In the last week of October, the cryptocurrency market has not witnessed any further recovery from major cryptocurrencies, meaning that Bitcoin's 6-year Uptober chain has been broken, despite the improvement in US-China trade relations and the Fed cutting interest rates as predicted by experts.
However, the bright spot this past week was the massive introduction of stablecoin initiatives by many traditional US giants, showing that adoption is increasing and the game is gradually shifting towards the institutional level.
Let's review all the crypto movements of the week with Coin68 to make sure you don't miss any important news!
Top cryptocurrencies' movements over the past 7 days, Coin360 screenshot at 09:00 AM on 02/11/2025
📄 News
Focus 🔥
- Bitcoin chain chain Uptober:
- Fed cuts interest rates by 0.25%, does not commit to further adjustments next month
- Traditional giants rush to announce crypto initiatives:
- IBM launches digital asset platform for governments and organizations
- Western Union Launches Its Own Stablecoin USDPT on Solana
- Visa Expands Support for 4 Stablecoins on 4 Different Blockchains
- Mastercard in talks to acquire stablecoin company Zerohash for $2 billion
- Buy crypto:
- BTC: Strategy ( 43.4 million USD )
- ETH: BitMine ( 319 million USD )
- Vietnam Crypto BingX Survey 2025 - Opportunity to receive attractive rewards from BingX
Big Cap 💎
- Zcash (ZEC)Surges 30% After Arthur Hayes Post
- BNB Chain burns over $1.2 billion in the 33rd BNB burn
- ETFs of LTC, SOL and HBAR listed on US stock exchange , achieved modest volume on the first day
- CZ statue to be sculpted in US after Trump's pardon
- Notable Token unlocks in November 2025
DeFi and Layer 2 🦄
- Perp DEX Lighter exchange has a "rare" incident that causes the price of HYPE to increase to 98 USD
- DYDX plans to "land" in the US market
Memecoin, Non-Fungible Token, GameFi, Metaverse and SocialFi 🖼 🎮🌐
Large organizations 💰
- ConsenSys prepares for IPO, picks JPMorgan and Goldman Sachs as partners
- Mt. Gox postpones debt repayment for another year, the "ghost" of 850,000 BTC cannot disappear
- SharpLink deploys $200 million ETH to Linea, optimizing treasury yields
- ETHZilla sells ETH to “save” stock price - Metaplanet also starts buyback
Legal and Reception ⚖️
- Kyrgyzstan launches national stablecoin, creates crypto treasury & recognizes CBDC
- Japan launches first Yen stablecoin - JPYC
- Australia tightens stablecoins, crypto businesses have 8 months to apply for a license
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