Backpacks Weekly Crypto News (Nov 6 to 12 2025) | On‑Chain Equities Launch, Monad ICO, ETF Outflows, Solana Inflows

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Key Takeaways

• Market Mover Digital‑asset investment products recorded US\$1.17 billion in net outflows, led by Bitcoin and Ethereum funds, while Solana products attracted US\$118 million of inflows.
  
  
• Altcoin Watch Solana (SOL) and the upcoming Monad ICO on Coinbase remain in focus, as investors search for alternatives to major tokens.
  
  
• What’s Ahead The first batch of on‑chain equities is expected soon; watchers will monitor the Monad ICO, macro news and regulatory updates.

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Crypto Market Analysis

The Big Picture
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Sentiment across the crypto market is cautious. Fear of further rate hikes and profit‑taking has contributed to softer price action. The overall crypto market cap dipped as investors pulled funds from large exchange‑traded products.

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Bitcoin (BTC) Price Update

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Bitcoin spent the week consolidating around the low \$100k range with resistance in the mid‑\$100k zone. Heavy outflows from spot and futures‑linked funds suggest caution among institutional players.

Ethereum (ETH) Update

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Ethereum mirrored Bitcoin’s weakness. Significant outflows from Ethereum investment products and a lack of major network catalysts weighed on price. Traders are watching for network upgrades and macro triggers to gauge the next move.

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This Week’s Key Headlines

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SoFi becomes the first US consumer bank to embed crypto trading

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Reuters reported that fintech firm SoFi launched crypto trading for its customers, enabling the buying, selling and holding of major tokens such as Bitcoin, Ethereum and Solana. CEO Anthony Noto said SoFi is the first US bank to offer such services. Clearer policy signals from regulators have encouraged banks to explore crypto products. SoFi plans to introduce a U.S.‑dollar‑pegged stablecoin and integrate crypto into its lending and infrastructure services.

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Brazil’s central bank issues rules for virtual‑asset service providers

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Brazil’s central bank released long‑awaited regulations extending anti‑money‑laundering and counter‑terrorist financing rules to virtual‑asset service providers. The framework, taking effect in February 2026, treats purchases, sales and exchanges of stablecoins pegged to fiat currencies as foreign‑exchange operations. Providers must meet governance, security and transparency requirements.

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Coinbase hosts Monad ICO on new token sales platform

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Coinbase announced a regulated platform for public token offerings, described as a modern ICO model. The platform aims to reboot initial coin offerings with investor protections such as fair allocation and post‑sale lock‑ups. It will host one sale each month, and the first offering is Monad’s MON token from Nov 17–22. Participants can bid between US\$100 and US\$100,000 and will purchase tokens in USDC; the sale is available in more than eighty countries. Token allocations will be 7.5% of the 100‑billion supply, with mechanisms limiting team sales and emphasising fairness.

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Other developments

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• Investor outflows continue. CoinShares recorded the second consecutive week of net outflows from crypto funds.
  
  
• Regulatory chatter remains active. Reports of upcoming macro data and regulatory updates are keeping markets on edge.

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Altcoin & Token Watch

Riser of the Week

Solana (SOL) attracted about US\$118 million of inflows last week, showing strong institutional interest even as broader market conditions were soft.

Tale of the Tape

In comparing Solana and Ethereum, Ethereum investment products saw heavy outflows. At the same time, Solana funds registered inflows, which analysts attribute to growing belief in Solana’s speed and scalability relative to Ethereum’s current congestion.

Upcoming Airdrops & Launches

The Monad ICO on Coinbase is the headline event for altcoin enthusiasts. The public sale of MON runs from Nov 17 to 22 on Coinbase’s ICO platform. Participants will purchase tokens at \$0.025 per MON, with minimum bids of US\$100 and maximum bids of US\$100,000. The sale allocates 7.5% of the total supply, with on‑chain transparency, founder lock‑ups and a loyalty‑based allocation system.

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New on Backpack Exchange

PAXG and ZRO Perp Markets Now Live

Backpack Exchange has listed new perpetual futures markets, PAXG-PERP and ZRO-PERP, letting traders access tokenized gold and omnichain infrastructure with up to 50× leverage. Traders earn Backpack Points with every trade during Season 3.

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Solana Network News

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Rising fund inflows reflect confidence in the Solana ecosystem. Developers continue to deploy dApps, and the community is preparing for upcoming projects. The success of Solana‑based investment products suggests that institutional capital is beginning to embrace alternative layer‑1s.

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From the Backpack Learn Portal

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Want to deepen your understanding of this week’s news? Check out: -

Monad ICO: Everything You Need to Know About the MON Token Sale

How to Create a Meme Coin on Monad by Nad.fun (Step by Step)

What is Superstate? The Future of Tokenized Funds and Equities

What Is a Bull Flag Pattern? How to Identify & Trade It

‍What Are Solana Gas Fees and Why Are They So Cheap

Guide to Initial Coin Offerings

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The Week Ahead

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• The Monad ICO on Coinbase’s new platform opens Nov 17 and runs through Nov 22.
  
  
• The list of companies available through Backpack’s on‑chain equities offering will be announced soon.
  
  
• Economic data releases, including inflation and employment figures, could move markets.
• Earnings reports from major crypto firms and updates on planned regulatory frameworks could affect sentiment.
  
  
• Keep an eye on the scheduled Monad mainnet launch on Nov 24.
  
  

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