This week's crypto market shift: BTC leads the rally, Solana ecosystem is active, and M&A financing hits a new high

【Crypto World】This week, the crypto market has experienced many interesting changes. Bitcoin performed strongly, with a weekly increase of 1.6%, outperforming traditional stocks. More notably, funds are quietly flowing into infrastructure layers — Launchpad platforms rose by 3.9%, and Solana ecosystem tokens are also not to be outdone, with a gain of 2.3%.

Ecosystem integration is also accelerating. Jupiter has completed on-chain integration with a certain compliant platform’s tech stack, allowing users to directly exchange Solana tokens on the platform interface, with DeFi liquidity embedded as well. This cooperation model actually reflects a trend — large platforms are beginning to actively embrace the Solana ecosystem.

Capital movements are even more frequent. The cryptocurrency M&A market is booming. Just Naver’s $10.3 billion acquisition of Upbit operator Dunamu has directly boosted the entire industry’s transaction volume. Based on current progress, by November 2025, the total crypto M&A transaction volume could reach approximately $10.7 billion. Another interesting data point is on the financing side — in July this year, financing reached $6.52 billion, a 41% increase compared to the peak of the previous cycle. This indicates that regardless of market fluctuations, capital confidence in the crypto ecosystem remains strong.