Arp's Crypto Digest

General Digital Asset Market View:

The week opened with a short-lived recovery in the cryptocurrency market following a $19 billion crash earlier in the month. Optimism around easing trade tensions briefly lifted sentiment, but Bitcoin ETFs registered $470 million in outflows midweek despite a 25 bps Federal Reserve rate cut. The lack of progress in Thursday’s U.S. trade meeting and continued tariff uncertainty added pressure, reversing early gains and increasing market volatility.

Key developments:

• Michael Saylor projected Bitcoin at $150,000 by end-2025, citing U.S. regulatory shifts toward tokenized securities and stablecoins.

• Standard Chartered estimated $2 trillion in tokenized real-world assets (RWAs) by 2028, driven by institutional adoption of blockchain rails.

• K33 Research emphasized BlackRock’s dominance in ETF inflows, stating that “no BlackRock, no party.”

• Solana ETFs, including Bitwise’s staking product, are expected to attract up to $6 billion in inflows within their first year after SEC approval.

Macro:

Central bank decisions will continue to be in focus with next week’s line-up including the BoE and the RBA. Notable economic indicators due include the ISM indices and the October ADP report in the US, RoW PMIs and trade balance figures alongside inflation data for China.

More Crypto:

Following the October 10 flash crash, funding rates have dropped, cutting returns for basis‑trade strategies.

On Aave v3, USDT/USDC borrow rates now sit above sUSDe yields — turning leveraged stablecoin trades into a losing game.

XRP Ledger just took a major step toward institutional adoption — adding features tailored for tokenized real‑world assets and compliant DeFi.

Since the update, key metrics have jumped across the board.

Retail traders are loudly calling for “buying the dip” again — historically, that’s when another leg down follows.

The best dips usually come when optimism fades and fear takes over — right before the next big rally begins.

What Happened This Week:

• Bitwise Solana ETF ($BSOL) saw $417M inflows in its first week.

• Coinbase bought $299M in Bitcoin in Q3 2025.

• Mastercard to acquire crypto startup Zerohash for ~$2B.

• Fed cuts rates by 25bps.

What to Look Out For:

• Treasury Secretary Bessent says the US and China will sign a trade deal within the coming week.

• Treasury Secretary Bessent meets Singapore PM to boost crypto and stablecoin adoption.

• Consensys picks JPMorgan and Goldman Sachs to lead its IPO.

• Powell suggests the Fed is still undecided on a December rate cut.

What we enjoyed reading and listening to:

• AI Agent Interoperability Standards — Link

• Almost an Adult: Bitcoin White Paper Turns 17 — Link

• We Got a Rate Cut and QT Pause. Why Did Crypto Markets Fall? — Link

• Driving Real-World Asset Adoption: Tokenization and Beyond — Link

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