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What Is MarsCoin (MARSCOIN)?
The idea behind MarsCoin is simple: hold a meme coin and earn rewards in another token. Built around a Mars theme, MARSCOIN runs on BNB Chain and funds SPCXB rewards through fees collected on purchases and sales. The project combines interest in space with tokenized stocks, offering a reward model tied to trading activity.What MarsCoin Is and How It BeganMarsCoin is a meme token built around Mars and space exploration. The project describes itself as a “stock coin,” highlighting its connection to a tokenized asset called SPCXB. Distributing SPCXB to eligible MARSCOIN holders is one of its defining features.The MarsCoin name has been familiar to the crypto community for years. A social media exchange between Elon Musk and Binance founder Changpeng Zhao in February 2021 helped bring it to a wider audience. The current BNB Chain project draws on the attention generated by that conversation and the broader fascination with Mars. That exchange does not mean MARSCOIN launched at the time. Several projects have used the MarsCoin name; this guide covers the BNB Chain token that uses Flap’s infrastructure and offers SPCXB rewards.The project’s approach creates an incentive to hold the token. Trading activity funds the rewards vault, while users with qualifying balances can receive distributions. Interest in the token therefore feeds into both its trading market and its reward system.The Connection to BNB Chain and FlapMarsCoin runs on BNB Smart Chain and uses Flap’s token creation infrastructure. Flap allows developers to launch tokens and direct trading fees toward different purposes, including reward distributions.For MarsCoin, this works by channeling trading fees into a rewards vault. BNB Chain provides the network where transactions take place, while Flap supports the project’s trading and vault mechanisms. The token’s own rules determine how that infrastructure is used.The vault is the smart contract structure at the center of the system. Funds collected from users’ transactions accumulate there and support reward distributions. Understanding MARSCOIN therefore involves looking at how the vault is funded alongside the price chart.How It Differs from Other Marscoin ProjectsThe project most easily confused with MarsCoin is MARS, which launched in 2014. That older project has its own blockchain, uses a Scrypt-based Proof of Work mechanism, and has a total supply of approximately 39.57 million coins. MARSCOIN on BNB Chain is a separate token with a different economic model.The distinction also matters when looking at historical price data. MARS’s earlier price movements, mining structure, and development history do not describe MARSCOIN. One project’s years of operation do not give the other the same track record.MARSCOIN’s contract address on BNB Chain is 0xfe189e97832da1573e4e4ff034f4ffc3a15c7777. In wallets, block explorers, and decentralized trading platforms, this address distinguishes the token from other assets with the same name.MarsCoin’s History and DevelopersMarsCoin’s history on centralized exchanges can be traced through listing announcements from the summer of 2026. MEXC announced July 30, 2026, as the start date for MARSCOIN/USDT trading, with withdrawals scheduled for the following day at the same time.This listing is a documented milestone in the project’s expansion onto exchanges. The exact date the token was created and the time of its first on-chain transaction are less clear. The July listing therefore marks its entry into centralized markets.MEXC’s announcement already highlighted trading against SPCXB and distributing rewards from a vault. This shows that the reward mechanism was a core feature in the project’s early exchange introductions.The next major listing announcement came from Gate. The exchange announced that MARSCOIN spot trading against USDT would open on August 27, 2026. Its conversion service for the token was also scheduled to launch that day.Binance added MARSCOIN to its spot market on September 4, 2026, with USDT, USDC, and TRY pairs. According to Binance Academy, the token had been available through Binance Alpha before its spot listing. Binance also applied the Seed Tag, which identifies projects that may experience higher volatility.KuCoin announced September 5, 2026, as the start date for MARSCOIN/USDT trading. These announcements, spanning July through September, show an increase in the number of centralized platforms offering access to the token.Centralized exchange pairs allow users to trade MARSCOIN against assets such as USDT. Its SPCXB pairing on Flap forms part of the project’s on-chain model. Fees and reward arrangements can differ between these two trading environments.What Is Known About the Team and CommunityPublic information about MarsCoin’s founding team is limited. The official website does not provide a detailed team profile covering the developers’ names and professional backgrounds. A specific individual therefore cannot be identified as the founder with confidence.One of the project’s community communication channels is the @bnbMarsCoin account on X. The official website also emphasizes community participation, although it provides less detail about how responsibilities are divided within the team.This is one of the information gaps to consider when assessing MarsCoin. Knowing who is responsible for technical decisions and contract management is particularly relevant to following the project’s long-term development.How Does MARSCOIN Work?MARSCOIN has a total supply of 1 billion tokens. This figure appears in MEXC’s listing announcement. Available sources do not include a detailed allocation table showing the shares reserved for the team, private investors, and community.Supply also affects how the price should be interpreted. If all 1 billion tokens were circulating, for example, a price of $0.10 would imply a market capitalization of $100 million. A low price per token therefore does not necessarily mean a low overall valuation.Token ownership is a separate consideration. Large wallets can matter for potential selling pressure, but an exchange custody address may contain the combined balances of many users. The size of an address does not always reflect the holdings of a single investor.MARSCOIN’s reward threshold is another factor to consider alongside supply. Even if the required number of tokens stays the same, the cost of reaching that balance changes with the price. A rising price can make participation more expensive, while a falling price allows the same number of tokens to be purchased for less.The SPCXB Connection and Reward SystemMarsCoin is paired with SPCXB on Flap. The project describes SPCXB as a tokenized version of SPCX on BNB Chain and distributes it to MARSCOIN holders as a reward. Users therefore hold one asset and receive rewards in another. MarsCoin's three parts. This distinction directly affects return calculations. As MARSCOIN’s market price changes, the value of accumulated SPCXB can change too. A user’s total holdings depend on both their MARSCOIN balance and the current value of the rewards received.A trading pair is an exchange of one asset for another. Trading MARSCOIN against SPCXB does not mean the two tokens have equal prices or move by the same percentage. Their exchange rate can change with market conditions.Tokenized stocks bring exposure to a traditional asset’s price onto a blockchain. How the underlying asset is held and which rights the token holder receives can vary by product. The claim that SPCXB has one-to-one backing comes from the project; its reserves and custody arrangements require separate verification.Trading Taxes and Distribution RulesUnder MarsCoin’s stated model, purchases incur a 3% charge and sales incur another 3% charge. These funds support the SPCXB rewards vault, with a stated minimum balance of 10,000 MARSCOIN for automatic distributions. Manual reward claiming is also available through Flap.Here, “trading tax” refers to the charge built into the token’s mechanism. It does not describe a payment to a public authority or a user’s personal tax obligations. The charge on token purchases and sales finances the reward model.These deductions create a cost, particularly for frequent traders. In a simplified example, deducting 3% from 100 units leaves 97; deducting another 3% from the remaining amount on sale leaves 94.09. Even with no price change, the combined effect is a 5.91% reduction.Flap’s general reward infrastructure can include minimum balances, distribution thresholds, and automatic triggers. Qualifying for a reward and receiving it in a wallet may therefore happen at different stages. The exact rules for MarsCoin depend on its vault and contract settings.Rewards for MARSCOIN held on an exchange depend on that platform’s arrangements. For example, MEXC’s September 16–October 14, 2026, campaign offers reward sharing subject to identity verification and an average holding of at least 1,500 MARSCOIN; payments are converted into futures bonuses. These terms differ from automatic SPCXB distributions to a personal wallet.The Meme Coin and Tokenized Stock ModelMarsCoin stands out for connecting interest in a meme token with rewards paid in another asset. The space theme shapes its branding, while trading charges provide an economic incentive to hold the token. This adds expectations of rewards to expectations about its price.The model links traders with holders. Transactions subject to the trading tax fund the vault, while qualifying balances benefit from distributions. The continuity of rewards therefore depends on sustained trading activity.This structure does not provide a fixed monthly income. Market activity, the total balance eligible for rewards, and the value of the distributed asset can all change over time. A payout during an active trading period may not reflect returns during a quieter one.The currency used to measure rewards also affects the result. The amount of SPCXB in a wallet can increase while its dollar value falls, and the reverse is also possible.Looking only at the number of tokens distributed also leaves out buying and selling costs. The full return becomes clear only when these elements are considered together.Earning rewards does not necessarily mean the overall position is profitable. If a MARSCOIN holding initially worth $1,000 falls to $800 while generating $30 in rewards, its total value is $830. In this hypothetical example, the rewards offset only part of the price decline.Is There a Connection to SpaceX or Elon Musk?Elon Musk and the Mars theme feature prominently in MarsCoin’s story. However, there is no verified announcement that Musk developed this token or that SpaceX is an official partner. The earlier social media conversation did not announce such a partnership.Buying MARSCOIN does not give the holder equity in SpaceX. It provides neither voting rights in the company nor direct ownership. The project’s connection through SPCXB does not change that distinction.The rights attached to a tokenized product depend on its issuer’s terms. Price tracking, custody protections, and shareholder rights are separate features. MarsCoin’s space-themed branding should therefore not be read as a promise of company ownership.Price Volatility, Liquidity, and SustainabilityMarsCoin’s price can respond to community interest and broader market movements. Sharp gains can attract new buyers, while moves in the opposite direction can increase selling pressure. Trading charges add another cost on top of these price changes. At the time of writing, MARSCOIN is trading at around $0.11. For the reward model, the key variable is the funding flowing into the vault. With other conditions unchanged, lower trading volume subject to the tax can reduce the new funds collected for distribution. This follows from the fee-funded structure; past payouts cannot be assumed to continue at the same level.Liquidity determines how easily the token can be bought and sold. Even if the last traded price looks attractive, a large sale may execute at lower prices when there are too few buyers. In decentralized pools, order size can also create a gap between the quoted price and the amount received.The cost of a trade may therefore extend beyond the 3% charge. Depending on the platform, network fees, bid-ask spreads, exchange commissions, or withdrawal fees may also apply. Trades recorded internally by a centralized exchange should not automatically be assumed to incur the same on-chain tax on every order.Developments affecting SPCXB also matter to MARSCOIN holders. A decline in the reward token’s price or liquidity can reduce the monetary value of the rewards received. Users therefore face risks associated with the reward asset as well as MARSCOIN’s own price.Finally, the system depends on the token and vault contracts functioning correctly. Limited information about the team, combined with insufficient detail about contract management and security, increases uncertainty. Assessing MarsCoin’s reward model involves considering the source of returns, the costs, and these technical conditions together.Frequently Asked Questions (FAQ)Here are answers to some common questions about MarsCoin.What is MarsCoin, and when did it launch?: MarsCoin is a meme token on BNB Chain that offers SPCXB rewards to holders with qualifying balances. Its centralized exchange history includes a MEXC listing dated July 30, 2026; information about the exact date the token was first created is limited.Who developed MarsCoin?: There is no detailed, publicly available introduction to the project’s founding team.Which network does MARSCOIN use?: MARSCOIN runs on BNB Smart Chain. It is a separate project from MARS, which launched in 2014 and has its own blockchain.How do MARSCOIN holders receive rewards?: SPCXB is distributed from a vault funded by trading charges. The stated threshold for automatic rewards is 10,000 MARSCOIN; reward arrangements on centralized exchanges depend on each platform’s terms.Does buying MarsCoin mean buying SpaceX shares?: No. MARSCOIN provides no direct ownership or voting rights in SpaceX. Receiving SPCXB rewards does not make a MARSCOIN holder a shareholder in the company.Is MarsCoin a suitable investment?: MarsCoin carries risks associated with price volatility, trading charges, and the reward asset. Since it does not offer fixed returns, its suitability depends on an individual’s investment goals and ability to bear those risks.Follow the JR Kripto Guide series to understand MarsCoin’s SPCXB rewards, token economics, and developments across the BNB Chain ecosystem.
