Crypto Surges: Strategy Hits $2.8B, Coinbase Posts $433M Q3 Profit

 

Crypto Market Update: Coinbase Reports $433M Q3 Profit, Strategy Posts $2.8B as Global Markets Shift

The global cryptocurrency market continues to demonstrate both resilience and volatility as institutional and retail investors navigate shifting economic conditions. As of today, the overall crypto market capitalization stands at approximately $3.76 trillion, reflecting a 2% decline over the past 24 hours. Daily trading volume reached $193 billion, underscoring sustained interest in digital assets despite broader market caution.

Source: Forex Factory

Bitcoin remains the undisputed leader in the cryptocurrency sector, commanding a 58.2% dominance, while Ethereum holds a 12.3% share of the market. Across the ecosystem, a total of 19,393 cryptocurrencies are actively tracked, with privacy coins and the XRP Ledger ecosystem emerging as some of the strongest gainers over the past 24 hours.

Bitcoin and Ethereum Price Movements

Bitcoin (BTC) is trading at $109,534, down 0.9% in the past day, with $74 billion in trading volume. Despite minor fluctuations, BTC continues to anchor the cryptocurrency market as a dominant store of value. Ethereum (ETH) follows at $3,841, down 2% over the same period, with trading volumes of $37.5 billion. The Ethereum network remains central to DeFi, NFTs, and smart contract applications, underpinning its continued relevance in digital finance.

Trending Coins and Market Movers

Among the top trending coins, BlockchainFX (BFX) saw a significant drop of 42.9% to $0.03787, with $10.38 million in trading activity. Bitcoin gained slightly, trading up 1% at $109,650 on $74.56 billion volume. Solana (SOL) and Aster (ASTER) experienced declines of 4.3% and 8.3%, respectively, while Aerodrome Finance (AERO) surged 6.5% to $1.08, highlighting the continued volatility across different sectors.

Top gainers in the past 24 hours include Jelly-My-Jelly (JELLYJELLY), which rose 39.3% to $0.1596, Aurora (AURORA) up 38.8% to $0.09724, and Impossible Finance Launchpad (IDIA), climbing 38.2% to $0.05261. Meanwhile, major losers include Figure Heloc (FIGR_HELOC), falling 76.6%, ChainOpera AI (COAI) down 41.5%, and Niza Global (NIZA), which dipped 32.4%.

Stablecoin and DeFi Market Overview

Stablecoins maintain a market cap of $311 billion with $148 billion in trading volume, reflecting a minor 0.3% decline. The DeFi sector, meanwhile, holds a market cap of $137 billion, down 3.4% in the last 24 hours, with $10 billion in trading volume. DeFi’s dominance remains at 3.7%, indicating steady but cautious growth.

The Fear & Greed Index has fallen to 29, signaling strong market fear among investors. This reflects concerns over macroeconomic uncertainty, regulatory risk, and liquidity pressures. Historically, such market sentiment can present accumulation opportunities for long-term investors who see potential in temporary price declines.

Source: Alternative Me

Key Market News

MicroStrategy Reports $2.8B Q3 Profit
MicroStrategy, the Bitcoin-focused software and investment firm, posted a third-quarter profit of $2.8 billion, or $8.42 per diluted share, driven largely by gains from its Bitcoin holdings totaling more than 640,000 BTC, worth approximately $68 billion at current prices. The Tysons Corner, Virginia-based company has pioneered institutional Bitcoin accumulation, and despite recent share price declines—still down roughly 45% from its 2024 peak—the firm’s long-term investment strategy continues to attract attention.

Coinbase Q3 Profit Surges to $433M
Coinbase, the U.S.-based cryptocurrency exchange, reported a Q3 2025 profit of $433 million ($1.50 per share), up significantly from $75.5 million during the same period last year. Trading volatility and increased user activity drove transaction revenue to $1.05 billion. The results reflect Coinbase’s ability to capitalize on market movements and maintain a competitive edge among major cryptocurrency exchanges.

Garden Finance Hack Highlights Security Concerns
In cybersecurity news, blockchain analytics expert ZachXBT reported that Garden Finance suffered a hack resulting in losses exceeding $5.5 million. The platform has offered a 10% bounty for the return of funds, echoing recent incidents linked to exchanges like Bybit and Swissborg. The breach has reignited discussions on security protocols and risk management within decentralized finance platforms.

Japan Regulatory Updates Impact Bybit
Japanese authorities have implemented new restrictions affecting Bybit, which will stop accepting new users in the country starting October 31. Existing users can continue trading, though additional regulatory measures may follow. The regulatory move underscores Japan’s cautious approach to investor protection in crypto markets, following warnings issued in 2021 and 2023.

Bank of Japan Maintains Interest Rates
The Bank of Japan held interest rates steady at 0.5%, signaling potential rate hikes in December depending on wage growth data. Governor Kazuo Ueda emphasized that decisions will balance economic recovery and inflation control, highlighting the intersection of traditional monetary policy and cryptocurrency market sentiment.

dYdX Expansion to U.S. Market
Decentralized exchange dYdX announced plans to enter the U.S. market by year-end, launching spot trading for Solana and other cryptocurrencies. Perpetual contracts will not yet be available. CEO Eddie Zhang also stated that trading fees will decrease to a range of 0.5–0.65%, aiming to attract both institutional and retail traders.

Avalon Labs Releases AI-Powered On-Chain Whitepaper
Avalon Labs unveiled a whitepaper introducing the first AI-powered Real-World Asset (RWA) marketplace and AI-Model-as-a-Service (AI-MaaS) on BNB Chain. Featuring reinforcement learning models and a new Commercial Rights Tokenization (CRT) standard, the platform aims to enable tokenized AI services for enterprises, backed by YZi Labs and Framework Ventures.

x402 Launches Crypto Payment Standard for AI Agents
The new x402 payment standard has been introduced to enable automated micropayments for AI agents and software using stablecoins. Backed by Cloudflare, Google, and Visa, x402 could transform machine-driven internet commerce, creating a new era of decentralized autonomous payments.

Nordea to Offer Bitcoin ETPs
Nordea Bank, the largest in the Nordic region, announced plans to allow customers to invest in Bitcoin-linked synthetic exchange-traded products (ETPs) through CoinShares starting December 2025. The bank will provide trading services without offering investment advice, reflecting growing European institutional acceptance of crypto assets.

Crypto Gains Institutional Validation
JP Morgan CEO Jamie Dimon publicly acknowledged cryptocurrencies as “real,” signaling a notable shift in traditional banking sentiment. Once a vocal critic of digital assets, Dimon now recognizes their growing role in global financial systems.

Global Geopolitics and Market Impact
In global economic news, U.S. President Donald Trump described his meeting with Chinese President Xi Jinping as productive. Agreements include increased Chinese purchases of U.S. agricultural products and energy, stable access to rare minerals, and cooperation to curb fentanyl trafficking. These developments may influence global investor sentiment, indirectly affecting cryptocurrency markets.

Outlook

The cryptocurrency sector remains a dynamic and rapidly evolving landscape. With institutional adoption increasing, regulatory frameworks shaping market access, and technological innovation accelerating, both opportunities and risks coexist. Investors are advised to monitor macroeconomic conditions, emerging DeFi projects, and regulatory developments to navigate this high-stakes environment effectively.

Writer @Ellena

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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