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The market capitalization of the largest stablecoin USDT surpassed $120 billion on the 20th, setting a new all-time high. According to data from the official USDT website, most of the recent surge in USDT supply is moving to centralized exchanges (CEX). Many experts have pointed out the purpose of USDT's soaring market capitalization, indicating that the 'Uptober' that many investors have been hoping for is being realized.
2. BlackRock purchases $1 billion worth of BTC last week
The world's largest asset manager BlackRock has been revealed to have purchased around $100 million worth of BTC last week, in response to surging demand for its BTC physical exchange-traded fund (ETF) 'IBIT'. According to on-chain analysis platform Arcane Intelligence's report released on the 20th, BlackRock's IBIT now holds around 1.76% of the circulating BTC supply, amounting to $1 billion worth of BTC.
3. US court "extends SEC-Binance lawsuit judgment to 2026"
The US court announced on the 20th that it has approved the amended lawsuit submissions from both the US Securities and Exchange Commission (SEC) and Binance, extending the lawsuit until 2026. Binance recently claimed that the SEC has filed a lawsuit against it by arbitrarily interpreting cryptocurrencies as 'crypto security assets'. Meanwhile, the SEC stated that it is pursuing additional charges not only against Binance's corporate entity, but also against former Binance CEO Zhao Changpeng, Binance US, and BAM Trading Services. The previous SEC-Binance lawsuit judgment was scheduled for November 2025.
Reporter Kwon Seung-won ksw@