What Is Capricorn (APR)?
Being able to use the crypto you have set aside for staking in another DeFi application at the same time changes how you put your capital to work. Capricorn combines a liquid staking service that offers this flexibility on Monad with liquidity pools and infrastructure for coordinating order flow. To understand the project, formerly known as aPriori, it helps to distinguish three components: APR, its ecosystem token; aprMON, which represents staked MON; and Capricorn Exchange, which provides trading liquidity.What Capricorn Is and How It StartedCapricorn is a DeFi project developing liquid staking and decentralized trading infrastructure. Previously operating as aPriori, the team announced on July 29, 2026, that it was bringing its products under the Capricorn brand following its acquisition of CapricornDEX. The APR ticker remained unchanged.This history explains the different names readers may encounter when researching the project. Older funding announcements use aPriori, while current technical documentation appears under Capricorn Tech; references to aPriori in earlier documents therefore point to a previous stage of the same project.On the product side, the rebrand brings staking and exchange services together within a shared structure. The capital base formed by users’ staked assets connects with liquidity that can be used in DeFi transactions.The Project’s Purpose and Its Relationship with MonadCapricorn starts from a practical problem: even on a fast blockchain, users can face expensive or inefficient trades. A transaction may settle within seconds while the gap between buying and selling prices remains wide; limited pool liquidity can also increase costs as trade sizes grow.The team approaches this problem by considering validators, liquidity providers, and traders together. Its official introduction identifies Capricorn Exchange and aprMON as the two main products within this structure.Monad is the project’s primary development focus. The team sees high throughput and low latency as conditions that can support more sophisticated on-chain market-making systems, so it aims to grow its products within the Monad ecosystem first.The relationship matters: Monad is the underlying blockchain, while Capricorn develops services on top of it.Founding Team and InvestorsThe project’s 2025 funding announcement identifies Ray Song as its founder. Investor Pantera Capital’s team overview lists Ray as CEO and Olivia as CTO.According to Pantera, Ray worked on special projects at Jump Crypto and gained high-frequency trading experience at Flow Traders. Olivia previously served as a senior software engineer at Coinbase, working on distributed systems and infrastructure requiring high availability.That experience is reflected in Capricorn’s product choices. The team focuses on questions such as which pool should receive an order, how quickly prices should update, and which trades could expose liquidity providers to losses.Investors include Pantera Capital, Arrington Capital, and HashKey Capital. Capricorn’s History and Key MilestonesIn 2024, aPriori publicly shared its work on MEV and liquid staking infrastructure for Monad. The team’s research published on July 1, 2024, examined transaction-ordering models across different blockchains and how they could be adapted to Monad.On July 25, 2024, the project announced an $8 million seed round led by Pantera Capital. Including an earlier round led by Arrington Capital, total funding reached $10 million.At the time, the team said it would use the new capital to expand its workforce, support security work, and grow its community. Its development agenda included staking and transaction-ordering systems tailored to Monad’s architecture.A $20 million strategic round announced on August 28, 2025, brought total funding to $30 million. Participants included HashKey Capital, Pantera Capital, Primitive Ventures, and IMC Trading.The APR Token LaunchThe team introduced APR in an official post dated October 22, 2025. The initial distribution targeted groups including community members, early aprMON users, and participants who contributed to the project’s data initiatives.According to Binance’s announcement, APR began trading on Binance Alpha on October 23, 2025. The APRUSDT perpetual futures contract launched on the same day.These two products work differently. Buying and selling tokens through Alpha and opening a position on price movements in the futures market involve different assets and risks.A Binance announcement published under the Capricorn name on August 14, 2026, described a two-round Alpha trading competition. That date should therefore not be treated as APR’s initial launch date or its first day of trading on Binance Alpha.Capricorn Exchange and Ecosystem DevelopmentOne significant step in the project’s trading infrastructure was Swapr, introduced on July 26, 2025. The team described this DEX aggregator as a system that evaluates transaction characteristics and routes trades to suitable liquidity sources.Swapr’s design considers trade size, the wallet or interface used, historical trading behavior, and market conditions. The aim is to distinguish the risks facing liquidity providers more effectively and offer tighter spreads for suitable trades.A follow-up article published on August 6, 2025, explained the role of community data in this process. The team said it planned to use relationships between wallets and transaction patterns to train its models, giving community participation a role in technical development.The move to the Capricorn brand followed these developments. Current product documentation emphasizes liquid staking and exchange pools, while the earlier Swapr articles help explain the team’s focus on order flow.How Does Capricorn Work, and What Is It Used For?Liquid staking represents a user’s economic claim on staked assets through a token that can be used in other transactions. This allows users to maintain a staking position while participating in supported DeFi applications.On Capricorn, users deposit MON and receive aprMON in return. The protocol distributes deposited MON across selected validators; aprMON represents the user’s share of the staking vault and their claim on accumulated rewards.aprMON does not distribute rewards by increasing the number of tokens in a user’s wallet. As rewards accumulate, the amount of MON represented by each aprMON increases, while the user’s aprMON balance can remain unchanged.For a simplified example, assume a user holds 100 aprMON. If those tokens initially represent 100 MON and later represent 103 MON after rewards accumulate, the user still sees 100 aprMON in their wallet; the 3% increase in this example only illustrates the mechanism and does not indicate an actual yield.This change in MON value does not guarantee a profit in dollar terms. If MON’s market price falls, the position’s dollar value can decline even while staking rewards accumulate; aprMON’s exchange price may also differ from its theoretical value in the vault.Exiting the position involves a separate step. According to the developer documentation, users first submit a withdrawal request and receive MON once it becomes claimable; although the documentation generally anticipates a 12–18-hour wait, users should check the application’s current conditions before transacting.Trading Through Capricorn ExchangeCapricorn Exchange provides liquidity through two different pool models. Proactive AMM, or PAMM, pools update their pricing using oracle price feeds; Capricorn CL pools allow liquidity to be concentrated within specific price ranges.An oracle is a data source that brings external price information into an on-chain application. The PAMM model uses this information to bring buy and sell quotes closer to prevailing market conditions.In a CL pool, liquidity providers choose the price range within which their capital will be active. When the market moves outside that range, the position stops earning a share of trading fees and can become entirely composed of one token in the pair.For example, choosing a narrow range can concentrate the use of capital while the price stays within it. If the price moves away from that range, the user may need to monitor and adjust the position; providing liquidity therefore requires different oversight from simply holding tokens in a wallet.According to the official documentation, CL positions are represented by NFTs, and trading fees do not automatically compound into the position. Users can claim accumulated fees separately.There is also an important detail about access: the reviewed trading documentation states that Capricorn Exchange does not provide its own swap interface and that its pools can be accessed through DEX aggregators on Monad. A user can therefore submit a trade through another application while using Capricorn liquidity behind the scenes.MEV Revenue, Use Cases, and RisksMEV describes the additional economic value that can arise from including and ordering transactions within blocks. Arbitrage trades that exploit price differences and attempts to move ahead of particular transactions are different examples within this area.Capricorn aims to connect MEV revenue with its staking system and make transaction flow more orderly. Success depends on the infrastructure, validators, and actual market activity; a fixed additional return cannot be assumed for every period.Classifying order flow is another part of this approach. According to the project, its models try to distinguish trade types using historical transactions and price movements; these assessments are probabilistic and do not guarantee a perfect result for every trade.The technical documentation also discloses a detail relevant to security assessments. The PAMM pool contract is open-source and immutable, while its pricing engine