Today: Gold tanks as ETFs rebound

Market snapshot

Macro moves

Traditional markets were mixed overnight. The Dow Jones gained 0.47%, while the Nasdaq slipped 0.16%, and the S&P 500 closed flat. The 10-year U.S. Treasury yield fell 0.63% to 3.96%, and the U.S. Dollar Index rose 0.28% to 98.88.

Policy and geopolitics

Institutional and corporate updates

• Galaxy Digital posted $505 million in Q3 2025 net profit.
• Coinbase announced the $375 million acquisition of Echo, an on-chain fundraising platform that will soon serve as its official launchpad.
• Asian Exchanges Push Back on Crypto Treasuries: The Hong Kong Stock Exchange and peers in India and Australia have questioned listed firms shifting into digital asset treasury (DAT) models, citing liquidity risk regulations.

Industry highlights

• Solana Mobile officially ended software and security updates for its Saga (Gen 1) device, marking the end of its two-year lifecycle. The second-generation Solana Seeker launched in August 2024. Unopened Saga units are still fetching premiums on secondary markets.
• The Solara meme token community continues to build momentum and development activity.
• Upbit trading volumes have been on a steady decline since January, signaling a continued cooldown in Korean markets.

• OpenAI announced ChatGPT Atlas, a new browser-based extension aimed at improving search and web access.

How to start trading Solana

Alpha radar

• Investors: 25%
• Team: 25%
• Ecosystem Rewards: 24.37%
• Treasury: 13%
• Liquidity: 10%
• Kaito Presale: 1.37%
• Echo Round: 1.26%