# Bullvember is coming! *Brace Yourself, God Candles are coming... But first, let's read this week's Web3 Watch!* By [The Web3 Watch by Central DAO](https://paragraph.com/@centraldao) · 2025-10-24 --- ![](https://storage.googleapis.com/papyrus_images/55521800c91897b7cbf9fd0492d7bee6684b7ef9e680438467738017158e535d.png) Uptober explained ### ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f9e0.png) TL;DR — This Week in a Nutshell * **Coinbase** bets big on **onchain fundraising** with $375M **Echo** buy. * **Farcaster** + **Clanker** = AI-powered memecoin season on **Base**. * **Jupiter** bags **$46M Q3 revenue**, evolves into Solana’s superapp. * **Nine Casascius coins** opened — 9.5 BTC reenters the market. * **SpaceX** quietly moves **$257M BTC** — speculation rises again. * **Hyperliquid HYPE** mooning — Wall Street joins the DeFi game. * * * ### ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f3e6.png) Coinbase Buys Echo for $375M — Doubling Down on Onchain Fundraising [![User Avatar](https://storage.googleapis.com/papyrus_images/ba1e5a02fef3c6b2276076fd0db4587dce3b352490ee647ee0ac9a63c151f5ef.png)](https://twitter.com/coinbase) [Coinbase 🛡️](https://twitter.com/coinbase) [@coinbase](https://twitter.com/coinbase) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/coinbase/status/1980577685459132681) Bringing back Up Only was just the warm up. We’ve acquired [@echodotxyz](https://twitter.com/echodotxyz), the leading onchain capital raising platform. → Joining builders with community capital → Giving investors access to new opportunities → Growing economic freedom worldwide ![](https://pbs.twimg.com/amplify_video_thumb/1980575465250209792/img/93KIl1RZzG_xfgl5.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 4,310](https://twitter.com/coinbase/status/1980577685459132681)[ 3:41 PM • Oct 21, 2025 ](https://twitter.com/coinbase/status/1980577685459132681) So Coinbase just made **its eighth acquisition of 2025**, grabbing **Echo**, the onchain fundraising platform founded by _Cobie_ (yep, the same Cobie from Crypto Twitter ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f60e.png)). Echo’s Sonar tool lets startups **raise capital directly from their communities** — no VCs, no middlemen, just onchain transparency. Coinbase plans to integrate it across their ecosystem, expanding from **token launches to tokenized securities and RWAs**. With over **$200M raised across 300+ projects**, this move makes one thing clear — Coinbase wants to become _the Nasdaq of Web3 capital formation._ * * * ### ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f916.png) Farcaster Buys Clanker — AI + Memecoins = Base Explosion ![](https://storage.googleapis.com/papyrus_images/caf691c1847f3ab49ac4dfeffb7ff519b9652da2aa82458a57d7873b67110110.png) Farcaster just pulled a power move — acquiring **Clanker**, the viral AI bot behind instant memecoin launches on **Base**. How it works? Tag @Clanker, mint a token. Boom — instant ERC-20. ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f4a5.png) This acquisition included a **$2.57M token burn**, **LP locks**, and **tight liquidity**, signaling long-term conviction. Memecoins like **$LUM, $ANON, and $RUNNER** already saw **$59.8M in daily volume**, and with this move, **Farcaster becomes the heart of the AI + SocialFi revolution** on Base. * * * ### ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f680.png) Jupiter Earns $46M in Q3 — Solana’s Superapp is Here ![](https://storage.googleapis.com/papyrus_images/4d66dfa24e9d82e5337fdc08c725fe55f838581b8c9f3cba2894ce962a791f54.png) Solana’s favorite DEX aggregator, **Jupiter**, just reported **$46M in Q3 revenues** — powered by the **meme coin mania** and **perpetual trading boom**. With **8.4M active wallets** and **$176B in spot volume**, Jupiter isn’t just a DEX anymore — it’s evolving into a **Solana superapp**. They’ve added lending, a token launchpad, and even validator services. Only catch? The **JUP token is lagging at $0.35**, dragged by token unlocks. But fundamentals say otherwise — this Solana beast isn’t slowing down anytime soon. ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f315.png) * * * ### 🪙 Nine Casascius Coins Unsealed — 9.5 BTC Back in Circulation ![](https://storage.googleapis.com/papyrus_images/ee58d29119da30940ba13e3f09e69548d02c77bde4c6517758cbd0523d1a511a.png) Blast from the past: **Nine Casascius coins** — physical Bitcoin collectibles — were **opened this week**, releasing **9.5 BTC** from wallets dating back to 2013. Fun fact: there are still **38,000 BTC** locked in unopened coins worth **$4B+**. ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f633.png) These openings hint at **OG whales reawakening** as Bitcoin holds above **$109K** — a nostalgic reminder that some early holders are finally cashing in. * * * ### ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f6f0-fe0f.png) SpaceX Moves $257M in Bitcoin — Musk’s Crypto Play Resurfaces ![](https://storage.googleapis.com/papyrus_images/6b33ce16cbe3ed20e4ae2d34dbf01e6c35cf6a2c00c704d1808b71cd2d6bdcd4.png) _SpaceX-labelled wallet “1MDyM,” transfers. Source:_ [_Nansen.ai_](http://Nansen.ai) Elon Musk’s **SpaceX** just shifted **$257M in Bitcoin** across two wallets — their **second big BTC transfer in three months.** No sales confirmed yet, but the timing is sus ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f440.png) — NASA just opened its **moon lander contract** to competitors like **Blue Origin** and **Lockheed Martin**, putting pressure on SpaceX. Musk’s crypto strategy remains a mystery, but one thing’s for sure — **SpaceX still HODLs big** while Bitcoin trades above **$110K**. * * * ### ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f4a5.png) Hyperliquid’s HYPE Pumps 7% as Wall Street Steps In ![](https://storage.googleapis.com/papyrus_images/86c77cc7ebf127414ec0a19baa838a7a863421bcc384cb917e44d2d80a1b9ae7.png) While most of the market was chilling in red, **Hyperliquid’s HYPE token** went the other way — **up 7%**. Why? A **Nasdaq-listed biotech firm**, _Sonnet BioTherapeutics_, just announced an **$888M reverse merger** to form **Hyperliquid Strategies Inc.**, which will hold **$583M in HYPE** and has a **$1B fund** for more. That’s **institutional money** eyeing a DeFi DEX — something we don’t see every day. Looks like **Wall Street finally wants a piece of onchain action.** ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f4c8.png) * * * ### ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f923.png) MEME OF THE WEEK ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f923.png) ![](https://storage.googleapis.com/papyrus_images/81bdfaacb5b02141d0b56d0eb6ad43dda7025e064042363cfea16c1d1e161fc6.png) time to get a real job moon bois Alright, that’s a wrap for this week's edition of **_The Web3 Watch_!** ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f680.png) See you all next week! [Join Central DAO](https://t.me/+oJ8dE9ZEB1thMGU1) --- *Originally published on [The Web3 Watch by Central DAO](https://paragraph.com/@centraldao/bullvember-is-here)*