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The three major U.S. stock indices closed higher. The Nasdaq Composite rose 0.80% from the previous day on the 29th to 23,827.49 points. The Dow Jones index closed at 47,706.37 points, up 0.34%, and the S&P 500 closed at 6,891.41 points, up 0.24%.
Jensen Huang (Jensen Huang), NVIDIA (NVIDIA) CEO, said of U.S.-China trade negotiations, "I am confident President Trump will reach a good agreement with China." He added that NVIDIA's sales in China will be close to zero (0) for the time being. On the 28th (local time), according to economic news channel Walter Bloomberg (Walter Bloomberg), CEO Jensen Huang said, "U.S. and China trade negotiations are moving in a positive direction," and "I believe President Trump will produce a mutually beneficial outcome." However, he mentioned, "Considering the current export control environment, NVIDIA's sales in China will remain virtually at a zero level going forward." This suggests that restrictions on exports of artificial intelligence (AI) semiconductors remain strongly in place amid ongoing U.S.-China technological tensions. The market sees Huang's remarks as raising hopes that the Trump administration's policy stance toward China could ease, while also interpreting them as a signal that the semiconductor industry's reliance on China continues to be reduced.
Bitcoin (BTC) temporarily relinquished the $114,000 level. As of 04:46 on the 29th, BTC is trading at $113,947.37 on the Binance Tether (USDT) market, down 0.90% from the previous day.
U.S. Vice President JD Vance said, "A ceasefire is holding in the Gaza Strip." This is the first official U.S. government position after Israeli Prime Minister Benjamin Netanyahu ordered heavy airstrikes on the Gaza Strip. On the 28th (local time), according to business breaking news channel Walter Bloomberg, Vice President Vance said, "Currently the ceasefire agreement in the Gaza Strip is being maintained, and there are no signs of further clashes from either side." Earlier, Netanyahu had ordered heavy airstrikes across the Gaza Strip. As a result, concerns grew about a temporary collapse of the ceasefire, but the U.S. statement indicated that the situation on the ground is being kept under control. The international community is interpreting the remark as a signal that the ceasefire agreement between Israel and Hamas remains in effect, and expects the United States to continue active diplomatic mediation to stabilize the Middle East.
Bitcoin (BTC) temporarily gives up the $115,000 level. BTC is trading at $114,989.09 on the Binance Tether (USDT) market at 03:34 on the 29th, down 0.38% from the previous day.
French MP Éric Ciotti proposed a resolution to ban the introduction of the digital euro (CBDC) that the European Central Bank (ECB) is pursuing, and instead promote euro stablecoins and investment in virtual assets (cryptocurrencies). On the 28th (local time), crypto-specialized media Cointelegraph reported that Ciotti said, "A digital currency issued by a central bank could threaten financial sovereignty and individual freedom," and added, "We should refer to the example of the United States passing the 'Genius' bill, which bans CBDCs and fosters stablecoins." He also added, "We should partially exempt the 2022 Basel standards so that banks can use virtual assets as collateral," and said, "This will promote the activation of virtual asset finance in France." Although the resolution did not include a state-level Bitcoin (BTC) purchase provision, Ciotti said, "He plans to push for the French government to hold 2% of Bitcoin supply in the long term." The industry sees the resolution as likely to provide a new impetus to discussions on the institutionalization of virtual assets in France.
Prediction market platform Polymarket is set to re-enter the U.S. market within weeks. The return is reported to focus on sports-related prediction products. On the 28th (local time), Bloomberg reported that Polymarket has completed the regulatory approval process and is building the infrastructure to provide legal services within the United States. The company plans to initially reopen markets centered on non-financial areas such as sports match outcomes. Polymarket is a blockchain-based prediction platform designed to allow users to predict and trade on outcomes across various topics including politics, economics, and sports. Since the 2021 action by the U.S. Commodity Futures Trading Commission (CFTC), it has operated services in a limited manner focusing on overseas users. The re-entry is viewed as an example symbolizing the expansion of legal prediction market infrastructure in the United States. In particular, the sports-focused service strategy is interpreted as part of Polymarket's plan to re-target the market and secure a broad user base.
