Market report for traders
🔮 BTC, ETH, and Altcoins
Over the last 7 days, Bitcoin ends at AU$172,809 moving +2.08% at the time of writing. Meanwhile, Ethereum ends at AU$6,060 moving +0.83% week-on-week. On the Altcoin side, Solana +1.60%, Dogecoin -2.45%, and XRP +5.11% change.\ \
🗞 What’s happening in the news?
🧭 Australia’s Crypto Reform — Industry Applauds, but Questions Remain
The Treasury’s consultation on draft digital-asset rules has closed after starting in late September. The proposal would create two products under the Corporations Act, a “digital asset platform” and a “tokenized custody platform,” each requiring an Australian Financial Services Licence and ASIC registration. Industry submissions welcomed progress but flagged gaps around offshore liquidity access and whether licensed financial advisers can advise on crypto itself. “Whether this legislation achieves its stated objectives of fostering innovation and supporting sectoral growth and competition will largely depend on the timeliness and quality of ASIC’s forthcoming guidance,” said Mandy Jiang, the executive director and financial chief at blockchain firm CloudTech Group. Edward Carroll, the head of global markets at crypto investment firm MHC Digital Group, added, “we probably won’t see legislation introduced before the end of 2026.”
🧠 IBM Launches Digital Asset Haven for Tokenisation and Stablecoins
IBM has announced Digital Asset Haven, a platform designed for banks, governments, and large corporations to manage digital assets securely across multiple blockchains. The software-as-a-service version will launch in Q4 2025, with broader support coming in Q2 2026. Developed in collaboration with custody firm Dfns, it supports 40+ public and private chains and integrates identity verification and anti-money-laundering tools through APIs. “Institutions will need to evolve,” IBM said in their press release, highlighting the growing adoption of tokenised assets and stablecoins. Dfns CEO Clarisse Hagège added, “Together with IBM, we’ve built a platform that goes beyond custody to orchestrate the full digital-asset ecosystem.”
🏦 JPMorgan to Accept Bitcoin and Ethereum as Loan Collateral
JPMorgan Chase & Co. is reportedly developing a framework that would allow institutional clients to use BTC and ETH as collateral for loans under a third-party custody model, according to Bloomberg. The program is expected to launch by the end of 2025. Analysts say the move could place crypto alongside Treasuries and gold as loan collateral. “The more financial institutions integrate Bitcoin, the more they’ll have to learn to play by its rules,” said Samuel Patt, co-founder of Bitcoin metaprotocol OP_NET. He added that banks will need new frameworks for managing 24/7 volatility, liquidity, and custodial risk in real time.
📖 What we’ve been reading
Javier Milei’s crypto-friendly party wins Argentine midterm
Argentina’s La Libertad Avanza party, led by President Javier Milei, has won the midterms, positioning Milei as the frontrunner for the 2027 elections.
Republican senator warns time is running out to pass US crypto bill: Report
Amid a US government shutdown with no end in sight, a Republican lawmaker said Congress had only until January or February to pass crypto legislation.
Kyrgyzstan Launches National Stablecoin, Sets Up Cryptocurrency Reserve: CZ
The country has also legally recognized its central bank digital currency (CBDC), the digital som, with plans to pilot government-related payments with it.
*Disclaimer: The information provided is for educational purposes and does not constitute financial product advice. You should obtain independent advice from an Australian financial services licensee before making any financial decisions.*
