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Starknet’s native token, STRK, has surpassed the $0.10 threshold, reaching its highest level since the start of the year after gaining more than 40% in 24 hours amid rising trading volume.
Broad momentum across Layer 2
The rally reflects renewed interest in Ethereum’s Layer 2 ecosystems as developers push network upgrades.

Caution over sustainability
Traders are watching to see whether STRK can hold above the psychological $0.10 threshold, as the broader ETH market has yet to recover.

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U.S. spot Ethereum ETFs recorded $56.1 million in outflows on October 9—the ninth consecutive day of net outflows—with all withdrawals coming from BlackRock’s ETHA fund.

Broader trend
Weekly outflows from ETH ETFs reached $542 million, the worst level since January. Traders are also increasing their short positions, with short exposure now exceeding spot holdings, indicating increasingly bearish sentiment.

Partly True

An announcement from the Treasure ecosystem about integrating autonomous AI agents and Treasure Chain infrastructure pushed MAGIC's price from $0.078 to a peak of $0.1595—a 45% rally driven by speculative momentum.

A sharp reversal followed shortly afterward
Heavy profit-taking triggered a rapid 31% correction, with the MACD turning negative and the RSI-6 dropping to 31, signaling that the trend was losing steam and warning against chasing the price.

MAGIC+18.50%

Ledger is investigating reports of Southeast Asian users losing funds after purchasing devices from the CryptoBilis reseller, with estimated losses exceeding $86 million across the Ethereum, TRON, and Bitcoin networks.

CZ warns the industry
CZ has highlighted the incident as a clear supply chain attack involving modified or counterfeit devices. He urged recent buyers to move their assets immediately and called on the BNB ecosystem to help trace the stolen funds.

BNB-0.24%

CZ announced that GiggleAcademy, his free education platform, grew from 100,000 users in January 2026 to 2 million on October 8 — a 20-fold increase in just nine months.

Global Educational Impact
This milestone highlights the platform’s rapid adoption and CZ’s continued influence in creating blockchain-related social impact at scale.

Escalating conflict in the Middle East — including Houthi rebel attacks on Saudi airports and Iran’s declaration of a state of “total war” — has pushed oil prices above $100 a barrel, triggering a sharp sell-off that sent BTC down to $82,734.

Impact on the crypto market
More than $697 million in long positions across the crypto sector were liquidated within 24 hours, with ETH accounting for $236 million in losses.

Outlook
According to reports, the U.S. Pentagon is preparing options for strikes on Iran ahead of the November midterm elections, keeping risk-off sentiment elevated.

The Solana Foundation has launched Solana DvP, an open-source atomic clearing program that enables banks, custodians, and exchanges to settle tokenized assets and payments in a single transaction, with finality in seconds.

Partnering with JPMorgan
JPMorgan contributed its settlement expertise to the design process, marking an important bridge between traditional finance and blockchain infrastructure.

Advancing the SOL ecosystem
The tool supports SPL and Token-2022 standards and has passed external security audits, further strengthening SOL’s appeal to institutional investors.

SOL-0.44%

JPMB-0.17%

While the S&P 500 and Nasdaq 100 set new all-time highs above 7,800, BTC fell back to the $85,000 range — diverging from the traditional risk-on rally.

Macroeconomic ripples
The 10-year U.S. Treasury yield rose to nearly 5.35% (a 24-year high), and $90 million in outflows from spot BTC ETFs on October 5 weighed on crypto market sentiment, despite the strong rally in equities.

Verified

The SEC approved six Volatility Shares ETFs on the Cboe BZX exchange, including the first 3x leveraged BTC and ETH products—breaking the previous 2x limit and built on CME futures.

Market implications
The approval signals expanding access to institutional products. However, the SEC and FINRA warn that returns over periods longer than one day may differ significantly from the daily target.

Solana has rebounded above $120 after U.S. spot SOL and futures ETF funds recorded a record net inflow of $188 million as of the end of September, while analysts are targeting the next resistance level at $125.

