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Crypto just woke up - here's what changed

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Plus: IBM gives TradFi a key to crypto's front door

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GM. Skimming the froth off crypto's latest events keeps your juice fresh and your info cleaner.

Here's what's in the pitcher today:

🍍 Market rebound on inflation news;

💾 IBM opens crypto playground;

🍋 Kyrgyzstan debuts stablecoin, Trump pardons Binance's CZ + more

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🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $3.90T 1.26% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $115,225.01 1.71% 3.68%
Ethereum Ethereum ETH $4,187.89 3.43% 5.58%
XRP XRP XRP $2.67 1.70% 8.78%
BNB BNB BNB $1,147.42 1.83% 4.42%
Solana Solana SOL $201.03 1.23% 6.42%
Prices as of 11:00 AM EST. Click here to see live data.

Ever had those moments when you wake up at night, still half-asleep, and see a scary shadow in the corner of your room... but then realize it's actually your own coat on the chair?

This feeling is lowkey the crypto market's vibe rn.

Just recently, everyone was gripping the edge of their seat, sure we were in for more pain. But the mood flipped when US inflation numbers dropped, and they were actually better than expected.

And now, everybody and their mom is betting that we'll get an interest rate cut this week.

Target rate probabilities for the next FOMC meeting on October 29

Source: CME FedWatch

Quick reminder: rate cuts are typically bullish for crypto. So, the crypto market flipped positive:

👉 Bitcoin charged past $115K;

👉 Ethereum reached $4.2K;

👉 And the crypto Fear & Greed Index crawled out of Fear and made it to Neutral. In crypto, that's basically a group sigh of relief.

The bottom line: good news on inflation means more people are willing to take risks again.

Now, we'll be watching Fed Chair Jerome Powell to see if he keeps the door open for even more rate cuts this year.

If the Fed really is easing up, we could expect some fireworks 🎉

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🥝 Memecoin harvest

Turbo pumps making my portfolio look like a meme template 📈

Data as of 11:08 AM EDT.

Check out these memecoins and plenty more here.

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💾 IBM opens crypto playground

Institutions wanna dip their toes into crypto - stablecoins, tokenized assets, maybe even some DeFi yield... but they're scared of headlines about lost keys and hacked funds.

And the tech giant IBM has a solution for them: Digital Asset Haven.

It's a platform for the suits - the banks, Fortune 500s, and even government agencies that want the upside of blockchain without the seed phrases.

IBM's packaging up custody, payments, and access to vetted DeFi platforms - all wrapped in enterprise-grade compliance and security.

Basically, the same company that keeps airports running and credit card networks alive is now building crypto infrastructure.

IBM's tweet about their Digital Asset Haven

Source: @IBMcloud

And they're not doing it alone - they teamed up with Dfns, a security firm known for creating fortress-level wallet tech.

The platform officially goes live in late 2025, and it's IBM's big bet that crypto's next wave will be powered by institutions that finally feel safe enough to jump in.

Now, here's why this story matters:

For years, TradFi has been looking at crypto like, "cool tech, but too risky." IBM's development is a sign that the guardrails are finally going up.

So don't be surprised when your bank - or your local government - suddenly starts talking about "digital asset initiatives."

This is the bridge.

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🍋 News drops you can't miss

🇰🇬 Kyrgyzstan launched a stablecoin called KGST. It's running on BNB Chain, and if they approve the reserve plan, BNB will help back it.

🇺🇸 Changpeng Zhao, Binance's former CEO, got pardoned by President Trump. He'd already served 4 months in prison for breaking US anti-money laundering laws after a heavy lobbying campaign.

🏎️ Ferrari's launching the Token Ferrari 499P, where a few fans can bid for the actual Le Mans 499P car. They're teaming up with Conio, a fintech company, to make it happen.

🧑‍💻 Coinbase CEO Brian Armstrong wants to move the whole startup process to the blockchain, from registering the company to going public. He talked about this plan on a TBPN podcast episode.

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🍌 Juicy memes

Meme about being philosophical yet seen as goofy and not taken seriously.

Source: @dogeofficialceo

Meme about caffeine dependence and the struggle of skipping meals.

Source: @0xgaut

Meme about the dynamics between whales and small traders in leverage trading.

Source: @BitcoinMemeHub

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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