Muted Market Movements From Rate Cut and Trade Talks
Hello SnapShotters,
Even with much of Washington still frozen by the ongoing government shutdown, a glut of altcoin ETFs hit the market. Bitwise has launched the first U.S. Solana Staking ETF (BSOL) on the New York Stock Exchange (NYSE), following the approval of the ChinaAMC Solana ETF in Hong Kong. Canary Capital rolls out Litecoin and Hedera ETFs on Nasdaq, and Grayscale prepares its Solana Trust ETF.
Spot BTC ETFs recorded US$446 million in net inflows last week, reversing the previous week’s $1.2 billion outflow, while ETH ETFs saw outflows of $244 million, a modest improvement from the week before. After an early-week strong start that saw BTC touch $115,000 and ETH $4,200, the market retraced after the Federal Reserve’s (Fed) 25-basis-point rate cut.
Instead of rallying, markets sold off as U.S. Fed chair Jerome Powell remarked that further easing in December was not guaranteed. Beneath the surface of turbulent prices, ETF inflows and debuts tell a different story, suggesting that institutions may be positioning for the long game.
Those who wish to stay on top of the latest price movements and market data now have one convenient tool at their disposal: the Crypto Market Data by Crypto.com MCP, which will enable users to pull real-time crypto prices and analytics directly through ChatGPT or Claude once set up.
At the same time, Crypto.com has made a new stride in the partnership with Truth Social, by launching the first ever prediction market housed within a social platform.
Here are the week’s top stories as we dive into the penultimate month of 2025.
Note: Market prices captured in USD at the time of sending. Explore more on Crypto.com/Price.
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💬 Truth Social Partners with Crypto.com for Prediction Markets
Trump Media’s Truth Social will become the first social media platform to integrate prediction markets, through an exclusive partnership with Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange. The feature, called Truth Predict, will let users trade contracts tied to events like elections, inflation, commodities, and sports outcomes — all within the Truth Social app. Users will also be able to convert Truth gems into Cronos (CRO) to participate.
🏛️ Crypto.com Applies for National Trust Bank Charter
Crypto.com is the latest major exchange to apply for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC). The national trust bank charter would enhance its custody and staking services, including those for institutional clients and digital asset treasuries.
🧩 Ethereum’s Fusaka Upgrade Passes Final Test
Ethereum has completed its final Hoodi testnet run for the upcoming Fusaka upgrade, clearing the way for a mainnet launch tentatively set for December 3. The update introduces PeerDAS, a key step toward improving scalability and lowering costs for developers and Layer-2 networks. Fusaka follows April’s Pectra upgrade and sets the stage for Ethereum’s next hard fork, Glamsterdam.
🟣 First U.S. Solana ETF by Bitwise
Bitwise debuted the Bitwise Solana Staking ETF (BSOL) on the NYSE this past week, the first U.S. spot SOL ETP that stakes its holdings (targeting 100% participation) while trading on a regulated venue.
📈 Litecoin and HBAR ETFs to Debut on Nasdaq
Canary Capital has launched the first U.S. ETFs tracking Litecoin (LTC) and Hedera (HBAR) on Nasdaq, marking another milestone for altcoin-based investment products. It follows recent SEC guidance clarifying ETF registration amid the government shutdown.
🧭 Early November: “Magnificent 7” Earnings Kick Off
The “Magnificent 7” tech cohort — Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla — head into earnings season in early November under scrutiny. They make up the bulk of index momentum; with analysts expecting lower growth than in previous years, the results will signal whether tech remains a tailwind for risk assets or becomes a stumbling block.
Source: Bitwise
BTC Options Open Interest Clinches Record Highs
Bitcoin options open interest has surged to a new all-time high above $65 billion, mirroring BTC’s climb past $120,000. The data shows derivatives activity expanding in tandem with spot prices, underscoring rising institutional participation and hedging demand.
While open interest previously spiked ahead of major price peaks — notably in April 2021 and November 2021 — this current cycle shows steadier, more sustained growth. The divergence between open interest and BTC price has narrowed since mid-2024, suggesting a maturing market structure with deeper liquidity and more balanced leverage.
As of October 26, 2025
Sources: CoinGlass, Crypto.com Research
What was the first tweet to ever mention “Bitcoin”?
A) “Just setting up my twttr”
B) “Running Bitcoin”
C) “Buy Gold. Buy Bitcoin.”
Find the correct answer at the end of this newsletter. 👇
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January Futures 2026 Are Now Live
BTCUSD and ETHUSD January 2026 Futures are now live on the Crypto.com Exchange. Trade with full leverage control, instant USDC settlement, and lower fees.
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Meteora (MET)
Meteora is a decentralized liquidity protocol and DEX on Solana, aiming to tackle DeFi liquidity fragmentation via dynamic market makers and dynamic bonding curves for trading, yields, and token launches.
This is informational content only and should not be considered as an investment recommendation. Some Crypto.com products may not be available in some jurisdictions.
What Is Solana (SOL)?
Hong Kong made history by approving Asia’s first Solana ETF, but what exactly is Solana (SOL)?
Solana is a high-performance blockchain built to process thousands of transactions per second with low fees, making it a top contender for scalable decentralized apps (dapps), NFTs, and DeFi projects.
How It Works:
Solana’s speed, affordability, and developer adoption have made it one of the most vibrant ecosystems in crypto — and the focus of major institutional interest with the launch of new ETFs.
Take a closer look in this University article.
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Fraudsters Pose as Advisers in US$480,000 Canadian Crypto Scam
A Canadian woman lost her life savings in a crypto investment scam after being deceived by fraudsters posing as financial advisers.
She transferred over CA$671,000 (US$480,000) in digital assets through NDAX to an external wallet for an online investment scheme. Compliance officers repeatedly reached out with written risk disclosures, follow-up calls, and direct warnings. Despite these alerts, she proceeded with the withdrawals and ultimately lost the entire amount to the scam.
How to keep funds safe:
B) “Running Bitcoin” ✅
The tweet was posted by Hal Finney in 2009, just days after receiving the first BTC transaction from Satoshi Nakamoto.
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