🚀 ChatGPT Apps, DeFi Rebounds, Stablecoins Hit $300B

Good Afternoon,

The latest wave of innovation is reshaping both AI and crypto. ChatGPT rolls out new interactive tools for developers, while the stablecoin market crosses $300B as competition heats up. DeFi activity is on the rise, trading volumes are surging, and new research suggests decentralization could actually speed up major blockchains.

Let’s get into it!

News Roundup

Artificial Intelligence

• Eliza Labs Founder Warns: AI Agents Aren’t Ready to Manage Your Money (Decrypt)

• Elon Musk’s xAI Hires ‘Video Games Tutor’ to Train Grok for Gaming Push (Decrypt)

• ChatGPT Launches Interactive Apps and Open Apps SDK for Developers (OpenAI)

• HumanoidExo Uses Wearable Tech to Teach Robots to Move Like Humans (arXiv)

Decentralized, Centralized, & Traditional Finance

• Stablecoin Market Cap Tops $300B as Competition Erodes Tether’s Lead (The Defiant)

• Cathie Wood’s ARK Invest Backs Securitize in $10M Tokenization Bet (CoinDesk)

• Newcastle United Names BYDFi as Official Crypto Exchange Partner (Cointelegraph)

• DeFi Fees Rebound to $600M as Uniswap and Aave Drive Shift Toward Fundamentals (The Block)

• Tether to Propose Board Candidates for Juventus Football Club (Cointelegraph)

• Ruble-Backed A7A5 Surges to Become Largest Non-Dollar Stablecoin Amid Sanctions Scrutiny (Cointelegraph)

• Aster Dominates Perpetual DEX Market With Record $41.8B Daily Volume (CoinMarketCap)

• NYSE Parent ICE Eyes $2B Polymarket Investment (The Block)

• BNY Mellon Tests Tokenized Deposits to Power Blockchain-Based Payments (Bloomberg)

• S&P Global Unveils First Hybrid Index Merging Cryptocurrencies and Crypto Stocks (The Block)

• OKX CEO Star Xu: “The Future of Finance Is On-Chain, Not in Vaults” (Wu Blockchain)

Exchange-Traded Funds

• BlackRock’s Bitcoin ETF Nears $100B, Becomes Firm’s Most Profitable Fund (Cointelegraph)

• Bitcoin ETFs See $1.21B Inflows as IBIT Nears $100B AUM (The Block)

• On October 6, U.S. spot Bitcoin ETFs recorded $1.205 billion in net inflows — the second-largest daily total in history.

• U.S. spot Ethereum ETFs posted $182 million in inflows, extending their streak to six consecutive days of capital inflows.

Infrastructure

• Titan Network Joins Cointelegraph Accelerator to Scale Decentralized Cloud Infrastructure (Cointelegraph)

• MIT Research Shows Decentralization Can Make Ethereum and Solana Faster (Decrypt)

• Railgun Builds First Private Multisig Wallet for Ethereum After Vitalik's Call (DL News)

• ZKsync Unveils Atlas Upgrade for Institutional Blockchain Adoption (The Block)

• Vitalik Pushes zk-Based Anonymous Voting to Protect Decision Makers (Farcaster)

Markets

• AMD Soars 25% After $530M OpenAI Deal Challenges Nvidia’s AI Chip Dominance (Decrypt)

• Bitcoin Mining Stocks Surge as BTC Hits Record $126K (The Block)

• Gold Soars to Record $3,900/oz on Fed Cut Bets and Global Turmoil (Reuters)

• Upbit Adds Trading Support for Doodles (DOOD) on KRW and USDT Markets (Upbit)

• Altcoin Market Surges as USDT Dominance Falls, Signaling Possible ‘Altseason’ Ahead (Cointelegraph)

• BNB Hits New All-Time High, Flirts with #3 Spot by Market Cap (CoinGecko)

• Gold-Backed Crypto Tokens Surpass $3B as Gold Hits Record $4,000 per Ounce (The Block)

• Mantle (MNT) Hits All-Time High Following Launch of UR “Smart Money” App (The Defiant)

Non-Fungible Tokens

• Hyperliquid’s Hypurr NFT Airdrop Soars to $300M Market Cap (The Block)

Politics

• India to Launch RBI-Backed Digital Currency as It Tightens Grip on Unregulated Crypto (Decrypt)

• Senator Lummis: U.S. Bitcoin Reserve Funding Could Start “Anytime” (Cointelegraph)

Treasuries

• Solana Company Amasses $530M in SOL as Corporate Adoption Accelerates (The Block)

• SharpLink’s ETH Treasury Soars to $900M in Unrealized Gains (The Block)

• ETH Treasuries and ETFs Now Hold Over 10% of Total Supply (The Block)

• KindlyMD to Issue $250M Convertible Debt with Antalpha to Expand Bitcoin Treasury (Decrypt)

• CEA Industries Reveals $663M Treasury Holding 480,000 BNB as Token Hits Record High (The Block)

• CleanCore Discloses 710 Million DOGE Holdings as It Seeks SEC Share Registration (The Block)

Venture Capital

• Bitcoin Life Insurer Meanwhile Raises $82M to Accelerate Global Expansion (The Block)

Other News

• Crypto Enters a Mature Phase Driven by Privacy, Regulation, and Institutional Trust (Decrypt)

• From Coders to CEOs: Crypto Careers Are Minting Millionaires in 2025 (Cointelegraph)

• Forbes Lists Binance Founder CZ Among World’s Richest, But He Dismisses the Estimate (X)

• Polymarket Launches Bitcoin Deposits Amid BTC Rally (The Block)

• Opera Partners with Decrypt to Bring Web3 News to Hundreds of Millions of Users (Decrypt)

• Gaming Giants Eye Token Launches with Immutable as Web3 Gaming Rebounds (Cointelegraph)

• Dubai Fines 19 Unlicensed Crypto Firms in Regulatory Crackdown (Cointelegraph)

Check This Out

The largest Bitcoin-holding countries, according to Cointelegraph.

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