Bitget Daily Digest（October 9）｜UK FCA lifts retail ban on crypto ETNs; Linea to unlock 1.08 billion tokens tomorrow; Bitcoin ETF sees net inflow of 7,743 BTC in a single day.
Today's Preview
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The UK Treasury establishes a "Digital Markets Supervisor" to advance the blockchain transformation of wholesale markets;
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BlackRock’s Bitcoin ETF holdings exceed 800,000 BTC. This means that in 437 trading days since launch, IBIT has purchased an average of 1,836 BTC per day.
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Linea (LINEA) will unlock 1.08 billion tokens worth approximately $29.6 million on October 10, 2025 (UTC+8);
Macro & Hot Topics
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The UK FCA will allow retail access to crypto ETNs starting October 8, provided they are listed on FCA-approved UK exchanges. The derivatives ban remains in place;
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A dormant Bitcoin whale sold 3,000 BTC (about $364 million USDC) on the HyperLiquid platform on October 8 after three weeks of inactivity. The whale still holds 46,765 BTC;
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This week sees major token unlocks from several leading projects: Linea (1.08 billion tokens), Aptos (11.31 million tokens, valued at about $61.3 million), and Axie Infinity (652,500 tokens), among others—potentially impacting market liquidity;
Market Updates
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BTC and ETH experienced short-term pullbacks. Market sentiment is optimistic, with active long-short confrontation. Over the past 24 hours, total liquidations across the market reached about $431 million. Investors should stay alert to volatility risks;
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US stocks showed mixed performance: Nasdaq rose 1.12%, S&P 500 up 0.58%, and Dow Jones slightly down;
News Updates
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The US government shutdown has entered its second week, significantly delaying progress on crypto market structure legislation;
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Wisconsin Congressman Bryan Steil stated that the Republican Party aims to advance the “CLARITY Act,” a crypto market structure bill, by 2026;
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SEC Chairman Paul Atkins said the SEC plans to officially establish a crypto “innovation exemption” rule by the end of 2025 or early 2026 to foster the development of emerging digital asset technologies;
Project Developments
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DeFi Development Corp. and Superteam Japan have launched Japan’s first Solana-based treasury project, DFDV JP;
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Aptos (APT) will unlock 11.31 million APT (about 2.15% of circulating supply) on October 11;
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Axie Infinity (AXS) will unlock 652,500 AXS (~0.25% of circulating supply) on October 9;
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Jito (JTO) is scheduled to unlock some tokens this week, specific amounts TBD;
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Solana treasury firm Helius plans to buy at least 5% SOL, and will seek a secondary listing in Hong Kong;
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BlackRock's IBIT and ETCH products have reached new highs in BTC and ETH holdings, respectively;
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HyperLiquid has become the main platform for whale BTC sell-offs;
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Superteam Japan continues to expand Solana ecosystem partnerships in Japan;
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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