is closed-source; an administrator can change the engine’s address subject to specific version-control conditions.This distinction shows why a review should extend beyond the pool contract alone. The reliability of price data, administrator permissions, and other DeFi applications used alongside the protocol also affect a user’s exposure to risk.Using aprMON as collateral in a lending application is one example. Even if the application supports it, collateral requirements and liquidation conditions still apply; earning staking rewards does not prevent a borrowing position from being liquidated.The APR Token and Its TokenomicsAPR is Capricorn’s ecosystem token. Its official introduction connects the token with community participation, incentives, and coordination within the network.Buying APR and staking MON to receive aprMON create different economic positions. APR investors are exposed to the token’s market price, while aprMON users hold an asset representing their share of MON in the staking vault. aprMON staking screen Growth in Capricorn’s trading volume therefore does not automatically generate direct income for APR holders. Such a connection requires clearly defined revenue-sharing mechanisms, eligibility conditions, and supporting contracts.The reviewed token introduction does not confirm that all APR holders receive regular exchange fees or MEV revenue. An incentive budget should not be interpreted as an unconditional payment to everyone holding the token in a wallet.Token Supply, Allocation, and UnlocksThe official documentation states a total supply of 1 billion APR. The following table shows the initial allocation described in that document; it does not show the current circulating supply or present-day wallet ownership.Allocation categoryShareAPR amountEarly backers16%160 millionCore contributors16%160 millionFoundation16%160 millionGenesis airdrop12%120 millionCommunity incentives22%220 millionEcosystem growth17%170 millionLiquidity and market stability1%10 millionThe initial plan set a three-year schedule with a one-year cliff for the investor allocation. For core contributors, it specified a four-year schedule with a one-year cliff.An allocation table alone does not reveal how many tokens will be sold in the future. An unlock makes tokens available for use; it does not establish that recipients will sell all of them or none of them.For the same reason, calculating current unlock amounts from the initial schedule can be misleading without checking subsequent changes. An assessment of current supply requires reviewing new official announcements alongside on-chain movements.APR Price History and Factors Affecting Its PriceOne verifiable starting point in APR’s trading history is its Binance Alpha launch on October 23, 2025. A listing announcement alone, however, does not establish the token’s first trading price or its all-time high.Price-history analysis should also include data recorded under the former aPriori name. Treating the rebrand as a new token launch could exclude earlier chart data and lead to inaccurate return calculations.Potential supply entering circulation, buyer demand, and market depth all matter when assessing APR’s price. A price available for a small order does not establish that an order of a different size will execute at the same level.For example, if a small token purchase pushes the price up significantly, the displayed market capitalization can rise without an equivalent amount of money entering the market. Market capitalization is calculated by multiplying circulating supply by the latest price; it does not represent the amount of cash holders could collectively withdraw.To assess product usage, readers can track staked MON, pool depth, trading volume, and user behavior after incentives end. These measures help explain demand for the products, while the sources of demand for APR require separate analysis.Leverage in futures markets can also amplify short-term movements. When product announcements, changes in token supply, and speculative trading coincide, attributing a price move to a single cause does not provide a sound assessment.As of October 2026, APR coin price is around $0.13. Frequently Asked Questions (FAQ)Below are answers to some frequently asked questions about Capricorn:What is Capricorn, and how is it connected to aPriori?: Capricorn is the continuation of aPriori, focusing on liquid staking and decentralized exchange infrastructure. The team announced its new brand on July 29, 2026, following the acquisition of CapricornDEX.Who developed Capricorn?: The project’s official funding announcement identifies Ray Song as its founder. Pantera Capital’s team overview lists Ray as CEO and Olivia as CTO.What is the difference between APR and aprMON?: APR is the ecosystem token, while aprMON is a liquid staking token representing a share of staked MON. Acquiring one does not provide the same rights or return structure as acquiring the other.Which blockchain does Capricorn operate on?: Its staking and exchange products focus on Monad. APR’s initial introduction stated that the token launched on Ethereum and could be claimed on Ethereum and BNB Chain.How can users stake through Capricorn?: Users connect a compatible wallet through the staking application linked on the official website, deposit MON, and receive aprMON at the current conversion rate. They should check the network, the amount they will receive, and withdrawal conditions before transacting.What are the risks of investing in APR?: Key risks include price volatility, future supply increases, limited market depth, and product adoption falling short of expectations. Users interacting directly with the protocol also face risks associated with smart contracts, oracles, and connected DeFi applications.Follow JR Kripto’s guides and news to keep up with Capricorn’s aprMON staking model, APR token developments, and liquidity solutions on Monad.
Standard Chartered’s 2030 Price Targets for 4 Altcoins
Geoffrey Kendrick, Standard Chartered’s head of digital assets research, discussed four projects that could benefit from traditional finance moving onto blockchain networks. Speaking on Milk Road’s October 1 episode, Kendrick identified Uniswap, Aave, Morpho and Arbitrum as projects well positioned for this shift.The 2030 price targets discussed in the interview were $100 for UNI, $3,500 for AAVE, $60 for MORPHO and $10 for ARB. Kendrick outlined the reasoning behind his previously published forecasts and the conditions needed to reach those targets.Tokenization could bring new demand to DeFi protocolsKendrick’s outlook centers on tokenization, which allows financial assets to be represented on a blockchain. According to the analyst, institutional adoption could increase the value of assets held onchain while expanding the use of decentralized finance applications.This approach places greater importance on fee revenue and cash flows when assessing projects. Kendrick focuses on protocols that can capture a share of financial institutions’ onchain activity, defend their competitive advantages and pass the economic value they generate through to their tokens.Standard Chartered previously projected that the stablecoin market would reach $2 trillion by the end of 2028. The bank also forecasts $2 trillion in tokenized real-world assets, excluding stablecoins, by the same date; together, the two categories would represent a $4 trillion market.Uniswap’s $100 target may be too lowKendrick believes his previously established 2030 target for Uniswap could prove too conservative. The platform’s deep liquidity and token-burning mechanism are central to that view.According to the analyst, a platform with strong liquidity has an advantage in attracting new users and trading activity. As trading volumes for tokenized assets grow, Uniswap’s ability to serve that demand becomes increasingly important for UNI.Kendrick also notes that buybacks and burns linked to trading fees can translate platform growth into value for the token. However, he did not replace the $100 target with a new forecast during the interview; he pointed to potential upside beyond his existing projection.Aave and Morpho address different financial needsThe 2030 target for AAVE stands at $3,500. Kendrick compares Aave to an onchain banking business, while describing Morpho as a platform serving asset managers.This distinction shows that he does not view the two projects’ growth as mutually exclusive. In his assessment, lending services and asset management infrastructure can meet different needs within the same ecosystem.Standard Chartered initiated coverage of Morpho on July 1 with a $60 price target for the end of 2030. Alongside Morpho’s lending market, the bank sees its vault infrastructure as an important part of the growth outlook.These vaults allow asset managers to offer different strategies onchain. The bank’s long-term expectations depend particularly on capital flowing into this infrastructure from traditional financial institutions.Arbitrum’s revenue growth must translate into token valueThe $10 target for ARB by the end of 2030 rests on the opportunity to provide blockchain infrastructure to financial institutions. In its September analysis, Standard Chartered highlighted Robinhood Chain as a key example supporting this growth outlook.During the Milk Road interview, Kendrick explained that Arbitrum could benefit from the expansion of tokenized equities. However, how the network’s economic success would translate into value for ARB holders remained an unresolved issue.Kendrick noted that revenue currently does not flow directly into token buybacks and burns. He said he would welcome the introduction of such a mechanism in the future; the $10 target therefore reflects expectations for both revenue growth and the transfer of value to the token.
