Bitget Daily Digest（October 20 ）｜CFTC Crypto Regulation Consultation Deadline; STBL Launches $100M USST Minting; Polymarket Bets US Gov't Shutdown Lasts Beyond November
Today's Preview
- In the past 24 hours, the inflow of stablecoins on the Ethereum network reached $995.8 million, the largest among all networks.
- The Ethereal perpetual contracts DEX protocol is scheduled to launch its mainnet on October 20, 2025.
- Sources: The Polymarket token is slated for release in 2026, to be implemented after the US market reopens.
Macro & Hot Topics
- Japan is actively adjusting its crypto regulations, with the Financial Services Agency considering allowing banks to hold cryptocurrencies, aiming to encourage traditional banks' participation in the digital asset sector.
- AI-driven crypto project Astra Nova experienced market manipulation. The team has pledged to buy back affected tokens worth $10 million to restore community confidence.
- The US Commodity Futures Trading Commission (CFTC) public consultation on crypto asset regulation will conclude on October 20, 2025.
Market Updates
1. BTC and ETH prices have risen, but market sentiment remains cautious. Approximately $38 million in positions were liquidated in the past 4 hours, mainly short positions.
2. All three major U.S. stock indices closed higher, with the Dow, Nasdaq, and S&P 500 each gaining about 0.5%, reflecting a positive market mood.
3. According to Bitget's liquidation map, BTC is currently priced at 108,012 USDT, with intense long and short liquidations nearby. Short-term volatility risk is heightened; be alert for sharp market moves.
4. In the past 24 hours, BTC spot inflows totaled $2.692 billion, while outflows reached $2.719 billion, resulting in a net outflow of $27 million.
5. Over the past 24 hours, contract trading in BTC, ETH, USDT, BNB, XRP, and other tokens saw leading net outflows, potentially signaling trading opportunities.
News Updates
- Polymarket: The market estimates a 75% probability that the US government shutdown will last beyond the end of November.
- Chinese regulators have halted plans by Ant Group, JD.com, and other tech giants to issue stablecoins in Hong Kong, bringing attention to the prospects for privately issued digital currencies.
- US Department of Homeland Security: Chinese criminal groups are using gift cards to launder and transfer funds.
- Vitalik published an article on the GKR protocol, which enables rapid proofs for ZK-EVM, zk-ML, and similar use cases.
Project Developments
- STBL has announced the launch of its $100 million USST minting plan, with over $2 million minted initially.
- Sources: The Polymarket token will be issued in 2026, upon the reopening of the US market.
- Jupiter DEX launched the Ultra v3 version to enhance speed and security on the Solana network.
- The NEAR Foundation has appointed five senior executives to oversee product, business, marketing, and other domains.
- Honeypot Finance completed a new funding round at a $35 million valuation.
- Tether Treasury minted an additional 1 billion USDT on the Ethereum network.
- Astra Nova will buy back affected RVV tokens in equal measure to stabilize liquidity.
- Polymarket: The market gives a 75% probability that the US government shutdown will persist beyond the end of November.
Disclaimer: This report is AI-generated, with information verified by humans. It does not constitute 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.
You may also like
Privacy Coins and Market Fluctuations: Uncovering the Factors Behind ZEC's Latest Price Jump
- Zcash (ZEC) surged 700% in late 2025 driven by institutional backing and network upgrades like the Zashi wallet. - Regulatory pressures and market fragmentation intensified as exchanges delisted privacy coins and liquidity shifted to decentralized platforms. - ZEC's volatility reflects macroeconomic tailwinds and speculative demand, but its long-term viability hinges on balancing privacy with regulatory compliance. - Institutional adoption of privacy coins accelerated in 2025, yet fragmented markets and
Why Dash (DASH) Is Soaring as Institutions Embrace It and Privacy Concerns Fuel Demand
- Dash (DASH) surged 150% in June 2025, driven by institutional adoption and privacy-focused demand. - Institutional ownership reached 90.64% after AGF Management's $7.79M investment and DoorDash's $450M partnership. - Dash Platform 2.0 enhanced scalability while PrivateSend usage grew 25% YoY amid rising privacy needs. - Regulatory challenges persist under EU MiCA and SEC scrutiny, prompting multi-jurisdictional compliance strategies. - DeFi integration and Latin American adoption expanded DASH's utility
ZK Atlas Upgrade: Pioneering the Future of Blockchain Infrastructure for Enhanced DeFi Scalability
- ZKsync's 2025 Atlas Upgrade revolutionizes DeFi scalability via zero-knowledge rollups, boosting transaction throughput to 43,000 TPS and slashing costs to $0.0001 per transfer. - Modular architecture with Atlas Sequencer and Airbender Prover enables real-time execution, while zkSync OS supports EVM/WASM compatibility and cross-chain liquidity unification. - Post-upgrade DeFi metrics show 300% transaction volume growth and $0.28–$1.32 ZK token price projections, positioning ZKsync as a key Layer 2 infras
Bloomberg: Power Theft Exceeds $1 Billion as Malaysia Bitcoin Mining Rigs Overwhelm
Malaysia has uncovered approximately 14,000 illegal cryptocurrency mining sites in the past five years, causing the state-owned power company losses of over $1.1 billion. In response, the local government established a special committee in November 2025 to consider a total ban on mining,
Trending news
MoreCrypto prices
More
