Flipster Crypto Weekly (October 10)

BTC hits new all-time highs as market broadens

October 10, 2025

BTC pushed to new all-time highs above $126K this week, with ETH climbing near $4.7K before cooling alongside equities. Bitcoin dominance hovered near 59% as traders positioned around Friday’s upcoming $SOL ETF decision, with most of Asia on holiday and U.S. macro uncertainty in focus.

Capital and institutional flows

ETF optimism and fresh inflows continued to support momentum. Mining stocks surged 10–23% as BTC’s breakout lifted Hive, Bitfarms, and Riot. Galaxy Digital launched GalaxyOne, a unified trading app for U.S. users, while Ondo Finance acquired Oasis Pro to secure SEC broker-dealer licenses. ICE, the NYSE parent, announced a $2B investment in Polymarket, valuing it at roughly $9B, a strong institutional signal for on-chain prediction markets.

Ecosystem and innovation

MetaMask introduced “Ways to Earn,” expanding wallet utility with new yield opportunities. MetaMask Mobile also rolled out perpetual trading powered by Hyperliquid, signaling a growing overlap between DeFi and derivatives. Meanwhile, Ethena partnered with Jupiter to issue JupUSD, a Solana-native stablecoin designed to complement its sUSDe system.

BNB Chain dominated retail narratives, surpassing XRP as the third-largest crypto at a $182B market cap. Transaction counts hit 26M daily as memecoins like Four.Meme generated $1.4M in daily revenue, briefly outpacing Solana’s pump.fun. YZi Labs also announced a $1B Builder Fund, further fueling developer activity on BNB Chain.

Regulation and policy

Senate Democrats proposed new DeFi regulations that could classify developers, operators, and high-volume users as regulated intermediaries, a move facing significant Republican and industry backlash. The ongoing U.S. government shutdown continues to delay the crypto market structure bill, though regulatory cooperation seen earlier between the SEC and CFTC remains a positive long-term signal.

Outlook

Markets ended the week softer but structurally strong. ETF flows, institutional product launches, and increasing DeFi integration across L1s suggest continued rotation into digital assets even as macro uncertainty lingers.

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