Crypto This Week: 30 Events in Focus as Fed Minutes Take Center Stage
Crypto this week began with Bitcoin trading at around $85,500 and Ether near $2,700. The Federal Reserve’s September meeting minutes, the Reserve Bank of India’s interest-rate decision and oil prices above $100 form the core of the macroeconomic agenda.The crypto calendar features approximately $337.5 million in scheduled HYPE unlocks and $40.9 million in ENA unlocks. Binance, Bybit and Robinhood will discontinue several products, while three validator-dependent XRP Ledger upgrades could take effect.Fed minutes will shape expectations for OctoberThe Fed raised its target rate by 25 basis points to 3.75%–4% on September 16. All members supported the decision, which marked the US central bank’s first rate increase since 2023.Minutes from the meeting will be published on Wednesday, October 7, at 9:00 p.m. Türkiye time. Investors will examine how policymakers assessed energy-driven inflation risks and whether they disagreed over the timing of the next increase.US nonfarm payrolls rose by only 29,000 in September. The result fell well below the Reuters poll forecast of around 90,000 and reduced the market-implied probability of an October rate increase to approximately 18%–20%.The US services outlook will come into focus with the ISM services PMI on Monday, October 5, at 5:00 p.m. Türkiye time. The index is expected to ease to 55 from 55.4 in August, with a reading above 50 indicating continued expansion.The University of Michigan’s preliminary October consumer sentiment index will follow on Friday, October 9, at 5:00 p.m. Türkiye time. The consensus forecast points to a decline from approximately 48.2 in September to 47.7.India is expected to raise interest ratesThe Reserve Bank of India’s Monetary Policy Committee will meet from October 5 to 7. Its interest-rate decision will be announced on Wednesday, October 7, at 7:30 a.m. Türkiye time.Thirty-five of the 61 economists surveyed by Reuters expect the RBI to raise its repo rate by 25 basis points to 5.50%. Such a decision would mark the central bank’s first increase in nearly four years.High oil prices, broader inflationary pressure and weakness in the rupee support expectations for tighter policy. The decision could influence emerging-market currencies and global risk appetite.The European Central Bank will publish the account of its September 9–10 meeting on Thursday, October 8, at 2:30 p.m. Türkiye time. Investors will look for discussions about energy prices, growth risks and the direction of upcoming rate decisions.Canada’s September employment report will arrive on Friday, October 9, at 3:30 p.m. Türkiye time. Statistics Canada says the report will reflect labour-market conditions during the week of September 13–19.Oil remains above $100Brent crude started the week at around $101.60 per barrel, while US West Texas Intermediate traded near $90.10. The G7’s decision to release 100 million barrels of oil and fuel from emergency reserves has limited prices, although attacks around the Strait of Hormuz continue to support a geopolitical risk premium.Middle Eastern crude exports exceeded pre-war levels on several days, even as authorities recorded at least seven new attacks on vessels in the region. Persistently high energy costs could encourage central banks to maintain tighter monetary policy for longer.Oil-driven inflation can affect Bitcoin through interest rates and government bond yields. Markets will monitor the speed of the G7 reserve release and the security of Gulf shipping routes.Russia’s crypto registration rules take effectThe Bank of Russia’s new registration regulations for the cryptocurrency market take effect on October 5. Crypto exchanges, digital depositories and operators of systems used to issue digital financial rights will need to join the relevant official registers.The rules establish qualification requirements for executives, the necessary application documents and the central bank’s registration process. Existing market participants will also have access to a simplified application route.In the US, the investment adviser and fund custody proposal announced last week does not have a new effective date within the coming seven days. The comment period for the SEC’s broader Regulation Crypto Assets proposal will remain open until October 20.Binance, Bybit and Robinhood will discontinue tradingBinance will automatically settle and delist the PROMPTUSDT, PUMPBTCUSDT and 1000000BOBUSDT perpetual contracts on Monday, October 5, at noon Türkiye time. The exchange will prevent users from opening new positions in these contracts from 11:30 a.m.Bybit will close deposits for SCOR and AGI on October 7 at 11:00 a.m. Türkiye time. Trading in the SCOR/USDT and AGI/USDT spot pairs, along with Convert support, will end on October 8 at 11:00 a.m.Robinhood Europe will disable sales of BERA, EOS, PAXG and TIA on Friday, October 9, at 10:00 p.m. Türkiye time. The platform will automatically sell remaining BERA and TIA balances at market prices because withdrawals are unavailable for these assets.EOS and PAXG withdrawals will remain available until October 14, placing the next stage of their delisting process outside this weekly calendar. No major new spot listing or high-profile token launch had been confirmed at the time of preparation.Three XRP Ledger upgrades could activateThe XRP Ledger’s PermissionDelegationV1_1 amendment could activate on Friday, October 9, at approximately 12:25 a.m. Türkiye time, provided validator support remains above the required threshold. The feature will let accounts delegate limited permissions without sharing the private keys controlling their funds.The projected activation time for fixBatchV1_2 is 5:12 p.m. on the same day. Servers that fail to upgrade to the security-focused xrpld 3.4.1 release could become amendment-blocked and lose synchronisation with the network.BatchV1_1 is expected to activate at around 5:46 p.m. Türkiye time. The feature will allow users to bundle and submit up to eight transactions together, enabling use cases such as atomic swaps.All three dates depend on validator support remaining above 80% for the full required period. If support falls to or below the threshold, the 14-day countdown will restart and the activation dates will change.HYPE and ENA supply will expandCurrent Tokenomist data show that HYPE and ENA account for most of the week’s major one-time token unlocks. All dollar values are approximate because they were calculated using spot prices available during preparation.Ethena will release approximately 172.7 million ENA to core contributors on October 5. At an ENA price of around $0.237, the unlock is worth approximately $40.9 million and represents about 1.88% of the reported supply measure.Hyperliquid’s scheduled HYPE unlock for core contributors on October 6 is worth approximately $337.5 million. A spot price near $90 puts the scheduled amount at around 3.75 million HYPE.Tokenomist displays a mismatch between the scheduled unlock and the broader committed vesting figure for the same event. This calendar uses the narrower $337.5 million scheduled value, while the amount that becomes claimable or moves on-chain could differ.Aerodrome will release approximately $3.53 million in AERO on October 8. Aptos’s roughly $9.13 million APT unlock on October 11 will be joined by approximately $4.29 million in PEAQ and $2.7 million in IO.The PEAQ unlock stands out with a reported ratio of 3.73%. The io.net schedule shows that approximately 15.88 million IO will become available on October 11.Applied Digital will report earningsApplied Digital, which has shifted from blockchain workloads toward artificial intelligence and high-performance data-centre infrastructure, will report its fiscal first-quarter results on October 7. The conference call will begin at midnight on Thursday, October 8, in Türkiye because of the time difference.The report covers the fiscal quarter that ended on August 31. Investors will monitor data-centre rental income, energy expenses, newly operational capacity and the company’s capital requirements.TOKEN2049 begins in SingaporeTOKEN2049 Singapore will take place at Marina Bay Sands on October 7–8. The programme will focus on crypto infrastructure, stablecoins, institutional capital, tokenisation and regulatory developments across Asia.The broader TOKEN2049 Week programme runs from October 5 to 11. CoinFerenceX will take place on October 5–6, Solana Summit Singapore on October 6 and RWA Summit Singapore on October 9.ETH Lagos will hold its conference and parallel hackathon from October 8 to 10. The event will bring together Ethereum developers and Web3 projects from across Africa.No separate binding, high-impact DAO vote with a confirmed deadline during the week was identified. Gitcoin’s proposal to lower the participation threshold for Snapshot votes from 2.5 million GTC to 1.5 million GTC remains at the forum discussion stage.This week’s 30-event crypto calendarAll times are Türkiye time, UTC+3.October 5: Russia’s registration rules for crypto-market entities take effect.October 5: Approximately $40.9 million in ENA unlocks.October 5, noon: Binance delists three perpetual contracts.October 5, 5:00 p.m.: US ISM services PMI.October 5–6: CoinFerenceX Singapore.October 6: Approximately $337.5 million in scheduled HYPE unlocks.October 6: Solana Summit Singapore.October 6, noon: Euro-area retail sales for August.October 6, 3:30 p.m.: US trade balance for August.October 7, 1:00 a.m.: Dallas Fed President Lorie Logan speaks.October 7, 7:30 a.m.: Reserve Bank of India interest-rate decision.October 7, 11:00 a.m.: Bybit closes SCOR and AGI deposits.October 7–8: TOKEN2049 Singapore.October 7, 9:00 p.m.: Minutes from the Fed’s September FOMC meeting.October 8, midnight: Applied Digital earnings conference call.October 8: Approximately $3.53 million in AERO unlocks.October 8, 11:00 a.m.: Bybit ends SCOR and AGI spot trading.October 8, 2:30 p.m.: ECB minutes from its September meeting.October 8, 3:30 p.m.: US initial jobless claims.October 8–10: ETH Lagos conference and hackathon.October 9, approximately 12:25 a.m.: XRP Ledger PermissionDelegationV1_1 activation.October 9, 3:30 p.m.: Canada’s September employment report.October 9, 5:00 p.m.: Preliminary University of Michigan consumer sentiment.October 9, approximately 5:12 p.m.: XRP Ledger fixBatchV1_2 activation.October 9, approximately 5:46 p.m.: XRP Ledger BatchV1_1 activation.October 9, 10:00 p.m.: Robinhood disables sales of BERA, EOS, PAXG and TIA.October 9: RWA Summit Singapore.October 11: Approximately $9.13 million in APT unlocks.October 11: Approximately $4.29 million in PEAQ unlocks.October 11: Approximately $2.7 million in IO unlocks.The scheduled HYPE release represents the week’s largest crypto-specific supply risk by dollar value. Fed minutes, the RBI’s decision, services-sector data and oil prices above $100 could have a greater influence on the direction of the wider market.
Bullish Bitcoin Bets Build as Dominance Nears 60%
Risk appetite strengthened across the crypto market as Bitcoin reached $86,500. Bitcoin’s share of total cryptocurrency market capitalization approached 60%, while growing derivatives positions highlighted traders’ bullish expectations. However, the recovery in leverage also brought potential losses from a price reversal into focus.Bitcoin open interest rises by $2.3 billionAccording to CoinGlass data, Bitcoin open interest increased from approximately 626,000 BTC to 653,000 BTC starting September 30. That represents an additional 27,000 BTC, worth roughly $2.3 billion, in outstanding positions.The increase of approximately 4.3% brought total open interest to $56.2 billion. Over the same period, Bitcoin’s price climbed from around $83,500 to $86,500.Open interest measures the total number of outstanding futures contracts that have not yet been closed or settled. An increase alongside rising prices suggests new positions are accompanying the rally; it does not, on its own, mean all those positions are bullish.Funding rates reflect bullish expectationsRising funding rates in perpetual futures also indicate that buyers are taking on more risk. When funding is positive, traders holding long positions pay those holding short positions.Higher funding may suggest that traders are willing to bear greater costs to maintain their bullish positions. However, the recovery in open interest followed levels seen in late September that were close to a one-year low.The starting point therefore matters when assessing the recent increase. More expensive long positions can leave leveraged traders more vulnerable to a sudden price decline.Bitcoin’s market share approaches 60%Bitcoin’s dominance also stood out in the spot market. The largest cryptocurrency’s share of total market capitalization approached 60%, while the share held by dollar-pegged USDT slipped to approximately 6.3%. This pattern may suggest that investors are becoming more comfortable taking risks. However, a decline in USDT’s market share does not, by itself, show how much money has left stablecoins; rising valuations elsewhere in the crypto market can also push the ratio lower.Several altcoins joined Bitcoin’s advance. Ethereum, XRP, Solana and BNB rose, while SKY, AAVE and APT stood out among the 100 largest cryptocurrencies by market capitalization, gaining between 7% and 10%.The picture shows that rising altcoin prices and increasing Bitcoin dominance can occur simultaneously. Because dominance measures relative market capitalization, faster growth in Bitcoin’s value can increase its share even as other assets post gains.U.S. employment data falls short of expectationsThe market activity began before the release of the U.S. employment report on October 2. The subsequent figures showed that nonfarm payrolls increased by 29,000 in September, below expectations of 90,000.The unemployment rate rose from 4.1% to 4.2%. August’s payroll gain was also revised down from 162,000 to 133,000.The weaker employment picture was viewed as potentially giving the Federal Reserve room to hold interest rates steady despite elevated inflation. Alongside strengthening crypto demand, the direction of monetary policy therefore remained in focus for investors.
