Intro

The crypto market enters mid-October with renewed volatility and major ecosystem shifts. Solana dominates with record-breaking revenue, DeFi faces integrity concerns, and regulatory discussions heat up across Europe and the US. Meanwhile, Ethereum traders eye a massive breakout pattern targeting $12,000 — signaling a potential return of bullish sentiment.

📊 Market Overview

• Solana records $2.85B in annual revenue, outpacing Ethereum’s early growth.

• Aster delisting sparks DeFi integrity debate amid wash trading suspicions.

• The UK moves forward with stablecoin cap exemptions.

• The largest US union federation rejects the latest crypto bill over pension concerns.

• A Swedish MP proposes tax relief for small BTC transactions.

• Ethereum forms a textbook bullish chart pattern with targets near $12,000.

🚀 Solana Surpasses Ethereum’s Early Growth with $2.85B Annual Revenue

Solana has officially posted $2.85 billion in annualized revenue, surpassing Ethereum’s early-stage performance and cementing its role as one of the most profitable Layer-1 blockchains. This surge is powered by DeFi activity, NFT marketplaces, and Solana’s efficient transaction throughput that continues to attract developers and institutional players.
Source: Yahoo Finance

⚠️ Aster Delisting Exposes DeFi Integrity Crisis

The DeFi ecosystem is facing renewed scrutiny as Aster’s delisting raises questions about data integrity and wash trading within decentralized platforms. Industry experts warn that unverified volumes and inflated metrics are damaging trust across the sector — prompting calls for greater transparency and auditing standards.
Source: Cointelegraph

🇬🇧 UK Advances Stablecoin Cap Exemptions

The United Kingdom is moving forward with a stablecoin regulatory exemption plan, allowing select issuers to operate above existing caps under the new MiCA-aligned financial framework. The decision positions the UK as a progressive hub for digital assets, balancing innovation with oversight.
Source: The Block

🏛️ US Union Federation Opposes Crypto Bill

The largest US labor federation has voiced strong opposition to a new crypto bill, arguing that it endangers workers’ retirement funds by exposing them to speculative volatility. The debate highlights the ongoing divide between crypto innovation and traditional financial protections, as policymakers seek middle ground.
Source: Cryptonews

🇸🇪 Swedish MP Pushes to Exempt Daily Bitcoin Transactions from 30% Tax

In a progressive proposal, Swedish Member of Parliament Emma Stjernlöf called for exemptions on small daily Bitcoin payments, arguing that heavy taxation limits innovation and adoption. The motion aligns Sweden with broader European efforts to simplify crypto tax rules for consumers and businesses.
Source: Crypto News

📈 Ethereum Eyes $12,000 as Bullish Pattern Forms

Ethereum is showing a textbook ascending triangle pattern, hinting at a potential breakout toward $12,000 if key resistance levels hold. Market analysts note rising on-chain activity and trader accumulation, signaling growing confidence in ETH’s mid-term trajectory as top altcoins begin to follow suit.
Source: CoinCentral

🔎 Quick Take

From Solana’s explosive growth to Ethereum’s bullish setup and European policy shifts, today’s crypto landscape highlights momentum across innovation, regulation, and market structure. As confidence returns, institutional alignment and clear policy frameworks continue to drive the next phase of mainstream adoption.