Israel has ordered heavy airstrikes on the Gaza Strip. This is a military response about a month after the October 10 ceasefire with Hamas. On the 28th (local time), according to breaking economic news channel Walter Bloomberg, Israeli Prime Minister Benjamin Netanyahu ordered large-scale airstrikes across the Gaza Strip. The specific scope or targets of the operation were not disclosed. The order appears to be related to the recent resumption of armed clashes in the Gaza border areas. Local media reported that after reports of attempted rocket launches by Hamas, the Israeli Air Force entered an immediate response posture. Israel and Hamas reached a ceasefire agreement on October 10, but tensions between the two sides remain unresolved. The international community is concerned that this airstrike could again escalate instability in the Middle East.
The world's largest remittance payments company Western Union (Western Union) is planning to launch a stablecoin next year. The blockchain transition of global remittance networks is expected to gain momentum. On the 28th (local time), economic news bulletin channel Walter Bloomberg (Walter Bloomberg) reported, citing The Wall Street Journal, that Western Union plans to issue its own stablecoin in 2026. The token is expected to be issued on the Solana (SOL) blockchain. Western Union also plans to launch its own Digital Asset Wallet Network (Digital Asset Wallet Network) alongside the stablecoin issuance. The idea is to enable users worldwide to directly use remittance and payment functions on top of blockchain infrastructure. This announcement is viewed as part of a trend of traditional financial institutions moving to blockchain payment networks. Western Union has already conducted pilot programs for virtual asset-based cross-border remittances in some regions, and is expected to gradually expand into the global market after obtaining regulatory approvals.
The United States and China have agreed to lower mutual port fees. As trade frictions between the two countries persist, this measure is interpreted as a signal to ease logistics cost burdens and improve the trading environment. On the 28th (local time), economic news channel Walter Bloomberg cited the Wall Street Journal and reported, "The United States and China have agreed to mutually reduce port fees." The agreement was reached amid ongoing high-level trade and diplomatic talks between the two countries. Experts say that reducing port fees will lead to cost savings in the logistics and shipping sectors, which could have a positive effect on supply chain stabilization and the improvement of trade flows. However, specific details such as the extent of the reductions or the implementation timeline have not yet been disclosed. Attention is focused on whether additional measures to expand U.S.-China economic cooperation will follow.
Retail investor activity is surging on Binance Alpha, the on-chain trading platform within the Binance Wallet. While overall trading volume has grown, the average trade size has decreased, indicating expanded participation centered on small-ticket investments. On the 28th (local time), on-chain data analytics firm CryptoQuant said, "Daily trading volume on Binance Alpha rose from US$17.4 million on August 31 to US$30.6 million recently," and "it peaked at US$61.3 million on October 2." CryptoQuant analyzed that "the decline in average trade size from US$424 to US$247 suggests a growing share of retail investors." This means trading flows are strengthening around smaller investors rather than large institutions. Binance Alpha is an on-chain trading platform within the Binance Wallet that focuses on listings of new and early-stage tokens. Recent increases in the number of listed projects and improved liquidity are assessed to have led to expanded retail investor entry.
The three major U.S. stock indexes are showing mixed performance. The NASDAQ Composite Index is trading at 23,711.55 points as of 00:54 on the 29th, up 0.31% from the previous day. The Dow Jones Industrial Average is up 0.34% at 47,707.54 points, and the S&P 500 index is at 6,875.38 points.
