Daily Market Wrap | Oct. 15

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Hot Topics

Bitcoin remains bearish despite Fed Chair Powell signaling the end of quantitative tightening, which reduced the Fed’s balance sheet from $9T to $6.6T since 2022.

French banking giant ODDO BHF launches MiCA-compliant euro-backed stablecoin EUROD on Bit2Me, backed by Telefonica and major banks, targeting retail and institutional users.

S&P Global and Chainlink bring real-time stablecoin risk scores (1-5) to Base, evaluating asset quality, liquidity, and regulation for DeFi.

Japan’s FSA plans to ban crypto insider trading with penalties and investigations, despite challenges defining insiders for tokens.

Market Updates

Bernstein forecasts a 9% revenue and 11% EBITDA drop for Circle per 25 bps rate cut, offset by rising USDC demand in exchanges and DeFi.

OCT1.64%
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