Official money went on-chain for real this week: the OCC finalised its GENIUS Act rule, HSBC's RedCoin became the first licensed retail HKD stablecoin live on PayMe.

Global Payments Weekly 2026W42: Visa Direct's USDC prefunding and Mastercard's BVNK-powered Global Money Platform went commercial in the same week,

ESMA gave EU-licensed firms three months to wind down USDT and other non-MiCA stablecoins, and Coinbase set 30 October as the EEA withdrawal deadline.

The US Senate's CLARITY Act failed 49–50, and within 48 hours regulators took over: the SEC issued an "innovation exemption" for tokenized stocks.

Bank-issued "tokenized dollars" went from rumour to delivery this week: 21 global institutions, including 17 G-SIBs, agreed to launch a joint stablecoin company

A week of sharp contrasts in payments: the Stripe/Advent consortium walked away from its $53B PayPal takeover — fintech's largest-ever buyout attempt

AI and stablecoins set the pace — Stripe agreed to buy OpenRouter for $7B+, Visa opened an RFP for a stablecoin settlement partner, and the US Treasury's GENIUS Act rules went out for comment. Klarna'

跌破关键支撑后连环探底；市场进入极度恐慌区间

当前反弹驱动主要来自空头回补与情绪修复，风险偏好边际改善但机构增量资金仍未明显介入。

11月1日至11月7日期间，比特币整体走势呈现 比特币整体运行节奏表现为 “横盘震荡 → 波动急速下探→ 低位反弹修复”。价格主要运行区间在 $111,000— $101,000, 期间跌幅明显, 11月5日盘中一度跌破 $100,000 心理关口，创下近月新低。受宏观流动性收紧与大规模杠杆清算影响，市场情绪明显转向谨慎，短期内呈现低位震荡与弱势修复态势。

10月25日至10月31日期间，比特币整体呈现 “先横盘蓄势 → 强势突破 → 空头清算加速拉升 → 利好兑现回落 → 宽幅震荡” 的市场节奏。

本周，比特币在经历低位横盘后逐步修复，并在关键宏观数据公布前迎来阶段性调整。

短期内震荡格局预计延续，短线交易仍需警惕突发反转风险。

本周，比特币宽幅震荡，受宏观消息影响，整体呈现“横盘整理—回撤—强势反弹并高位整固”三阶段行情。7月1日至2日，受交易者在美国关键经济数据公布前进行风险规避影响，市场震荡下行。投资者关注7月3日将公布的首次申请失业救济人数，期待宏观面释放更多明确信号。与此同时，本周比特币矿业整体运行稳定，大型矿企在能效控制与资源整合方面展现出显著的竞争优势。

长期持有者未见抛售，筹码高度集中。

本周比特币价格呈现“冲高受阻、震荡回落”的走势，目前整体维持在窄幅震荡区间内，短期方向仍需成交量与宏观情绪进一步配合确认，技术面信号偏向温和看涨。与此同时，挖矿成本持续攀升，2025 年第二季度平均挖矿成本较第一季度上升约 9.4%，反映出算力扩张与能源价格上行对矿工盈利能力构成持续压力。