Altcoins Surge as AI and DeFi Tokens Lead Crypto Market Rebound

I. Crypto Market Overview

Key Takeaways

Macro Environment

The Federal Reserve's recent rate cut and cautious outlook reflect concerns over a cooling US job market and persistent inflation. Surging stablecoin demand, with nearly $1B USDC minted in 24 hours, is boosting DeFi liquidity and supporting short-term crypto stability. Regulatory scrutiny is intensifying globally, with new compliance rules in Brazil and calls for equal oversight of stablecoin issuers in the US.

Crypto Market

The crypto market rebounded, led by altcoins as BTC rose 1.31% to $102,913 and ETH gained 3.70% to $3,437.25. AI and infrastructure tokens outperformed: FET surged 44.45%, FIL jumped 43.19%, and STRK climbed 31.43%, driven by renewed institutional interest and DeFi activity. Broader sentiment improved after ETF inflows resumed, reversing a prior outflow streak.

Today's Outlook

Today, the SEC will announce its decision on the Grayscale DOT spot ETF, a key regulatory event that could impact market sentiment. Additionally, Space and Time (SXT) will unlock 24.64 million tokens (1.62% of supply), potentially affecting SXT's price and liquidity.

Fear and Greed Index

82.00% Annual Percentile

21 Fear

Total Crypto Market Cap

$3.46T

2.34%

Total Market Trading Volume

$223.64B

33.74%

Altcoin Season Index

36.36%

Quarterly Percentile

27 / 100

Total Futures Market Open Interest

3.23B

4.64%

Futures

927.37B

10.46%

Perpetuals

II. Industry Updates

Macro-economic Policies

Federal Reserve Governor Stephen Miran warned that stablecoin issuance could reach $1-3 trillion, potentially increasing global demand for dollar assets and impacting crypto market liquidity and DEFI adoption.

Federal Reserve Vice Chair Michelle Bowman emphasized the need for a level playing field between banks and nonbanks in the stablecoin sector, highlighting risks to traditional banking deposits and possible effects on DeFi capital flows.

Federal Reserve Governor Christopher Mullan noted that widespread stablecoin use may lower the neutral interest rate, potentially strengthening the U.S. dollar and influencing BITCOIN and stablecoin market dynamics.

Circle minted nearly $1 billion USDC in the past 24 hours, reflecting surging demand for stablecoins, which boosts DeFi liquidity and may support short-term crypto price stability.

Hourglass Stable Vault pre-deposits surpassed $1.6 billion, indicating strong institutional and retail demand for stablecoin-based products, which could enhance DeFi TVL and market resilience.

Cryptocurrency Regulatory Trends

Brazil's Finance Ministry announced a regulatory overhaul to combat crypto-related crime, introducing stricter compliance rules and specialized police units, which may increase compliance costs and reduce illicit activity in the market.

Federal Reserve Governor Stephen Miran warned that stablecoin issuance could reach $1-3 trillion, potentially impacting global monetary policy and increasing demand for dollar assets, which may drive regulatory scrutiny and affect stablecoin adoption.

Federal Reserve Vice Chair Michelle Bowman emphasized the need for equal regulatory treatment of banks and nonbanks in stablecoin oversight, highlighting concerns over deposit outflows and financial stability, which could influence future stablecoin regulations.

Circle minted nearly $1 billion in USDC within 24 hours, reflecting surging demand for regulated stablecoins amid growing regulatory focus, which may boost market liquidity but also attract further oversight.

Spanish authorities arrested the leader of a $300 million crypto pyramid scheme, signaling intensified enforcement against crypto fraud, which could enhance investor protection but also heighten regulatory barriers for new entrants.

Artificial Superintelligence Alliance (FET): FET surged 43.9% in 24h, leading Top Gainers as AI token narratives returned; price action driven by renewed institutional interest and high trading volume exceeding $1B.

Filecoin (FIL): FIL jumped 41.9% in 24h with $3.45B volume, fueled by strong demand for decentralized storage and AI-related infrastructure, making it the top traded altcoin outside BTC/ETH.

Starknet (STRK): STRK rose 32.3% in 24h, ranking among top gainers as Layer-2 and staking narratives gained traction; price supported by increased DeFi activity and network participation.

Smart Money Movements

JPMorgan increased its IBIT Bitcoin ETF holdings by 64% to 5,284,190 shares, valued at $343 million, as of September 30, 2025, according to its latest 13F filing.

A dormant Bitcoin wallet from 2016 transferred 216.95 BTC, worth $22.47 million, to a new address after 3,412 days of inactivity, coinciding with Bitcoin's price reaching $104,044.

A crypto whale opened a $43 million leveraged long position on Ethereum using 20x leverage on Hyperliquid, depositing $2.43 million USDC to control 13,976 ETH with a liquidation price at $3,311.7.

The USDC Treasury transferred 100 million USDC ($100,000,200) to Coinbase, indicating significant liquidity movement between the stablecoin issuer and the exchange on November 7, 2025.

LayerZero Labs executed a $10 million buyback of its ZRO token, causing an 11% price increase to $1.73, and announced plans for further purchases to support the token's value.

Events to Watch

Nov 8 (Sat)

SEC to announce decision on Grayscale DOT spot ETF; 24.64 million SXT tokens ($1.3M) unlock, 1.62% of supply.

Nov 9 (Sun)

BounceBit (BB) will unlock 29.93M tokens ($3.3M, 3.85% of supply); Tria Blockchain Infrastructure IDO on Nozomi launchpad.

Nov 10 (Mon)

Linea will unlock 2.58B tokens ($29.16M, 16.34% of market cap); GamerCoin (GHX) snapshot at 14:00 UTC; Immunefi IMU IDO event.

Nov 11 (Tue)

APT will unlock 10.94M tokens ($29.31M, 1.52% of supply); UK GDP data release at 2 AM ET; Helium HNT AMA livestream at 17:30 UTC.

Nov 12 (Wed)

HKMA to hold 1-year HONIA-indexed notes tender; Immunefi public sale on CoinList; ChiCha Finance (CHI) IDO starts; Edgen Expert plan offer for $AERO holders ends.

Table of Contents