Crypto Markets & On-Chain Ecosystem Developments

Bitcoin (BTC) has given back its overnight gains and is trading at around $81,450 as of Oct. 20. The U.S. CFTC challenged CME’s standing to sue, saying CME failed to prove that the new Perpetual Contract policy caused it harm. JPMorgan is bringing JPM Coin to Ethereum to test bank-money settlement. Macro Events & Crypto Market Highlights According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) filed a complaint with the court last Friday, stating that CME failed to prove it ha

Sumit Gupta, co-founder of CoinDCX, has called for Crypto Tax in India reform, highlighting that India risks losing ₹57,147 crore in potential revenue due to traders migrating to offshore exchanges. According to the TIOL Knowledge Foundation report shared by Gupta, the high 1% TDS (Tax Deducted at S

Over 40% of large-cap altcoins are operating near their highest leverage levels of the year, according to on-chain market analysis firm Glassnode. The market has experienced a pullback since leverage peaked earlier this month. Mid-cap altcoins are also reaching yearly leverage highs, creating

According to SolanaFloor, Solana perpetual futures protocol Cardboardtrade has recorded daily trading volumes of approximately $1 billion, with cumulative liquidations exceeding $564 million. The platform, regarded as Solana's version of Papertrade, offers up to 1,000x leverage trading for BTC,

According to ChainCatcher, Elysium, the first L2 network built for Hyperliquid, will launch mainnet on November 9. The high-performance L2 is designed with HyperEVM as its settlement layer and works alongside HyperCore, which handles transactions. Elysium uses HYPE as its native gas token and

South Korea's National Tax Service disclosed preliminary specifications on October 6 for a system to track year-end holdings of large virtual-asset investors, according to the Public Procurement Service's KONEPS platform reported on October 20. The project, budgeted at approximately 1.382 billion

According to a working paper released by the Bank for International Settlements (BIS) on October 20, stablecoins can facilitate cross-border transfers via networks like Ethereum, Solana, and Tron, reducing reliance on correspondent banks and SWIFT. Major currency stablecoins trade near wholesale for

Ethereum options traders purchased downside protection at a premium on October 19, 2026, as short-dated put contracts traded significantly above call contracts in pricing. ETH declined roughly 8% over the past month while Bitcoin gained 1.5% during the same period, prompting defensive positioning in

BNB Chain opened a dedicated community forum category for NewL1, a new Layer 1 blockchain network, in July 2026, with renewed promotion on October 17 and 19, 2026. The project is seeking community input on the technical design of a network built to handle workloads that exceed the current capacity o

According to Coinglass data cited by ChainCatcher, crypto derivatives markets experienced $188 million in liquidations over the past 24 hours, with long positions accounting for $104 million and short positions $84.12 million. Bitcoin saw $30.87 million in long liquidations and $18.60 million in sho

Citi identified Aave as a collateral mobility protocol for tokenized capital markets in recent research. The financial institution's analysis positions Aave as capable of facilitating transactions in traditional finance. This recognition highlights the ongoing convergence between decentralized finan

According to Odaily, Pump.fun announced today a partnership with PreStocks to enable Pre-IPO token trading on its platform. Users can now trade tokens linked to eight unlisted companies: OpenAI, Anthropic, Anduril, Neuralink, Figure AI, Kalshi, Polymarket, and Oura. These tokens can also be used

According to Glassnode, over 40% of large-cap altcoins have leverage ratios approaching 2026 highs as of mid-October. Among mid-cap altcoins, the proportion of positions with elevated leverage has reached a new

According to The Block, the Blockchain Association has submitted comments on the U.S. Treasury Department's proposed GENIUS Act Section 3 implementation rules, which govern the issuance and sale of payment-oriented stablecoins by entities within the United States. The association said it supports t

Odaily reported that Layer 1 blockchain Aptos has activated its Encrypted Mempool feature on mainnet to reduce maximum extractable value (MEV) risks, including front-running and sandwich attacks. The optional mechanism keeps pending transactions encrypted until block ordering is finalized,

According to Tether CEO Paolo Ardoino's recent statement on X, Iran-related stablecoin trading volume on the platform has declined 94% following enforcement of U.S. sanctions. Ardoino responded to a report by U.S. Senator Richard Blumenthal, highlighting Tether's proactive measures in freezing sanct

According to Sophon, the modular blockchain will shut down its mainnet on November 30, 2026. Users must withdraw assets including SOPH, ETH, and USDC by November 25, the asset withdrawal deadline. After this date, key infrastructure and related websites will begin shutting down, and assets