• $USDT - ESMA requires EU-licensed platforms to stop providing services for non-MiCA-compliant stablecoins; outstanding exposure must be cleared within three months at the latest, and only temporary access is allowed for selling, exchanging, withdrawing, transferring, and custody to support an orderly exit.
• $USDC - Samsung Wallet will enable stablecoin functionality to 82 million compatible Galaxy devices in the US during the last week of October; USDC is the first and default USD stablecoin and supports remittances to eligible bank accounts in 60+ countries.
• $SOL - Securitize launches compliant tokenized stock trading on Solana, covering real-stock rights from companies such as Apple, Nvidia, and Tesla, with USDC settlement, targeting eligible investors in the US, EU, and other regions.
• ADA - The Cardano Foundation will split Veridian into an independent digital identity company; its shares will be tokenized natively on Cardano using CIP-0113, becoming the first security asset to implement this standard.
• TRX/POL - Polygon Open Money Stack officially supports TRON, enabling fiat on-ramps, TRC-20 USDT wallets, cross-chain routing, and bank withdrawals; more than $9.4 billion worth of circulating USDT on TRON has been integrated into a unified payments stack.
• ZCHF - Kraken opened ZCHF trading on October 8; this asset is an overcollateralized decentralized stablecoin tracking the Swiss franc, already deployed on Ethereum and multiple scaling networks.
Today, the two main themes are very clear: on one side, compliant stablecoins and real equity are accelerating into mainstream terminals; on the other, Europe continues to squeeze the living space for non-MiCA stablecoins. Capital will be more tilted toward licensed issuers, custody, and settlement infrastructure—concept mapping doesn’t equal direct benefit.
• $ADA - Cardano’s CIP-0113 programmable token standard has launched on mainnet, enabling compliance rules such as KYC, sanctions screening, freezing, and transfer restrictions to be built directly into native assets. The standard has also been recognized by Switzerland’s CMTA certification framework.
• $SUI - Sui announced that the Hashi mainnet will launch in phases in October and has secured more than $500 million in capital commitments. Anchorage Digital has joined the launch consortium, offering institutions qualified custody, tri-party settlement, and stablecoin liquidity support.
• $ZRO - Binance has completed the STG-to-ZRO token merger for Stargate Finance at a conversion rate of 1 STG = 0.08634 ZRO. Deposits and withdrawals of the old STG token are no longer supported.
• JPMB/LLYB/SECZB/USDEB - Binance has listed four bStocks spot trading pairs for JPMorgan Chase, Eli Lilly, Securitize, and StablecoinX, and added them as collateral for cross-margin and portfolio margin. Available only to users in eligible regions.
• OURA/EWZ - On October 7, OKX listed OURA pre-market valuation contracts and EWZ stock-like X-Perps, both available for 24/7 trading. These products track price movements only and do not represent ownership interests in the relevant companies or funds.
Today’s main theme clearly leans toward compliant assets and bringing traditional finance on-chain: Cardano, Binance, and OKX are all expanding access to programmable assets or securities-style trading. Sui Hashi’s $500 million in commitments is a more tangible potential liquidity catalyst, but committed capital is not the same as deployed capital, so its actual scale after the mainnet launch remains to be seen.
• $ZEC - Winklevoss Asset Services filed an S-1 registration statement with the SEC for a Zcash ETF, which it plans to list on Nasdaq under the ticker WINK, with an annual fee of 0.25%. Winklevoss Capital said it intends to subscribe for up to $100 million, though the indication is non-binding.
• $SOL - The Solana Foundation introduced an institutional-grade atomic settlement standard for Solana DvP. J.P. Morgan contributed input on settlement requirements. Assets and funds can be delivered simultaneously in a single transaction, with final settlement confirmed within seconds.
• $HYPE - Hyperliquid confirmed the release of 3.75 million HYPE tokens from the team allocation in October, worth approximately $337 million at the October 4 price—not the 9.92 million shown on some calendars. The entire allocation is slated to be transferred OTC to a single institutional buyer, but the sale price and lockup period have not been disclosed.
• ENJ - Enjin announced its Fort Canning upgrade plan: Relaychain and Matrixchain are targeted for upgrades on November 9 and November 16, respectively. The upgrades will introduce features including OpenGov, token lending, automatic token burning at maturity, and minting rate limits. Both upgrades still require completion of the governance process.
