U.S. stock index futures recovered some of their losses after Donald Trump softened his rhetoric on China, writing that relations with Beijing "will be fine." His statements followed an escalation of the trade conflict on Friday, when a threat to impose a new duty of 100% on imports from China triggered the worst sell-off on US exchanges since April and a massive collapse in the cryptocurrency market. On Monday, Asian markets opened trading with a crash, but cryptocurrencies and oil are recovering. What is happening in the markets - in our review of key events by the morning of October 13.

Main points for the morning: collapse in Asia, rebound in the US, oil and cryptocurrencies recovering from the fall

US President Donald Trump's decision to impose additional duties on Chinese goods at a rate of 100% triggered a massive sell-off in the crypto market.


'Biggest liquidation': Trump has brought down the crypto market with new duties against China

MARA Holdings, Inc.

Robinhood Markets, Inc.

Coinbase Global, Inc.

Bitcoin is not an asset class, says Hargreaves Lansdown

Cryptocurrencies have no place in a portfolio, says Britain's premier investment platform. Why?

S&amp;P Dow Jones Indices Group, which manages the S&amp;P 500 and Dow Jones Industrial Average benchmarks, has announced the launch of a new crypto index, the S&amp;P Digital Markets 50, Barron's<a href="https://www.barrons.com/articles/new-crypto-index-digital-markets-50-92099f69?mod=RTA"> reports</a>. It will include 15 leading cryptocurrencies with a capitalization of $300 million or more, as well as 35 stocks - companies working in the field of crypto operations, blockchain technology and related areas, with a market value above $100 million. The full list of participants has not yet been disclosed.

S&amp;P is launching a new crypto index. It will include 35 companies and 15 currencies

At current gold prices, bitcoin should be worth $644k by 2028, according to VanEck

Bitcoin traders target $140k after record rally - Bloomberg

Gemini Space Station, Inc.

Since its IPO last month, the cryptocurrency company's securities have fallen in price by nearly 10%

"A bridge to the future": Evercore advised to buy Gemini shares and expects them to rise by 20%

Strategy Inc

Steady inflows of money into bitcoin-ETFs and correlation with gold could push the cryptocurrency to new highs

Shares of crypto companies rose after bitcoin's new record. Will the rally continue?

Seasonal effects and expectations of a Fed rate cut boost demand for cryptocurrencies

Bitcoin has risen above $120,000 for the first time in a month and a half. What is behind the new spurt?

Bitcoin is up 28% since the beginning of the year and Ethereum is up 32%

Citi raised its forecast on Ether and lowered it on bitcoin. Is "digital gold" weakening?

Coinbase securities rose by almost 4% in trading on October 1

An analyst advised buying Coinbase shares. He sees three growth drivers

Visa Inc.

Circle Internet Group

Visa announced on September 30 that it has begun testing a new way for businesses to fund international payments using stablecoins instead of pre-depositing cash in local accounts, Reuters <a href="https://www.reuters.com/technology/visa-bets-stablecoins-speed-up-cross-border-payments-2025-09-30/">reports</a>. According to the agency, the move shows the growing acceptance of digital tokens among large companies thanks to the passage of the GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) Act in the United States, which established rules for issuing cryptocurrencies tied to hard assets.

'GENIUS Act changed everything': Visa launches crypto-enabled cross-border transfers

QMMM Holdings Limited

Smart Digital Group Limited

The U.S. SEC has temporarily suspended trading in QMMM Holdings after the stock surged nearly 1,000% in three weeks, citing “potential manipulation” driven by social-media promotions. The Cayman-incorporated company, which until recently operated as a digital media and advertising firm, is the latest to join the wave of businesses adopting a crypto-treasury strategy.

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