Market report for traders
đź”® BTC, ETH, and Altcoins
Crypto markets pulled back sharply this week, with the total market cap down 26.51%, that’s over A$ 1.74 trillion wiped out in the last 42 days.
BTC fell 9.39% over seven days, ETH dropped 8.76%, and SOL tumbled 10.08%, marking one of the tougher weeks for major caps. Altcoins and meme tokens also bled heavily, with HEDERA (HBAR) down 15.23%, and PEPE losing 17.11% across the week.
There was a small pocket of good news: SKALE Network (SKL) climbed 1.1% in the last 24 hours, after publishing new partnerships and insights on its “x402 Payments” framework. For the gamers Axie Infinity (AXS) saw a nice 8.49% gain over the last 24h in preparation for the next championship (Season 13) set to begin on November 22.
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🗞 What’s happening in the news?
🚨 Scammers Pose as Australian Police to Steal Crypto, Authorities Warn
Australian law-enforcement agencies have raised the alarm over a rising wave of scams involving criminals posing as police officers and exploiting the country’s official cyber-crime reporting channels. According to investigators, scammers have been contacting victims through phone calls, emails, and fake case-reference documents, convincing them they’re under investigation for “unauthorised transactions” or “criminal crypto activity.”
The goal? Forcing victims to transfer their crypto to a so-called “safe wallet”, or worse, tricking them into revealing seed phrases, giving scammers full control of their funds. Authorities say the impersonation scams are becoming increasingly polished - complete with fake badge numbers, spoofed caller IDs, and cloned government email templates.
Cybercrime units warn that scammers are “weaponising trust in official agencies,” turning Australia’s own reporting systems into tools of deception. One official noted:
“Police will never ask you to transfer crypto, share wallet access, or provide seed phrases, not under any circumstance.”
The crackdown comes amid a broader spike in crypto-related scams across Australia in 2025. Losses linked to impersonation attacks now total tens of millions of dollars, according to government estimates, with wallet-drain schemes among the fastest-growing threat categories.
Authorities urge anyone contacted by someone claiming to be police to independently verify the communication using official contact numbers, not the details provided in the message. Australians are also reminded that legitimate investigators will never request remote-access software, crypto transfers, or sensitive wallet information.
As crypto adoption grows, so does the need for vigilance. Check out common crypto scams here to learn more.
📖 What we’ve been reading
Earn Yield AND Get Protected? New Savings App Unlocks A$1.5M-Backed Security!
Aave Labs has launched a new high-yield savings application that offers on-chain returns alongside insurance-backed protection for user deposits. According to the report, the product provides coverage of up to A$1.53 million per user through an insurance partner, adding an additional layer of security to the savings experience. The app is designed to give users access to decentralised-finance yield while maintaining safeguards similar to traditional financial products. The launch marks one of the first instances of a DeFi-powered savings tool incorporating third-party protection for deposited assets.
Not Selling, Buying Big — Saylor’s Bitcoin Strategy Just Got Bigger!
Michael Saylor, Executive Chair of Strategy, dismissed reports that the company had sold tens of thousands of BTC, stating the rumours were “false” and reaffirming that its bitcoin accumulation continues and is actually accelerating. He confirmed via social media that “We are buying” and noted that the firm will report its next purchases shortly. Cryptonews Internal data and previous filings show continuing accumulation despite earlier wallet-movements that triggered speculation of a sale.
 Altcoin ETF Lands with a Bang — US$58 Million in Day One!
The newly launched spot XRP ETF from Canary Capital achieved A$88 million in trading volume on its first day, marking the highest debut of any ETF in 2025.
*Disclaimer: The information provided is for educational purposes and does not constitute financial product advice. You should obtain independent advice from an Australian financial services licensee before making any financial decisions.*
