legislation.
- 155 crypto ETF applications pending approval in the U.S., led by Bitcoin and Solana.
- The Central Bank of Nigeria establishes a stablecoin task force as the eNaira project faces existential risks.
- Crypto firm Cryptomus fined $126 million by Canadian regulators.
- Russia’s Finance Ministry and Central Bank agree to legalize crypto payments for foreign trade.
Industry Highlights
- Hong Kong’s SFC officially approves the first Solana (SOL) spot ETF.
- Tokenized stock trading volume on Solana surged 190x from Q2 to Q3.
- The NHL signs a licensing deal with Polymarket.
- Aerodrome to launch its token issuance platform, Aero Launch.
- Tesla did not sell any Bitcoin during Q3 2025.
- Nasdaq partners with DTC, initially offering digital securities trading on select blockchains while retaining traditional settlement timelines.
- a16z: Stablecoin annual transaction volume hits $46 trillion, 20x that of PayPal.
- FalconX to acquire ETF management firm 21Shares.
- Arthur Hayes on Japan’s new economic policy: “It will propel Bitcoin to $1 million.”
This Week’s Outlook
October 23: Wanxiang’s 11th Global Blockchain Summit; Meteora TGE (Solana ecosystem).
October 24: U.S. Labor Department releases September CPI; U.S. October Markit Manufacturing PMI.
October 25: Plasma (XPL) unlocks ~88.89 million tokens valued at ~$36.9 million.
October 23, 2025 (Industry Update)
Global Headlines Weigh on Market Sentiment; Bitcoin Finds Support at 106K
Macro Environment: Ongoing trade and geopolitical developments continued to dampen market sentiment. Reports indicate that the U.S. government plans to restrict software-driven product exports to China, while Treasury Secretary Besant stated that the U.S. will significantly increase sanctions on Russia. Earnings from Netflix and Texas Instruments came in weak, leaving U.S. equities lacking upward momentum. Gold prices rebounded slightly during U.S. trading hours but ended the day lower.
Crypto Market: The crypto market saw mild consolidation. Bitcoin fell below 108K again after the U.S. trade headlines but found support at 106K. Total crypto market capitalization dropped 4.2%, with altcoins maintaining a 40% share. Market sentiment remains fearful, as traders await new catalysts.
Project Developments
Hot Tokens: BNB, CPOOL, HYPE
BNB: Robinhood lists BNB.
AAVE: Aave DAO proposed a plan for an “annual $50 million AAVE buyback.”
HYPE: Hyperliquid Strategies filed an S-1 form, seeking to raise up to $1 billion — potentially for HYPE token purchases.
CPOOL: Upbit and Bithumb announced listings of CPOOL.
Crypto Fear & Greed Index: 27 (previously 25, 24h ago) — Fear level
Today’s Outlook
Wanxiang’s 11th Global Blockchain Summit kicks off.
Solana ecosystem liquidity protocol Meteora conducts its TGE.
Macroeconomy
- U.S. national debt surpasses $38 trillion for the first time.
- The U.S. plans to restrict software-related exports to China.
- Government shutdown continues as the Senate rejects a temporary funding bill for the 12th time.
- The Federal Reserve plans to significantly ease capital increase requirements for large banks.
Policy Developments
- Liechtenstein launches a sovereign blockchain infrastructure.
- Crypto industry leaders convene on Capitol Hill to discuss market structure legislation.
- 155 crypto ETF applications pending approval in the U.S., led by Bitcoin and Solana.
- The Central Bank of Nigeria establishes a stablecoin task force as the eNaira project faces existential risks.
- Crypto firm Cryptomus fined $126 million by Canadian regulators.
- Russia’s Finance Ministry and Central Bank agree to legalize crypto payments for foreign trade.
Industry Highlights
- Hong Kong’s SFC officially approves the first Solana (SOL) spot ETF.
- Tokenized stock trading volume on Solana surged 190x from Q2 to Q3.
- The NHL signs a licensing deal with Polymarket.
- Aerodrome to launch its token issuance platform, Aero Launch.
- Tesla did not sell any Bitcoin during Q3 2025.
- Nasdaq partners with DTC, initially offering digital securities trading on select blockchains while retaining traditional settlement timelines.
- a16z: Stablecoin annual transaction volume hits $46 trillion, 20x that of PayPal.
- FalconX to acquire ETF management firm 21Shares.
- Arthur Hayes on Japan’s new economic policy: “It will propel Bitcoin to $1 million.”
This Week’s Outlook
October 23: Wanxiang’s 11th Global Blockchain Summit; Meteora TGE (Solana ecosystem).
October 24: U.S. Labor Department releases September CPI; U.S. October Markit Manufacturing PMI.
October 25: Plasma (XPL) unlocks ~88.89 million tokens valued at ~$36.9 million.
Reward Announcement
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Streamers' [Incentive & Bonus Task] rewards for the past week have been successfully sent to your KuCoin Spot account.
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To help everyone better understand and experience Futures trading, and to encourage more active participation in our KuCoin Futures events, we’ve distributed 400 USDT in Futures trial funds (non-withdrawable) to all active streamers.
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2025.10.24 (Industry Update)
U.S.-China Trade Talks Lift Market Sentiment; Trump Pardons CZ
Macro Environment:
News that the U.S. and China will hold consultations on trade issues boosted market sentiment, with all three major U.S. stock indices closing higher. The U.S. dollar remained steady, while the 10-year Treasury yield rose to 4%. Renewed risk appetite outweighed uncertainty ahead of Friday’s CPI release. Gold rebounded after two days of decline, and oil prices surged sharply due to new sanctions on Russia — indicating that commodities remain heavily influenced by geopolitical tensions.
