Coin360 Weekly Dispatch | Crypto Market Updates & Highlights | October 5 - October 11, 2025

Crypto Weekly Recap

The crypto market ended a volatile week with a total market cap of $3.71 trillion.

• Crypto Fear & Greed Index: 27 — Fear
• Bitcoin dominance: 60.24%
• Bitcoin weekly performance: -7.65%
• Ethereum weekly performance: -13.99%

A sharp risk-off move on October 10 triggered record liquidations after President Donald Trump announced an additional 100% tariff on Chinese imports and new software export restrictions.

Bitcoin Falls 7.65% After Record High

Bitcoin traded around $113,000 at the end of the week after reaching a record $126,000 on October 5-6.

BTC then fell as low as $101,500 on October 10-11 as equities and crypto markets sold off.

U.S. spot Bitcoin ETFs still recorded $2.71 billion in weekly inflows.

Federal Reserve minutes released October 8 reinforced a data-dependent policy stance. Meanwhile, the U.S. government shutdown delayed the September CPI report until October 24.

The S&P 500 fell 2.71% in one day and 2.52% for the week, while Bitcoin moved closely with equities during the sell-off.

Glassnode had highlighted strong ETF flows and mid-sized wallet accumulation after BTC broke above $114,000-$117,000. It also warned about “crowded leverage” before the sell-off.

Large whales reduced exposure near the highs, while smaller holders accumulated during the decline.

Tether also minted another $1 billion.

Gold briefly traded above $4,000 per ounce and gained 3.22% for the week, outperforming Bitcoin during the macro shock.

Ethereum Drops Nearly 14%

Ethereum fell 13.99% for the week despite $488.27 million in U.S. spot ETH ETF inflows.

ETH peaked near $4,750 on October 7 before falling to about $3,373 on October 10.

Institutional holdings continued rising. Corporate treasuries and ETFs held roughly 12.48 million ETH, equal to around 10.31% of circulating supply.

That included:

• Corporate treasuries: about 5.66 million ETH
• ETFs: about 6.81 million ETH

The Ethereum Foundation also launched a 47-member Privacy Cluster and introduced its Kohaku wallet and SDK roadmap.

The initiative focuses on privacy tools including modular privacy layers, masked transfers and peer-to-peer broadcasting.

Altcoins and Other Crypto Developments

Privacy tokens and BNB Chain memecoins led early in the week.

BNB memecoins later lost momentum during the broader sell-off, while Zcash remained one of the strongest performers. Tokenized gold assets gained attention over the weekend.

Other developments included:

• Galaxy Digital launched GalaxyOne, offering accredited investors yields of up to 8%.
• Standard Chartered warned that $1 trillion could leave emerging-market banks for stablecoins by 2028.
• BNY Mellon explored tokenized deposits for its $2.5 trillion payments network.
• MetaMask integrated Hyperliquid and Polymarket.
• Square launched fee-free Bitcoin payments.
• SoftBank's PayPay bought a 40% stake in Binance Japan.
• Kalshi raised $300 million at a $5 billion valuation.
• The U.K. opened retail access to crypto ETNs.
• Jupiter and Ethena announced JupUSD on Solana.
• Galaxy raised $460 million to convert its Texas Bitcoin site into an AI data center.
• Bittensor's Yuma launched an asset-management arm.
• AMINA began institutional Polygon staking with rewards of 15%.
• Sorare migrated its digital collectibles platform to Solana.
• Ocean Protocol left the AI-token alliance with Fetch.ai and SingularityNET.
• FIFA faced a Swiss investigation involving blockchain-based ticket tokens.
• South Korea increased crypto seizures targeting cold-wallet holders.
• KindlyMD partnered with Antalpha on $250 million in Bitcoin-backed financing.
• Pineapple launched a $100 million Injective treasury after buying $8.9 million of INJ.
• CEA Industries disclosed a 480,000 BNB treasury.
• The TRUMP memecoin issuer pursued $200 million for a digital-asset treasury.

Crypto Market Suffers Record $19.1B Liquidation

The crypto market experienced its largest liquidation event on October 10-11.

Approximately $19.1 billion in leveraged positions were liquidated, while roughly $400 billion was erased from total crypto market value.