Bitcoin Returns to $87,000 as U.S. Jobs Growth Misses Expectations
Bitcoin climbed back to $87,000 after U.S. employment data fell short of expectations. Nonfarm payrolls increased by 29,000 in September, while the unemployment rate stood at 4.2%.The figures, released on Friday, October 2, at 8:30 a.m. ET, weakened expectations for another Fed rate hike in October. Bitcoin extended its earlier gains in the first few minutes after the release. U.S. job growth reaches roughly one-third of expectationsThe U.S. economy added 29,000 nonfarm jobs in September. The figure fell 60,000 short of the 89,000 forecast listed on the economic calendar followed for this report.Job growth therefore amounted to roughly one-third of expectations. The figures showed that hiring continued, although at a considerably slower pace than anticipated.The unemployment rate also exceeded the 4.1% forecast, reaching 4.2%. Together with slower hiring, this reinforced the labor market’s importance in monetary policy assessments.Previous figures also saw a downward revision. According to the Financial Times, August’s payroll gain was revised from the initially reported 162,000 to 133,000.The report therefore brought more than a disappointing September figure. The August revision also showed that the previous month’s hiring performance was weaker than initially reported.Bitcoin reaches $87,000 after the releaseBitcoin was trading above $86,000 before the jobs report. At that point, its gain over the previous 24 hours was approximately 2%.According to the first price update after the release, Bitcoin returned to $87,000 at 8:32 a.m. ET. The rally that began before the report continued immediately afterward.This distinction matters when assessing the price movement. Bitcoin’s entire daily gain did not occur after the jobs report; the cryptocurrency was already rising ahead of the release.The $87,000 level reflects the initial reaction to the data. Subsequent buying and selling will determine whether the price can hold that level.Expectations for an October Fed rate hike weakenU.S. short-term interest rate futures rose after the weaker-than-expected employment figures. Traders reduced positions anticipating an additional Fed rate hike in October.For the crypto market, the key connection was the employment outlook’s effect on interest rate expectations. Weaker hiring brings renewed attention to the potential economic consequences of further monetary tightening.A lower probability of rate hikes could ease pressure on risk assets. Bitcoin’s initial reaction suggests that investors may have interpreted the report along those lines.However, reduced expectations for a rate hike do not automatically translate into expectations for a rate cut. Markets could also place greater weight on a scenario in which the Fed holds rates steady.A single employment report does not determine the Fed’s decision. Inflation trends, wage developments and economic activity remain relevant to its policy assessment.Crypto markets watch for further gainsThe initial price movement showed Bitcoin’s continued sensitivity to macroeconomic data. Subsequent trading will reveal how strongly the shift in interest rate expectations translates into demand for crypto assets.
Upbit and Bithumb Announce Listing and Delisting Decisions for 4 Altcoins
South Korean cryptocurrency exchanges Upbit and Bithumb announced decisions affecting four altcoins on October 2. Upbit announced plans to list Dolphin (POD) across three trading markets, while Bithumb said it would discontinue trading support for D and HOOK.The trading caution designation on The Sandbox’s SAND token was also lifted that day. While POD gained new trading pairs, the reviews of SAND and the assessments of D and HOOK produced different outcomes.Upbit announces three trading pairs for PODUpbit announced that it would list Dolphin’s POD token in its South Korean won, Bitcoin and Tether markets. The announcement scheduled the launch of POD/KRW, POD/BTC and POD/USDT trading for October 2 at 4:00 p.m. Korean Standard Time, or 7:00 a.m. UTC.According to the listing details, the exchange supports POD deposits and withdrawals through the Base network. Deposit and withdrawal services were scheduled to open within two hours of the announcement. Users therefore need to check the supported network when transferring tokens.Dolphin is a DePIN project that aims to distribute AI inference tasks by bringing together unused GPU resources. The network groups nodes running the same AI model into pools and directs user requests to available resources.The project’s user-facing products include a web chat service and Telegram bots. POD serves staking and bonding functions within the network. Upbit’s listing also provides direct access to POD trading against the Korean won.Trading caution designation lifted for SANDThe October 2 development concerning SAND was the removal of its existing trading caution designation. In its official announcement, Bithumb said it had concluded that the reasons behind the designation had been resolved.The exchange said the decision would take effect on October 2. It also scheduled the resumption of SAND deposits and withdrawals for 4:00 p.m. Korean Standard Time that day, or 7:00 a.m. UTC.Bithumb had placed SAND under trading caution on August 24 following a security incident. Its announcement at the time cited security issues affecting the relevant wallet or distributed ledger infrastructure whose causes remained unexplained or unresolved.The latest decision therefore followed the review process that began in August. Bithumb had previously said it planned to announce its next assessment between September 28 and October 2.Upbit also lifted its trading caution designation for SAND. The exchange reviewed documents submitted by the project team on the security incident and its subsequent response, concluding that the reasons for the designation had been resolved. The decision covers the SAND/KRW and SAND/BTC markets.Bithumb to end D and HOOK trading on November 2Bithumb announced that it would delist D and Hooked Protocol (HOOK). The exchange said the explanations submitted by the project teams were insufficient to resolve the issues that had prompted the earlier trading caution designation.According to the announcement, Bithumb assessed the projects’ disclosures, token utility and business performance together. It concluded that neither asset met the criteria required to maintain trading support.The exchange had placed D and HOOK under trading caution on September 18. Its initial assessment highlighted shortcomings in token utility and the projects’ business performance. Bithumb also announced at the time that it would suspend deposits.Under the new schedule, trading will end on November 2, 2026, at 3:00 p.m. Korean Standard Time, or 6:00 a.m. UTC. Withdrawal support will end at the same time on December 2, 2026. HOOK and D were both trading lower at the time of writing. Bithumb will also disable API trading and cancel outstanding orders when trading support ends. The exchange asked users planning to transfer their assets to another platform or a personal wallet to complete address registration in advance, adding that the announced schedule could change.
NEAR Hit by $3.8 Million Exploit: Transactions Restricted Across 11 Blockchains
Cross-chain trading platform NEAR Intents halted services on Thursday, October 1, following a security exploit that caused approximately $3.8 million in losses. The team said it had patched the smart contract vulnerability and would reimburse all affected funds.According to the initial statement, the exploit stemmed from a bug in how the Omni deposit and withdrawal infrastructure interacted with the NEAR Intents smart contract. Following the incident, the platform temporarily restricted deposits and withdrawals across several blockchains.NEAR Intents pledges to cover all lossesThe NEAR Intents team said it suspended services as a precaution after detecting the security incident. A preliminary investigation estimated total losses at approximately $3.8 million.The team said it had patched the contract-side vulnerability and would fully reimburse affected users. However, its initial statement did not provide details about the repayment timeline or process.Statements about the incident’s scope point to NEAR Intents’ cross-chain infrastructure. The information disclosed does not indicate a security breach of the underlying NEAR Protocol blockchain.This distinction matters when assessing how different services within the same ecosystem were affected. Current findings focus on the interaction between the Omni infrastructure and the trading contract.Deposits and withdrawals affected across 11 blockchainsIn its initial announcement, the platform said it aimed to restore core services on NEAR Intents and Near.com within approximately one hour. However, it anticipated a longer disruption to deposits and withdrawals on certain networks.The statement indicated that these transactions could remain unavailable across 11 blockchains for roughly another 12 hours. That timeframe reflects the team’s initial estimate and does not confirm that services have resumed.The restrictions cover BNB Smart Chain, Polygon, TON, Optimism, Avalanche and Stellar. Monad, X Layer, ADI, Scroll and Plasma are also among the affected networks.Restoring the platform’s core trading services therefore does not mean deposits and withdrawals will resume simultaneously across every network. The team outlined a separate schedule for completing fixes to those channels.ZachXBT reports funds moved to KuCoin and BitcoinBlockchain investigator ZachXBT said he identified irregular outflows from a BNB Chain hot wallet linked to NEAR Intents. Hot wallets remain connected to the internet and support platforms’ transfer needs.According to the investigator, the stolen assets were subsequently sent to cryptocurrency exchange KuCoin and bridged to Bitcoin. These movements form part of the investigation into the funds’ path following the exploit.NEAR Intents said it had reported the incident to law enforcement. The team added that it was working with security companies and blockchain analytics platforms to trace the assets and would publish a detailed incident report in the coming days.NEAR falls as attention turns to service restorationThe NEAR token was trading lower on the day as reports of the security incident emerged. Market data showed the token down approximately 6.7%, trading near $4.94. The exploit occurred two days after Bitwise launched its NEAR exchange-traded fund. Following the arrival of the new investment product, attention shifted to a security issue affecting the ecosystem’s cross-chain infrastructure.NEAR Intents aims to simplify transactions between different blockchains. Users specify the transaction they want, while independent market makers known as “solvers” compete to execute it.According to figures published on its website, NEAR Intents has processed more than $30 billion in total volume across 35 blockchains. The team’s forthcoming incident report is expected to explain how the vulnerability was exploited and what changes have been made to prevent similar attacks.
