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According to Bloomberg, data shows that the total open interest of perpetual contracts on mainstream trading platforms has decreased from $81 billion to about $67 billion over the past year, while the open interest of contracts linked to real-world assets (RWA) has increased from nearly zero to $9 billion, accounting for 14% of the total. This indicates that the enthusiasm for leveraged trading in the crypto market has not yet returned to previous levels, and the related trading infrastructure is gradually expanding to traditional assets such as stocks and commodities.During the same period, the open interest of Bitcoin perpetual contracts decreased by about $8 billion, Ethereum by about $5 billion, and other tokens collectively decreased by about $10 billion, with the growth of traditional asset contracts only partially offsetting the aforementioned declines.

Senior Crypto Research Strategist Matt Mena from cryptocurrency investment product issuer 21Shares stated that Bitcoin may regain $85,000 after macroeconomic uncertainties subside and further rise towards $90,000. If there is a pullback, the price could still drop to around $81,000. The U.S. Producer Price Index (PPI) will be released, and the Federal Open Market Committee (FOMC) meeting is scheduled for October 27 to 28.Mena believes that last week's drop of Bitcoin below $85,000 has reflected some downside risks brought by higher inflation data, and after subsequent macro data is released, it may test the $85,000 resistance level again. The core Consumer Price Index (CPI) for September rose 0.3% month-on-month and 2.6% year-on-year, higher than economists' expectations of a 0.2% month-on-month increase. Since 2023, Bitcoin has averaged a 1.21% increase within 7 days after the core CPI exceeded expectations; Mena expects ETH to consolidate around $2,500 in the short term, then attempt to rise to $2,800 to $3,000, with a potential target of $130 for SOL by the end of this quarter.

According to on-chain analyst Ai Yi's monitoring, a certain whale withdrew 1100 ETH from OKX 20 hours ago at a price of $2516.77, worth approximately $2.77 million; one hour ago, they replenished 2188 ETH at a price of $2416.89, worth approximately $5.29 million, with an average price of 3288 ETH being $2450.

Bitwise analyst Ishmael Asad posted on the X platform that Bitwise is currently collaborating with over 20 wealth management platforms, with a total asset management scale of approximately $24 trillion. Bitwise is also promoting the approval of cryptocurrency exchange-traded products (ETPs) by relevant platforms so that their investment advisors can provide clients with channels for cryptocurrency allocation.Currently, among the institutions collaborating with Bitwise, 17 have approved cryptocurrency concept stock ETPs, 11 have approved Bitcoin ETPs, 6 have approved Ethereum ETPs, 6 have approved ETPs for the top ten cryptocurrency portfolios, and 2 have approved Solana ETPs, with 1 each approving Bitcoin and gold combination and XRP ETPs. Asad stated that since the first batch of spot cryptocurrency ETFs was launched in January 2024, the cumulative net inflow into cryptocurrency ETPs has been approximately $77 billion. Currently, there are over 50 spot cryptocurrency ETPs in the U.S. market, and the number is still increasing, covering BTC, ETH, SOL, AVAX, LINK, XRP, ZEC, HYPE, cryptocurrency portfolios, and more. In addition, the interest of wealth management institutions in cryptocurrency assets is also continuously growing, and the related demand is extending from ETPs to cryptocurrency trading and custody, payment, and tokenization fields.

OAK Research researcher Lilian Aliaga wrote that the on-chain options protocol Derive (formerly Lyra) has a nominal trading volume of $14.22 billion since January this year, approximately 2.6 times that of the entire year of 2025, accounting for nearly 75% of the on-chain options nominal trading volume and 88.1% of the paid premiums. The nominal trading volume in September was $3.43 billion, and it has exceeded $1 billion in the first week of October.The article states that Derive completed its V3 migration on October 6, 2026, abandoning its own chain and opting for zero-knowledge applications to settle directly on Ethereum, planning to become an options engine accessible to other applications. V3 introduces mutually isolated risk domains, including Prime covering BTC and ETH, an independent HYPE domain, an Alt domain covering SOL, XRP, ZEC, and DOGE, and an RWA domain covering tokenized gold.According to the article, Derive launched V2 in December 2023, replacing automated market makers with an order book as the main source of liquidity, and will launch portfolio margin in February 2024; Lyra will be renamed Derive in August 2024, and DRV will be launched in January 2025. In October 2025, FalconX became the publicly confirmed institutional market maker quoting on Derive, with collateral retained on its own side and positions represented on-chain in fxUSDC.

