Markets were mostly focused on a mix of repaired liquidity, fresh policy pressure, and ongoing institutional adoption. Bitcoin and ether books have rebuilt since the 10/10 flash crash, but altcoins remain weaker, and several jurisdictions are advancing new rules or enforcement actions. At the same time, crypto-linked firms and products continued to draw capital and regulatory attention.
Liquidity rebuilds, but altcoins remain fragile
A year after the 10/10 flash crash, Bitcoin and ether order-book depth has improved, but altcoin liquidity continues to erode and spot trading is still below its October 2025 peak. Separate reporting says the 2025 selloff exposed the scale of leveraged losses, even if traders now have better tools to monitor risk. Another market update said Bitcoin had bounced after a rough week, but traders were still positioning for more downside.
France advances crypto taxes, then stalls the budget
French lawmakers in committee backed amendments that would tax stablecoin swaps and impose an exit tax on wealthy crypto holders. The same committee then rejected the revenue section of the 2027 budget, leaving the broader fiscal plan unresolved.
Sources: Decrypt
Institutional capital keeps flowing into Bitcoin-linked businesses
Meanwhile, the Sam Altman-backed Bitcoin life insurer raised $37.5 million from existing backers led by Bain Capital Crypto after reporting a record year, according to one report. A separate item said the company’s Bitcoin life insurance business has seen stronger demand from wealthy clients in Asia, Europe and the Middle East.
Sources: Decrypt, Cointelegraph
Regulators and governments widen enforcement
The US Treasury said it plans to seize about $1 billion in crypto tied to Iran sanctions, while the UK added crypto exchanges and payment processors to a new Russia sanctions package. Thailand also opened the door to locally listed Bitcoin and ether ETFs under rules taking effect Oct. 16.
Sources: Cointelegraph, Decrypt, Cointelegraph, CoinDesk
More infrastructure and market-structure moves
Blockchain.com filed for licenses that would allow it to operate regulated prediction markets and crypto derivatives in the US instead of relying on overseas partners. Meanwhile, Ledger said it is investigating losses tied to a Southeast Asian reseller after reports of suspected thefts affecting user funds.
Sources: Decrypt, Cointelegraph, Decrypt, CoinDesk