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Plus: UK approves tokenized funds

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GM. In the crypto news basket full of lemons, there's always that one story trying to turn into limoncello.

Let's see what's sweet and what's sour today:

🍍 US-China trade tensions;

👍 FCA approves tokenized investment funds

🍋 Safer ways to send money, BitForex exec linked to Hyperliquid whale + more

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🍍 Market flavor today

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

 Crypto Market Cap: $3.80T -2.74% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $111,744.11 -2.66% -9.05%
Ethereum Ethereum ETH $3,990.40 -3.44% -12.99%
BNB BNB BNB $1,184.48 -7.00% -8.76%
XRP XRP XRP $2.46 -4.73% -15.66%
Solana Solana SOL $196.87 0.41% -12.30%
Prices as of 10:00 AM EST. Click here to see live data.

We had a tiny bit of hope yesterday: maybe the weekend flush was done?.. Maybe Bitcoin's coming back?..

Well, look at the state of the market today 🤡

Bitcoin price chart from BitDegree, 10-14

Source: BitDegree

I meann... this chart kinda looks like a slide? Reminds me of my childhood days. That's fun? Right, guys?

... Guys?

🥲

Anyways, here's what happened: the US-China trade mess blew up again.

On Sunday, a few days after threatening to increase tariffs on China to 100%, Donald Trump posted that, basically, we shouldn't worry and that everything's gonna be fine.

China also leaned into restraint on Sunday - they didn't publicly announce any big new countermeasures.

But that was then, and this is now: China began charging port fees on US-owned or flagged ships entering Chinese ports.

We're back, it's over

Source: @CryptoTea_

And suddenly, every risky asset on the planet, including crypto, started falling.

👉 Bitcoin decreased to $110K, and Ethereum fell to $3.9K;

👉 Nearly $700M in leveraged longs were liquidated overnight;

👉 Bitcoin ETFs had $326.4M in outflows yesterday;

👉 Ethereum ETFs had it even worse - $428.5M in outflows;

👉 Even crypto-related stocks like Coinbase and MicroStrategy lost around 3%.

After all that, you can just feel how tired the market is rn. "Buy the dip" seems to have turned into "touch some grass."

Nothing left to buy the dip with

Source: @naiivememe

That said, under all that, the market might actually be in better shape than it looks 👀

👉 Over the past few days, a lot of the excess risk has been flushed out - all those overleveraged long positions that made the market fragile are mostly gone now;

👉 Open interest is lighter, meaning there are fewer big, unstable bets sitting out there;

👉 Funding rates are back to neutral, which tells you traders aren't paying crazy premiums to stay long anymore.

In short, the market's not as overheated or unbalanced as it was a week ago. That's why, if the US-China tension eases, there's room for a bounce.

No one wants to call a bottom yet. Crypto has this habit - it always looks worst right before it stops getting worse.

We'll see.

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🥝 Memecoin harvest

Degens eating good again 👨‍🍳

Data as of 09:00 AM EST.

Check out these memecoins and plenty more here.

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👍 FCA approves tokenized investment funds

There's this coffee shop in my town that I'm obsessed with. Like, to the point where I'm scared to count how much I spend there every month.

The good thing: they have those loyalty cards where every 8th coffee is free.

The bad thing: I have roughly three billion of those cards lying around my house, each with max two stamps. I've never once cashed in that free coffee.

The good thing, part two: the barista told me a few days ago that they're switching to an app 🥹 No more paper cards stuffed in every pocket of every jacket I own.

It's faster, smarter, and honestly, why wasn't it always this way?..

Now, swap coffee for investments, and that’s basically what's happening in the UK right now.

The Financial Conduct Authority, aka the FCA, aka Britain's financial rule-maker, approved something called tokenized investment funds.

The FCA's tweet about tokenized investment funds

Source: @TheFCA

That means asset managers - those who run your 401(k)-style funds - can now use blockchain technology to create digital versions of those funds.

In plain English: instead of your investments getting lost in a swamp of paperwork, clearing houses, and banking delays, you'd own a token - digital proof of ownership that lives on a blockchain. All transparent, traceable, and instant.

Basically, if TradFi is like sending a check in the mail, tokenisation is Ogvio. It doesn’t reinvent what money is - it just makes it work like the rest of your digital life.

Jarvis, tokenize my entire existence

👉 For everyday people, that could mean lower fees and easier access.

Right now, investing in big funds usually requires a broker, a minimum balance, and a ton of patience.

But tokenized funds can be fractional - you can buy a small portion instead of the whole thing.

That opens the door for younger investors, smaller investors, and basically anyone who's been left out of "real" finance.

👉 For the crypto industry, this is one of those "we told you so" moments.

The ideas that started in crypto, like tokenisation, transparency, and instant settlement, are crossing over into mainstream finance.

And when the FCA, one of the most conservative regulators on the planet, gives the nod to tokenized funds, it proves that blockchain truly isn't a tech nerd thing anymore.

Which matters long-term. It means more trust, more adoption, and probably more money flowing into the ecosystem.

So yeah, the UK just gave finance its own version of the coffee shop app moment: smoother, faster, and finally running on the tech we've been shouting about for years.

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🍋 News drops you can't miss

💸 Sending money online and not sure what's actually safe? We've rounded up the smartest (and least sketchy) ways to move your money.

🕵️‍♂️ Blockchain researcher Eye says that Garrett Jin, who used to run BitForex, might be the Hyperliquid whale who holds 100K+ BTC. Eye found the connection between the trader's wallet and Jin's X account.

📉 Ethena Labs founder Guy Young said USDe's price drop on Binance wasn't because anything was wrong with the token or its reserves. He said it came down to how Binance handled price data when the market was tanking.

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🍌 Juicy memes

Meme about how the market acts when I sell vs. buy vs. hold

Source: @CryptoTea_

Meme about my anger levels normally vs. when the coins don't go up

Source: @dubzyxbt

Meme about my kidnappers returning me after I talked about memecoins

Source: @naiivememe

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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