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Daily Research
Gate Research: Crypto Market Sentiment Rises | Grayscale’s TAO Trust Registration Boosts TAO Price

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Gate Research: Crypto Market Sentiment Rises | Grayscale’s TAO Trust Registration Boosts TAO Price

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2025-10-13 08:29:14
Reading Time: 1m
Last Updated 2026-04-09 09:21:03
On October 13, BTC showed signs of a rebound after briefly dipping to around $102,000. ETH touched a low of $3,394 before quickly stabilizing and rebounding, showing strong short-term recovery momentum. GT found solid support near $14 after a sharp decline, then consolidated and began breaking out with rising volume. In addition, tokens such as SNX (+87.3%), DASH (+50%), and TAO (+40.1%) posted strong rebounds as capital rapidly flowed back into the Privacy and DeFi sectors, reigniting market momentum. The total global stablecoin supply surpassed $301.5 billion, reaching a new all-time high. Meanwhile, USST, a stablecoin launched by Tether co-founder Reeve Collins under the STBL project, has continued to depeg since its debut. Grayscale also filed a Form 10 with the SEC for its Bittensor Trust (TAO), marking a significant step toward full regulatory registration.
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