Crypto Market:
U.S. President Donald Trump’s pardon of Binance founder CZ triggered a wave of optimism across crypto markets. The total crypto market cap rose 1.23%, with Bitcoin hitting a high of $111,000, pushing its dominance up to 59.2%. Altcoins showed a mild recovery in activity, with their trading volume share rising to 64.3%, though overall market volume still fell by 18.3%. Overall, market liquidity remained weak; investor sentiment improved slightly but stayed within the fear zone.
Project Developments:
Trending Tokens: ASTER, WLFI, YB
ASTER: Launched Rocket Launch, a liquidity support platform for early-stage projects.
CZ-related tokens such as BNB, ASTER, and WLFI surged after the pardon; rumors suggest CZ may serve as an advisor to WLFI.
YB: YieldBasis management fee will drive token value accrual; veYB holders will receive added benefits.
HYPE: Listed for spot trading on Robinhood.
Major Asset Performance
Crypto Fear & Greed Index: 30 (previous 27) — Fear level
Today’s Outlook
U.S. Bureau of Labor Statistics releases September CPI Report
U.S. October Markit Manufacturing PMI to be announced
Macro Developments
- The White House stated that a Trump-Putin summit is “not entirely off the table,” while Putin said the Budapest meeting is “postponed, not canceled.”
- U.S. and China to hold trade consultations in Malaysia from Oct 24–27.
- The U.S. imposed sanctions on two major Russian oil companies; the EU approved a new sanctions package against Russia.
- JPMorgan and Bank of America predict the Fed may end its balance sheet reduction earlier than expected this month.
Policy Updates
- Trump pardons Binance founder CZ.
- Coinbase CEO: The Bitcoin Market Structure Bill enjoys “strong bipartisan support” and may soon pass; David Sacks added that clear regulatory frameworks for crypto could arrive this year.
- Japan plans to ban banks and insurance firms from selling cryptocurrencies, while securities firms may receive limited approval.
- UK FCA filed a lawsuit against HTX as part of its crypto enforcement campaign.
- EU to ban trading of Russian-linked stablecoin A7A5 starting Nov 25.
- Blockchain, Revolut, and Relai obtained MiCA licenses; Plasma has submitted its application.
Industry Highlights
- Jupiter plans to fully launch a new prediction market by 2026.
- Kraken raised $500 million in September, valuing the firm at $15 billion, with plans to go public in Q1 2026.
- Polymarket is seeking funding at a valuation of up to $15 billion.
- Fidelity Digital Assets now supports SOL custody and trading.
- Tokyo-listed Quantum Solutions purchased 2,365 ETH in 7 days, becoming Japan’s largest corporate ETH holder.
This Week’s Outlook
Oct 24: U.S. September CPI Report; U.S. October Markit Manufacturing PMI
Oct 25: Plasma (XPL) token unlock — approximately 88.89 million tokens worth $36.9 million
U.S.-China Trade Talks Lift Market Sentiment; Trump Pardons CZ
Macro Environment:
News that the U.S. and China will hold consultations on trade issues boosted market sentiment, with all three major U.S. stock indices closing higher. The U.S. dollar remained steady, while the 10-year Treasury yield rose to 4%. Renewed risk appetite outweighed uncertainty ahead of Friday’s CPI release. Gold rebounded after two days of decline, and oil prices surged sharply due to new sanctions on Russia — indicating that commodities remain heavily influenced by geopolitical tensions.
Crypto Market:
U.S. President Donald Trump’s pardon of Binance founder CZ triggered a wave of optimism across crypto markets. The total crypto market cap rose 1.23%, with Bitcoin hitting a high of $111,000, pushing its dominance up to 59.2%. Altcoins showed a mild recovery in activity, with their trading volume share rising to 64.3%, though overall market volume still fell by 18.3%. Overall, market liquidity remained weak; investor sentiment improved slightly but stayed within the fear zone.
Project Developments:
Trending Tokens: ASTER, WLFI, YB
ASTER: Launched Rocket Launch, a liquidity support platform for early-stage projects.
CZ-related tokens such as BNB, ASTER, and WLFI surged after the pardon; rumors suggest CZ may serve as an advisor to WLFI.
YB: YieldBasis management fee will drive token value accrual; veYB holders will receive added benefits.
HYPE: Listed for spot trading on Robinhood.
Major Asset Performance
Crypto Fear & Greed Index: 30 (previous 27) — Fear level
Today’s Outlook
U.S. Bureau of Labor Statistics releases September CPI Report
U.S. October Markit Manufacturing PMI to be announced
Macro Developments
- The White House stated that a Trump-Putin summit is “not entirely off the table,” while Putin said the Budapest meeting is “postponed, not canceled.”
- U.S. and China to hold trade consultations in Malaysia from Oct 24–27.
- The U.S. imposed sanctions on two major Russian oil companies; the EU approved a new sanctions package against Russia.
- JPMorgan and Bank of America predict the Fed may end its balance sheet reduction earlier than expected this month.
Policy Updates
- Trump pardons Binance founder CZ.
- Coinbase CEO: The Bitcoin Market Structure Bill enjoys “strong bipartisan support” and may soon pass; David Sacks added that clear regulatory frameworks for crypto could arrive this year.
- Japan plans to ban banks and insurance firms from selling cryptocurrencies, while securities firms may receive limited approval.
- UK FCA filed a lawsuit against HTX as part of its crypto enforcement campaign.
- EU to ban trading of Russian-linked stablecoin A7A5 starting Nov 25.
- Blockchain, Revolut, and Relai obtained MiCA licenses; Plasma has submitted its application.
Industry Highlights
- Jupiter plans to fully launch a new prediction market by 2026.
- Kraken raised $500 million in September, valuing the firm at $15 billion, with plans to go public in Q1 2026.
