👋 Welcome to the CoinStats Scoop, your weekly newsletter bringing you the most groundbreaking Web3 innovations and market-moving headlines in the crypto space.Stay in the loop with all the key market moves, emerging trends, and exciting developments from the past week 📊.Thanks for reading CoinStats Scoop! Subscribe for free to receive new posts and support my work.This week, cryptocurrency valuations continued to lack momentum after the record $20 billion liquidation event caused Bitcoin’s price to dip to $104,000 briefly 💥.However, corporate treasury companies continued to buy hundreds of millions of Bitcoin and Ether, signaling institutional confidence in the continuation of the cycle despite the correction 🏦.SharpLink Gaming was among the corporations buying the dip, as it surpassed the record $3.5 billion Ethereum holdings milestone earlier in the week.On the regulatory front, Hong Kong’s securities regulator approved the first Solana ETF, marking the first spot SOL ETF to start trading in Asia 🇭🇰.As regulators worldwide are paving the way for institutional entrants through regulated crypto trading products, large whales are also reemerging in what looks like another accumulation phase to fuel Bitcoin’s rally until the end of the year 🐋.In this week’s CoinStats Scoop, you’ll find:💹 Crypto market analysis and the most important news in Web3💎 Sharplink hits $3.5 billion in Ethereum holdings🇭🇰 Solana ETFs approved in Hong Kong’s historic crypto adoption moment🚀 Elon Musk pumps FLOKI memecoin 20%💼 Coinbase CEO teases private transactions for the Base blockchain📊 Analysis and key events that will shape the crypto market next weekSharpLink Hits $3.5 Billion in Ethereum HoldingsSharpLink, the second-largest corporate Ethereum firm, has bought a total of $3.5 billion in Ether, signaling continued institutional buying despite the past week’s record crypto market correction 📉.SharpLink Gaming 🎮 bought another $74 million worth of Ether earlier this week, at an average price of $3,892, as the company saw the Ether decline as a discount buying opportunity.This brought its total corporate holdings to the record $3.5 billion milestone 🏆, equivalent to 859,853 ETH tokens or 2.74% of the total Ether supply.The corporate crypto treasury firm also earned a total of $21.8 million 💹 in staking rewards, in a development that will inspire more large institutions to consider Ethereum for passive income strategies.“Our top priority remains creating value for shareholders through disciplined execution and a relentless focus on accretive ETH accumulation,” said Joseph Chalom 💼, SharpLink’s Co-CEO, during the milestone’s announcement.SharpLink was the first publicly-traded company 📈 to adopt an Ethereum treasury strategy. It is now the second-largest corporate ETH holder after Bitcoin miner Bitmine Immersion Tech (BMNR), which holds a massive $12.3 billion of Ethereum.🇭🇰 Solana ETF Gains Historic Approval in Hong Kong, as the US SEC is in Limbo due to the Government ShutdownIn a historic milestone for the crypto industry, Hong Kong has approved the first Solana ETF, setting a precedent for other large jurisdictions with crypto hub ambitions.Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), approved the ETF on Wednesday, marking the first altcoin ETF in the region after the previous approval of Bitcoin and Ethereum ETFs.The milestone approval also marks the first Solana and altcoin ETF approved in Asia.Meanwhile, industry participants are still awaiting the spot Solana ETF approval in the United States 🇺🇸.However, the US Securities and Exchange Commission (SEC) is not expected to review any crypto ETF applications during the ongoing US government shutdown ⏳.🇨🇦 Canada’s securities regulator has already greenlighted several asset managers to issue spot Solana ETFs back in April 2025.Elon Musk Sends FLOKI Memecoin Soaring 21% as Speculative Investor Energy ReturnsBillionaire Tesla CEO Elon Musk is once again moving cryptocurrency valuations through his pet dog 🐶.The price of the FLOKI token soared over 21% within a single day, as highlighted by CoinStats, after Elon Musk shared a picture of his Shiba Inu🐕, Floki, on his social media platform.