While most market participants were resting, the crypto industry continued to live its own life, full of both positive and alarming signals. My morning review captures a significant surge in volatility and a number of important corporate news items that could define trends for the coming weeks.
Market on the rise: bitcoin and altcoins are growing
Bitcoin (BTC) demonstrated confident upward momentum, reaching the level of $80,692. Over the past 24 hours, the asset's price fluctuated in the range of $76,750 – $81,000, ending the day with a gain of 4.65%. This movement looks like a technical breakout after a period of consolidation, and I expect the $81,000 level to become key resistance for further growth.
Ether (ETH) also showed positive dynamics, rising by 2.47% to $2,508. Among the top-25 coins, Monero (XMR) stood out with a gain of 8.52%, Solana (SOL) with an increase of 8.10%, and Cardano (ADA), which added 3.32%. Among the top-100 assets, the absolute leader was Stacks (STX), which surged by 18.17%, indicating increased interest in bitcoin layer-2 solutions.
The day's laggards were Aave (AAVE), which lost 8.52%, and Ethena (ENA) with a decline of 6.58%. Notably, spot ETFs continue to attract capital: bitcoin funds received $337.56 million, ether funds — $115.57 million, and Solana products — $33.49 million. This confirms sustained institutional demand.
Volatility did not keep us waiting: positions worth $646.93 million were liquidated over the day. The main blow fell on short sellers — $457.28 million versus $189.65 million for long positions. This is a classic scenario of "flushing out" the bears against the backdrop of an upward trend.
Cosmos Labs sounds the alarm
The most alarming news came from Cosmos Labs. The company reported an ongoing security incident in the Cosmos EVM module that affected users. In this regard, the team strongly recommended that validators of related networks halt their operations until the vulnerability is fully resolved. Details, including the nature of the problem and the scale of losses, have not yet been disclosed, which is causing some concern in the community.
Standard Chartered bets on stablecoins
In a positive light, the news stands out that Standard Chartered has become the first bank to begin distributing the regulated Hong Kong stablecoin HKDAP from issuer Anchorpoint Financial. The bank will offer the token to qualified institutional clients, and in the fourth quarter plans to launch subscription and settlement services for tokenized funds. This is a significant step toward legitimizing digital assets in the traditional financial system.
Base takes tokenization to a new level
The Base network launched tokenized Apple and NVIDIA shares from Coinbase under the B20 standard. Each token is backed by real securities in a 1:1 ratio, which are held with regulated custodians. Users will be able to use these assets in the DeFi ecosystem, including on-chain trading and lending. Management is carried out through broker Alpaca, opening new horizons for integrating traditional markets and decentralized finance.
My analysis: Tokenization of real-world assets is not just hype, but a fundamental trend that will only strengthen. However, the Cosmos EVM incident reminds us of the critical importance of security in DeFi. The market is growing, but risks are not disappearing, so investors should remain vigilant and diversify their risks.