As the cryptocurrency market continues to fluctuate, late October 2025 will witness several significant events, including the launch of new tokens, airdrop announcements, exchange expansions, and institutional Bitcoin reserve plans. These developments not only reflect the market's enthusiasm for AI, DeFi, and meme assets but also highlight the coexistence of regulation and risk. Here are the key highlights of the week.
New Launches and Contract Trading: Astra Nova (RVV) Takes the Lead
Binance, as a leading global exchange, will launch spot trading for Astra Nova (RVV) on its Alpha platform at 21:00 (UTC+8) on October 18, 2025, and will introduce the RVV/USDT perpetual contract at 21:30, with a maximum leverage of 50 times. This will be the first platform announced by Binance to support RVV contract trading, marking the official entry of this AI-driven entertainment ecosystem into the mainstream trading circle. Astra Nova combines NVIDIA AI, the experience of the Shiba Inu team, and collaboration with Saudi NEOM city, with its TokenPlay.ai platform attracting 250,000 creators. The total supply of RVV is 10 billion tokens, and the Token Generation Event (TGE) will start at 13:00 (UTC) on the same day.
To celebrate the launch, Binance is launching a Booster event where users can participate using Alpha points to share a 5.5% RVV supply (550 million tokens) airdrop. However, it should be noted that the reward tokens will enter a lock-up period until the project is officially unlocked, and users must assess market volatility, liquidity, and project risks on their own. KuCoin will also launch RVV/USDT spot trading at 14:00 (UTC) on October 18, supporting trading bots like Spot Grid. Analysts predict that RVV's market capitalization will start from several million dollars after its listing, benefiting from the platform's fee buyback mechanism, with significant potential for growth, but early speculation risks should not be overlooked.
Airdrop Announcements and Financing Dynamics
Cryptocurrency trading infrastructure startup aPriori released an airdrop announcement tweet on October 17 on the X platform: "Airdrop claim loading (49% completed)," sparking community discussions. The company previously completed a $20 million Series B financing round on August 28, led by HashKey Capital, Pantera Capital, and Primitive Ventures, with total financing reaching $30 million. aPriori employs high-frequency trading strategies aimed at addressing pain points in the crypto market, such as widening spreads and MEV (Maximum Extractable Value) leakage, with further airdrop details expected to be announced soon.
Meanwhile, the potential airdrop list for Q4 2025 includes MetaMask, Base, Aster, and OpenSea. Aster's Stage 2 points activity will end on October 5, with 4% of ASTER supply distributed to point holders. Investors can enhance their eligibility by trading NFTs or participating in ecological tasks, but they should be wary of scam risks.
Exchange Expansion: South Korea and Global Layout
South Korean exchange Bithumb announced on October 17 that it will launch Infinit (IN), Doodles (DOOD), and Yield Basis (YB) trading pairs in Korean won. Following the announcement, IN rose by 6.78%, DOOD by 8.37%, and YB by 8.41%, reflecting strong demand in the South Korean market for these DeFi and NFT projects. As the second-largest exchange in South Korea, Bithumb's move further enriches its KRW support, helping local users avoid dollar fluctuations.
OKX is also active, opening ASTER deposits at 10:00 (UTC+8) on October 17, supporting early orders from 13:00 to 14:00, and starting ASTER/USDT spot trading at 14:00. To prevent volatility, market orders will be disabled for the first 5 minutes, with a limit order cap of $10,000. ASTER, as the governance token of AsterDEX, had its TGE on September 17, with its price soaring 875% from $0.02, currently hovering around $1.28, with a trading volume of $1.21 billion. This listing may exacerbate the long and short divergence in the derivatives market.
Coin-Stock Linkage: Zhao Changpeng's Warning and QMMM Crisis
Binance founder Zhao Changpeng (CZ) spoke out regarding the QMMM Holdings incident reported by Caixin, stating: "All DAT (Digital Asset Trust) companies should use third-party custody, and account setups must be reviewed by investors. This is a prerequisite for YZi Labs' investment in BNB-related DAT." QMMM (NASDAQ: QMMM) announced on September 9 that it would invest $100 million in crypto reserves, with its stock price skyrocketing 9.6 times in three weeks. However, the SEC indicated at the end of the month that it was suspected of manipulating stock prices on social platforms, leading to a suspension from September 29 to October 10. Caixin's visit to its Hong Kong headquarters on October 16 found the office empty, with its subsidiaries Manymany Creations and Quantum Matrix primarily engaged in media animation, registered at Hong Kong's Seaview Building.
NASDAQ subsequently suspended trading again on October 11, requesting additional information. This case highlights the risks of integrating crypto with traditional stocks, as QMMM, a Cayman holding company, faces a pre-tax profit margin of -44.8% and a delisting threat. CZ's advice emphasizes custody transparency, which may become a new industry standard.
