OpenAI and Amazon’s $38 billion deal had Web3 tongues wagging, but other topics also caught their attention. Read on to find out which ones.
Bitcoin good
“October is over, and what a disappointment it was for crypto investors expecting the customary rally. Bitcoin closed October some 6% lower, marking only the third time in its history – 2014 and 2018 – that it didn’t rally during this month.”
“In 2014, this unexpected down month was followed by a 12.8% rally in November, but 2018 saw a further slide of 36% the month after. So it could still go either way. However, there are some encouraging factors that suggest the rally is likely just on pause again.”
“For one thing, the market absorbed 405 BTC worth of selling pressure from legacy holders in October – yet the price still held above $100,000. In fact, it hasn’t dipped below $100k since May 2025. If that’s not a sign of resilience, I don’t know what is.”
“There’s ongoing pressure on the macro side, with the US government shutdown still unresolved and therefore insufficient economic data for the Federal Reserve to base its next interest rate decision on. And, indeed, the odds of a December rate hike have dropped sharply. This will, no doubt, continue to weigh on sentiment, so we’re in for a choppy November.”
“Eventually, however, the selling with stop. And when it does, the fundamentals remain the same: QT is coming to an end, liquidity is beginning to flow, and global currencies are facing further devaluation. The case for Bitcoin is intact – the selling is just short-term noise.”
– Nic Puckrin, crypto analyst and co-founder of The Coin Bureau
“Calling the end of a bull market in crypto has historically been a premature exercise. What we’re seeing now is not a collapse in fundamentals, but a period of recalibration. Bitcoin has matured into a macro asset that reacts to interest rates, liquidity cycles, and geopolitical risk just as much as it does to crypto-native catalysts. Short-term volatility is normal when markets digest rapid price appreciation and shifting expectations around monetary policy.
“What matters more is that the structural drivers of Bitcoin’s value remain intact: institutional integration is accelerating, custody frameworks are improving, and regulatory clarity is gradually replacing uncertainty. At the same time, security and trust will become decisive factors as adoption scales. Market cycles will continue, but the long-term trajectory for Bitcoin still points upward as it cements its role as a global store of value within a more regulated, resilient digital asset ecosystem.”
– David Carvalho, CEO of Naoris Protocol
“The big shift right now isn’t whether Bitcoin is up or down this week — it’s that traditional finance has stopped treating blockchain like a science experiment. BlackRock, Fidelity, all the ETF flows… this is the absorption phase. That kind of adoption doesn’t move in straight lines, but it fundamentally changes the rules.
“So no, I don’t think the bull market is ‘over’ — it just looks different. Sentiment is compressed, and that’s where real builders shine.”
“At Bondex, we’ve lived through cycles. The speculation wave created noise, but also gave us the signal: professionals are done with empty hype. They want ownership, reputation they can take with them, and platforms that actually reward their time. The future of crypto isn’t just about asset price — it’s about infrastructure that distributes value more fairly. That’s what we’re building. Bitcoin is still the spark, but networks like ours are the engine.”
– Ignacio Palomera, CEO of Bondex
“Bitcoin feels somewhat shaky right now, with a sense of trepidation creeping back in. In the past few days, we’ve seen the crypto fear and greed index dropping from 51 (neutral) to 36 (fear) says a lot about sentiment. Perhaps people are tired after months of hype and bullish proclamations of 150k by the end of the year.
“I don’t think the bull market is over per se, but it’s definitely cooling slightly. You can see traders taking profits, liquidity drying up a bit. Still, every cycle has these pauses where everyone second-guesses the market. If we hold above key support levels through November, I’d call it consolidation.”
– Chris Anderson, CEO of ByteNova AI
OpenAI and Amazon $38B cloud deal
“The scale of these new cloud deals shows how quickly AI has become a capital market in its own right. The industry’s biggest players are now effectively trading power to control intelligence the way others trade energy – concentrating enormous financial and operational power in a few providers.”
“That model can deliver short-term efficiency but also exposes how dependent AI has become on centralized infrastructure. The next challenge is ensuring that intelligence itself doesn’t stay trapped there. The real opportunity lies in building systems that can operate independently of those central clouds – where people and organizations can run and evolve AI on their own terms. That’s the foundation of a more sovereign approach to intelligence, one that grows from the edge rather than the centre.”
– Eric Yang, CEO of Gradient
“The deal between OpenAI and Amazon Web Services shows some real commitment to building serious AI infrastructure, which is exactly the kind of thing that makes AI-powered predictive signal platforms actually work. You need scale, you need stability.”
“The size of this bet demonstrates firm conviction that demand will keep ramping. It’s not just about fancy models anymore, it’s about who controls the compute. AWS basically locking in OpenAI for years gives Amazon a serious edge in the AI arms race.”
