By Suvashree Ghosh
(Bloomberg) – Crypto executives and buyers are gathering in Singapore for one of the trade’s greatest conferences of the 12 months after a Bitcoin-led rally revived a market that had been struggling for momentum.
About 25,000 persons are anticipated to converge on the city-state’s iconic Marina Bay Sands this week for Token2049. Greater than 500 exhibitors and 300 audio system are slated for the Oct. 7-8 occasion, together with Hyperliquid Chief Govt Officer Jeff Yan, Polymarket CEO Shayne Coplan and World Liberty Monetary co-founder Eric Trump.
Bitcoin’s rally from $58,000 at the finish of June to roughly $85,000 has revived discuss of one other bull market. But the token has struggled to interrupt above $87,000, Treasury yields are weighing on speculative belongings and the trade arrives in Singapore with significantly much less momentum than throughout earlier crypto booms.
On Tuesday, Bitcoin hovered round $86,200.
‘Not Euphoria’
The trade has weathered a chronic droop since October final 12 months, when Bitcoin plunged from its document excessive above $126,000. However a 43% advance in the three months by means of September gave the largest cryptocurrency its strongest quarter since the ultimate three months of 2024, when crypto-friendly President Donald Trump received reelection.
The convention itself is leaning into the rebound: one of its first keynote addresses, from BitMine Chairman Tom Lee, is titled “Crypto Spring Turning Into Full-Blown Bull Market.” The market has been much less emphatic.
The temper is best than it was in June, but it surely’s “undoubtedly not euphoria,” stated Haseeb Qureshi, managing accomplice at crypto-focused enterprise capital agency Dragonfly.
The market has absorbed setbacks comparable to the US Senate’s failure to advance the Readability Act, whereas rising institutional participation and the growth of stablecoin use have helped help confidence, he stated.
Converging Worlds
One main theme at the convention will likely be how components of conventional finance are shifting onto blockchain networks, basically placing belongings and monetary transactions on know-how initially developed for cryptocurrencies. Tokenised belongings, stablecoins and around-the-clock buying and selling are more and more bringing the two worlds nearer collectively.
The worth of tokenised real-world belongings comparable to bonds, commodities and equities has surged, reaching greater than $38 billion at the finish of September, in response to RWA.xyz, whose tally excludes stablecoins.
The speaker lineup displays that rising convergence, with crypto-native executives showing alongside conventional monetary trade leaders together with Nasdaq Chair and CEO Adena Friedman and Franklin Templeton CEO Jenny Johnson.
Eric Trump, the US president’s second son and govt vice chairman of the Trump Group, will converse on “The Future of Finance, Constructed in America.”
Different big-name audio system embody Ethereum co-founder Joseph Lubin, Binance co-CEO Richard Teng and crypto billionaire Justin Solar, an early investor in the Trump household’s World Liberty Monetary who’s now embroiled in a dispute with it.
Notably absent from this 12 months’s lineup are Tether CEO Paolo Ardoino and Robinhood CEO Vlad Tenev, who have been each key audio system in 2025.
Agentic Funds
Synthetic intelligence will likely be one other main thread, notably as the crypto trade experiments with utilizing digital currencies and blockchain networks to allow funds between AI methods.
Qureshi, who spends a lot of his time the intersection of crypto and AI, stated he’s notably in “agentic funds,” the place AI brokers make funds on behalf of customers or transact with each other.
“It is early, but it surely’s the place I see the smartest founders making an attempt out new concepts,” Qureshi stated.
Hacks and cybersecurity are additionally more likely to be matters of dialog following a spate of current assaults, together with the $388 million heist at crypto alternate Bitget simply two weeks in the past.
Bitget CEO Gracy Chen stated that, for her, the worth of Token2049 lies much less in what occurs on stage than in the conversations off it. “It’s a helpful alternative to match what we’re seeing at Bitget with what the broader market is prioritising,” she stated.
Chen wish to see extra regulators and policymakers talking at the occasion, notably as the trade grapples with how stablecoins, tokenised belongings and crypto platforms ought to match into the wider monetary system.
Some of the most consequential questions “can’t be answered by the trade alone,” she stated.
Crypto exercise in Singapore totaled $284 billion between July 2025 and June 2026, up 55.4% from the earlier 12 months, in response to Chainalysis.
(Updates all through with Bitcoin worth, particulars on audio system.)
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