👔 Wall Street Expands Crypto, Tariffs Rattle Markets

Good Afternoon,

Welcome to Friday. Traditional finance is diving deeper into crypto as Morgan Stanley opens access to all wealth clients and global banks team up on digital money initiatives. Meanwhile, markets are on edge with Bitcoin and Ethereum slipping after Trump’s tariff threats and rising U.S. deficit concerns. As a potential government shutdown looms and regulatory tensions rise, Bitcoin advocate María Corina Machado makes history with a Nobel Peace Prize win.

News Roundup

Artificial Intelligence

• Stanford Study Warns: AI Models Learn to Deceive When Chasing Engagement (arXiv)

• Intel Pins Comeback Hopes on Panther Lake AI Chip Amid $3B Foundry Loss (Decrypt)

• OpenAI Reports 30% Drop in Political Bias Across Latest ChatGPT Models (Decrypt)

• Bankr AI Trading Bot Returns to X After Suspension Sparks #FreeBankr Campaign (The Block)

• Bitcoin Miners Poised to Dominate AI Infrastructure, Says Bernstein (The Block)

Decentralized, Centralized, & Traditional Finance

• BCP Becomes First Peruvian Bank to Offer Regulated Crypto Access (Cointelegraph)

• Kraken Expands Into Traditional Markets With CME Futures Integration (The Defiant)

• Barry Silbert’s Yuma Opens $10M Asset Management Arm to Bridge AI and Crypto Investing (CoinDesk)

• Coinbase and Mastercard in $2B Bidding War for Stablecoin Startup BVNK (Fortune)

• EU Pushes for Euro Stablecoins to Counter U.S. Dollar Dominance (Cointelegraph)

• HashKey Plans $500M Hong Kong IPO Amid Expanding Crypto Footprint (Bloomberg)

• Metaplanet Halts Share Sales as Bitcoin-Focused Stock Hits Cycle Low (CoinDesk)

• Japan’s Financial Giants Deepen Crypto Push With Nomura and PayPay Moves (Cointelegraph)

• Sanctum Launches Turnkey Solution for Branded Solana LSTs (Sanctum)

• Pudgy Penguins Launches penguSOL, a Branded Solana Liquid Staking Token (Sanctum)

• Antalpha Leads $150M Financing to Launch First Nasdaq-Listed Tether Gold Treasury (The Block)

• Morgan Stanley Expands Crypto Access to All Wealth Clients Amid Market Rally (Decrypt)

• Umbra Raises $155M in ICO on MetaDAO, Setting Record for Solana Privacy Projects (The Block)

• Goldman, Deutsche Bank, and Santander Lead Global Push to Develop Stablecoin-Like Digital Money (Bloomberg)

• Arbitrum Foundation Names First Head of Investment Strategy (The Block)

Exchange-Traded Funds

• U.S. spot Bitcoin ETFs recorded $198 million in net inflows on October 9, extending their winning streak to nine consecutive days.

• U.S. spot Ethereum ETFs saw $8.54 million in net outflows, snapping an eight-day inflow streak.

• Canary Capital Inches Closer to SEC Nod on XRP & SOL ETFs Amid Shutdown Fears (The Block)

Infrastructure

• Matter Labs Introduces “Atlas” Upgrade to Boost Speed and Flexibility (The Block)

• Ethereum Unveils Kohaku Roadmap to Reinvent Wallet Privacy and Security (Cointelegraph)

• Coinbase Doubles Down on Self-Custody and DeFi With New Base App Launch (X)

• Based Streams Launches On Hyperliquid With On-Chain Tipping and Rewards (X)

• Abu Dhabi Airports to Pilot Digital Tourist Wallet at Zayed International (Khaleej Times)

Markets

• Crypto Markets Slip as Traders Pause Ahead of Key U.S. Economic Updates (The Defiant)

• Lighter Points Surge to $100 as Airdrop Mania Fuels DeFi Frenzy (The Defiant)

• Sui TVL Soars to Record $2.6B as DeFi Momentum Accelerates (The Defiant)

• Solana Transactions Drop 50% as ETF Approval Nears, Analysts Predict Muted Price Move (Decrypt)

• South Korea’s Crypto Market Dominated by Top 10% of Traders, Data Shows (Cointelegraph)

• Upbit Lists Infinite (IN) on KRW Market, Expanding AI-Powered DeFi Access (Upbit)