Bitwise's Solana (SOL) staking exchange-traded fund (ETF) 'BSOL' exceeded 10 million dollars in trading volume within the first 30 minutes after listing. This is cited as the fastest liquidity inflow case among newly listed altcoin-based ETFs. On the 28th (local time), crypto-focused media CryptoBriefing reported that the BSOL ETF showed active trading immediately after listing and recorded about 10 million dollars in trading volume within 30 minutes. At the same time, the Canary Hedera (HBAR) ETF (HBR) recorded 4 million dollars, and the Litecoin (LTC) ETF (LTCC) recorded 400 thousand dollars in trading volume, respectively. All three securities began trading simultaneously on major U.S. exchanges that day. Market participants said the rapid trading activation of the Solana ETF was "the result of a structure reflecting staking yields that proved attractive to institutional investors." This performance suggests that altcoin-based ETF products are emerging as a full-fledged investment asset class.
The three major U.S. stock indexes closed higher. The Nasdaq Composite Index was up 1.86% from the previous close on the 28th, recording 23,635.84 points. The Dow Jones Industrial Average was up 0.71% at 47,544.59 points, and the S&P 500 index was up 1.24% at 6,875.78 points at the close.
U.S. tech company IBM has launched an integrated management platform for virtual assets (cryptocurrencies) for institutions, governments, and enterprises, 'IBM Digital Asset Haven'. The platform was jointly developed with Dfns, a wallet service company that Coinbase invested in. On the 27th (local time), according to crypto-focused media The Block, IBM said in an official announcement, "Banks and government agencies can now manage the entire process of digital assets — from custody to trading and settlement — in a single solution," calling it "an enterprise-grade platform with both regulatory compliance and integration features." Digital Asset Haven supports a total of 40 public and private blockchains and is designed around transaction lifecycle management features. It also includes pre-integrated functions such as identity verification (KYC), anti-money laundering (AML), multi-party approvals, and yield generation. IBM explained, "It was designed so that institutional customers can perform wallet creation, trade execution, asset custody, and key security all within a single environment." IBM has participated in the development of enterprise blockchain frameworks such as Hyperledger for more than 10 years. Dfns recently completed integration with IBM's Hyper Protect Virtual Servers, applying hardware-based security to its institutional wallet. Dfns raised US$13.5 million in a seed round led by White Star Capital in 2022 and US$16 million in a Series A round in 2024.
U.S. virtual asset (cryptocurrency) exchange Coinbase is expanding its stablecoin-based credit services in cooperation with global alternative investment firm Apollo Global Management. The two plan to introduce joint products aimed at bringing digital asset finance into the mainstream. On the 27th (local time), crypto-focused media The Block reported that Coinbase's asset management division has partnered with Apollo to strengthen its stablecoin credit portfolio. The cooperation is structured around three pillars: overcollateralized asset lending, direct lending to corporations, and tokenized credit assets. They also plan to launch a stablecoin-linked credit investment product for institutional investors next year. Through this partnership, Coinbase will build an efficient credit supply chain using blockchain infrastructure, and Apollo will provide liquidity through its alternative investment network. The outlet said, "This cooperation is evaluated as a model that breaks down the boundaries between traditional finance and digital asset finance," and added, "Institutional investors' use of stablecoins will increase."
Solana(SOL), Litecoin(LTC), and Hedera(HBAR)-based exchange-traded funds (ETFs) are expected to be listed consecutively within this week. However, the U.S. Securities and Exchange Commission (SEC) may still intervene at the last minute. On the 27th (local time), Bloomberg ETF analyst Eric Balchunas said, "Bitwise's SOL ETF and Canary's LTC·HBAR ETFs are scheduled to list on October 28, and Grayscale's SOL ETF is scheduled to list on October 29." Balchunas added, "If the SEC does not raise an objection at the final stage, it is highly likely that the listings will proceed as scheduled." These listings are expected to accelerate the institutional entry trend of the crypto asset (cryptocurrency) market, as major altcoin-based ETFs beyond Bitcoin(BTC) and Ethereum(ETH) have consecutively entered the approval stage.