Brandon Thomas, the developer who previously used AI to reconstruct Adobe Creative Cloud for free, has now turned his attention to Microsoft Office. He has released open-source clone applications WordCraft, GridCraft, and DeckCraft on GitHub, corresponding to Word, Excel, and PowerPoint, respectively. The three applications are written in Rust, with a single codebase that can run natively on Windows, macOS, Linux, and BSD, and can also run in a browser. Thomas refers to this as a clean room reconstruction, meaning it is based on publicly available file format specifications and observations of the original software's behavior, without ever copying Microsoft's code, similar to the legal path taken by Compaq in the 1980s to clone the IBM PC BIOS.WordCraft can read and write .docx format, covering 88% of the features in the Word ribbon. It currently supports revision tracking, footnotes, citations, and mail merge; however, taking into account document fidelity and stability, the team estimates its completeness as a Word alternative for actual work is only about 60%, and it is still labeled as an alpha early testing version. GridCraft has supported 513 out of 523 Excel worksheet functions and 89% of ribbon commands, with the developer self-assessing about 50% as usable for actual work. The next step is to improve compatibility with real .xlsx files.

According to The Block, there has been another personnel change at the White House regarding digital asset regulation, as Patrick Witt has concluded his term as the White House Chief Crypto Advisor. A White House official stated in an email to The Block on Wednesday that Witt's "detail has expired" and expressed gratitude for his work during the Trump administration, wishing him success in the future. Previously, Crypto In America reporter Eleanor Terrett reported that Witt was an employee of the Department of Defense and held a temporary position on the White House Crypto Council.Witt, in his role as Executive Director of the President's Advisory Council on Digital Assets, led the Washington effort to push for the broad crypto legislation known as the Clarity Act. The House version of the bill was passed over a year ago, after which he was responsible for coordinating negotiations in the Senate. However, the Senate version faces multiple obstacles, including disagreements between the banking sector and the crypto industry on the treatment of stablecoin rewards, as well as how to address the conflicts of interest arising from President Trump's substantial crypto assets. The latter became a major reason why the bill failed to pass its first procedural vote last month, as Democrats were concerned that the relevant provisions would not be enforceable, since decisions on whether to take enforcement action against the president would be made by the Department of Justice rather than the states.Witt is the third high-level crypto official to leave the White House. David Sacks, who was in charge of crypto and artificial intelligence affairs, departed in March, stating that his 130-day term as a special government employee had ended; Witt's deputy director, Harry Jung, also left in July.

The Federal Reserve's Beige Book shows that since the last Beige Book was released, two of the twelve Federal Reserve districts reported moderate growth in economic activity.

The Office of the Comptroller of the Currency (OCC) released a report on de-banking on Wednesday, pointing out that some banks had established "public and non-public policies" to restrict services to multiple industries, including oil and gas, tobacco, firearms, and digital assets. This report was issued based on an executive order signed by President Trump in August 2025, aimed at preventing what it calls "illegal de-banking" practices.The OCC stated that many institutions also imposed restrictions on digital asset businesses, involving issuers, exchanges, or management agencies, often citing financial crime considerations as justification. However, this 47-page report did not provide specific de-banking cases related to digital asset activities. The OCC noted that based on a review of nine large banks, it "could not fully quantify the overall scale of de-banking or alleged de-banking activities," with the agency's head, Jonathan Gould, primarily discussing claims of de-banking related to coal and firearms.Gould stated that these decisions were not based on financial risk; banks cited concerns about negative news, public protests, and the potential reputational consequences of supporting related industries. In November 2024, more than 30 executives from the technology and cryptocurrency industries claimed they were denied banking services, informally referring to it as "Operation Chokepoint 2." Trump's executive order in 2025 came after industry-related calls, following allegations that the Biden administration might influence financial institutions to cut off certain services to cryptocurrency companies.

U.S. President Trump stated that GlobalFoundries will invest $21 billion in Malta, New York, to build two large semiconductor manufacturing facilities, with funding provided by Japan based on a previously reached trade agreement.

According to PR Newswire, the cryptocurrency payment platform Mesh announced the launch of Link Chat. The company stated that this is an AI-driven product experience within Mesh Link, allowing users to initiate financial operations using natural language.This capability has gone live and is being rolled out to partners, with plans to expand to the Mesh product stack, covering payments and other supported transaction types. Mesh was founded in 2020 and is building a cryptocurrency payment network connecting hundreds of exchanges, wallets, and financial service platforms.According to Mesh, after users make a request, the platform can present eligible accounts and funding sources, including connected accounts and compatible accounts that can be connected. An example intent is to deposit 50 USDC into an account.Users specify the action they intend to take and review and confirm the transaction details, after which Mesh orchestrates the connection between the funding source and the target platform, requiring user approval before the funds move. Relevant uses include transferring funds into accounts, completing payments, or other supported operations.