- Polymarket is seeking funding at a valuation of up to $15 billion.
- Fidelity Digital Assets now supports SOL custody and trading.
- Tokyo-listed Quantum Solutions purchased 2,365 ETH in 7 days, becoming Japan’s largest corporate ETH holder.
This Week’s Outlook
Oct 24: U.S. September CPI Report; U.S. October Markit Manufacturing PMI
Oct 25: Plasma (XPL) token unlock — approximately 88.89 million tokens worth $36.9 million
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2025.10.27 (Industry Update)
Inflation and Trade Optimism Boost Risk Assets — Bitcoin Rebounds to 115.5K
Macro Environment:
U.S. September CPI growth came in lower than expected, easing concerns over future inflation and strengthening market bets on more aggressive Fed rate cuts. U.S. equities rallied throughout the week, with the Dow Jones closing above 47,000 for the first time. Over the weekend, positive signals from China–U.S. trade talks further lifted sentiment, driving a broad rally in risk assets in early Monday trading.
Crypto Market:
Supported by encouraging macro data and trade optimism, the crypto market rebounded notably. Bitcoin surged to $115.5K, marking four consecutive days of gains. Altcoin trading activity rose sharply, with altcoin trading volume share climbing to 68.6% and market cap share to 41.0%, reflecting a recovery in risk appetite across the crypto sector.
Project Highlights:
Hot Tokens: ZEC, VIRTUAL, AKT
ZEC: Zcash will undergo its halving on November 18, sparking rallies across privacy coins such as DASH and ZEN.
VIRTUAL: An AI agent launchpad on Base, benefiting from the “x402” meme frenzy led by the first token PING.
AKT: Co-hosted the Akash Hackathon with NVIDIA over the weekend.
ENA: USDe supply exceeded 5.8 billion, setting a new all-time high.
GIGGLE: Listed on Binance spot market, with prices surging 216% intraday to $290.
Upcoming Highlights
Hong Kong: The first Solana ETF, ChinaAMC Solana ETF, debuts on the Hong Kong Stock Exchange.
MegaETH: The MEGA token public sale begins on Sonar, an Echo ecosystem platform.
Macro Developments
U.S.–China Trade:
U.S. Treasury Secretary Bessent confirmed the U.S. will not impose the previously discussed 100% tariffs on Chinese goods.
China’s Vice Minister Li Chenggang noted that both sides held constructive discussions and reached initial consensus on key trade issues.
U.S.–Vietnam:
The two countries’ joint statement confirmed the U.S. will maintain a 20% tariff on Vietnamese imports.
U.S. White House: May skip publication of next month’s inflation data.
U.S. CPI Data: September headline CPI at 3.0% YoY (vs. 3.1% expected); core CPI also 3.0% YoY (vs. 3.1% expected).
Policy & Regulation
Singapore: The Monetary Authority of Singapore (MAS) launched an investigation into DW Capital Holdings, a local family office linked to the “Prince Group.”
U.S. Regulatory Appointments:
Donald Trump appointed Michael Selig as the new CFTC Chair. Selig previously served as the SEC Crypto Task Force’s chief advisor, signaling a more crypto-friendly regulatory stance.
Binance Lobbying:
Binance reportedly hired a close associate of Trump Jr. as a lobbyist, paying $450,000 over the past month to engage with the White House.
CZ Update:
CZ announced that Kyrgyzstan has established a national cryptocurrency reserve, including BNB holdings.
Industry Highlights
Kraken: Q3 revenue up 114% YoY, with total trading volume up 106% YoY.
Bloomberg: Since the introduction of U.S. crypto regulations, stablecoin payments surged 70%.
x402 Protocol: Weekly transaction count up 492.63% WoW.
Tether: Plans to launch USAT, a U.S.-compliant stablecoin, in December. CEO projects $15B annual profit with a 99% profit margin.
Crypto com: Applied for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC).
JPMorgan: Will allow Bitcoin and Ethereum to be used as collateral for institutional clients.
Polymarket: CMO confirmed plans to launch a native POLY token and airdrop.
Inflation and Trade Optimism Boost Risk Assets — Bitcoin Rebounds to 115.5K
Macro Environment:
U.S. September CPI growth came in lower than expected, easing concerns over future inflation and strengthening market bets on more aggressive Fed rate cuts. U.S. equities rallied throughout the week, with the Dow Jones closing above 47,000 for the first time. Over the weekend, positive signals from China–U.S. trade talks further lifted sentiment, driving a broad rally in risk assets in early Monday trading.
Crypto Market:
Supported by encouraging macro data and trade optimism, the crypto market rebounded notably. Bitcoin surged to $115.5K, marking four consecutive days of gains. Altcoin trading activity rose sharply, with altcoin trading volume share climbing to 68.6% and market cap share to 41.0%, reflecting a recovery in risk appetite across the crypto sector.
Project Highlights:
Hot Tokens: ZEC, VIRTUAL, AKT
ZEC: Zcash will undergo its halving on November 18, sparking rallies across privacy coins such as DASH and ZEN.
VIRTUAL: An AI agent launchpad on Base, benefiting from the “x402” meme frenzy led by the first token PING.
AKT: Co-hosted the Akash Hackathon with NVIDIA over the weekend.
ENA: USDe supply exceeded 5.8 billion, setting a new all-time high.
GIGGLE: Listed on Binance spot market, with prices surging 216% intraday to $290.
Upcoming Highlights
Hong Kong: The first Solana ETF, ChinaAMC Solana ETF, debuts on the Hong Kong Stock Exchange.
MegaETH: The MEGA token public sale begins on Sonar, an Echo ecosystem platform.
Macro Developments
U.S.–China Trade:
U.S. Treasury Secretary Bessent confirmed the U.S. will not impose the previously discussed 100% tariffs on Chinese goods.
