Cryptocurrency valuations saw a moderate recovery this week as investor appetite for digital assets returned after the recent market crash.
According to Standard Chartered’s global head of digital asset research, Geoff Kendrick, the positive incentive for a correction is that the $19 billion liquidation could be viewed by investors as a buying opportunity, and this momentum could fuel Bitcoin (BTC)’s rise above $200,000 before the end of the year.
However, the lack of inflows from US Bitcoin spot funds (ETFs) continues to limit Bitcoin’s growth momentum.
Due to the lack of investment, Bitcoin is on track for its worst October performance since 2013, when it last closed a historically bullish month in the red.
$19 Billion Market Crash Paves the Way for Bitcoin’s Rise to $200,000: Standard Chartered
Bitcoin may still be on track to hit $200,000 by the end of the year, even after a record $19 billion market liquidation and renewed tariff threats from US President Donald Trump, according to Geoff Kendrick, global head of digital asset research at Standard Chartered.
The cryptocurrency market saw a record $19 billion liquidation over the weekend of October 10, sending Bitcoin’s price plummeting to a four-month low of $104,000 by Friday, Cointelegraph reported at the time.
Once the dust settles after a massive liquidation, investors may see it as a buying opportunity. Kendrick said this vigorous could fuel Bitcoin’s rise to $200,000 by the end of 2025. Despite the volatility, he remained confident that Bitcoin would rebound as markets stabilize.
“My official forecast is $200,000 by the end of the year,” he told Cointelegraph during an exclusive interview at the European Blockchain Convention 2025 in Barcelona.
Despite the “Trump noise around tariffs,” Kendrick said he still sees prices rising “well north of $150,000” in a year-end bear market, assuming the U.S. Federal Reserve continues to cut interest rates to meet market expectations.
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Hong Kong approves its first Solana spot ETF ahead of US
Hong Kong has approved its first Solana spot ETF, marking the third cryptocurrency spot ETF approved by the city after Bitcoin and Ethereum.
On Wednesday, the Hong Kong Securities and Futures Commission (SFC) approved the establishment of the China Asset Management (Hong Kong) Solana ETF, which will be listed on the Hong Kong Stock Exchange, According to – according to a report by the Hong Kong Economic Times.
The product will include Chinese Yuan and US Dollar counters, meaning it will be able to be traded and settled in both currencies. Each trading unit will consist of 100 shares and the minimum investment will be approximately $100. The fund’s debut is expected on Monday.
The virtual ETF asset trading platform will be operated by OSL Exchange, while OSL Digital Securities will act as a sub-custodian. ChinaAMC has set a management fee of 0.99%, with custody and administration fees capped at 1% of the sub-fund’s net asset value, giving an estimated annual expense ratio of 1.99%.
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Aave DAO proposes an annual token buyout worth $50 million using DeFi revenues
The Aave decentralized autonomous organization (DAO) has unveiled a proposal to create a long-term, protocol-funded repurchase program that would raise up to $50 million in annual revenue to repurchase Aave tokens.
The applicationfiled on Wednesday by the Aave Chan Initiative (ACI), aims to make buybacks a constant part of Aave tokenomics. Under the plan, the Aave Finance Committee (AFC) and TokenLogic would lead execution, repurchasing between $250,000 and $1.75 million worth of Aave (AAVE) tokens each week, depending on market conditions, liquidity and volatility.
If approved, the proposal will go through the Aave Request for Comment (ARFC) stage for community feedback, followed by a vote on the snapshot and final confirmation of onchain governance. Unlike short-term market interventions, the proposal aims to institutionalize buyouts as a recurring mechanism, making the DAO an dynamic allocator of capital.
ACI said the program builds on the success of other share buyback initiatives. In April, Aave’s value increased by 13% when the community approved a $4 million token buyout.
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China’s Budget AI Beats ChatGPT and Grok in Cryptocurrency Trading
Chinese AI models are outperforming their US counterparts in cryptocurrency trading as competition intensifies among leading generative AI chatbots, according to data from analytics platform CoinGlass.
AI chatbots DeepSeek and Qwen3 Max, both developed in China, led an ongoing cryptocurrency trading experiment on Wednesday, with the former being the only AI model to generate a positive unrealized return of 9.1%.
Qwen3, an artificial intelligence model developed by Alibaba Cloud, took second place with an unrealized loss of 0.5%, followed by Grok with an unrealized loss of 1.24%. According to to the CoinGlass blockchain data platform.
OpenAI’s ChatGPT-5 fell to last place with a loss of over 66%, increasing its initial $10,000 account value to just $3,453 at the time of writing.
The results surprised cryptocurrency traders, considering DeepSeek was developed at a fraction of the cost of its US rivals.
DeepSeek’s success came from betting on the growth of the cryptocurrency market. The model took long leveraged positions on major cryptocurrencies such as Bitcoin, Ether (ETH), Solana (SOL), BNB (BNB), Dogecoin (DOGE), and XRP (XRP).
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BNB Wins ‘Uptober’ After Analyzing Binance Market Crash
October is historically one of Bitcoin’s best months, but this year BNB is stealing the show.
“Uptober” – coined to describe Bitcoin’s typically bullish October – kicked off with a bang this year as the US government shutdown had just begun. Now, with Washington’s funding impasse now three weeks into its third week, that optimism has faded amid trade tensions and the fallout from the historic shutdown.
Meanwhile, BNB, the native token of Binance’s BNB network, has set novel all-time highs twice this month. The network is experiencing a surge in memecoin trading and directly competes with Hyperliquid in the decentralized perpetuals market through its Aster platform.
Although BNB has since retreated from its peak, it has remained around 6% since early October. Still, these gains were set against the backdrop of growing scrutiny over Binance’s alleged role in the recent market crash.
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DeFi market overview
According to data from Cointelegraph Markets Pro and TradingView, most of the top 100 cryptocurrencies by market capitalization ended the week in the green.
Private coin Zcash (ZEC) rose over 33% to be the week’s biggest gainer, followed by memecoin startup platform Pump.fun’s token Pump.fun (PUMP), which rose 26% over the past week.
Thank you for reading our roundup of the most crucial events in DeFi this week. Join us this Friday for more stories, insights and education about this vigorous space.
