Cryptocurrency funding rates have declined to their lowest levels since 2022, representing one of the largest leverage adjustments in recent history.

#TODAY #MARKET

Circle has issued an additional 250 million USDC.

$3.17 billion flowed into digital asset investment products last week, according to CoinShares data. Bitcoin attracted $2.67 billion, while Ethereum saw $338 million in inflows. Solana received $93.3 million. Read the full report here.

CoinShares reports a total of $3.17 billion entering digital asset investment products last week. Bitcoin led with $2.67 billion in inflows, followed by Ethereum with $338 million, and Solana with $93.3 million.

Akash Network to Discontinue Cosmos-Based Network, Initiates Search for Replacement

Akash Network is discontinuing support for its Cosmos-based blockchain as it explores options for a new network. More details can be found at theblock.com.

Open interest in Bitcoin has fallen sharply by $12 billion, declining from $47 billion to $35 billion, marking one of the most significant recent decreases in futures positions. The widespread capitulation has effectively reset leveraged market positions. Historically, such major events have often been followed by prolonged upward trends.

Open interest in Bitcoin has contracted by $12 billion, declining from $47 billion to $35 billion, marking one of the most notable recent decreases in futures contracts. The sharp capitulation has reset leveraged positions across the market. Historically, such significant events have been preceded by extended bullish trends.

A court in Singapore has approved the restructuring plan for WazirX. cointelegraph
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China Renaissance Bank in China plans to raise $600 million to invest in BNB.

SNX surged approximately 170% since yesterday evening. As of 6:30 PM Moscow time, it achieved top rankings across both spot and futures trading volumes on all centralized exchanges, also ranking highly in withdrawal activity. At 8 AM Moscow time today, Ansem posted multiple tweets expressing positive sentiments about SNX. Chart

The Bitcoin strategy purchased 220 BTC last week.

Bessent: Implementation of 100% tariffs remains uncertain amid ongoing trade tensions between the U.S. and China.

STBL is set to launch a buyback at the end of October and will also roll out USST staking.

CME introduces options trading for SOL and XRP.

BNB Chain, in collaboration with Four Meme and other ecosystem partners, has announced the launch of a $45 million BNB airdrop targeting memecoin traders on the BNB Chain. More details are available in the original post.

Kalshi has integrated the Pyth Network.

#PYTH rises 18% after news triggers surge in active token purchases.

The Dogecoin Foundation’s corporate arm, House of Doge, is planning to go public through a merger with Brag House Holdings.

Amundi, Europe's largest asset manager, plans to launch a Bitcoin ETF.

Today's Market Movers:

- #BAS (+300%): Open interest surged starting at 10:05 Moscow time, positioning BAS at the top of open interest growth by 10:36. It led all CEXs in purchase volume at 13:15. By 17:36, BAS also topped the list for declining open interest, followed by a sharp price decline that erased most earlier gains.

- #H (+80%): The token was among the leading purchases across all CEXs at 10:00, reaching the top spot by 11:20. At 11:36, it became the leader in open interest growth and maintained that position into the evening.

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