• USDEX/VKTX/MCD/AKAM - On October 6, Binance Futures launched four TradFi USDT perpetual contracts covering StablecoinX, Viking Therapeutics, McDonald’s, and Akamai. All support 24/7 trading and leverage of up to 20x.
Today’s strongest catalysts came from compliant investment access and institutional settlement: the ZEC ETF filing raises expectations of new allocations, while Solana DvP continues to compete for on-chain securities settlement. HYPE’s large release may limit immediate market impact through an OTC sale, but its subsequent on-chain flows are still worth monitoring.
• BAL/SFP - KuCoin announced that it will delist 30 tokens on October 8, including BAL, SFP, RVN, SCRT, ETHW, ICX, and FORTH. Deposits will be suspended at 16:00 (UTC+8) on October 6, and withdrawals will close on November 9.
• $BTC - On October 5, the U.S. CFTC launched a rulemaking process for crypto asset trading and markets. It plans to establish a unified national regulatory framework covering retail crypto commodity trading and is considering a dedicated registration category for “crypto asset markets.” The public comment period will last 60 days.
• $ENA - On October 5, Ethena unlocked 171.88 million ENA, about 1.1% of the total supply and worth approximately $40 million. Of these, 93.75 million tokens were allocated to core contributors and 78.13 million to investors.
• $ZEC - Zcash NU7 has been activated on the public testnet, reducing the target block time from 75 seconds to 25 seconds. The upgrade will also direct 60% of transaction fees to a reserve for future miner rewards. Mainnet launch is targeted for November 5.
• EVAA/PNT - On October 5, KuCoin opened spot trading for EVAA and PNT and launched a listing campaign featuring 734,000 PNT.
The key themes today are regulatory clarity and supply risk moving forward in parallel: the CFTC has begun laying the groundwork for unified rules, while Zcash is testing a performance upgrade. The ENA unlock and KuCoin’s large-scale delistings are reminders that the market must continue to distinguish fundamentals from liquidity risk.
• $SOL - Solana’s official weekly report revealed that Q3 application revenue reached $365 million, up 42.6% quarter-over-quarter, marking the 10th consecutive quarter in first place across the entire chain; Q3 spot DEX trading volume hit $197 billion, leading for the 5th straight quarter.
• $STRK - Starknet’s mainnet upgrade plan for v0.14.4 will be executed on October 5, pending governance approval; the upgrade will support SNIP-36 block-level transaction proofs and adjust gas pricing and the sequencer components. STRK rose by about 8.5% over 24 hours.
• $PUSA - Powerus tokenized stocks launched by Backpack can be traded on Solana 24/7 and can be redeemed 1:1 for Nasdaq PUSA stocks; Solana’s official statement says that after the listing, on-chain trading volume at one point exceeded that of the native stock market.
• HOOKED/AGENCY - MEXC listed HOOKEDUSDT and AGENCYUSDT perpetual contracts on October 4, with a maximum leverage of 20x; within 24 hours, both dropped by about 12.8% and 7.8% respectively. Liquidity brought by the new contracts did not prevent high volatility.
Over the weekend, funds continued to cluster around on-chain trading, RWA, and network upgrade pricing. SOL and STRK received clearer fundamental catalysts. Small-cap new contracts saw wild swings, and increased liquidity does not necessarily mean reduced risk.
Can this trillion-dollar subsidy spark the next bull market?
Trump recently promised that if the Republican Party wins both chambers of Congress, to give every adult U.S. citizen $5,000! Roughly speaking, it’s about 1.2 trillion dollars! Can this money really be distributed? If it’s actually paid out, how much would flow into the stock market and the crypto market? Will this trigger a new bull market breakout? Keep watching! A repeat of the 21-year bull run? from the end of March 2020 to November 2021. Bitcoin rose from around $6,000 to nearly $69,000—up more than 10 times. One of the key drivers of that rally was the US “massive handout,” During the pandemic, the US provided three rounds of direct cash support totaling about $814 billion.
• $ARB - Arbitrum Security Committee suspends the activation of new Stylus contract for Arbitrum One and Nova, and adds protective mechanisms to the BoLD dispute system to mitigate risks of AI-assisted attacks and denial-of-service attacks; existing contracts, Solidity/EVM, and users’ funds are not affected.
