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The crypto market faced a sudden wave of institutional profit-taking this week, causing a widespread price correction that briefly dipped the total market capitalization below the 3.7 trillion dollar mark. Sentiment remains brittle ahead of key macroeconomic reports, specifically the delayed September CPI data. Bitcoin's recent rally was capped near the 111,000 dollar resistance level before sellers took control, driving the asset down 2.1% to settle around 109,050 dollars. Meanwhile, Ethereum's performance mirrored BTC, sliding 2.4% to trade just below the psychological 4,000 dollar support, now at 3,930 dollars.
The broader altcoin market saw deeper losses as capital flowed out of risk-on assets. Solana SOL plunged over 4%, and XRP continued its struggle for momentum, dropping 3.5%. Despite the broad weakness, institutional buying remains net positive for the month of October, suggesting that this move is more of a necessary correction due to high leverage and macro uncertainty, rather than a structural bear shift. The market is now consolidating, keenly awaiting the Federal Reserve's next signal regarding interest rate policy.
Highlights Of The Week
Canada Bans New Mining Connections: British Columbia's government is moving to ban new crypto mining connections to its hydro power grid, citing "unprecedented electricity demand" and aiming to help the state-owned utility, BC Hydro, address power availability. This regulatory move counters the long-standing argument from analysts that this approach stifles economic development.
Coinbase Spends $25M on a Podcast NFT: Crypto exchange Coinbase made headlines by spending $25 million to acquire and "burn" a non-fungible token (NFT) with the express purpose of reviving the popular crypto podcast, UpOnly. CEO Brian Armstrong confirmed the news, signaling strong bull market confidence and a focus on community and content.
Bitcoin Miner CleanSpark Expands to AI: CleanSpark, the fifth-largest Bitcoin mining company by market capitalization, saw its shares surge over 13% after announcing a strategic expansion into AI data center infrastructure. This move reflects a broader trend among large miners to diversify revenue streams and strengthen long-term cash flow amid post-Halving margin pressures.
US Government Shutdown Nears End: A White House economic adviser indicated that the three-week-long US government shutdown is "likely to end sometime this week." If confirmed, this development could restart crucial regulatory progress in the digital asset space, removing a major source of policy uncertainty.
Polygon Boss Questions Ethereum Loyalty: Polygon co-founder Sandeep Nailwal publicly criticized Ethereum’s leaders for dismissing Polygon’s status as a true Layer 2, noting the network’s significant contributions to the Ethereum ecosystem. This debate highlights rising tensions and ideological disagreements within the broader Ethereum scaling landscape.
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Top Weekly Gainers
Volatility often makes investment decisions opaque, but these Top Weekly Gainers slice through the noise, offering seasoned traders clear signals of potent growth and powerful market narratives. Their explosive performance is a direct result of keen strategic moves and timely analysis.
Leading the pack is Coin Stock (STOCK), which has soared by an astounding 823.95% over the past seven days, now trading at 140.92 dollars with a current volume of 3.43 million dollars. This massive surge in the exchange's stock-related instrument reflects a bullish rotation of capital back into publicly-traded crypto infrastructure plays.
Following closely is Tensora (TORA), an innovative platform that gained 548.79% over the week, reaching a price of 0.001919 dollars with 3.91 million dollars in trading volume.
Axolotl Token (AXOME) increased by an impressive 524.58%, now priced at 0.001393 dollars and supported by a 3.44 million dollar volume. The high volatility here suggests strong speculative interest.
In the institutional investment category, BlackRock's IBIT saw a massive inflow, leading to a 331.86% surge in its asset-linked tracker to 0.09041 dollars, with a volume of 5.68 million dollars.
MicroStrategy-related MSTR also showed immense strength, gaining 327.06% to 1.43 dollars on 5.89 million dollars in volume, underscoring the relentless institutional appetite for Bitcoin-adjacent vehicles.
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Top Weekly Losers
Every market correction produces notable losses, offering a stark reminder of crypto's volatility and revealing where market sentiment is truly broken. These Top Weekly Losers, while painful for some, provide astute investors with potential buying opportunities and a chance to reassess core narratives.