“Flōki is back on the job as 𝕏 CEO,” wrote Elon Musk 🚀 on October 20, sharing an AI-generated video of the dog.Elon Musk has previously joked about his dog running the social media company as X CEO, not himself, usually causing a pump for the dog-themed memecoin.Investors often make generational wealth through memecoins, which often requires a combination of experience 📚 and sheer luck.However, most memecoin traders ⚠️ incur losses because the lack of blockchain utility means that meme token momentum relies solely on unsustainable social hype.Coinbase CEO Teases Private Transactions for the Base Blockchain 🔒Coinbase’s purpose-built Ethereum layer-2 blockchain, Base, is working on private stablecoin transactions, signaling a growing investor demand for privacy technologies 🛡️.The team has been working on implementing private stablecoin transactions 🔑 since at least March 2025, according to Coinbase CEO Brian Armstrong.“Base is building private transactions. We acquired the Iron Fish 🐟 team back in Mar 2025 to start working on this,” wrote Coinbase’s CEO in an October 21 X announcement 📣, promising to share more details “soon.”Decentralization enthusiasts see privacy as a basic human right, particularly financial privacy for investment portfolios and daily transactions.However, this blockchain sector took a big legal hit after the prosecution of industry-leading privacy technology founders, such as Tornado Cash’s Alexey Pertsev 🌪️ and Roman Storm, who were charged for contributing code to the non-custodial cryptocurrency mixer.Market Overview: Bitcoin to $200k next after $19 billion 📉 Crypto Market Crash Brings Buying Opportunity, Says Standard Chartered.Retail investor sentiment remained low this week, as demand for digital assets has yet to recover to the levels before the $19 billion liquidation.Bitcoin’s price fell around 3.3% 🔻 over the past week, while Ether took a 5.5% 🔻 decline, despite immense buying from corporate treasury firms.The BNB Chain-based decentralized exchange’s ASTER token took the biggest hit in the top 100, falling over 29% 📉 this past week, CoinStats data shows.Despite the correction 📉, Standard Chartered’s Geoff Kendrick still maintained his Bitcoin prediction of $200,000 by the end of 2025.In fact, he pointed to the record liquidation event as the catalyst that will fuel another phase of discount buying from investors, setting the foundation for new all-time highs 📈.“My official forecast is $200,000 💰 by the end of the year,” Standard Chartered’s head of digital assets told Cointelegraph, adding that a couple more weeks should see investor demand reemerge for cryptocurrencies.Adding to the positive signs of a market recovery, US spot Bitcoin ETFs finally interrupted their 4-day selling streak this week, with a massive inflow of $477 million on October 22.This may signal that investors in the traditional finance space have digested the aftershocks of Trump’s tariff threats ⚠️ and are back to accumulating Bitcoin with expectations of more upside.Looking ahead, investors will be awaiting the release of the US Consumer Price Index (CPI) 📊 on Friday, which is one of the preferred measures for consumer inflation in the world’s largest economy.Next Wednesday, investors will await the US JOLTS report, which will shape investor expectations for the Federal Reserve’s 🏦 incoming interest rate cut, a significant factor for both stocks and cryptocurrencies.Popular analyst and crypto fund manager Michaël van de Poppe also sees the CPI as the next potential market catalyst ⚡ to provide “direction” to the cryptocurrency market.“Altcoins 🔻 are down 20-40% on the month, a bloodbath, which, still, provides enormous opportunities from here onwards, while nobody feels that there’s actually an opportunity in there. Stay tight, be patient, and hold the positions. That’s the best principle,” the analyst wrote on October 23. Tweets & MemesThe crypto market bottom is already in… investors just need to hold tight ✊!Bitcoin is trading at a 31% discount 📉 compared to its Nasdaq relation, signaling an incoming rally.🛡️ Bitcoin’s cost-basis ban holds another key price support.Despite the gloom and doom, open interest points to an imminent altcoin recovery 🚀.A gold correction could bring a massive global rotation 🌍 into Bitcoin. Next big catalyst?Thank you for reading the weekly CoinStats Scoop Newsletter.CoinStats will continue to guide you through the world of crypto and DeFi. We’ll see you next week for another edition of CoinStats Scoop! 😎Thanks for reading CoinStats Scoop! Subscribe for free to receive new posts and support my work.