Weekly Recap | Market Stabilizes as Policy Signals Strengthen and Funding Activity Persist
2025.11.03
Week in Review (October 27 – November 2)
Last week, the Federal Reserve announced its latest rate decision, keeping the benchmark interest rate unchanged while noting signs of slowing economic growth and easing inflation. Officials also hinted that if the economy continues to cool, a rate cut could be considered in the coming months.
In the crypto market, overall momentum remained sideways with weak trading volumes and no major rebound. If Bitcoin falls below the key $100,000 psychological level, a new round of liquidation and deleveraging could be triggered.
This recap reviews the key developments across the crypto industry last week and provides a preview of the major events and trends to watch in the week ahead.
Market Pulse
- U.S. Bitcoin spot ETFs saw a net outflow of $798 million, while U.S. Ethereum spot ETFs recorded a net inflow of $16.1 million.
- Strategy reported Q3 net income of $2.8 billion, with BTC holdings rising to 640,000 coins.
- The probability of a 25 bps rate cut by the Fed in December now stands at 74.7%, and 57.7% for January 2025.
- MegaETH concluded its public sale with over 50,000 participants and $1.39 billion subscribed — 27.8x oversubscribed.
- Consensys plans to go public in the U.S., hiring JPMorgan and Goldman Sachs as lead underwriters.
- Data shows that 70 Ethereum treasury entities now hold over 6 million ETH in total.
- Bitcoin’s return in October was 0.39%, compared to its historical monthly average of 21.89%.
Funding & M&A
Last week saw 17 funding deals totaling over $100 million, primarily focused on DeFi, AI, and infrastructure sectors:
- Crypto credit infrastructure Accountable raised $7.5 million led by Pantera Capital.
- Bron Labs, launched by the founder of Copper, raised approximately $15 million for digital asset security.
- Pakistan-based stablecoin firm ZAR secured $12.9 million in a round led by a16z.
- Hercle raised $10 million and received a $50 million credit line to boost cross-border stablecoin payments.
- Standard Economics closed a $9 million seed round to launch cross-border payment app “Uno.”
- KapKap raised $10 million led by Animoca Brands and other investors.
Policy & Compliance
- The Hong Kong SFC chairman stated plans to issue guidelines for digital asset treasuries and study whether listed firms can purchase Bitcoin.
- An Indian court confirmed that cryptocurrencies are classified as property and banned WazirX from redistributing XRP tokens.
- A South Korean lawmaker proposed a bill to prevent the use of stablecoins to bypass foreign exchange regulations.
- Australia’s ASIC will implement broader oversight in the crypto sector under its updated guidelines.
Echobit Highlights
- Echobit launched the Halloween Battle — Choose Fear or Greed event.
- The Halloween Night Treasure Hunt kicked off with a $500 USDT prize pool.
- The Candy Drop surprise event was unveiled, bringing sweet rewards to the community.
Coming Up Next Week (November 3 – November 9)
- The dYdX community will vote on a proposal to allocate 100% of protocol fees to DYDX buybacks (vote scheduled for Nov 3).
- Hong Kong FinTech Week kicks off on November 3.
- Canada may announce new stablecoin regulations in its November 4 federal budget.
- U.S. courts are set to hold a retrial motion hearing for SBF on November 4.
- Fractal Bitcoin launches new staking pools; Triple Gem will close on November 5.
- The U.S. SEC postponed its decision on Grayscale’s DOT Spot ETF to November 8.
- Token unlocks for NA, MEME, and MOVE are scheduled this week, releasing over $50 million in value.
Echobit will continue to track global crypto developments, focusing on market movements, regulatory shifts, and investment opportunities — helping you navigate every market cycle and stay ahead of the curve.
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