🌅 Good morning, crypto|Overnight highlights for 10/25
1️⃣ $BTC briefly fell to $79,146 on Saturday, dropping below the $80,000 mark. About $800 million in positions were liquidated over 24 hours; $ETH fell below $2,350, and SOL dropped below $100. The market attributed the moves to rising US-Iran tensions and ETF outflows.
2️⃣ ETF flows: On 10/22, US spot Bitcoin ETFs saw net outflows of $635.6 million in a single day—their largest since June. Outflows continued on 10/23, at about $138 million. BTC
3️⃣ BTC dominance hovered around 60.1%–60.6%, while the Altcoin Season Index remained in the low 50s. Whether funds will rotate into [unclear] and altcoins remains to be seen.
4️⃣ CZ posted that every past claim that “Bitcoin is dead” had made for a good buying opportunity. In an interview, he also said that AI agents will use cryptocurrency for payments in the future, rather than banks. $BNB
5️⃣ Interest in BSC Agent ID mints remains strong: MilkBao (5,000 units) is set to open for minting tonight at 20:00 Beijing time, exclusively for Agentic Wallets linked to a .ai Agent ID. Blue Sky, Ghost Agents, Special Agent, and others also offer the first mint free for each Agent ID; you only pay gas. BNB
6️⃣ GANG, a launchpad exclusively for agents: only Agentic Wallets with a .ai Agent ID can buy during the bonding-curve phase, with a 1% cap per wallet. Once a token graduates, its LP is burned. A new Gang Pair feature also lets users trade tokenized stock pairs.
7️⃣ IRYS surged by about 5,000% at one point within 48 hours of its Binance futures listing, then fell more than 84% from its high. Both longs and shorts got a harsh lesson.
8️⃣ This week to watch: the 10/28 FOMC rate decision and tech earnings reports. Short-term volatility may increase. BTC
Since Binance Agent ID launched, Ptah’s Relics has been one of the first Agentic Wallet launch projects to take off. $PTAH is now live, and Loom mining has begun.
🔹 How it works: Combine 10 Relics to create 1 Loom. It starts mining automatically, and an Agent can claim rewards periodically. 🔹 15-day cycle: Rewards are highest during the first 2 days, halved on days 3–6, and drop to one-third on days 7–15. The earlier you combine, the better. 🔹 Market: According to community reports, around 65% of Relics have already been combined and burned. Loom listings briefly reached 200U and are now around 190U. 🔹 Note: The more miners join, the lower the output per unit. (The first-day output shown on the page has fallen from around 26,000 tokens to around 14,700.)
⚠️ Reminder: 1. The identically named $Ptah on Solana is riding the hype and is unrelated to this project. 2. Mined tokens may be sold off in large quantities. If you’re buying a miner at a high price, calculate the payback period first.
Agent ID-exclusive launches are appearing one after another, but most are being promoted by newly created accounts. Before minting, have your Agent review the contract, and remember to revoke approvals afterward. DYOR.