News
The day at a glance · 3 min read
Mood · Risk-Off
-72
Sentiment, −100 to +100
Bitcoin Price
$81,000
Bitcoin Intraday Low
$80.1K
KOSPI Index Decline
7.5%-7.5%
Key driverHotter-than-expected US Core CPI data triggered risk-off sentiment across crypto markets, with contagion from Korean tech selloff amplifying pressure.
Daily briefCrypto & Web3· Money365.Market AI ·

Crypto Slides on Macro Headwinds, Policy Shifts

Bitcoin falls below $81,000 as inflation data weighs; miners drop sharply on broader selloff; Australia tightens exchange rules.

Bitcoin & Ethereum

Bearish

Crypto Liquidations

$1B
BTCETH
01
Bitcoin fell below $81,000 as AI selloff worsened, with price action showing continued contagion from Korean tech weakness after the KOSPI Index fell 7.5%. Bitcoin dipped to $80.1K during the session as broader risk sentiment deteriorated following hotter-than-expected US Core CPI data.
02
Ethereum tumbled following the inflation data, with the broader risk-off sentiment in the crypto market adding pressure to the network. Interactive Brokers launched Ethereum staking for eligible US clients on October 13, broadening access to staking rewards, while Ethereum's Glamsterdam upgrade is progressing through testnet development focused on increasing network capacity and improving transaction processing.
03
Nearly $1 billion in crypto bets were liquidated as bitcoin, ether and XRP declined in the session.

ETF Flows & Institutional

Bearish

BTC ETF Outflows (Since Mon)

$151M-$151M

BTC ETF Outflows (Prev Week)

$681M-$681M

Headline ETF Outflow

$261M-$261M

U.S. National Debt

$40T
IBIT
01
Bitcoin ETFs recorded $151 million in net outflows since Monday, following $681 million withdrawn the previous week. The headline outflow figure including the title reference stands at $261M as XRP funds bucked the weekly outflow trend.
02
BlackRock CEO Larry Fink named a U.S. recession trigger and sounded alarm over $40 trillion national debt, though specific crypto implications were not detailed in his remarks.

Crypto Stocks

Bearish

Miner Decline (Max)

13%-13%

Select Miners Loss

12%-12%

Closed Pool Network Share

2.3%

Closed Pool Hashrate Drop

65%-65%
HUTMARARIOTCLSK
01
Bitcoin miners fell up to 13% in Wall Street's worst selloff since July, with hotter inflation hitting AI infrastructure companies. TeraWulf, Core Scientific, Cipher Mining and IREN each lost more than 12% as the macro selloff intensified.
02
A Bitcoin mining pool once handling 2.3% of network hashrate shut down after its hashrate fell 65%, though the specific pool was not identified in reporting.

Regulation & Policy

Neutral

White House Council Exits

4
01
White House crypto council chief Patrick Witt stepped down, marking the fourth high-profile exit from the advisory group and leaving a leadership gap at the White House Crypto Council.
02
Australia's financial watchdog is seeking stiffer rules for crypto exchanges ahead of a licensing deadline, with the securities regulator proposing capital, custody and trading standards for crypto platforms. The consultation follows Parliament's passage of digital asset legislation in April, with rules slated for 2027 rollout.
03
Thailand's new Bitcoin and Ether ETF rules take effect Friday, though CoinShares expects modest initial inflows as existing investment options compete for demand.
04
Hyperliquid founder stated he wants U.S. oversight of trading platforms, not his blockchain, addressing regulatory jurisdiction questions.

DeFi & Protocol Developments

Neutral
STRKAAVE
01STRK
Starknet opened a vote on potentially exiting Ethereum layer-2 status over quantum risks, asking STRK holders whether to explore becoming an independent layer-1 blockchain to reduce dependence on Ethereum's quantum-security upgrade timeline.
02
Babylon advanced its native Bitcoin lending proposal on Aave V4, entering a new governance stage, though further votes and security reviews remain before launch.

Security & Infrastructure

Bearish

Q3 Crypto Hacks

$1.2B

Supply Chain Attack Share

77%
01
Bitget and Liquid exploits pushed Q3 crypto hacks toward $1.2B, with compromised suppliers, developer tools and infrastructure components outside security audits driving about 77% of the quarter's total losses, according to Hacken.
02
South Korea is planning a cybersecurity overhaul after attacks hit banks and crypto firms, proposing tougher cybersecurity assessments after a review identified security deficiencies at 130 financial firms.
03
Hex founder Richard Heart was arrested in Istanbul, Turkish media reported, though further details on charges were not disclosed.

Looking Ahead

Neutral
01
US PPI, Retail Sales and Jobless Claims data are scheduled for release, with Fed Chair Warsh speaking late in the day in a fireside chat with IMF Managing Director Georgieva. Warsh is against forward guidance and unlikely to give policy signals.
02
Flash PMIs, the FOMC meeting, US-Iran negotiations and US midterm elections represent potentially strong catalysts ahead. Deteriorating economic data could increase concerns about growth and further weigh on risk sentiment and crypto assets, while an end to the US-Iran conflict could ease inflationary pressures and support broader recovery in risk assets.

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