Week of October 28 - November 3, 2025
Financial Times reported that the Chinese government has intervened in the stablecoin issuance plans of major private companies such as Ant Group and JD.com. This follows Hong Kong’s new Stablecoin Regime law. The main reason is that Beijing is concerned private stablecoin issuance could undermine the state’s digital yuan initiative.
JPMorgan is preparing to allow its global clients to use Bitcoin (BTC) and Ethereum (ETH) as collateral for loans. The digital assets will be held by a third-party custodian. The service is expected to launch by 2026, pending regulatory approval.
Tether, the issuer of USDT and the world’s largest stablecoin company, announced that it has surpassed 500 million users worldwide for the first time in history, with a total market capitalization of USD 182 billion. By the end of this year, Tether also plans to launch a new stablecoin called USAT, designed specifically for U.S. users.
Standard Chartered maintains that Bitcoin could reach USD 200,000 by the end of 2025, and even in a worst-case scenario, remain above USD 150,000 — provided that the U.S. Federal Reserve (Fed) continues cutting interest rates as the market expects, which could drive capital inflows into risk assets, including Bitcoin.
Bloomberg reported that over 155 crypto ETFs are currently awaiting review by the U.S. Securities and Exchange Commission (SEC), and that the total number could exceed 200 within the next 12 months.
Western Union is preparing to pilot a stablecoin-based payment system to modernize its cross-border money transfer services for over 150 million customers worldwide. The initiative aims to reduce settlement times and improve capital efficiency. Currently, Western Union processes approximately 70 million transactions per quarter.
Former U.S. President Donald Trump has officially pardoned Changpeng Zhao (CZ), the founder and former CEO of Binance, who had been sentenced for violating U.S. anti-money-laundering laws. The move could pave the way for Binance’s return to the U.S. market and potentially strengthen its role in the next wave of financial innovation.
Bitcoin (BTC) has surged sharply, approaching the key resistance level at USD 117,000. If it breaks above this level, the price could continue to rise and retest its previous all-time high. However, failure to break through may lead to a pullback, with a crucial support level to watch at USD 102,800. Traders may consider entry opportunities near the support zone.
Ethereum (ETH) is facing initial resistance at USD 4,250. A successful breakout could lead the price toward the next resistance at USD 4,530, and potentially back to retest its previous all-time high. However, if ETH fails to break through, traders may look for buying opportunities near the USD 3,650 support level. If the price falls below this point, it’s advisable to cut losses and wait for a clearer signal.
Virtuals Protocol (VIRTUAL) delivered a 55.83% gain over the past week, with prices rising rapidly — suggesting potential high volatility ahead. Traders are advised not to chase the price, but instead wait for a pullback near the USD 1.40 support level for potential entry. The profit-taking target is set around the USD 1.93 resistance level.
Avantis (AVNT) recorded a 45.54% gain over the past week, showing signs of a reversal into an uptrend. The suggested strategy is to buy on dips near the USD 0.64 support level, with a short-term profit-taking target at USD 1.00.
The cryptocurrency market ended the week on a positive note after the latest CPI came in at 3.0%, rising less than expected, while both the U.S. and China confirmed that they had reached an agreement to resolve their trade war, which helped boost Bitcoin (BTC) prices.
On Wednesday, October 29, 2025, the U.S. Federal Reserve’s FOMC meeting will take place, with markets expecting a 0.25% rate cut. Investors will closely watch the post-meeting statement for signals on whether this could be the final rate cut of the year.
Then on Thursday, October 30, the Q3 GDP forecast will be released, expected to show 3.0% growth, down from 3.8% in the previous quarter. If the result meets expectations, it could strengthen the case for another rate cut at the next FOMC meeting.
This week also features Q3 earnings reports from major tech giants APPLE, MICROSOFT, ALPHABET, and AMAZON, which together account for over 35% of the S&P 500’s market cap. Strong earnings or signs of AI-driven business growth could provide a positive boost to both the U.S. stock market and the crypto market.
Investment strategy: With negative factors starting to ease, investors can consider increasing risk exposure and gradually adding positions in tokens that may benefit from potential ETF approvals. If the U.S. government shutdown comes to an end, it could further fuel buying momentum in the market.
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