According to @HenriArslanian, this week’s newsletter highlights four market catalysts for traders: the U.S. seizing $15 billion of BTC, the UK FCA exploring fund tokenisation, Japan targeting crypto insider trading, and crypto’s likely impact on the U.S. midterms (source: @HenriArslanian on X, Oct 19, 2025). For BTC, large U.S. government seizures have historically been auctioned or transferred by authorities, making government wallet movements and potential exchange inflows important supply-watch signals for traders (sources: U.S. Marshals Service historical BTC auctions; U.S. Department of Justice disclosures on seized-asset transfers). FCA work on tokenised funds indicates continued regulatory exploration of on-chain fund units and infrastructure, a topic previously consulted on by the regulator that can shape timelines for UK institutional participation and market plumbing (source: UK Financial Conduct Authority publications on fund tokenisation). Japan’s move to target crypto insider trading suggests tighter market-abuse oversight for exchanges and listings, which can affect liquidity conditions on Japan-focused venues once measures are implemented (source: @HenriArslanian). Crypto’s role in the U.S. midterms elevates policy headline risk for BTC and ETH as regulatory stances enter campaign narratives and legislative agendas (source: @HenriArslanian).