Leading the decline is the Artificial Superintelligence Alliance (FET), which fell by a steep 22.32% over the past seven days. Priced at 0.2631 dollars, the token was hammered by news of Ocean Protocol’s abrupt exit from the ASI Alliance, triggering a major governance dispute and market uncertainty. Despite the drop, FET still recorded a 24-hour volume of 152.73 million dollars.
Following closely is PancakeSwap (CAKE), a core DeFi platform and decentralized exchange (DEX), which dropped 19.21%, bringing its price down to 2.75 dollars. The correction comes despite a constant flurry of new token launch announcements via its CAKE.PAD, suggesting the broader market correction is overriding platform-specific bullish catalysts. CAKE maintained significant market activity with a trading volume of 306.58 million dollars.
Aster (ASTER) also saw a sharp correction, declining by 18.23%. Now trading at 1.10 dollars, the token suffered due to community disappointment and massive selling pressure following a heavily anticipated but poorly received token airdrop. The controversy was compounded by earlier accusations of inflated trading volume, keeping market confidence fragile. Aster registered a high 24-hour trading volume of 639.26 million dollars.
SPX6900 (SPX), a satirical memecoin targeting traditional finance structures, slid by 16.38%, bringing its price to 0.9762 dollars. This move reflects a retreat from riskier, high-beta assets during periods of macro uncertainty. The token registered a weekly volume of 33.69 million dollars.
Rounding out the top five losers is Story (IP), a Layer 1 blockchain engineered specifically for intellectual property and the AI economy. It fell 16.33%, now trading at 5.33 dollars on a 24-hour volume of 58.77 million dollars, likely feeling the generalized pullback from the AI-narrative tokens this week.
Hot ICOs To Watch Out For
Active ICOs
Currently, the most anticipated initial coin offerings are running "Points Farming" campaigns, a popular method for rewarding early users ahead of a full token launch. These projects, often referred to as "restaking giants," have commanded massive valuations and raised significant capital.
Leading the charge is EigenLayer, a pioneering liquid restaking protocol that has raised an astounding 234.4 million dollars and boasts a pre-valuation of 1.85 billion dollars. This project is at the forefront of Liquid Staking Protocols and continues to attract significant investor interest, having been active since June 14, 2023.
Another major player is Symbiotic, which is also in a Points Farming round. It has successfully raised 34.8 million dollars, commanding a respectable 300 million dollar pre-valuation. Like EigenLayer, Symbiotic operates within the Liquid Staking Protocols category, demonstrating the continued hot trend in decentralized finance infrastructure.
Lastly, Babylon is actively conducting its Points Farming round, having already secured 93.3 million dollars against a 339.25 million dollar pre-valuation since its launch on October 8, 2024. Babylon is notable for its focus on the Blockchain category and its goal of leveraging Bitcoin's trust layer for general security.
Upcoming ICOs
Looking ahead, several highly anticipated token launches are set to kick off soon, representing the next wave of capital formation in the crypto ecosystem.
The most prominent upcoming token generation event (TGE) is for Story Protocol (IP), which is currently in a Private Stage round. This highly-rated project has already secured a massive 216.3 million dollars in funding and commands a staggering 5.42 billion dollar pre-valuation. Story Protocol is a next-generation Layer 1 focused on tokenizing intellectual property, positioning it as a foundational piece of the future creator and AI economy.
Next up is Debank (DEBANK), another top-tier project currently preparing for its TGE and Distribution phase. Debank has already raised 25 million dollars from investors and is a leading player in the Blockchain Service category, best known for its portfolio tracking and social features within DeFi.
Finally, Almanak (ALMANAK) is gearing up for its TGE and Distribution phase, having raised 9.45 million dollars against a 43 million dollar pre-valuation. Almanak is focused on the Decentralized Finance (DeFi) category, providing specialized tools and infrastructure to enhance on-chain capital efficiency and risk management.
Ended ICOs
The "Ended ICOs" section offers crucial retrospective insights into recent token launches, highlighting performance and market reception.