• $NEAR - NEAR Intents confirms that the approximately $3.8 million stolen in the earlier security incident has been fully returned, and the team has concluded its investigation.
• $BLAST - After Blast announced a chain halt, Bybit and KuCoin each announced on October 3 that they would delist the BLASTUSDT perpetual contracts; Bybit will stop trading at 15:30 (UTC+8) on October 4.
• OPN - Opinion unlocked about 10.36 million OPN on October 3, approximately 5.7% of the current circulating supply; of this, 9.17 million are allocated to the foundation and 1.19 million are used for ecosystem incentives. Over the past 24 hours, OPN fell by about 6%.
• CHEEL - Cheelee unlocked about 6.42 million CHEEL on October 3, worth approximately $2.06 million; of this, about 3.4 million went into the reserve fund and 2.78 million were allocated to the team.
Today’s focus isn’t a broad-market surge catalyst, but rather the re-pricing of risk: ARB chose to proactively block potential attacks, NEAR has completed the recovery of funds, and the chain-halt risk from BLAST is starting to transmit to major exchanges. For mid- and small-cap tokens, the additional supply of OPN and CHEEL is worth continued observation.
• $CT - Binance launched CTUSDT perpetual contracts on October 1 with up to 20x leverage; Binance Alpha simultaneously kicked off two trading contests, with the top 2,000 participants in each round splitting 258,000 CT per round. Effective purchase volume for the first two days is calculated at 3x.
• $NEAR - NEAR Intents was attacked due to vulnerabilities in the Omni deposit/withdrawal infrastructure and interactions with smart contracts, with an initial loss of about $3.8 million. The protocol paused services, completed the vulnerability fixes, and pledged full reimbursement; deposits/withdrawals across 11 chains were impacted at one point.
• $WLFI - Binance extended the USD1 position airdrop from October 2. The prize pool includes 150 million WLFI and up to 2.5 million USD1, distributed in two phases on a weekly schedule to eligible USD1 holders.
• XRP - Evernorth merger deal received shareholder approval. The transaction is expected to raise around $300 million in cash. The company expects to hold about 473 million XRP at closing and plans to list on Nasdaq under XRPN on October 8.
• QNT - OKX listed the QNT/USDT perpetual contract on October 1 with up to 50x leverage, and added QUANTUSD X-Perp to expand liquidity for QNT derivatives.
• BTC/ETH - The U.S. SEC proposed a new custody framework for crypto assets for investment advisers and regulated funds. Under certain conditions, it would allow self-custody and custody by state trust companies. It enters a 60-day public comment period.
In the short term, attention is concentrated on CT’s new listings across multiple platforms and Binance incentives, while NEAR needs ongoing focus on service restoration and subsequent post-incident review. For the medium term, what matters more is the SEC custody framework and the Evernorth listing—both are bringing compliance-institution funds into on-chain assets.
• $CT - Concrete completed multi-platform launch on September 30: OKX opened CT/USDT spot and CTUSD perpetuals; KuCoin simultaneously listed spot and up to 20x perpetuals. The two platforms jointly rolled out 1.22 million CT trading incentives.
• ADBEB, FWDIB, HPEB, PDDB, SHAZB, WENB, ZMB - Binance listed seven bStocks/USDT spot pairs on September 30 at 12:00 UTC, and also included them as collateral for full-margin and portfolio margin. This expands trading and capital efficiency for tokenized US stocks.
• $DOGE - DogeOS launched a public testnet. An EVM-compatible ZK Rollup is deployed using DOGE as Gas, supporting applications such as trading, lending, stablecoins, and prediction markets. Mainnet timing has not been announced yet.
• ADA - The Cardano Foundation and Brazil’s state-owned energy giant Petrobras announced two R&D applications. Using Cardano to track end-to-end lifecycle data for sustainable aviation fuel and renewable diesel strengthens real enterprise-grade use cases.
• $PUMP - Binance launched a PUMP/USDC trading competition on September 30. The total prize pool is 50 million PUMP, running until October 7. The minimum cumulative trading volume requirement is $500.
• O - Binance Alpha launched two rounds of O trading competitions. In each round, the top 2,000 participants ranked by buy volume will share 184,000 O. The first round runs until October 7, and the effective trading volume for the first two days is calculated at 2x.
