BasisDesk

Daily Brief · October 25, 2026

Daily Brief: Bitcoin Dips Below $80,000 as Middle East Tensions Escalate

Cryptocurrency markets retreated to multi-week lows as geopolitical pressures sparked risk-off sentiment and liquidations across spot and derivatives markets.

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October 25, 2026basisdesk.news
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Story 1 of 5

Bitcoin Drops Below $80,000 on Geopolitical Tensions

$BTC slipped below $80,000 to a multi-week low as the US began evacuating diplomatic and military staff in the Middle East amid Iranian attack threats .

October 25, 2026basisdesk.news
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Story 2 of 5

Stablecoin Payment Volumes Surge 45% in Q3

Stablecoin payment volumes hit $482 billion in the third quarter of 2026, marking a 45% increase despite a mostly flat overall token supply .

October 25, 2026basisdesk.news
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Story 3 of 5

X100 Exploiter Swaps Drained USDT to Ether

An attacker converted roughly 4.75 million $USDT into ether following a governance takeover of the X100 protocol . The proceeds were dispersed across four wallets holding 400 $ETH each, with 423 ETH left in a…

October 25, 2026basisdesk.news
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Story 4 of 5

US Regulatory Delays Benefit Middle East and Asia

The failure to pass the Clarity Act will push institutional digital asset activity to Bermuda and the Gulf, according to Apex Group CEO Peter Hughes .

October 25, 2026basisdesk.news
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Story 5 of 5

Public Firms Reject OKX-ICE Tokenized Stock Venue

Cisco, Wells Fargo, Arm, and three other companies formally blocked their shares from trading on the OKX-ICE blockchain platform . A total of 22 public issuers have now opted out under the SEC's 30-day notice framework .

October 25, 2026basisdesk.news
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The numbers

$BTC hovered around $80,159 and $ETH at $2,322, with the total crypto market capitalization falling 1.2% to $2.64 trillion.

October 25, 2026basisdesk.news
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What to watch

  • Official US military movements in the Middle East affecting broad market risk sentiment
  • Expansion of Visa's Stablecoin Platform from its beta phase to broader availability
  • Subsequent fund routing or cash-out activity from the four 400-ETH X100 recipient addresses
October 25, 2026basisdesk.news
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October 25, 2026basisdesk.news
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