Bloomberg

CoinDesk Daybook

The crypto market is buoyant, with bitcoin (BTC) climbing to $111,500 and the CoinDesk 20 (CD20) Index rising 2% to 3,667 points. Most major cryptocurrencies, including BNB, XRP, SOL, and ETH, traded higher after President Trump pardoned #Binance founder Changpeng Zhao.

Additionally, the #whitehouse confirmed a Trump-Xi meeting on the sidelines of the Korea summit early today.

Timothy Misir, head of research at BRN, described the market bounce as constructive but fragile. "The positive ETF print into Bitcoin and Dolphin cohort accumulation provide a steadying base, yet long-term holder distribution and a record options complex leave the market exposed to volatility," Misir said.

Traders awaited Friday's U.S. consumer price index data, which is expected to show the cost of living rose to an 18-month high in September. The way options were priced on Deribit suggested a 2.9% post-CPI price swing in ether compared to less than 2% in bitcoin.

Ahead of the pivotal data, an OG trader who walked away with a $200 million profit following the Oct. 10 crash closed its recently initiated bearish short bet on BTC.

Amid all this, a #Bloomberg report said that investment banking giant JPMorgan is set to allow institutional clients to use bitcoin and ether as collateral. Talk about deepening integration of crypto into the traditional financial system!

In other news, rumors of insider trading swirled on social media after #stablecoin -focused layer 1 blockchain Stable said that Phase 1 of its pre-deposit campaign quickly hit the $825 million hard cap in minutes after opening.

Meanwhile, #Multicoin Capital proposed the innovative concept of perpetual futures contracts tied to Attention Assets, which would enable traders to take long or short positions based on the level of cultural or social attention a topic or entity receives.

These “Attention perps” will leverage Attention Oracles, aggregating data from prediction markets and other inputs to create a reliable index reflecting real-world attention.

In traditional markets, the dollar index held steady near 99.00, and the 10-year Treasury yield looked to extend Thursday's bounce to 4%. A hotter-than-expected U.S. inflation report later Friday could add to DXY's bullishness, capping BTC's gains. Stay alert!

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According to Bloomberg, the use of stablecoins for everyday payments and business transactions in the United States has surged by over 70% since the introduction of the country’s first comprehensive cryptocurrency regulatory legislation earlier this year. The new framework, designed to bring digital dollar–pegged tokens under formal oversight, has quickly transformed stablecoins from speculative trading tools into legitimate financial instruments for real-world use.

Data from blockchain analytics firm Artemis shows that by August 2025, stablecoin transaction volumes linked to goods, services, and consumer transfers exceeded $10 billion — a dramatic increase from $6 billion in February and more than double the figures recorded in August 2024. Artemis researchers estimate that, at the current rate of expansion, the annual stablecoin payment volume could reach $122 billion by the end of the year.

The report highlights that the regulatory shift has given businesses and consumers the confidence to transact in digital dollars, reducing friction and volatility that previously discouraged adoption. Stablecoins such as USDC, USDT, and PYUSD have seen growing integration with mainstream payment processors, digital banks, and e-commerce platforms, enabling smoother crypto-to-fiat conversions and real-time settlement.

Bloomberg’s analysis suggests that this surge is not just a result of regulatory clarity, but also reflects the broader evolution of digital finance in the United States. The move toward tokenized payments aligns with the Federal Reserve’s interest in modernizing cross-border settlements and could serve as a bridge toward eventual CBDC (Central Bank Digital Currency) implementation.

From my view, this moment marks a pivotal inflection point — stablecoins are no longer confined to crypto exchanges or DeFi ecosystems; they’re quietly becoming the digital plumbing of the payment economy. For businesses, stablecoins offer lower transaction costs and faster settlement times. For consumers, they represent a simpler, borderless way to move value without touching the legacy banking system.

The Artemis data effectively captures what’s happening on the ground: stablecoins are transitioning from niche instruments to macro-scale payment infrastructure. As the U.S. regulatory environment continues to mature, and as institutions increasingly adopt on-chain settlement systems, stablecoins could become the default medium for digital payments — not just in crypto, but across global commerce.

