The crypto market is entering what ex-Goldman Sachs trader Raoul Pal calls “the banana zone”. Altcoins are stealing the spotlight from Bitcoin, and crypto firms are making bold moves in the U.S. stock market. It’s clear that traditional financiers are taking digital assets more seriously. We are witnessing blockchain technology move from pure speculation to real-world impact. Let’s dive into the biggest stories of the month.
The “Other” Assets Are Stealing the Spotlight
A reversal is underway in the crypto market, as altcoins begin to dominate over Bitcoin. The Altcoin Season Index has climbed to 84, a clear signal that the market is in a full-blown “Altseason”. As investors pour into a wide range of assets, from large-caps like Ethereum, XRP and Solana to meme coins like Dogecoin, we are entering a phase that has historically delivered sustained momentum for the altcoin sector.
One of the most popular meme coins, Dogecoin (DOGE), is back in the headlines, inching closer to the highly anticipated $1 milestone. Fuelling the rally is growing chatter about a potential DOGE ETF approval. While some analysts caution that the hype may be peaking, the broader trend suggests that lower-priced tokens between $0.10 and $7 are poised to deliver even greater upside for those willing to ride the volatility.
DOGE isn’t the only one looking to secure an ETF; the race for a spot XRP ETF has also hit a new milestone. The SEC recently delayed its decision on Franklin Templeton’s application, setting a new deadline for November 14, 2025. This postponement is part of a broader pattern of delays by the SEC on multiple altcoin and staking-related ETF proposals, including those for Solana and Ethereum.
While the regulator is taking its time, the market remains optimistic, with some analysts assigning a high probability of eventual approval.
Why Chainlink’s New Partnership Could Make You a Fortune
Chainlink is making moves on two fronts that could reshape how blockchain interacts with the real world.
In Washington, Chainlink’s CEO, Sergey Nazarov, met with the SEC Chairman and White House crypto liaison to push forward the tokenization of real-world assets. With regulators showing signs of moving from heavy-handed enforcement toward clearer on-chain rules, Nazarov believes compliant infrastructure for broker-dealers and transfer agents could be in place by mid-2026.
He went further, predicting that tokenized assets could eventually surpass traditional cryptocurrencies in market value, particularly as institutions look for scalable, regulated options. For Chainlink, whose oracles deliver trusted data to blockchains, this shift could make its network and core token LINK indispensable.
At the same time, Chainlink is strengthening its role in prediction markets through a new partnership with Polymarket, a platform built on Polygon. By integrating Chainlink’s oracle services, Polymarket can now resolve pricing-based predictions more quickly and accurately, with the integration already live on the Polygon mainnet. The collaboration also sets the stage for more subjective markets like opinion or survey-driven outcomes. where Chainlink’s data feeds can reduce bias and build confidence in results.
Faster settlements and fewer disputes could make prediction markets far more reliable.
Together, these developments show Chainlink positioning itself at the centre of two massive trends: the institutional march toward compliant tokenization and the evolution of decentralized forecasting.
The War for Bitcoin: Whales are Dumping, But BlackRock and Fidelity Are Buying Every Dip
BTC is showing a mix of extremes. Over the past 30 days, whale investors holding massive amounts of BTC have sold approximately 115,000 coins, equivalent to roughly 12.7 billion dollars. This is the largest sell-off since mid-2022 and has sent ripples through the crypto community. Whales wield an outsized influence on Bitcoin’s price, and such large moves can trigger volatility, sway smaller investors, and raise questions about market sentiment. Are these whales cashing out after gains, or bracing for a downturn?
At the same time, several indicators point to a bullish outlook for BTC. Technical analysis shows that Bitcoin’s Bollinger Bands have tightened to their narrowest range in history, often a precursor to significant price movement.
Spot BTC ETFs have also seen major inflows this week, totalling over $642 million, with Fidelity and BlackRock leading the way. These institutional investments are helping stabilize the market and add fuel for potential upward momentum.
Miners (the computers solving cryptographic puzzles) are also signalling confidence. Miner holdings have reached a 90-day high, and the number of active ASIC (Application-Specific Integrated Circuit) miners has climbed to a record 5.62 million.
This indicates that the industry is thriving, investment is flowing, and selling pressure from miners is easing.
Meanwhile, Bitcoin’s network is stronger than ever, with hash rate and mining difficulty hitting record highs, a clear sign of security and resilience, reflecting a robust and secure network.
In short, BTC is balancing caution with opportunity. While whale activity has introduced volatility, institutional support, miner accumulation, and strong network fundamentals all point to potential upside. Investors and market watchers will be closely following the coming weeks to see if BTC breaks out or consolidates further, but the combination of these factors suggests a market poised for significant movement.
The Crypto Invasion of Wall Street
The crypto sector is witnessing a major wave of institutional integration as several key firms enter the U.S. public markets. Europe’s largest digital asset manager, CoinShares, announced a monumental move to go public in the United States through a $1.2 billion merger with a Nasdaq-listed SPAC. This deal, expected to close in late 2025, will shift its listing from Stockholm to New York, giving the firm (which holds a 34% market share in EMEA and manages $10 billion in crypto assets) greater access to U.S. investors and capital.
This strategic shift by CoinShares comes as other crypto-linked firms have made successful IPOs. Figure’s blockchain-powered lending platform and Gemini’s crypto exchange have both impressed on the Nasdaq, with strong initial trading performance. Their success signals a maturing industry where firms are scaling beyond hype and into real-world adoption. Together, these bold moves underscore a renewed investor appetite for blockchain and digital assets, proving that traditional finance is no longer on the sidelines but is actively embracing the sector’s immense growth potential.
Closing Thoughts
Cryptocurrency is no longer a niche player in finance; it is increasingly establishing a presence on Wall Street. Altcoins are gaining momentum, Chainlink is advancing compliance standards, Bitcoin continues to experience volatility, and major firms like Gemini, Figure, and CoinShares are expanding their influence in the U.S. market. Investors who remain on the sidelines risk missing significant opportunities. Staying informed, agile, and attentive is essential, as developments in this market can occur rapidly and have a substantial impact.
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