Daily Market Wrap | Oct. 31

2025-10-31 11:04:42

Abstract generation in progress

Hot Topics

IQ and Frax launch KRWQ, first Korean won-pegged stablecoin on Base, multichain via LayerZero, not yet available in Korea.

Hong Kong’s SFC monitors digital asset treasuries, warns of high stock premiums, and plans investor education and potential guidelines.

JPMorgan debuts Kinexys Fund Flow for real-time private fund settlement via blockchain, completing first transaction with Citco, extending its tokenization efforts.

Bitcoin trades at $109K amid fading U.S. ETF inflows and Powell’s hawkish tone after the Fed’s rate cut, while Solana drops 8% despite new spot ETF launches.

Market Updates

dYdX plans U.S. entry by end-2025 with spot trading and 50-65 bps fees, but perpetual futures remain barred pending regulatory changes.

IQ1,61%

FRAX-5,04%

ZRO-0,79%

BTC-0,16%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.