China’s Vice Minister Li Chenggang noted that both sides held constructive discussions and reached initial consensus on key trade issues.
U.S.–Vietnam:
The two countries’ joint statement confirmed the U.S. will maintain a 20% tariff on Vietnamese imports.
U.S. White House: May skip publication of next month’s inflation data.
U.S. CPI Data: September headline CPI at 3.0% YoY (vs. 3.1% expected); core CPI also 3.0% YoY (vs. 3.1% expected).
Policy & Regulation
Singapore: The Monetary Authority of Singapore (MAS) launched an investigation into DW Capital Holdings, a local family office linked to the “Prince Group.”
U.S. Regulatory Appointments:
Donald Trump appointed Michael Selig as the new CFTC Chair. Selig previously served as the SEC Crypto Task Force’s chief advisor, signaling a more crypto-friendly regulatory stance.
Binance Lobbying:
Binance reportedly hired a close associate of Trump Jr. as a lobbyist, paying $450,000 over the past month to engage with the White House.
CZ Update:
CZ announced that Kyrgyzstan has established a national cryptocurrency reserve, including BNB holdings.
Industry Highlights
Kraken: Q3 revenue up 114% YoY, with total trading volume up 106% YoY.
Bloomberg: Since the introduction of U.S. crypto regulations, stablecoin payments surged 70%.
x402 Protocol: Weekly transaction count up 492.63% WoW.
Tether: Plans to launch USAT, a U.S.-compliant stablecoin, in December. CEO projects $15B annual profit with a 99% profit margin.
Crypto com: Applied for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC).
JPMorgan: Will allow Bitcoin and Ethereum to be used as collateral for institutional clients.
Polymarket: CMO confirmed plans to launch a native POLY token and airdrop.
This Week’s Outlook
Oct 27: Launch of ChinaAMC Solana ETF on HKEX; MEGA token public sale on Sonar (Echo ecosystem).
Oct 28: Grass (GRASS) unlocks 181M tokens (worth ~$79.3M) at 9:30 PM.
Oct 29: U.S. President Trump visits South Korea.
Oct 30:
U.S. Fed announces interest rate decision; Chair Jerome Powell holds press conference.
SEC review deadline for Nasdaq Ethereum Staking Trust.
Japan & ECB announce rate decisions; Kazuo Ueda and Christine Lagarde to hold policy briefings.
Release of U.S. Core PCE (Sep) and Q3 GDP data.
Microsoft, Google, and Meta to report Q3 earnings.
Oct 31:
APEC Leaders’ Informal Meeting (Oct 31–Nov 1) in South Korea.
Mt. Gox repayment deadline, with 34,689 BTC potentially entering circulation.
Strategy releases Q3 2025 financial report.
U.S. Senate Democrats request disclosure from Trump advisors regarding crypto holdings.
Amazon, Apple, and Coinbase to publish Q3 earnings.
Nov 1:
Sui (SUI) unlocks 43.96M tokens (~$113M) at 8:00 AM.
YGG Play launches Launchpad, debuting LOL Land (LOL) token trading on DEX.
EigenCloud (EIGEN) unlocks 36.82M tokens (~$41.6M) at 12:00 PM.
Oct 27: Launch of ChinaAMC Solana ETF on HKEX; MEGA token public sale on Sonar (Echo ecosystem).
Oct 28: Grass (GRASS) unlocks 181M tokens (worth ~$79.3M) at 9:30 PM.
Oct 29: U.S. President Trump visits South Korea.
Oct 30:
U.S. Fed announces interest rate decision; Chair Jerome Powell holds press conference.
SEC review deadline for Nasdaq Ethereum Staking Trust.
Japan & ECB announce rate decisions; Kazuo Ueda and Christine Lagarde to hold policy briefings.
Release of U.S. Core PCE (Sep) and Q3 GDP data.
Microsoft, Google, and Meta to report Q3 earnings.
Oct 31:
APEC Leaders’ Informal Meeting (Oct 31–Nov 1) in South Korea.
Mt. Gox repayment deadline, with 34,689 BTC potentially entering circulation.
Strategy releases Q3 2025 financial report.
U.S. Senate Democrats request disclosure from Trump advisors regarding crypto holdings.
Amazon, Apple, and Coinbase to publish Q3 earnings.
Nov 1:
Sui (SUI) unlocks 43.96M tokens (~$113M) at 8:00 AM.
YGG Play launches Launchpad, debuting LOL Land (LOL) token trading on DEX.
EigenCloud (EIGEN) unlocks 36.82M tokens (~$41.6M) at 12:00 PM.
Hello dear streamers,
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This is a kind reminder to make sure your commission link and campaign link are placed in your live stream.
We’ve noticed that some streamers still forgot to include these links during their sessions.
Please note that if your commission link and campaign link are missing from your live stream description or comment section, the stream will be marked as invalid.
To avoid affecting your rewards, please take a moment to check your past streams and ensure the links have been properly added.
Starting this week, we will no longer send individual reminders.
Streams without the required links will not be counted as valid.
If you have any questions, please feel free to contact our admins:
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XBTUSDT Perpetual | XBTUSDT Futures Trading | KuCoin Futures
Trade XBT perpetual swaps on KuCoin Futures. XBTUSDT futures help traders gain leveraged exposure to XBT and hedge against market volatility.
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October 28, 2025 (Industry Update)
Trade Optimism Pushes U.S. Stocks to New Highs; Crypto Market Pulls Back After Early Surge
Macro Environment:
Easing trade tensions and stronger rate-cut expectations boosted U.S. equities to fresh highs, with all “Mag7” tech stocks gaining over 1%. Five of these companies are set to report earnings this week. Risk aversion faded — the VIX index dropped from 28.99 to 15.8 — and gold briefly fell below $4,000 as investors rotated into risk assets.
