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🚀 Daily Market Brief (Oct 10, 2025 | Privacy Narrative Expands & LTC Defies Market Trend)

Summary
Macro Environment: The U.S. government shutdown continued as weak macro data and limited policy direction weighed on markets. All three major U.S. indices closed lower. The U.S. dollar strengthened, while easing geopolitical tensions and profit-taking led gold to fall below the $4,000 mark, snapping its recent rally.
Crypto Market: The stronger dollar and gold correction dampened “devaluation trade” sentiment, causing BTC to retreat toward $120K. Bitcoin dominance rose for the third straight day. Short-selling institutions reportedly targeted Ethereum’s DAT firm, pushing ETH lower. Most altcoins declined alongside the broader market.

Project Developments

Hot Tokens: ZEC, LTC, ZORA

LTC: The Grayscale LTC ETF faces a final approval deadline of Oct 10, though it may be delayed due to the U.S. shutdown. Despite uncertainty, LTC rose 8%, outperforming the market.

ZORA: Robinhood US listed ZORA, propelling its price over 50%.

Ethereum Foundation: Officially introduced “Kohaku”, a privacy wallet project, fueling continued gains in ZEC, DASH, XMR, and ZEN.

SEI: BlackRock and Brevan Howard launched a tokenized fund on the Sei network, expanding institutional adoption.

OCEAN: Ocean Protocol exited the ASI Alliance, potentially de-pegging the token and allowing for exchange relisting.

Main Asset Movements

Crypto Fear & Greed Index: 64 (↓ from 70), level: Greed

Today’s Outlook

U.S. Data Releases: Preliminary readings for October 1-year inflation expectations and the University of Michigan Consumer Sentiment Index.

Phi TGE: The on-chain identity project Phi launches its TGE today, with 9.2% allocated to airdrops.

Token Unlocks:

LINEA: 6.57% of circulating supply (~$29.6M)

BABY: 24.74% of circulating supply (~$17.4M)

Macroeconomy

Bureau of Labor Statistics to release September CPI data by the end of the month.

Fed Chair Search: The Treasury Secretary completed interviews for the next Fed Chair; BlackRock’s CIO reportedly performed very well.

Geopolitics: Hamas announced a permanent ceasefire, officially ending the conflict.

Policy Trends

Over $75 billion in illicit crypto assets may be seized by the U.S. government and converted into strategic reserves.

Industry Highlights

A Luxembourg sovereign wealth fund allocated 1% of assets to Bitcoin ETFs.

PayPay to acquire 40% of Binance Japan.

Bitcoin appeared on the front page of India’s third-largest newspaper, signaling mainstream attention.

Kerrisdale Capital announced a short position in BitMine, citing stagnation in DAT strategies.

The Ethereum Foundation’s Kohaku project reaffirmed the privacy tech narrative.

PayPal × Google formed a multi-year AI payments partnership to enhance digital transaction experiences.

Weekly Takeaway

Privacy tokens extend gains as the Ethereum Foundation deepens privacy R&D.

Institutional adoption accelerates — from tokenized funds (SEI) to Bitcoin ETF allocations.

Regulatory tightening and shutdown delays continue to weigh on U.S. market sentiment, while Asia-led projects (ZORA, PayPay) gain traction.

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🚀 Daily Market Brief (Oct 13, 2025 | Market Rebound After Historic Crypto Sell-Off)

Summary
Macro Environment: On Friday, U.S. equities experienced a sharp sell-off following Trump’s tariff threats — the S&P 500 dropped nearly 3% and the Nasdaq over 3%, their largest single-day declines in six months. Over the weekend, statements from U.S. Commerce Department officials and Vice President Vance helped ease trade-related fears, pushing U.S. equity futures higher.

Crypto Market: Tariff concerns triggered a massive crypto market crash — Bitcoin plunged over 13%, ETH fell more than 17%, and many altcoins saw intraday drops exceeding 50%. Total liquidations topped $19 billion, the highest on record, driving extreme fear across the market. Over the weekend, following Vance’s remarks, the “TACO” trade narrative returned, with major coins rebounding — ETH jumped more than 10%.

Project Developments

Trending Tokens: ETH, LINK, COAI

BONK: Treasury firm Safety Shot plans to hold 5% of BONK’s circulating supply by year-end and will rebrand to Bonk, Inc.

BNB: Rapid rebound recovered prior losses; ecosystem tokens including CAKE, ASTER, 4, FORM surged.

TAO: Grayscale submitted an SEC Form 10 for its TAO Trust, reducing private placement lockup to 6 months.

