SOL ETFs begin trading: Can Jito drive a network rebound?
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This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Crypto markets had a modest start to a headline-heavy week. BTC closed Monday at ~$114K, down -0.2% on the day, outperforming gold but underperforming US equities. Gold is finally cooling off, closing below $4,000 (-1.6%), while the three major stock indexes (S&P 500, Nasdaq 100 and Dow Jones) hit new all-time highs, with tech stocks leading gains. The positive momentum in US equities was partly driven by constructive US-China trade talks ahead of Thursday’s meeting between the leaders of both countries. While on macro, investors are also anticipating the Fed will cut rates by 25 bps on Wednesday, with the CME projecting a 98% probability of a rate cut. Additionally, this week will also be dominated by Q3 earnings announcements, including Big Tech names like Apple and Meta, as well as Coinbase on the crypto side. Regarding cross-index performance, the only sectors that outperformed the Nasdaq on Monday were AI (+2.4%) and Crypto Miners (+1.5%). On the miners index, RIOT was the best performing stock, rising ~7% yesterday ahead of its Q3 earnings report on Thursday. All other crypto-related sectors were negative on the day, except crypto equities, which closed slightly higher (+0.2%). As mentioned, Coinbase will announce Q3 earnings on Thursday (Oct. 30), after market close. The US crypto exchange announced a partnership with Citi yesterday to develop a payments solution for institutional clients. The solution will focus on improving on- and off-ramps and other infrastructure initiatives. COIN traded up as high as 5.3% intraday, before closing up 2%. While investors were constructive on Coinbase’s collaboration with Citi, they had preliminary negative views on Galaxy’s announcement of a $1 billion private offering of exchangeable senior notes due 2031. Although the company mentioned it intends to use…
Filed under: News - @ October 28, 2025 3:29 pm