Weekly Recap｜Bitcoin Hits New ATH Above $125K, NFT Volume Soars 95%
2025.10.06
Last Week in Review (September 29 – October 5)
Last week, the crypto market surged as Bitcoin broke above $125,000, setting a new all-time high and reigniting investor optimism. Major sectors including DeFi, AI, and Layer 1 ecosystems saw strong rebounds, reflecting growing market confidence.
Analysts suggest that Bitcoin’s breakout, combined with supportive macro liquidity, could pave the way for continued momentum in the coming weeks.
Meanwhile, data from CryptoSlam shows that NFT trading volume skyrocketed by 95.23%, reaching $257.4 million, marking one of the strongest weeks for the digital collectible sector this year.
However, the ongoing U.S. government shutdown caused delays in key financial reports, including September’s non-farm payroll data, and disrupted normal operations at the SEC, slowing progress on several highly anticipated spot ETF filings for Litecoin (LTC), Solana (SOL), and XRP.
Here’s your quick recap of last week’s major crypto developments — plus a look at what’s ahead this week.
Market Pulse
- Digital asset investment products saw $5.95B in net inflows last week, according to CoinShares.
- Bitcoin spot ETFs recorded $3.24B in inflows — the second-highest weekly level on record.
- Token2049 removed references to sanctioned ruble stablecoin A7A5 from its website.
- Weekly NFT trading volume jumped 95% to $257.4M.
- Shibarium announced plans to relaunch its Ethereum bridge and offer user compensation.
- The Ethereum Foundation reportedly sold 21,000 ETH over the past three months.
- Tether is raising $200M to expand its tokenized gold product, XAUT.
- Applications for Solana, XRP, Cardano, and Ethereum staking ETFs have been withdrawn.
- Bit Digital plans to raise $100M through convertible notes to fund ETH staking and infrastructure.
Funding & M&A
A total of 10 funding deals were recorded last week, raising over $300M, with strong focus on DeFi, AI, and infrastructure:
- Talus Network, a decentralized AI agent infrastructure layer, raised over $10M in cumulative funding.
- Bitcoin lending platform Lava raised $17.5M with participation from former Visa and Block executives.
- Web3 social platform X.me secured $30M led by Tido Capital.
- KGeN, a Web3 gaming engine, raised $13.5M led by Jump Crypto and others.
- Payment infrastructure provider xMoney raised $21.5M in strategic funding led by the Sui Foundation.
Policy & Compliance
- The U.S. Senate is reviewing a bill that would exclude video game assets from digital commodity regulations.
- Wisconsin introduced the “Bitcoin Power Bill (AB471)” to promote state-level crypto adoption.
- Turkey is drafting regulations allowing authorities to freeze both bank and crypto accounts.
- The SEC confirmed in a letter that DoubleZero’s 2Z token is not classified as a security.
- Société Générale’s crypto division deployed euro and USD stablecoins on Uniswap and Morpho.
Echobit Highlights
- New Listing: $HEMI/USDT spot pair is live — trade to share 10,000 USDT in rewards.
- Futures Event: Join the $0GUSDT campaign to share 20,000 USDT in prizes.
- Mid-Autumn Giveaway: Win an iPhone 17 Pro Max and share 50,000 USDT in total rewards.
- Community Collaboration: Echobit partnered with Fableration for an exclusive giveaway.
- Web3 Creator Co-Build Festival: In partnership with Fableration, PlayEstates, and Creditslink, Echobit empowers creators to grow and collaborate across the Web3 ecosystem.
Looking Ahead (October 6 – October 12)
- 🇬🇧 The UK FCA will open retail access to crypto ETNs starting October 8.
- 🇨🇳 The China Securities Regulatory Commission (CSRC) will allow qualified foreign investors to trade ETF options beginning October 9.
- 🇺🇸 The U.S. Federal Reserve will release minutes from its Monetary Policy Meeting on October 9.
- 🇭🇰 The Hong Kong Monetary Authority (HKMA) is consulting local banks on crypto asset classification standards, with feedback due October 10.
Echobit will continue to track global crypto developments — from market movements to policy shifts and investment trends — helping you stay ahead through every market cycle.