ASTER: Completed a buyback of 100 million ASTER tokens.

ENA: Stablecoin USDE severely depegged during the crash, briefly dropping to $0.6567.

Major Asset Moves
🟠 Crypto Fear & Greed Index: 38 (up from 24 yesterday) — Fear

Today’s Outlook

CME launches SOL and XRP futures options.

Oracle hosts its Global AI Conference (Oct 13–16, Las Vegas).

Macroeconomics

Trump threatens 100% additional tariffs on China.

VP Vance: Trump is open to “rational negotiations” with China.

U.S. 1-year inflation expectations (Oct prelim): 4.6% (vs 4.7% est.).

U.S. September CPI report postponed to Oct 24 due to government shutdown.

Policy Trends

U.S. crypto market structure talks stalled after a Democratic DeFi proposal leak.

EBA warns some crypto firms may exploit MiCA’s transition period for regulatory arbitrage.

Industry Highlights

💥 Oct 11: Total liquidations surpassed $19B, setting a new record.

Forbes: Trump’s Bitcoin exposure exceeds $870M.

🇦🇪 Abu Dhabi Airport to pilot stablecoin and crypto payments.

🏦 Goldman Sachs and Bank of America planning joint stablecoin initiative.

📈 Kalshi raised $300M, valuing the prediction market at $5B.

This Week’s Outlook

Oct 13: CME launches SOL/XRP futures; Oracle Global AI Conference begins.

Oct 14: Aster 2nd airdrop phase; LAB TGE event.

Oct 15: Fed Beige Book; Morgan Stanley lifts crypto fund restrictions; STRK unlock (5.64%, $14.4M); SEI unlock (1.15%, $11.5M).

Oct 16: SEC decision delay on Bitwise & 21Shares Solana ETFs.

Oct 17: SEC Crypto Task Force holds Financial Regulation & Privacy Roundtable; DBR unlock (17.01%, $16.6M).

Oct 18: SEC deadline for Grayscale XRP ETF decision.

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🚀 Daily Market Brief (Oct 14, 2025 | Gold Hits Record High, Crypto Rebounds Above $115K)

Summary
Macro Environment: “TACO” trades returned in force, fueling a major rebound across U.S. equities. Both the Nasdaq and S&P 500 posted their largest single-day gains in four and a half months. Gold and silver also surged to historic highs — gold broke $4,100 for the first time.

Crypto Market: The crypto market extended its recovery, with Bitcoin breaking above $115,000. Altcoin dominance rebounded to 41%, up for three straight days and back to pre-crash levels, indicating a full price ratio recovery between altcoins and Bitcoin.

Project Developments
Trending Tokens: SOL, DOGE, SNX

SNX: Synthetix announced plans to launch a perpetual DEX on Ethereum mainnet in Q4. Since dropping to $0.51 on Oct 11, SNX has surged nearly 4x.

SOL / XRP: CME officially launched SOL and XRP options trading.

DOGE: The House of Doge, the commercial arm of the Dogecoin Foundation, will go public on Nasdaq via a merger.

IP: The Aria Foundation was established under Story ecosystem’s IPRWA protocol to promote on-chain IP economy.

HYPE: Hyperliquid to roll out the HIP-3 upgrade, enabling permissionless perpetual market creation by staking 500,000 HYPE.

Major Asset Moves
🟠 Crypto Fear & Greed Index: 38 (unchanged) — Fear

Today’s Outlook

Aster second-phase airdrop goes live (Oct 14).

LAB multichain trading infrastructure holds its Token Generation Event (TGE) today.

Macroeconomics

Day 13 of U.S. government shutdown: Partisan deadlock continues; House Speaker warns of a potential record-length closure.

Rate cut odds: 98.3% probability of a 25 bps Fed rate cut in October.

Middle East: A Gaza ceasefire agreement was signed in Egypt.

Policy Trends

Hong Kong: Ant Group’s acquisition of Bright Smart Securities (a stablecoin-concept stock) approved by the SFC.

Kenya: Parliament passed the Virtual Asset Service Providers Bill to attract crypto investment.

Industry Highlights

💰 Strategy purchased 220 BTC (~$27.2M) at ~$123,561 per BTC last week.

🪙 BitMine added 202,000 ETH, reaching half of its goal to accumulate 5% of total ETH supply.

💼 CME launched SOL & XRP options trading.

🇪🇺 Amundi, Europe’s largest asset manager, to enter the crypto ETF market.

🏦 Citibank plans to roll out crypto custody services in 2026.

