OVERVIEW

Feels Like Dental Work Without Anesthesia 🦷

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total market and altcoin market cap charts:

ON-CHAIN ANALYSIS
Green Is Not Good 😐️

Here’s a picture of a green crypto market:

That sea of green above isn’t a victory lap - it’s the blockchain equivalent of your portfolio sending you a “we need to talk” text at 3 a.m. ⏱️ 

BTC alone saw $248.65M worth of liquidation-swirl. ETH followed with $206.30M, leaving traders looking like they got personally rugged by the universe.

SOL, XRP, DOGE, ZEC - all happily painted green because when the market vaporizes leveraged longs, the candles jump up like nothing ever happened. That’s crypto. 🤦 

NEWS
Cash App Leans Hard Into Crypto With Its Biggest Upgrade Yet

Cash App finally stopped pretending to be “just a money app” and pushed a slate of updates that shove crypto, Lightning, stablecoins, and AI straight into the mainstream. 🤯 

Eleven new features, 150+ improvements, (no way I can go into all of them) and enough signal here to make the traditional banks suddenly remember what innovation feels like.

This release hits the places that actually matter for readers of this newsletter: $BTC.X ( ▼ 1.75% ) payments, Lightning support with USD fallback, stablecoin transfers, merchant mapping, and an AI assistant that goes way beyond the usual corporate chatbot cosplay.

Bitcoin Gets Treated Like Spendable Money

Cash App is done with the museum-storage approach to BTC. Users can now:

• Pay Lightning invoices instantly

• Or choose to pay them in USD without touching BTC

• See local merchants that accept Bitcoin on an interactive map

• Spend BTC directly, instantly, and basically friction-free

It’s the closest thing America has to a BTC-native payments network at scale. And Cash App knows it.

Stablecoins also enter the field: Soon, users can send and receive stables inside the app, turning Cash App into a hybrid fiat-crypto transfer hub.

What makes this such a big deal is we’re not looking at some wonky crypto payments app pasted on top of a known fiat-payment rail - it’s a well known and used fiat-payment rail introducing crypto for easy use.

That’s how we get non-crypto people into crypto - without them even knowing it. 🫢 

NEWS
Cardano Finally Gets a Real Payments Card 💳️ 

$ADA.X ( ▼ 5.0% ) just pulled off its biggest mainstream leap yet. 🦘 

EMURGO and Wirex announced the first-ever Cardano Card at Cardano Summit 2025, instantly dropping ADA into the laps of Wirex’s six-million-user network across 130 countries.

No teaser campaign. No “coming soon” hopium. Just a straight-up integration that puts ADA inside the Wirex app for anyone to start using.

The card launches in physical, metal, and virtual formats. Summit attendees get first dibs, lucky bastards.

The real play here is utility. The Cardano Card can earn up to 8% crypto cashback, unlock structured trading products, use X-Accounts for yield, and even tap ADA-backed loans.

And in 2026, phase two hits: a non-custodial Cardano Card, meaning the same features - yield, loans, spending - but with full user control. No middleman custody. No excuses.

The market is ripe for it. Wirex has processed over $20 billion in crypto transactions already, and 2025 data shows more than 31 million crypto wallets used for daily payments. That’s the consumer base waiting for a product exactly like this.

Cardano Card signups are already live and early access is being handed out on-site at the Summit. Card availability varies by region. It’s finally getting spendability at scale. 🧠 

NEWS
From Trusts to Trading: Grayscale IPOs Itself 😎

Grayscale filed to go public under the ticker GRAY (seriously, this tickers wasn’t taken?). 🤔 

They open with the big flex: $35 billion AUM as of Sept 30. But the real story is what sits under that number. Grayscale isn’t just pushing Bitcoin and Ethereum anymore.

Their product universe now spans sectors like AI tokens, identity systems, digital art, web hosting and gaming. They want Wall Street to know they’re not a one-chain wonder.

Their S-1 leans hard into the “digital assets have reached escape velocity” line. Crypto’s total market cap hit about $4 trillion in September, and Bitcoin is up nearly 47,800% over the past decade.