Bitcoin fell to $101,500, while Ethereum reached $3,373.67.

XRP, DOGE and other altcoins recorded severe losses, with some smaller tokens falling more than 99%.

The event was described as the largest forced deleveraging in crypto history, exceeding previous major market crashes.

Morgan Stanley Expands Crypto Access

Morgan Stanley said it would open access to Bitcoin and Ether funds to all wealth-management clients, including retirement accounts, beginning October 15.

Previously, access was limited to clients holding at least $1.5 million in assets.

The bank's Global Investment Committee recommends limiting crypto allocations to 4% of a portfolio.

The expansion gives Morgan Stanley clients broader access to digital assets through traditional wealth-management accounts.

ICE Invests Up to $2B in Polymarket

Intercontinental Exchange, owner of the New York Stock Exchange, agreed to invest up to $2 billion in Polymarket.

The transaction values the prediction-market platform at approximately $9 billion.

Polymarket had recently recorded about $1.5 billion in trading volume and held roughly $164 million in total value locked.

ICE and Polymarket plan to work on event-driven market data and tokenization initiatives.

YZI Labs Launches $1B BNB Builder Fund

YZI Labs launched a $1 billion Builder Fund on October 8.

The fund targets projects in:

• DeFi
• Artificial intelligence
• Real-world assets
• Decentralized science

Projects can receive up to $500,000 and access mentorship through the Most Valuable Builder accelerator.

The announcement came as BNB reached a record $1,336 and a market capitalization of about $182 billion.

BNB Chain was processing around 26 million daily transactions and $6.05 billion in DEX volume.

Major Banks Develop G7 Stablecoin Initiative

A group of major banks, including Bank of America, Goldman Sachs and Deutsche Bank, began exploring a stablecoin initiative linked to G7 currencies.

The project would use public blockchains while focusing on:

• Full reserve backing
• Regulatory compliance
• Interoperability
• Faster settlement

Separately, nine European banks were working toward a euro-denominated stablecoin launch in mid-2026 under MiCA.

Luxembourg Sovereign Fund Invests in Bitcoin

Luxembourg became the first Eurozone country to invest in Bitcoin through a sovereign wealth fund.

Its Intergenerational Sovereign Wealth Fund allocated 1% of its assets, or approximately $9 million, to regulated Bitcoin ETFs.

The fund managed around €764 million ($888 million).

The investment followed a policy change allowing as much as 15% of the portfolio to be allocated to alternative investments.

Citi Ventures Invests in BVNK

Citi Ventures invested in stablecoin infrastructure provider BVNK.

BVNK processes more than $20 billion annually, has more than 25 regulatory approvals and reports 99.9% uptime.

Its valuation exceeded $750 million.

At the same time, Coinbase and Mastercard were in advanced discussions around a possible $1.5 billion-$2.5 billion acquisition of BVNK.

Coinbase Brings Staking to New York

Coinbase launched crypto staking in New York, expanding availability to 46 states.

New Yorkers gained access to staking for:

• Ethereum
• Solana
• Cosmos
• Cardano
• Avalanche
• Polygon
• Polkadot

Advertised yields reached as high as 16% APY.

The expansion followed the dismissal of the SEC's lawsuit against Coinbase involving its staking service and other securities allegations.

S&P Global Launches Digital Markets 50 Index

S&P Global launched the S&P Digital Markets 50 Index on October 7.

The benchmark combines:

• 15 cryptocurrencies
• 35 blockchain-related equities

Each component is capped at a 5% weighting.

Cryptocurrencies must have a minimum market capitalization of $300 million, while equities require at least $100 million.

The index will rebalance quarterly.

Dinari will also issue a tokenized version called dShares.

Grayscale Adds Staking to U.S. Crypto ETPs

Grayscale launched the first U.S. spot crypto exchange-traded products incorporating staking for Ethereum and Solana.

The products allow investors to gain exposure to staking rewards through traditional brokerage accounts.

Grayscale managed approximately $35 billion in assets.

Its Ethereum Trust ETF, ETHE, charged a 2.5% annual management fee, while the Grayscale CoinDesk Crypto 5 ETP charged 0.59%.