Market Summary for October 7
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 07 2025Grayscale Developments: Grayscale has initiated staking for its spot Ethereum ETFs in the US, expanding its offerings in the cryptocurrency market.
Emerging Markets Forecast: Standard Chartered predicts that $1 trillion could be withdrawn from emerging market bank deposits in favor of US stablecoins by 2028.
Bitcoin Adoption Issues: A significant challenge for BTCFi is that 77% of Bitcoin holders have not yet attempted to use the platform, indicating low adoption rates.
Polygon Investor Activism: An activist investor is urging Polygon to eliminate its 2% inflation rate and implement buybacks to boost the price of POL and restore investor confidence.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
