Daily Market Wrap | Oct. 29

2025-10-29 11:03:37

Abstract generation in progress

Hot Topics

DBS and Goldman Sachs complete the first OTC interbank crypto options trade, cash-settled for Bitcoin and Ether, to hedge institutional exposures amid surging derivatives demand in Asia.

Tether’s XAUT, backed by over 11.6 tons of Swiss-held gold, reached a $2.1B market cap in October, driven by record gold prices and retail demand in emerging markets.

CME’s XRP and Solana futures hit record open interest of $3B, with 9,900 XRP and 15,600 SOL contracts, signaling strong regulated altcoin demand.

Market Updates

DDA and Safello launch staked Bittensor TAO ETP (STAO) on SIX Swiss Exchange soon, with physical backing and 1.49% fee.

Ethereum’s Fusaka upgrade completes final Hoodi testnet rehearsal, enabling PeerDAS for lower data costs, with mainnet launch targeted for December 3.

PayPal shares surge 15% on OpenAI partnership to embed shopping in ChatGPT, 7% Q3 revenue growth, first-ever dividend, and raised full-year guidance.

OCT-1.26%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.