Is Bitcoin ready to reach new record levels after hitting a recent ATH? Let’s explore the latest crypto market news and trends for Oct. 6.
Bitmine Immersion Technologies (BMNR) surpassed Marathon Digital to become the world’s second-largest crypto treasury holder on October 6, 2025, with combined holdings totaling $13.4 billion, including 2.83 million Ethereum ETH $2 823 24h volatility: 7.1% Market cap: $340.89 B Vol. 24h: $41.84 B tokens representing over 2% of the total ETH supply.
Bitmine overtakes Marathon Digital as second largest crypto treasury |Strategy Inc. (MSTR) Source: Fundstrat
The company’s stock gained 41.7% over the past month, reaching a market cap of $17.7 billion, as Ethereum delivered its strongest third-quarter performance on record with prices climbing above $4,719.
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Solana Company (NASDAQ: HSDT), formerly Helius Medical Technologies, accumulated over 2.2 million SOL tokens worth more than $525 million combined with cash as part of its digital asset treasury program.
The company’s stock surged nearly 190% since announcing the Solana treasury strategy, trading around $17.38 on October 6, as it plans to stake its holdings to generate an estimated 7% native yield.
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Kamino, a leading DeFi platform on Solana SOL $132.9 24h volatility: 7.0% Market cap: $74.34 B Vol. 24h: $8.17 B , launched the network’s largest bug bounty program on October 6, 2025, partnering with ImmuneFi to offer rewards up to $1.5 million for critical smart contract vulnerabilities.
This initiative comes as DeFi experienced approximately 144 successful exploits in 2025, though losses dropped 37% to $509 million in Q3, with ImmuneFi having previously protected over $190 billion in user funds and paid $120 million to security researchers.
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Major Wall Street institutions initiated coverage of Figure Technology Solutions on October 6, 2025, with mostly bullish ratings and price targets between $40-$54.
The stock currently trades at $42.77, up from its September 11 NASDAQ debut price of $25 per share.
Bernstein led with the highest target at $54, citing Figure’s market leadership in blockchain-based HELOC lending, where the platform holds 13% of the non-bank market with $5 billion in loans originated during 2024.
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According to the report by Standard Chartered, stablecoins are gaining particular traction in emerging markets, where they increasingly serve as a gateway to US dollar-denominated accounts.
Standard Chartered estimates that stablecoin holdings used for savings in emerging markets (EMs) could surge from $173 billion today to $1.22 trillion by 2028. Meanwhile, roughly $1 trillion may exit EM banking systems within the next three years as users pivot toward digitally native dollar alternatives.
