Fed Rate Cut Anticipation, Yen Stablecoin Launch, and Meme Coin Surge Shape Crypto Market

I. Crypto Market Overview

Key Takeaways

Macro Environment

The Federal Reserve is expected to cut rates this week, fueling risk appetite and digital asset inflows. Japan launched the first fully regulated yen-pegged stablecoin, diversifying global stablecoin markets. US-China trade optimism and a weaker dollar are supporting capital flows into crypto.

Crypto Market

The crypto market saw mixed performance as BTC fell 0.67% to $114,273 and ETH dropped 1.17% to $4,132, pressured by profit-taking and macro uncertainty. Altcoins diverged: Official TRUMP (TRUMP) surged 11.7%, Hedera (HBAR) rose 7.4%, and Bittensor (TAO) gained 4.5%, driven by meme coin momentum, enterprise adoption, and AI narratives, while Solana (SOL) slipped 1.8%.

Today's Outlook

Blockchain Life 2025 opens in Dubai, gathering 200+ Web3 leaders and major firms. Significant token unlocks for GRASS, Jupiter, and ZORA, totaling over $100M, may impact market liquidity and volatility.

Fear and Greed Index

44.00% Annual Percentile

42 Neutral

Total Crypto Market Cap

$3.85T

0.94%

Total Market Trading Volume

$163.39B

27.77%

Altcoin Season Index

58.33%

Quarterly Percentile

28 / 100

Total Futures Market Open Interest

3.41B

0.61%

Futures

853.18B

2.30%

Perpetuals

II. Industry Updates

Macro-economic Policies

The Federal Reserve is widely expected to cut interest rates by 25 basis points at its October 29 meeting, a move that could boost Bitcoin and digital asset prices by increasing market liquidity and risk appetite.

Recent softer-than-expected US CPI data has fueled optimism for further monetary easing, driving $921 million in inflows into digital asset investment products and supporting bullish sentiment in the crypto market.

The US dollar has weakened ahead of the Fed decision, while Asian currencies have strengthened on improved US-China trade sentiment, supporting capital flows into risk assets like Bitcoin and DeFi protocols.

A potential US-China trade agreement, with leaders meeting October 30, is lifting global equities and crypto, as reduced trade tensions may further stimulate cross-border capital movement and digital asset demand.

The European Union has announced a ban on the ruble-pegged A7A5 stablecoin as part of its 19th sanctions package against Russia, which may impact cross-border crypto flows and liquidity in affected markets.

Cryptocurrency Regulatory Trends

Japan has officially launched JPYC, the first fully regulated yen-pegged stablecoin, under strict FSA oversight. This move diversifies global stablecoin markets and may boost yen's role in digital payments.

Canada is accelerating the rollout of a national stablecoin regulatory framework, aiming to include new rules in the November 4 federal budget. This is to prevent capital flight to U.S. stablecoins and maintain financial sovereignty.

The Hong Kong Securities and Futures Commission has opened bids for a virtual asset transaction monitoring system, aiming to enhance oversight of crypto trading and detect irregularities, signaling tighter regulatory controls.

Swiss crypto firm Relai has secured a MiCA license from France's AMF, becoming one of the first Bitcoin-only service providers to comply with the EU's unified crypto regulatory regime, supporting investor protection and market integrity.

ZetaChain has achieved compliance with the EU's MiCAR regulation and received Dubai DFSA accreditation, expanding its regulatory reach and enabling broader institutional and user access in Europe and the Middle East.

Official TRUMP (TRUMP): Surged 11.7% in 24h with $1.55B volume, driven by strong meme coin momentum and high Solana ecosystem activity, ranking #59 by market cap.

Hedera (HBAR): Rose 7.4% in 24h with $332M trading volume, supported by increased enterprise adoption and network efficiency, now holding a $8.26B market cap.

Bittensor (TAO): Gained 4.5% in 24h, reaching $420 and $340M volume, fueled by ongoing AI and decentralized machine learning narrative, maintaining strong developer interest.

Smart Money Movements

Strategy Inc. acquired 390 BTC for approximately $43.4 million at an average price of $111,053 per coin, raising its total holdings to 640,808 BTC and reporting a 26% yield year-to-date.

Reliance Global Group purchased Solana (SOL) for its digital asset treasury, expanding reserves that already included Bitcoin, Ethereum, Cardano, and XRP, as disclosed on October 27, 2025.

A whale transferred 748 BTC, valued at about $86.1 million, from an unidentified wallet to Cumberland, a major crypto market maker, indicating significant liquidity movement.

BitMine increased its Ethereum holdings by 77,055 ETH, bringing its total to 3,313,069 ETH, which accounts for 2.8% of the total ETH supply and is valued at approximately $13.75 billion.

American Bitcoin Corp acquired 1,414 BTC, increasing its total Bitcoin holdings to 3,865 BTC, with some used for custody or as collateral in mining equipment agreements.

Events to Watch

Oct 28 (Tue)

Blockchain Life 2025 kicks off in Dubai, featuring 200+ speakers and major Web3 firms; GRASS, Jupiter, and ZORA tokens unlock, totaling over $100M.

Oct 29 (Wed)

Federal Reserve announces interest rate decision and holds FOMC press conference; Bank of Canada expected to cut rates by 25bps; 375ai EAT token generation event.

Oct 30 (Thu)

ECB, Bank of Japan, and US release key interest rate decisions; ZORA unlocks 166M tokens ($16.3M); US Q3 GDP preliminary data published.

Oct 31 (Fri)

US Core PCE Price Index and Eurozone CPI data released, both key inflation indicators; Japan Tokyo core CPI and China PMI data also published.

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