The late-night U.S. session has some interesting developments. A few things worth looking at together.
First, the big news: Thailand’s SEC officially approved domestic $BTC and $ETH ETFs, which will list directly on the Stock Exchange of Thailand on October 16. Another piece of the Southeast Asian puzzle has fallen into place. Don’t underestimate this kind of regional growth—the ETF vehicle is spreading across the globe.
Now, $SOL . September’s numbers are seriously impressive: wallets holding tokenized stocks surpassed 1 million, trading volume hit $4.4 billion, and stablecoin supply reached a record $17.51 billion. The SEC also gave the green light for tokenized stocks to trade on public blockchains without registering as exchanges. The fundamentals are stacking up in a very real way.
But the macro picture can’t be ignored: Iran struck an LPG vessel in the Strait of Hormuz, the Houthis planted mines in the Bab el-Mandeb Strait, and Brent spot prices surged to $136. The cost of chartering an oil tanker for an overseas voyage is higher than launching a rocket—absolutely wild. With oil prices surging like this, risk assets are unlikely to have an easy time.
By the way, Aptos also made a major move: a hard cap of 2.1 billion tokens, staking rewards cut in half, and 210 million tokens permanently locked. They’re aiming for a deflationary path; we’ll see whether the market buys it.
My take: Don’t get reckless with your positions before geopolitical risks play out. Keep half your powder dry and wait for opportunities to emerge from a pullback.
NFA DYOR
#BTC #ETH #Solana #Aptos #CryptoMarket
First, the big news: Thailand’s SEC officially approved domestic $BTC and $ETH ETFs, which will list directly on the Stock Exchange of Thailand on October 16. Another piece of the Southeast Asian puzzle has fallen into place. Don’t underestimate this kind of regional growth—the ETF vehicle is spreading across the globe.
Now, $SOL . September’s numbers are seriously impressive: wallets holding tokenized stocks surpassed 1 million, trading volume hit $4.4 billion, and stablecoin supply reached a record $17.51 billion. The SEC also gave the green light for tokenized stocks to trade on public blockchains without registering as exchanges. The fundamentals are stacking up in a very real way.
But the macro picture can’t be ignored: Iran struck an LPG vessel in the Strait of Hormuz, the Houthis planted mines in the Bab el-Mandeb Strait, and Brent spot prices surged to $136. The cost of chartering an oil tanker for an overseas voyage is higher than launching a rocket—absolutely wild. With oil prices surging like this, risk assets are unlikely to have an easy time.
By the way, Aptos also made a major move: a hard cap of 2.1 billion tokens, staking rewards cut in half, and 210 million tokens permanently locked. They’re aiming for a deflationary path; we’ll see whether the market buys it.
My take: Don’t get reckless with your positions before geopolitical risks play out. Keep half your powder dry and wait for opportunities to emerge from a pullback.
NFA DYOR
#BTC #ETH #Solana #Aptos #CryptoMarket