#Bloomberg #Stablecoins

According to Bloomberg, multiple leading Asian stock exchanges are reportedly restricting companies from holding Bitcoin in their treasuries.
💼 In Hong Kong, at least five firms have been blocked, while India and Australia are enforcing similar curbs.
🌏 This highlights the tension between traditional finance regulators and crypto innovators.
📊 Experts believe these actions might slow short-term Bitcoin adoption in Asia, but could eventually boost decentralization and on-chain resilience.
#CryptoNews #bitcoin #Bloomberg #BTC #AsiaMarkets

CoinDesk Daybook

Crypto market sentiment remains unsettled following bitcoin's (BTC) quick reversal of the early Tuesday spike to $114,000, and most altcoins mimicked the pop and drop. The #CoinDesk 20 Index is little changed over 24 hours even as gold's rally stalled, raising hopes of rotation into digital assets.

The two-way price action liquidated crypto futures bets worth $600 million. According to #CryptoQuant , this represents a three-sigma liquidation event: The liquidation volume was three standard deviations away from the average, marking it as an extreme outlier and an indicator of heightened volatility.

Meanwhile, the ratio of open interest (OI) in bitcoin options to futures OI rose to the highest level since late 2023. That's typically a sign amplified price swings are in the offing. Additionally, bitcoin's 30-day implied volatility indices, BVIV and DVOL, remain elevated (check the Technical Analysis section), sustaining the gains seen following the Oct. 10 crash and underscoring the lingering uncertainty.

"Such fluctuations do not contribute to improving the mood of crypto investors," Alex Kuptsikevich, the FxPro chief market analyst, said in an email.

The lingering nervousness, reflected in the Crypto Fear & Greed index's drop to 25, could be a good entry point. "At current levels, the rule of ‘buy when everyone is afraid’ may work, or there may be a switch to a more intense sell-off after three months of stagnation," he said.

In other news, #Japan 's newly elected Prime Minister Sanae Takaichi is said to be preparing an economic stimulus package that exceeds last year's $92 billion to help households tackle inflation. The move is seen as adding to BTC's upward trajectory by the observers including Arthur Hayes, CIO of Maelstrom Fund.

In industry news, the #WSJ said crypto trading firm FalconX is acquiring ETF manager 21Shares, and the combined firm will develop funds focused on derivatives and structured products.

A #Bloomberg report noted that some of Asia's biggest stock exchanges have grown averse to digital asset treasury firms. As for traditional markets, the dollar index held on to weekly gains and gold fell for the second day, nearly testing the $4,000 per ounce price mark. Stay alert!

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$BTC $ZEC

$BTC
💥 In a stunning twist, major Asian stock exchanges are pushing back hard against corporations looking to stack Bitcoin on their balance sheets! 🏦⚡
According to Bloomberg, Hong Kong Exchanges have already blocked at least five companies from adding BTC to their treasuries — and India 🇮🇳 and Australia 🇦🇺 are following suit with similar restrictions. 😱
$BTC

🌏 This bold crackdown exposes the growing clash between traditional finance and the unstoppable crypto revolution. On one side: regulators clinging to control 🧱 — on the other: innovators fighting for financial freedom 💪💎
📊 Analysts warn this could temporarily cool Bitcoin adoption across Asia...
But long-term? 🔥 It might ignite a new era of decentralization, driving corporations on-chain and off the grid of old-school financial systems. 🛰️💻
💬 As one expert put it: “You can slow Bitcoin… but you can’t stop it.” 🚀
💣 The message is clear: The East may resist, but Bitcoin’s global takeover marches on. 🌍⚡
#Bitcoin #BTC #CryptoNews #AsiaMarkets #Bloomberg #Decentralization

According to a recent Bloomberg report, several leading stock exchanges across Asia are restricting companies from adding Bitcoin (BTC) to their corporate balance sheets.
💼 In Hong Kong, regulators have reportedly blocked at least five firms from pursuing BTC-related treasury plans — while India and Australia are enforcing similar policies.
🌏 The development highlights the ongoing tug-of-war between traditional regulators and the crypto industry’s drive toward innovation.
📊 Experts believe this may slow short-term Bitcoin adoption among listed firms in Asia — but over time, it could accelerate decentralization and encourage on-chain autonomy instead.
#CryptoNews #Bitcoin #Bloomberg #Asia #Blockchain