– Joe Z, co-founder of DeAgentAI
“The OpenAI–Amazon deal underscores how much centralized compute power still dominates large-scale AI training — cloud infrastructure remains the backbone of generative AI. But at the same time, it highlights the widening gap between massive data-center models and lightweight, decentralized edge systems. If anything, this could accelerate demand for more efficient edge architectures, especially for inference that can’t rely on constant cloud access.”
– Anderson
“Honestly, this deal is less about numbers and more about consolidation. A $38 billion partnership between OpenAI and Amazon effectively fuses two infrastructure giants — compute and intelligence — into a new kind of centralized super-stack. It signals how the AI race is shifting from model competition to orchestration dominance.”
“Whoever owns the execution layer between intent, compute, and value will control the next era of digital power. It’s also a reminder why we’re building agentic frameworks, not closed-door AI empires.”
– Dylan Dewdney, co-founder and CEO of Kuvi.ai
“The timing is telling. This announcement comes just days after OpenAI restructured its Microsoft relationship to eliminate Redmond’s right of first refusal. That wasn’t just a technical contract modification—it was a declaration of independence. OpenAI needed leverage. Microsoft’s exclusive provider status was becoming a single-vendor lock-in risk, and frankly, Microsoft has its own priorities, including its $8 billion investment in OpenAI’s competitor Anthropic.”
“Meanwhile OpenAI did what any sophisticated enterprise should: eliminating single points of failure. In a market moving this fast, single-vendor dependence is an existential risk. This is smart strategic diversification—even if the numbers look astronomical.”
What we’re witnessing here is the maturation of the AI infrastructure market from ‘whoever has capacity’ to strategic multi-cloud architectures. That’s actually healthy—it drives competition, innovation, and better pricing for compute resources.”
– Syed Hussain, founder and CEO of SHIZA
Bitcoin bad
“Bitcoin under $100,000 tends to fill crypto investors with an almost biblical level of dread. And it’s true that this is the first time since early May that BTC has dipped below that level, so it feels like a big deal.”
“However, it’s worth remembering that despite the recent sell-off, BTC is currently only around 20% below its all-time high. This is crypto, not the bond market, so a 20% drop is often just a buying opportunity.”
“Yet it is a reminder that, however institutionalized and domesticated Bitcoin has now become, it’s still a high-risk asset, and should be treated as such. While I don’t believe this sell-off marks the end of Bitcoin’s bull market, this point is drawing nearer, and that means the swings are getting wilder.”
“In the short term, the key support level to watch is the 50-week exponential moving average, currently hovering around $101,000. Yesterday’s trading session confirmed that BTC is still strong enough to hold above the psychological barrier of $100,000, but it will be a battle to see where we close the week.”
“Longer term, though, I still see $150,000 as a likely top for this cycle. It will just be a bumpy ride from here, and this volatility will increasingly catch out traders on both sides of the fence.”
– Puckrin
“The recent crypto market sell-off started with a sharp price drop that triggered a wave of long liquidations. We must beware of weekend liquidity, which is always thinner with fewer active traders, letting each forced sale move the market more.”
“Long-term investors now have a chance to accumulate tokens at lower rates, while short-term traders will face challenges in timing a recovery.”
“The U.S. Federal Reserve’s cautious approach to rate cuts has meantime strengthened the dollar, making the DeFi market cautious. This has been compounded by significant outflows from Bitcoin ETFs, indicating that institutional players are taking profits off the table. Gold is also rallying in reaction to the rate cuts, reinforcing the inverse correlation between lower yields and non-yielding assets.”
“Yet, the most significant change to market order this week is a political one. Discussions around the EU granting the ESMA (European Securities and Markets Authority) powers similar to those of the U.S. SEC (Securities and Exchange Commission) are gaining traction. The combination of regulatory clarity and the vast, deep capital markets of the U.S. creates a proven template to onboard new users, deepen liquidity, and unlock new capital for businesses. “
– Przemysław Kral, CEO of European crypto exchange zondacrypto
Developer interest in Ethereum, Solana surging
“The surge in developer activity on Ethereum and Solana is the most bullish signal this cycle, proving the market’s focus has shifted from speculation back to building. This simply means builders are searching for the lowest friction environments on-chain.”
“While ETH is the widely loved choice, we are also witnessing a mass migration to Solana, with builder interest increasing by 78% in the last two years.”
“This is driven by the need for transaction speed, bypassing any clunky, fragmented user experiences. It is also an indictment of the entire industry’s failure to deliver a professional-grade developer experience in Web3 so far.”
“Developers are still forced to choose a silo chain, trading off speed for security, or vice versa. This architectural gap is preventing more institutional capital from entering the DeFi space at scale, which demands for a unified, high-throughput and highly secure clearing layer.”
“The next billion users to adopt Web3 will not enjoy the current reality of isolated liquidity pools and complex cross-chain friction. Until the fundamental problem of fragmentation is solved, developer activity will be a powerful engine running on low-grade fuel.”
“The true test of maturity, especially as we approach DevConnect, is not how many developers we attract, but how effectively we empower them to build solutions.”
– Alexis Sirkia, captain of the Yellow Network