Weekly Recap | Market Crash, Institutional Moves, and Echobit’s Latest Upgrade
2025.10.13
Week in Review (Oct 6 – Oct 12)
The crypto market faced a historic downturn last week, with over $500 billion wiped from total market capitalization and $19 billion in liquidations within 24 hours.
The immediate trigger was Trump’s 100% tariff announcement, which spurred a broad selloff across risk assets. However, deeper structural issues—particularly the USDe depeg—caused a chain of forced liquidations across exchanges.
Volatility has since eased, with Bitcoin rebounding to $115,000 and Ethereum surpassing $1,400 again.
Looking ahead, several key macro events could shape market sentiment:
Fed Chair Jerome Powell’s upcoming speech
FOMC voter and Philadelphia Fed President Patrick Harker’s remarks
The Fed’s Beige Book release
This recap highlights last week’s top industry developments and previews what’s next for global crypto markets.
Market Pulse
Morgan Stanley GIC to enable crypto allocations for advisors and clients
AI startups have raised over $192.7 billion globally this year
SharpLink reports over $900 million profit since adopting ETH treasury strategy in June
BlackRock’s Bitcoin ETF nears $100 billion in AUM, becoming its most profitable product
U.S. inflation expectations rise to 3.38% (from 3.20%) in September
Deutsche Bank research suggests central banks may hold Bitcoin and gold as reserves by 2030
Funding & M&A
22 funding deals were announced last week, totaling over $2.5 billion, mostly in DeFi, Web3+AI, and infrastructure:
Block Street, tokenized stock infrastructure, raised $11.5M led by Hack VC
Yuma, a decentralized AI studio, launched an asset management arm with $10M from DCG
Coinflow, a stablecoin startup, raised $25M in a Series A led by Pantera
TransCrypts, blockchain identity platform, raised $15M in seed funding led by Pantera Capital
CipherOwl, crypto security firm, raised $15M from Coinbase Ventures and others
Fanable, collectibles trading platform, secured $11.5M backed by Polygon
Policy & Compliance
Vietnam limits its crypto pilot program to five licensed exchanges
China’s central bank increases gold reserves for the 11th consecutive month
India prepares to launch an RBI-backed digital currency
SEC Chair confirms plans to introduce an “Innovation Exemption” by late 2025 or early 2026
Hong Kong’s SFC and HKMA allow intermediaries to offer virtual asset staking services
The Bank of England to exempt proposed corporate stablecoin holding limits
Echobit Highlights
Echobit x HEMI New Listing Deposit Challenge
Echobit x 0G New Listing Trading Challenge
Mid-Autumn Lucky Draw featuring iPhone 17 Pro Max & 50,000 USDT Rewards
Echobit x Fableration Partnership Giveaway
Echobit x Fableration x PlayEstates x Creditslink Web3 Creator Co-Build Festival
Echobit x MimboNode Partnership Giveaway
Echobit Chart Prediction Challenge
Echobit x MimboNode Strategic Partnership Announcement
Echobit Product Update v1.1.9 Released
Echobit Adds USDT Margin Option for Perpetual Futures
Looking Ahead (Oct 13 – Oct 19)
Japan’s new Prime Minister takes office on Oct 15, expected to advance crypto and blockchain regulation
Morgan Stanley lifts restrictions on crypto fund holdings for wealth clients (effective Oct 15)
SEC delays Bitwise and 21Shares’ Solana ETF decision to Oct 16
U.S. SEC’s Crypto Task Force to host a Financial Regulation and Privacy Roundtable on Oct 17
U.S. Treasury seeking comments on stablecoin regulation under the GENIUS Act (deadline Oct 17)
Grayscale’s XRP ETF proposal published in the Federal Register; SEC decision due Oct 18
Echobit will continue tracking key market trends, regulatory shifts, and investment movements—helping you stay ahead through every market cycle.