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The global crypto market added $190 billion, reaching $4.019 trillion, as Bitcoin rebounded to $115,000 and Ethereum reclaimed $4,100.
BNB soared to a record $1,370, Hyperliquid launched its decentralized HIP-3 upgrade, and WazirX gained court approval for restructuring after its $234 million hack.
Institutional confidence returned with $2.71 billion flowing into Bitcoin ETFs, while Solstice Finance’s USX stablecoin reached $200 million TVL on Solana.
The global cryptocurrency market has recovered sharply after last week’s crash, gaining nearly $190 billion in total market value within just 24 hours. The total market cap has increased to $4.019 trillion as of October 13, 2025, up from $3.83 trillion the previous day.
This increase comes amid concerns over US-China trade tensions, with Bitcoin (BTC) climbing near $115,000 again, and Ethereum (ETH) reclaiming $4,100.
The decentralized exchange Hyperliquid has successfully rolled out its HIP-3 upgrade, allowing developers to create their own permissionless perpetual DEX (perp DEX) markets HyperEVM blockchain.
Under the new framework, developer teams must lock up 500,000 HYPE tokens as safety deposits for the deployment of their markets, ensuring responsibility and high standards. The stake can be cut off in cases of unfair trading or protocol abuse.
HIP-3 is a major milestone toward decentralized market creation, as it allows the teams to create the trading conditions, dictate fees, and choose oracle providers.
Hyperliquid retains over $15 billion in open interest, and its native token HYPE has gained 13% to $42.13, fueled by $106.5 million in monthly buybacks.
Binance Coin (BNB) added 11% to its rally, reaching a new all-time high of $1,370, with a market cap of $187 billion. The surge marks a strong recovery following last week’s market crash and controversy surrounding Binance Earn’s depegging incident.
The depeg affected three assets: USDe (Ethena’s stablecoin), BNSOL (Solana staking token), and WBETH (Wrapped Beacon ETH). Binance paid $283 million to the verified users who were affected, covering all losses.
Despite the scrutiny, market sentiment remains bullish, and the charts of BNB/USD confirm strong momentum.
Analysts predict a rise towards $1,500, supported by solid fundamentals and renewed investor confidence in Binance’s ecosystem.
The Indian cryptocurrency trading platform WazirX has received approval from the Singapore High Court for its restructuring plan, following the $234 million hack in July 2024. This ruling allows the exchange to start operating again and begin repaying over 150,000 affected users.
Founder Nischal Shetty thanked the community on X, writing: “The Singapore High Court has approved the scheme. Your support and love made this possible.”
The hack, linked to North Korea’s Lazarus Group, exploited vulnerabilities in the exchange’s Safe Multisig wallet. Under the new plan, repayments will occur through token-based distributions, with full fund recovery expected within two to three months.
The decision marks a major milestone for the Indian crypto sector, restoring some confidence after one of the largest-ever cyberattacks.
The Smarter Web Company, a Bitcoin treasury firm based in the UK, announced that it had increased its Bitcoin holdings by 100 BTC, totaling 2,650 BTC worth approximately £219.57 million.
The firm disclosed that it spent £9.07 million for the recent purchase, highlighting growing interest in corporate treasuries in digital assets as inflation hedges. The company's Bitcoin portfolio has earned a yield of 57,718% for the year and 0.58% for the quarter.
Institutional demand also surged last week as Bitcoin spot ETFs recorded $2.71 billion in net inflows, according to SoSoValue. BlackRock’s IBIT ETF dominated with $2.63 billion, followed by Fidelity’s FBTC ETF with $88.96 million. Meanwhile, Grayscale’s GBTC logged a modest $93.37 million outflow.
The total assets under management across all Bitcoin ETFs have now reached $158.96 billion, representing 6.98% of Bitcoin’s total market value, a clear indicator of renewed institutional confidence after the recent volatility.
Also Read: Bitcoin Price Holds Near $115,000 After Sharp Volatility
Solstice Finance launched its USX stablecoin and YieldVault on the Solana blockchain, resulting in total value locked (TVL) exceeding $200 million in a short period. The project received backing from Galaxy Digital and Deus X Capital, which fueled the investor sentiment and enhanced liquidity.
Solana (SOL) is currently trading at $198.33, with a market cap of $108.4 billion and 23.69% growth over the past 90 days.
Analysts believe USX could boost Solana’s DeFi landscape, as it will be able to provide yield-generating stablecoin solutions that are compliant and appeal to both retail and institutional players.
1. What caused the crypto market’s $190 billion rebound?
The rebound followed easing US-China tensions and heavy institutional inflows into Bitcoin ETFs, restoring market optimism.
2. What is Hyperliquid’s HIP-3 upgrade?
HIP-3 allows developers to create independent perpetual DEX markets by staking 500,000 HYPE tokens, boosting decentralized trading.
3. Why did BNB hit a new all-time high?
BNB rallied 11% to $1,370 after Binance compensated $283 million in depegging losses, reinforcing investor confidence.
4. How does WazirX’s court approval impact users?
The Singapore High Court’s approval lets WazirX restart operations and repay over 150,000 users affected by the 2024 hack.
5. What do the $2.71 billion Bitcoin ETF inflows indicate?
The inflows, led by BlackRock and Fidelity, reflect strong institutional buying and renewed faith in Bitcoin’s long-term value.
