Flipster Crypto Weekly (October 31)

Market
Flipster Crypto Weekly (October 31)

Cautious Fed triggers market pullback, yet institutions remain unshaken

October 31, 2025

Crypto markets pulled back this week after a strong rally through mid-October, with BTC ending near $109K and ETH at $3.8K. Bitcoin dominance held steady around 60% as traders digested mixed macro signals, institutional headlines, and a new wave of tokenization and corporate activity.

The Fed cut rates by 25bps to 3.75–4.00%, ending quantitative tightening a month early but holding back on further guidance. Risk assets initially rose, but the hawkish tone on inflation erased most gains by week’s end.

Institutional Momentum

Momentum among major players stayed strong despite macro headwinds.

  • JPMorgan plans to let clients use BTC and ETH as collateral for loans by end-2025, expanding crypto’s role in mainstream finance. The bank also tokenized a private-equity fund on its proprietary blockchain, marking another step in real-world asset (RWA) adoption.

  • Strategy posted $2.8B in Q3 profit, but its NAV premium dropped to an 18-month low as accumulation slowed. The firm now holds 226,500 BTC worth ~$25B.

  • Securitize announced a $1.25B SPAC merger with Cantor Fitzgerald, targeting a Nasdaq listing under “SECZ.”

  • MetaMask parent Consensys is reportedly preparing for an IPO with JPMorgan and Goldman Sachs as lead underwriters.

Corporate & On-Chain Developments

Innovation and strategic positioning defined the week:

  • MegaETH’s public sale closed oversubscribed by 27.8x, reflecting continued appetite for scalable L2 infrastructure.

  • Western Union plans to issue USDPT, a Solana-based dollar stablecoin, as fintech and remittance firms re-enter the on-chain settlement race.

  • Polymarket confirmed a $POLY token and U.S. expansion, following ICE’s investment earlier this month.

  • Mastercard agreed to acquire ZeroHash for nearly $2B, signaling traditional payment rails’ deepening crypto integration.

Exchange & Trading Updates

  • Coinbase announced a $1.87B Q3 revenue beat, driven by higher institutional activity and a planned Echo acquisition to expand its token launch ecosystem.

  • Crypto.com applied for a U.S. national trust bank charter, aligning with its push into regulated financial services.

  • Blockworks shut down its news division amid cost restructuring, signaling a shakeout in crypto media.

Market Sentiment

Traders remain cautious into November as the market consolidates above $100K. Institutional inflows and RWA momentum continue to offset short-term macro pressure. With the Fed’s December meeting now pivotal, positioning has turned defensive, but structurally bullish trends in tokenization, stablecoin integration, and corporate adoption remain intact.

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