Odaily Report: A Fox Business crypto reporter posted on X that the American Bankers Association (ABA) has expressed dissatisfaction with the U.S. Office of the Comptroller of the Currency (OCC)'s final rule on the GENIUS Act, saying the rule "maintains the status quo for crypto platforms." Previously, the OCC removed proposed restrictions on stablecoin yields. ABA CEO @BankersPrez said, "Trying to respond after deposit flight and economic damage have already occurred is the wrong approach."
Odaily reports: According to White House officials, U.S. President Trump plans to highlight his administration's efforts to combat scams carried out by overseas criminal organizations using cryptocurrency at a cybercrime event held at the White House. Transnational criminal syndicates are said to have stolen funds from American citizens through romance scams, phishing, ransomware attacks, and other means. U.S. law enforcement agencies have frozen approximately $833 million in crypto assets linked to overseas fraud and, under a Department of Homeland Security task force operation, seized 503 fraudulent cryptocurrency websites, while notifying nearly 9,000 U.S. citizens that they were being targeted by scams. As the U.S. congressional midterm elections approach, Trump and his administration's ties to the crypto industry are also drawing scrutiny over conflict-of-interest allegations. (CoinDesk)
Odaily reports: Musk stated on SpaceX's Q3 earnings call that both the SpaceX and Tesla boards have established independent special committees of directors to evaluate the possibility of a merger between the two companies.
According to Tesla's latest quarterly filings and the S-1 filing submitted by SpaceX ahead of its IPO, the two companies hold 11,509 and 18,712 bitcoins respectively, totaling 30,221 bitcoins. At a bitcoin price of approximately $83,000, this is worth about $2.5 billion. The combined cost basis of the two companies' bitcoin holdings is approximately $1 billion, with an average purchase price of about $35,000 per coin. If the merger is completed, these bitcoins would be consolidated onto a single company's balance sheet, placing the combined entity among the publicly traded companies holding the most bitcoin globally. However, neither company has disclosed plans to increase or sell its bitcoin holdings, and the merger remains in the preliminary evaluation stage. (Decrypt)
Odaily reports that Bitcoin News posted on X that the St. Louis Fed Economic Research website is currently displaying a maintenance notice. The site hosts the widely used FRED economic database. The website outage comes amid reports of a severe PHP security vulnerability, but the Federal Reserve has not yet confirmed whether the two are related.
Odaily: Bonk Guy posted on X stating that Bitcoin has risen about 3% since yesterday, while ZEC, which focuses on privacy features, has surged 16% over the same period, adding over $3 billion in market capitalization, as the privacy sector becomes a market focal point. He noted that MASK currently has a market capitalization of only about $26 million, yet it is the highest-revenue privacy coin protocol, with protocol trading volume and fees continuing to hit all-time highs, and its Solana version expected to launch within days, which is poised to further boost usage, trading volume, and fee revenue. According to DeFiLlama data, MASK's revenue exceeds the combined revenue of the next 10 privacy protocols. Bonk Guy believes that MASK combines a real product, genuine user demand, growing adoption, and potential catalysts, and remains severely undervalued by the market.
According to Odaily, predict.fun posted on X that MatchWeekend is now live. This weekend, participants can choose from 42 football matches and must lock in 5 tickets before 11:30 UTC on Saturday. The total prize pool is $10,000.
Odaily: Bitcoin returned to $84,000 on October 21, with an intraday high approaching $84,739. Coinglass data shows that crypto market liquidations totaled $243.04 million over the past 24 hours, of which short liquidations accounted for $188.14 million, or 77.4%, involving 71,223 traders.
Among these, Bitcoin-related liquidations amounted to $78.42 million, with nearly 94% coming from shorts; Ethereum accounted for $47.99 million, and Zcash about $14.8 million. The largest single liquidation was a $8.74 million Ethereum short on Binance, which accounted for about 44% of all liquidations.