👋 Welcome to the CoinStats Scoop, your weekly newsletter bringing you the most groundbreaking Web3 innovations and market-moving headlines in the crypto space.Stay in the loop with all the key market moves, emerging trends, and exciting developments from the past week 📊.Thanks for reading CoinStats Scoop! Subscribe for free to receive new posts and support my work.This week, cryptocurrency valuations continued to lack momentum after the record $20 billion liquidation event caused Bitcoin’s price to dip to $104,000 briefly 💥.However, corporate treasury companies continued to buy hundreds of millions of Bitcoin and Ether, signaling institutional confidence in the continuation of the cycle despite the correction 🏦.SharpLink Gaming was among the corporations buying the dip, as it surpassed the record $3.5 billion Ethereum holdings milestone earlier in the week.On the regulatory front, Hong Kong’s securities regulator approved the first Solana ETF, marking the first spot SOL ETF to start trading in Asia 🇭🇰.As regulators worldwide are paving the way for institutional entrants through regulated crypto trading products, large whales are also reemerging in what looks like another accumulation phase to fuel Bitcoin’s rally until the end of the year 🐋.In this week’s CoinStats Scoop, you’ll find:💹 Crypto market analysis and the most important news in Web3💎 Sharplink hits $3.5 billion in Ethereum holdings🇭🇰 Solana ETFs approved in Hong Kong’s historic crypto adoption moment🚀 Elon Musk pumps FLOKI memecoin 20%💼 Coinbase CEO teases private transactions for the Base blockchain📊 Analysis and key events that will shape the crypto market next weekSharpLink Hits $3.5 Billion in Ethereum HoldingsSharpLink, the second-largest corporate Ethereum firm, has bought a total of $3.5 billion in Ether, signaling continued institutional buying despite the past week’s record crypto market correction 📉.SharpLink Gaming 🎮 bought another $74 million worth of Ether earlier this week, at an average price of $3,892, as the company saw the Ether decline as a discount buying opportunity.This brought its total corporate holdings to the record $3.5 billion milestone 🏆, equivalent to 859,853 ETH tokens or 2.74% of the total Ether supply.The corporate crypto treasury firm also earned a total of $21.8 million 💹 in staking rewards, in a development that will inspire more large institutions to consider Ethereum for passive income strategies.“Our top priority remains creating value for shareholders through disciplined execution and a relentless focus on accretive ETH accumulation,” said Joseph Chalom 💼, SharpLink’s Co-CEO, during the milestone’s announcement.SharpLink was the first publicly-traded company 📈 to adopt an Ethereum treasury strategy. It is now the second-largest corporate ETH holder after Bitcoin miner Bitmine Immersion Tech (BMNR), which holds a massive $12.3 billion of Ethereum.🇭🇰 Solana ETF Gains Historic Approval in Hong Kong, as the US SEC is in Limbo due to the Government ShutdownIn a historic milestone for the crypto industry, Hong Kong has approved the first Solana ETF, setting a precedent for other large jurisdictions with crypto hub ambitions.Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), approved the ETF on Wednesday, marking the first altcoin ETF in the region after the previous approval of Bitcoin and Ethereum ETFs.The milestone approval also marks the first Solana and altcoin ETF approved in Asia.Meanwhile, industry participants are still awaiting the spot Solana ETF approval in the United States 🇺🇸.However, the US Securities and Exchange Commission (SEC) is not expected to review any crypto ETF applications during the ongoing US government shutdown ⏳.🇨🇦 Canada’s securities regulator has already greenlighted several asset managers to issue spot Solana ETFs back in April 2025.Elon Musk Sends FLOKI Memecoin Soaring 21% as Speculative Investor Energy ReturnsBillionaire Tesla CEO Elon Musk is once again moving cryptocurrency valuations through his pet dog 🐶.The price of the FLOKI token soared over 21% within a single day, as highlighted by CoinStats, after Elon Musk shared a picture of his Shiba Inu🐕, Floki, on his social media platform.