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Key Developments in the Cryptocurrency Markets and the Latest Crypto Market Situation.

On the first day of the new week, leading cryptocurrencies Bitcoin traded at $107,388, while Ethereum traded at $3,712. The cryptocurrency market's market capitalization fell to $3.6 trillion.

The cryptocurrency market had a weak start to the week. Investors took cautious positions ahead of this week's US employment data, while US Treasury Secretary Scott Bessent's comments about higher interest rates beginning to pressure some areas of the economy also negatively impacted market sentiment. Furthermore, the cautious atmosphere surrounding US-China trade relations contributed to the decline in overall risk appetite.

The total cryptocurrency market capitalization fell to $3.6 trillion, while Bitcoin opened the week at $107,388. Ethereum traded at $3,712, XRP at $2.41, and Solana at $175.66. Last week, Bitcoin ETFs experienced a total outflow of $607.27 million, while Ethereum ETFs experienced an inflow of $114.18 million.
The EU will establish a common regulatory system for exchanges and cryptocurrency platforms.

The European Commission is preparing to present a comprehensive regulatory package in December that will centralize the oversight of exchanges, cryptocurrency platforms, and clearing houses.

This step is seen as a cornerstone of the European Commission's long-held "Capital Markets Union" project. The implementation of the regulation aims to make it easier for small and medium-sized financial enterprises, in particular, to operate across Europe without having to seek approval from national authorities in different countries. The Commission also has the option of expanding the powers of the existing European Securities and Markets Authority to assume direct oversight of exchanges, cryptocurrency companies, and other cross-border financial institutions. However, this proposal has raised concerns in some member states.
The Commission's package, to be presented in December, is expected to include new issues such as asset tokenization. Following the proposal's submission in December, the process will continue through the ordinary legislative procedure in the European Parliament and the Council. Negotiations are expected to last until 2026.

Stablecoin volume on Ethereum breaks record in October

Stablecoin trading volume on the Ethereum network reached an all-time high in October. This surge in trading volume was driven by investors' search for returns during the crypto market slowdown.

In October, the total on-chain trading volume of stablecoins on Ethereum rose to $2.82 trillion, surpassing the previous record of $1.94 trillion set in September. This increase represents a 45 percent month-over-month growth. USDC led the way with $1.62 trillion in trading volume, followed by USDT with $895.5 billion. Both stablecoins increased their volume compared to the previous month. DAI ranked third with $136 billion in volume, below the $141.2 billion in September and $470.7 billion in May.
DEX trading volume hits record high in October: $613 billion

Decentralized exchange (DEX) trading volume reached an all-time high of $613.3 billion in October. Volume, which was approximately $500 billion in September, saw a sharp increase as investors reorganized their positions.

Trading volume on centralized exchanges also increased in October. Total volume reached $2.17 trillion, the highest level since January 2025. This represents a 28 percent increase compared to September's $1.69 trillion.
In October, DEX volume as a percentage of total exchange volume rose to 19.84%, exceeding the previous month's 18.83%. This increase reflects the growing interest in decentralized platforms. The surge in both DEX and CEX volumes in October was primarily due to the sharp market decline experienced on October 10th. This volatility led investors to reshape their positions.