Asset Tokenization, Bitcoin Access Lead Oct. 8 Crypto Roundup

Tom Lee said past crypto bull markets relied on NFTs and stablecoins, while the current cycle is focused on asset tokenization, in a market roundup dated Oct. 9.

Strive’s chief executive said the company is working to move Bitcoin (BTC) into traditional financial markets and provide BTC exposure to institutions facing authorization-related restrictions. The effort would expand institutional access to Bitcoin.

South Korea’s deputy prime minister said the government is carefully evaluating a possible reconsideration of virtual-asset taxation planned for 2027 and is gathering views on the policy.

Polymarket has begun charging fees on geopolitical event contracts. Catalyst, an artificial-intelligence trading-agent platform, completed a $30 million seed round led by Sequoia Capital.

Market stress also featured prominently. An analyst said panic among Bitcoin short-term holders was increasing, with loss-making selling pressure reaching its highest level in nearly four months.

Trader Killa said he would consider rebuilding a 10-times leveraged long position if Bitcoin fell to between $80,000 and $82,000. Bonk Guy said he lost about $100,000 trading new tokens and reflected on overtrading and following other people’s judgments.

Donald Trump bought up to $25 million in Meta stock and said the White House would regard people who do not use the new term “superintelligence” as enemies.

An AllianceDAO co-founder said that even if a small number of laboratories could break cryptography, they would be unlikely to expose that capability to steal a small amount of cryptocurrency. The developments were included in the roundup as of 9:30 p.m. ET Oct. 8 (01:30 UTC Oct. 9).