Bitget Daily Morning Brief (October 22) | Japan’s Financial Services Agency Explores Allowing Banks to Hold and Trade Cryptocurrencies; Tether’s USDT Users Surpass 500 Million

Bitget2025/10/22 02:53

By:Bitget

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Today’s Outlook

Events

1、The London Blockchain Conference will be held from October 22 to 23, 2025, focusing on the latest trends and applications in blockchain, Web3, and AI.

2、The Zebu Live 2025 Web3 Summit in the UK will continue on October 22, 2025, exploring cutting-edge crypto innovations and Web3 growth strategies.

3、The Blockchain Africa Conference will take place on October 22, 2025, in Johannesburg, highlighting the latest blockchain innovations and industry developments.

Macro & Hot Topics

1、As of February 2025, the number of cryptocurrency accounts in Japan has exceeded 12 million, a 3.5x increase in five years, showing rapid adoption of digital assets.

2、Japan’s Financial Services Agency (FSA) is studying the possibility of allowing domestic banks to hold and trade Bitcoin and other cryptocurrencies, while assessing risk management and registration qualifications for crypto service providers.

3、BitcoinOS (BOS), a Bitcoin rollup protocol, has raised $10 million to expand Bitcoin-based financial tools; Ark Labs launched its native Layer2 solution, Arkade, for public testing.

Market Trends

1、BTC and ETH are experiencing short-term consolidation with cautious market sentiment; $86.51 million in liquidations occurred in the past 4 hours, mainly long positions.

2、U.S. stocks closed mixed — the Dow Jones edged higher, Nasdaq slightly declined, and the S&P 500 was nearly flat, reflecting cautious investor sentiment.

Bitget Daily Morning Brief (October 22) | Japan’s Financial Services Agency Explores Allowing Banks to Hold and Trade Cryptocurrencies; Tether’s USDT Users Surpass 500 Million image 0

3、Bitget BTC/USDT liquidation map shows current price at 108,270 USDT; liquidation clusters are concentrated between 107,789–109,005 USDT, suggesting possible short-term volatility spikes.

4、In the past 24 hours, BTC spot inflows totaled $349 million, outflows reached $335 million, resulting in a net inflow of $14 million.

5、Among contracts, BTC, ETH, USDT, BNB, and XRP led in net outflows, indicating potential short-term trading opportunities.

News Updates

1、The U.S. Federal Reserve has proposed launching a “streamlined master account” to provide fintech firms and stablecoin issuers with direct payment access.

2、British Columbia, Canada, has announced a permanent ban on new crypto mining projects connecting to the power grid.

3、Crypto and fintech associations have jointly urged the U.S. Consumer Financial Protection Bureau (CFPB) to defend open banking rules.

4、Citigroup initiated coverage on MicroStrategy (MSTR) with a “Buy” rating, citing optimism about Bitcoin’s long-term potential.

Project Developments

1、Tether announced that the number of USDT users surpassed 500 million, with total supply approaching $182 billion.

2、BitcoinOS raised $10 million to enhance institutional-level BTCFi features.

3、The Ethereum Foundation transferred 160,000 ETH (worth $654 million) between internal wallets.

4、Solana announced it will end software and security update support for its Saga phones, two years after launch.

5、Ark Labs officially released the Arkade public beta, a Bitcoin Layer2 solution built on the Ark Protocol.

6、Japan’s FSA is exploring allowing banks to register as crypto asset service providers, advancing regulatory compliance.

7、BitcoinOS will use new funding to expand developer protocols and high-frequency use cases, including DeFi, NFTs, gaming, and payments.

8、The Arkade Layer2 focuses on virtualizing transaction processes without altering Bitcoin consensus.

9、UK regulators plan to tighten compliance reviews for fintech companies offering crypto services.

10、Tether continues to optimize global compliance and issuance processes for USDT, further expanding market share.

Disclaimer: This report was generated by AI and human-verified for accuracy. It is not intended as investment advice

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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