BTC traded at $82,599, down 0.56% over 24 hours, while ETH stood at $2,501.36, down 2.53%. Gold was at $4,210.00 and silver at $60.635; the S&P 500 and Nasdaq 100 fell 0.47% and 1.39%, respectively, while WTI and Brent fell 0.87% and 1.18%.
1. Crypto market slides, BTC dips below $81,000
Per SoSoValue data, crypto sectors fell broadly, with 24-hour losses mostly between 2% and 6%; the AI sector dropped 5.09%. Bitcoin fell 1.55%, dipping below $81,000 intraday, while Ethereum declined 3.88% to below $2,500.
Assets to watch: BTC
2. Bitcoin spot ETFs post $244M daily outflow
Per SoSoValue data, US spot bitcoin ETFs saw a combined net outflow of $244 million yesterday (Oct 8 ET). Fidelity's FBTC led outflows with $197 million, while Franklin's EZBC was the largest inflow at $4.71 million.
Assets to watch: BTC
3. Ethereum spot ETFs log $72.5M outflow, 8th straight day
Per SoSoValue data, US spot ether ETFs saw a combined net outflow of $72.54 million yesterday (Oct 8 ET), the eighth straight day of outflows. Fidelity's FETH led inflows at $5.50 million, bringing its cumulative net inflow to $2.334 billion.
Assets to watch: ETH
4. Thailand SEC unveils crypto ETF rules effective Oct 16
Thailand's SEC issued 11 announcements establishing a regulatory framework for crypto ETFs, effective Oct 16. The rules require such ETFs to passively track a single crypto asset, initially limited to bitcoin and ether, and to list exclusively on the Stock Exchange of Thailand.
Assets to watch: BTC, ETH
5. Solana plans to cut block time to 200ms
Per CoinDesk, Solana plans to shorten its target block time from 250 milliseconds to 200 milliseconds on Friday in epoch 1053, producing five block slots per second and completing a series of block-time reductions since August. Per-block compute limits will be lowered to keep overall throughput roughly unchanged.
Assets to watch: SOL
6. Starknet weighs L1 shift to counter quantum threat
StarkWare CEO Eli Ben-Sasson wrote about the case for upgrading Starknet to an L1 to address post-quantum threats. He noted that as an L2 Starknet relies on Ethereum's security; Ethereum targets full quantum resistance by end-2029, while Starknet as an L1 could get there first in 2027.
Assets to watch: STRK
7. Top 25 Pump.fun deployers net $128M
Per a tally by crypto KOL Bando, the top 25 developers by deployment count on Pump.fun together launched 770,000 tokens and netted $128 million from the market, yet only six of those tokens exceeded a $20 million market cap.
Assets to watch: PUMP
8. DWF affiliate sues BitGo for $141M in London
Per the Financial Times, DWF Labs-affiliated DWF Maas and related entity Falcon Digital have sued BitGo in London's High Court for $141 million. They allege BitGo released tokens before the agreed lock-up ended, causing price declines and direct losses on their remaining holdings.
Assets to watch: FF
9. Zcash spot ETF sees $18.66M daily outflow
Per SoSoValue data, US spot ZEC ETFs logged a combined net outflow of $18.66 million yesterday (Oct 8 ET), all from the Zcash ETF (ZCSH). The ETF's cumulative net inflow stands at $182 million with total net assets of about $656 million.
Assets to watch: ZEC
Market snapshot
BTC: $82,599 (24h -0.56%) | ETH: $2,501.36 (24h -2.53%)
Gold: $4,210.00 (+1.27%) | Silver: $60.635 (+2.04%)
WTI: $90.69 (-0.87%) | Brent: $103.05 (-1.18%)
S&P 500: 7,765.36 (-0.47%) | Nasdaq 100: 30,725.81 (-1.39%)
1. Crypto market slides, BTC dips below $81,000
Per SoSoValue data, crypto sectors fell broadly, with 24-hour losses mostly between 2% and 6%; the AI sector dropped 5.09%. Bitcoin fell 1.55%, dipping below $81,000 intraday, while Ethereum declined 3.88% to below $2,500.
Assets to watch: BTC
2. Bitcoin spot ETFs post $244M daily outflow
Per SoSoValue data, US spot bitcoin ETFs saw a combined net outflow of $244 million yesterday (Oct 8 ET). Fidelity's FBTC led outflows with $197 million, while Franklin's EZBC was the largest inflow at $4.71 million.
Assets to watch: BTC
3. Ethereum spot ETFs log $72.5M outflow, 8th straight day
Per SoSoValue data, US spot ether ETFs saw a combined net outflow of $72.54 million yesterday (Oct 8 ET), the eighth straight day of outflows. Fidelity's FETH led inflows at $5.50 million, bringing its cumulative net inflow to $2.334 billion.
Assets to watch: ETH
4. Thailand SEC unveils crypto ETF rules effective Oct 16
Thailand's SEC issued 11 announcements establishing a regulatory framework for crypto ETFs, effective Oct 16. The rules require such ETFs to passively track a single crypto asset, initially limited to bitcoin and ether, and to list exclusively on the Stock Exchange of Thailand.
Assets to watch: BTC, ETH
5. Solana plans to cut block time to 200ms
Per CoinDesk, Solana plans to shorten its target block time from 250 milliseconds to 200 milliseconds on Friday in epoch 1053, producing five block slots per second and completing a series of block-time reductions since August. Per-block compute limits will be lowered to keep overall throughput roughly unchanged.
Assets to watch: SOL
6. Starknet weighs L1 shift to counter quantum threat
StarkWare CEO Eli Ben-Sasson wrote about the case for upgrading Starknet to an L1 to address post-quantum threats. He noted that as an L2 Starknet relies on Ethereum's security; Ethereum targets full quantum resistance by end-2029, while Starknet as an L1 could get there first in 2027.
Assets to watch: STRK
7. Top 25 Pump.fun deployers net $128M
Per a tally by crypto KOL Bando, the top 25 developers by deployment count on Pump.fun together launched 770,000 tokens and netted $128 million from the market, yet only six of those tokens exceeded a $20 million market cap.
Assets to watch: PUMP
8. DWF affiliate sues BitGo for $141M in London
Per the Financial Times, DWF Labs-affiliated DWF Maas and related entity Falcon Digital have sued BitGo in London's High Court for $141 million. They allege BitGo released tokens before the agreed lock-up ended, causing price declines and direct losses on their remaining holdings.
Assets to watch: FF
9. Zcash spot ETF sees $18.66M daily outflow
Per SoSoValue data, US spot ZEC ETFs logged a combined net outflow of $18.66 million yesterday (Oct 8 ET), all from the Zcash ETF (ZCSH). The ETF's cumulative net inflow stands at $182 million with total net assets of about $656 million.
Assets to watch: ZEC
Market snapshot
BTC: $82,599 (24h -0.56%) | ETH: $2,501.36 (24h -2.53%)
Gold: $4,210.00 (+1.27%) | Silver: $60.635 (+2.04%)
WTI: $90.69 (-0.87%) | Brent: $103.05 (-1.18%)
S&P 500: 7,765.36 (-0.47%) | Nasdaq 100: 30,725.81 (-1.39%)