“The era of the stablecoin oligopoly is coming to an end.”
“OpenAI becomes the world’s largest startup.”
“Bitcoin mining enters its most challenging phase.”
“Bank of England opens central bank account for stablecoins.”
“Tokenized stocks will transform Wall Street into a 24-hour market.”
Let’s analyze the latest news on the global economy and cryptocurrencies and explore economic trends together! Friday, October 3rd, we’ll be discussing today’s cryptocurrency news and on-chain market conditions. This is Keira from Market TV.
This program brings you the latest news to help you with your asset building. Let’s start by looking at 24-hour data headlines from the cryptocurrency market.
First, let’s start with the topic of “the era of the stablecoin oligopoly is coming to an end.” Until now, Tether (USDT) and USD Coin (USDC) accounted for over 90% of the stablecoin market. However, as of October 2025, their dominance has fallen to 84%. This means that the monopoly held by the two giants is gradually crumbling.
These developments are driven by emerging stablecoins and a changing regulatory environment. Regulators, particularly in the United States, are increasingly pushing for transparency and reserve protection, prompting market participants to explore more diverse options. Over the past decade, stablecoins have served as a safety valve for the cryptocurrency market, but as that dynamic shifts, market participants face new risks and opportunities.
Investors and regulators have argued that diversification fosters a healthy competitive environment and improves the stability of the system as a whole. Conversely, some worry that the proliferation of emerging players will make oversight more difficult. This shift is likely to have a significant impact on market sentiment and regulatory responses beyond mere numbers.
Next came the big news: OpenAI surpassed SpaceX with a $500 billion valuation, becoming the world’s largest startup. OpenAI, a rapidly growing company in the artificial intelligence field, surpassed the space development company SpaceX with this astonishing valuation.
More than simply a comparison of company valuations, this is a symbolic event that demonstrates trends in technology and capital markets. Expectations and investment enthusiasm for AI technology are at an unprecedented level, with many venture capitalists and institutional investors flocking to the market.
This trend will have ripple effects not only on technological innovation but also on the labor market and regulatory policy. Some experts have pointed out that “AI startups have the potential to change the very fabric of society in the next few years.”
Now, there are important developments in Bitcoin mining. “Bitcoin mining has reached its most challenging level ever, with hash prices (mining reward prices) sluggish.”
Over the past few months, a combination of factors, including rising electricity costs and declining mining equipment efficiency, has put many miners under pressure to maximize their profits. This can be seen as a backlash from the high mining rewards that had been achieved up until then.
There are three key factors behind this situation.
First, some miners are being forced to withdraw or upgrade their equipment due to unprofitability.
Second, although hash rates (total mining computing power) have temporarily declined across the market, this is seen as a long-term adjustment phase due to concerns about maintaining network security.
Third, this predicament could lead to a restructuring of the Bitcoin price and the mining industry.
Some industry insiders have commented that, “It’s a tough winter, but the surviving players will be strong enough to overcome the headwinds.”
Next, there’s groundbreaking news: the Bank of England is opening its doors to central bank accounts for stablecoins. This marks the first time a financial authority has offered such accounts to stablecoin issuers, bridging the gap between traditional finance and digital currencies.
This move is expected to
– enable stablecoin issuers to manage their funds more safely and efficiently,
– improve the reliability of the market as a whole.
It also provides regulators with a new option for intervening in the digital asset market. While it strikes a difficult balance between financial stability and promoting innovation, this initiative is attracting attention worldwide.
Finally, there’s the theme of “wallet-driven tokenized stocks will keep Wall Street running 24/7.” Traditionally, stock trading has been centered around securities companies and brokers. Recently, however, there has been an increase in cases where stocks tokenized using blockchain technology are traded directly between personal wallets.
This has resulted in unprecedented benefits, such as:
– Global trading even outside of trading hours,
– Reduced intermediary costs,
– Transparency and instant settlement.
However, there are still many regulatory challenges, and some have pointed to “friction with the traditional Wall Street system.” Nevertheless, this trend is attracting a great deal of attention as the future of financial markets.
That’s all for today’s news. Our channel provides in-depth, specialized features focusing on valuable news in the cryptocurrency world. If you find this channel valuable, please share, follow, and turn on notifications.
See you tomorrow.
