Friday Forecasts: 31/10/25
October 31, 2025
Your weekly pulse on markets, narratives, protocols, and policy.
Market Pulse
Bitcoin Sentiment Slides as Market Dips: Why Bearish Odds Are Now Increasing
Bitcoin is bleeding today, and aggregated sentiment on prediction markets is sliding right along with it.
Bitcoin today fell as low as $110,000, tumbling 3% following statements from Federal Reserve Chair Jerome Powell that a December rate cut was “not a foregone conclusion.” Powell’s comments came after the Fed delivered the news of a 0.25% rate cut on Wednesday afternoon, bringing the federal funds target range to 3.75%-4.00%.
BitMine Adds $113 Million in Ethereum to Corporate Treasury, Onchain Data Shows
BitMine Immersion Technologies has reportedly added 27,316 ETH, worth roughly $113 million, to its corporate treasury this week, according to blockchain data shared by Lookonchain via Arkham Intelligence.
The transfer allegedly came from custody platform BitGo, though the company has yet to confirm the transaction. BitMine Becomes Largest Corporate Holder of Ethereum With $13.2B Treasury
Narratives to Watch
Cardano Price Set for Breakout After Major AI Upgrade Sparks Investor Excitement
Cardano (ADA) is drawing renewed market attention as its latest technical milestone — the x402 Proof-of-Concept — positions the network for deeper integration with artificial intelligence.
The upgrade arrives at a crucial moment, just as ADA’s technical setup hints at a potential bullish reversal following months of sideways consolidation.
First Hedera and Litecoin ETFs approved: HBAR and LTC prices take off
The long-awaited approval of the Hedera ETF and Litecoin ETF has arrived, marking a pivotal moment for both assets.
With trading set to begin on the Nasdaq, investor enthusiasm has driven renewed interest in HBAR and LTC, sending prices higher as markets react to the historic development.
Bitwise’s Solana ETF Draws $69.5M on Debut, Outpacing Rival Fund’s Launch
Bitwise Asset Management’s spot Solana ETF is off to a promising start.
On Tuesday, the fund attracted some $69.5 million in inflows on its debut, outpacing Rex-Osprey Solana Staking ETF SSK’s $12 million debut inflow, according to data from Farside.
Bitwise Solana Fund BSOL is positioning itself as a clear investor favorite as the market evaluates two distinct approaches to staking yield.
Protocol Watch
Ethereum Fusaka Upgrade Passes Final Testnet And Readies For Mainnet
Ethereum’s next major upgrade, Fusaka, is on track for mainnet launch after going live on its final testnet, Hoodi. The upgrade introduces changes to boost Ethereum’s performance, especially in scalability and data handling. It follows months of development and testing, and marks a step in Ethereum’s broader roadmap to process more transactions without sacrificing decentralization or security.
21Shares Updates Sui ETF with Staking and Nasdaq Listing
21Shares, a prominent crypto asset issuer, has amended its S-1 filing for a spot Sui (SUI) ETF with the U.S. Securities and Exchange Commission (SEC), incorporating staking features, Nasdaq listing confirmation, and other operational details. The market reacted quickly, with SUI price surging 2.5% within an hour of the filing, reflecting growing investor interest in regulated crypto investment vehicles.
Regulatory Radar
European central bank pushes for CBDC launch in 2029: Report
Nigeria, the Bahamas and Jamaica are only three jurisdictions with launched CBDCs, according to the American think tank, the Atlantic Council. The European Central Bank is reportedly aiming to launch its digital euro in 2029, provided a legal framework can be hammered out.
Officials working on the central bank digital currency will continue to lay the groundwork after the current preparation phase concludes this month, Bloomberg reported on Wednesday, citing people familiar with the matter.
Australian Crypto Adoption Outpaces US, Data Shows
Australia’s crypto adoption hits 31% in 2025 outpacing developed nations as stablecoins power $46T in transactions and pension funds target digital assets with crypto market cap crossing $4T.
Australia’s crypto adoption rate reached 31% in 2025, up from 28% in 2024, putting the nation among the world’s most crypto-engaged populations, as mobile wallet usage indicators show activity more focused on trading and speculation than in other developing countries, according to a16z’s State of Crypto 2025 report.
Moonrig Perspective
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