GlobalFoundries plans to build two chip factories with up to $21 billion in funding support from the Japanese government. The U.S. government will acquire about 4% of the company's shares.The new factories will produce foundational chips, widely used in fields such as automotive, industrial equipment, and communication devices. This move aims to increase the production of foundational chips in the U.S. and reduce dependence on East Asian suppliers.

According to Catcher Predict monitoring on-chain data, significant capital movements are predicted in the Polymarket market. A large whale sold $92,674.12 in a single transaction regarding the "Federal Reserve's October Decision" event, targeting "no change." Based on the current transaction price, the latest corresponding winning probability for this subject is 78%.

The Blockchain Association, the Crypto Innovation Committee, in conjunction with the Illinois state government, the Digital Chamber of Commerce, and the Illinois Blockchain Association, submitted a joint motion to the Sangamon County Circuit Court, requesting the court to expedite the hearing of two lawsuits against the state's Digital Asset Tax Act. The state government has agreed to issue an injunction to suspend the effectiveness and enforcement of the Digital Asset Tax Act until July 1, 2027.In order to make a ruling on the legality of the tax law as soon as possible, the parties have proposed a timeline for expedited summary judgment submissions: the first round of motions is scheduled to be submitted on November 4, 2026, and all relevant submissions will be completed by January 22, 2027. The parties request the court to hold a hearing between February 8 and February 19, 2027, and request the court to make a ruling by March 1, 2027, to which the state government has no objection. This timeline is subject to court approval.

Bitget has now launched the JIO (Jio Platforms) IPO pre-market perpetual contract, providing global users with a channel to participate in potential earnings before the company's listing and to capture early market opportunities. The contract is settled in USDT, supports up to 20 times leverage, and allows trading 24/7.Jio Platforms is a digital technology and telecommunications platform under Reliance Industries in India, established in 2019 in Mumbai, India. It operates India's largest telecommunications network through its subsidiary Reliance Jio Infocomm, offering digital services such as 5G, broadband, cloud computing, and AI. As of March 2026, it has over 524 million users. The company plans to dual-list on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

According to CryptoQuant analyst nocoffeenobrain's monitoring, Bitcoin holdings aged 1-3 years and over 3 years showed signs of activity as early as the end of September, when the BTC price rose from the mid-$70,000s to the mid-$80,000s.Recently, Ledger was hacked, prompting a large number of users to migrate their assets to new signers and change their mnemonic phrases. It is expected that the 7-day moving average will further rise in the coming days. Analysts pointed out that similar patterns have occurred before—during the period from January to February this year, when BTC fell from the mid-$90,000s to the mid-$60,000s, and during the period from July to August when BTC fluctuated in the mid-$60,000s, both of the aforementioned holding age segments showed synchronized activity.

According to CoinDesk, Solana plans to implement the Alpenglow upgrade on October 21. This upgrade aims to reduce the transaction finality time to about 150 milliseconds and replace the existing voting system of the network with a faster certificate-based consensus mechanism.

According to official news, the PancakeSwap core team (The Kitchen) has released a tokenomics proposal titled "The Flip." This proposal suggests increasing the trading fee sharing ratio for PancakeSwap v3 and Infinity liquidity providers (LP) to 88% across all 11 supported chains, with the remaining 12% allocated as protocol fees to the treasury, while v2 remains unchanged.

Affected by geopolitical and supply risk premiums, international oil prices have recently maintained a relatively high level of fluctuation. According to market data from the Gate platform, WTI crude oil (CLUSDT) is currently priced at $93.67, with a 24-hour increase of 2.09%. According to CoinGlass data, the 24-hour contract open interest on the Gate platform for CLUSDT is $131 million, ranking among the top three in the industry; the 24-hour contract trading volume reached $79.01 million, also ranking high in trading activity within the industry.

German asset management company DWS stated that the recent rise in U.S. Treasury yields has enhanced their investment attractiveness. DWS portfolio manager Sabrina Lech expects that U.S. Treasury yields will decline slightly over the next 12 months, as slowing economic growth and easing inflation pressures may support Treasury prices.