Crypto Market:
The crypto market rallied ahead of the U.S. stock session, with Bitcoin peaking at $116.4K before pulling back to around $114K. Total crypto market capitalization rose 1.34%, while altcoin dominance and trading volume share declined slightly. Ahead of the FOMC meeting, Big Tech earnings, and the upcoming U.S.-China leadership meeting, traders remained cautious despite earlier gains.
Project Updates
Hot Tokens: HBAR, LTC, TRUMP
LTC/HBAR: Canary Capital confirmed its LTC and HBAR ETFs will debut on Nasdaq tonight.
PAYAI: Solana co-founder Toly retweeted the x402 protocol; PAYAI’s market cap surpassed PING, becoming the leading x402 token.
AVAX: AgriFORCE shareholders approved a $300M investment, set to close on Oct 30, making it an AVAX treasury partner.
DIA: RWA-focused oracle added VIRTUAL and ZORA price feeds.
ME: Launched the second round of S3 Boosted Collections rewards and opened Round 3.
RECALL: Announced Perp Arena, a perpetual trading agent competition.
Crypto Fear & Greed Index: 50 (previous 24h: 51) — Neutral
Today’s Outlook
Grass (GRASS): Unlocking ~181M tokens (≈$79.3M) at 9:30 PM.
NVIDIA GTC Conference: Jensen Huang to deliver keynote speech.
Macroeconomics
Final shortlist of five candidates for Fed Chair announced; Trump expected to nominate a successor by year-end.
Policy Developments
The White House officially nominated Mike Selig, SEC’s crypto task force chief legal advisor, as CFTC Chair.
The world’s first JPY stablecoin was officially launched in Japan today.
Industry Highlights
Strategy bought 390 BTC (~$43.4M); BitMine added 77K ETH (total holdings 3.31M ETH); American Bitcoin added 1,414 BTC (total 3,865 BTC).
Ant Group filed for Web3-related trademarks such as ANTCOIN in Hong Kong.
Western Union to pilot stablecoin-based settlement system.
GoKiteAI received investment from Coinbase Ventures to expand x402 protocol adoption.
ETHZilla sold ~$40M worth of ETH for stock buybacks.
Bitwise confirmed its Solana Staking ETF (BSOL) will list tonight.
Canary Capital confirmed LTC and HBAR ETFs will debut tonight on Nasdaq.
MetaMask registered secondary domains, hinting at a potential token claim site.
Mt. Gox repayment deadline postponed one year to Oct 2026.
This Week’s Outlook
Oct 28: GRASS unlock (~181M tokens, $79.3M); NVIDIA GTC keynote by Jensen Huang.
Oct 29: Trump visits South Korea; Grayscale Solana Trust ETF expected to list.
Oct 30: Fed interest rate decision; Powell press conference; SEC review deadline for Nasdaq Ethereum staking ETF; ECB & BOJ rate decisions; U.S. Core PCE, Q3 GDP; earnings from Microsoft, Google, Meta.
Oct 31: APEC Summit (Oct 31–Nov 1, South Korea); Strategy Q3 earnings; U.S. Senate Democrats to question Trump advisors on crypto holdings; Amazon, Apple, Coinbase earnings.
Nov 1: Sui (SUI) unlock (~44M tokens, $113M); YGG Play launches LOL Land token (LOL) trading on DEX; EigenCloud (EIGEN) unlock (~36.8M tokens, $41.6M).
Trade Optimism Pushes U.S. Stocks to New Highs; Crypto Market Pulls Back After Early Surge
Macro Environment:
Easing trade tensions and stronger rate-cut expectations boosted U.S. equities to fresh highs, with all “Mag7” tech stocks gaining over 1%. Five of these companies are set to report earnings this week. Risk aversion faded — the VIX index dropped from 28.99 to 15.8 — and gold briefly fell below $4,000 as investors rotated into risk assets.
Crypto Market:
The crypto market rallied ahead of the U.S. stock session, with Bitcoin peaking at $116.4K before pulling back to around $114K. Total crypto market capitalization rose 1.34%, while altcoin dominance and trading volume share declined slightly. Ahead of the FOMC meeting, Big Tech earnings, and the upcoming U.S.-China leadership meeting, traders remained cautious despite earlier gains.
Project Updates
Hot Tokens: HBAR, LTC, TRUMP
LTC/HBAR: Canary Capital confirmed its LTC and HBAR ETFs will debut on Nasdaq tonight.
PAYAI: Solana co-founder Toly retweeted the x402 protocol; PAYAI’s market cap surpassed PING, becoming the leading x402 token.
AVAX: AgriFORCE shareholders approved a $300M investment, set to close on Oct 30, making it an AVAX treasury partner.
DIA: RWA-focused oracle added VIRTUAL and ZORA price feeds.
ME: Launched the second round of S3 Boosted Collections rewards and opened Round 3.
RECALL: Announced Perp Arena, a perpetual trading agent competition.
Crypto Fear & Greed Index: 50 (previous 24h: 51) — Neutral
Today’s Outlook
Grass (GRASS): Unlocking ~181M tokens (≈$79.3M) at 9:30 PM.
NVIDIA GTC Conference: Jensen Huang to deliver keynote speech.
Macroeconomics
Final shortlist of five candidates for Fed Chair announced; Trump expected to nominate a successor by year-end.
Policy Developments
The White House officially nominated Mike Selig, SEC’s crypto task force chief legal advisor, as CFTC Chair.
The world’s first JPY stablecoin was officially launched in Japan today.
Industry Highlights
Strategy bought 390 BTC (~$43.4M); BitMine added 77K ETH (total holdings 3.31M ETH); American Bitcoin added 1,414 BTC (total 3,865 BTC).
