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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/13/2026

Oct 13: Bitmine Nears 5% ETH Supply Cap as Tom Lee Signals End to Accumulation

Strategy's Bitcoin Holdings Reach 848,250 BTC After Latest $21.5M Buy · DeFi Development Grows SOL Holdings 12% as CHAD Preferred Stock Hits R · Meta Launches Muse Wonder, But Independent Rankings Still Favor Anthro

Oct 13: Bitmine Nears 5% ETH Supply Cap as Tom Lee Signals End to Accumulation

Market Snapshot

Bitcoin (BTC): $81,444.69 (-3.00% 24h)  |  Ethereum (ETH): $2,422.17 (-4.88% 24h)  |  Solana (SOL): $102.99 (-7.75% 24h)

Notable number: Strategy's BTC holdings now account for approximately 4% of the total 21 million BTC supply cap, valued at roughly $70.6 billion.

Top Stories

Key Takeaways

  • Regulatory and technical governance remain central: FASB’s stablecoin proposal and the XRP Ledger patch both underscore the sector’s ongoing struggle with institutional standards and decentralized ideals.
  • Institutional accumulation is slowing: Both Strategy and Bitmine are signaling a more measured approach to crypto treasury management, with Bitmine nearing its self-imposed ETH cap and Strategy’s BTC buys at multi-year lows.
  • Investor risk preferences are shifting: DFDV’s CHAD preferred stock outperformed common equity during a market downturn, reflecting a growing appetite for yield and stability over pure growth exposure.
  • AI model competition is intensifying, but transparency lags: Meta’s new Muse Wonder models challenge incumbents, yet API gating and selective benchmark disclosures hinder independent validation and broad adoption.

What to Watch

The FASB stablecoin accounting proposal remains open for public comment until November 19, with institutional adoption likely hinging on the final rule. The G20 meeting later this week may bring further clarity on cross-border stablecoin oversight. In AI, watch for third-party evaluations of Meta’s Muse Wonder models and any moves from OpenAI or Anthropic in response to Meta’s aggressive pricing and feature set.