Bitcoin's price had previously fallen back to the $82,000 to $82,600 range, before rising about 1.5% to 2.7% over 24 hours. As of October 21, the $84,000 to $85,000 range continues to face selling pressure, and the price has not yet clearly broken out of October's trading range. (Bitcoin.com News)
Odaily: Bitcoin Treasuries posted on X that $31 billion prime broker Clear Street has reiterated its Buy rating on Bitcoin treasury company Strategy and raised its price target to $211. Clear Street stated that after strengthening its financial position for most of the third quarter, Strategy is now better positioned to resume preferred stock issuance and restore per-share Bitcoin holdings growth.
According to MSX.COM data, US stocks fluctuated upward, with the Dow Jones Industrial Average up 0.22%, the S&P 500 Index up 0.43%, and the Nasdaq Composite Index up 1.00%. Nvidia shares rose 1.71%, Apple shares rose 1.56%, SpaceX shares rose 9.97%, and Tesla shares rose 3.49%. Meta shares rose 2.49%, Palantir shares rose 3.52%, and Dell Technologies-C shares rose 4.41%.
Odaily reports that according to Arbitrum monitoring, stablecoin inflows on Mayan are performing well. Mayan has previously transferred over $2.5 billion in assets to Arbitrum, including more than $2.3 billion in stablecoins; half of this came from transfers worth $100,000 or more.
According to MSX.COM data, CYPH rose 17.8% in 24 hours and 8.1% in 1 hour, currently trading at 3.295 USDT.
Odaily reports: Bessent posted on X that the GENIUS Act is a watershed moment for the U.S. financial sector, further cementing the United States' position as the global crypto hub. He noted that just as President Lincoln's National Currency Act of 1863 established a national framework for banks issuing currency, the GENIUS Act establishes a federal framework for payment stablecoins in the digital age. Bessent stated that the Office of the Comptroller of the Currency (OCC)'s final rule advances the implementation of the Act, providing a clear and pragmatic foundation for private-sector innovation, competition, and U.S. leadership in digital assets.
Odaily reports: Bitfinex stated that despite repeated downward pressure, Bitcoin has continued to hold the lower end of its range, and BTC is expected to remain range-bound between $81,300 and $84,400 ahead of the Federal Reserve's FOMC interest rate decision on October 28. If the price tests the upper boundary of the range, short-term traders taking profits could introduce some selling pressure.
On the market data front, spot Bitcoin ETFs saw net inflows of $526.7 million on October 19, indicating somewhat stronger spot demand, but BTC price is still fluctuating narrowly between $81,724 and $83,470 and remains below the average cost basis of ETF investors at $84,333. Meanwhile, futures open interest on major exchanges has rebounded 4.2% from its October 12 low to 645,410 BTC, and funding rates are normalizing, suggesting leveraged long positions have recovered somewhat.
In the options market, notional open interest for options expiring on October 23 stands at $1.23 billion, with the max pain point at approximately $82,000; monthly options expiring on October 30 total $11.2 billion, with a max pain point of $76,000. On-chain data shows that the $82,224 cost basis range added approximately 145,000 BTC, while the $80,353 cost basis range shed about 62,000 BTC, indicating some holdings are migrating toward higher cost basis ranges. The short-term holder SOPR is approximately 1.003, and the share of profitable supply is around 70%.
Odaily News: Kalshi and BitGo have reached a new arrangement allowing certain customers to borrow against their custodied crypto assets and use the loan proceeds as margin for leveraged perpetual futures trading on the Kalshi exchange. The arrangement is aimed at clients of Kalshi Prime, Kalshi's US-registered futures commission merchant, and adopts a tripartite collateral management structure; loans are provided by its affiliated lending company Kalshi Katalyst, with collateral assets held at BitGo Bank & Trust. Eligible collateral assets include Bitcoin, Ethereum, and stablecoins deemed compliant with the GENIUS Act, with additional custodians expected to be onboarded in the future. Kalshi Prime CEO Jeff Bandman said the arrangement allows customers to participate in trading without having to exit their crypto asset positions.
Odaily reports: Lookonchain posted on X platform that on October 21, Bitcoin ETFs recorded a single-day net outflow of 403 BTC, approximately $33.88 million; over the past 7 days, there was a net inflow of 2,528 BTC, approximately $212 million. Ethereum ETFs recorded a single-day net outflow of 12,700 ETH, approximately $31.42 million; over the past 7 days, there was a net outflow of 155,100 ETH, approximately $384 million.