Standard Chartered Sets $2 Price Target for ENA
Standard Chartered has set a $2 price target for Ethena’s governance token, ENA, by the end of 2028. The bank’s assessment highlights how revenue generated through USDe’s growth could fund ENA buybacks. Its outlook centers on the intended link between the protocol’s business activity and demand for the token.The assessment, prepared by Geoffrey Kendrick, the bank’s head of digital assets research, focuses on Ethena’s efforts to diversify its revenue sources. The bank believes growth in stablecoin adoption, derivatives markets, and asset tokenization could support the project.As of September 30, ENA is trading at around $0.25. USDe Supply Expected to Grow Roughly EightfoldStandard Chartered’s scenario projects USDe supply reaching approximately $40 billion by the end of 2028. Reports covering the research put the starting level at around $4.9 billion. This forecast would require supply to grow roughly eightfold in just over two years.USDe is Ethena’s synthetic dollar product, designed to maintain its value against the US dollar. The protocol aims to hedge against price movements by offsetting its backing assets with derivatives positions. Users who stake USDe can receive a share of the protocol’s yield through sUSDe.USDe and ENA serve different functions within this structure. While USDe’s supply reflects adoption of the product, the proposed ENA buyback mechanism aims to translate revenue into demand for the token. The bank’s bullish outlook depends on these two areas developing together.First USDe Supply Threshold for ENA Buybacks Set at $7.5 BillionEthena’s governance proposal dated August 27 outlines a tiered model linking buybacks to USDe supply. The first threshold is set at $7.5 billion. As supply grows, the share of protocol revenue allocated to the mechanism would also increase.Once the first threshold is reached, the proposal aims to direct 95% of net revenue paid to the Ethena Foundation toward ENA buybacks. The framework covers the USDe savings product, white-label stablecoin services, and the business line referred to as “Ethena [X]” at the time of the announcement.The 95% figure applies to net revenue flowing to the foundation. The size of the buyback budget therefore depends on USDe supply, the revenue generated by the protocol, and the foundation’s share. These conditions are central to assessing the price forecast.Tokenized Equities Could Broaden Revenue SourcesAnother part of Ethena’s growth plan involves generating returns from assets beyond crypto markets. The tokenized equity framework published on the protocol’s governance forum combines spot equity tokens with offsetting derivatives positions.Under this model, the protocol buys a tokenized stock while opening a short position in a perpetual futures contract tied to the same underlying asset. The aim is to offset changes in the stock’s price while collecting funding payments in the derivatives market. This would extend a strategy used in crypto assets into equities.However, this expansion also comes with its own requirements. The framework calls for an assessment of trading platforms, collateral structures, and the characteristics of the tokens representing the underlying assets. Adding new assets therefore introduces different operational risks alongside potential revenue opportunities.Reaching the Price Target Depends on Growth Generating RevenueStandard Chartered’s $2 target reflects a scenario in which USDe adoption expands and buybacks support demand for ENA. The bank expects Ethena’s position across three markets to help drive that process.The structure of the buyback proposal identifies the key indicators to watch: USDe supply, protocol revenue, and the amounts flowing to the foundation. The mechanism suggests that the impact of supply growth on ENA also depends on revenue generation. Reaching the specified thresholds alone would not mean that ENA will reach the target price.
Bitwise Launches the First U.S. Spot NEAR ETF
Bitwise Asset Management has launched the Bitwise NEAR ETF, which it describes as the first U.S. spot NEAR exchange-traded product. According to the company’s September 29 announcement, the product will trade on NYSE Arca under the ticker NRR.The fund offers investors exposure to NEAR’s price movements while also seeking to capture staking rewards. Bitwise has set the annual management fee at 0.75%.NEAR ETF Also Targets Staking RewardsBitwise plans to stake the fund’s NEAR tokens through its in-house institutional staking team. Citing network data from September 25, the company reported an annualized NEAR staking reward rate of approximately 5%.However, this figure does not represent a guaranteed return for ETF investors. Bitwise notes that rewards may change and that staking income earned by the fund will accrue to shareholders through its net asset value per share.According to the product’s official website, the fund aims to stake all NEAR holdings outside its liquidity reserve. With the reserve set at zero as of September 28, the initial target is to stake approximately 100% of its tokens.The manager reviews the liquidity reserve each month. As a result, the proportion of assets allocated to staking may change depending on the fund’s policies and operational needs.Bitwise Highlights the AI EconomyAt the launch, Bitwise emphasized NEAR’s transaction infrastructure for artificial intelligence applications. Matt Hougan, the company’s chief investment officer, said AI agents making reservations, payments and asset swaps on behalf of users would need fast and reliable settlement systems.The company pointed to NEAR Intents as a leading example of this approach. According to Bitwise’s announcement, the protocol’s cumulative transaction volume has exceeded $32 billion.NEAR Intents aims to simplify transactions across different blockchains for users. The protocol’s official overview describes a system that reduces the need to manage transaction fees and bridging processes separately across networks.This infrastructure serves decentralized finance applications, AI agents and individual users. Developers can also access liquidity across different networks through a single integration.How Does NEAR Intents Execute Transactions?Users specify the outcome they want from a swap. Service providers known as “solvers” then compete by offering quotes to fulfill the request.In NEAR’s example, a user wants to exchange BTC on the Bitcoin network for USDC on Arbitrum. The interface submits the request to the system; connected providers offer quotes, and the transaction proceeds based on the selected offer.This model aims to let users holding assets across different networks manage swaps through a single interface. For AI applications, the same infrastructure provides a mechanism for executing specified transactions on a user’s behalf.Fund Shares Differ From Direct NEAR OwnershipNRR investors will gain indirect exposure to NEAR through fund shares. The product’s official documents emphasize that buying ETF shares is not the same as purchasing NEAR tokens directly.The fund’s value will depend on the market value of the NEAR it holds. Management expenses will also affect the amount of NEAR represented by each share, while staking carries additional risks, including lost rewards and operational disruptions.Although the product uses “ETF” in its name, it is not an investment company registered under the U.S. Investment Company Act of 1940. It therefore does not offer the same protections as traditional investment funds registered under that law.At the time of writing, NEAR was trading at around $4.96.
Binance to Remove Two Spot Trading Pairs: Date Confirmed
Binance has announced that it will remove the AUCTION/USDC and VANA/USDC spot trading pairs from its platform. Trading in both pairs will cease on Friday, October 2, 2026, at 03:00 UTC.According to the September 29 announcement, the decision follows Binance’s regular spot market reviews. Spot Trading Bot services for the affected pairs will also end at the same time. The change does not mean that AUCTION and VANA tokens will be completely delisted from Binance Spot. Users will still be able to buy and sell these assets through other trading pairs available on the platform.AUCTION/USDC and VANA/USDC Trading Ends on October 2Binance’s schedule covers the spot markets for AUCTION and VANA against USDC. Trading in both pairs will end on October 2 at 03:00 UTC, equivalent to 06:00 in Turkey.From that time onward, users will no longer be able to trade through these two pairs. Those wishing to continue trading AUCTION or VANA will need to check the other pairs available on Binance.The exchange emphasized that removing these pairs will not affect the availability of the underlying tokens on its spot market. The decision therefore applies only to the two trading pairs named in the announcement.Other USDC trading pairs on Binance also fall outside the scope of this notice. The announcement sets out the closure schedule exclusively for the AUCTION/USDC and VANA/USDC markets.Binance Cites Regular Market ReviewsBinance said it regularly evaluates its spot trading pairs to protect users and maintain market quality. These reviews can result in the removal of certain pairs.The announcement listed poor liquidity and trading volume among the factors considered during these assessments. However, Binance did not provide individual liquidity or volume figures for AUCTION/USDC and VANA/USDC.The notice therefore does not specify which criteria the two pairs failed to meet or by how much. The exchange stated only that the decision followed its latest reviews.A review at the trading-pair level has different implications from closing every market for a token on the platform. In this case, AUCTION and VANA will remain available through their other existing spot trading pairs.The Same Schedule Applies to Spot Trading BotsBinance will also terminate Spot Trading Bot services linked to the affected pairs on October 2. These services will end at the same time as spot trading.The exchange urged users to update or cancel the relevant bots before the cutoff to avoid potential losses. This warning concerns users running automated strategies on AUCTION/USDC and VANA/USDC.The announcement also has operational implications for investors using trading bots. Once trading ends in the affected market, the bot service linked to that pair will no longer operate.The Decision Does Not Amount to a Full Token DelistingThe announcement does not include a platform-wide delisting of AUCTION or VANA. Binance also provided no schedule for suspending deposits or withdrawals of either asset in this notice.The main change for users is the closure of the two USDC trading pairs and their associated bot services. Trading through other available pairs will continue.Binance also noted that the announcement is a general exchange notice. Access to products and services may vary depending on the user’s region.
