Monetary Policy

US Treasury Secretary Scott Bessent called the GENIUS Act a turning point in American financial history in a social media post on October 21. Bessent stated the law strengthens the country's position as the world's capital for virtual assets, or cryptocurrencies. The GENIUS Act establishes a

According to Farside Investors, US spot Bitcoin exchange-traded funds attracted $526.7 million in inflows on October 19, reversing an $82.4 million withdrawal from the previous session. BlackRock's IBIT led with $665.2 million in inflows. Bitcoin climbed to approximately $82,830 on October 19,

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

CME Group plans to launch standard and micro futures tied to Bitcoin Cash and Uniswap on Oct. 19, subject to regulatory review, as crypto investors monitor a series of macroeconomic data releases scheduled for this week. The futures launch coincides with purchasing managers' index data from the

According to Farside Investors data, U.S. Spot Bitcoin ETFs saw net outflows of approximately $679 million from Oct. 5 to 9, followed by another $228.4 million in outflows from Oct. 12 to 16, for a two-week total of $907 million. Net outflows for October through Oct. 16 totaled $615 million. September CPI rose 3.7% year over year, exceeding market expectations. Farside: Detailed ETF Net Outflows Over Two Weeks, IBIT Sees $165.4 Million in Five-Day Outflows According to Farside Investors data, du

According to the latest Polymarket figures, the Federal Reserve has an 87% probability of holding interest rates steady at its October 27-28 meeting, while odds of a 25-basis-point rate hike have dropped to 14%. The market assigns less than 1% chance to a rate cut or larger increase. The

U.S. spot Bitcoin ETFs recorded net outflows of $228.6 million this week, following a $681.1 million drain the previous week, according to data from SoSoValue and Decrypt's ETF tracker. The outflows were triggered by hotter-than-expected inflation data, with the consumer price index showing prices u

Multiple statistical agencies and central banks will release key economic indicators from Oct. 19 to Oct. 23, including China's third-quarter GDP, US initial jobless claims, and UK September consumer price index. The schedule also includes the Bank of Korea's base-rate decision on Oct. 22 and US Oct

From 21:15 to 21:30 UTC on October 17, 2026, ETH fell sharply by 1.22% over 15 minutes, trading in a range of 2394.63 to 2425.08 USDT, with an amplitude of 1.26%. The market showed a pattern of declining prices on low volume, with bulls clearly lacking confidence. The intraday low was 2394.11 USDT, and overall sentiment was cautious. The main drivers of this move were a resurgence in inflation expectations due to high oil prices at the macro level and mounting policy pressure on the Fed to maint

According to a recently released working paper from the Bank for International Settlements (BIS), bank deposits and stablecoins like USDC function as portfolio substitutes. The study reveals that a 1-basis-point increase in bank deposit rates can reduce stablecoin market cap growth by

Bank for International Settlements researchers found that a 0.01 percentage point increase in U.S. bank deposit rates correlates with slower stablecoin market growth, CoinDesk reported on October 17. Rashad Ahmed and Iñaki Aldasoro analyzed weekly data from January 2019 through June 2025. The

According to a working paper released by the Bank for International Settlements on October 17, higher deposit interest rates are associated with slower stablecoin market value growth. The study, based on U.S. weekly data from January 2019 to June 2025, found that a 1 basis

European Central Bank President Christine Lagarde stated on Saturday that the euro area's September inflation rate of 3.8% largely reflected high energy costs, which the ECB expects to ease next year. The statement, delivered at the IMF Annual Meetings, indicated that an energy shock is expected to

According to CoinShares, on October 17, global digital asset investment products saw net outflows of $434 million this week, as stronger-than-expected U.S. inflation and consumer data shifted market expectations toward a more hawkish Federal Reserve stance. U.S. September CPI rose 0.6% month-over-m

According to CoinShares on October 16, Bitcoin fell to $81,473, down 2% over seven days, after U.S. inflation data came in hotter than expected. The firm's Head of Research, James Butterfill, said Bitcoin's near-term setup is difficult but not fundamentally bearish, as the macro environment sits

Digital asset investment products recorded $434 million in net outflows in the week to October 16, according to CoinShares' weekly fund flows report. The drawdown accelerated after the Bureau of Labor Statistics reported September Consumer Price Index inflation at 3.7% year over year on October 14,

According to CoinShares, global digital asset investment products experienced net outflows of $434 million this week following the release of September CPI data. The U.S. CPI rose 0.6% month-over-month and 3.7% year-over-year, exceeding market expectations of 3.6%. Markets repriced Federal Reserve p

Sweden's Riksbank urged parliament to prepare e-krona legislation in a letter reported by Cointelegraph on October 16. The central bank recommended beginning legislative preparations for the e-krona, a central bank digital currency, citing the European Central Bank's digital euro project and the

Bitcoin (BTC) rebounded from its overnight low, trading at around $82,280 as of October 16. Jonathan Gould, the Comptroller of the Currency, disclosed that the final rules for implementing the GENIUS Act are expected to be released by the end of October. MSCI finalized new index rules, putting digital asset companies such as Strategy at risk of removal. Macroeconomic Events & Crypto Hotspots Crypto journalist Eleanor Terrett disclosed in a post that Jonathan Gould, Comptroller of the Currency at