💳 JPMorgan to enable client crypto trading access (custody services pending).

📊 Kalshi & Polymarket saw record combined volume of $1.44B in September.

💱 Circle: No plans yet for a HKD-pegged stablecoin.

This Week’s Outlook

Oct 14: Aster 2nd airdrop; LAB TGE.

Oct 15: U.S. September CPI delayed to Oct 24 due to shutdown; Fed Beige Book release; Morgan Stanley lifts crypto fund restrictions; STRK unlock (5.64%, $14.4M); SEI unlock (1.15%, $11.5M).

Oct 16: SEC decision on Bitwise & 21Shares Solana ETFs postponed to this date.

Oct 17: SEC’s Crypto Task Force hosts Financial Regulation & Privacy Roundtable; DBR unlock (17.01%, $16.6M).

Oct 18: SEC deadline for Grayscale’s XRP ETF decision.

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🚀 Daily Market Brief (Oct 15, 2025 | Gold Rally Continues, Fed Dovish, BTC Tracks Stocks)

Summary
Macro Environment: U.S.–China trade tensions resurfaced, reigniting concerns and sending U.S. stock futures lower. However, Powell’s dovish comments reaffirmed the Fed’s rate-cut trajectory, lifting equities intraday — though gains failed to erase earlier losses.

Crypto Market: Macro events drove crypto price action. Bitcoin mirrored equities, briefly dipping near $110K before rebounding slightly to close down 1.86%. BTC dominance rose 0.27%, while altcoins, having restored parity with BTC in previous rebounds, realigned with the broader market trend.

Project Updates
Hot Tokens: TAO, PAXG, LINK

PAXG/XAUT: Gold hit record highs for two straight days, pushing both PAXG and XAUT higher in tandem.

TAO: TAO Synergies, a U.S.-listed TAO treasury company, raised $11M in private funding to expand strategic TAO token investments.

ZORA: Dropped a teaser video hinting at an upcoming live-streaming feature.

LINK: S&P Global integrated Chainlink to publish stablecoin risk ratings on-chain.

UXLINK: Announced its first token buyback to begin this weekend; repurchased tokens will be used for a “Redemption and Compensation Program.”

Major Asset Movements
🟠 Crypto Fear & Greed Index: 34 (down from 38) — Fear

Today’s Outlook

🇺🇸 U.S. September CPI release postponed to Oct 24 due to the government shutdown.

🏦 Federal Reserve Beige Book to be released.

💼 Morgan Stanley lifts restrictions on wealthy clients investing in crypto funds.

🔓 Token Unlocks: STRK (5.64%, ≈ $14.4M) and SEI (1.15%, ≈ $11.5M).

Macro Economy

Powell: The Fed may end balance sheet reduction in the coming months.

Powell: Labor market momentum has softened, increasing downside risks; prolonged shutdowns may further complicate data and policy outlooks.

Trump: Considering ending trade with China in edible oil and related sectors.

U.S. Senate: Failed to advance GOP stopgap funding bill — the government shutdown continues.

Policy Trends

🇦🇪 Dubai launched a new financial strategy with virtual assets as a core pillar.

🇺🇸🇬🇧 U.S. and U.K. jointly sanctioned Cambodia’s Prince Group, whose 127,000 BTC are now under U.S. government custody.

🇺🇸 U.S. Republicans proposed a bill to codify Trump’s order allowing 401(k) investments in crypto and private equity.

🇯🇵 Japan to introduce new regulations banning crypto insider trading.

Industry Highlights

🪶 Solana and founder Toly launched a community campaign to crowdsource Solana’s Chinese name.

💵 Total stablecoin market cap surpassed $310B, setting a new all-time high.

📉 Metaplanet’s market cap fell below its BTC reserve value, with MNAV ratio at 0.99.

🏦 BlackRock CEO: Exploring tokenized long-term investment products, noting that “asset tokenization has only just begun.”

This Week’s Outlook

Oct 15: U.S. September CPI delayed to Oct 24; Fed Beige Book release; Morgan Stanley removes crypto fund restrictions; STRK unlock (5.64%, $14.4M); SEI unlock (1.15%, $11.5M).

Oct 16: SEC decision on Bitwise & 21Shares Solana ETFs postponed to this date.

Oct 17: SEC’s Crypto Task Force holds Financial Regulation & Privacy Roundtable; DBR unlock (17.01%, $16.6M).

Oct 18: SEC deadline for Grayscale’s XRP ETF decision.

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🚀 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.

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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).

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.