Bitget Daily Digest(October 16)|SEC to Introduce Innovative Exemption Mechanism by End of 2025; Japan Plans Legislation to Ban Crypto Insider Trading; Aptos Partners with Reliance Jio to Launch Blockc
Today's Preview
1. The token allocation query tool for Solana ecosystem liquidity protocol Meteora (MET) will officially launch at 20:00 on October 16, 2025.
2. Stablecoin protocol STBL will unlock 231 million tokens on October 16, 2025; all tokens will remain locked in the treasury to support the protocol’s long-term development.
3. The Aptos Summit, The Aptos Experience, will successfully conclude in New York on October 16, 2025.
Macro & Hot Topics
1. MegaETH launched the first real-time blockchain on October 15, 2025 and opened registration. Future potential crypto asset issuances will support USDT payments on Ethereum mainnet, possibly adopting an English auction and a one-year lockup with a 10% discount.
2. The Aptos Experience 2025 conference is being held in New York from October 15 to 16, 2025. Aptos is building a global unified economic network, actively promoting the integration of DeFi and real-world regulation, attracting participation from numerous top institutions.
3. SEC Chairman Paul Atkins stated that cryptocurrency and tokenization are \"top priorities\" for the SEC, with plans to launch an innovation exemption mechanism from late 2025 to early 2026.
4. Japanese financial regulators are drafting regulations to explicitly prohibit insider trading of cryptocurrencies, with economic penalties for violations.
Market Updates
1. BTC and ETH experienced a short-term pullback, with market sentiment leaning towards fear. Approximately $ 33.61 million in liquidations occurred over the past 4 hours, mostly short positions.
2. US stocks closed mixed; the Dow Jones saw a slight correction, while the Nasdaq and S&P 500 posted modest gains.
3. Bitget BTC/USDT liquidation map shows the current price at 110,418 USDT. High-leverage long and short liquidations are concentrated in the 109,994 to 113,536 range, indicating potential for volatile swings in the short term. Caution is advised regarding liquidation risks.
4. In the past 24 hours, the BTC spot inflow was $279 million, the outflow was $312 million, resulting in a net outflow of $33 million.
5. Over the past 24 hours, contract trading for BTC, ETH, USDT, BNB, and XRP led in net outflows, which may present trading opportunities.
News Updates
1. The California Governor has signed a bill to protect unclaimed cryptocurrency from forced liquidation, ensuring assets are transferred to state custody in their original form.
2. Eric Trump confirmed plans to launch a real estate tokenization project through World Liberty Financial.
3. In the past 24 hours, the total amount of crypto liquidations across the network reached $424 million, mainly from long positions.
4. Japan is set to strengthen regulation, with official legislation to ban insider trading in cryptocurrencies soon to take effect.
Project Developments
1. The Aptos Foundation has partnered with Indian telecom giant Reliance Jio to launch a blockchain rewards platform, with the beta version already reaching 9.4 million users.
2. Bhutan is migrating its national digital identity system from Polygon to the Ethereum blockchain, serving 800,000 residents.
3. Ripple has partnered with Africa’s Absa Bank to provide digital asset custody services for institutional clients in South Africa.
4. Superstate, in collaboration with Backpack Exchange, has introduced native tokenized stocks to a centralized trading platform for the first time.
5. Alvara Protocol’s mainnet is officially live, launching the ERC-7621 basket token standard to support the creation and circulation of investment baskets.
6. Erebor has received a conditional federal banking license from the US OCC and will provide services to crypto and tech startups.
7. RootstockLabs has launched the Rootstock Institutional initiative, aiming to convert $260 billion worth of Bitcoin into productive DeFi assets.
8. Bitget Wallet has rolled out a crypto payment card in the Asia-Pacific region, supporting spending across Mastercard and Visa networks.
9. Monad has opened MON token airdrop claims to 230,000 eligible users as a warm-up for mainnet launch.
10. KAIO has launched the Hamilton Lane tokenized senior credit opportunities fund on the Sei Network, driving innovation in the RWA (real world assets) sector.
Disclaimer: This report was generated by AI and human-verified for accuracy. It is not intended as investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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