Cryptocurrency markets plunged to multi-month lows as a broad risk-off rotation swept through financial markets, wiping out Bitcoin’s 2025 gains and triggering over $900 million in liquidations. The selloff reflects growing investor anxiety about macroeconomic uncertainties, including reduced expectations for Federal Reserve rate cuts and concerns about large tech companies’ AI spending, creating a perfect storm for digital assets that had shown resilience earlier in the year.
about Crypto Selloff Intensifies as Macro Fears MountJuan Leon
0 posts last weekBitcoin’s ‘Uptober’ Streak Ends With 3.69% Monthly Loss
Bitcoin’s historical ‘Uptober’ winning streak came to an abrupt halt this year as the leading cryptocurrency posted surprising monthly losses, breaking a six-year pattern of gains during what has traditionally been one of its strongest months. The digital asset finished October down 3.69%, sinking to $109,820 per coin—about 13% below its October 6 record high of $126,080—with analysts pointing to macroeconomic pressures and shifting monetary policy expectations as key drivers behind the unexpected downturn.
about Bitcoin's 'Uptober' Streak Ends With 3.69% Monthly LossFed Rate Cut Priced In, Bitcoin Eyes Powell Comments
Markets are overwhelmingly expecting the Federal Reserve to cut interest rates on Wednesday, but analysts say Bitcoin’s reaction may be muted as the move is already priced in. Instead, traders will be closely watching Fed Chair Jerome Powell’s post-announcement comments for clues about future monetary policy. Cryptocurrencies have rallied this week in anticipation, but the real market movement may come from Powell’s guidance rather than the rate decision itself.
about Fed Rate Cut Priced In, Bitcoin Eyes Powell CommentsFigure IPO Soars 24%, Fuels Tokenization Narrative
Figure Technologies’ IPO marked a major success for crypto-native firms, with shares closing at $31.11—24% above the $25 offering price—giving the company a $6.58 billion valuation. The company uses blockchain technology to streamline lending processes, reducing mortgage costs from $12,000 to $1,000 and cutting processing time from 45 days to just a few days. With $11.7 billion in outstanding loans, Figure is the largest private credit platform on-chain. Analysts see this IPO as advancing tokenization narratives among traditional investors and demonstrating real-world utility of blockchain technology beyond speculation. The debut occurred during the busiest U.S. IPO week since 2021, with Gemini scheduled to go public next.
about Figure IPO Soars 24%, Fuels Tokenization NarrativePowell Hints at Rate Cut, Bitcoin Rises 2.5%
Federal Reserve Chair Jerome Powell’s speech at Jackson Hole indicated a potential shift in monetary policy, suggesting the central bank may adjust rates if economic conditions warrant. Cryptocurrencies surged immediately following his remarks, with Bitcoin gaining 2.5% and Ethereum jumping nearly 7% within minutes. Powell acknowledged changing economic conditions and stated the Fed is not on a ‘preset course,’ while maintaining concerns about persistent inflation risks from tariffs. The speech marked Powell’s final Jackson Hole address as Fed chair, with markets now anticipating potential rate cuts at the September meeting despite inflation concerns remaining elevated.
about Powell Hints at Rate Cut, Bitcoin Rises 2.5%ETH Unstaking Queue Hits $3.7B, Threatens Price Stability
Ethereum’s validator exit queue has surged to a record 855,158 ETH ($3.7B), creating potential sell pressure as stakers look to unlock their holdings. The queue, which will take 15 days to clear, comes as ETH retraced from near all-time highs amid broader market uncertainty. Bitwise analyst Juan Leon explains that unstaking doesn’t typically cause crashes but can steadily pressure prices if new demand doesn’t offset the supply. Factors like stETH trading discounts and leveraged position unwinding could amplify selling. While not predicting a continued downturn, Leon notes the queue acts as a ‘steady tap’ of new supply that may weigh on ETH’s price momentum.
about ETH Unstaking Queue Hits $3.7B, Threatens Price StabilityBitcoin Firm Strategy Outperforms Goldman Sachs in Q2 2025
Strategy, a Bitcoin-centric firm led by Michael Saylor, posted a record $10 billion in net income for Q2 2025, outperforming traditional finance giants like Goldman Sachs ($3.7 billion) and Bank of America ($6.8 billion). The company’s Bitcoin holdings, now at 628,791 BTC, contributed significantly to its $13.2 billion in unrealized gains and 25% year-to-date return. Strategy also announced a $4.2 billion STRC offering, a high-yield preferred stock tied to Bitcoin’s performance, to fund further BTC purchases and operational expenses. The firm has raised its internal targets, aiming for a 30% annual BTC yield and $20 billion in unrealized gains by year-end.
