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1Bitget Daily Digest（October 13）｜Portal to Bitcoin mainnet launch and $50M funding; BTC and ETH rebound in short term, over $8.5B liquidated in 24 hours; 2XRP Targets $5.25 After Holding Strong Near the $1.5 Assembly Zone3Clues of the "End of the Bull Market": The "Bull's Tail" Is the Fattest and Everyone Is Bullish
Bitcoin Spot ETF Volume Hits $1B in 10 Minutes
Spot Bitcoin ETFs cross $1B in trading volume within 10 minutes of today’s market open, signaling intense institutional demand.Massive Early Surge in ETF TradingInstitutional Appetite for BitcoinWhat This Means for Bitcoin’s Price
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Ripple Takes a New Step to Improve the XRP Network
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Flash
- 22:45Ethereum stablecoin activity hits record high, with weekly unique sending addresses surpassing 1 millionJinse Finance reported that in 2025, the average number of unique weekly sending addresses for stablecoins on Ethereum reached 720,000, and for the past two weeks, it has surpassed 1 million for the first time. Over the past year, this figure has grown exponentially, with an average weekly increase of more than 1.7% since August 2024. Analysis indicates that the growth is mainly driven by the increased adoption rate of stablecoins; in addition, perpetual contracts, prediction markets, and most Real World Asset (RWA) tokenization projects all use stablecoins for fund settlement, with each new application generating a large number of new addresses. As a primary settlement layer, Ethereum captures inflows, rebalancing, and payment flows, thereby driving an increase in active addresses.
- 22:28Canaan's Bitcoin pilot project uses abandoned natural gas power generation to drive high-performance computingJinse Finance reported that Canaan (NASDAQ: CAN) saw its stock price surge by 40% on Monday. The company’s pilot project in Calgary, Alberta, Canada, converts stranded natural gas into electricity for high-performance computing, including bitcoin mining and AI workloads. The project is co-developed with local partner Aurora AZ Energy. The pilot demonstrates how otherwise wasted resources can be transformed into productive energy for next-generation distributed AI infrastructure. Industry trends show that bitcoin mining farms are being repurposed as computing power centers to support AI and data centers. One exchange also plans to convert the Helios mining farm in Texas into a large-scale AI data center.
- 22:17Analyst: U.S. Crypto Market Structure Legislation May Have to Wait Until After the Midterm ElectionsJinse Finance reported that TD Cowen analysts stated that progress on crypto market structure legislation in the U.S. Senate may have to wait until after the midterm elections. There are disagreements between Republicans and Democrats on how to regulate the crypto industry, and negotiations have not been smooth. Republicans have proposed dividing jurisdiction over crypto assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), and defining “ancillary assets” to clarify non-securities cryptocurrencies; Democrats, on the other hand, have proposed measures to prevent illegal activities in decentralized finance, but these have been questioned by Republicans and the industry. TD Cowen pointed out that although procedural differences will not prevent an agreement from being reached, senators are not in a hurry to move forward, and legislation is expected to be delayed. Some Democrats have also called for a ban on senior officials and their families holding crypto company assets, which further increases the difficulty of passing legislation.