• Bitcoin Dips to $121K but Analysts Say ‘Uptober’ Bullish Momentum Remains Strong (The Block)

• Privacy Tokens Surge as Market Rotates Toward 2018-Era Narratives (CoinDesk)

• Crypto Markets Flat as Traders Expect U.S. Government Shutdown to Drag Into November (The Defiant)

• Bitcoin Volatility Rises as Analysts Warn U.S. Deficit Risks Could Undermine Rally (Decrypt)

• Crypto Market Liquidations Top $854M in the Past 24 hours as Bitcoin and Ethereum Slide (Coinglass)

• Bitcoin, Ethereum Fall as Trump Threatens “Massive” New China Tariffs (Decrypt)

Meme Coins

• Binance Life Memecoin Soars After CZ and Yi He Mentions, Mints New Millionaires (DL News)

Non-Fungible Tokens

• Pudgy Penguins Partners with Sharps Technology to Merge NFTs and On-Chain Treasury Strategies (Wu Blockchain)

• Larva Labs’ “Quine” Auction Closes Above $30,000 on Art Blocks (The Defiant)

Politics & Regulation

• Senate Democrats’ DeFi Bill Faces Backlash From GOP and Crypto Industry (The Block)

• Philippines Orders World App to Halt Biometric Data Processing Over Privacy Violations (Cointelegraph)

• Singapore Delays New Crypto Banking Rules to 2027 After Industry Pushback (Decrypt)

• Officials Investigate Polymarket Over Suspicious Nobel Peace Prize Bets (The Block)

Token Generation Events

• Binance Announces Walrus (WAL) as 50th HODLer Airdrop Project Ahead of Spot Listing (Binance)

• Vitalik Buterin Receives $1M in STRK Airdrop, Likely to Donate to Methuselah Foundation (X)

• Binance Wallet Launches Pre-TGE Prime Sale for Mature Projects (Binance)

• Monad Confirms Oct. 14 Airdrop Portal Launch, Keeps Allocation Details Secret (CoinDesk)

• Binance Wallet to Host First Prime Sale Pre-TGE for YieldBasis on Oct. 13 (X)

Treasuries

• BitMine Adds $104M in Ethereum, Expanding Its Position as Largest Corporate ETH Holder (The Block)

• Pantera Capital: Most Crypto Treasury Firms Fail Because They Ignore Traditional Investors (DL News)

Venture Capital

• Jack Ma’s Fintech Network Deepens Ethereum Ties as Asia’s Crypto Landscape Shifts (Cointelegraph)

• Prediction Market Kalshi Raises $300M, Expands to 140 Countries Amid Global Boom (NY Times)

Other News

• ‘Bitcoin Jesus’ Roger Ver Reaches $48M Deal to Settle U.S. Tax Fraud Case (Decrypt)

• UK Businessman Jailed for Using Covid Loan on Crypto and Gambling (Decrypt)

• Afghanistan’s Internet Blackout Exposes Blockchain’s Centralization Weak Spot (Cointelegraph)

• Entry-Level Crypto Jobs Vanish as Firms Prioritize Senior Talent, Dragonfly Report Finds (Cointelegraph)

• From TerraUSD to YU: Why Stablecoins Keep Breaking and What Investors Should Know (Cointelegraph)

• $21 Million Lost in Hyperliquid Hack After Private Key Leak (X)

• Crypto Industry Pushes Back on Bank of England’s Proposed Stablecoin Cap (Decrypt)

• CZ Clarifies Past Ties to Hyperliquid Founder, Denies Any Investment Links (X)

• Six High-Revenue Projects Power BNB Chain’s Growth Across Sectors (Wu Blockchain)

• Keyring and Ethereum Foundation Back New Fundraising Model to Support Tornado Cash Devs (DL News)

• CoinSwitch Wins Court Battle to Recover $5M Frozen on WazirX After 2024 Hack (Decrypt)

• Crypto Safety 2025: 7 Simple Habits to Avoid Hacks and Scams (Cointelegraph)

• Square Bitcoin Seen as $300M ‘Big Test’ for BTC Payments, Says Mizuho (The Block)

• Bitcoin Advocate María Corina Machado Wins 2025 Nobel Peace Prize (Cointelegraph)

• Crypto Investors Lose $16M as Violent ‘Wrench Attacks’ Surge 54% Globally (DL News)

Check This Out

Solana TVL Hits Record $42.4B Across Apps, According to Token Terminal.

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