News Square
Global Crypto News · Real-time Aggregation
📚 Deep Analysis
More →NEAR enters crypto’s top 20 after 140% surge in 30 days
NEAR climbed into the top 20 cryptocurrencies by market capitalization, as NEAR Intents surpassed $31 billion in cumulative transaction volume. NEAR Protocol’s native token entered the top 20 cryptocurrencies by market capitalization on Thursday after rising $138% in the last 30 days, according to <a href="https://x.com/coingecko/status/2108022680628682828" rel="nofollow noopener" target="_blank">>CoinGecko</a>. At the time of writing, NEAR <a href="https://www.coingecko.com/en/coins/near" rel="nofollow noopener" target="_blank">>traded</a> around $5.51, up about 7% over 24 hours, with a market cap of about $7.2 billion and 24-hour trading volume reaching roughly $1.2 billion. NEAR ranks ahead of Stellar (XLM), which has a market cap of nearly $7 billion. NEAR Intents, a cross-chain trading protocol, has <a href="https://explorer.near-intents.org/" rel="nofollow noopener" target="_blank">>handled</a> over $31 billion in cumulative transaction volume, according to the NEAR Intents Explorer. NEAR’s rise in the rankings also <a href="https://cointelegraph.com/news/bitwise-launches-first-us-spot-near-etf-after-tokens-recent-surge" rel="nofollow" target="_blank">follows the Sept. 29 launch</a> of the first US spot exchange-traded product tracking the token. The Bitwise fund trades on NYSE Arca under the ticker NRR, offering investors exposure to NEAR without directly holding the crypto. NEAR Intents <a href="https://cointelegraph.com/news/near-intents-recovers-entire-stolen-38m-after-ultimatum-to-exploiter" rel="nofollow" target="_blank">suffered a $3.8 million exploit</a> involving its deposit and withdrawal infrastructure last week. On Oct. 2, General Manager Alex Shevchenko said that all stolen funds had been returned, a day after the breach was disclosed. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/markets/near-price-surge-intents-zcash-privacy" rel="nofollow" target="_blank"><em><strong>NEAR jumps nearly 80% in a week as Intents volume nears $30B</strong></em></a>
AIA launches on Bithumb's Korean won market, introducing a USDC staking program.
According to CoinWorld news, Deagentai's $AIA will be listed on Bithumb's Korean won market on October 8 at 13:00 (UTC+8), adding the AIA/KRW trading pair. At the same time, Deagentai has launched a $AIA principal-protected staking plan. Participants can stake using USDC, and upon maturity, the full equivalent amount of USDC will be returned according to the rules, along with additional AIA rewards of up to 50% of the actual staked amount. The staking plan offers three pools: ultra, boost, and fast. For the 12-month cycle, the total AIA rewards are 50%, 40%, and 35% of the actual staked amount, respectively. The first rewards will be distributed uniformly in the 3rd, 2nd, and 1st months after the fundraising ends, and will be automatically distributed monthly thereafter. The current staking quota open is 500,000 USDC, with a minimum of 350 USDC per transaction. It is available in limited quantities and will close once the quota is full. To participate, users must go through the official page, use USDC on BNB Chain to buy and stake AIA. The originally purchased and staked AIA will not be separately returned upon maturity.
Ethereum ETFs saw a net outflow of $160.9 million, the largest in five days.
CoinWorld data: On October 7, Ethereum ETF net outflows reached $160.9 million, with total outflows over the past 5 days amounting to $506.3 million, the largest outflow since January 23. Among them, BlackRock's $ETHA saw an outflow of $116.1 million, Grayscale's $ETH an outflow of $2 million, Fidelity's $FETH an outflow of $0 million, Bitwise's $ETHW an outflow of $5.9 million, VanEck's $ethv an outflow of $2.8 million, 21Shares' $teth an outflow of $6.3 million, and Invesco's $QETH an outflow of $2 million.
BlackRock's Bitcoin ETF saw a single-day net outflow of 2,491 BTC, the largest single-day outflow since July.
According to data from Bijie.com: BlackRock's Bitcoin ETF ($IBIT) saw a net outflow of 2,491 bitcoins on October 7, worth approximately $207.7 million, with trading volume reaching $2.2 billion. This is the largest single-day outflow for $IBIT since July 24.
The Ethereum Glamsterdam upgrade raises the Sepolia block gas limit to nearly 200 million.
CoinWorld news, according to Coindesk, the Ethereum Glamsterdam upgrade has raised the block gas limit on the Sepolia testnet from about 60 million to nearly 200 million, with developers testing whether higher capacity can support more payments and transactions. Early test blocks used only 26% to 46% of their capacity. A 6-minute voting round produced all planned blocks and brought 99.97% of eligible staking weight into finalization. The upgrade adjusts transaction processing costs and data access costs. Hoodi testnet is tentatively scheduled for October 27, while the mainnet activation date has not yet been determined.
Ethereum's Glamsterdam test upgrade approaches 200 million gas per block.
CoinWorld data: Ethereum's Glamsterdam upgrade is running on a public test network, with a processing budget more than three times larger than before, aiming to provide more payment and transaction space for the blockchain. The upgrade was activated on Sepolia on Tuesday, with developers testing token software that carries no real value. By early Thursday, the block gas limit was close to 200 million, up from about 60 million before the change. Gas measures the computational work required to process transactions. A CoinDesk review of 25 consecutive test blocks found that each used about 52 million to 92 million gas, accounting for roughly 26% to 46% of the available budget. During Thursday's voting period, 32 planned blocks were proposed, and 99.97% of eligible testnet stake voted in favor of finalization, with the network treating its transaction history as settled.
U.S. Bureau of Ocean Energy Management: 62.89% of oil production in the Gulf of Mexico has been shut in.
According to news from Bijie, the U.S. Bureau of Ocean Energy Management (BOEM) stated that approximately 62.89% of daily oil production and 57.35% of daily natural gas production in the Gulf of Mexico are currently shut in.
The IMF forced El Salvador to stop buying Bitcoin.
According to Biquan News, the International Monetary Fund (IMF) has forced El Salvador to stop its Bitcoin purchases. After approving the disbursement of 138 million USD to El Salvador, the IMF granted El Salvador a waiver for violating its Bitcoin accumulation limits. The IMF also required the government to provide greater transparency regarding its Bitcoin holdings in order to reduce the state's involvement in Bitcoin-related activities. Further government accumulation of Bitcoin is no longer envisioned for the future, apart from already recorded donations, which effectively ends El Salvador's sovereign Bitcoin purchasing activities.
U.S. spot BTC ETFs saw their largest net outflows in two months.
According to data from Biji World: Yesterday, U.S. spot BTC ETFs saw a net outflow of $485 million, the highest single-day net outflow since July 15. Among them, the largest outflow was from IBIT, reaching $208 million, followed by FBTC with an outflow of $105 million.
Fed rate hike probability drops to 18%, rate cut probability at 0%: impact on Bitcoin
CoinWorld data: The probability of a Federal Reserve rate hike on October 28 has dropped to 18.3%, due to weak employment and inflation data. The probability of a rate cut is 0%, so keeping rates unchanged is the base case. Nevertheless, keeping rates unchanged does not mean the market will breathe a sigh of relief. The Federal Reserve raised rates in September, the first hike since 2023, and a December hike is still under consideration. Analysts believe that keeping rates unchanged may remove one threat facing Bitcoin's price, but the risk of a rate hike still remains.