Eric Trump, the second son of President Trump and co-founder of World Liberty Financial (WLFI), said that several countries, including the United Arab Emirates (UAE), are actively purchasing Bitcoin (BTC). On the 27th (local time), according to crypto asset (cryptocurrency) media WatcherGuru, Eric Trump said in a recent interview, "Many countries, including the UAE, are purchasing Bitcoin on a large scale," and added, "The expansion of Bitcoin holdings at the national level is becoming a new global trend." He added, "Bitcoin is being regarded as an asset that is not subject to central control, unlike the existing financial order," and "The movement of countries approaching it as a long-term store of value is becoming increasingly clear."
The Federal Reserve (Fed) appears likely to see divided opinions among members over the size of a rate cut at this week's meeting. Global investment bank Barclays expects the Fed to cut rates by 0.25 percentage point while also raising the possibility that some members may push for a larger cut. On the 27th (local time), according to the economic news channel Walter Bloomberg, Barclays said in a report, "The Fed is likely to cut rates by 0.25 percentage point this week," adding, "however, Director Miran may call for a more aggressive cut, while some other members may prefer to hold steady." Markets are also paying attention to the possibility that the Fed may signal the end of balance sheet reduction. This could be interpreted as a clear sign of easing from a monetary tightening stance.
U.S. Senator Elizabeth Warren is expected to introduce a resolution in the Senate criticizing President Donald Trump's decision to pardon Changpeng Zhao (CZ), the founder of Binance. The move shows that political controversy related to the Trump administration's virtual assets (cryptocurrency) policy is spreading. On the 27th (local time), according to Decrypt, Senator Warren plans to submit the resolution condemning the president's pardon decision this week. Democratic Senator Adam Schiff, who has supported the virtual assets industry, is also participating as a co-sponsor. In a letter sent to all senators, Warren and Schiff said, "The announcement that President Trump will pardon Changpeng Zhao is the result of months of deepening business relations between Zhao and the Trump family," and emphasized, "Congress must establish institutional measures to prevent corruption by public officials, including the president's family." However, the outlet reported that "a resolution directly condemning President Trump is unlikely to pass in the Senate." A vote on the resolution is expected to be held this week.
Citigroup(Citigroup) has partnered with Coinbase, the largest U.S. virtual asset (cryptocurrency) exchange, to provide stablecoin payment services. The move is drawing attention as a case of a traditional financial institution entering digital asset payment infrastructure. On the 27th (local time), according to economic news channel Walter Bloomberg(Walter Bloomberg), Citigroup has entered a strategic partnership with Coinbase to build a stablecoin-based payment solution. The collaboration aims to enhance real-time payment and liquidity management systems for global corporate clients. Citigroup has been exploring blockchain payment technology as an alternative to address processing speed and cost issues in existing international remittance networks. As part of that effort, the partnership plans to commercialize a regulatory-friendly stablecoin payment service using Coinbase's infrastructure. The financial industry expects Citigroup to accelerate the digital payment transition for global corporate clients. Observers note that the scope of the partnership could also include the potential integration with central bank digital currencies(CBDC) in the future.
Asset manager Canary has been confirmed to have submitted 8-1 documents for the launch of Litecoin (LTC) and Hedera (HBAR) exchange-traded funds (ETFs). This is a procedure that corresponds to a step before the formal submission of a registration statement (S-1) to the U.S. Securities and Exchange Commission (SEC). On the 27th (local time), Bloomberg ETF analyst Eric Balchunas said, "Canary has submitted 8-1 documents related to LTC and HBAR ETFs," adding, "It appears to be a process of internal review and gauging market reaction prior to a formal S-1 submission." In the ETF industry, the submission is being viewed as a sign of diversification of ETFs based on alternative assets.
The three major U.S. stock indices are showing gains. The Nasdaq Composite was trading at 23,554.48 points at 00:05 on the 28th, up 1.51% from the previous close. The Dow Jones index was up 0.44% at 47,416.54 points, and the S&P500 index was up 0.85% at 6,849.33 points.
