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Cryptocurrency valuations staged a humble betterment this week arsenic capitalist appetite for integer assets returned aft the caller marketplace crash.
In a metallic lining to the correction, the $19 cardinal liquidation lawsuit whitethorn beryllium seen arsenic a buying accidental by investors, a dynamic that could substance Bitcoin’s (BTC) emergence supra $200,000 earlier the extremity of the year, according to Standard Chartered’s planetary caput of integer assets research, Geoff Kendrick.
However, a lack of inflows from the US spot Bitcoin exchange-traded funds (ETFs) continues to bounds Bitcoin’s upside momentum.
Due to the deficiency of investment, Bitcoin is connected way for its worst October performance since 2013, the past clip it closed the historically bullish period successful the red.
Bitcoin ETF inflows, weekly, all-time chart. Source: Sosovalue.com$19 cardinal marketplace clang paves mode for Bitcoin’s emergence to $200,000: Standard Chartered
Bitcoin whitethorn inactive beryllium connected way to scope $200,000 by the extremity of the year, adjacent aft a grounds $19 cardinal marketplace liquidation and renewed tariff threats from US President Donald Trump, according to Standard Chartered’s planetary caput of integer assets research, Geoff Kendrick.
The crypto marketplace experienced a grounds $19 cardinal liquidation event connected the play of Oct. 10, which caused Bitcoin’s terms to dip to a four-month low of $104,000 by Friday, Cointelegraph reported astatine the time.
As the particulate settles aft the monolithic liquidation event, investors whitethorn spot it arsenic a buying opportunity. This dynamic whitethorn substance a Bitcoin rally to $200,000 by the extremity of 2025, Kendrick said. Despite the volatility, helium remained assured that Bitcoin volition rebound arsenic markets stabilize.
“My authoritative forecast is $200,000 by the extremity of the year,” helium told Cointelegraph during an exclusive interrogation astatine the 2025 European Blockchain Convention successful Barcelona.
Despite the “Trump sound astir tariffs,” Kendrick said helium inactive sees a terms emergence “well northbound of $150,000” successful the carnivore lawsuit for the extremity of the year, assuming the US Federal Reserve continues cutting involvement rates to conscionable marketplace expectations.
Hong Kong approves its archetypal spot Solana ETF up of US
Hong Kong approved its archetypal spot Solana ETF, marking the 3rd spot crypto ETF approved by the metropolis aft Bitcoin and Ethereum.
On Wednesday, the Hong Kong Securities and Futures Commission (SFC) granted support for the China Asset Management (Hong Kong) Solana ETF, which volition beryllium listed connected the Hong Kong Stock Exchange, according to a study by the Hong Kong Economic Times.
The merchandise volition see Chinese yuan counters and US dollar counters, meaning it tin beryllium traded and settled successful some currencies. Each trading portion volition dwell of 100 shares, with a minimum concern of astir $100. The money is expected to debut connected Monday.
The ETF’s virtual plus trading level volition beryllium operated by OSL Exchange, portion OSL Digital Securities volition service arsenic sub-custodian. ChinaAMC has acceptable a absorption interest of 0.99%, with custody and administrative fees capped astatine 1% of the sub-fund’s nett plus value, resulting successful an estimated yearly disbursal ratio of 1.99%.
Aave DAO proposes $50 cardinal yearly token buyback utilizing DeFi revenues
Aave’s decentralized autonomous enactment (DAO) introduced a connection to make a long-term, protocol-funded buyback programme that would usage up to $50 cardinal successful yearly gross to repurchase Aave tokens.
The proposal, submitted connected Wednesday by the Aave Chan Initiative (ACI), seeks to marque buybacks a imperishable constituent of Aave’s tokenomics. Under the plan, the Aave Finance Committee (AFC) and TokenLogic would pb the execution, repurchasing $250,000 to $1.75 cardinal successful Aave (AAVE) tokens weekly, depending connected marketplace conditions, liquidity and volatility.
If approved, the connection volition proceed done the Aave Request for Comment (ARFC) signifier for assemblage feedback, followed by a Snapshot ballot and last onchain governance confirmation. Unlike short-term marketplace interventions, the connection aims to institutionalize buybacks arsenic a recurring mechanism, making the DAO an progressive superior allocator.
The ACI said the programme builds connected the occurrence of different buyback initiatives. In April, Aave soared by 13% arsenic the assemblage approved a $4 cardinal token buyback.
Aave buyback programme connection summary. Source: Aave governanceChina’s fund AIs are trouncing ChatGPT and Grok astatine crypto trading
Chinese artificial quality models are outperforming their US counterparts successful cryptocurrency trading, according to information from blockchain analytics level CoinGlass, arsenic contention betwixt starring generative AI chatbots intensifies.
AI chatbots DeepSeek and Qwen3 Max, some developed successful China, led the ongoing crypto trading experimentation connected Wednesday, with the erstwhile being the lone AI exemplary to make a affirmative unrealized instrumentality of 9.1%.
Qwen3, an AI exemplary developed by Alibaba Cloud, came successful 2nd with a 0.5% unrealized loss, followed by Grok with a 1.24% unrealized loss, according to blockchain information level CoinGlass.
OpenAI’s ChatGPT-5 slipped to past place, with a nonaccomplishment of much than 66%, taking its archetypal relationship worth of $10,000 to conscionable $3,453 astatine the clip of writing.
The results person amazed crypto traders, fixed that DeepSeek was developed astatine a fraction of the outgo of its US rivals.
AI models, crypto trading competition. Source: CoinGlassDeepSeek’s occurrence came from betting connected the crypto market’s rise. The exemplary took leveraged agelong positions crossed large cryptocurrencies, specified arsenic Bitcoin, Ether (ETH), Solana (SOL), BNB (BNB), Dogecoin (DOGE) and XRP (XRP).
DeepSeek crypto portfolio connected Wednesday. Source: CoinGlassBNB wins “Uptober” amid Binance marketplace clang scrutiny
October is historically 1 of Bitcoin’s best-performing months, but this year, BNB is stealing the show.
“Uptober” — coined to picture Bitcoin’s typically bullish Octobers — began connected a precocious enactment this year, erstwhile the US authorities shutdown had conscionable begun. Now, arsenic Washington’s backing deadlock stretches past 3 weeks, that optimism has faded amid commercialized tensions and the aftermath of a historical liquidation event.
Meanwhile, BNB, the autochthonal token of Binance’s BNB Chain, has acceptable caller all-time highs doubly this month. The web is experiencing a surge successful memecoin trading and is competing straight with Hyperliquid successful the decentralized perpetuals marketplace done its Aster platform.
Although BNB has since retreated from its peak, it remains up astir 6% since the commencement of October. Still, these gains are acceptable against the backdrop of increasing scrutiny implicit Binance’s alleged relation successful the caller marketplace crash.
DeFi marketplace overview
According to information from Cointelegraph Markets Pro and TradingView, astir of the 100 largest cryptocurrencies by marketplace capitalization ended the week successful the green.
The Zcash (ZEC) privateness coin roseate implicit 33% arsenic the week’s biggest winner, followed by memecoin launchpad level Pump.fun’s (PUMP) token, up 26% during the past week.
Total worth locked successful DeFi. Source: DefiLlamaThanks for speechmaking our summary of this week’s astir impactful DeFi developments. Join america adjacent Friday for much stories, insights and acquisition regarding this dynamically advancing space.
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