Good morning everyone — it’s your Daily Crypto News. My name is Matt. Tomorrow and Friday you’ll have Crypto “Keylay” on the mic — and quick spelling PSA: it’s Quíle (Q-U-I-L-E).
Coinbase invests in India’s biggest exchange, CoinDCX
Coinbase is taking a strategic stake in CoinDCX, valuing it at $2.45B. This plants a Coinbase flag across India + the Middle East — a corridor with a massive user base + Gulf capital. CoinDCX cites a compliance-firstapproach; Armstrong points to 100M+ crypto users. CoinDCX’s latest public stats: $141M ARR, $165B trading volume, $1.2B AUC.
My Take:
Smart land-grab. If Coinbase can export its “we ❤️ regulators” playbook without exporting the customer-support memes, India gets on-ramps that scale and Coinbase gets growth that isn’t U.S.-headline dependent.
TD “Cohen” says on-chain assets to $100T by 2030
A fresh bank note after the Blockworks DAS London says tokenization is going from pilot to production. Think treasuries, MMFs, real estate — on-chain for cost, speed, programmability. They cite standard convergence (JPM, BoA, Euroclear, Tradeweb), ETH staking as a yield engine, the UK appointing a “digital markets champion,”and U.S./EU banks coordinating on stablecoin settlement. State Street survey: over half of big allocators see 10–24% of portfolios tokenized by 2030.
My Take:
$100T is a moon number, but the path is obvious: custody → rails → issuance. If the pipes exist and compliance is pre-baked, assets follow. The question isn’t “if tokenization,” it’s “whose chain, whose standard, whose fees.”
AoTing (OWLS) to list on Nasdaq Global Market Oct 16
What’s new: Taiwan-based AoTing (payments + hospitality pivoted to AoPay) will trade as OWLS. They chose Nasdaq for tighter governance/liquidity and want the “regulated, institutional-grade partner” badge in stablecoin infrastructure. 2024 numbers: $7.6M revenue (+18% YoY), $218M GPV (+62% YoY). Hospitality arm OwlNest: 2,500+ clients, 108% NDR. McKinsey sees $2T stablecoins in circulation by 2028 (frankly feels conservative).
My Take:
Small today, but the direction is loud: payments infra + hospitality SaaS + stablecoin rails = sticky enterprise flow. If OWLS proves product-market-regulation fit on Nasdaq, more Asia crypto infra names will follow.
Crypto IQ: $20K USDC quiz challenge
What’s new: Fun one from The Block — a timed Crypto IQ quiz with a $20K USDC prize pool and global leaderboard. Link’s in the show notes.
My Take:
Do it cold if you want to test yourself. Yes, you could try to “AI” it — the timer will tattle anyway. Bragging rights > prize pool.
🎓 The Block Campus – Crypto IQ Login
Comment bag — keep it spicy, keep it fair
XXXMen: congrats to Quíle and his wife. (We’re all very sad he’s “out of the market.”)
Eric: “It’s a free show, chaos happens, thanks for not being AI.” Appreciate you. This is a passion project; ad revenue pretty much goes to pay real human writers. Got a legit idea? Pitch me; we’ll pay something fair for a non-AI piece.
Ton(s):
On accents = “high key racist”: accents exist; intent matters. No malice here.
On the tariff-tweet short: we don’t know the whale, correct — but two things must be true for that $192M W inside a 30-minute window: (1) foreknowledge of market-moving comms, (2) access to tens of millions in capital + leverage. If that wasn’t admin-adjacent, then platform scheduling/ops visibility is an even bigger security story. Occam’s razor says “admin orbit.” If you’ve got a cleaner scenario, I’m listening.
Corporate Bitcoin stacks hit an ATH
What’s new: 172 public companies now hold BTC (up ~40% in 3 months), totaling >1.02M BTC and $117B in value. That’s a 20.7% QoQ jump in corporate accumulation.
My Take:
Balance-sheet Bitcoin is turning into a competitive signaling game. First it was “MicroStrategy cosplay,” now it’s CFOs hedging treasury debasement with a benchmarkable, audit-able asset.
Synthetix (SNX) pops on perps DEX launch buzz
What’s new: SNX is up ~190% over the month, even after a 19% pullback from $2.47 to about $1.98. Hype = first perpetuals DEX on Ethereum mainnet (Q4’25).
My Take:
If they ship deep, cheap, and composable perps on L1/L2 with real liquidity, SNX finally graduates from “OG DeFi” to “Derivatives flow machine.” Watch the launch metrics, not the tweets.
Prices
8:43 a.m. ET
Fear & Greed: 37 (Fear)
RSI: 45 (edging toward oversold)
Bitcoin: $111,674 (+0.5%)
Ethereum: $4,085 (+3.5%)
BNB: $1,181 (+1.8%)
XRP: $2.49 (+2.7%)
Solana: $202 (+5.2%)
Dogecoin: $0.200 (+2.3%)
Tron: $0.317 (+2.0%)
Cardano: $0.680 (+2.5%)
Hyperliquid: $39.59 (+4.6%)
Big movers:
Zcash (ZEC): $262 (+15%)
Astar (ASTR): $1.46 (+10.7%)
Litecoin (LTC): $96.92 (Charlie… why.)
Total Market Cap: $3.80T (+1.3%)
BTC share: $2.20T
ETH share: $493.4B
That’s the show. Quíle is up tomorrow and Friday while I’m wedding-bound. Be nice to him. Or don’t — he likes the chaos.
Happy HODLing, everyone.
References & Affiliates
🌍 Coinbase and CoinDCX Expand Across South Asia and the Middle East
💹 TD Cowen Predicts On-Chain Capital to Surpass $100 Trillion in Five Years
📈 Synthetix Price Surges 190% in a Month—Here’s Why
🇹🇼 Taiwanese Stablecoin Infrastructure Firm OwlTing Pursues Nasdaq Listing
🏦 Corporate Bitcoin Holdings Grow as Firms Double Down on Crypto Treasuries
🎓 The Block Campus – Crypto IQ Login
Self-Custody Crypto Roth IRA:
athenic.xyz
Use Code DCN for $30 off: DCN
Where to Find DCN:
🌐 DailyCryptoNews.net
🐦 twitter.com/DCNDailyCrypto
📈 Trader Cobb on X
🌿 The Grow Me Co
Disclaimer
This content is not financial, legal, or tax advice. It reflects personal opinions for educational and entertainment purposes only.
I am not a financial advisor or expert, and I do not guarantee any specific outcome.
Always do your own research before making any investment or financial decisions.
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