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The S&P 500 rose 0.41% on Tuesday, closing September and Q3 with solid gains, though futures edged lower Wednesday as government shutdown risks clouded sentiment. Gold hit a record $3,871, lifted by weak US jobs data, Fed rate-cut bets, and US shutdown fears. The Coindesk Indices, which tracks the broader crypto market, fell 0.43% with Bitcoin up 0.02% and Ether down 0.79%, 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 STRK, up 13.0% after Starknet launched Bitcoin staking, integrating BTC into its network security and DeFi ecosystem.
Starknet (STRK), founded in 2018, is a Layer 2 Ethereum solution that uses zero-knowledge rollups and STARK proofs to scale transaction processing efficiently. Starknet has activated Bitcoin staking on mainnet, letting BTC holders secure the network and earn rewards alongside STRK stakers. BTC now makes up 25% of consensus weight, boosting Starknet’s security, liquidity, and DeFi use cases. Rewards are sustainable, inflation impact is minimal, and stakers can access liquid staking for additional yield.
At Token2049 Singapore, Superteam Singapore hosted its fourth Ignition Demo Day, selecting six finalists from 223 Solana projects. The teams showcased innovations in stablecoins (Azza), DePIN (Home Harvest, DeCharge), and AI-powered finance (Altify), pitching to an audience of 150 including VCs like Dragonfly, Hashed, and Spartan. Alumni from past Ignition cohorts have raised $24 million to date.
Category | Flow (millions) |
GBTC | 0.0 |
Non-GBTC | 230.5 |
Total | 230.5 |
Yesterday, BTC spot ETFs saw $230.5M of inflows, entirely from non-GBTC funds.
Phi will launch its native token $PHI on Aerodrome (Base) on October 10, 2025, with a supply of 1B tokens. The token underpins Phi’s vision of enabling users to build verifiable, expressive digital identities from onchain activity. Distribution includes 18% for contributors, 13.6% for backers, 41.4% for treasury, and 22% for community use via airdrops and incentives over 3 years. The first retroactive airdrop (3.2% of supply) will follow a snapshot taken before TGE.