Crypto Market News Snapshot: Yesterday
1. BTC fluctuated and rebounded, with the market still caught in a tug-of-war within a key range. On September 29, Bitcoin briefly rose to about $84,554, but then resumed trading around the $83,000 area. Ethereum’s overall performance remained relatively steady, with the market still influenced by rising U.S. Treasury yields and inflation expectations.
2. U.S. crypto ETF inflows continued, but the pace clearly cooled. On Monday, total net inflows into U.S. spot ETFs for BTC, ETH, SOL, and XRP were about $64.8 million, including roughly $31.07 million for BTC and about $17.10 million for ETH. The BTC ETF has recorded net inflows for eight consecutive trading days.
3. Bitwise launched the first U.S. spot NEAR ETF and added a staking-rewards mechanism. The Block reported that the product went live on September 29, further showing that the U.S. crypto ETF market is expanding from BTC and ETH to more mainstream public-chain assets.
4. Blockchain.com is preparing to move forward with an IPO, targeting $500 million in fundraising. The crypto financial services company has filed a confidential listing application with the U.S. SEC, targeting a valuation of up to about $6 billion, indicating that traditional capital-market channels for leading players in the crypto industry are still opening up.
5. Stolen funds from Bitget continued to trigger on-chain freezing and a “no authorization” controversy. NEAR Intents said it intercepted attempts to exchange funds totaling more than $38.8 million related to a Bitget security incident, including about $50.3 million that was actually frozen. The incident has once again sparked industry discussion about anti-money-laundering boundaries for cross-chain protocols and “permissionless” limits.
1. BTC fluctuated and rebounded, with the market still caught in a tug-of-war within a key range. On September 29, Bitcoin briefly rose to about $84,554, but then resumed trading around the $83,000 area. Ethereum’s overall performance remained relatively steady, with the market still influenced by rising U.S. Treasury yields and inflation expectations.
2. U.S. crypto ETF inflows continued, but the pace clearly cooled. On Monday, total net inflows into U.S. spot ETFs for BTC, ETH, SOL, and XRP were about $64.8 million, including roughly $31.07 million for BTC and about $17.10 million for ETH. The BTC ETF has recorded net inflows for eight consecutive trading days.
3. Bitwise launched the first U.S. spot NEAR ETF and added a staking-rewards mechanism. The Block reported that the product went live on September 29, further showing that the U.S. crypto ETF market is expanding from BTC and ETH to more mainstream public-chain assets.
4. Blockchain.com is preparing to move forward with an IPO, targeting $500 million in fundraising. The crypto financial services company has filed a confidential listing application with the U.S. SEC, targeting a valuation of up to about $6 billion, indicating that traditional capital-market channels for leading players in the crypto industry are still opening up.
5. Stolen funds from Bitget continued to trigger on-chain freezing and a “no authorization” controversy. NEAR Intents said it intercepted attempts to exchange funds totaling more than $38.8 million related to a Bitget security incident, including about $50.3 million that was actually frozen. The incident has once again sparked industry discussion about anti-money-laundering boundaries for cross-chain protocols and “permissionless” limits.