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CAKE rallied 16% after a deflationary burn of 1.28 million tokens, pushing its price to nearly $2.66 and signaling improved supply dynamics.
Institutional sentiment remains strong, with 61% planning to increase their crypto exposure, while Bitcoin ETFs logged $1.15 million in fresh inflows.
Standard Chartered’s stablecoin partnership and eToro’s robust Q3 earnings underscore the accelerating fusion of traditional finance and digital assets.
The global cryptocurrency market commenced the week on a slightly bullish note, supported by new optimism exploring DeFi (decentralized finance) projects, renewed institutional interest and consistent Bitcoin ETF inflows.
Simultaneously, traditional finance verticals, like Standard Chartered, are expanding their footprints in digital assets with new stablecoin payment integrations.
PancakeSwap (CAKE) remains strong, rallying over 16% since the start of November, and is now just under the $2.66 mark. The rally comes on the back of a 1.28 million CAKE token weekly deflationary burn, lowering total supply to 359 million (Dune Analytics on-chain data shows the burn was greater than token emissions).
Positive funding rates (0.0041% on Coinglass) are now firmly in the long position (which is often seen as bullish).
From a pure technical standpoint, CAKE is facing resistance at $2.69 (50-day EMA), so a continuous move higher above this level can push the price higher toward a Fibonacci retracement target of $3.42 (accompanied by a bullish MACD crossover and RSI reading above 50). Support will happen at $2.13 in the event this rally fails, where accumulation has taken place.
Institutional Confidence Firm Despite the Volatility in October
Sygnum Bank indicated that 61% of institutional investors plan to increase crypto exposure (albeit the pullback in October's market).
A survey of 1,000 investors showed that 55% maintain a short-term bullish outlook, emphasizing that volatility has not dented their long-term conviction.
More than 80% of respondents expressed interest in altcoin ETFs, while 70% indicated that they would increase exposure if staking rewards were offered through regulated ETF products.
Sygnum’s lead researcher, Lucas Schweiger, highlighted that the end of the US government shutdown could lead to “bulk ETF approvals,” spurring a new wave of institutional inflows.
“Investors are now better informed, discipline has tempered exuberance, but not conviction,” Schweiger said.
On-chain data from CryptoQuant shows Ethereum whale wallets holding 10,000 to 100,000 ETH have accumulated 7.6 million ETH since April, representing a 52% increase in their holdings.
This accumulation has occurred while smaller investors trimmed exposure, suggesting a “smart money” repositioning.
Analysts noted several spikes in spot trading volume since early November, which is often a sign of late-stage compression before an upswing.
With Ethereum holding near $3,500-$3,600, analysts anticipate that improving macro sentiment and reduced ETF outflows could set the stage for a medium-term rebound.
Also Read: Ethereum Long Position Turns Profitable as Market Rebounds
According to Sosovalue, Bitcoin spot ETFs saw a net inflow of $1.15 million on November 10, with Bitwise’s BITB ETF leading the pack.
BITB’s total historical inflow now stands at $2.32 billion, while the combined net asset value of all Bitcoin spot ETFs has reached $141.54 billion, roughly 6.7% of Bitcoin’s total market cap.
The consistent inflows underscore sustained institutional participation despite ongoing profit-taking and ETF rotations.
Analysts believe that as liquidity improves and the US shutdown uncertainty fades, ETF-based demand could support Bitcoin’s consolidation above $100,000.
Also Read: Is Bitcoin Ready for a Surge with the Shutdown Deal Coming?
In a notable advancement that signifies the connection of traditional banking with digital assets, Standard Chartered Bank announced its partnership with DCS Card Centre in Singapore to provide DeCard, a credit card product powered by stablecoins.
With this partnership, users can spend with stablecoins, and importantly, Standard Chartered will handle the immediate settlement and reconciliation of the transaction. DeCard will initially launch in Singapore and aims to expand to other larger markets around the world.
The advancement shows how institutions are increasingly pushing to incorporate stablecoin liquidity onto payment networks used in the real world.
Apart from the credit card product, Standard Chartered will also provide API connectivity and virtual accounts to ensure smooth transactions. The partnership represents a major step in merging assets using blockchain technology with the current financial infrastructure.
eToro Q3 Results Underline Profit Resilience Amid Tight Margins
Trading platform eToro reported an impressive $3.97 billion in revenue derived from cryptocurrency in Q3 2025, an increase nearly tripling year-on-year.
However, eToro noted that $3.89 billion in associated expenses for that revenue crimped reported margins, ultimately leading to a nominal $77 million net profit on its crypto business.
Despite the narrow margins in crypto, eToro's diversified income sources enabled it to report a consolidated net income of $57 million, representing a 48% year-over-year increase.
Going forward, eToro plans to reduce costs while expanding its social trading and yield products to capitalize on the rising demand for digital asset adoption.
1. Why is PancakeSwap (CAKE) rallying this week?
CAKE surged due to a deflationary burn that reduced total supply by 1.28 million tokens, boosting bullish sentiment and technical strength.
2. What did the Sygnum report reveal about institutional interest?
Over 61% of institutions plan to raise crypto exposure, with many expressing strong interest in altcoin and staking-based ETFs.
3. How are Bitcoin ETFs performing recently?
Bitcoin spot ETFs saw $1.15 million in net inflows, led by Bitwise’s BITB, bringing the total cumulative inflows to nearly $60 billion and reflecting renewed institutional demand.
4. What is Standard Chartered’s new crypto initiative?
The bank partnered with DCS Card Centre to launch DeCard, a stablecoin-based credit card enabling real-time blockchain payments in Singapore.
5. How did eToro’s Q3 results impact market sentiment?
Despite tight crypto margins, eToro’s $3.97 billion in revenue and 48% profit growth showed strong trading activity and expanding investor engagement.
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