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If crypto is to rival giants like Google and Visa, scaling legacy chains like Ethereum is essential. Ethereum leads this charge through layer-2 networks, with Optimism being one of the first to pioneer rollups. Optimism has grown and manages billions in total value locked (TVL), serves thousands of users, and hosts leading DeFi protocols, including Aave. According to L2Beat, Optimism currently manages over $3.8Bn in assets, ranking as the third-largest Ethereum layer-2 behind Base and Arbitrum. Notably, its technology powers other prominent L2s, including Base and Unichain. On the Optimism network, over $1.3Bn worth of assets have been natively minted, up +7% in the past week. (Source: L2Beat) This surge in activity mirrors the recent expansion of OP crypto prices. OP USDT is up +13% from September lows and is currently trading around $0.70. Over the past month, it’s up +4%, and +7% in the last trading week, though it’s still down -58% year-to-date. (Source: Coingecko) DISCOVER: 9+ Best Memecoin to Buy in 2025 Optimism and Scaling Ethereum: Progress Made The more scalable and efficient Optimism becomes, the more appealing it is to users and developers. Already, many entrepreneurs are eyeing Optimism to launch some of the best meme coin ICOs. At the heart of Optimism’s vision is the Superchain, an ambitious “network of networks” that unifies Ethereum layer-2 platforms built on its technology into a single, cohesive ecosystem. Key chains leveraging the OP Stack include the second-largest layer-2, Base, and Unichain by Uniswap, a DEX. Optimism fosters shared liquidity, seamless cross-chain messaging, a secure base layer, low fees, and enhanced throughput by interconnecting them. Driving this progress is the open-source OP Stack, which enables one-click deployments of layer-2s compatible with Ethereum. However, fragmentation has remained a challenge, until now. The 16a upgrade, launching today on the mainnet, addresses this by streamlining interoperability. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Everything to Know About the Optimism Superchain Upgrade The Optimism Superchain upgrade, delivered via 16a, is a targeted maintenance release building on Upgrade 16 from July 2025. It was thoroughly tested on the Sepolia Superchain in late September, enduring over 10 days of validation before today’s mainnet deployment. DISCOVER: Top Solana Meme Coins to Buy in 2025 Optimism Superchain Upgrade: OP Crypto To $1 This Week? Ethereum is primarily scaling via layer-2s like Optimism Optimism is among the largest layer-2s, trailing Arbitrum and Base Optimism Superchain Upgrade 16a is going live today Analysts confident, expect OP USDT to soar above $1 The post Everything to Know About Optimism Superchain Upgrade: Will P Price Hit $1 This Week? appeared first on 99Bitcoins.

Forget meme coins. In 2025, crypto is being defined by stablecoins. USDT by Tether remains the undisputed leader, commanding over $175 billion as of early October 2025. USDC by Circle is in second place, while algorithmic alternatives like Ethena’s USDe and Sky’s USDS are making massive strides. The explosion of stablecoins has pumped the broader crypto market, benefiting some of the best cryptos to buy. With Tether minting billions, capital has flowed to Ethereum and Bitcoin, pushing them to fresh all-time highs in 2025. While USDT, USDC, and other stablecoins blossom, their issuers swim in billions in profits. Every $1Bn increase in USDT or USDC circulation generates revenue for the issuer through interest on its treasury bill exposure, which largely underpins these tokens. (Source: Coingecko) To put it in numbers, in the first half of 2025, Tether reported a net profit of $5.7Bn, driven primarily by interest income on its reserves, mostly U.S. Treasuries and equivalents. Circle, meanwhile, posted net income of about $315.8M over the same period, with its reserves generating $1.23Bn. DISCOVER: 10+ Next Crypto to 100X In 2025 Solana Foundation President Sounds the Alarm: Expect Tether, Circle Profits To Fall Despite these eye-popping figures and the dominance of Tether and Circle in the stablecoin space, Solana Foundation President Lily Liu is raising a red flag. In a recent post on X, she warned that Tether and Circle are on the cusp of a seismic shift. Much of their revenue is set to be redistributed, not just to their platforms but also to the underlying networks and popular dApps managing billions in value. (Source: calilyliu, X) She pointed out that, unlike now, when most stablecoin issuers pocket every penny, the landscape is fast changing. The anticipated reconfiguration of the $305Bn stablecoin market will finally start sharing those profits with users. Liu explained that the “profit pool” created by the assets backing stablecoins is at the heart of this transformation. Right now, after the recent interest rate cut to the 4–4.25% range, issuers typically earn about a 4% yield on Treasuries. This yield, essentially the net interest margin (NIM), is what allowed Tether to rake in billions in net profit. In 2024 alone, Tether captured 100% of the NIM, netting $13.7Bn. But as stablecoins achieve mainstream adoption and more players enter the fray to issue their own, this power dynamic is flipping. Major players on popular blockchains, where these stablecoins are minted and traded, are now vying for a slice of the pie. To secure instant adoption, issuers may have to surrender big portions of their margins in return. DISCOVER: 9+ Best Memecoin to Buy in 2025 Time for Protocol dApps and Tech Firms to Lead the Change? A prime example is USDC. While Circle is the public face of the stablecoin, the issuer shares revenue with Coinbase, the exchange boasting over 100 million users worldwide. As a result, even as Circle generates billions from its Treasury reserves, Coinbase claims half of it, capitalizing on the volume and network effects that Circle depends on for growth. Specifically, +50% of USDH revenue will fund the Hyperliquid Assistance Fund for HYPE buybacks and burns, with the rest reinvested into the USDH ecosystem. DISCOVER: 16+ New and Upcoming Binance Listings in 2025 Solana Foundation President: Expect Tether and Circle Profits to Tank Tether and Circle are dominating the stablecoin scene USDT, USDC adoption have helped rake in billions in profits to issuers Solana Foundation president expects profits to be redistributed rapidly Native Markets on Hyperliquid is leading the way The post Solana Foundation President: Expect Tether and Circle Profits to Tank appeared first on 99Bitcoins.

