Original Title: "A $2000 Christmas 'Heist': Trump and His Tariff Windfall"
Original source: On-Chain Revelation
Every Christmas, children receive a gift from a mysterious old man, and they never question the cost of the gift. Now, Donald Trump is trying to play Santa Claus for the adult world, promising to distribute a $2000 "tariff bonus" that falls from the sky, claiming the gift is paid for by distant "foreign factories." The crypto market is as excited as a group of eager children unwrapping gifts. But there's a neglected detail in this grand magic show: before applauding that magically appearing rabbit, no one asks whose dinner it was exchanged for. And who will go hungry tonight?
1. When the president announces nationwide cash distribution: A carnival dedicated to the market

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Original author: Cathy, Plain Language Blockchain

At the end of October 2025, the crypto world witnessed a historic moment. Solana (SOL) broke through the final regulatory barriers, becoming the third crypto asset to receive approval for Exchange-Traded Products (ETP) in the United States, following Bitcoin and Ethereum.
This is not just another boring news about "yet another ETF approval." Its approval process is full of drama, and its product design hides secrets that have left countless traders stunned by the market reaction. For those of us in the crypto industry, the arrival of the Solana ETF is not the end of a story, but the beginning of one filled with "insider information" and new opportunities.
01 Wall Street "Civil War"
The "birth" of the Solana ETF is quite unusual. It was not born out of a public vote and enthusiastic press release from the SEC (U.S. Securities and Exchange Commission).

Author: on-chain Revelation

Introduction: A Game of Rights Based on Probability
Imagine a place where you can bet on anything: Who will be the next President of the United States? Will the Federal Reserve lower interest rates next month? Even, can your favorite actor win this year's Oscar?
In 2025, the prediction market experienced a genuine "explosive growth". Just in the third week of October, the weekly trading volume broke through the 2 billion dollar mark for the first time, setting a record for the platform. The entire market is heating up. This is not a slow evolution; this is a sudden gold rush.
Behind this outbreak are three powerful forces that cannot be ignored; when political leaders, Wall Street, and the core crypto circle direct their attention and money to the same place, we must ask one question: what exactly have they seen?
The answer split into two completely different yet equally tempting parts.

Consensus has been reached: Crypto belongs to "AI Agent"

Recently, Google launched the Agent Payments Protocol (AP2), with major crypto players such as the Ethereum Foundation, Mysten Labs, and MetaMask prominently included.
A clear consensus is emerging: cryptocurrency will become the "economic language" of AI Agents.
At the confluence of this wave, a project called Surge is becoming the most promising breaking point in the Sui ecosystem.
Google DeepMind pointed out in the paper "Virtual Agent Economics" that the popularity of AI Agents is giving rise to a "self-trading and collaboration among agents."

This year, the whole world started to go on-chain.
When we released the first cryptocurrency status report, the industry was still in its "adolescence." At that time, the total market capitalization of the cryptocurrency market was about half of what it is today, with slower blockchain speeds, higher costs, and lower reliability.
Over the past three years, cryptocurrency builders have faced severe market downturns and political uncertainty - yet they continue to make significant infrastructure improvements and other technological breakthroughs. These efforts have brought us to today, a moment when cryptocurrency is becoming an important component of the modern economy.
The story of cryptocurrency in 2025 is a story about the maturation of the industry. In short, cryptocurrency has grown up:
Traditional financial giants, such as Visa, BlackRock(, Fidelity), and JPMorgan Chase( — as well as tech-native challengers like Pa

Recently, the Meme ecosystem of Solana has heated up again. The Chinese Meme "索拉拉", initiated by the community and recognized by the official Solana team, has a market capitalization that has surpassed 15 million USD in a short period. Its launch platform Trends.fun has also become a new focal point. Meanwhile, the leading Meme launch platform in the Solana ecosystem is Pump.fun.

Author: EcoFi m&W initiator Jerry
The cryptocurrency world is once again in turmoil. This is not the first time, nor will it be the last—if the crypto ecosystem paradigm cannot complete its iteration, such events will continue to occur.
Attributing the reason to market behavior caused by Trump's tariffs is not rigorous, as the feedback from traditional financial capital markets and the $19.3 billion liquidation caused by the crash in the crypto market are of different magnitudes - the cryptocurrency sector triggered the largest liquidation in history.
The reason lies in the zero-sum game nature of speculation in the cryptocurrency circle - manipulating oracles based on computing power only requires precise timing. Just as humanity has failed to learn lessons from long historical records, the cryptocurrency circle has not learned anything from the painful experiences that have occurred in the past.
This is a wake-up call - we hope that blockchain/web3 can help establish order in the AI computing power network.

Recently, the crypto market has experienced significant fluctuations, with liquidation amounts reaching $19.133 billion within 24 hours, affecting over 1.6 million people. A crypto whale shorted Bitcoin and Ethereum after the price rise, making over $200 million in a short period. The whale's actions have attracted market attention and may be related to Trend Research.