Ant Group filed for Web3-related trademarks such as ANTCOIN in Hong Kong.
Western Union to pilot stablecoin-based settlement system.
GoKiteAI received investment from Coinbase Ventures to expand x402 protocol adoption.
ETHZilla sold ~$40M worth of ETH for stock buybacks.
Bitwise confirmed its Solana Staking ETF (BSOL) will list tonight.
Canary Capital confirmed LTC and HBAR ETFs will debut tonight on Nasdaq.
MetaMask registered secondary domains, hinting at a potential token claim site.
Mt. Gox repayment deadline postponed one year to Oct 2026.
This Week’s Outlook
Oct 28: GRASS unlock (~181M tokens, $79.3M); NVIDIA GTC keynote by Jensen Huang.
Oct 29: Trump visits South Korea; Grayscale Solana Trust ETF expected to list.
Oct 30: Fed interest rate decision; Powell press conference; SEC review deadline for Nasdaq Ethereum staking ETF; ECB & BOJ rate decisions; U.S. Core PCE, Q3 GDP; earnings from Microsoft, Google, Meta.
Oct 31: APEC Summit (Oct 31–Nov 1, South Korea); Strategy Q3 earnings; U.S. Senate Democrats to question Trump advisors on crypto holdings; Amazon, Apple, Coinbase earnings.
Nov 1: Sui (SUI) unlock (~44M tokens, $113M); YGG Play launches LOL Land token (LOL) trading on DEX; EigenCloud (EIGEN) unlock (~36.8M tokens, $41.6M).
❤1
October 29, 2025 (Industry Update)
U.S. Stocks Close at New Highs Again; Crypto Market Consolidates Without Clear Direction
Macro Environment:
Boosted by AI collaboration news, the S&P 500 hit another record close driven by tech stocks, while most other sectors declined — highlighting the rising market concentration. Easing trade tensions weighed on gold, which fell for the third consecutive day. Investors are now awaiting the FOMC rate decision, the upcoming “Mag7” earnings reports, and the meeting between the U.S. and Chinese leaders.
Crypto Market:
Major crypto assets traded sideways, with the market still lacking clear direction. Bitcoin briefly tested $116K at the U.S. market open, but fell 3.3% from its intraday high as selling pressure returned after equities weakened in the afternoon. Total crypto market capitalization declined 0.67%, and altcoin market share continued to retreat.
Project Updates:
Hot Tokens: SOL, VIRTUAL, XPL
SOL/LTC/HBAR: The newly listed SOL Staking ETF, LTC ETF, and HBAR ETF recorded a combined $65 million in first-day trading volume.
VIRTUAL: Virtuals Protocol launched a ve(3,3) DEX managed by an AI agent CEO.
XPL: Plasma partnered with Yellow Card to roll out Plasma USD₮ across 20 African countries.
AERO: Animoca Brands purchased AERO tokens on the open market and locked them for long-term holding.
Crypto Fear & Greed Index: 51 (previously 50), indicating Neutral sentiment.
Today’s Outlook
U.S. President Donald Trump visits South Korea
Grayscale Solana Trust ETF to begin trading
Macroeconomics
The U.S. government shutdown continues; the Senate rejected a temporary funding bill for the 13th time.
ADP survey: The job market added an average of 14,250 jobs in the four weeks ending Oct. 11.
October Consumer Confidence Index: 94.6 (expected 93.4; previous 95.6).
Policy Developments
Australia’s financial regulator released updated guidance to expand crypto oversight.
Trump Media to enter prediction market business.
Hong Kong Monetary Authority (HKMA): Plans to expand digital HKD to retail use, with preparations expected to complete in 1H 2026.
Industry Highlights
Oracle: To launch a Digital Asset Data Hub next year.
Visa: Expanding support for stablecoins across four different blockchains.
Ethereum Fusaka Hard Fork activated on the final testnet, mainnet launch expected in December.
OceanPal and NEAR Foundation to conduct a $120M PIPE investment.
Polymarket to return to the U.S. by late November, followed by a POLY token launch and airdrop.
Norwegian crypto filings surged 30%, with 73,000 individuals declaring over $4B in assets.
SOL, LTC, HBAR ETFs recorded $65M in first-day trading.
Western Union to issue a stablecoin on Solana by 2026.
CZ ranked 13th on Hurun’s 2025 Rich List with ¥190B fortune, up 41% YoY.
PayPal and OpenAI reached a milestone partnership to embed PayPal wallets in ChatGPT.
This Week’s Outlook
Oct 29: President Trump visits South Korea; Grayscale Solana Trust ETF lists.
Oct 30: FOMC rate decision; Powell’s press conference; SEC’s deadline for Nasdaq ETH Trust proposal; BoJ & ECB rate decisions; U.S. Core PCE & Q3 GDP; earnings from Microsoft, Google, Meta.
Oct 31: APEC summit in South Korea (Oct 31–Nov 1); Strategy Q3 results; Senate Democrats seek crypto disclosures from Trump advisors; earnings from Amazon, Apple, Coinbase.
Nov 1: Sui (SUI) unlocks 43.96M tokens ($113M); YGG Play launches LOL Land token on DEX; EigenCloud (EIGEN) unlocks 36.82M tokens ($41.6M).
U.S. Stocks Close at New Highs Again; Crypto Market Consolidates Without Clear Direction
Macro Environment:
Boosted by AI collaboration news, the S&P 500 hit another record close driven by tech stocks, while most other sectors declined — highlighting the rising market concentration. Easing trade tensions weighed on gold, which fell for the third consecutive day. Investors are now awaiting the FOMC rate decision, the upcoming “Mag7” earnings reports, and the meeting between the U.S. and Chinese leaders.
