The first week of October 2025 was dominated by market momentum, as Bitcoin briefly hit a new all-time high, and a surge in institutional adoption moves for key altcoins.
If Bitcoin’s “Uptober” rally is finished?
The most significant event of the week was Bitcoin (BTC) smashing past its previous price records, briefly hitting an All-Time High (ATH) above $126,000 around October 5th/6th. This dramatic surge firmly established the ‘Uptober’ seasonal rally.
Relentless institutional demand continued to pour in, largely via the U.S. spot Bitcoin ETFs. Analysts noted that these institutional inflows were providing a strong, sustained liquidity base for the price move.
The event created widespread bullish sentiment across the market, pulling the total crypto market capitalization to over $4.15 trillion. While the price saw a slight consolidation and pullback afterward, this established a new, high base for the remainder of Q4.
However, today October 12, BTC is fasing a dramatical fall that started on October 10. BTC price lost over % and moved down to $111,466.
Institutional Solana and XRP ETF approvals loom
Anticipation for the next wave of U.S. spot Exchange-Traded Funds (ETFs) reached a fever pitch, focusing on Solana (SOL) and XRP (Ripple).
Asset managers, including major players like Grayscale and Bitwise, have filed applications, and market watchers now predict a 95% chance of approval for these altcoin ETFs. The window for the SEC’s ruling on several major XRP and SOL applications is specifically pegged for the second half of October.
Analysts forecast massive institutional inflows upon approval, estimating between $4 billion and $8 billion into XRP ETFs in the first year alone. This potential institutional embrace is viewed as the next major catalyst for the entire altcoin sector, extending the regulatory legitimacy enjoyed by Bitcoin and Ethereum.
AMINA Bank offers regulated POL access
The institutional adoption narrative was further reinforced by a major move in the staking sector, a core component of Proof-of-Stake blockchains.
Institutional Staking Service: AMINA Bank AG, a Swiss FINMA-regulated crypto bank, announced it would become the first global bank to offer institutional staking services for the Polygon (POL) token.
This move provides corporate treasuries, asset managers, and ultra-high-net-worth individuals a regulated and secure avenue to earn native network rewards on the Polygon ecosystem. By offering staking through a compliant, licensed bank, the product effectively de-risks a key crypto activity for traditional finance, setting a strong precedent for other regulated financial institutions worldwide.
Coinbase rolls out staking for New York residents
As Coinidol.com wrote on October 10, in a significant regulatory win within the U.S., major exchange Coinbase was cleared to launch staking services for Ethereum (ETH) and Solana (SOL) for residents in New York.
New York has historically been one of the most stringent jurisdictions for crypto. The approval from state regulators to allow staking on a major exchange is a key signal that this activity is becoming recognized as a legitimate, utility-driven financial service rather than an unregulated investment product.
Traditional finance giant Pay-Pay partners with Binance in Japan
The theme of crypto-finance convergence was highlighted by a key alliance in Asia, focusing on real-world payments.
PayPay, a SoftBank group company and one of Japan’s largest digital payment services, acquired a 40% equity stake in Binance Japan.
The partnership’s goal is to create a seamless bridge between Japan’s extensive cashless payment network and digital assets. Initial plans include enabling Binance users to buy crypto directly using “PayPay Money” balances and withdraw crypto proceeds straight to their PayPay accounts. This dramatically reduces the friction between fiat and crypto for millions of consumers, positioning the alliance to accelerate mass adoption in the region.
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