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

1. Chiliz Chains is scheduled to implement the Snake8 hard fork on October 14, 2025, at 17:00, bringing core protocol upgrades.
2. 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

1. 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.
2. 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

1. 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.
2. 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

1. Major global banks have officially proposed a joint stablecoin initiative, marking continued acceleration of crypto adoption by traditional financial giants.
2. Citi plans to launch crypto custody services in 2026, deepening its institutional digital asset offerings.
3. The chairman of the Financial Stability Board (FSB) has warned that the expansion of stablecoins and private financial ecosystems presents “emerging risks.”

Project Developments

1. Hyperliquid completed the HIP-3 upgrade, officially enabling permissionless creation of perpetual contract markets as of October 13.
2. Portal to Bitcoin mainnet officially launched on October 13, 2025, pioneering Bitcoin-first protocols.
3. Ethena Labs has transferred the USDtb smart contract to Anchorage Digital, making it the first federally regulated stablecoin under the GENIUS Act.
4. The commercial arm of Dogecoin, House of Doge, has merged with Brag House Holdings and will go public through a reverse acquisition.
5. Options market data shows traders are heavily buying BTC and ETH put options to hedge against potential downside risk.
6. China’s Cyberspace Administration released the 20th batch of blockchain service registrations, covering 30 new services.
7. Bitcoin spot market saw a net outflow of $169 million over the past 24 hours, signaling a more cautious market mood.
8. 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.