Pair that with the stat that 83% of institutions expect to increase their digital-asset allocations in 2025, and the pitch becomes obvious: money is coming, and Grayscale wants to be the default on-ramp.

Not Just ETFS & Trusts

They hype their pipeline too.

Staking plays a major role - Grayscale already manages one of the world’s largest Ethereum ETP franchises. Their Solana ETP is staked as well. And through their Capital Solutions Platform, they’re seeding products around emerging technologies like AI protocols, while collecting tokens as part of the deal.

But strip away the disclaimers and the S-1 reads like this:

Crypto’s getting bigger, AI tokens are next, staking is real, and Grayscale wants to list its stock before the next wave hits. 👊 

NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️

💵 Sui Drops USDsui, a Native Stablecoin Forged with Stripe-Backed Bridge

Sui is rolling out USDsui, a stablecoin built on Bridge’s Open Issuance rails so developers can plug into a fully compliant, cross-chain financial layer without duct-taping stablecoins together. With $412B in stablecoin volume flowing through Sui in just two months, the network finally gets a native asset built for real-world payments, deep liquidity, and regulatory sanity. Sui.

NEWS IN THREE SENTENCES
Real World Asset Tokenization (RWA) News 🪙

🏢 Centrifuge Whitelabel Lets Institutions Tokenize Basically Anything

If you’ve ever wondered what “tokenization at scale” looks like, it’s this: Centrifuge launched Whitelabel, a modular tokenization platform that lets asset managers spin up compliant vaults without reinventing the plumbing. Daylight is first in line, using it to tokenize energy assets with audited components, NAV automation, investor onboarding, and multichain liquidity baked in. Centrifuge.

NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️

🔥 GalaSwap Launches GMEW/GALA Trading Showdown

GalaSwap kicked off a week-long trading competition built around the GMEW/GALA pair, complete with a live leaderboard and a loot table that reads like someone raided a mystery-box warehouse. Traders climb the ranks by sheer volume, picking up Legendary and Epic Pilgrim Designer Workers along the way. It’s part liquidity bootcamp, part flex-off, and fully designed to juice GalaChain engagement. GalaGames.

NEWS IN THREE SENTENCES
DeFi, DEX, & Lending News 🏦

⚖️ Uniswap v4 Gets Continuous Clearing Auctions For Fairer Token Launches

Liquidity seeding usually happens in smoky backrooms, so Uniswap built Continuous Clearing Auctions to drag price discovery into the sunlight. CCA runs fully onchain, nudges bidders toward fair pricing, and automatically spins up a v4 liquidity pool at the auction’s final clearing price. It’s transparent, permissionless, and finally gives teams a launch tool that doesn’t feel like speed-running a rug. Uniswap.

NEWS IN THREE SENTENCES
Protocol News 🏦

🛡️ EigenZero Brings $5M of Slashable Security to LayerZero Messaging

EigenZero is live with a $5M ZRO stake on the line, turning message verification across Avalanche, BNB Chain, and Ethereum into an economically enforced trust model. If it verifies incorrectly, anyone can file a claim, trigger slashing, and get compensated - a bit of an upgrade from “just trust the quorum.” LayerZero.

LINKS
Links That Don’t Suck 🔗

🤯 Brandt: Bitcoin could test Saylor 'severely'

📉 Justin Sun’s graveyard of abandoned crypto projects

🪙 Last US penny minted shows why savers need Bitcoin

😐️ XRP rises as first U.S. spot XRP ETF launches on the Nasdaq

🎮️ PC gaming giant Valve unveils new console to rival Xbox and PlayStation

🤖 Elon Musk says Tesla robots can prevent future crime

Terms & Conditions 📝

Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital, and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The Content is to be used for informational and entertainment purposes only and the Service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on Content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which Content is published on the Service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍

Author Disclosure: The author of this newsletter holds positions in AVAX, ADA, PUDGY, WLC, IMX, XTZ, NEAR, HBAR, ALGO, INJ, LTC, LINK, ZEC, XLM, and FET. 📋