“Flōki is back on the job as 𝕏 CEO,” wrote Elon Musk 🚀 on October 20, sharing an AI-generated video of the dog.Elon Musk has previously joked about his dog running the social media company as X CEO, not himself, usually causing a pump for the dog-themed memecoin.Investors often make generational wealth through memecoins, which often requires a combination of experience 📚 and sheer luck.However, most memecoin traders ⚠️ incur losses because the lack of blockchain utility means that meme token momentum relies solely on unsustainable social hype.Coinbase CEO Teases Private Transactions for the Base Blockchain 🔒Coinbase’s purpose-built Ethereum layer-2 blockchain, Base, is working on private stablecoin transactions, signaling a growing investor demand for privacy technologies 🛡️.The team has been working on implementing private stablecoin transactions 🔑 since at least March 2025, according to Coinbase CEO Brian Armstrong.“Base is building private transactions. We acquired the Iron Fish 🐟 team back in Mar 2025 to start working on this,” wrote Coinbase’s CEO in an October 21 X announcement 📣, promising to share more details “soon.”Decentralization enthusiasts see privacy as a basic human right, particularly financial privacy for investment portfolios and daily transactions.However, this blockchain sector took a big legal hit after the prosecution of industry-leading privacy technology founders, such as Tornado Cash’s Alexey Pertsev 🌪️ and Roman Storm, who were charged for contributing code to the non-custodial cryptocurrency mixer.Market Overview: Bitcoin to $200k next after $19 billion 📉 Crypto Market Crash Brings Buying Opportunity, Says Standard Chartered.Retail investor sentiment remained low this week, as demand for digital assets has yet to recover to the levels before the $19 billion liquidation.Bitcoin’s price fell around 3.3% 🔻 over the past week, while Ether took a 5.5% 🔻 decline, despite immense buying from corporate treasury firms.The BNB Chain-based decentralized exchange’s ASTER token took the biggest hit in the top 100, falling over 29% 📉 this past week, CoinStats data shows.Despite the correction 📉, Standard Chartered’s Geoff Kendrick still maintained his Bitcoin prediction of $200,000 by the end of 2025.In fact, he pointed to the record liquidation event as the catalyst that will fuel another phase of discount buying from investors, setting the foundation for new all-time highs 📈.“My official forecast is $200,000 💰 by the end of the year,” Standard Chartered’s head of digital assets told Cointelegraph, adding that a couple more weeks should see investor demand reemerge for cryptocurrencies.Adding to the positive signs of a market recovery, US spot Bitcoin ETFs finally interrupted their 4-day selling streak this week, with a massive inflow of $477 million on October 22.This may signal that investors in the traditional finance space have digested the aftershocks of Trump’s tariff threats ⚠️ and are back to accumulating Bitcoin with expectations of more upside.Looking ahead, investors will be awaiting the release of the US Consumer Price Index (CPI) 📊 on Friday, which is one of the preferred measures for consumer inflation in the world’s largest economy.Next Wednesday, investors will await the US JOLTS report, which will shape investor expectations for the Federal Reserve’s 🏦 incoming interest rate cut, a significant factor for both stocks and cryptocurrencies.Popular analyst and crypto fund manager Michaël van de Poppe also sees the CPI as the next potential market catalyst ⚡ to provide “direction” to the cryptocurrency market.“Altcoins 🔻 are down 20-40% on the month, a bloodbath, which, still, provides enormous opportunities from here onwards, while nobody feels that there’s actually an opportunity in there. Stay tight, be patient, and hold the positions. That’s the best principle,” the analyst wrote on October 23. Tweets & MemesThe crypto market bottom is already in… investors just need to hold tight ✊!Bitcoin is trading at a 31% discount 📉 compared to its Nasdaq relation, signaling an incoming rally.🛡️ Bitcoin’s cost-basis ban holds another key price support.Despite the gloom and doom, open interest points to an imminent altcoin recovery 🚀.A gold correction could bring a massive global rotation 🌍 into Bitcoin. Next big catalyst?Thank you for reading the weekly CoinStats Scoop Newsletter.CoinStats will continue to guide you through the world of crypto and DeFi. We’ll see you next week for another edition of CoinStats Scoop! 😎Thanks for reading CoinStats Scoop! Subscribe for free to receive new posts and support my work.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more