2026-10-13 Market Morning Brief
Crypto markets weakened this morning, with NEAR down more than 12% over the rolling 24 hours. Stock markets were mixed: the Dow rose, while the Nasdaq and the ChiNext Index fell. This brief covers news from 00:00 on October 12 to 07:00 on October 13.
【Top Stories】
1. Fed official discusses the pace of policy. Hammack said on the 12th that inflationary pressures are broad-based and that restrictive monetary policy is still needed. When conditions allow, she would favor smaller, relatively faster adjustments. This is her personal view and should not be taken as evidence that the FOMC has decided to raise rates or set a specific pace. Watch whether subsequent data could change this view.
2. Cross-border risks involving stablecoins draw attention. A new FSB report notes that concentrated redemptions could transmit stress to traditional finance through sales of reserve assets and withdrawals of bank deposits. Multiple issuers could also face mismatches between redemption demand and the locations of their reserves. The report calls for stronger monitoring and cross-border cooperation; it does not mean new rules are already in force. The key question is who would meet redemption requests during a period of stress, and whether funds could be mobilized in time.
3. RLUSD enters bank custody. Standard Chartered announced that its DIFC branch will offer institutions custody of RLUSD on XRPL. A collateral mirroring arrangement involving Ripple and LMAX is still subject to the completion of documentation, testing, and approvals. The launch of custody does not mean the trading collateral feature is already available.
4. Aptos announced that its encrypted mempool is live on mainnet. Users can choose to encrypt transaction details on a per-transaction basis to reduce MEV risks such as front-running. The sender and transaction fee remain public, so this should not be understood as providing complete anonymity or eliminating all MEV.
【Hong Kong Stocks】
October 12 close: Hang Seng Index 24,271, up 59 points; Hang Seng TECH Index 4,169, down nearly 0.7%; main board turnover exceeded HK$162.6 billion. Chinese bank stocks were relatively strong, with CMB up more than 3%, while Xiaomi fell more than 5%. Despite a slight rise in the index, sector performance varied considerably.
【Securities Markets】
A-share market close on October 12: Shanghai Composite 3,797 (-0.43%), Shenzhen Component 12,384 (-2.03%), ChiNext 2,963 (-2.61%); bank stocks rose against the market trend.
U.S. market close on October 12 local time: Dow 51,850 (+0.38%), S&P 500 7,807 (-0.06%), Nasdaq 27,245 (-0.44%). Mega-cap tech stocks were mixed, with Meta up more than 3% and Tesla and Amazon down more than 1%.
【Popular Tokens】
Sampled from Binance spot at 07:00:28 Beijing time on October 13. Prices are in USDT; figures in parentheses show rolling 24-hour changes:
$BTC 82176.65 (-1.77%); $ETH 2463.96 (-2.77%); $NEAR 5.085 (-12.52%); SOL 106.45 (-4.18%); ZEC 1200.90 (-4.64%).
Among these five tokens, NEAR had the steepest decline, with rolling 24-hour trading volume of about 238 million USDT. No independent event directly related to its decline has been verified so far.
Crypto markets weakened this morning, with NEAR down more than 12% over the rolling 24 hours. Stock markets were mixed: the Dow rose, while the Nasdaq and the ChiNext Index fell. This brief covers news from 00:00 on October 12 to 07:00 on October 13.
【Top Stories】
1. Fed official discusses the pace of policy. Hammack said on the 12th that inflationary pressures are broad-based and that restrictive monetary policy is still needed. When conditions allow, she would favor smaller, relatively faster adjustments. This is her personal view and should not be taken as evidence that the FOMC has decided to raise rates or set a specific pace. Watch whether subsequent data could change this view.
2. Cross-border risks involving stablecoins draw attention. A new FSB report notes that concentrated redemptions could transmit stress to traditional finance through sales of reserve assets and withdrawals of bank deposits. Multiple issuers could also face mismatches between redemption demand and the locations of their reserves. The report calls for stronger monitoring and cross-border cooperation; it does not mean new rules are already in force. The key question is who would meet redemption requests during a period of stress, and whether funds could be mobilized in time.
3. RLUSD enters bank custody. Standard Chartered announced that its DIFC branch will offer institutions custody of RLUSD on XRPL. A collateral mirroring arrangement involving Ripple and LMAX is still subject to the completion of documentation, testing, and approvals. The launch of custody does not mean the trading collateral feature is already available.
4. Aptos announced that its encrypted mempool is live on mainnet. Users can choose to encrypt transaction details on a per-transaction basis to reduce MEV risks such as front-running. The sender and transaction fee remain public, so this should not be understood as providing complete anonymity or eliminating all MEV.
【Hong Kong Stocks】
October 12 close: Hang Seng Index 24,271, up 59 points; Hang Seng TECH Index 4,169, down nearly 0.7%; main board turnover exceeded HK$162.6 billion. Chinese bank stocks were relatively strong, with CMB up more than 3%, while Xiaomi fell more than 5%. Despite a slight rise in the index, sector performance varied considerably.
【Securities Markets】
A-share market close on October 12: Shanghai Composite 3,797 (-0.43%), Shenzhen Component 12,384 (-2.03%), ChiNext 2,963 (-2.61%); bank stocks rose against the market trend.
U.S. market close on October 12 local time: Dow 51,850 (+0.38%), S&P 500 7,807 (-0.06%), Nasdaq 27,245 (-0.44%). Mega-cap tech stocks were mixed, with Meta up more than 3% and Tesla and Amazon down more than 1%.
【Popular Tokens】
Sampled from Binance spot at 07:00:28 Beijing time on October 13. Prices are in USDT; figures in parentheses show rolling 24-hour changes:
$BTC 82176.65 (-1.77%); $ETH 2463.96 (-2.77%); $NEAR 5.085 (-12.52%); SOL 106.45 (-4.18%); ZEC 1200.90 (-4.64%).
Among these five tokens, NEAR had the steepest decline, with rolling 24-hour trading volume of about 238 million USDT. No independent event directly related to its decline has been verified so far.