This Week in Crypto: Solana’s Percolator DEX, Binance BTC Accumulation, Kraken xStocks Hits $5B, Turkey’s Speculative Boom, and JPMorgan’s Coinbase Upgrade!
Welcome to our exciting weekly recap in the dynamic world of cryptocurrencies! On Monday, October 20th, 2025, at 9:00:05 AM EST (3:00:05 PM CET), we will analyze the prices of the top 10 cryptocurrencies according to Coin Market Cap and anticipate how the market could evolve throughout the week. On Friday, October 24th, 2025, at 6:00:02 PM EST (12:00:02 PM CET), we will compare these prices with the closing values to identify market trends and fluctuations.
| CRYPTO | INITIAL | % CHANGE | FINAL |
|---|---|---|---|
| BTC | $110,784.04 | -0.2% | $110,567.39 |
| ETH | $4,036.87 | -2.91% | $3,919.35 |
| BNB | $1,113.20 | -0.05% | $1,112.63 |
| XRP | $2.45 | 1.6% | $2.49 |
| SOL | $192.73 | -1.39% | $190.06 |
| DOGE | $0.20 | -2.4% | $0.20 |
| ADA | $0.67 | -2.71% | $0.65 |
| TON | $2.25 | -5.05% | $2.14 |
| AVAX | $20.66 | -6.05% | $19.41 |
Solana Brews “Percolator” — A New Perp DEX to Rival Hyperliquid
Solana founder Anatoly Yakovenko unveiled Percolator, a new perpetual DEX built on Solana with a Router for margin management and a Slab engine for on-chain matching and settlement. The launch follows Hyperliquid’s rapid growth, signaling Solana’s bid to reclaim dominance in the perpetuals trading game.
Binance Bitcoin Outflows Signal Accumulation — $130K BTC in Sight?
Data from CryptoQuant shows Binance’s 30-day BTC outflow average turning sharply negative, suggesting traders are pulling coins off exchanges to hold, not sell. The MVRV ratio has dipped below its 365-day average — a classic cyclical bottom signal — hinting that accumulation is underway. If Bitcoin breaks the $120K resistance, analysts say the path to $130K by year-end could open up.
Kraken Tops $5B in Tokenized Equities Trading
Kraken announced that its xStocks platform — which lets non-U.S. users trade tokenized U.S. equities — has surpassed $5 billion in total volume and $1 billion in on-chain transactions, with over 37,000 unique holders. The exchange also reported Q3 revenues of $648 million, more than doubling year-over-year, as it expands to 160+ countries through partnerships with Bybit, Phantom, OKX Wallet, and Telegram.
Turkey’s $200B Crypto Boom Driven by Speculation, Not Adoption
According to Chainalysis, Turkey leads the MENA region with nearly $200 billion in annual crypto transactions, far surpassing the UAE’s $53 billion. However, the report reveals that this surge is mainly fueled by speculation rather than long-term adoption, as Turkish investors seek refuge from high inflation through short-term trading activity.
JPMorgan Upgrades Coinbase, Sees Up to $34B Opportunity in Base Token
JPMorgan raised Coinbase to overweight from neutral and lifted its price target to $404, citing new monetization opportunities. A potential Base token for its Layer 2 blockchain could add $12– $34B in value, while higher USDC yields via Coinbase One may contribute ~$1 per share. Despite DEX competition, Coinbase’s integrated model supports sustained profitability.
Sources
https://cointelegraph.com/news/solana-founder-new-perp-dex-percolator
https://cryptonews.com/news/binance-outflows-surge-as-traders-choose-to-hold-instead-of-sell-130k-btc-next/
https://www.theblock.co/post/375735/kraken-says-tokenized-equities-trading-surpasses-5-billion-as-revenues-double
https://cointelegraph.com/news/turkey-s-200b-crypto-boom-is-built-on-speculation-not-adoption-chainalysis
https://www.coindesk.com/markets/2025/10/24/jpmorgan-upgrades-coinbase-sees-potential-usd34b-opportunity-in-base-token
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