Bitget Daily Briefing (Oct 21) | Four Crypto ETPs Listed on London Stock Exchange; All Three Major US Stock Indexes Close Higher
Today's Preview
- The 4th ETHShanghai Summit continues through October 22, 2025, with the theme "Scaling Ethereum, Shaping an Open Future." The event is hosted by Wanxiang Blockchain Labs, ETHPanda, and other organizations.
- Scroll (SCR) will unlock 82.5 million tokens on October 22, 2025, valued at approximately $14.08 million, representing 43.42% of its circulating supply.
- Multiple projects have upcoming token unlocks this week. Plasma (XPL) will release about 88.89 million tokens at 8:00 PM on October 25, worth around $36.9 million and making up 4.97% of its circulating supply.
Macro & Hot Topics
- VanEck has filed an S-1 registration statement with the SEC to launch the "VanEck Lido Staked ETH ETF," aiming to provide institutional investors with a compliant and tax-efficient way to invest in staked Ethereum.
- Last week, global listed companies (excluding mining firms) made net Bitcoin purchases totaling $33.74 million. Strategy (formerly MicroStrategy) added 168 BTC, bringing its holdings to 640,418 BTC. Metaplanet has suspended purchases for two consecutive weeks.
- A so-called "Trump insider whale" deposited $40 million to Hyperliquid on October 20 and opened a $340 million short position in Bitcoin with 10x leverage. Their historically accurate long and short trading continues to draw attention from the market.
Market Updates
1.BTC and ETH are consolidating within a narrow range. Market sentiment remains cautious, with $420 million in liquidations over the past 24 hours—mainly affecting short positions.
2.All three major US stock indexes rose sharply on Monday: the Dow Jones, Nasdaq, and S&P 500 each posted gains of over 1%.
3.According to the Bitget BTC/USDT liquidation map, the current price is $110,163 with dense leveraged long and short positions clustered in this range. A breakout or breakdown could trigger significant liquidations, raising short-term volatility risks.
4.In the last 24 hours, spot BTC saw $218 million in inflows and $311 million in outflows, for a net outflow of $93 million.
5.Over the past 24 hours, BTC, ETH, BNB, and XRP futures saw net outflows, potentially presenting trading opportunities.
News Updates
- British Columbia, Canada will impose restrictions on electricity use for AI data centers and is permanently banning new cryptocurrency mining projects, prioritizing power supply for other industries.
- Blockchain.com, a cryptocurrency trading and wallet provider, is reportedly in talks to go public in the United States via a SPAC merger.
- The US CFTC’s request for public comment on crypto asset regulation ended on October 20. The Federal Reserve will hold a Payments Innovation Summit on October 21 to discuss stablecoins and tokenization of financial products.
- Latest data shows Zooz Power purchased 888.88 BTC last week, worth approximately $10 million. Publicly listed companies are accelerating allocation to digital assets.
Project Developments
- Solana Company has opened PIPE investors' share sales ahead of schedule, causing its share price to plunge by 60%.
- Solana officially announced its Chinese name as “索拉拉” (Suǒ Lā Lā) on social platform X.
- Bitwise: Four crypto ETP series have been listed on the London Stock Exchange.
- Ethena is conducting its first major team expansion, opening 10 new positions focused on new business lines and products.
- Jupiter: Officially launched Solana Ultra V3 trading engine.
- House of Doge: Became the largest shareholder of Italy's Triestina Football Club.
- Turtle: Completed a $5.5 million fundraising round to drive product iteration.
- Jackson.io: A Sui ecosystem protocol has launched its native token JACKSON.
- Plasma: Will unlock 88.89 million XPL tokens on October 25, representing 4.97% of its circulating supply and attracting market attention.
- Aria, the IPRWA protocol under the Story ecosystem, announced an airdrop plan for its native token $ARIAIP, with 10% of the total supply allocated to community distribution.
Disclaimer: This report was generated by AI and human-verified for accuracy. It is not intended as investment advice.
