Daily Market Wrap | Oct. 14

Hot Topics

• BlackRock's IBIT ETF saw $134M inflows over two days and 10 straight days of gains, bucking a $326M industry outflow amid Bitcoin's drop from $122K to $107K.
• Bitcoin dropped below $112K, Ethereum and Dogecoin fell 6%, with $630M in liquidations as China's sanctions on U.S. firms fueled trade war fears.
• SG-FORGE and Bitpanda expand partnership to offer regulated EUR/USD stablecoins for DeFi lending and borrowing via Bitpanda’s wallet.
• Bhutan is shifting its National Digital Identity from Polygon to Ethereum to boost security, targeting completion by Q1 2026.

Market Updates

• Ethereum's Fusaka upgrade, tested on Sepolia, adds PeerDAS to cut data costs, with a final Hoodi test on October 28 before mainnet launch.
• Enso Network, Polychain-backed, launched its mainnet and ENSO token on Ethereum and BNB, unifying DeFi protocols with one interface, supporting 145+ projects and $17B in settlements.