BTC traded at $84,231, down 0.07% over 24 hours, while ETH stood at $2,676.20, down 0.63%. Gold was at $4,268.90 and silver at $63.710; the S&P 500 and Nasdaq 100 rose 0.51% and 0.42%, respectively, while WTI and Brent rose 0.64% and 1.19%.
1. Bloomberg analyst: bitcoin underperformed over the past decade
Bloomberg analyst Mike McGlone wrote that the Market Vector Digital Asset 100 Index (MVDA, roughly two-thirds bitcoin) has been essentially flat since 2017 while the Nasdaq 100 has kept rising; MVDA's volatility averages about 3x higher and is positively correlated with equities, offering little diversification.
Assets to watch: BTC
2. Anthropic co-founder enters Forbes 400 with $15.5B
Per PEdaily, Anthropic co-founder and president Daniela Amodei has entered the Forbes 400 with a net worth of about $15.5 billion, becoming the youngest self-made female billionaire. The AI firm, valued at close to $1 trillion, plans a U.S. IPO in November; market estimates cited put its annualized revenue at $1 billion in early 2025, rising to $65 billion by end-July 2026.
Assets to watch: ANTHROPIC
3. Bitcoin hashrate hits 3-week low as miners shift to AI
Per Crypto.news, bitcoin's 7-day average hashrate fell to 915.8 EH/s on Sept 26, a three-week low, down about 34.86 million TH/s over the week, with miner reserves down 1,530 BTC; the drop stemmed mainly from miners shifting capacity to AI contracts, such as Hyperscale Data closing its Michigan site to pivot to AI.
Assets to watch: BTC
4. NYSE Arca approves Bitwise NEAR spot ETF
NYSE Arca has approved the Bitwise NEAR Protocol spot ETF for listing under the ticker NRR, the first NEAR spot ETF in the U.S., with a 0.75% management fee and custody and staking via Coinbase Custody; the listing date has not been announced, and NEAR briefly rose to around $5 on the news.
Assets to watch: NEAR
5. Quant up over 340% in seven days
Quant (QNT) rose 342.1% over seven days and 97.6% over 24 hours. Per an official announcement, U.S. clearing house The Clearing House will use Quant to provide interoperability, orchestration and transaction-management technology for its on-chain money program, coordinating the clearing and settlement of tokenized deposits.
6. 2Z, SUI and ENA face large unlocks next week
Per Token Unlocks data, DoubleZero (2Z) will unlock about 1.66 billion tokens on Oct 2 at 9 p.m. Beijing time, about 47.69% of circulating supply, worth about $114 million; Sui (SUI) unlocks about 13.26 million tokens on Oct 1 at 8 a.m., worth about $16.7 million; Ethena (ENA) unlocks about 40.63 million tokens on Oct 2 at 3 p.m., worth about $11 million.
Assets to watch: ENA, SUI
7. Vitalik sketches 2030 Ethereum architecture
Ethereum co-founder Vitalik Buterin said he envisions Ethereum by 2030 relying more on cryptographic proofs and off-chain computation, with the chain mainly storing and verifying proofs, strengthening privacy for payments, balances and wallet activity; the shift would accelerate after the planned Hegotá upgrade.
Assets to watch: ETH
8. Polygon to burn another 25M POL
Polygon co-founder Sandeep Nailwal said the Polygon community has permanently burned 100 million POL, about 1% of supply, via on-chain revenue, and about 25 million more POL are now ready to burn, with the amount still accumulating. He added that Polymarket has launched perpetuals on Polygon.
Assets to watch: POL
9. USDT adds 845,900 holders in seven days
Per Token Terminal data, USDT added 845,900 holders over the past seven days, versus 390,800 for USDC, 69,800 for EURC, 23,300 for USDG and 18,600 for CASH; USDT's new-holder count was more than double that of USDC.
10. California governor signs bill barring officials from issuing meme coins
Per Sina Finance, California Governor Gavin Newsom has signed a bill prohibiting California public officials from issuing meme coins.
