October 27, 2026: The 5 Most-Watched Topics Right Now
1. On the eve of the FOMC meeting
Long liquidations have led to a significant decline in open interest, while market participants broadly turn cautious ahead of the announcement. Spot ETF inflows have also slowed. If $BTC can form a base at the $79,000 level, markets expect capital to be reallocated after the rate decision and policy guidance.
2. Final rules issued for the U.S. GENIUS Act
The rules clearly define operating standards for federally registered banks participating in stablecoin reserve custody, revenue sharing, and on-chain settlement. Compliant stablecoins now have direct access to the U.S. traditional banking system, marking a deep integration of crypto payments with traditional clearing networks and significantly improving compliance and capital efficiency for cross-border institutional transfers.
3. Earnings season for crypto-related stocks kicks off
Coin, hood, PyPl, and several Bitcoin mining giants are set to report their latest third-quarter earnings throughout the week. Key areas of focus include changes in trading fee revenue and the share of revenue from non-trading businesses such as RWA and staking services. These results reflect public markets’ assessment of crypto infrastructure, as well as growth in custody and institutional compliance services.
4. Supply chain and hardware wallet security alerts
The discovery of malware implanted in hardware wallets has attracted widespread attention. Major cold wallet brands and on-chain security firms have issued defensive guidance, prompting broad upgrades to firmware signature verification and decentralized key sharding technologies. Large asset holders and institutional custodians are reviewing the supply chain security of self-custody, driving “hardware + multisig + MPC” solutions to become the standard for storing high-net-worth users’ assets.
5. $ETH tokenized U.S. Treasuries surpass $15.4 billion
The market has grown 125% year over year. Meanwhile, BNY Mellon and hedge fund Citadel completed the first on-chain-recorded triparty repo transaction involving tokenized U.S. Treasuries. RWA $ONDO is entering the Wall Street mainstream, and the use of on-chain assets as highly liquid collateral is maturing, significantly shortening settlement cycles for traditional financial assets.
Which one matters most?