Crypto weekly is authored by maaria and david blumenfeld

PRICE CHANGE: WTD/YTD
- Crypto Market Cap ($3.78T): -4% / +11%
- BTC ($109,760): -3% / +17%
- ETH ($3,851): -5% / +15%
- SOL ($185): -7% / -2%
- UNI ($5.78): -11% / -56%s
- OP ($0.41): -11% / -77%
- COIN ($344): -3% / +38%
- Tether Mkt Cap ($183B): 0% / +32%
- USDC Mkt Cap ($76B): -1% / +73%
- BTC / ETH Dominance: 58% / 12%

THIS WEEK IN CRYPTO
- Bitcoin fell below $107,000 as Powell's cautious remarks against assuming further rate cuts after the Fed’s most recent 25 basis point cut led to a broader sell-off in risk assets. Link. Link.

- Bitcoin had its first October monthly loss since 2018, breaking a seven-year streak of gains. Link.

- Western Union plans to launch a USD-pegged stablecoin called USDPT on the Solana blockchain in early 2026. Link.

- The Bitwise Solana Staking ETF, the first spot Solana ETF, launched despite the ongoing government shutdown. Link.

- Coinbase shares increased by 8% following third-quarter results that exceeded Wall Street estimates, with revenue growing 55% to $1.9 billion and net income rising nearly 5x to $433 million. Q3 transaction revenue grew 37% to $1 billion, with Ethereum trading share increasing to 22% of total volume from 15% in Q2. Link. Link.

- Coinbase CEO Brian Armstrong ended the company’s quarterly earnings call by listing words that users had wagered on through prediction market platforms Kalshi and Polymarket. Link. Link.

- Representative Ro Khanna plans to introduce legislation banning elected officials from owning or creating cryptocurrencies. Link.

- Mastercard is in talks to acquire crypto infrastructure startup Zerohash for nearly $2 billion. Link.

- Decentralized betting marketplace Polymarket plans to reopen in the US by late November after resolving regulatory issues. Link.

- MegaETH's public token sale was over 27 times oversubscribed, valuing the Layer 2 blockchain at over $27 billion. Link.

- Tether, the world's largest stablecoin issuer, reported over $10 billion in profits for the first three quarters of 2025, with Q3 profits exceeding $4.3 billion. Link.

- Stablecoin issuers are capturing 60-75% of total daily protocol revenue by keeping the interest on dollar deposits. Link.

- Ethereum's next major mainnet upgrade Fusaka is scheduled for December 3, and will implement about a dozen Ethereum Improvement Proposals including the much awaited PeerDAS and increased block gas limits. Link.

- Standard Chartered predicts Ethereum will dominate a projected $2 trillion tokenized asset market by 2028, capturing the "vast majority" of growth due to its reliability and network effects. Link.

- The European Central Bank plans to launch a pilot phase for a digital euro in 2027, pending legislative approval in 2026. Link.

- EU lawmaker Fernando Navarrete proposes that a fully-fledged digital euro should only be launched if the private sector fails to integrate Europe's fragmented payments landscape. Link.

- Flutterwave and Polygon Labs are partnering to launch a stablecoin-powered cross-border payment network across 34 African countries, aiming to reduce remittance costs and increase cross-border payment volumes. Link.

- JPMorgan Chase is tokenizing a private-equity fund on its Kinexys Fund Flow blockchain platform. Link.

- Core Scientific shareholders rejected a proposed $9 billion merger with AI computing company CoreWeave, a deal which would have helped Core Scientific diversify beyond Bitcoin mining. Link.

- Citigroup and Coinbase are partnering to make fiat on-and-off ramps for stablecoins easier for Citi customers. Link.

- Decentralized derivatives exchange dYdX plans to offer spot crypto trading in the US by the end of 2025. Link.

- BlackRock's Bitcoin ETF experienced its largest single-day outflow since August, shedding $291 million amid broader Bitcoin ETF withdrawals. Link.