New Coin Metrics Weekly State of the Market Report | October 3 - October 9, 2025
This week in crypto markets:
- BTC reached new all-time highs before easing, while gold hit a record $4,000/oz as fiscal uncertainty fuels demand for safe-haven assets.
- @Grayscale became the first U.S. asset manager to enable staking in its ether-based ETFs (ETHE, ETH) and Grayscale Solana Trust (GSOL).
- @ICE_Markets (ICE) announced a $2B strategic investment in @Polymarket, valuing the prediction markets platform around $9B.
- S&P Global announced the launch of the S&P Digital Markets 50 index, which will track 15 digital assets and 35 crypto-linked equities.
@PlumeNetwork, an RWA-focused blockchain, received SEC approval as a registered transfer agent for tokenized securities.
- @Ethena_Labs and @JupiterExchange partnered to launch JupUSD, a Solana-native stablecoin backed by Ethena’s USDtb.
Read the full report from @coinmetrics for a data-driven look into crypto’s shifting institutional and macro landscape – link in comments.
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