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The total value of tokenized stocks has approached $3.3 billion, growing 15% over the past 30 days. Tokenized stock trading on major blockchains such as Solana and BNB Chain mostly occurs outside of regular trading hours in the U.S. Over 70% of tokenized stock trading volume on BNB Chain takes place outside of 9:30 AM to 4 PM Eastern Time, while this ratio for Solana and Base is 63% and nearly 60%, respectively.The trading volume of tokenized assets on the Solana trading platform Jupiter has increased by 50% month-over-month. The U.S. Securities and Exchange Commission (SEC) launched an "innovation exemption" last month, allowing eligible trading venues to trade tokenized U.S. stocks on public chains. SEC Commissioner Mark Uyeda stated that relevant platforms must disclose trading prices, volumes, timestamps, and daily trading volumes in U.S. dollars, as well as publicly disclose liquidity pool addresses and balances.

According to Bitcoin.com analysis, the U.S. prediction market platform Kalshi saw a single-day nominal trading volume of up to $3.9 billion over the weekend, with combo bets contributing about 70% of the weekend's nominal trading volume.The analysis also pointed out that nominal trading volume measures the face value scale of contracts and does not equate to the actual cash invested by buyers, nor does it represent the number of new users on the platform. Therefore, this metric cannot directly reflect Kalshi's actual capital inflow or user growth situation.

Ray Dalio, the founder of Bridgewater, stated that the sell-off in the U.S. bond market is far from over, as increased financing demands from the government and corporations, along with weakened demand from some traditional buyers, are exacerbating the pressure on U.S. Treasuries.The U.S. is entering a phase where increased bond supply is driving up yields, with debt burdens reaching the highest levels since World War II, and it is expected to worsen in the coming years. Dalio believes that shorting U.S. Treasuries remains more attractive than going long.

Cryptocurrency exchange Blockchain.com is applying for a license from the Commodity Futures Trading Commission (CFTC) to seek both exchange registration and futures broker registration in order to offer derivatives and prediction market services in the United States.The aforementioned services will be aimed at retail and institutional clients, and the business planned to be launched in the United States still requires regulatory approval.

According to Catcher Predict monitoring, in the predicted market event "Arsenal FC vs Lille OSC More Markets" on Polymarket, the "Over" option in the sub-market "Arsenal FC Second Half O/U 2.5" experienced a sharp fluctuation in winning probability, dropping from 35% an hour ago to the current 18.5% (a fluctuation of 16.5%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the market prediction event "Galatasaray SK vs FC Barcelona More Markets" on Polymarket, the "Over" option for the sub-market "Galatasaray SK O/U 4.5" experienced a dramatic fluctuation in winning probability, soaring from 3.15% an hour ago to the current 21.4% (a fluctuation of 18.25%). Please note the impact of related breaking news.

The International Monetary Fund (IMF) released the October "Global Financial Stability Report," which for the first time discusses the tokenized market in a dedicated chapter. The report shows that as of the end of July, the public market size of tokenized Real World Assets (RWA), excluding repos and stablecoins, is approximately $65 billion, with credit accounting for about $30.4 billion, money market funds about $17.5 billion, and stocks about $2.3 billion. The average daily trading volume of tokenized repos over 30 days reached $303 billion.The report states that the issuance of tokenized stocks is highly concentrated, with Ondo Finance and Backed Finance (xStocks) together accounting for over 70%. More than 50% of trades occur outside regular trading hours for U.S. stocks, with about 80% of trade sizes being less than one share, volatility being about 1.5 times that of traditional markets, and liquidity being significantly lower.The IMF believes that while the scale of tokenized assets is small, it may bring efficiency improvements in multiple areas, but it could also create new channels for leverage accumulation and liquidity and maturity mismatches, exacerbating technological and infrastructure risks, with current systemic risks remaining limited. The IMF also pointed out that in the absence of interoperable central bank currencies, stablecoins and tokenized deposits may become the main settlement tools in the tokenized capital market, leading to issuer credit risk and concentration risk.

According to The Defiant, the decentralized lending protocol Zest Protocol deployed on Stacks announced that October 23 will be the deadline for the exit of aeUSDC in Stacks Market V1, requiring users to complete the migration of relevant positions before this date.Since Stacks Market V2 only supports the USDC-backed stablecoin USDCx issued in partnership with Circle, the migration process from V1 to V2 will not automatically transfer aeUSDC positions. Users must first withdraw aeUSDC liquidity from V1, then directly exchange aeUSDC for USDCx via Bitflow, and finally deposit USDCx back into the V2 application.Another option is to cross-chain aeUSDC from Stacks to USDC on Ethereum via Allbridge Classic, and then use Circle's cross-chain bridge to transfer USDC from Ethereum to USDCx on Stacks. The Zest application will prompt users while they still hold V1 liquidity, supporting one-click migration of positions other than aeUSDC to V2.

According to Catcher Predict monitoring, in the market prediction event "Viking FK vs FC Bayern München More Markets" on Polymarket, the "Over" option for the sub-market "FC Bayern München First Half O/U 2.5" has experienced significant fluctuations in winning probability, soaring from 26% an hour ago to the current 43% (a fluctuation of 17%). Please note the impact of relevant breaking news.

According to The Block, Chicago Mercantile Exchange CEO Terrence Duffy stated that the U.S. Commodity Futures Trading Commission (CFTC) is facing an issue of "overreach" in its attempt to expand regulatory authority over prediction markets, and the related regulatory disputes may ultimately reach the U.S. Supreme Court.Duffy mentioned during the DC Fintech Week event on Tuesday that the struggle for regulatory authority over prediction markets could evolve into a legal battle between state governments, tribal governments, and the federal government, stating, "This will go to the Supreme Court, and I believe state governments and tribal governments will have the advantage."