Exchange listings and trading incentives remain the main short-term traffic driver. CT and Binance bStocks are more likely to generate amplified trading volume. For the mid-term, the key to watch is whether the DOGE application layer and ADA enterprise deployments can translate into real on-chain usage.
Trading is a bit like watching a glass of beer that’s just been shaken.
That thick layer of foam on top is market sentiment; how much beer is really at the bottom is what we need to care about.
We need to find projects where there’s real beer in the glass, but the market hasn’t noticed yet—buy in before the foam rises, and sell when everyone crowds in and the foam is about to overflow the rim.
In plain language: trade the expectation, sell the reality, and end up on the opposite side of most people.
UNI is an example. From the beginning as an useless governance token, to the proposal to burn, then to Robinhood’s trading volume exploding leading to a surge in buybacks, and then to the SEC rolling out “Innovation Exemption,” supporting the on-chain movement of U.S. stocks.
I bought before the foam even started rising, and sold at a $10 price when the place was loud and crowded—because I saw the foam.
HYPE is also a good case. Why do I keep recommending it? Because it’s not a glass of beer—it’s a whole barrel. The market’s assessment of it is too low, so I’ll keep holding it.
After talking about the positive examples, let’s look at the negative ones.
Genius built a launchpad, CZ forwarded it, and it spawned a few memes with tens of millions in market cap. But the products the team made before were terrible, and now that platform still doesn’t conduct buybacks. The glass has only half a cup of beer, but the foam is about to spill over. In that kind of situation, I’ll short it—and it’s been dropping horribly ever since.
ASTER is another example. A low-quality clone competitor made by copying HYPE, propped up by trading volume through the CZ advisor name and the airdrops. Once you’ve used it, you know it’s also only half a cup of beer—but the foam is about to fill the glass, so I said short before.
In short, trading isn’t hard. Just don’t confuse foam (sentiment) with beer.
I haven’t shared much lately. Actually, there’s no need to trade every day. Grasp 3–5 opportunities a year that you can understand is enough.
Of course, trading less doesn’t mean not watching the market. The market has to be checked every day—keep your hands moving as little as possible.
(1) The market pulls back, yet trading volume expands clearly
As of 09:04 Beijing time, according to CoinGecko’s total market cap across the entire market, it is about $2.87 trillion, down 3.06% over 24 hours. Trading volume is about $15.25 billion, but instead it has grown by 39.73%. BTC’s market dominance rises to 58.24%, while ETH is 11.40%, indicating that this round of pullback mainly weighs on altcoins, with funds further concentrating toward BTC.
In Binance’s real-time order book, BTC is at $83,171, down 1.13% in the past 24 hours, trading between $82,563 and $84,381. ETH is at $2,678, up slightly 0.16%. SOL is at $118.22, down 3.08%. BTC and ETH are relatively resilient, while high-beta assets like SOL retrace more deeply—suggesting that risk appetite did not continue the broad-based pattern from yesterday.
My take: Trading volume expanding alongside total market cap declining suggests real turnover, not just small weekend “thin order book” fluctuations. If BTC continues to hold the $82,563 level, the market is more likely undergoing altcoin deleveraging. If that level breaks, the drawdown may only then expand from structural divergence into broad market risk.
(2) Stablecoin supply increases; DEX trading surges—money hasn’t left the chain
In DefiLlama’s latest daily data, total stablecoin supply is about $311.47 billion, up roughly $1.384 billion from the previous day, a daily increase of 0.45%. In the same period, total DeFi total value locked (TVL) is about $95 billion, of which Ethereum is about $53.36 billion, Solana about $6.60 billion, and Base about $6.25 billion.
Over the past 24 hours, DEX trading volume is about $10.76 billion, versus about $7.41 billion the day before—up 45.14% day-on-day. In other words: prices are falling, but stablecoin supply and on-chain turnover are both increasing. This looks more like fund reallocation, risk hedging, and chasing volatility—not a net exodus from the crypto market.
My take: Stablecoin growth leaves “ammunition” for the next rebound, but high trading volume doesn’t automatically mean the market has already turned strong. Next, we need to see whether DEX trading can stay above $10 billion while BTC does not make new lows. If either condition fails, today’s surge in volume is more likely just concentrated stop-loss selling and switching positions.