Crypto This Week: 29 Events in Focus as PCE and Jobs Data Take Center Stage
Bitcoin started the week of September 28-October 4 at around $82,900. Ether was trading near $2,650 at the time of writing, while rising oil prices and expectations of further rate increases limited risk appetite. The main events of the week will be the US PCE inflation report and Friday’s employment data. On the crypto calendar, votes that could determine Balancer’s future, the Base and Hedera upgrades, Router Protocol’s shutdown and five token unlocks worth approximately $307 million stand out.PCE and jobs data will test Fed expectationsThe US Bureau of Economic Analysis will publish the August personal income and outlays report on Wednesday, September 30, at 3:30 p.m. Türkiye time. The report will also include headline and core PCE inflation, closely watched by the Federal Reserve.Annual core PCE inflation stood at 3.3% in July. The monthly price change in the August report will indicate how far higher oil costs have spread into core goods and services.The third estimate of second-quarter economic growth will also arrive on September 30 at 3:30 p.m. Türkiye time. The BEA will release corporate profit and industry-level growth figures at the same time, meaning the initial market reaction may extend beyond the headline GDP number.The first major employment indicator will be the August JOLTS report on Tuesday, September 29, at 5:00 p.m. Türkiye time. Job openings and the quits rate will provide new signals about labor demand.The ADP private-sector employment report will be published on Wednesday, September 30, at 3:15 p.m. Türkiye time. ADP and the official payroll report use different methodologies, so the two figures may not necessarily move in the same direction.The strongest market reaction of the week could form around the US employment report on Friday, October 2, at 3:30 p.m. Türkiye time. The report will cover September nonfarm payrolls, unemployment and wage growth.A recent Reuters poll forecasts an increase of 100,000 jobs and a rise in the unemployment rate to 4.2%. These figures are market expectations; the official results will be published on Friday.Fed officials will speak after the rate increaseThe Fed raised its target rate by 25 basis points to 3.75%–4.00% on September 16. Futures markets currently assign an approximately 65% probability to another increase at the October meeting.Michael Barr will discuss the economic outlook on Tuesday, September 29, at 7:40 p.m. Türkiye time. Christopher Waller will speak about payment systems at the Sibos conference in Miami at 10:00 p.m. the same day.Philip Jefferson’s speech on Thursday, October 1, at 8:30 p.m. Türkiye time will focus directly on the US economy and monetary policy. The Fed’s official calendar also includes separate appearances by Michelle Bowman and Lisa Cook covering regulation, economic data and central banking.Investors will focus on how officials balance inflation and employment risks. A significant surprise in the PCE or payroll data could increase the market impact of these speeches.Another rate increase is expected in AustraliaThe Reserve Bank of Australia will announce its policy decision on Tuesday, September 29, at 7:30 a.m. Türkiye time. The governor’s press conference will begin at 8:30 a.m.Market pricing indicates an approximately 95% probability that the cash rate will increase by 25 basis points to 4.60%. Core inflation reaching 3.6% and high energy costs underpin expectations for another increase.China’s official September PMI results will arrive on Wednesday, September 30, at 4:30 a.m. Türkiye time. Investors will watch whether the manufacturing index, which stood at 49.8 in August, moves above the 50-point threshold separating expansion from contraction.The Bank of Japan will publish its Tankan corporate survey and a summary of opinions from its September meeting on Thursday, October 1, at 2:50 a.m. Türkiye time. After the BOJ raised its policy rate to 1.25% at its latest meeting, companies’ price and wage expectations will matter for yen-funded trades.The euro area’s flash September inflation report will be released on Friday, October 2, at noon Türkiye time. Final headline inflation stood at 3.2% in August, and another increase could affect expectations for the ECB’s policy path.Oil approaches $107 againBrent crude started the week at around $106–$107 per barrel, while West Texas Intermediate traded in the $93–$94 range. The absence of an agreement in talks between the United States and Iran, together with Middle East shipping risks, continues to support energy prices.Persistently high oil prices could strengthen inflation pressures through transportation, production and food costs. Bitcoin and altcoins could face tighter dollar liquidity if this outlook causes the Fed, RBA and ECB to maintain restrictive monetary policy for longer.Balancer’s future goes to a voteThe Balancer community will vote until September 29 on BIP-928, which proposes an orderly wind-down of the protocol. The plan would end new business development, place eligible pools into withdrawal-only mode on October 30 and distribute the remaining treasury assets to BAL holders.The proposal includes two “yes” options that differ over the share allocated to tetuBAL assets. A separate proposal, BIP-929, presents a restructuring option for the Balancer brand and infrastructure, making the votes more significant than a routine technical parameter change.Horizen’s Special Council election will end on Wednesday, September 30, at 8:00 p.m. Türkiye time. The elected members will take part in the ecosystem’s governance and oversight processes.Hedera and Base prepare network upgradesHedera will upgrade its mainnet to version 0.77.2 on Tuesday, September 29, between 8:00 p.m. and 8:40 p.m. Türkiye time. The project’s status page warns that brief disruptions may occur during the upgrade.Base node operators must move their clients to version 1.4.2 before the Cobalt upgrade on Wednesday, September 30, at 9:00 p.m. Türkiye time. The release includes support for Proofs v2 snapshots and fixes for issues identified in the previous version.Router Protocol will cease operations on the same day and burn 303,333,198 ROUTE. The amount represents approximately 30% of the token’s maximum supply, and the team said its commercialization, licensing and acquisition efforts had failed to produce a viable outcome.Some calendars previously listed the XRPL BatchV1_1 activation for September 29. Its support process was reset, pushing activation back to October 9 at the earliest.Solana has also not confirmed a mainnet date for Alpenglow. Neither development is therefore included among the week’s 29 events.Upbit and Bithumb will end SNX tradingUpbit and Bithumb will terminate trading support for Synthetix on Monday, September 28, at 9:00 a.m. Türkiye time. The exchanges said the information requested from the foundation had failed to resolve their investor-protection concerns.Bitget postponed the delisting of FHE, DRIFT, RVV and DOG, previously scheduled for September 30, following a security incident. The decision is not included in the upcoming calendar because the exchange has not announced a new date.No high-profile spot listing or major token launch has been confirmed on leading exchanges this week. Authorities have also not announced a major crypto law taking effect or a new congressional digital asset vote with a confirmed date.Five token unlocks will add approximately $307 million in supplyThe week’s largest proportional token unlock will take place in 2Z. A total of 1.625 billion tokens will be released on October 2, worth approximately $95.4 million at spot prices at the time of writing.The amount equals approximately 46.4% of the project’s reported market capitalization.Canton Network will make 833.33 million community-allocated CC available on October 1. The unlock is worth approximately $94.7 million.Ethena will unlock 275.02 million ENA on the same day. The tokens, worth approximately $73.7 million, are allocated to the team, private investors, the community and the foundation.Sui’s October 3 unlock will release 23.38 million SUI worth approximately $27.9 million. Falcon Finance will also unlock 112.52 million FF on September 29, valued at around $15.3 million.The five unlocks have a combined estimated value of approximately $307 million. Their dollar values will fluctuate with spot prices and should therefore be treated as approximate figures.Conferences begin in Miami, New York and SeoulThe Bitcoin Treasuries Conference will focus on corporate Bitcoin reserve strategies in New York on September 28. The program begins at 4:00 p.m. Türkiye time and will cover balance-sheet management, custody, financing and investor communications.Sibos will take place in Miami from September 28 to October 1. The event will cover payments, tokenization and artificial intelligence in finance, with Fed Governor Christopher Waller among the speakers.The main Korea Blockchain Week conference will be held in Seoul from September 30 to October 1. The program will focus on real-world asset tokenization, the integration of AI and blockchain, and layer-1 and layer-2 infrastructure.No major earnings release from a publicly traded crypto company has been confirmed for the week. The Bitcoin Treasuries Conference and Sibos will therefore carry more weight for tracking how financial companies approach digital assets.This week’s 29-event crypto calendarAll times are Türkiye time, UTC+3.September 28, 9:00 a.m.: Upbit and Bithumb end trading support for SNX.September 28, 3:15 p.m.: Fed Governor Michelle Bowman speaks about banking regulation.September 28, 4:00 p.m.: Bitcoin Treasuries Conference begins.September 28–October 1: Sibos takes place in Miami.September 29, 7:30 a.m.: Reserve Bank of Australia policy decision; press conference at 8:30 a.m.September 29: Approximately $15.3 million in FF unlocks.September 29, 5:00 p.m.: US JOLTS job openings for August.September 29, 7:40 p.m.: Fed Governor Michael Barr speaks about the economic outlook.September 29, 8:00–8:40 p.m.: Hedera v0.77.2 mainnet upgrade.September 29, 10:00 p.m.: Fed Governor Christopher Waller speaks about payment systems.September 29: Voting ends on Balancer proposals BIP-928 and BIP-929.September 30, 4:30 a.m.: China’s official September PMI data.September 30, 3:15 p.m.: US ADP private-sector employment report.September 30, 3:30 p.m.: US PCE inflation for August.September 30, 3:30 p.m.: Third estimate of US second-quarter GDP and corporate profits.September 30, 8:00 p.m.: Horizen Special Council election ends.September 30, 9:00 p.m.: Final upgrade deadline for Base Cobalt.September 30: Router Protocol ceases operations and burns ROUTE.September 30–October 1: Korea Blockchain Week’s main conference.October 1, 2:50 a.m.: BOJ Tankan survey and summary of opinions from the September meeting.October 1: Approximately $94.7 million in CC unlocks.October 1: Approximately $73.7 million in ENA unlocks.October 1, 3:30 p.m.: US initial jobless claims.October 1, 5:00 p.m.: US ISM manufacturing PMI for September.October 1, 8:30 p.m.: Fed Vice Chair Philip Jefferson speaks about monetary policy.October 2, noon: Euro-area flash inflation for September.October 2, 3:30 p.m.: US September employment, unemployment and wage data.October 2: Approximately $95.4 million in 2Z unlocks.October 3: Approximately $27.9 million in SUI unlocks.The US employment report and PCE inflation could determine the broader direction of the crypto market this week. Oil remaining above $100, the expected RBA rate increase and messages from Fed officials could also increase volatility around Bitcoin’s $83,000 price level.
