Bitget Daily Digest（October 14）｜After tariff panic, TACO trading resurfaces; UK plans major tax cuts and advocates for the central bank to hold Bitcoin; multiple tokens set for large unlocks in the ne
Today's Preview
- Chiliz Chains is scheduled to implement the Snake8 hard fork on October 14, 2025, at 17:00, bringing core protocol upgrades.
- The Ethereum Fusaka testnet hard fork will go live on Sepolia on October 14, 2025, potentially accelerating early-stage testing of new Ethereum features.
Macro & Trending Topics
- The leader of the UK Reform Party has proposed deregulating crypto assets if elected, suggesting crypto capital gains tax be reduced to 10%, and advocating for the Bank of England to establish Bitcoin reserves.
- In the next 7 days, major unlocks include FTN, CONX, ARB (single large unlocks), as well as SOL, TRUMP, WLD (linear unlocks), with a combined value exceeding $446 million.
Market Overview
- BTC and ETH prices have rebounded within a range, with market sentiment remaining bearish (Fear & Greed Index: 42). Approximately $56.91 million was liquidated in the past 4 hours, primarily long positions.
- All three major US stock indices closed higher on Monday. The Dow Jones surged 1.29%, the Nasdaq jumped 2.21%, and the S&P 500 rose 1.56%, reflecting optimistic sentiment.
3.Bitget BTC/USDT liquidation map shows concentrated dual-sided liquidations in the 113,000 – 115,000 zone, with high leverage clustering and heightened volatility risk. Caution is advised.
4.Over the past 24 hours, spot BTC inflows totaled $220 million, outflows $389 million, resulting in a net outflow of $169 million.
4.In the last 24 hours, BTC, ETH, BNB, and XRP contracts saw leading net outflows, potentially indicating trading opportunities.
News Updates
- Major global banks have officially proposed a joint stablecoin initiative, marking continued acceleration of crypto adoption by traditional financial giants.
- Citi plans to launch crypto custody services in 2026, deepening its institutional digital asset offerings.
- The chairman of the Financial Stability Board (FSB) has warned that the expansion of stablecoins and private financial ecosystems presents “emerging risks.”
Project Developments
- Hyperliquid completed the HIP-3 upgrade, officially enabling permissionless creation of perpetual contract markets as of October 13.
- Portal to Bitcoin mainnet officially launched on October 13, 2025, pioneering Bitcoin-first protocols.
- Ethena Labs has transferred the USDtb smart contract to Anchorage Digital, making it the first federally regulated stablecoin under the GENIUS Act.
- The commercial arm of Dogecoin, House of Doge, has merged with Brag House Holdings and will go public through a reverse acquisition.
- Options market data shows traders are heavily buying BTC and ETH put options to hedge against potential downside risk.
- China’s Cyberspace Administration released the 20th batch of blockchain service registrations, covering 30 new services.
- Bitcoin spot market saw a net outflow of $169 million over the past 24 hours, signaling a more cautious market mood.
- Multiple tokens including FTN, CONX, and ARB will see substantial unlocks in the near term, totaling over $446 million.
Disclaimer: This report is AI-generated and manually fact-checked for information accuracy only. It should not be construed as investment advice of any kind.
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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