• Bitcoin surpasses $100k again: BTC rises sharply after hitting a bottom of $98k, thanks to inflows from the spot ETF reaching $1.9 billion last week. Analysts from JPMorgan predict BTC could test $110k if the Fed continues to ease policy.
• Ethereum surges with the Fusaka hard fork: ETH leads the rally (+8.39%) thanks to the upcoming Fusaka hard fork expected in early November, improving staking yield and tokenized assets. Whales are accumulating strongly, with a large holder withdrawing 34,155 ETH ($111.6M) from Binance to 'buy the dip'. Tom Lee forecasts ETH to reach $5,500-$12,000 by the end of 2025.
• Solana ETF launches strongly: Bitwise’s Spot Solana ETF attracts $69.5M inflows on the first day, surpassing rival SSK. SOL rises due to Visa collaboration to expand stablecoin on 4 blockchains.
• XRP wins big in India: The Madras High Court recognizes XRP as a legal asset, protected under criminal law – an important precedent for crypto regulation in India (Source: CoinPedia, 05/11/2025). However, XRP price is under pressure with on-chain activity increasing but price weak.
• Major event in November: Folks Finance launches FOLKS token today (06/11), releasing 25.4% of supply. Ether.fi ends vote buyback $50M, Aerodrome upgrades to Slipstream V2. Binance temporarily suspends AI16Z to swap to ELIZAOS from 06/11.
• Risks and regulations: The market lost $1T when BTC fell below $100k temporarily, due to sell-off from tariff issues and slow ETF flows (Source: CryptoNews, 06/11/2025). Canada includes stablecoin in its 2025 budget to support innovation; Chainlink tests compliance on-chain with Bermuda. Citi warns of weakness from slow ETF flows and decreased risk appetite.
Market Overview: The market is in a short-term bull run with BTC dominance dropping to 59.83%, paving the way for altseason (ETH, SOL, BNB leading). Total market cap tests $3.8T, could breakout to $4T if it holds $3.75T. However, monitor US job data and geopolitical issues to avoid volatility.
Note: Information is for reference only, not investment advice. Crypto is highly risky – DYOR and only use spare money.