Bitget Hit by $351.6 Million Hack, Withdrawals Suspended
Crypto exchange Bitget reported losses of approximately $351.6 million following an attack on its wallet infrastructure. The exchange temporarily suspended withdrawals pending a security review while keeping deposits and trading available.Bitget CEO Gracy Chen said the attack affected parts of its hot and warm wallet infrastructure. Chen said cold wallets remained secure and user balances were protected.How did Bitget detect the attack?According to the company, its security systems detected unauthorized transfers from some hot wallets at 18:31 UTC on Thursday, September 24. The security team then activated emergency response procedures.Independent researchers had flagged unusual on-chain activity before the exchange issued its statement. Initial findings pointed to roughly $183 million in asset movements, while the company’s announcement put the incident’s scale at $351.6 million.That created a significant gap between early reports and the loss disclosed by the company. The transactions researchers initially tracked represented only part of the total damage subsequently reported.Attackers manipulated transaction dataAccording to preliminary findings Chen shared on September 25, attackers compromised a critical backend system within the wallet infrastructure. They then manipulated transaction data, causing the exchange’s own authorization process to approve outgoing fund transfers.Chen said investigators had ruled out private key compromise. Her explanation indicates that the investigation is focusing on the mechanisms used to prepare and authorize wallet transactions.The exchange also said it had stopped unauthorized outflows. However, investigators are still examining how the attackers accessed the system; the company plans to publish a comprehensive technical report once its findings are confirmed.Will the protection fund cover the loss?Chen said Bitget’s User Protection Fund held more than $464 million in assets. The company maintains that the fund covers the entire $351.6 million loss.The exchange also said user account balances remained accurate and assets were protected. These assurances come from company management; withdrawals can resume only after the security review is complete.The latest statements provide no specific date or time for withdrawals to reopen. Chen said technical teams were working to repair systems and strengthen security, adding that the exchange would not commit to a timeline it could not guarantee.XRP accounts for the largest share of stolen assetsAccording to Lookonchain data, XRP accounts for the largest share of assets linked to the attack. The tracked assets include 102.93 million XRP worth approximately $157.5 million and 31,890 ETH valued at $85.8 million.USDT, USDC and USDT0 together account for approximately $75.5 million. The list also includes gold-backed XAUt, BNB, AVAX and TRX. The combined value of these assets was approximately $357 million at the time of measurement. Price fluctuations mean the on-chain calculation differs from Bitget’s reported loss of $351.6 million.SlowMist findings cited in the same report show that addresses linked to the attack span multiple networks. The security firm reported that the attackers were converting some assets on EVM-compatible networks into ETH.North Korea connection remains unconfirmedChen also said a North Korea-linked group could be behind the attack. According to comments reported by CryptoNews, that assessment rests on preliminary findings involving VPN connections and similarities to previous attacks.However, investigators have yet to confirm which group carried out the attack. Chen’s assessment reflects the early findings of an ongoing investigation.For users, the most immediate uncertainty is when withdrawals will reopen. Although deposits and trading remain available, transfers out of the platform must wait until security checks are complete.
Bitcoin Falls: $613 Million in Crypto Positions Liquidated
The cryptocurrency market recorded $613.5 million in leveraged position liquidations over the past 24 hours. Short positions, opened in anticipation of falling prices, accounted for $70.6 million. Most liquidations affected long positions held by traders expecting prices to rise.According to liquidation data compiled for this report, long liquidations reached $542.9 million. Long positions therefore accounted for 88.49% of total liquidations, while shorts represented approximately 11.51%. Long liquidations were roughly 7.7 times larger than short liquidations. With Bitcoin trading around $84,000, this distribution shows that leveraged bullish positions took the heavier hit. Meanwhile, short liquidations indicate that price swings against bearish positions also triggered forced closures during the broader decline.Short liquidations reach $70.6 million over 24 hoursAccording to the time windows shown at the top of the data dashboard, $26.7 million in short positions were liquidated over the past 12 hours. Total liquidations reached $186.6 million during that period, including $159.9 million in longs.Over the past four hours, short liquidations stood at approximately $8.9 million. Long liquidations reached $133.2 million, bringing the total to $142.2 million. Long positions consequently accounted for approximately 93.7% of liquidations during that window.In the past hour, total liquidations amounted to $5.3 million. Shorts accounted for approximately $805,000, while longs represented $4.5 million.These time windows overlap, so adding them together would not produce a separate daily total. Each window covers a different period looking backward from the time the data was captured.Binance and OKX stand out for short liquidationsIn the dashboard’s 12-hour exchange table, Binance recorded the highest short liquidation total among the platforms shown. Approximately $13.1 million in short positions were liquidated on the exchange, while total liquidations reached $86.7 million.Short liquidations stood at approximately $6 million on OKX and $1.8 million on Bybit. Hyperliquid recorded approximately $739,000.Although Hyperliquid’s total liquidations reached $46.5 million, long positions accounted for 98.41% of that amount. The long share stood at 84.90% on Binance, 87.93% on Bybit and 64.45% on OKX.This distribution shows that bullish positions accounted for most liquidations across all four platforms displayed. However, the table covers only forced closures within the relevant period; it does not show the distribution of all outstanding positions.Rising Treasury yields continue to pressure BitcoinBitcoin traded at approximately $83,900 during the Asian session. Most of the media agencies said rising U.S. Treasury yields increased pressure on crypto assets.Strong U.S. economic activity data, a rebound in oil prices and weak demand at a five-year Treasury auction contributed to the move. The U.S. 10-year Treasury yield closed at 5.11% on Wednesday.The $70.6 million short liquidation figure does not represent the value of bearish positions still open in the market. It reflects the value of short positions forcibly closed over the past 24 hours after failing to meet margin requirements.Similarly, the $613.5 million liquidation total should not be interpreted as an equivalent cash outflow from the market. The figure measures the value of liquidated leveraged positions; it does not directly show traders’ total posted collateral or spot market fund flows.
US Data Pressures Crypto: Bitcoin Falls Below $84,000
Bitcoin fell below $84,000 on Thursday, September 24, as altcoin losses deepened. Rising Treasury yields following strong US economic data weighed on risk appetite in the crypto market.At the time of writing, Bitcoin was trading at $83,973, down 2.97% over the past 24 hours. Ethereum fell 2.69% to $2,682, while Dogecoin and XRP posted steeper declines.CoinDesk highlighted strong US business activity data, a rebound in oil prices, and weak demand at a five-year Treasury auction as factors behind the sell-off. These developments, alongside rising borrowing costs, added pressure on crypto assets.Strong US Data Shifts Interest Rate ExpectationsS&P Global’s flash US Composite Purchasing Managers’ Index (PMI) rose to 58.4 in September from 56 in August. The indicator, which covers manufacturing and services, reached its highest level since July 2021.According to Reuters, the US 10-year Treasury yield climbed 8.7 basis points to 5.054%. That brought the benchmark yield to its highest level since 2007.Meanwhile, futures markets priced in a 73% probability of a Fed rate hike in October, up from 53%. This figure reflects market expectations; it does not represent a confirmed Fed decision.Stronger economic activity keeps the possibility of tighter monetary policy in focus. With inflationary pressures persisting, robust demand can reinforce expectations that interest rates will remain elevated.Rising Treasury yields can also affect the crypto market through this channel. As interest-bearing assets become more attractive, investors demand higher returns from volatile assets, potentially limiting demand for Bitcoin and altcoins.Dogecoin and XRP Lead LossesMarket data at the time of writing showed Dogecoin falling 7.22% over the past 24 hours to approximately $0.0941. XRP traded at $1.5033, down 6.62%.Zcash’s daily loss reached 6.41%, bringing its price to approximately $1,515.50. Hyperliquid’s HYPE token also declined 5.04% to $92.51. Solana fell 2.96% to $114.91, while BNB dropped 2.32% to $772.50. A substantial portion of the major crypto assets shown in the market snapshot therefore remained in negative territory over the past 24 hours.However, the intensity of the selling varied across assets. Dogecoin and XRP recorded daily percentage losses more than twice Bitcoin’s, while TRON posted a smaller decline of 0.21%.Bitcoin’s trading volume over the past 24 hours reached approximately $44.24 billion. Ethereum recorded $16.47 billion in volume, while XRP registered $6.47 billion.These figures represent total trading activity. Trading volume therefore cannot be interpreted as the amount of money leaving the market.Weekly Gains Remain IntactDespite the daily declines, weekly returns in the same market snapshot remained positive. Bitcoin gained 10.04% over the past seven days, while Ethereum rose 10.16%.Dogecoin’s weekly gain stood at 16.47%, compared with 16.05% for XRP. Solana retained a weekly advance of 15.52%, while HYPE was up 17.41%.This suggests that the latest selling erased part of the gains from previous days. Although daily losses became more pronounced, the assets covered had yet to surrender their entire weekly advances.The latest crypto market moves brought the influence of US interest rate expectations back into focus. With strong economic data, rising Treasury yields, and a rebound in oil prices creating pressure simultaneously, Bitcoin traded below $84,000 while altcoins recorded losses of varying sizes.
