【Early Morning Review, Oct. 13 | Rising Geopolitical Risk Aversion, A Week in Crypto】
📊 $BTC closed down about 2% last week. After climbing to $86,600 early in the week, it hit a low of $80,300 on Thursday. Bullish momentum slowed as the market entered a key battleground between bulls and bears.
🌍 Geopolitical risk was the biggest wild card: The Middle East conflict continued to escalate, and Brent crude topped $106, weighing on risk assets as risk aversion spilled over into markets. Oil prices briefly retreated after Trump announced a Russia-Ukraine “energy ceasefire,” but doubts about the agreement quickly emerged and prices rebounded, leaving uncertainty at a peak.
💰 Market highlights:
• Strategy added 250 BTC (worth about $21.5 million) against the trend and repurchased $192 million worth of STRC
• Hong Kong’s first spot SOL ETF is on the way! Pando plans to list on Oct. 13, with a management fee of just 0.60%
• Canary launched the U.S.’s first spot staking TRX ETF (ticker: TRXS)
• $INJ became the first L1 blockchain to receive SEC-registered transfer agent status, accelerating the RWA sector
• Mining firm IREN is pivoting to AI infrastructure, having secured a multi-year cloud computing deal with Anthropic
⚠️ Risk alert: BLAST and Abstract Chain have announced they are shutting down. Users with funds remaining should withdraw them to the Ethereum mainnet by Oct. 26!
Among Korean exchanges, Upbit listed Gitcoin and RSR, while Bithumb listed KGEN and ZEST. Watch for spillover effects from Korean won liquidity.
NFA | DYOR
#比特币 #加密货币 #BTC #SolanaETF #币安广场
📊 $BTC closed down about 2% last week. After climbing to $86,600 early in the week, it hit a low of $80,300 on Thursday. Bullish momentum slowed as the market entered a key battleground between bulls and bears.
🌍 Geopolitical risk was the biggest wild card: The Middle East conflict continued to escalate, and Brent crude topped $106, weighing on risk assets as risk aversion spilled over into markets. Oil prices briefly retreated after Trump announced a Russia-Ukraine “energy ceasefire,” but doubts about the agreement quickly emerged and prices rebounded, leaving uncertainty at a peak.
💰 Market highlights:
• Strategy added 250 BTC (worth about $21.5 million) against the trend and repurchased $192 million worth of STRC
• Hong Kong’s first spot SOL ETF is on the way! Pando plans to list on Oct. 13, with a management fee of just 0.60%
• Canary launched the U.S.’s first spot staking TRX ETF (ticker: TRXS)
• $INJ became the first L1 blockchain to receive SEC-registered transfer agent status, accelerating the RWA sector
• Mining firm IREN is pivoting to AI infrastructure, having secured a multi-year cloud computing deal with Anthropic
⚠️ Risk alert: BLAST and Abstract Chain have announced they are shutting down. Users with funds remaining should withdraw them to the Ethereum mainnet by Oct. 26!
Among Korean exchanges, Upbit listed Gitcoin and RSR, while Bithumb listed KGEN and ZEST. Watch for spillover effects from Korean won liquidity.
NFA | DYOR
#比特币 #加密货币 #BTC #SolanaETF #币安广场