(3) Two certain windows today: Bitget resumes ETH withdrawals; JOLTS released in the evening
Bitget plans to resume ETH withdrawals on the Ethereum, BSC, Arbitrum, Base, and Optimism networks at 16:00 Beijing time today. BTC withdrawals resumed yesterday at 16:00. USDT is planned to resume at 16:00 tomorrow. The platform is still in a phased recovery period following the security incident. What’s truly worth watching is whether, after reopening, on-chain net outflows and incoming transfers are smooth.
At 22:00 Beijing time today, the U.S. Bureau of Labor Statistics will release August JOLTS job openings. July job openings were 7.3 million, with both hires and separations around 5.1 million. If the new data comes in significantly stronger than the prior figure, the market may resume pricing for keeping interest rates elevated. If it comes in clearly weaker, that would be more favorable for easing the current drawdown in risk assets.
These two windows are different in nature: Bitget affects local fund movement and platform confidence, while JOLTS affects the U.S. dollar, interest rates, and the valuation of the entire market. Don’t mistake exchange fund flows at 16:00 for a macro direction, and don’t draw conclusions early with one or two short-term candlesticks before the 22:00 data lands.
(4) Conclusion
1. First watch BTC’s intraday low at $82,563. If it holds, treat it as structural deleveraging. If it breaks, handle it as risk spreading. 2. Track whether stablecoin supply and DEX trading volume can both stay elevated. Only when on-chain funds and prices stabilize together will a rebound be more solid. 3. Today at 16:00, watch Bitget’s net outflow after ETH withdrawal resumes. At 22:00, watch how JOLTS and U.S. Treasury yields respond—separate these two time points when assessing.
Risk: The current market-wide drawdown is clearly larger than BTC’s, suggesting altcoins are under heavier pressure. Even if majors stabilize, high-volatility tokens may continue to underperform—don’t interpret BTC’s relative resilience as the whole market bottoming out.
• Bitget - Resumed BTC mainnet withdrawals at 16:00 Beijing time on September 28. Earlier, a security incident was confirmed to have affected approximately $387.5 million. The ETH withdrawal plan will resume at 16:00 on September 29, and USDT withdrawals at 16:00 on September 30. Other tokens, fiat, and P2P withdrawals are scheduled to resume at 16:00 on October 2. • Coinbase - On September 28, received approval from the U.S. CFTC to register Coinbase Clearing LLC as a derivatives clearing organization, capable of clearing fully margined futures, options on futures, and swaps. On the same day, it expanded cooperation with Citi to provide enterprises with automatic conversion from fiat to stablecoins, stablecoin receipts, and fiat settlement capabilities. • $BTC - Strategy disclosed on September 28: from September 21 to 27, it bought 1,665 BTC for about $142.7 million, at an average price of $85,681. Total holdings increased to 847,666 BTC. • $LINK - Chainlink launched CCIP 2.0 on September 28. It added cross-chain validators that can be run either by users or third parties, along with configurable confirmation speeds, and integrated ACE to execute compliance strategies such as KYC, AML, and transaction limit controls. • $XDP - Doppler Finance completed its TGE and opened the airdrop claim at 20:00 Beijing time on September 28. OKX and KuCoin opened XDP/USDT spot trading at 21:00; the official contract is 0x07b3…91D0 on the Base chain. • MARSCOIN / Niu Lai - On September 28, Binance announced support for SPCXB and QQQB holders to receive an airdrop: daily random snapshots are used, and only single-token daily holdings exceeding 10,000 units are counted. In addition, two tokens were set aside to add a 30% spot-fee bonus; the first batch is expected to be distributed in early October.
Observation: Today’s main theme isn’t a broad market rally—it’s repairs to trading infrastructure and compliance expansion. Bitget is still restoring services in phases, while Coinbase, Citi, and Chainlink are advancing clearing, stablecoin payments, and cross-chain compliance in parallel. In the short term, focus on XDP’s new-coin liquidity, and the holding games driven by the MARSCOIN and Niu Lai airdrop rules—don’t treat expectations as already received profits.
