Daily Market Wrap | Oct. 23

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Hot Topics

SEC and CFTC aim for end-2025 crypto milestones like spot trading and tokenized collateral amid government shutdown delays, with Senate meetings on industry legislation.

Securitize launches MCP Server on Model Context Protocol, enabling AI and enterprise tools to easily access real-time tokenized RWA data like BUIDL and ACRED.

Market Updates

Revolut secures MiCA license in Cyprus, enabling regulated crypto services across 30 EEA countries with 280+ tokens, zero-fee staking, and 1:1 stablecoin-USD conversions.

Polymarket is negotiating a new investment round at a $12B-$15B valuation, a 10x jump from its $1B in June, while rival Kalshi seeks funding over $10B after its $5B raise.

UK’s FCA sues HTX exchange for unlawfully promoting digital asset services, following 2023 warnings about unauthorized operations.

OCT-2.5%
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