Weekly Recap | U.S. Government Reopens, Bitcoin Falls Below $100,000, and Echobit Launches S15 World
2025.11.17
Last Week in Review (Nov 10 – Nov 16)
Last week, the U.S. government officially reopened after more than 40 days of shutdown, yet market sentiment failed to improve. Bitcoin slid below the critical $100,000 level, and the broader crypto market experienced sharp declines. With Fed rate-cut expectations being repriced, U.S. equity momentum fading, and liquidation pressure persisting across the crypto market, ETF outflows accelerated and options traders increased volatility positioning. Several institutions warned that technical support above $90,000 remains fragile.
In the short term, markets are expected to remain highly volatile, while the medium-term trajectory will depend on the Federal Reserve’s liquidity stance. Investors should closely monitor policy signals and adjust risk strategies accordingly.
This recap highlights the key developments from last week and outlines the major trends to watch in the week ahead.
Market Pulse
- U.S. Bitcoin spot ETFs saw $1.111 billion in net outflows last week; Ethereum spot ETFs recorded $728 million in net outflows
- Harvard University held 6.81 million shares of IBIT in Q3, up 257.48% QoQ
- The first U.S. XRP spot ETF launched with no day-one inflow, followed by $243 million net inflow the next day
- The SEC issued post-shutdown processing guidance, potentially accelerating approval timelines for several crypto ETFs
- Tether plans to expand its lending business, offering up to $1.5 billion in credit to commodity traders
- Spain’s ACS Group and BlackRock-owned GIP announced a $26.8 billion data center partnership
Funding & M&A
A total of 10 funding events occurred last week, raising over $190 million across DeFi, AI, and infrastructure:
- Lighter, a crypto trading protocol, secured $68 million led by Founders Fund and Ribbit Capital
- Web3 AI security agent LISA closed a $12 million round
- Acurast raised $11 million to advance its mobile confidential computing mainnet
- Crypto startup Seismic raised $10 million in a round led by a16z crypto
- AI-powered social gaming project Kyuzo’s Friends raised $11 million
Policy & Compliance
- President Trump signed the bill to end the U.S. government shutdown
- The Czech National Bank became the first central bank to purchase Bitcoin
- EU regulators seek to tighten MiCA enforcement, with unified order books a focus
- The Hong Kong Monetary Authority announced the next phase of Project Ensemble, supporting tokenized deposits and real-world digital asset transactions
- Singapore MAS will pilot tokenized notes and advance stablecoin legislation
Echobit Highlights
- SAPIENUSDT futures trading campaign launches with $20,000 in dual rewards
- Echobit releases a puzzle challenge with a 200 USDT reward
- Echobit issues system upgrade and maintenance notice
- Echobit Candy Drop Round 3 Flash Edition goes live
- Echobit begins Round 3 of its RWA Ecosystem Lucky Draw
- Echobit November Futures Trading Competition officially starts
- Echobit and Zealy launch an exclusive November airdrop
- Echobit Pop Quiz Giveaway goes live
- Echobit launches the S15 World Championship celebration event
- Echobit Puzzle Challenge returns
Next Week Preview (Nov 17 – Nov 23)
- Devconnect 2025 will be held in Buenos Aires on Nov 17
- The UK High Court will hold another hearing on Nov 17 regarding the disposal of 60,000 BTC in the Zhiming Qian case
- The U.S. Accounting Board will discuss adding crypto-asset transfer accounting to its agenda on Nov 19
- Brazil’s Central Bank will discuss Bitcoin reserves and CBDC developments at its Nov 19–21 autumn meetings
- The U.S. Labor Department will release September non-farm payroll data on Nov 20
- Polkadot’s parachain slot will expire on Nov 20 and migrate to Ethereum L2
Echobit will continue to track global crypto developments, focusing on market trends, regulatory evolution, and investment opportunities to help you navigate every market cycle.