(1)ETF sees continued net inflows, but Friday’s buying pace clearly slowed
As of 09:03 Beijing time on September 27, Farside has filled in the data for September 25: the U.S. spot BTC ETF recorded a net inflow of $134.5 million on the day, while the ETH ETF recorded a net inflow of $87.0 million. Over the entire week, their combined net inflows were approximately $2.3858 billion and $689.8 million respectively. However, BTC’s single-day inflow dropped from $999 million on Monday to $134.5 million on Friday. The direction remains positive, but the marginal strength is weakening.
BTC is around $84,315, up 0.5% over the past 24 hours, trading in the range of $83,835—$84,421, with turnover of about $17.81 billion. The price is holding near 84,000, but it hasn’t accelerated; new capital is still absorbing sell pressure.
My view: ETFs provide support for the mid-term structure, but there’s no new subscription data over the weekend. Whether the new round of capital on Monday can remain net positive is the key test for whether the rebound can expand.
(2)Stablecoins continue to grow, and on-chain funds haven’t left, but spot trading isn’t that hot over the weekend
Crypto total market cap is about $2.987 trillion, up 0.1% over 24 hours. Total market turnover is about $58.14 billion. BTC’s market share is 56.7%, and ETH’s is 11.0%—funds are still concentrated in large-cap assets.
DefiLlama data shows total DeFi total value locked (TVL) is about $95.382 billion, up 0.28% over 24 hours. Stablecoin total supply is about $306.654 billion, up 0.56% over 7 days, with USDT accounting for 59.92%. Money is still staying in the on-chain ecosystem; there’s no obvious “liquidity being pulled out.”
Trading activity, however, is somewhat tepid: DEX turnover over the past 24 hours is about $6.818 billion, and perpetual futures are about $17.098 billion. Over the past 7 days, both grew by 7.25% and 8.43% respectively; derivatives remain more active than spot.
My view: it looks more like “liquidity is there, but risk appetite is only moderate.” If total market cap rises, stablecoins continue to be minted, but DEX spot fails to keep up, be wary that the rally may be driven mainly by leverage.
(3)QNT rises another 60% in 24 hours; increased trading volume is real—no, the catalyst didn’t just appear today
QNT is currently around $161.83, up 64.8% in 24 hours, and up 132.1% over 7 days. 24-hour turnover is about $270.4 million, up roughly 192% from the previous day, and market cap is about $2.35 billion. Both volume and price are at abnormal levels.
The verified catalyst came from September 24: The Clearing House selected Quant to provide interoperability, orchestration, and transaction management layers through its On-Chain Money Initiative, and connect RTP and CHIPS payment networks. The two parties’ official websites can confirm this crosswise.
You need to make the timeline clear: the partnership announcement isn’t new news from the past 24 hours. The new change is that price and trading volume have continued to accelerate. This is more like a second wave of repricing that follows confirmed positive news—not the emergence of an entirely new partnership.
My view: the event-level impact is high and the trading activity is real, but after a doubling in a week, risk has shifted into expectation-driven overspending. Going forward, you only need to watch participation by banks, pilot progress, and whether QNT receives clearly defined fee or lock-up demand; as of now, there’s no quantified answer from official sources.
(4)Conclusion
1. On Monday, focus on whether BTC and ETH ETFs continue to see net inflows; BTC should first be watched to see if the narrow range of $83,835—$84,421 can be broken through effectively. 2. Monitor whether stablecoin supply growth and DEX spot turnover rise in sync; only when both the capital size and real turnover increase together will the rally’s sustainability be more solid. 3. For QNT, track only new incremental progress and whether trading demand is being absorbed; don’t repeatedly treat the same September 24 announcement as a fresh catalyst.
Risk: Weekend total turnover is on the low side. For certain strong coins, upside gains can be exaggerated by thin order books, and price volatility may arrive faster than fundamentals can confirm.
