Weekly Recap｜Crypto Market Returns to Volatility as Industry Stocks Drop Amid Policy Shifts and Liqu
2025.11.11
Weekly Overview (Nov 3 – Nov 9)
Last week, risk aversion dominated the digital asset market as weak macro data, U.S. government shutdown fears, and the lingering impact of October’s $19 billion liquidation dampened investor sentiment. Crypto-related equities faced notable pressure, with sector-wide stock declines.
Bitcoin briefly fell below the key $100,000 support level before rebounding over the weekend, accompanied by recoveries in Ethereum, Solana, and other major assets.
This recap highlights last week’s key developments in the crypto industry and previews the upcoming market trends and policy shifts.
Market Pulse
- U.S. spot Bitcoin ETFs recorded $1.208B net outflows; Ethereum ETFs saw $507M outflows
- U.S. Senate approved the procedural vote to end the government shutdown
- Coinbase Institutional Report: October’s selloff marks a bottoming phase before the next rally, not a market top
- Trump announced a plan to distribute at least $2,000 in tariff dividends to Americans
- Over 4.64M BTC moved from dormant wallets this year, valued at over $500B
- Trump Media & Technology Group posted a $54.8M Q3 loss; currently holds over 11,500 BTC
- Re7 Labs released a detailed report on the xUSD depeg incident
- Michael Saylor shared a Bitcoin Tracker update, hinting at new purchase disclosures next week
- Grayscale announced zero management fees for its Solana ETF until AUM reaches $1B
Funding & M&A
A total of 13 funding deals were recorded last week, exceeding $800M in aggregate, primarily in DeFi, AI, and infrastructure:
- Bitcoin lending platform Lava raised $200M through combined venture and debt financing
- Crypto trading app Fomo secured $17M in Series A funding led by Benchmark
- Web3+AI browser project Donut Labs completed a $15M seed round backed by Hack VC and others
- Ripple announced a $500M strategic investment, valuing the firm at $40B
- Crypto infrastructure firm Commonware raised $25M led by Tempo, a Stripe-backed startup
Policy & Compliance
- The Bank of England proposed a £20,000 cap on individual stablecoin holdings
- The U.S. CFTC may allow stablecoins to be used as tokenized collateral in derivatives markets
- China’s State Council announced the suspension of additional tariffs on certain U.S. imports
- Standard Chartered to launch Bitcoin and Ethereum custody services in Hong Kong next year
Echobit Highlights
- Hosted the Halloween Contract Carnival
- Launched the Fear or Greed Halloween Duel Event
- Held a Halloween Night Treasure Hunt with a 500 USDT prize pool
- Released Candy Drop Round 3 Flash Event
- Introduced the Rekt-To-Resurrection Challenge
- Hosted the Matchstick Puzzle Contest
- Opened the RWA Ecosystem Month Round 3 Lucky Draw
- Announced the Candy Drop Final Surprise Round
- Organized the Mystery Puzzle Giveaway
- Hosted the LoL World Championship Themed Event
- Launched the November Contract Trading Competition
- Partnered with Zealy for an exclusive November Airdrop Campaign
Next Week Preview (Nov 10 – Nov 16)
- Immunefi (IMU) token sale starts on Nov 12
- Yuga Labs to launch the Otherside metaverse on Nov 12
- Curve Finance emergency multisig proposal voting ends on Nov 12
- SharpLink (ETH treasury firm) to release Q3 results on Nov 13
- ETHZilla to publish Q3 financial report on Nov 14
- U.S. SEC to review Franklin’s spot XRP ETF filing on Nov 14
Echobit will continue to track global crypto developments — from market movements and regulatory shifts to funding trends — helping you stay ahead through every market cycle.