The total market capitalization of cryptocurrencies continued to rise, increasing by 16.4% in the third quarter of 2025 to reach US$4.0 trillion
The total market capitalization of stablecoins increased by US$44.5 billion in the third quarter, setting a record high of US$287.6 billion, of which USDe and USDC led the month-on-month growth among mainstream stablecoins
The price of Ethereum climbed from US$2,502 to US$4,946 in the third quarter of 2025, setting a record high
BNB achieved explosive growth in the third quarter of 2025, setting a record high of US$1,048 The US dollar hit a record high, with a quarterly increase of 57.3%.
The total market value of decentralized finance increased by 40.2%, regaining its dominant position in various fields.
Centralized exchange spot trading volume increased by 31.6% quarter-on-quarter to US$5.1 trillion in the third quarter of 2025, but was still lower than the US$5.3 trillion in the first quarter.
Perpetual contract trading volume on decentralized exchanges hit a record high of US$1.8 trillion in the third quarter of 2025, with Aster, Lighter, and edgeX becoming new challengers.
This quarter, Hyperliquid maintained its top spot among perpetual contract DEXs with a 54.6% market share, but platforms like Aster, Lighter, and edgeX have challenged its leadership. However, it's important to note that these newer platforms are currently implementing incentive programs, attracting mostly profit-seeking capital. For example, Aster's daily trading volume peaked at $84.8 billion in September.
In terms of open interest, Hyperliquid maintains a significant lead: as of October 1st, its holdings accounted for 75% of the total open interest on perpetual contract DEXs, while other competitors each held less than 10%.
Franklin Templeton has been approved to launch a tokenised US dollar money market fund in Singapore, highlighting the city-state’s leadership in regulated asset tokenisation and rising institutional interest in blockchain finance.
CatherineThe US and UAE agreed to build a huge AI data centre in Abu Dhabi and deepen technology cooperation. President Trump also secured over US$200 billion in deals with the UAE during his visit.
WeatherlyCybercriminals are now leveraging deepfake voice technology to target and extract sensitive information from individuals—including current and former US federal and state officials.
KikyoMéliuz became the first public company in Brazil to adopt Bitcoin as a main part of its business, buying 274.52 BTC for $28.4 million after shareholder approval. Since its first Bitcoin purchase in March, its share price has more than doubled.
AnaisStudents use ChatGPT to write assignments, professors use it to grade them. With AI adoption rising on both sides, concerns grow that no one’s truly reading or writing.
CatherineOh Sang-rok, CEO of Hyperithm, was invited to a private dinner with Donald Trump for being one of the top 25 holders of the Trump meme coin. He holds about $3 million worth of the coin, making him the 13th-largest holder worldwide.
AnaisTwelve more people have been charged in a cybercrime case involving the theft of over $263 million in cryptocurrency. The gang used hacking and social tricks to steal funds, which they spent on luxury cars, nightclubs, and expensive goods.
AnaisCrypto millionaires are hiring private security amidst a global rise in kidnappings and threats. A recent Coinbase data breach exposing names and balances has only deepened fears. As digital defenses improve, attackers are going offline, targeting individuals instead. But are bodyguards and protocols enough—or just a false sense of safety in a still-vulnerable space?
CatherineFormer Binance executive Vladimir Smerkis was arrested in Russia over alleged $15 million fraud linked to past projects, not the Blum crypto app. Blum says he’s no longer involved, but users now worry the promised airdrop may not happen.
WeatherlyA South Korean woman was sentenced to two years in prison for stealing $500,000 in crypto from her boyfriend and attempting to flee. Her case highlights the global rise in crypto-related crimes, sparking concern among regulators and investors.
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