On-chain activity surges
Tokenized stock trading on Solana reached a record high of $4.4 billion in September, with Raydium’s trading volume increasing fivefold—from $500 million to $2.8 billion compared with the previous month—showing growing depth of real-world application across the ecosystem.

RAY-3.33%

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Head of research at Grayscale, Zach Pandl, believes the AI crypto sector rose 54% in September, far outpacing the 24% increase of the overall crypto market, with NEAR up 183%, VVV up 70%, and TAO up 47%.

Growth potential
Despite a rebound, the total market capitalization of AI crypto is still only around $15 billion — the smallest among Grayscale’s six crypto sectors — suggesting there is still plenty of room for further development.

The convergence of AI and blockchain
Public blockchains are increasingly being viewed as infrastructure for AI agents, payments, and verifiable computing.

1.Iran reopens the Strait of Hormuz
Iranian Foreign Minister Araghchi said that if the US accepts the proposal, the Strait of Hormuz will be reopened within 7 days, which could affect the global energy market and the sentiment of the cryptocurrency market due to geopolitical repercussions.

2.Bitcoin volatility gradually declines
Analyst Darkfost said that Bitcoin’s volatility under the Potentiel law has narrowed by 49% over the past decade, with daily standard deviation falling from 4.81 to 2.47; current fluctuations are at +34.5 when BTC is at $84,700, suggesting that the market is maturing and gradually converging around the trend line.

3.Trump forms an AI task force
The Trump administration has established a working group on artificial intelligence, the Super Intelligence Force, led by National Intelligence Director Jay Clayton, requiring the submission of a report within 120 days on risks related to advanced AI as well as the role of the federal government in ensuring safety, security, and managing the AI industry.

Non-farm employment data for September only reached 29,000 — 68% lower than the forecast level of 90,000 — while the unemployment rate rose to 4.2%, reinforcing expectations that the Fed will continue cutting interest rates.

A surge in cryptocurrency prices
BTC jumped to $88,000 on confidence that rate cuts are coming before adjusting back. Short liquidation orders exceeded $120 million, along with capital inflows into ETFs totaling $103 million on the very first day of October, boosting the upward momentum.

The founder has announced the relaunch of Techne with a pilot rollout of Beacon and the integration of Buoy funding via its quadratic method, creating an optimistic, speculative sentiment and leading to net inflows of more than $422 thousand within just one hour.

Risks
GTC has risen from $0.095 to $0.171, but the RSI-6 indicator is at 95.4, indicating extremely overbought conditions, along with the risk of a pullback toward the EMA-25 support level at $0.120.

GTC-6.68%

Fed Vice Chair Jefferson and Governor Bowman show there is no longer urgency to continue raising interest rates, while “Fed’s windbag” Nick Timiraos reports that officials may wait longer before acting — which has significantly reduced expectations for a rate hike in October.

Crypto market reaction
A more dovish trend pushed BTC above the 84,000 USD mark, as the lower probability of interest rate hikes helps ease pressure from the 10-year Treasury yield near 5.3%, providing short-term relief for risk assets.

Core U.S. PCE index in August rose only 3% year over year—far below the expected 3.3% and the lowest since February—prompting a strong surge in the crypto market, with BTC breaking above $85,000 and ETH reclaiming the $2,700 level.

Impact on the market
Over $255 million in short positions were liquidated after weaker inflation data sparked hopes that the Fed will pause rate hikes, with the probability of a rate increase in October on the CME narrowing to about 47%.

Verified

The yield on U.S. Treasury bonds with a 30-year maturity hit 5.6% in the trading session—the highest level since June 2002—while the 10-year yield rose to 5.24%, the highest since 2007, dragging stocks lower and putting pressure on risk assets.

Impact on crypto
BTC fell from the 84,000 USD level because long-term holders were unwilling to take profits further; analysts are debating whether yields driven by budget deficits could ultimately push capital into BTC as an alternative investment channel.

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