Cryptocurrency valuations saw a modest rebound this week as investor appetite for digital assets returns following the recent market crash.
On the upside of a correction, the $19 billion liquidation event may be viewed as a buying opportunity by investors, a dynamic that could fuel Bitcoin (Bitcoin) to exceed $200,000 before the end of the year, according to Jeff Kendrick, global head of digital assets research at Standard Chartered Bank.
However, A Lack of inflows of Bitcoin exchange-traded funds (ETFs) in the United States continue to limit Bitcoin’s bullish momentum.
Given the lack of investment, Bitcoin is on the right track Worst performance for October Since 2013, the last time a historic bull month closed in red.
$19B Market Crash Paves Way for Bitcoin to Surge to $200,000: Standard Chartered
Bitcoin may still be on track to reach $200,000 by the end of the year, even after a record $19 billion market liquidation and renewed tariff threats from US President Donald Trump, according to Standard Chartered’s global head of digital asset research, Jeff Kendrick.
The cryptocurrency market witnessed a record high $19 billion liquidation event On the weekend of October 10, causing the price of Bitcoin to fall by four months Less than $104,000 By Friday, Cointelegraph reported at the time.
As the dust settles after the massive liquidation event, investors may see this as a buying opportunity. Kendrick said this dynamic could fuel Bitcoin’s rise to $200,000 by the end of 2025. Despite the volatility, he remained confident that Bitcoin will rebound as markets stabilize.
“My official forecast is $200,000 by the end of the year,” he told Cointelegraph during an exclusive interview at the European Blockchain Conference 2025 in Barcelona.
Despite Trump’s “hype about tariffs,” Kendrick said he still sees prices rising “well over $150,000” in a year-end bearish event, assuming the US Federal Reserve continues to cut interest rates to meet market expectations.
Hong Kong approved the first Solana ETF before the United States
Hong Kong has approved its first Solana ETF, marking the third cryptocurrency ETF approved by the city after Bitcoin and Ethereum.
The Hong Kong Securities and Futures Commission (SFC) on Wednesday granted approval to China Asset Management’s Solana ETF (HK), which will be listed on the Hong Kong Stock Exchange. According to In a report by the Hong Kong Economic Times.
The product will include Chinese Yuan counters and US Dollar counters, meaning it can be traded and settled in both currencies. Each trading unit will consist of 100 shares, with a minimum investment of approximately $100. The fund is expected to go live on Monday.
The ETF’s virtual asset trading platform will be operated by OSL Exchange, while OSL Digital Securities will act as sub-custodian. ChinaAMC has set a management fee of 0.99%, with custody and administrative fees capped at 1% of the net asset value of the sub-fund, resulting in an annual expense ratio of 1.99%.
Aave DAO proposes an annual token buyback of $50 million using DeFi revenues
The Aave Decentralized Autonomous Organization (DAO) has submitted a proposal to create a long-term, protocol-funded buyback program that would use up to $50 million in annual revenue to buy back Aave tokens.
the an offerThe Aave Chan Initiative (ACI), which it introduced on Wednesday, seeks to make buybacks a permanent component of Aave’s premium economies. Under the plan, the Aave Financial Committee (AFC) and TokenLogic will lead the implementation, buying back between $250,000 and $1.75 million in Aave (ghost) weekly symbols, depending on market conditions, liquidity and volatility.
If approved, the proposal will proceed through Aave’s Request for Comment (ARFC) stage for community feedback, followed by a quick vote and final onchain governance confirmation. In contrast to short-term market interventions, the proposal aims to institutionalize buybacks as a recurring mechanism, making the DAO an active allocator of capital.
The program builds on the success of other buyback initiatives, ACI said. In April, Aave was up 13% as a community It agreed to a token buyback of $4 million.
Chinese budget AI systems outperform ChatGPT and Grok in cryptocurrency trading
Chinese AI models are outperforming their US counterparts in cryptocurrency trading, according to data from blockchain analytics platform CoinGlass, as competition between leading generative AI chatbots intensifies.
Chatbots powered by artificial intelligence Deep Sick Qwen3 Max, both developed in China, led the ongoing cryptocurrency trading experience on Wednesday, with the former being the only AI model to achieve a positive unrealized return of 9.1%.
Qwen3, an AI model developed by Alibaba Cloud, came in second with an unrealized loss of 0.5%, followed by Grok with an unrealized loss of 1.24%. According to To the blockchain data platform CoinGlass.
OpenAI’s ChatGPT-5 fell to last place, with a loss of more than 66%, bringing its initial account value of $10,000 to just $3,453 at the time of writing.
The results surprised cryptocurrency traders, given that DeepSeek was developed at a fraction of the cost of its US-based competitors.
DeepSeek’s success came from betting on the rise of the cryptocurrency market. The form took Borrowing Long positions across major cryptocurrencies, such as Bitcoin and Ethereum (Ethereum), Solana (Sol), BNP (BNB Bank), Dogecoin (Doug) And Ripple (XRP).
BNB Wins ‘Uptober’ Amid Scrutiny of Binance Market Crash
October is historically one of the best performing months for Bitcoin, but this year, BNB is stealing the show.
“Uptober” — coined to describe Bitcoin’s typically bullish October — started on a high note this year, when the US government shutdown had just begun. Now, as the funding gridlock in Washington has continued for the past three weeks, that optimism has faded amid trade tensions and the fallout from the historic liquidation event.
Meanwhile, BNB, the native token of Binance’s BNB chain, hit all-time highs twice this month. The network is seeing a boom in memecoin trading and competes directly with Hyperliquid in the decentralized perpetual market through its Aster platform.
Although BNB has since retreated from its peak, it is still up about 6% since the beginning of October. However, these gains were capped against the backdrop of growing scrutiny around Binance’s alleged role in the recent market crash.
DeFi Market Overview
According to data from Cointelegraph Pro Markets And TradingView, most of the 100 largest cryptocurrencies by market cap ended the week in the green.
Z Cash (Like you) The privacy coin rose more than 33% as the biggest winner this week, followed by memecoin launch platform coin Pump.fun (PUMP), up 26% over the past week.
Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights, and education regarding this dynamically advancing space.
