Industry Regulation and Institutional Developments S&P Global Ratings Launches New Framework: On October 5, S&P Global Ratings officially launched a new risk assessment framework for on-chain lending vaults. Deposits in the sector have reached $10 billion, up from just $1.5 billion two years ago. The framework will assess multiple factors, including credit, liquidity, governance, and blockchain security. Whale Activity and On-Chain Movements: According to on-chain analysts, the founder of POAP transferred 4,000 ETH (approximately $10.79 million) to the Gemini exchange today. They still hold more than 54,000 ETH.
Regulatory and Policy Developments The U.S. introduces a major digital asset tax bill (ADAPT Act) On October 1, U.S. Senator Steve Daines officially introduced the 56-page “Act to Align Digital Assets and Tax Principles” (ADAPT Act). The bill aims to establish clear tax rules for stablecoin payments, network fees (gas fees), staking, and lending. It also proposes that digital assets used to pay network, transaction, or gas fees of $10 or less be exempt from recognizing gains or losses. In addition, it provides tax exemptions or simplified reporting for compliant purchases of goods and services using U.S. dollar stablecoins.
Market Trends and Institutional Updates Macroeconomy and Market Performance Entering October, the market is closely watching the U.S. September jobs report (non-farm payrolls), CPI data, and the Federal Reserve’s monetary policy direction. Although the crypto market has recently seen an inflow of funds and a quarterly rebound (such as Bitcoin recovering somewhat over the past quarter), analyses indicate that most mainstream assets still face pressure from macro high interest rates (e.g., U.S. Treasury yields remaining at relatively elevated levels) when viewed against their year-to-date trend. The market is overall searching for direction amid “fragmented repairs” and a shift toward compliance.
RWA tokenization platform listed OpenWorld and VerifyMe have officially announced the completion of their business merger, forming a digital tokenization platform for real-world assets. They began trading on Nasdaq on October 1 under the code “OPNW,” advancing institutional-grade RWA tokenization.
Follow me and take Answer 1 to take away the $SOL 红包!
Something to watch out for, everyone: Since October, Bitcoin has failed four times to break above its opening price of $87,000. If it gets rejected again, bullish sentiment may falter. I have red envelopes here 👉👉👉👉👉🧧🧧🧧🧧🧧👈👈👈👈
Life is like driving: set your direction and step on the gas. In your career, keep moving forward and breaking through! Don’t fear challenges or wait for opportunities—create them yourself! What I want isn’t just to reach my destination, but to stand at the summit! 😊
🌺@听澜321 The wheat waves speak, while the heart stays silent!
Singing a slow song, just an amateur My voice isn't perfect, but I put my heart into it
Life Sometimes needs a little something useless yet beautiful May we all have a wheat field of our own May you, listening to this song, be treated gently by time~ #比特币现货ETF三季度净流入63.4亿美元
The odds of a rate hike have fallen, so why can’t BTC break higher?
🚨 A very unusual signal is emerging in the market:
U.S. employment is cooling noticeably, and the odds of a Fed rate hike in October have dropped sharply.
Based on past patterns, this should have been a clear positive for BTC.
But even after a surge, BTC still hasn’t managed to break out and gain real upside momentum.
Why?
Because what’s really weighing on the market may no longer be whether the Fed will raise rates.
It may be—Treasury yields.
📉 The labor market is cooling 🟢 Expectations for an October rate hike have fallen sharply 💰 Institutional investors are still watching BTC 🔴 But long-term Treasury yields remain high
That’s the biggest contradiction right now:
Expectations for monetary policy are shifting toward easing, but the market’s actual cost of capital hasn’t come down yet.
So what BTC really needs next may be more than just “no rate hike.”
It needs Treasury yields to actually start falling.
If yields turn lower, pressure on risk assets could ease quickly.
But if yields keep climbing—
Even with buyers stepping in, BTC could still struggle to move higher.
So there’s just one variable I’m watching next:
Treasury yields.
🟢 Liquidity starts flowing back in 🔴 High yields keep weighing on BTC
$ETH Surged 70% Yet liquidity fell Something feels off about this rally Ethereum was on fire in Q3 It surged about 70% in one go Leaving Bitcoin’s roughly 42% Q3 gain far behind But there’s one detail I think is more worth watching than the 70% gain The higher ETH climbs, the thinner the order book gets According to CoinGecko ETH’s median market depth during Q3 was only 35%–45% of BTC’s In the same period last year, it was still at least 60% A very significant drop#以太坊Q3涨70%流动性下降
My mom says I’m useless at everything—never good at anything, but I always come in first when it comes to eating. I haven’t done much work, either—not good taking photos on the left, or on the right. But I’m still her little sweetheart in her heart. The only one 🥰
Hype in the world can unsettle the mind; market ups and downs have always been the norm ✨ Resist the urge of FOMO. Don’t blindly follow the crowd or rush into the market. Opportunities are endless, but your capital is the foundation you stand on. Stay calm and disciplined, manage your positions, and wait patiently for the opportunities meant for you. May you all make thoughtful choices and build steady gains 🧧
🧧🧧🧧When everyone’s spending their parents’ money, why do the rich call it an inheritance, the middle class call it support, but the poor get accused of living off their parents? The reason is simple. For example, if you’ve ever gnawed on a duck neck, you’ll know why it’s called “gnawing”—there’s hardly any meat on it. 🧧
Came across Binance’s chart—BTC is hovering around 86,184 and is still up 1% over the past 24 hours… I don’t hold any BTC, just watching from the sidelines 😂
The 86K level feels like an awkward spot. The intraday range is 85,094–86,999, with over 1.1 billion in trading volume. Bulls and bears are really battling it out.
I’ve heard lots of people have been mining on Binance lately. I don’t have a position, so I’m tempted, but also worried about getting burned. Curious: is mining still worth it these days? Which pool do you usually choose?
I’ve also put together a small red envelope (USDT). Share your thoughts in the comments and I’ll send some out at random, just for fun 🙏 If you think it’s too small, give me a hard time—if this gets a lot of views, I’ll make the next one bigger haha.
🌅 New Dawn Begins, Stay True to Yourself ✨ Market fluctuations are simply part of life 📊—there’s no need to panic over temporary swings 😌, and don’t let brief noise drag you along 🌊. Deepen your understanding 📖, wait patiently for your own cycle ⏳, keep your rhythm steady, and cultivate gradually 🌱 All the calm rewards you gain come from the persistence and accumulation of day after day 💎. Maintain independent thinking 💡—the road is long, but move forward steadily 💛