For the week ending November 1, 2025, Bitcoin’s rally on easing U.S. inflation quickly gave way to a sharp reversal, closing lower despite briefly touching $115,500 midweek.
Altcoins followed suit, first surging, then slipping, as traders weighed new macro signals and project-specific catalysts. From Arbitrum’s RWA boom to PayPal’s dividend surprise and Pi Network’s collapse, this week proved the market’s volatility is alive and well.
Dive into this week’s biggest stories, key winners, and tokens shaping the next wave of crypto momentum below.
Toncoin Rallies as Telegram Launches Cocoon AI Network
Toncoin surged 8% to $2.34 after Telegram unveiled Cocoon, a decentralized AI network rewarding GPU providers in TON. The launch, alongside Chainlink’s CCIP and Data Streams going live on TON, boosted sentiment and DeFi prospects, hinting at a November recovery if market momentum holds.
BNB Chain Activity Soars as Price Struggles
BNB slipped 21% from its yearly high to around $1,078, but on-chain activity is booming. BSC processed 578M transactions in 30 days, a 137% surge, driving network fees past $70M and boosting token burns. Despite political noise around CZ’s pardon, BNB remains above key support near $1,000.
ECB Targets 2027 for Digital Euro Pilot Launch
The European Central Bank plans to begin a digital euro pilot in 2027, pending EU approval of its legal framework next year. The project, entering its technical readiness phase, aims for full rollout by 2029 to safeguard monetary sovereignty and modernize Europe’s payment system.
Zcash Eyes $500 After Explosive 950% Rally
Zcash (ZEC) has surged nearly 1,000% since September, fueled by Grayscale’s $137M Zcash Trust and bullish sentiment from BitMEX founder Arthur Hayes, who predicts $1,000 next. The privacy coin now threatens Monero’s dominance as demand for shielded transactions and privacy-focused tokens spikes.
Hyperliquid Holds Steady as Buybacks and Fees Cushion Market Volatility
Hyperliquid’s HYPE token trades near $47.9 after a turbulent week that included a flash spike on rival Lighter Exchange. Despite competition and volatility, rising fees, a $644M buyback fund, and strong on-chain revenues reinforce investor confidence as the project maintains dominance in decentralized perpetuals.
PayPal Surges After Dividend Launch and Strong Q3 Results
PayPal’s stock climbed 20% this month after unveiling its first-ever dividend and strong Q3 earnings. The fintech giant reported $458B in payments and $8.47B in revenue, both up 7%. PYUSD’s market cap also topped $2.7B as PayPal pivots from growth to value.
VIRTUAL Soars 60% as Agent-to-Agent Activity Explodes
VIRTUAL surged over 60% to $1.65 as agent-to-agent transactions on the Virtuals network jumped fivefold following its Coinbase x402 integration. The spike marks rising adoption in the “agentic economy,” with ecosystem apps like VPay and AurraCloud driving use cases. Technicals now eye $1.70–$2.10 resistance.
Western Union Tests Stablecoin Settlements After GENIUS Act Approval
Western Union plans a stablecoin pilot to modernize cross-border transfers and move beyond traditional banking rails. Announced after the GENIUS Act’s passage, the program will test on-chain settlements to speed transactions and reduce costs, especially for users in inflation-hit regions with limited access to stable financial services.
Pi Network Collapses 93% as Hype Fades and Users Abandon Ship
Once a viral crypto project with 60M users, Pi Network has nearly flatlined. Its token trades 93% below its peak, daily volume has collapsed, and no major exchanges list it. With no roadmap, developer activity, or ecosystem growth, most pioneers have walked away.
Dash Price Breaks Out as Privacy Coins Regain Momentum
Dash surged nearly 19% to $49 after a key breakout, leading a broader rally among privacy coins like Zcash and Monero. The move follows renewed focus on financial privacy and Dash’s “Project Three Billion” initiative, which expands real-world payment utility across 20+ countries. Analysts now eye $55–$60 next.
