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The S&P 500 rose 0.4% after a volatile session, lifted by strong bank and tech earnings despite US-China tensions and the ongoing shutdown. Gold rose to around $4,210, nearing a record high as Fed rate cut expectations and renewed US-China trade tensions boosted safe-haven demand. The Coindesk Indices, which tracks the broader crypto market, fell 2.90% with Bitcoin and Ether down 1.20% and 3.78%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is XPL, up 2.4% after Plasma partners with Trust Wallet to expand stablecoin access globally.
Plasma (XPL), launched on September 25, 2025, is a Layer 1 blockchain built for stablecoins, combining Bitcoin security with Ethereum flexibility. Plasma debuted with $2 billion in stablecoin liquidity from 100+ DeFi partners after raising $373 million in a public sale, making it the 8th largest blockchain by stablecoin liquidity. Plasma announced a partnership with Trust Wallet, integrating its stablecoin infrastructure into a wallet used by over 210 million users. The collaboration aims to make USD₮ on Plasma accessible globally, especially in emerging markets, positioning stablecoins as a key financial tool rather than just a fintech product.
Ripple has partnered with Absa Bank to provide digital asset custody services in South Africa, marking its first major custody collaboration in Africa. Absa will use Ripple’s institutional-grade infrastructure to securely store tokenized assets and cryptocurrencies. The move expands Ripple’s global custody network and reflects rising institutional demand for compliant digital asset solutions across emerging markets.
Category | Flow (millions) |
GBTC | (82.9) |
Non-GBTC | (11.1) |
Total | (94.0) |
Yesterday, Bitcoin spot ETFs saw $94 million in total outflows, with $82.9 million from GBTC and $11.1 million from other funds.
Rhuna, a Web3 infrastructure project backed by Aptos and CoinMarketCap, has launched its portal offering free quests and daily check-ins for users to earn rewards. The platform enables seamless payments, ticketing, and event management using AI, stablecoins, and a universal wallet. Recently raising $2M in funding, Rhuna aims to onboard millions of users through its Aptos-based ecosystem.