The Sandbox priceSAND

Here’s a roundup of today’s crypto market updates as of October 12, 2025: 🔍 Key Developments & Trends 1. Massive Liquidations Triggered by U.S.–China Tariff Escalation The crypto market saw one of its largest liquidation events ever — over $19 billion in leveraged positions were wiped out after U.S. President Trump announced a 100% tariff on critical software and Chinese tech imports. Bitcoin suffered heavily, with ~$5.34 billion in liquidation, while Ethereum faced ~$4.39 billion in liquidated positions. As a result, Bitcoin prices dropped from above $125,000 to under $113,000 in a short span, fueling panic and volatility. 2. Market Correction & Potential Altcoin Rotation Analysts see the drawdown as a possible healthy reset rather than a catastrophic crash. With Bitcoin under pressure, capital may flow into altcoins, which could rally if a rotation materializes. Whales are already making moves — reports suggest wallets are accumulating tokens like WLFI, PEPE, SAND amid weak momentum in major cryptos. 3. Institutional Moves & Traditional Finance Bridging to Crypto Intercontinental Exchange (ICE), constructor of the NYSE, announced plans to invest up to $2 billion in the prediction-market platform Polymarket. Meanwhile, S&P Dow Jones Indices launched the S&P Digital Markets 50, a new index combining 15 cryptocurrencies with 35 crypto/blockchain-related stocks. These efforts indicate growing institutional appetite to bridge traditional and digital finance via tokenization and new financial products. 4. Stablecoins and Emerging Markets Inflows A report from Standard Chartered estimates that stablecoins (mostly USD-backed) might siphon up to $1 trillion from emerging market banks over the next 3 years, as people in volatile economies turn to stable digital assets. Tether (USDT) is also preparing a U.S.-compliant stablecoin named USAT to align with regulatory frameworks like the recently passed GENIUS Act. ⚠ Risks & What to Watch Geopolitical Risk: The trade war escalations are directly impacting global

🗓 Major Upcoming Events in October: #SOL, #CYPR, #MF, #WLFI, #PTB, #SAND, #FLK, #TRUST, #MMT, #BLUAI, #MET, #SEA and #ETH.

Here’s a roundup of today’s crypto news & market update (October 1, 2025): 📰 Key Headlines & Trends Bitcoin, Ethereum slip amid U.S. political uncertainty Crypto markets are under pressure as concerns mount over a possible U.S. government shutdown. Bitcoin is down ~1%, and Ethereum ~2.8%, along with declines in Solana, XRP, and others. New SEC rules open the door for more crypto ETFs The SEC has streamlined the process for approving commodity-based crypto ETFs, cutting approval times and eliminating certain regulatory hurdles. The first multi-asset crypto ETF (including Bitcoin, Ethereum, XRP, Solana, Cardano) has already been approved under the new framework. Euro-denominated stablecoin by European banks A consortium of nine major European banks (ING, UniCredit, DekaBank, etc.) is forming a company to launch a euro-backed stablecoin, with plans to roll it out in the second half of 2026. Tether to introduce a U.S. stablecoin (USAT) Tether, issuer of USDT, plans to launch USAT, a stablecoin compliant with U.S. regulation (GENIUS Act), to serve U.S. users with greater regulatory clarity. New blockchain “SANDChain” debuts A new creator-focused blockchain, SANDChain, is launching today. It is tied to The Sandbox ecosystem and uses ZKsync tech. The native token SAND will be gas token and governance for the network. Technical and market sentiment notes Bitcoin is holding around USD 114,000 with key resistance levels at ~$114,750 and ~$115,500. Derivatives markets show traders are hedging — puts are more expensive (protective) while calls remain in demand, indicating cautious optimism. The looming U.S. government shutdown is seen as increasing crypto volatility, with some investors viewing crypto as a hedge amid political risk. If you like, I can also send you detailed updates on specific coins (e.g. Solana, ADA, XRP) or sector trends (DeFi, NFTs, Layer-2). Do you want me to dig deeper into a particular corner of crypto?

#The Sandbox Launches SANDchain, Focusing on Creator Economy On-chain Infrastructure