The three major U.S. stock indices closed higher. The Nasdaq Composite recorded 23,204.02 points on the 25th, up 1.14% from the previous day. The Dow Jones index was up 1.03% to 47,213.79 points, and the S&P 500 index was up 0.78% to 6,790.65 points.
U.S. President Donald Trump has nominated Michael Selig(Michael Selig) as the new chair of the Commodity Futures Trading Commission (CFTC) to respond to the growth of the virtual asset (cryptocurrency) market. On the 24th (local time), according to virtual asset-focused media Bitcoin Magazine, President Trump said, "Virtual assets and the digital asset market are rapidly expanding," and added, "new leadership must establish a clear regulatory framework." Michael Selig is a legal expert with long experience in the field of digital asset regulation, and has served on the CFTC's Innovation Advisory Committee and the SEC's digital asset policy consultative body. He has presented consistency in market oversight and strengthening investor protection as major objectives.
Alex Sohn, head of research at Galaxy Digital, warned that if Bitcoin (BTC) falls below $100,000 it could create 'significant unease' across the market. He assessed that damage to investor sentiment toward the structural bull market is a greater risk factor than a short-term correction. On the 24th (local time), according to crypto media Cointelegraph, Sohn said, "If Bitcoin falls below $100,000, concerns that the structural bull market could be shaken will widen," adding, "this could temporarily dampen market confidence." He went on to explain, "The worst-ever forced liquidation incident on October 10 was not due to Bitcoin's fundamentals," adding, "it was simply because Bitcoin was being traded like a macro asset." Sohn also added, "Bitcoin is currently showing a stair-step upward trend, which indicates that passive buying is gradually flowing in." Bitcoin was trading at $110,540.25, up 0.12% from the previous day on the Binance Tether (USDT) market at 03:36 on the 25th.
Stablecoin issuer Tether(USDT) has begun seeking new investment to issue a new stablecoin 'USAT' within the United States. This measure is a separate issuance project tailored to the U.S. regulatory environment, aiming to establish an independently operated model within the market. On the 24th (local time), according to cryptoasset (cryptocurrency) media CoinDesk, Tether is conducting procedures to attract investment for issuing the USAT stablecoin. The specific investment amount and participating institutions have not yet been disclosed. The outlet reported, "Tether is pursuing a strategy that runs in parallel to maintain its share in the global market while meeting U.S. regulatory and payment infrastructure requirements."
Live streaming platform Rumble has introduced a tipping feature for digital assets (cryptocurrencies) such as Bitcoin (BTC). It is expected to expand economic activity on the platform by enabling direct rewards between creators and viewers. On the 24th (local time), according to crypto-focused media WatcherGuru, Rumble launched a feature that allows users to send and receive tips in major digital assets such as Bitcoin during broadcasts. Rumble has 51 million users. This feature aligns with Rumble's strategy to strengthen a creator-centric ecosystem. The company said, "Through a digital asset payment system, content creators will be able to generate revenue more freely."
Bitcoin (BTC) temporarily recovered to 110,000 dollars. As of 01:26 on the 25th, BTC is trading at 110,207.83 dollars on the Binance Tether (USDT) market, up 0.26% from the previous day.
Solana (SOL)-based meme coin launchpad Pump.fun has acquired multi-chain trading terminal Padre. The acquisition is interpreted as a strategic move to increase meme coin trading accessibility and expand the multi-chain ecosystem. On the 24th (local time), according to virtual asset (cryptocurrency) specialized media Cointelegraph, Padre is a multi-chain trading platform that supports the Ethereum (ETH), Solana, BNB Chain (BNB Chain), and Base (Base) chains, where meme coin-centered trading has been active. Through this acquisition, Pump.fun plans to provide an integrated environment that allows users to trade meme coins simultaneously across multiple blockchains. In particular, cross-trading functionality between Solana and the Base network is expected to be improved. The outlet analyzed, "This acquisition has provided Pump.fun with an opportunity to transition from a single-chain launchpad to a multi-chain trading ecosystem."