Good Morning,

Here's a quick preview of today’s content: Charles Schwab eyes crypto like never before, Beijing moves to stop Chinese tech giants from issuing stablecoins in Hong Kong, Documentary exploring Bitcoin’s global impact to premiere soon, YouTube star MrBeast files trademark for crypto exchange and payments service, Japan's big banks join forces to issue stablecoins, and so much more

Happy Monday – Let’s dive in.

Market Snapshot

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  • Bitcoin is experiencing its worst October since 2015, with a -5% decline so far

    • The BTC/Gold ratio looks most oversold since Noveber 2022

    • Bitcoin ETFs saw $536M in outflows to end last week

    • Total crypto mcap stands at $3.65T, reflecting a +0.25% increase in the last 24 hours

  • Macro risks, including the US-China tariff standoff, have overshadowed the usual October rallies

Market Predictions

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Headline Roundup
The major headlines driving crypto markets

  • YouTube star MrBeast files trademark for crypto exchange and payments service (DC)

  • Charles Schwab sees 90% spike in crypto interest (BM)

  • Tether donates $250k to OpenSats, prompting Jack Dorsey to criticize the amount – see the thread here

  • Bitcoin mining entrepreneur pitches $450M Prometheus statue for Alcatraz Island (TB)

  • NYC mayoral candidate Andrew Cuomo wants to make NYC the world’s leading crypto and tech hub (CT)

  • Ondo Finance urges transparency before Nasdaq's tokenization proposal moves forward (TB)

  • Robinhood tokenizes nearly 500 US stocks for EU users (CT)

  • BitMine’s Tom Lee says ‘Ethereum could flip Bitcoin’ (CT)

  • ARK 21Shares Bitcoin ETF records highest outflows since August (DC)

  • Public companies hold $110B worth of BTC (CT)

  • Gold-backed tokens surpasses $1B in daily trading volume (CD)

  • 5 new crypto ETFs filed amid government shutdown (CT)

  • NYDIG says stablecoins' $1 peg is a 'misconception’ (CD)

  • Russia ranks highest in Europe for crypto adoption (CT)

  • Ethereum attracts more than 16K new devs in 9 months (CT)

  • Satoshi's Bitcoin stash declined $20B amid crash (CT)

  • Salesforce faces class action over alleged illegal AI training data (DC)

  • OpenSea pivots to multi-chain crypto trading hub (TB)

  • Ethereum core dev Dankrad Feist joins Stripe-backed stablecoin project (BW)

  • MegaETH buys back 4.75% equity and token warrants from pre-seed investors (TB)

Venture Capital

  • Ripple Labs leads effort to raise $1B through special-purpose vehicle to accumulate XRP (CD)

  • Tempo, a payments-focused blockchain, raises $500M Series A at a $5B valuation led by Greenoaks and Thrive Capital (BW)

  • Arthur Hayes targets $250M to acquire and grow medium-sized crypto and analytics firms (BM)

  • AI-focused Web3 firm Astra Nova raises $48.3M in funding led by Outlier Ventures as well as institutional investors in Saudi Arabia, the UAB, and Bahrain (CD)

  • Ryder, a crypto hardware firm, closes a $3.2M seed funding round led by Tim Draper, Borderless, and others (CD)

M&A Announcements

Launches

  • Japan's big banks join forces to issue stablecoins (TB)

  • “UNBANKED” documentary exploring Bitcoin’s global impact to premiere (BM)

  • Asia's largest Ethereum backers launch $1B ETH treasury firm (TB)

  • Tether launches open-source wallet dev kit (BL)

  • OpenSea sets SEA token launch for Q1 2026 (TB)

  • Uniswap's web app starts support for Solana (TB)

  • Babylon unveils proof-of-concept for using native Bitcoin in DeFi lending (CT)

  • Solana DEX Jupiter unveils Ultra v3 upgrade (TB)

  • Bull Bitcoin launches BULL wallet (BM)

  • gTrade unveils “Trick or Trade” Halloween contest (CD)

Regulation

  • France targets crypto exchanges with AML checks to determine EU licensing (CD)

  • Beijing moves to stop Chinese tech giants from issuing stablecoins in Hong Kong (TB)

  • Florida lawmaker reboots crypto reserve bill after the first one flopped (CT)

  • Japan’s FSA weighs allowing banks to hold crypto (CT)

  • UK tax authority sends 65,000 letters to suspected crypto tax evaders (TB)

  • Ghana central bank targets December to have crypto regulations in place (CT)

  • Financial Stability Board says privacy laws hinder cross-border crypto regulation (CT)

  • FIFA's World Cup NFT platform faces criminal complaint from Swiss gambling regulator (TB)

Cybersecurity

  • Crypto-AI project Astra Nova blames $10M loss on market maker hack (TB)

  • Google flags malware with crypto-stealing code in smart contracts by North Korean hackers (CT)

  • Cybercrime-as-a-service network taken down in Europe (FM)

  • Six hacker wallets lost $13.4M ETH during the crypto market crash (CD)

  • XRP investor says $3M in XRP was stolen (CD)

Extra Reads

Chart of the Day

Stablecoin supply hits $304.5B for the first time ever

Meme Dump

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*DISCLAIMER: Investment advice provided by Autopilot advisers LLC, an SEC registered investment advisor. Past performance does not guarantee future results. Investing carries risks including the risk of the loss of principal. Performance doesn’t include fees. See more here.