The October 10th Flash Crash and the Stream Implosion: Uncovering the Roots of the Crypto Market's Sharp Sentiment Shift
Merely four days after Bitcoin hit a new all-time high, the crypto market experienced an unprecedented "10/10 Flash Crash." Major cryptocurrencies plummeted by double-digit percentages, numerous altcoins went to zero, several exchanges teetered on the brink of bankruptcy, and automatic deleveraging mechanisms were triggered. Although Trump's election victory was seen as a positive for the industry, crypto asset prices remained depressed, and the ratio of the total crypto market cap to the S&P...
The October 10th Flash Crash and the Stream Implosion: Uncovering the Roots of the Crypto Market's Sharp Sentiment Shift
Merely four days after Bitcoin hit a new all-time high, the crypto market experienced an unprecedented "10/10 Flash Crash." Major cryptocurrencies plummeted by double-digit percentages, numerous altcoins went to zero, several exchanges teetered on the brink of bankruptcy, and automatic deleveraging mechanisms were triggered. Although Trump's election victory was seen as a positive for the industry, crypto asset prices remained depressed, and the ratio of the total crypto market cap to the S&P...
Ethereum's "Second Curve": TradFi and AI Enter Simultaneously, a Trillion-Dollar Settlement Layer Beyond the EVM Quietly Takes Shape
Ethereum's growth narrative is shifting from "scaling" to the spillover and integration of the "application layer." Its development has moved from the infrastructure phase into a period of application explosion and ecosystem reshaping, with a trillion-dollar "second curve" now taking form. Switching Growth Engines: As Layer-2 (L2) scaling solutions mature, Ethereum has largely addressed its performance issues. However, it now faces competition from public chains like Solana and the entry of t...
Ethereum's "Second Curve": TradFi and AI Enter Simultaneously, a Trillion-Dollar Settlement Layer Beyond the EVM Quietly Takes Shape
Ethereum's growth narrative is shifting from "scaling" to the spillover and integration of the "application layer." Its development has moved from the infrastructure phase into a period of application explosion and ecosystem reshaping, with a trillion-dollar "second curve" now taking form. Switching Growth Engines: As Layer-2 (L2) scaling solutions mature, Ethereum has largely addressed its performance issues. However, it now faces competition from public chains like Solana and the entry of t...
October's Crypto Blockbuster: SEC's Final Verdict on Altcoin ETFs Approaches
The U.S. Securities and Exchange Commission (SEC) is set to issue final decisions on at least 16 spot altcoin ETF applications in October 2025, covering assets including SOL, XRP, LTC, DOGE, ADA, and HBAR. The SEC has accelerated its review process, shortening the timeline to under 75 days through new universal listing standards, and has withdrawn 19b-4 filings from some issuers. Key decision dates include: Canary's LTC ETF (October 2), Grayscale's Solana and LTC trust conversions (October 10...
October's Crypto Blockbuster: SEC's Final Verdict on Altcoin ETFs Approaches
The U.S. Securities and Exchange Commission (SEC) is set to issue final decisions on at least 16 spot altcoin ETF applications in October 2025, covering assets including SOL, XRP, LTC, DOGE, ADA, and HBAR. The SEC has accelerated its review process, shortening the timeline to under 75 days through new universal listing standards, and has withdrawn 19b-4 filings from some issuers. Key decision dates include: Canary's LTC ETF (October 2), Grayscale's Solana and LTC trust conversions (October 10...
U.S. SEC and CFTC Join Forces for the First Time, Potentially Greenlighting Perpetual Contracts and 24/7 Markets
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly issued a statement for the first time, planning enhanced collaboration to advance areas such as crypto assets, DeFi, prediction markets, and perpetual contracts. The aim is to boost U.S. competitiveness in the global capital markets. Key objectives include:Opening U.S. crypto markets to foreign trading platforms, introducing perpetual contracts, and exploring 24/7 trading.Clarify...
U.S. SEC and CFTC Join Forces for the First Time, Potentially Greenlighting Perpetual Contracts and 24/7 Markets
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly issued a statement for the first time, planning enhanced collaboration to advance areas such as crypto assets, DeFi, prediction markets, and perpetual contracts. The aim is to boost U.S. competitiveness in the global capital markets. Key objectives include:Opening U.S. crypto markets to foreign trading platforms, introducing perpetual contracts, and exploring 24/7 trading.Clarify...
Tokenized US Stocks Are the New Craze—Are “Crypto Brokers” About to Replace Traditional Ones?
The Race to Sell Apple and Tesla for Stablecoins More than thirty crypto-trading venues—ten of them with >10 million users each—now list “tokenized US equities”. Bybit (70 M), Gate (30 M), Kraken (15 M), OKX Wallet (55 M), Phantom (15 M), Robinhood itself (27 M), Moonshot (20 M) and two unicorns (Bitget, Trust Wallet) let anyone swap USDC or USDT for a blockchain receipt that tracks AAPL, TSLA, NVDA, etc. No KYC, no brokerage account, no clearing house. In the first three months xStocks, the ...
Tokenized US Stocks Are the New Craze—Are “Crypto Brokers” About to Replace Traditional Ones?
The Race to Sell Apple and Tesla for Stablecoins More than thirty crypto-trading venues—ten of them with >10 million users each—now list “tokenized US equities”. Bybit (70 M), Gate (30 M), Kraken (15 M), OKX Wallet (55 M), Phantom (15 M), Robinhood itself (27 M), Moonshot (20 M) and two unicorns (Bitget, Trust Wallet) let anyone swap USDC or USDT for a blockchain receipt that tracks AAPL, TSLA, NVDA, etc. No KYC, no brokerage account, no clearing house. In the first three months xStocks, the ...
