Solana, Litecoin, Hedera ETFs Launch; BTC, HBAR, TRUMP Lead Gains

I. Crypto Market Overview

Key Takeaways

Macro Environment

The Federal Reserve is expected to cut rates by 25 basis points, potentially ending quantitative tightening and injecting liquidity into global markets. Wall Street is launching the first spot ETFs for Solana, Litecoin, and Hedera, expanding institutional access. Nigeria and South Africa's removal from the FATF greylist signals improved regulatory standards and may boost cross-border capital flows.

Crypto Market

The crypto market shows a mixed trend over the past 12 hours. Bitcoin (BTC) rose 1.02% to $115,918, while Ethereum (ETH) gained 0.61% to $4,168.82, both supported by expectations of Fed easing. Hedera (HBAR) surged 15.1% on ETF launch news, Official TRUMP (TRUMP) jumped 23% amid meme coin rotation, and Bittensor (TAO) climbed 12.1% on AI protocol upgrades. Altcoins are led by strong gains in the ETF and AI sectors.

Today's Outlook

Today, the Bitwise SOL ETF, Canary LTC ETF, and HBAR ETF launch on Nasdaq, marking a milestone for institutional crypto access. Major token unlocks for ASTER, DOGE, and TAO—each exceeding $10 million—may introduce volatility and impact short-term price dynamics across related assets.

Fear and Greed Index

44.00% Annual Percentile

42 Neutral

Total Crypto Market Cap

$3.89T

0.12%

Total Market Trading Volume

$145.48B

8.81%

Altcoin Season Index

58.33%

Quarterly Percentile

28 / 100

Total Futures Market Open Interest

3.43B

1.00%

Futures

852.52B

2.38%

Perpetuals

II. Industry Updates

Macro-economic Policies

The Federal Reserve is expected to cut interest rates by 25 basis points on October 29, which could inject liquidity into global markets and support risk assets such as Bitcoin and DeFi protocols.

Wall Street anticipates an imminent end to the Fed's quantitative tightening, a move that would increase dollar liquidity and potentially drive up BTC prices and overall crypto market capitalization.

The Russell 2000 index hit a record high, fueled by expectations of a Fed rate cut and improved U.S.–China trade relations, signaling a risk-on environment that may boost DeFi and NFT trading volumes.

China has launched the Digital RMB International Operations Center in Beijing, aiming to expand the digital yuan's cross-border use, which could enhance global stablecoin flows and impact crypto market liquidity.

The launch of the first spot ETFs for Solana, Litecoin, and Hedera on Wall Street increases institutional access to these assets, likely improving market depth and liquidity for related DeFi and NFT ecosystems.

Cryptocurrency Regulatory Trends

The first spot ETFs for Solana, Litecoin, and Hedera launched on Wall Street, increasing institutional access and potentially boosting liquidity and investor confidence in these digital assets.

Hedera (HBAR) surged over 16% after the launch of the Canary HBAR ETF on Nasdaq, with BitGo and Coinbase Custody providing regulated custody, signaling growing regulatory acceptance and market maturity.

Crypto.com has applied for a U.S. national trust bank charter with the OCC to expand regulated digital asset custody, reflecting the industry's push for federal oversight and enhanced institutional trust.

Nigeria and South Africa were removed from the FATF greylist after strengthening anti-money laundering and crypto regulations, likely improving investor sentiment and cross-border capital flows in these markets.

VanEck filed its sixth amendment for a spot Solana ETF with the SEC, highlighting ongoing regulatory engagement and the potential for further expansion of crypto ETF offerings in the U.S. market.

OFFICIAL TRUMP (TRUMP): Surged 23% in 24h with $2.28B volume, driven by anticipation of a US-China trade deal and meme coin sector rotation, making it the sixth-largest meme coin.

Hedera (HBAR): Jumped 15% in 24h with $1.04B volume, fueled by the launch of the Bitwise Solana Staking ETF and strong institutional inflows, defying broader market correction.

Bittensor (TAO): Rose 11.6% in 24h with $495M volume, supported by renewed interest in decentralized AI protocols and recent mainnet upgrades, boosting network participation.

Smart Money Movements

American Bitcoin acquired 1,414 BTC worth $163 million, raising its total reserves to 3,865 BTC and causing its stock to surge over 11%.

ZOOZ Strategy Ltd. purchased 94 BTC at $112,000 each, expanding its Bitcoin holdings to 1,036 BTC valued at approximately $115 million.

BlackRock acquired 17,440 ETH valued at $72.5 million for its spot Ethereum ETF, highlighting growing institutional interest in Ethereum.

Hyperscale Data increased its Bitcoin treasury to $68.8 million, with 194.5 BTC held and $46.5 million in cash allocated for future Bitcoin purchases.

A whale invested $2.4 million USDC to purchase 49,233 HYPE tokens on HyperLiquid, demonstrating continued large-scale activity in the ecosystem.

Events to Watch

Oct 28 (Tue)

Bitwise SOL ETF, Canary LTC ETF, and HBAR ETF launch on Nasdaq; ASTER, DOGE, and TAO unlock tokens worth over $10M each.

Oct 29 (Wed)

Grayscale SOL ETF launches and Grayscale's Solana Trust converts to spot ETF, expanding institutional access to Solana.

Oct 30 (Thu)

European Central Bank holds monetary policy meeting, with potential impact on global markets and crypto sentiment.

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