Another week, another filter test. From $300 trillion typos to whales buying the dip, the markets did what they do best: test everyone’s conviction. Here’s your Web3 weekly recap of what really moved the space:

🏗 Coinbase' $375M deal

Coinbase just dropped $375M to acquire Echo - a platform built for on-chain fundraising and token launches. The move puts Coinbase right in the middle of the capital formation game, connecting startups and investors directly through blockchain rails. Echo’s tools are designed to make fundraising transparent and compliant - a perfect fit for a future where exchanges evolve into ecosystems, not just order books. With regulators closing in and institutional money moving in, they’re building the rails for tomorrow’s Web3 capital markets. Once Echo merges into the Base ecosystem, retail investors and builders might finally meet on the same chain.

💸 $300,000,000,000,000 minted by mistake

Yes, that’s $300 trillion with a “T”. Paxos, the issuer behind PayPal’s PYUSD stablecoin, accidentally minted more money than the entire planet’s GDP. A decimal bug created the chaos, and the team burned the excess supply within minutes. No funds were lost, no peg was broken but the memes? Unstoppable. Behind the humor, the incident exposed how even regulated issuers aren’t immune to human error. For a company built on “trust”, this was an expensive reminder that code precision isn’t optional. The fix was quick, but the damage to confidence will linger longer. Stables might be stable, but human fingers still aren’t.

📉 Uptober Turns into Downtober

Bitcoin’s decade-long “Uptober” streak is officially over. October 2025 just became BTC’s worst in ten years - down 5% as $19B in leveraged positions went poof. Tariffs, macro tension, and a rising dollar created the perfect storm. Institutional money started exiting, traders moved to stables, and CT turned from euphoric to existential overnight. For long-term holders, it wasn’t panic — it was perspective. Bitcoin isn’t dead, it’s just recalibrating after ten straight years of “up only.” The chart looks rough, but conviction doesn’t.

🐋 $ETH Whales up

While everyone else freaked out, Ethereum whales quietly went shopping. Around 170,000 ETH left exchanges for private wallets in just three days. That’s not retail behavior. It’s accumulation. It’s confidence. It’s smart money playing the long game while Twitter argues about gas fees. Analysts think whales are positioning for the next upgrade cycle or chasing staking yields as supply tightens. Either way, the takeaway’s the same when whales move silently, something’s brewing.

💥 Engineered panic?

New on-chain data suggests the $19B liquidation crash on October 10 wasn’t just panic - it might’ve been precision. Massive shorts opened across major exchanges seconds before the cascade began, triggering a brutal wave of forced liquidations. Add in liquidity gaps and macro fear, and it looked less like chaos, more like choreography. Whether it was coordinated or opportunistic, the effect was the same: a reset that wiped billions in open interest and exposed how fragile crypto’s leverage ecosystem still is.

💵 Stables' domination

While the spotlight stays on meme coins, stablecoins are quietly running the industry. a16z’s State of Crypto report shows they now power 64% of all blockchain transactions, moving roughly $772B a month across Ethereum and Tron. They’re no longer sidekicks to trading, they are the infrastructure. Used for remittances, B2B payments, and savings, stablecoins have become Web3’s real utility layer. Issuers now hold over $150B in U.S. Treasuries, making them shadow players in global finance. By 2030, stablecoin volumes could top $3T annually. Boring? Maybe. But that’s how revolutions work - quietly at first.

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🧲 The market shakes. Retail panics. Builders keep shipping.
Every reset filters out the noise and clears space for the real ones.Magnet stays with the ones who keep moving.