Renowned trader Killa stated that if Bitcoin is to evolve according to the current trend structure, it needs to form a higher low above $75,500, ideally also holding the low around $80,000. This is similar to the trend in 2023: at that time, Bitcoin formed a higher high on the weekly level, then retraced and held the original range. This may explain why the recent low time frame market seems so prone to triggering stop losses, with aggressive movements and traces of algorithmic trading.Bitcoin once reclaimed its internal structure in the $82,000 range, then retraced, broke the structure again, and then reclaimed it once more. The entire market seems to be deliberately enticing traders to enter. It must be acknowledged that the initial drop to the $81,000 range was not ideal from a structural perspective. However, there were a large number of shorts concentrated at the lows, which may explain the subsequent price reaction.Another detail worth noting is that during the drop from $84,100 to $81,000, only about $300 million in long positions were liquidated; whereas previously, during the drop from $86,800 to $80,600, the scale of long liquidations exceeded $2 billion. The significant decrease in long liquidation scale indicates that the current market's reliance on long positions may be lower than before. The current market situation is quite delicate. Bitcoin needs to form a higher low at the current position to initiate a new round of upward movement; otherwise, this pullback may bring the price below $80,000. As of now, the so-called "crash protection team" has done well in maintaining the price, but it is also continuously disrupting the internal oscillation range in the low time frame.

CryptoQuant founder Ki Young Ju posted that the Bitcoin bear market cycle has ended, and a bull market or sideways consolidation is expected in the next 12 to 24 months.Previously, on March 18, 2025, he predicted that the Bitcoin bull market cycle would end, leading to a bear market or sideways consolidation for 6 to 12 months, and now officially announces the end of that predicted cycle.

Goldman Sachs (GS.N) rose over 3% in pre-market trading, with its third-quarter stock trading revenue exceeding market expectations.

After the third quarter earnings report was released, JPMorgan Chase (JPM.N) fell 2% in pre-market trading.

The Hyperliquid Assistance Fund has accumulated over 48 million HYPE tokens, with a total expenditure of approximately 1.365 billion USD. Currently, the market value of these tokens has risen to about 3.953 billion USD.The Hyperliquid Assistance Fund primarily continues to repurchase HYPE from the open market through protocol trading fee income, serving as the core mechanism for returning value to token holders. Recently, Hyperliquid has also injected part of the USDC reserve earnings into the Assistance Fund through the AQAv2 framework to further expand the sources of repurchase funds, making the repurchase no longer completely reliant on trading fees.

JackYi (@Jackyi_ld) posted an analysis, stating that Bitcoin currently has strong support at the 400-day moving average at $81,000, and it has quickly rebounded each time it touches this level during a pullback; $84,000 serves as the resistance level for the 20-day moving average, and if it breaks through, it will test the strong resistance level at $86,500.Currently, Bitcoin is in a downward trend on the 15-minute, 1-hour, 4-hour, and daily charts, but the larger cycle is still in a bullish uptrend. This stage is considered a phase pullback during an upward trend, so it is recommended to be patient and avoid frequent trading.

Goldman Sachs Chief China Equity Strategist Liu Jinjun and his team released a report stating that since the "DeepSeek Moment" at the beginning of 2025, Chinese AI-related listed companies have created a market value of nearly $5 trillion through stock price increases and IPOs. Currently, AI stocks account for 42% of the total market capitalization in the A-shares and Hong Kong stock markets, and 57% of the total trading volume.The report also mentioned that China has always been a key exporter in the global AI supply chain, holding about 50% of the global market share in certain AI power and infrastructure sectors. With the advancement of domestic AI technology, China has gradually established an internal circulation AI value chain that encompasses advanced semiconductors, open-weight large language models, and application layers.

On October 13, 2026, the real-world asset market HyperDex announced the launch of a spot and perpetual contract aggregator, placing spot routing, cross-chain transfers, and the newly announced perpetual aggregation on the same interface. The announcement did not disclose the trading volume upon launch, and the perpetual section did not specify the venue, supported contracts, collateral rules, or liquidation mechanisms; the product is currently labeled as beta.The interface provides quotes for each exchange and cross-chain transaction between exchanges, cross-chain bridges, and intent resolvers; users sign with their own addresses, and funds are routed through audited contracts to the selected target, with the platform not holding custody. The team claims to have integrated with LI.FI, RIFT, Enso, Ravn, and specifically mentions Relay, Across, NEAR Intents, Chainflip, among others, totaling over 70 venues and more than 19,000 tokens, including tokenized stocks, gold, government bonds, and credit issued by Ondo, Backpack, Coinbase, Robinhood, etc. The supporting chain documentation states that routing covers 69 mainnets, 36 bridges, and 39 exchanges, including EVM, Bitcoin, Solana, Sui, and Zcash.After selecting tokens, chains, and quantities, the system requests quotes and sorts them by the best price or fastest completion, refreshing quotes every 20 seconds. Before signing, it displays the minimum received amount, network fees, HyperDex fees, and estimated completion time; standard transfer fees are 0.50%, private exchanges are 0.75%, and protocol fees are deducted from the sent tokens. On-chain settlements are reportedly completed atomically, and any slippage beyond the limit will roll back; if a cross-chain bridge is completed but the target chain exchange fails, users will receive the bridged assets on the target chain. The routing contracts are claimed to be audited, open-source, and have a bug bounty program.

Bank of America strategists warn that the debt financing boom for AI infrastructure is driving up borrowing costs for developing countries. In the second half of this year, the average yield on emerging market dollar bonds has surged by nearly 1 percentage point. Amazon and Google's parent company Alphabet Inc. have issued about $70 billion in debt, while the international bond issuance by emerging market sovereign borrowers has halved to $45 billion.