💥Big Bit Eagle Coin Circle Breaking News 26/09/27💥 • $XRP / Bitget - On September 26, the attacker continued transferring approximately $83 million worth of stolen XRP; the original five addresses still have about $75 million remaining. Bitget confirmed the vulnerability has been fixed. Total losses are approximately $387.5 million. Bitget also announced that BTC, ETH, USDT, and other assets will resume withdrawals in batches from September 28 to October 2. • $ZRO / STG - On the morning of September 26, MEXC completed the STG→ZRO conversion at a ratio of 1:0.08634. ZRO deposits/withdrawals and trading have been opened. Old STG is no longer supported for deposits or re-issuance. • ZANO / FUSD - On the afternoon of September 26, MEXC, at the project team’s request, paused deposits and withdrawals for two assets. The announcement did not state that trading has stopped. Holders should first verify the on-chain status and the exchange channel status. Observation: The most important thing today is the exchange’s risk handling and asset migration. The former depends on whether Bitget’s withdrawals can resume according to the schedule; the latter depends on whether ZRO can take over and how the liquidity switch from old STG works. ZANO/FUSD only confirm that the channels are paused and do not speculate on the reasons.
💥 Major events in the BitEagle coin market 26/09/20 💥
• $BTC / ETH - On September 18, the US spot BTC ETF saw net inflows of $433 million, while ETH ETF net inflows were $143.7 million. As of 08:30 Beijing time, BTC was about $81,278 and ETH about $2,628; over the past 24 hours, they were approximately +0.3% and +0.6% respectively.
• $AKE - Up about 37.4% in the past 24 hours, trading at $0.06431. At around 08:00 on September 21, 2.1078 billion tokens will be unlocked. Valued at current price, that is about $136 million, equivalent to roughly 9.2% of the current circulating supply. Private placements and insiders together account for 69.5%.
• $ZRO - On September 20, 31.25 million tokens will be unlocked. At the current price of $1.12, the value is about $35 million, roughly 8.8% of the current circulating supply. Of that, private placements and insiders together account for 76.9%.
Observation: ETF funds have returned to support major coins, but the price didn’t continue to see volume expansion over the weekend. AKE and ZRO have both entered clearly defined supply windows. First, look at exchange deposits, spot order-book depth, and funding rates—don’t confirm a trend by treating pre-unlock volatility as confirmation.
(1) $BTC returned to $80,000, and funds began to flow back As of 14:19 Beijing time, $BTC is at $80,991, up about 4.58% on the day; $ETH is at $2,625, up about 5.75% on the day. Against the backdrop of the Fed’s rate hike, the CLARITY Act hitting a setback, and the Middle East conflict not yet fully cooling, the rebound’s strength is stronger than the market expected. Liquidity conditions have also improved. U.S. spot Bitcoin ETFs saw net inflows of about $160 million on Thursday, ending two consecutive days of net outflows. Crypto-related stocks such as Coinbase, Robinhood, and Strategy jumped in tandem, indicating that this rally is not just a pump in smaller coins—traditional capital is also returning to trade crypto assets.
(1) BTC holds up against the rate hike, and funds first return to Bitcoin As of 08:20 Beijing time, BTC is at $81,069, up 6.22% on the day; ETH is at $2,613, up 7.16%. The value of this rebound lies in the fact that it happened right after the Federal Reserve raised rates by 25 basis points to 3.75%—4.00% and the CLARITY Act cleared failed to advance. The bearish factors did not continue to pressure prices, indicating that the prior reduction in positions had already been relatively sufficient, and short-term funds have started to refill. ETF funds also show a turning point. According to the Farside data, on September 17, U.S. spot BTC ETFs recorded net inflows of $159.5 million, ending the prior two consecutive days’ combined net outflows of $746.3 million; as of September 18, the current temporary net inflow is $11.6 million. ETH ETFs, on the other hand, saw a net outflow of $39.3 million on September 17, and a temporary net inflow of $1.3 million on September 18, with clearly weaker力度 than BTC.
Trump says the U.S. “will easily win” its war against Iran and expects the conflict to end soon (Global risk assets may be affected and see volatility)
$HYPE , ZEC - Break to new highs
HYPE - Hyperliquid launches manual lending/borrowing: HYPE and BTC can be used as collateral to borrow USDC or USDT, with collateral ratio limits of 65% and 50% respectively
$TRUMP - The team recently transferred 11.25 million TRUMP tokens, with part deposited to OKX
$INJ - 21 Shares filed revised Injective ETF documents with the SEC, planning to list on Nasdaq under the ticker TINJ
STG/ZRO - Binance confirms support for Stargate integrating into LayerZero; trading of all STG spot pairs will stop starting from 11:00 on Oct. 6
The CFTC has submitted a new proposal for cryptocurrency market rules to the White House, covering crypto asset trading and market supervision