While most market participants were resting, the cryptocurrency industry continued to live its own life. Last night brought several landmark events: from emergency security measures in the Cosmos ecosystem to traditional banking entering the stablecoin market and the launch of tokenized shares of tech giants on the Base network. I break down the key events and price movements.
Bitcoin and Altcoins: Confident Bullish Momentum
The leading cryptocurrency demonstrated impressive dynamics. At the time of preparing this review, Bitcoin was trading near the $80,692 mark, gaining 4.65% over the day. Volatility was high: the price fluctuated in the range of $76,750 – $81,000, indicating an active battle between bulls and bears for control over the $80,000 level.
Ether also showed steady growth, rising 2.47% to $2,508. Among altcoins, the leaders were Monero (+8.52%), Solana (+8.10%), and Cardano (+3.32%). In the top 100 by market capitalization, the best result was demonstrated by Stacks (+18.17%), followed by Aerodrome Finance (+16.19%) and Virtuals Protocol (+15.92%). At the same time, Aave underwent a correction, losing 8.52%.
The inflow of funds into spot crypto ETFs strengthened the bullish sentiment. Bitcoin funds attracted $337.56 million, Ethereum — $115.57 million, Solana — $33.49 million. This confirms the growing institutional interest in digital assets.
The wave of liquidations over the day affected 95,896 traders for a total of $646.93 million. The main blow fell on short positions ($457.28 million), which was a direct consequence of the upward market movement. The largest liquidation order was recorded on Bitget for the BTCUSDT pair — $103.54 million.
Cosmos Security: Preemptive Network Halt
Cosmos Labs reported an ongoing security incident in the Cosmos EVM module that affected users. The team recommended that validators of related networks suspend operations until the vulnerability is fixed. The nature of the issue, the list of affected networks, and the scale of losses have not yet been disclosed. This approach seems reasonable: it is better to temporarily halt networks than to allow funds to be compromised.
Standard Chartered: First Distributor Bank for HKDAP
Standard Chartered became the first bank to begin distributing the regulated Hong Kong stablecoin HKDAP from issuer Anchorpoint Financial. The token is already available to qualified institutional clients. In the fourth quarter, the bank plans to launch subscription and settlement services for tokenized money market funds, and is also exploring scenarios for cross-border payments and treasury management. This is a significant step for legitimizing stablecoins in the traditional financial system.
Tokenized Shares on Base: A New Round of DeFi
The Base network launched tokenized shares of Apple and NVIDIA from Coinbase under the B20 standard. The tokens are backed by real securities at a 1:1 ratio and are held with regulated custodians. Asset management is carried out through broker Alpaca, which opens access to on-chain trading, lending, and other financial operations in the DeFi ecosystem.
My view: Bitcoin's overnight rally and the inflow of funds into ETFs indicate a renewed appetite for risk, but important resistance levels lie ahead. Tokenization of shares on Base is another step toward blurring the lines between TradFi and DeFi, yet investors should carefully monitor regulatory risks in this new niche.