Market snapshot
BTC: $84,231 (24h -0.07%) | ETH: $2,676.20 (24h -0.63%)
Gold: $4,268.90 (-1.21%) | Silver: $63.710 (-1.68%)
WTI: $93.00 (+0.64%) | Brent: $105.56 (+1.19%)
S&P 500: 7,743.41 (+0.51%) | Nasdaq 100: 30,608.13 (+0.42%)
1. Bloomberg analyst: bitcoin underperformed over the past decade
Bloomberg analyst Mike McGlone wrote that the Market Vector Digital Asset 100 Index (MVDA, roughly two-thirds bitcoin) has been essentially flat since 2017 while the Nasdaq 100 has kept rising; MVDA's volatility averages about 3x higher and is positively correlated with equities, offering little diversification.
Assets to watch: BTC
2. Anthropic co-founder enters Forbes 400 with $15.5B
Per PEdaily, Anthropic co-founder and president Daniela Amodei has entered the Forbes 400 with a net worth of about $15.5 billion, becoming the youngest self-made female billionaire. The AI firm, valued at close to $1 trillion, plans a U.S. IPO in November; market estimates cited put its annualized revenue at $1 billion in early 2025, rising to $65 billion by end-July 2026.
Assets to watch: ANTHROPIC
3. Bitcoin hashrate hits 3-week low as miners shift to AI
Per Crypto.news, bitcoin's 7-day average hashrate fell to 915.8 EH/s on Sept 26, a three-week low, down about 34.86 million TH/s over the week, with miner reserves down 1,530 BTC; the drop stemmed mainly from miners shifting capacity to AI contracts, such as Hyperscale Data closing its Michigan site to pivot to AI.
Assets to watch: BTC
4. NYSE Arca approves Bitwise NEAR spot ETF
NYSE Arca has approved the Bitwise NEAR Protocol spot ETF for listing under the ticker NRR, the first NEAR spot ETF in the U.S., with a 0.75% management fee and custody and staking via Coinbase Custody; the listing date has not been announced, and NEAR briefly rose to around $5 on the news.
Assets to watch: NEAR
5. Quant up over 340% in seven days
Quant (QNT) rose 342.1% over seven days and 97.6% over 24 hours. Per an official announcement, U.S. clearing house The Clearing House will use Quant to provide interoperability, orchestration and transaction-management technology for its on-chain money program, coordinating the clearing and settlement of tokenized deposits.
6. 2Z, SUI and ENA face large unlocks next week
Per Token Unlocks data, DoubleZero (2Z) will unlock about 1.66 billion tokens on Oct 2 at 9 p.m. Beijing time, about 47.69% of circulating supply, worth about $114 million; Sui (SUI) unlocks about 13.26 million tokens on Oct 1 at 8 a.m., worth about $16.7 million; Ethena (ENA) unlocks about 40.63 million tokens on Oct 2 at 3 p.m., worth about $11 million.
Assets to watch: ENA, SUI
7. Vitalik sketches 2030 Ethereum architecture
Ethereum co-founder Vitalik Buterin said he envisions Ethereum by 2030 relying more on cryptographic proofs and off-chain computation, with the chain mainly storing and verifying proofs, strengthening privacy for payments, balances and wallet activity; the shift would accelerate after the planned Hegotá upgrade.
Assets to watch: ETH
8. Polygon to burn another 25M POL
Polygon co-founder Sandeep Nailwal said the Polygon community has permanently burned 100 million POL, about 1% of supply, via on-chain revenue, and about 25 million more POL are now ready to burn, with the amount still accumulating. He added that Polymarket has launched perpetuals on Polygon.
Assets to watch: POL
9. USDT adds 845,900 holders in seven days
Per Token Terminal data, USDT added 845,900 holders over the past seven days, versus 390,800 for USDC, 69,800 for EURC, 23,300 for USDG and 18,600 for CASH; USDT's new-holder count was more than double that of USDC.
10. California governor signs bill barring officials from issuing meme coins
Per Sina Finance, California Governor Gavin Newsom has signed a bill prohibiting California public officials from issuing meme coins.
Market snapshot
BTC: $84,231 (24h -0.07%) | ETH: $2,676.20 (24h -0.63%)
Gold: $4,268.90 (-1.21%) | Silver: $63.710 (-1.68%)
WTI: $93.00 (+0.64%) | Brent: $105.56 (+1.19%)
S&P 500: 7,743.41 (+0.51%) | Nasdaq 100: 30,608.13 (+0.42%)