After 18 days of wreckage, the crypto market saw fresh sunlight last week, putting Bitcoin at $90,000. In contrast to previous weeks, the crypto news also saw some fresh stories ranging from crypto ETFs and regulations to crypto hacks and tokenization.
Crypto market slowly recovers after a heavy crash
The global crypto market began surging gradually after a significant dip over the past two weeks. The current market cap is $3.09 trillion. Bitcoin rose back to $90,700 from $80,700.
China says crypto assets have no legal status
China has again tightened its screws on virtual assets, with the People’s Bank of China (PBOC) stating that cryptocurrencies and stablecoins do not have any legal status.
Solana leads tokenized stocks trading
Solana dominates the tokenized stock-trading market with more than 95% share during July-October 2025.
Do Kwon asks judge to reduce his sentence in the Terra crash
The collapsed Terraform Labs co-founder, Do Kwon, requested a Manhattan judge to limit his sentence to five years for the $40 billion Terra Labs collapse. The co-founder was arrested for allegedly orchestrating the $40 billion TerraUSD and LUNA token collapse (entire Terra Labs ecosystem).
Hackers exploit Upbit exchange for $36 million in Solana assets
Hackers, allegedly linked to the North Korean Lazarus Group, moved $36 million worth of Solana assets to unknown wallets. Following the hack, the exchange team suspended deposit and withdrawal activities and froze millions of existing assets to prevent further attacks.
Amundi launches first tokenized share for money market fund
Amundi, Europe’s leading asset manager, issued a debut tokenized share for the euro money market fund on Ethereum.
BitMine acquires another $44.3 million worth of Ethereum
Mining company BitMine bought 14,618 Ethereum worth over $44 million through BitGo, a crypto custodian. The move comes amid growing institutional demand for Ethereum. In August 2025, BitMine bought approximately $45 million in Ethereum.
With these stories, the crypto industry drove through both positive and challenging developments, showing how the industry evolves day to day. Last week’s headlines also touched on several other events.
This includes Balancer’s reimbursement plans for victims of the recent hack, Abu Dhabi’s financial regulator approving Ripple USD, Grayscale filing with the SEC to convert its Zcash Trust into spot ETFs, Tether responding strongly to S&P’s USDT downgrade, and more.