about Bitcoin Firm Strategy Outperforms Goldman Sachs in Q2 2025XRP Outpaces Ethereum in Coinbase Retail Trading Q2
Coinbase’s Q2 shareholder letter showed XRP generating 13% of consumer transaction revenue, slightly ahead of Ethereum at 12%. This extended a trend from Q1, where XRP briefly surged to 18%. Overall transaction revenue fell 39% quarter-over-quarter to $764 million, missing analyst expectations. The SEC’s withdrawal of its appeal in the Ripple case provided legal clarity for XRP, boosting retail interest. However, Ethereum regained momentum in Q2 due to institutional inflows, ETF anticipation, and ecosystem developments. Analysts noted that retail sentiment on Coinbase remains highly price-driven, with narratives and macro cues influencing trading behavior more than sustained platform engagement.
about XRP Outpaces Ethereum in Coinbase Retail Trading Q2Solana Staking ETF Debuts with $12M Inflows
The Rex-Osprey Solana + Staking ETF debuted with $12 million in initial investments and $33.6 million in trading volume, according to Nasdaq data. The ETF, which stakes at least half its assets, represents a new phase for crypto in the U.S., as noted by Anchorage Digital CEO Nathan McCauley. Despite the launch, Bitwise’s Juan Leon pointed out weak institutional interest, with trading volume 82% below expectations based on SOL/BTC market caps. Solana’s price rose 4.6% to $153 but remains down 48% from its January peak. The SEC is expected to approve more crypto ETFs this year, with Anchorage Digital serving as custodian for this fund, mirroring its role in BlackRock’s Bitcoin and Ethereum ETFs. Unlike spot crypto ETFs, this product is structured under the Investment Company Act, requiring a qualified custodian like Anchorage.
about Solana Staking ETF Debuts with $12M InflowsGemini Files for IPO Following Circle’s Explosive Debut
Gemini, the crypto exchange, has officially filed to go public, following Circle’s explosive debut on the NYSE. Analysts advise investors to wait 90-180 days before buying CRCL shares to allow for price discovery and the end of lockup periods. Meanwhile, Strategy has upsized its perpetual preferred stock offering (STRD) to $1 billion, offering a 10% yield to fuel its Bitcoin acquisitions. The article also highlights the bullish sentiment for Ethereum due to Circle’s IPO and the recent surge in Bitcoin miner stocks.
about Gemini Files for IPO Following Circle's Explosive DebutUSDC’s Ethereum Dominance Boosts ETH Post-Circle IPO
Circle’s recent IPO has drawn attention to USDC’s heavy reliance on Ethereum, where over 50% of its $36.7B circulating supply is held. Analysts argue this concentration—driven by Ethereum’s DeFi prominence—positions ETH as a primary beneficiary of USDC’s expansion. While competitors like Solana host smaller USDC shares (13%), Ethereum’s scaling solutions (e.g., Arbitrum, Polygon) hold an additional $10B. The IPO may also spur investor interest in Ethereum’s role in stablecoin infrastructure, coinciding with steady inflows into spot ETH ETFs. Despite a 3% dip, ETH trades near $2,500, with Circle’s Treasury-backed model and Coinbase partnership adding to Ethereum’s bullish case.
about USDC's Ethereum Dominance Boosts ETH Post-Circle IPOGemini Files Confidential IPO Draft as Circle’s Shares Soar
Gemini, the crypto exchange founded by the Winklevoss twins, has submitted a confidential draft registration for an IPO with the SEC. The filing comes amid favorable market conditions, with Circle’s recent NYSE debut serving as a catalyst. Circle’s shares (CRCL) skyrocketed after listing, hitting an all-time high of $123.52, signaling strong investor demand for crypto-related stocks. Analysts suggest that Circle’s performance could encourage more crypto firms, including Kraken, to pursue public listings. Gemini’s IPO timing reflects a strategic move to capitalize on the current equity market enthusiasm for digital asset companies.
about Gemini Files Confidential IPO Draft as Circle's Shares Soar