State of the Market is a weekly newsletter contextualizing the week’s crypto market movements with concise commentary from the Coin Metrics team, rich visuals, and timely data.

SOTM October 30 – November 5, 2025
Bitcoin Falls Below $100K | Bitwise and Grayscale Launch Solana Spot ETFs | Ripple Raises $500M at $40B Valuation |

SOTM October 23-29, 2025
Digital Asset Markets Pulled Back Following Federal Reserve’s Rate Cut | Spot Solana, Litecoin, and Hedera ETFs Launch in the

SOTM October 17-23, 2025
Crypto Markets in Recovery Mode with BTC Near $110K | U.S. Federal Reserve Proposes Payments Accounts” | T. Rowe Price

SOTM October 10-16, 2025
Crypto Markets See Historic Leverage Unwind Wiping out $470B in MC | Ripple Acquires GTreasury for $1B | Paxos Accidentally

SOTM October 3-9, 2025
BTC Reaches New ATHs | Grayscale Enables Staking in ETH ETFs | Intercontinental Exchange Invests in Polymarket | S&P Global

SOTM September 26 – October 2, 2025
BTC Surges past $120K as ETH Climbs Past $4,400 & SOL Crosses $230 | SWIFT to Develop Blockchain-based Settlement System

SOTM September 19 – September 25, 2025
Digital Asset Markets See Heightened Volatility | Tether Eyes $15–20B Raise at ~$500B valuation | Plasma Launches Mainnet with $2B

SOTM September 11 – September 17, 2025
Markets Rally on Fed Rate Cuts | SEC Approves Generic Listing Standards for Spot Crypto ETFs | Grayscale Receives SEC

SOTM September 4 – September 10, 2025
Digital Asset Market Cap Rises | Cboe Announces Plans to Launch“Continuous Futures” for BTC and ETH |SEC Delays Decisions for

SOTM August 28 – September 3, 2025
Crypto Market Cap Holds at $3.86T | Galaxy Digital Partners with Superstate | Ondo Finance Launches Ondo Global Markets |

SOTM August 21-27, 2025
BTC Trades Between $110K and $116K | Pantera Capital Announces Plans for a $1.25B Solana DAT | Google Cloud Unveils

SOTM August 14-20, 2025
Bitcoin and Altcoins Retreat | Bullish Completes $1.15B IPO | MetaMask Introduces mUSD | China Considers Launch of Yuan-Backed Stablecoins