# Bullvember is coming!

> Brace Yourself, God Candles are coming... But first, let's read this week's Web3 Watch!

**Published by:** [The Web3 Watch by Central DAO](https://paragraph.com/@centraldao/)
**Published on:** 2025-10-24
**URL:** https://paragraph.com/@centraldao/bullvember-is-here

## Content

Uptober explained TL;DR — This Week in a NutshellCoinbase 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. Coinbase Buys Echo for $375M — Doubling Down on Onchain Fundraising Coinbase 🛡️ @coinbase Bringing back Up Only was just the warm up. We’ve acquired @echodotxyz, the leading onchain capital raising platform. → Joining builders with community capital → Giving investors access to new opportunities → Growing economic freedom worldwide 4,310 3:41 PM • Oct 21, 2025 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 ). 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. Farcaster Buys Clanker — AI + Memecoins = Base ExplosionFarcaster 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. 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. Jupiter Earns $46M in Q3 — Solana’s Superapp is HereSolana’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. 🪙 Nine Casascius Coins Unsealed — 9.5 BTC Back in CirculationBlast 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+. These openings hint at OG whales reawakening as Bitcoin holds above $109K — a nostalgic reminder that some early holders are finally cashing in. SpaceX Moves $257M in Bitcoin — Musk’s Crypto Play ResurfacesSpaceX-labelled wallet “1MDyM,” transfers. Source: Nansen.aiElon 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 — 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. Hyperliquid’s HYPE Pumps 7% as Wall Street Steps InWhile 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. MEME OF THE WEEK time to get a real job moon boisAlright, that’s a wrap for this week's edition of The Web3 Watch! See you all next week!Join Central DAO

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