While the market digested the overnight rise of Bitcoin to $80,692, several landmark events occurred in the industry: from emergency security measures in the Cosmos ecosystem to the first bank distribution of a Hong Kong stablecoin and tokenization of shares of tech giants.
Bitcoin continues its confident recovery. Over the past day, the asset gained 4.65%, moving in the range of $76,750–$81,000. Ether also rose by 2.47%, reaching the level of $2,508. Among the top-25 leaders by market capitalization, Monero (+8.52%), Solana (+8.10%), and Cardano (+3.32%) stood out especially. Among the top-100 assets, Stacks showed the best result, surging by 18.17%, followed by Aerodrome Finance (+16.19%) and Virtuals Protocol (+15.92%). The main laggard was Aave, losing 8.52%.
ETF inflows and liquidations
Institutional interest remains steady. Spot ETFs on Bitcoin attracted $337.56 million in a day, on Ethereum — $115.57 million, on Solana — $33.49 million. This confirms that large players continue to build positions despite volatility.
The market growth led to massive short position liquidations: over the past day, positions worth $646.93 million were liquidated, of which $457.28 million were shorts. The largest liquidation order was $103.54 million on the BTCUSDT pair on Bitget. This is a classic scenario of squeezing out bears during a sharp upward move.
Cosmos Labs raises the alarm
In the Cosmos ecosystem, an active vulnerability has been discovered in the Cosmos EVM module, affecting users. The Cosmos Labs team recommended that validators of related networks halt operations until the issue is resolved. Details of the incident, including the list of affected networks and the volume of potential losses, have not yet been disclosed — a report will be published after the investigation is completed.
Standard Chartered and asset tokenization
Standard Chartered has become the first bank to begin distributing the regulated Hong Kong stablecoin HKDAP from issuer Anchorpoint Financial. The token will be offered to qualified institutional clients. In the fourth quarter, the bank plans to launch subscription and settlement services for tokenized money market funds, and is also exploring scenarios for cross-border payments and treasury management.
In parallel, the Base network launched tokenized shares of Apple and NVIDIA under the B20 standard. Each token is backed by real securities in a 1:1 ratio, held with regulated custodians. Qualified users will be able to hold them in non-custodial wallets and use them in the DeFi ecosystem. Asset management is conducted through regulated broker and custodian Alpaca, opening the way to on-chain trading, lending, and other financial operations.
My view: Tokenization of real assets through Base and Standard Chartered's activity is not just hype, but a signal of the market maturing. Institutions are seeking bridges between TradFi and DeFi, and such steps create the foundation for the next phase of growth. However, the Cosmos EVM incident reminds us: security remains the main risk, and projects need to act proactively rather than react after the fact.