Daily Market Wrap | Oct. 27

2025-10-27 11:15:22

Abstract generation in progress

Hot Topics

Crypto market awaits Fed rate decision on Oct. 29, Core Scientific-CoreWeave merger vote on Oct. 30, Ethereum’s Fusaka testnet upgrade, and token unlocks, as BTC and ETH trade rangebound.

The Madras High Court ruled that crypto is property held in trust, halting WazirX’s plan to redistribute a user’s XRP under its Singapore-led restructuring after a 2024 hack.

Trump nominates SEC’s Michael Selig to lead CFTC, enhancing its crypto oversight role as House and Senate bills advance.

Kyrgyzstan launches Som-pegged KGST stablecoin, recognizes digital som CBDC for payments, and develops crypto infrastructure with a reserve and Binance ties.

Market Updates

ClearBank partners with Circle to integrate with its Payments Network, enabling fast, MiCA-compliant USDC and EURC transactions in Europe, with plans for tokenized asset settlements.

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