Crypto Market:
Major crypto assets traded sideways, with the market still lacking clear direction. Bitcoin briefly tested $116K at the U.S. market open, but fell 3.3% from its intraday high as selling pressure returned after equities weakened in the afternoon. Total crypto market capitalization declined 0.67%, and altcoin market share continued to retreat.
Project Updates:
Hot Tokens: SOL, VIRTUAL, XPL
SOL/LTC/HBAR: The newly listed SOL Staking ETF, LTC ETF, and HBAR ETF recorded a combined $65 million in first-day trading volume.
VIRTUAL: Virtuals Protocol launched a ve(3,3) DEX managed by an AI agent CEO.
XPL: Plasma partnered with Yellow Card to roll out Plasma USD₮ across 20 African countries.
AERO: Animoca Brands purchased AERO tokens on the open market and locked them for long-term holding.
Crypto Fear & Greed Index: 51 (previously 50), indicating Neutral sentiment.
Today’s Outlook
U.S. President Donald Trump visits South Korea
Grayscale Solana Trust ETF to begin trading
Macroeconomics
The U.S. government shutdown continues; the Senate rejected a temporary funding bill for the 13th time.
ADP survey: The job market added an average of 14,250 jobs in the four weeks ending Oct. 11.
October Consumer Confidence Index: 94.6 (expected 93.4; previous 95.6).
Policy Developments
Australia’s financial regulator released updated guidance to expand crypto oversight.
Trump Media to enter prediction market business.
Hong Kong Monetary Authority (HKMA): Plans to expand digital HKD to retail use, with preparations expected to complete in 1H 2026.
Industry Highlights
Oracle: To launch a Digital Asset Data Hub next year.
Visa: Expanding support for stablecoins across four different blockchains.
Ethereum Fusaka Hard Fork activated on the final testnet, mainnet launch expected in December.
OceanPal and NEAR Foundation to conduct a $120M PIPE investment.
Polymarket to return to the U.S. by late November, followed by a POLY token launch and airdrop.
Norwegian crypto filings surged 30%, with 73,000 individuals declaring over $4B in assets.
SOL, LTC, HBAR ETFs recorded $65M in first-day trading.
Western Union to issue a stablecoin on Solana by 2026.
CZ ranked 13th on Hurun’s 2025 Rich List with ¥190B fortune, up 41% YoY.
PayPal and OpenAI reached a milestone partnership to embed PayPal wallets in ChatGPT.
This Week’s Outlook
Oct 29: President Trump visits South Korea; Grayscale Solana Trust ETF lists.
Oct 30: FOMC rate decision; Powell’s press conference; SEC’s deadline for Nasdaq ETH Trust proposal; BoJ & ECB rate decisions; U.S. Core PCE & Q3 GDP; earnings from Microsoft, Google, Meta.
Oct 31: APEC summit in South Korea (Oct 31–Nov 1); Strategy Q3 results; Senate Democrats seek crypto disclosures from Trump advisors; earnings from Amazon, Apple, Coinbase.
Nov 1: Sui (SUI) unlocks 43.96M tokens ($113M); YGG Play launches LOL Land token on DEX; EigenCloud (EIGEN) unlocks 36.82M tokens ($41.6M).
👍3
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2025.10.30 (Industry Update)
Powell Turns Hawkish Unexpectedly; Crypto Market Lacks Momentum
Macro Environment: The Federal Reserve cut rates by 25 bps as expected and announced that QT will end in December. However, the vote distribution revealed significant internal disagreement, and Powell’s hawkish remarks indicated that a December rate cut is “far from guaranteed.” The market-implied probability of a December rate cut plunged from 95% to 65%. U.S. stocks opened higher but dropped sharply after Powell’s hawkish comments. Nvidia’s market cap surpassed $5 trillion, supporting the Nasdaq to close higher, while the S&P 500 and Dow both ended lower. The U.S. Dollar Index rose above 99, and the Treasury yield curve shifted upward. Markets are closely watching the upcoming meeting between Chinese and U.S. leaders, which could present an opportunity to reshape bilateral relations.
Crypto Market: Crypto asset prices struggled to rise, with market sentiment falling back into fear. Bitcoin briefly rebounded to $113.6K before the U.S. market open but weakened afterward due to fading December rate-cut expectations, stabilizing around $110K. The total crypto market capitalization fell by 2.75%, while altcoins’ market share rose to 40.9%, showing relative resilience amid the broader decline.
Project Developments
Hot Tokens: TRUMP, WLFI, CLANKER
TRUMP: Tokens related to TRUMP — including TRUMP, MELANIA, and WLFI — rallied collectively. The TRUMP meme issuer, Fight Fight Fight LLC, plans to acquire Republic’s U.S. business to promote token usage in startup fundraising.
WLFI: Appointed former Robinhood executive Mack McCain as General Counsel; plans to distribute 8.4 million WLFI tokens to participants in the USD1 Points Program.
CLANKER: Coinbase launched CLANKER perpetual futures trading; Farcaster acquired Clanker.
SYRUP: Maple Finance’s AUM rose to $5 billion, and October protocol revenue hit an all-time high of $2.159 million.
Crypto Fear & Greed Index: 34 (down from 51 24 hours ago) — Fear
Today’s Outlook
Chinese President Xi Jinping to meet U.S. President Donald Trump in Busan, South Korea, on October 30 (local time).
U.S. SEC deadline for reviewing Nasdaq’s Ethereum Trust staking proposal.
Interest rate decisions from the Bank of Japan and European Central Bank; press conferences by Kazuo Ueda and Christine Lagarde.
U.S. September Core PCE Price Index and Q3 Real GDP data.
Macroeconomics
Federal Reserve: Cut rates by 25 bps and announced the end of QT in December. Powell said a December rate cut is “far from certain.”