Topping the list for return on investment (ROI) is Plasma (XPL), an Airdrop that concluded on September 25, 2025. Plasma saw a spectacular 8.08x return for early participants, having raised 74 million dollars with a pre-valuation of 3.91 billion dollars. Its success underscores the current market appetite for projects focused on the Blockchain category.
Next, Yield Basis (YB), which held a Binance Wallet Sale on October 13, 2025, delivered a strong 4.17x ROI. This DeFi project raised 12.5 million dollars against a 391.5 million dollar pre-valuation, showing that quality projects in the decentralized finance space continue to reward early investors.
Finally, Story Protocol (IP), which previously had a Testnet phase ending on August 1, 2024, showed a promising early ROI of 2.37x. Despite the Testnet raising a massive 216.3 million dollars at a 5.42 billion dollar pre-valuation, the modest return on its earliest stage suggests a highly efficient market pricing in its potential as a dominant Blockchain asset.
No, it's not Nvidia… It's Mode Mobile, 2023's fastest-growing software company according to Deloitte.
Their EarnPhone has helped users earn and save over $325M, driving $75M+ in revenue and an eye-popping 32,481% revenue growth. And having secured partnerships with Walmart and Best Buy, Mode's not stopping there…
Like Uber turned vehicles into income-generating assets, Mode is turning smartphones into an easy passive income source. The difference is, accredited investors still have a chance to invest in Mode's pre-IPO offering at $0.50/share.
They've just been granted the stock ticker $MODE by the Nasdaq and over 56,000 investors participated in their previous rounds.
$60M+ already invested — claim your stake at $0.50/share and earn up to a 120% bonus.
Disclosure: This offer is only open to accredited investors. Please read the offering circular and related risks at invest.modemobile.com/elite
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Hottest Airdrops
Hottest Airdrops The hunt for free tokens is back, and these airdrop opportunities blend trading incentives with simple actions, allowing you to earn a share of massive reward pools.
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dYdX Surge Program & Competitions dYdX is running multiple campaigns through October 31, 2025, offering up to 100% fee rebates, a share of a 1 million dollar DYDX prize pool, and $100,000 in competition prizes for trading.
Setup dYdX Account: Create an account on the dYdX platform and connect a compatible crypto wallet.
Start Trading as Taker: Execute trades that remove liquidity from the order book (typically market orders) to participate in the Surge Program.
Maximize Rebates: Trade via the dYdX web, mobile app, or the Pocket Pro Telegram bot to qualify for the 100% fee rebate and the full prize pool.
Join Competition: Deposit a minimum of 15 dollars in USDC (Arbitrum) or SOL/USDC (Solana) into the Pocket Pro Bot to compete individually or join a squad for the $100,000 PnL and Volume competitions.
Check Leaderboards: Monitor your ranking on both the Surge Program and Pocket Pro leaderboards to track your progress and potential rewards.
Receive Rewards: DYDX tokens are automatically distributed at the end of each monthly season based on your leaderboard ranking—no manual claim needed.
UR Loyalty & USDe Rewards
UR Loyalty & USDe Rewards UR is offering a simple path to passive income on stablecoins and bonuses through a straightforward registration and referral program.
Create & Verify: Visit the UR registration page, create an account, and complete the KYC process to unlock Pro membership and referral rewards.
Fund Account: Deposit funds into your UR account via bank transfer (SEPA, SWIFT) or by transferring crypto from Ethereum or Arbitrum.
Activate Referral: Make your first transaction of at least 5 dollars to activate your referral reward (if applicable).
Acquire USDe: Purchase USDe (e.g., on Binance) and transfer it to your UR wallet on the Mantle Network (or swap directly in the app).
Hold for APY: Maintain your USDe balance; rewards of up to 5% APY are calculated automatically and credited weekly without any staking or bridging action required.
Refer & Earn: Refer qualified users (KYC completed + 5 dollars minimum spend) to earn a 5 dollar reward per referral, with no earning limit.
Best Regards,
Crypto Recorder Team
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Disclaimer: Legal Stuff: Stocks and cryptos featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks and cryptos featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.
