The past week in crypto markets was defined by a balance of optimism and strategic positioning. From renewed Bitcoin ETF inflows to growing corporate accumulation of Ethereum, and from AI-powered pivots to treasury transformations, the landscape continues to evolve across both traditional and digital finance.
Here’s a look at the week’s biggest developments, summarized from 10x Research’s latest “Crypto One Liners.”
Macro: Cooling Inflation Boosts Risk Appetite
Bitcoin rebounded above key levels as ETF inflows surged and inflation data softened, fueling hopes for Federal Reserve rate cuts. The S&P 500 saw strength from Apple and GM earnings, while AI leaders like Nvidia and Alphabet lifted the Nasdaq. The Dollar Index eased after stronger eurozone data, and Treasury yields fell as investors rotated back into bonds. Meanwhile, gold retreated slightly as traders locked in profits from its safe-haven run.
These macro shifts reignited capital flows into crypto, setting the stage for a more risk-on sentiment heading into November.
Institutional Crypto & Treasury Momentum
Among corporate players, Strategy’s slowing Bitcoin purchases raised questions about its near-term growth trajectory. In contrast, Metaplanet and Bitmine Immersion stood out with renewed Bitcoin and Ethereum accumulation, respectively. Bitmine’s aggressive ETH purchases elevated it as one of the largest non-exchange Ethereum holders, signaling deeper institutional conviction in the asset’s long-term value.
Galaxy Digital reported record earnings, Coinbase rallied on Base chain optimism and analyst upgrades, and Robinhood impressed with rapid user growth and surging crypto trading activity. Meanwhile, Circle’s USDC expansion continued to anchor the growing stablecoin and tokenization narrative.
Other emerging players like Sharplink Gaming drew attention for strategic hires and bullish coverage tied to its Ethereum treasury diversification strategy, underscoring how corporate balance sheets are increasingly tied to digital assets.
Bitcoin Miners Enter the AI Era
Mining stocks saw mixed performance despite Bitcoin’s rebound. Marathon Digital’s additional BTC purchases emphasized its long-term treasury approach, while Riot Platforms attracted institutional inflows. Bitfarms and Bitdeer Technologies gained attention for expanding into AI data centers, bridging crypto infrastructure with artificial intelligence.
CleanSpark and HIVE Digital advanced similar AI-powered expansions, with HIVE’s 100 MW Paraguay facility and Bell Canada partnership marking a milestone for renewable high-performance computing (HPC). Hut 8 closed the week strong, driven by rising analyst targets and heightened institutional call-option activity.
The Bottom Line
From macro cooling to treasury reallocation, the crypto sector is evolving beyond speculation into infrastructure, AI, and institutional integration. Bitcoin’s ETF inflows, Ethereum’s whale accumulation, and the corporate embrace of blockchain innovation together paint a picture of an ecosystem preparing for its next major expansion phase.
If the trend holds, Q4 2025 could set the stage for another decisive leg higher in both market valuation and technological adoption across digital assets.
