Markets & Funds
Weekly liquidations across the crypto market neared $948 million, as BTC rebounded after falling below $80K on Thursday. On Thursday (10/15), BTC dipped to a low of $79,711, falling below $80,000 for the first time in over a month. The market has rebounded over the past 12 hours, with BTC climbing back above $81,700. Long positions accounted for over 90% of liquidations this week, with forced liquidations of leveraged longs amplifying the decline.
Saylor: The bull market is still in its early stages, with $100K in sight. Strategy's BTC holdings hit a record 848,250, though the pace of accumulation has slowed.
Strive and BitMine add to holdings against the trend. Strive increased its holdings to 35,595 BTC (fourth among publicly listed U.S. companies) and moved forward with a $630 million preferred stock offering. BitMine added 110,000 ETH, bringing its total holdings to over 3.5 million ETH, but is sitting on paper losses of about $1.66 billion—buying more as prices fall.
Institutions & Industry
Goldman Sachs, Wells Fargo, and Morgan Stanley ramp up tokenization efforts. The three investment banks see tokenization as a growth opportunity rather than a competitive threat. Wells Fargo is already processing cross-border payments using tokenized deposits, while Polygon has entered traditional payments through its acquisition of Coinme.
Circle accelerates global expansion. It announced plans to enter around 40 new emerging markets (through its acquisition of Tazapay and a strategic investment from Binance). First-half revenue was about $1.4 billion. As U.S. bill $GENIUS nears passage, dollar stablecoins are approaching a turning point for mass adoption.
Japan's three largest financial institutions complete a yen stablecoin PoC. Built on a trust-based framework, the project focuses on cross-border corporate payments, with commercial launch planned by the end of March 2027.
Celestia launches high-performance EVM chain $EDEN as a sandbox for AI agent commerce experiments. $SUI developer Mysten Labs reshuffles its leadership and partners with Google Cloud to deepen its work on AI infrastructure.
3.3 Regulation & Policy
France proposes a 31.4% tax on crypto-to-stablecoin conversions, effective 2027. The EU and eight countries signed an additional protocol to the Warsaw Convention on the same day, strengthening cross-border cooperation against crypto-related financial crime.
The Bank of Russia sets its course: P2P crypto trading will end on July 1, 2027. Sberbank and the Moscow Exchange will launch related services on December 1.
White House crypto council Executive Director Patrick Witt departs, with no successor named; the CLARITY Act has stalled in the Senate. The WSJ revealed that Tether paid about $6.3 million to Nxum, co-founded by Bo Hines.
An in-person Solana event in Shanghai was called off, with apparent law enforcement involvement at the venue, once again highlighting domestic compliance risks.
Weekly liquidations across the crypto market neared $948 million, as BTC rebounded after falling below $80K on Thursday. On Thursday (10/15), BTC dipped to a low of $79,711, falling below $80,000 for the first time in over a month. The market has rebounded over the past 12 hours, with BTC climbing back above $81,700. Long positions accounted for over 90% of liquidations this week, with forced liquidations of leveraged longs amplifying the decline.
Saylor: The bull market is still in its early stages, with $100K in sight. Strategy's BTC holdings hit a record 848,250, though the pace of accumulation has slowed.
Strive and BitMine add to holdings against the trend. Strive increased its holdings to 35,595 BTC (fourth among publicly listed U.S. companies) and moved forward with a $630 million preferred stock offering. BitMine added 110,000 ETH, bringing its total holdings to over 3.5 million ETH, but is sitting on paper losses of about $1.66 billion—buying more as prices fall.
Institutions & Industry
Goldman Sachs, Wells Fargo, and Morgan Stanley ramp up tokenization efforts. The three investment banks see tokenization as a growth opportunity rather than a competitive threat. Wells Fargo is already processing cross-border payments using tokenized deposits, while Polygon has entered traditional payments through its acquisition of Coinme.
Circle accelerates global expansion. It announced plans to enter around 40 new emerging markets (through its acquisition of Tazapay and a strategic investment from Binance). First-half revenue was about $1.4 billion. As U.S. bill $GENIUS nears passage, dollar stablecoins are approaching a turning point for mass adoption.
Japan's three largest financial institutions complete a yen stablecoin PoC. Built on a trust-based framework, the project focuses on cross-border corporate payments, with commercial launch planned by the end of March 2027.
Celestia launches high-performance EVM chain $EDEN as a sandbox for AI agent commerce experiments. $SUI developer Mysten Labs reshuffles its leadership and partners with Google Cloud to deepen its work on AI infrastructure.
3.3 Regulation & Policy
France proposes a 31.4% tax on crypto-to-stablecoin conversions, effective 2027. The EU and eight countries signed an additional protocol to the Warsaw Convention on the same day, strengthening cross-border cooperation against crypto-related financial crime.
The Bank of Russia sets its course: P2P crypto trading will end on July 1, 2027. Sberbank and the Moscow Exchange will launch related services on December 1.
White House crypto council Executive Director Patrick Witt departs, with no successor named; the CLARITY Act has stalled in the Senate. The WSJ revealed that Tether paid about $6.3 million to Nxum, co-founded by Bo Hines.
An in-person Solana event in Shanghai was called off, with apparent law enforcement involvement at the venue, once again highlighting domestic compliance risks.