Crypto Daily Recap – US & Global Headlines

Bitcoin plunges under $98,000; >$1B in longs liquidated · CoinDesk Why Bitcoin, XRP, Solana, and Ether slide as gold and silver soar · CoinDesk Dollar headed for weekly loss as investors await US data backlog · Reuters Stocks crumble as hopes fade for imminent Fed rate cut · Reuters Gold rises, poised for weekly gain on softer dollar · Reuters Bitcoin ETF Outflows Hit $1.2B Even as Wall Street Deepens Its Crypto Bets · CoinDesk Asia Morning Briefing: Bitcoin Rebounds as Polymarket Traders Bet U.S. Shutdown Will End Within Days · CoinDesk Asia refining margins soar as sanctions threaten Russian supplies · Reuters Investors anticipate new wave of Argentine reforms after Milei's midterm victory · Reuters End of Fed QT may offer Treasury convenient buffer · Reuters Stock Market Today: Dow, S&P Live Updates for Oct. 28 · Bloomberg Ceconomy, takeover target of JD.com, says it will exceed annual profit forecast · Reuters

📊 Market Moves

Bitcoin (BTC) recovered above $117,000, driven by dollar weakness and rising risk appetite. Ethereum (ETH) climbed above $4,300, while altcoins such as Solana, Cardano, and Dogecoin posted double-digit gains. Institutional interest is increasing: XRP and Solana futures on the CME are recording record open interest.

🏛 Politics & Regulation (USA)

US Government Shutdown: Several financial regulators (SEC, CFTC) are operating in emergency mode, delaying ETF approvals and regulatory processes. FDIC Leadership: President Trump nominated Travis Hill as permanent chairman, with expectations of a more crypto-friendly banking policy. World Liberty Financial: A Trump-affiliated project announced a crypto debit card and the stablecoin “USD1.” Donald Trump Jr.: The stablecoin boom could help secure long-term U.S. dollar dominance. Bullish Exchange: Launches regulated spot trading in 20 U.S. states – including a New York BitLicense. Regulatory Harmonization: The U.S. and U.K. are working on a “crypto passporting” framework; the SEC is planning to revise its crypto agenda.

👥 Industry Trends

US crypto job market is growing again: After years of talent outflow, companies are increasingly attracting professionals – supported by clearer regulations (e.g., GENIUS Act).

👉 Conclusion: The crypto markets are showing resilience despite the U.S. government shutdown. At the same time, stablecoins and new financial products are moving to the center of the political debate – setting clearer foundations for an institutionalized crypto future in the United States.

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