4-year Bitcoin cycle is dead? BNB Chain memecoins mint new millionaires

Hey there! 

This week, the crypto market was full of FOMO, growing confidence, and exciting news, shaping the future of the industry. Let’s recap the key events in this weekly digest:

quick weekly news

the 4-year Bitcoin cycle is dead: Arthur Hayes

et’s kick off this digest with some interesting theory from Arthur Hayes. There, Arthur said that the classic definition of the “4-year” Bitcoin cycle will not work this time, as Bitcoin bull market cycles are less about timing and more about shifts in the monetary policies of two economic hegemons — the U.S. and China.

He reviewed the previous Bitcoin bull market cycles, stating that the Genesis Cycle (2009 to 2013) coincided with monetary easing in both the United States and China, which significantly increased the money supply in both countries and fueled the Bitcoin rally.

Approximately the same situation occurred during the ICO (2013 to 2017) and COVID HOAX (2017 to 2021) cycles. Due to economic downturns, these countries started easing their monetary policies, which eventually led to rising money supply and a rise in $BTC. Once the governments started tightening their policies, the Bitcoin cycles were ending, entering the bearish phase.

Now, despite the 4-year anniversary of the Bitcoin cycle, the macroeconomic situation in both the U.S. and China doesn’t look like it is moving toward quantitative tightening. Instead, Donald Trump is asking for a weaker dollar and lower interest rates, while China is looking to come out of deflation, so it is most likely that the money supply of the yuan will grow as well, according to Arthur Hayes.

Hence, the analyst suggests that this Bitcoin cycle is not over yet, until the U.S. and China governments start tightening their monetary policies once again.

BNB Chain memecoins mint new millionaires

Talking about the continuation of the bull cycle, the BNB Chain ecosystem has exploded this week, minting new on-chain millionaires.

Despite a slight correction in the overall crypto market, the $BNB token gained a solid 13% this week, attracting massive attention from traders to both the token and the BNB Chain ecosystem. At the same time, BNB Chain’s perpetual DEX, Aster, captured the vast majority of perp DEX trading volume in the market, growing its market share from less than 5% in August 2025 to 70% at the beginning of October 2025.

This sparked FOMO around the native $ASTER token among traders in recent weeks and kicked off a new memecoin season on BNB Chain. As a result, the pump.fun rival and main memecoin launchpad on BSC saw a massive surge in weekly DEX volume ($1.1B) and TVL ($10M).

According to Lookonchain, this massive BNB Chain ecosystem run has already created new millionaires this week. The top three traders are:

• @hexiecs: Made $5.5M on BinanceLife token, $361.7K on $4, $219.5K on $GIGGLE
• @brc20niubi: Made $5.4M on BinanceLife token, $736K on $4, $228.3K on $GIGGLE
• @GCsheng: Made $4.8M on BinanceLife token, $26.8K on CustomerServiceXiaoHe token

Polymarket founder hints at the potential $POLY token launch

Another piece of hyped news this week came from a post on X by Polymarket founder Shayne Coplan. Polymarket is the pioneer and largest prediction market in the crypto space, allowing users to speculate on outcomes in politics, news, culture, sports, tech, and more.

The platform reportedly planned to release its token back in 2024, but despite significant hype and discussions within the crypto community, the team never confirmed a token launch at that time. However, a recent public application by the company to the SEC mentions “other warrants” in its latest funding round, hinting at a potential token launch.

Now, the founder of Polymarket has even mentioned a potential ticker for the token, $POLY, in response to a user’s tweet commenting on Polymarket’s high ranking by mindshare on Kaito AI. All of this comes just days after the company closed a $2B investment from Intercontinental Exchange. However, such a strategic investment could also indicate that the launch may not be a $POLY token but rather a stock, as Intercontinental Exchange is the parent company of the NYSE.

‘Uptober’ marks 21 crypto ETF filings as Bitcoin climb

And the last bullish news for this week also comes from the U.S. According to CoinTelegraph, the number of crypto ETF applications is rising as Bitcoin approaches new all-time highs. The media reports that over the past two months, at least 31 crypto ETF applications were filed with the U.S. SEC, 21 of which were submitted in the first eight days of October.

On August 29th, 2025, approximately 91 crypto exchange-traded products were awaiting the SEC’s decision. Combined with new applications submitted in September and October 2025, the total number of crypto ETF applications has now surpassed 100 – an impressive figure.

All of this comes during one of the historically most successful months for the market, October, which the community has dubbed “Uptober.” The main issue these ETFs face now is the U.S. government shutdown, as no government agencies, including the SEC, are operating during this period, which naturally delays the final approval dates for these ETFs.

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We hope this digest was valuable and informative for you! If you want to be the first to receive new crypto insights and stay up-to-date with the market, follow us on Twitter or Telegram. Become a better trader with the Good Crypto app!