Institutional Bitcoin Reserve Craze
The board of directors of Hong Kong's International Commercial Settlement (00147.HK) has resolved to purchase no more than HKD 200 million in Bitcoin within the next two months, with the total price referencing the group's finances. The company had already purchased 105.88972 BTC through its joint venture Keen Golden on September 24, continuing its Fintech infrastructure strategy, which analysts view as a signal of Hong Kong enterprises embracing crypto.
U.S. media company Newsmax (NYSE: NMAX) plans to establish a $5 million reserve of Bitcoin and TRUMP meme coins, with the board approving phased purchases within a year, becoming the first NYSE-listed company to hold TRUMP. CEO Christopher Ruddy referred to BTC as the "gold standard of crypto," and Newsmax will collaborate with institutional custodians to ensure security. This plan may enhance its appeal among conservative investors.
U.S. real estate giant Cardone Capital, after purchasing 300 BTC last week, added another 200 BTC, totaling $21.6 million (approximately $108,000 each). CEO Grant Cardone tweeted that this move utilizes real estate cash flow to buy BTC at a low price, aiming for a 50/50 allocation between real estate and crypto. This strategy highlights confidence as the market fear index reaches 28/100, with Cardone viewing BTC as an anti-inflation tool.
Upcoming Unlocks: Market Pressure Test
The wave of unlocks in late October will inject over $446 million in new supply, potentially triggering volatility. On October 16, Arbitrum (ARB) unlocked 92.65 million tokens ($31.63 million, accounting for 1.99% of circulation); on October 15, Connex (CONX) released 2.32 million tokens ($3.24 million); and on October 18, FastToken (FTN) will unlock 20 million tokens ($40.20 million). Additionally, the early unlock effects of Sui (SUI), EigenLayer (EIGEN), and Ethena (ENA) are still felt, while daily linear unlocks for Solana (SOL) and Worldcoin (WLD) continue.
Tokenomist data shows that the total unlock in October exceeds $1 billion, involving Aptos, ENS, and ImmutableX. Investors should monitor changes in circulating supply to avoid sell-off impacts. In the long term, such events promote liquidity, but in the short term, they may exacerbate the long-short game.
Upcoming Token Unlock Table
#
Project
Price
24h
Market Cap
FDV
Circulating Supply
Unlocked Ratio
Next Unlock Value
Unlock Time
1
ERA
$0.39
↓4.98%
$58.24M
$392.20M
148M
14.85%
$21.53M 36.98%
October 17, 14:30
2
MANTA
$0.11
↓6.66%
$51.70M
$114.46M
450M
45.07%
$213.86K 0.41%
October 17, 14:30
3
ACE
$0.31
↓6.46%
$23.82M
$44.68M
78M
53.10%
$948.44K 3.98%
October 17, 14:30
4
QAI
$90.90
↓2.90%
$73.15M
$909.00M
804K
8.05%
$22.72M 31.06%
October 17, 14:30
5
BEE
$0.02
↑2.20%
$1.34M
$24.40M
55M
5.50%
$205.39K 15.30%
October 17, 14:30
6
FDX
$2.33
↓3.44%
$2.32M
$11.65M
998K
19.97%
$326.84K 14.05%
October 17, 14:30
7
ZKJ
$0.08
↓7.83%
$29.24M
$78.62M
370M
37.05%
$1.41M 4.85%
October 17, 14:30
8
QUAI
$0.04
↓7.50%
$24.90M
$121.01M
617M
20.59%
$1.32M 5.32%
October 17, 14:30
9
ZRO
$1.73
↓5.51%
$192.65M
$1.73B
111M
11.12%
$44.47M 23.09%
October 17, 14:30
10
KAITO
$1.03
↓5.67%
$250.22M
$1.03B
241M
24.14%
$2.96M 1.18%
October 17, 14:30
11
OBT
$0.00
↑3.17%
$19.36M
$40.33M
4B
48.00%
$902.03K 4.66%
October 17, 14:30
12
SVL
$0.05
↓0.52%
$222.39M
$450.04M
4B
49.40%
$216.36K 0.10%
October 17, 14:30
Conclusion: Opportunities and Caution Go Hand in Hand
This week, the crypto market intertwines excitement and warnings: the launch of RVV and airdrops ignite the AI narrative, while institutional BTC reserves highlight the trend towards mainstream adoption, but the QMMM case serves as a reminder of regulatory red lines. Investors are advised to DYOR (do your own research), paying attention to the unlock calendar and exchange announcements. As BTC hovers around $108,000, Q4 2025 may become a turning point—will it be a continuation of the bull market or a volatility reshuffle? Staying vigilant is key to seizing opportunities.
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