Cryptocurrency valuations staged a modest recovery this week as investor appetite for digital assets returned after the recent market crash.
In a silver lining to the correction, the $19 billion liquidation event could be seen as a buying opportunity by investors, a dynamic that could fuel Bitcoin (BTC) rose above $200,000 before the end of the year, according to Global Head of Digital Assets Research, Geoff Kendrick.
However, a Lack of flow From the US Spot Bitcoin Exchange-Traded Funds (ETFs) continue to limit Bitcoin’s upside momentum.
Given the lack of investment, Bitcoin is on track for this Worst October performance Since 2013, the last time it closed a historic bullish month in the red.
$19 Billion Market Crash Paves Way for Bitcoin to Rise to $200,000: Standard Chartered
Bitcoin can still be tracked to reach $ 200,000 by the end of the year, even after a record $ 19 billion market liquidation and updated tariff threats from US President Donald Trump, according to Global Head of Digital Assets Research, Geoff Kendrick.
The crypto market experienced a record $19 billion liquidation event on the weekend of October 10, causing Bitcoin’s price to sink to a four-month low Less than $104,000 By Friday, Cointelegraph reported at the time.
As the dust settles after a massive liquidation event, investors may see this as a buying opportunity. This dynamic could fuel a Bitcoin rally to $200,000 by the end of 2025, Kendrick said. Despite the volatility, he remains confident that Bitcoin will bounce back as markets stabilize.
“My official forecast is $200,000 by the end of the year,” he told Cointelegraph during an exclusive interview at the 2025 European Blockchain Convention in Barcelona.
Despite Trump’s “noise around tariffs,” Kendrick said he still sees a price increase “well north of $150,000” in the bear case for the end of the year, assuming the US Federal Reserve continues to cut interest rates to meet market expectations.
Hong Kong approved the first-place Solana ETF ahead of us
Hong Kong approved the first-place Solana ETF, marking the city’s third-place Crypto ETF approved after Bitcoin and Ethereum.
On Wednesday, the Hong Kong Securities and Futures Commission (SFC) granted approval for the China Asset Management (Hong Kong) Solana ETF, listed on the Hong Kong Stock Exchange, according in a report by the Hong Kong Economic Times.
The product includes chinese yuan counters and US dollar counters, meaning it can be traded and settled in both currencies. Each trading unit consists of 100 shares, with a minimum investment of about $ 100. The fund is expected to debut on Monday.
The ETF’s Virtual Asset Trading Platform is operated by OSL Exchange, while OSL Digital Securities will act as sub-custodian. ChinaAmc has set a management fee of 0.99%, with custodial and administrative fees capped at 1% of the sub-fund’s net asset value, resulting in an estimated annual expense ratio of 1.99%.
AAVE DAO proposes $50 million annual token buyback using defi revenues
The decentralized autonomous organization (DAO) has introduced a proposal to create a long-term, protocol-funded program that will use up to $50 million in annual revenue to repurchase AAVE tokens.
The proposal. Under the plan, the AAVE Finance Committee (AFC) and Tokenlogic will lead the execution, repurchasing $250,000 to $1.75 million in AAVE (Ghost) Tokens Weekly, depending on market conditions, liquidity and volatility.
If approved, the proposal will proceed through the AAVE Request for Comment (ARFC) phase for community comment, followed by a snapshot vote and final confirmation by onchain management. Unlike short-term market interventions, the proposal aims to institutionalize purchases as a recurring mechanism, making the DAO an active allocator.
ACI said the program builds on the success of other procurement initiatives. In April, AAVE increased by 13% as a community Approved a $4 million token buyback.
China’s budget AIs round out chatgpt and grok in crypto trading
Chinese artificial intelligence models are outstripping their US counterparts in cryptocurrency trading, according to data from blockchain analytics platform Coinglass, as competition between top generative AI chatbots intensifies.
AI Chatbots Deepseek and Qwen3 Max, both developed in China, led the ongoing crypto trading experiment on Wednesday, with the former the only AI model to generate a positive unrealized return of 9.1%.
Qwen3, an AI model developed by Alibaba Cloud, came in second with a 0.5% unrealized loss, followed by Grok with a 1.24% unrealized loss, according to blockchain the data coinglass platform.
Openai’s Chatgpt-5 slipped to last place, with a loss of over 66%, taking the initial account value of $10,000 down to just $3,453 at the time of writing.
The results surprised crypto traders, given that Deepseek was built at a fraction of the cost of US rivals.
Deepseek’s success came from betting on the rise of the crypto market. The model was taken Leveraged Long positions in major cryptocurrencies, such as bitcoin, ether (Eth), Solana (Sol), BNB (BNB), Dogecoin (doge) and XRP (XRP).
BNB won “Uptober” amid the market crash
October is historically one of Bitcoin’s best performing months, but this year, BNB steals the show.
“Uptober” – coined to describe Bitcoin’s typically bullish Octobers – started this year on a high note, as the US government shutdown began. Now, as Washington’s funding deadlock drags on for the past three weeks, that optimism has faded amid trade tensions and after a historic bankruptcy event.
Meanwhile, BNB, the native token of Binance’s BNB chain, has set new all-time highs twice this month. The network is experiencing a surge in memecoin trading and directly competes with hyperliquid on the decentralized Perpetuals market through its Aster platform.
Although BNB has since retreated from its peak, it remains up about 6% since the start of October. However, these gains are set against a backdrop of growing scrutiny over Binance’s alleged role in the recent market crash.
Defi Market Overview
According to data from Cointelegraph Markets Pro and Tradingview, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.
The Zcash (Zec) The privacy coin rose more than 33% as the week’s biggest gainer followed by Memecoin LaunchPad Platform Pump.Fun’s (Pump) Token, up 26% over the previous week.
Thanks for reading our roundup of this week’s most impactful def developments. Join us next Friday for more stories, insights and education about the dynamic advancement of this space.
