Since 7 Oct, stablecoin supply has been falling: $307.9B to $301.5B (-$6.4B). $USDT went from $184.2B to $182.0B (-$2.2B). $USDC went from $74.3B to $71.3B (-$3.0B). $PYUSD grew $2.90B to $3.00B, $RLUSD $2.53B to $2.60B. $EURC and euro pegged stables rose too (EURC +$4M). https://t.co/j7CtHNycF4
Weekly Market Update – 26.10.2026 Bitcoin ($BTC): $80,000 Ethereum ($ETH): $2,300 Weekly Top Gainers: MemeCore ($M) +31.34% Stable ($STABLE) +9.04% Ethena ($ENA) +8.01% Market cap: $2.68T BTC dominance: 60.2% Fear & Greed Index: 50 (Neutral) https://t.co/oyQnMns0gB
Last 24h on Hyperliquid, tradeXYZ's stock, index and commodity perps traded $4.01B. The main crypto book traded $5.86B. 6 of the top 10 markets were TradFi. The S&P 500 contract did twice the volume of SOL. Onchain perp venues now compete for TradFi flow, not just crypto. https://t.co/QwmMbx3ry5
Who is funding the bounce? US spot Bitcoin ETFs took in a net $997.4M between 15 and 21 October. Almost all of it landed on two days: +$526.7M on 19 October and +$524.8M on 21 October. Over the same week, total stablecoin supply fell $1.71B, from $305.52B to $303.80B. BTC still finished the week higher at $82,204, up 2.39% over seven days. It briefly reached about $84,800 late Wednesday before giving back more than $2,000 overnight. The two flows reach different markets. ETF demand runs through authorised participants and mostly shows up as spot buying on a small set of venues. Stablecoins are the quote currency for most crypto-native books: perps margin, altcoin pairs, DEX pools and new listings. A bounce funded by ETF creations does not refill the stablecoin balances behind altcoin and long-tail order books. When that float shrinks, quote-side depth on smaller pairs thins first, and spreads there widen faster on volatile days.
This is a step in the right direction. With the industry growing and crypto going mainstream, open and honest markets have to be the standard. The strongest ask: adding market-maker agreements to required disclosures, including tokens loaned and the vehicle used. The letter calls a loan of unissued tokens "among the most consequential facts for a newly launched token." Hard to disagree. Hidden liquidity deals are still one of the biggest trust problems at launch, and buyers rarely see them. Disclosure costs nothing to those playing fair. It just makes bad deals harder to hide. A new agreement triggering an update, instead of waiting for the annual filing, is the right call too.
Weekly Market Update – 19.10.2026 Bitcoin ($BTC): $83,000 Ethereum ($ETH): $2,400 Weekly Top Gainers: Monero ($XMR) +10.19% Injective ($INJ) +7.81% Arbitrum ($ARB) +2.20% Market cap: $2.76T BTC dominance: 60.2% Fear & Greed Index: 59 (Greed) https://t.co/p4re0J58C1