Hong Kong Monetary Authority: Lowered its base rate by 25 bps to 4.25%.
China-U.S. Relations: Trump expressed optimism about the leaders’ meeting; China’s Ministry of Foreign Affairs stated it is willing to work with the U.S. toward positive results.
Policy Direction
U.S. SEC Chair praised Bitwise and Canary Capital for “pioneering new paths” in ETF listings.
U.S. Democratic Senators demanded that Trump explain the potential pardon of Binance founder CZ.
U.K. FCA now requires brokers to notify the regulator before offering crypto ETNs to retail clients.
Industry Highlights
Mastercard plans to acquire crypto infrastructure startup Zerohash for up to $2 billion.
Former FTX US President Brett Harrison to launch a “perpetual contracts” trading platform for stocks and forex.
Ondo Global Markets expanded its tokenized stock platform to BNB Chain.
Western Union unveiled its stablecoin USDPT and plans to launch a digital asset network.
21Shares submitted an S-1 filing to the SEC for a Hyperliquid ETF.
Bitwise’s spot Solana ETF attracted $69.5 million in inflows on its first day, while new HBAR and Litecoin funds saw no inflows.
DBS Bank and Goldman Sachs completed their first OTC crypto options trade.
WLFI confirmed plans to distribute 8.4 million WLFI tokens to USD1 Points Program participants.
This Week’s Outlook
October 30:
SEC review deadline for Nasdaq’s Ethereum Trust staking proposal.
BOJ and ECB rate decisions; Ueda and Lagarde press conferences.
U.S. September Core PCE and Q3 GDP data.
Powell Turns Hawkish Unexpectedly; Crypto Market Lacks Momentum
Macro Environment: The Federal Reserve cut rates by 25 bps as expected and announced that QT will end in December. However, the vote distribution revealed significant internal disagreement, and Powell’s hawkish remarks indicated that a December rate cut is “far from guaranteed.” The market-implied probability of a December rate cut plunged from 95% to 65%. U.S. stocks opened higher but dropped sharply after Powell’s hawkish comments. Nvidia’s market cap surpassed $5 trillion, supporting the Nasdaq to close higher, while the S&P 500 and Dow both ended lower. The U.S. Dollar Index rose above 99, and the Treasury yield curve shifted upward. Markets are closely watching the upcoming meeting between Chinese and U.S. leaders, which could present an opportunity to reshape bilateral relations.
Crypto Market: Crypto asset prices struggled to rise, with market sentiment falling back into fear. Bitcoin briefly rebounded to $113.6K before the U.S. market open but weakened afterward due to fading December rate-cut expectations, stabilizing around $110K. The total crypto market capitalization fell by 2.75%, while altcoins’ market share rose to 40.9%, showing relative resilience amid the broader decline.
Project Developments
Hot Tokens: TRUMP, WLFI, CLANKER
TRUMP: Tokens related to TRUMP — including TRUMP, MELANIA, and WLFI — rallied collectively. The TRUMP meme issuer, Fight Fight Fight LLC, plans to acquire Republic’s U.S. business to promote token usage in startup fundraising.
WLFI: Appointed former Robinhood executive Mack McCain as General Counsel; plans to distribute 8.4 million WLFI tokens to participants in the USD1 Points Program.
CLANKER: Coinbase launched CLANKER perpetual futures trading; Farcaster acquired Clanker.
SYRUP: Maple Finance’s AUM rose to $5 billion, and October protocol revenue hit an all-time high of $2.159 million.
Crypto Fear & Greed Index: 34 (down from 51 24 hours ago) — Fear
Today’s Outlook
Chinese President Xi Jinping to meet U.S. President Donald Trump in Busan, South Korea, on October 30 (local time).
U.S. SEC deadline for reviewing Nasdaq’s Ethereum Trust staking proposal.
Interest rate decisions from the Bank of Japan and European Central Bank; press conferences by Kazuo Ueda and Christine Lagarde.
U.S. September Core PCE Price Index and Q3 Real GDP data.
Macroeconomics
Federal Reserve: Cut rates by 25 bps and announced the end of QT in December. Powell said a December rate cut is “far from certain.”
Hong Kong Monetary Authority: Lowered its base rate by 25 bps to 4.25%.
China-U.S. Relations: Trump expressed optimism about the leaders’ meeting; China’s Ministry of Foreign Affairs stated it is willing to work with the U.S. toward positive results.
Policy Direction
U.S. SEC Chair praised Bitwise and Canary Capital for “pioneering new paths” in ETF listings.
U.S. Democratic Senators demanded that Trump explain the potential pardon of Binance founder CZ.
U.K. FCA now requires brokers to notify the regulator before offering crypto ETNs to retail clients.
Industry Highlights
Mastercard plans to acquire crypto infrastructure startup Zerohash for up to $2 billion.
Former FTX US President Brett Harrison to launch a “perpetual contracts” trading platform for stocks and forex.
Ondo Global Markets expanded its tokenized stock platform to BNB Chain.
Western Union unveiled its stablecoin USDPT and plans to launch a digital asset network.
21Shares submitted an S-1 filing to the SEC for a Hyperliquid ETF.
Bitwise’s spot Solana ETF attracted $69.5 million in inflows on its first day, while new HBAR and Litecoin funds saw no inflows.
DBS Bank and Goldman Sachs completed their first OTC crypto options trade.
WLFI confirmed plans to distribute 8.4 million WLFI tokens to USD1 Points Program participants.
This Week’s Outlook
October 30:
SEC review deadline for Nasdaq’s Ethereum Trust staking proposal.
BOJ and ECB rate decisions; Ueda and Lagarde press conferences.
U.S. September Core PCE and Q3 GDP data.