Original Title: "October Determines the Universe: altcoin ETF Will Welcome the SEC's Ultimate Ruling"
Original Author: 1912212.eth, Foresight News

In October 2025, the U.S. Securities and Exchange Commission (SEC) is set to make a final ruling on at least 16 spot cryptocurrency exchange-traded funds (ETFs) involving multiple tokens other than Bitcoin and Ethereum, such as SOL, XRP, LTC, DOGE, ADA, and HBAR. In light of the latest developments, the SEC has withdrawn a number of delayed notices and accelerated the approval process with new Common Listing Rules, reducing the review time to less than 75 days.
According to crypto journalist Eleanor Terrett, the US SEC has requested LTC, XRP, SOL, ADA, and DOGE ETF.

At the Global On-chain Asset Summit held in Singapore, Ethereum founder Vitalik Buterin discussed the applications of Ethereum and the future development of blockchain with HashKey Group CEO Xiao Feng. Buterin analyzed the trends of low-risk DeFi and innovative applications, emphasizing the importance of the combination of finance and non-finance. He mentioned that applications like ZKID have potential in the fields of identification and privacy protection, providing new ways for future financial innovation.

Author: Juan Galt, Original translation: AididiaoJP, Foresight News

As the GENIUS Act solidifies the status of stablecoins backed by U.S. Treasury bonds, Bitcoin's decentralized network makes it better suited for global adoption of blockchain, while addressing the trend of declining demand for U.S. bonds in a multipolar world.
As the world shifts from a US-led unipolar order to a multipolar landscape led by BRICS nations, the dollar is facing unprecedented pressure due to declining bond demand and rising debt costs. The GENIUS Act, passed in July 2025, marks a bold strategy by the US to address this situation by legislatively recognizing stablecoins backed by US Treasury bonds, thereby unleashing significant overseas demand for US bonds.
The blockchain that carries these stablecoins will shape the global economy for decades to come. Bitcoin

Author: momo, ChainCatcher

BNB has broken the important psychological barrier of 1000 USD, and the BNB Chain has also seen a resurgence in on-chain activity. On September 21, its daily trading volume reached a nearly 30-day high, surpassing 16.5 million transactions in a single day. Meanwhile, BNB Chain and opBNB have become the public chains with the highest number of daily active users.
BNB Chain is gradually becoming an amplifier of market sentiment, from Jobless and Aster to Giggle and Sign. With the backing of CZ, it has evolved from a "wealth code" to a "wealth code" generator.
In addition, BNB Chain is also strengthening its fundamentals by taking advantage of the momentum, planning to reduce the cost of a single transaction to about $0.005 through a network upgrade. Wall Street asset management giant Franklin

Author: Jón Helgi Egilsson
Compiled by: Deep Tide TechFlow
Ethereum co-founder Vitalik Buterin, along with his foundation, has supported a $40 million launch of Etherealize in collaboration with Electric Capital and Paradigm—this startup has only one mission: to reshape Wall Street on the Ethereum foundation. (© 2024 Bloomberg Finance

RWA (Real World Assets) is gaining significant attention in the crypto market, with a market capitalization close to $320 billion and over 400,000 holders. RWB (Real World Business) is an emerging concept aimed at tokenizing real businesses through Blockchain, providing new financing avenues. Although RWB is still in its early stages of development, it offers new ideas for financing small and medium-sized enterprises, and whether it can pave new development paths in the future remains to be seen.

Written by: Sleepy.txt
You may not have heard of Cloudflare, but it's almost impossible to avoid its services when you're online.
This company is an "invisible giant" in the internet world. Whether you are ordering food delivery, scrolling through short videos, or opening your email and logging into company systems, there is a high probability that you are passing through its network. It acts like a massive digital shield and accelerator, providing security protection and content distribution services for nearly one-fifth of the websites worldwide.
When the web pages you visit can open in an instant, and the apps you love can fend off hacker attacks, there is often the presence of Cloudflare behind it. It is the true "water, electricity, and coal" of the internet, serving as the underlying infrastructure that supports the efficient and secure flow of global data.
On September 25, Cloudflare made a landmark strategic decision to extend its infrastructure footprint to a

Written by: Deep Tide TechFlow
On September 17, Aster completed its TGE, and the $ASTER token's performance on its first day exceeded market expectations.
Data shows that within less than 24 hours of its launch, the total trading volume of the token surpassed $310 million, with over 330,000 new independent wallet addresses created. The opening price was $0.03015, reaching a daily high of $0.528, with a single-day increase of approximately 1650%. The platform's TVL also surged from $350 million to $1 billion.
This kind of start is indeed eye-catching.
A product is considered useful and has users, which forms the basic foundation for DEXs after an airdrop, and also determines whether a project has income for buybacks, thereby further enhancing the value of the token.
A more fundamental question worth discussing is: when Hyperliquid has already occupied half of the perpetual DEX market with the approach of "performance is justice," and the monthly trading volume has surpassed 330.

Source: RPC Cat Friends Association (Nine Lives Community)
Introduction of the guest speakers:
David Namdar (X@namdar): CEO of BNC and co-founder of Galaxy Digital, with over a decade of experience in cryptocurrency and capital markets. He currently serves as the CEO of BNB Network Company (BNC), a Nasdaq-listed company, leading a digital asset treasury project centered around BNB, referred to by outsiders as the "BNB version of MicroStrategy."
CZ: The founder and former CEO of Binance, and one of the most influential entrepreneurs in the global cryptocurrency industry.
David: Okay, good morning, CZ. It's great to see you. CZ: Good morning, David. It's great to see you.