Japan moves to ban insider trading in crypto by 2026.
🚀 Bitwise launches first Solana ETF (BSOL) with staking rewards.
💼 Coinbase and Riot both report massive Q3 profits — the bulls aren’t gone yet.
Welp, Uptober just ended with a bang (and not the good kind).
Bitcoin nuked below $108K, wiping out most of its monthly gains, while Ethereum and Solana both tanked over 5%.
This bloodbath triggered $1.1B in futures liquidations, with $500M in BTC and $250M in ETH longs wiped out.
The market spiral came right after President Trump’s meeting with Xi Jinping and Fed Chair Powell’s cold reminder that no more rate cuts are coming this year.
Trader sentiment? Shaky. Fear? Rising.
But remember — every rekt candle is just another chapter in the crypto rollercoaster 🎢
In classic Dorsey fashion, one word lit up the dev world this week — “Yes.”
After multiple dev accounts got suspended on GitHub, Jack Dorsey (founder of Twitter and creator of BitChat and White Noise) backed a blockchain-based GitHub alternative.
His tweet — short but spicy — sparked major chatter across X. While Git itself is decentralized, most developers rely on centralized hubs for convenience.
Dorsey’s nod could hint at his next big Web3 move — building censorship-resistant tools for open-source coders.
One thing’s clear: the man’s still pushing hard for a truly decentralized internet.
The Ethereum Foundation (EF) just made a major play — allocating 2,400 ETH (~$9.6M) and $6M in stablecoins into Morpho’s yield vaults.
This marks EF’s first big step into onchain treasury management, aiming to earn passive yield while supporting DeFi protocols like Morpho, Compound, and Spark.
After facing heat for its ETH sell-offs earlier this year, EF’s strategy is now all about transparency, sustainability, and keeping a 2.5-year runway.
TL;DR — the Ethereum Foundation is putting its money where the blockchain is. 💎
Japan’s regulators are going full TradFi on crypto.
The FSA and SESC announced plans to ban insider trading in crypto markets by 2026, targeting leaks on upcoming listings and security vulnerabilities.
The goal? Fairer, more transparent trading and a big boost to investor trust.
And with Sanae Takaichi (a known blockchain supporter) likely stepping in as Prime Minister, Japan could soon become both the most regulated and most crypto-forward nation in Asia.
Konnichiwa, compliance 💼
Massive news for Solana stans — Bitwise just dropped the first-ever U.S. spot Solana ETF (ticker: BSOL) on the New York Stock Exchange!
Managed by Helius Technologies, the ETF even includes on-chain staking rewards (~7% annually) — yes, Wall Street is literally earning yield onchain.
This debut happened amid a U.S. government shutdown, which ironically fast-tracked several crypto ETF approvals.
Analysts say this move cements Solana’s institutional status and might spark a new wave of single-asset crypto ETFs.
SOLid move, Bitwise. 🔥
Coinbase just dropped monster Q3 numbers —
$1.9B revenue (up 58% YoY) and $433M profit, plus they bought 2,772 BTC this quarter alone.
The exchange is also scaling Base, its Layer-2 chain, and exploring tokenized assets next.
Meanwhile, Riot Platforms flexed a $104.5M profit after mining 1,406 BTC, bringing its stash to 19,287 BTC ($2.2B).
Riot’s expansion into Corsicana, Texas means one thing — the Bitcoin miners are very much alive and thriving. ⛏
Alright, that’s a wrap for this week's edition of The Web3 Watch! 🚀
See you all next week!
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