Circle, the company behind the popular stablecoin $USDC, has just expanded its tokenized U.S. Treasury fund ($USYC) to the Solana Blockchain. Why is this a big deal? Solana’s known for its speed and low transaction costs, making it a perfect match for expanding $USYC’s reach. Previously available on Ethereum, Near, Base, and Canton, USYC is now live on Solana, with BNB Chain integration planned next. $USYC is basically a tokenized slice of a short-term US government money market fund. With a market value of over $635M, up 13% from last month, it’s making a splash in the world of crypto finance. While we’re talking about making a splash, it’d be remiss not to mention the next crypto to explode, Snorter Token ($SNORT). But more about that later. The Growing World of ‘Real-World Assets’ Circle’s latest move is occurring amid a surge in the tokenization of real-world assets (RWAs). We’ve seen the market explode in just one year, which demonstrates the growing demand from institutional investors for yield-bearing assets on-chain. The new Solana integration opens up numerous possibilities, such as using $USYC as collateral for trading derivatives or as a building block for other yield-generating strategies. The only catch is that the fund is only accessible to non-US institutional investors who pass KYC checks. Crypto platforms will have to update their systems to support the new eligibility checks, but it’s a challenge worth taking on to be part of the future of on-chain finance. As Solana opens up new possibilities to institutional investors, Snorter Token ($SNORT) does the same for you. What’s the Deal with Snorter Token ($SNORT)? Snorter Token ($SNORT) is a meme coin presale powering the Snorter Bot; a Solana-based trading assistant that helps you identify early crypto trends and execute trades with speed and precision. The Snorter Bot, personified by a cool, quirky aardvark, operates directly on the Solana blockchain via Telegram. This means you can trade right from your phone, and because it’s on Solana, you get super-fast trades and low fees. How Snorter Bot with $SNORT Makes Trading Easier Snorter Bot comes jam-packed with other features designed to make trading easier and safer. These include automated tools to help you snipe new tokens as soon as they launch, and features to protect you from common scams like rug pulls and honeypots. Even better, its 0.85% trading fees on Solana are among the lowest you’ll find, and the bot itself is designed to be faster than many of its competitors. This is crucial in a fast-paced market where every second counts. The bot also includes copy-trading features, which let you automatically follow the moves of top traders. It’s perfect if you’re just learning the ropes or want to leverage the expertise of others. There’s also protection against front-running and MEV, which helps to ensure your trades are fair. The Snorter Token ($SNORT) presale is gaining traction, having raised $4.2M with recent whale buys as high as $107.1K, $91.1K and $59K. With $SNORT, you’re not just holding a token; once the bot launches, you can use it to gain access to a powerful set of tools to navigate the crypto market with confidence. If the Snorter Token presale achieves its goals, experts predict an end-of-2025 high of $1.02, which would net you a return of 855%. But only if you act now. Grab your $SNORT today for $0.1067 and stake them for 113% APY. Please note that this is not intended as financial advice, and you should always conduct your own research before making any investment decisions. Authored by Aaron Walker, NewsBTC — www.newsbtc.com/news/circle-expands-rwa-to-solana-snorter-token-next-crypto-to-explode/ ‎

On the hourly chart, the GBP/USD pair continued its upward movement on Wednesday. The rebound from the 50.0% retracement level at 1.3528 worked in favor of the U.S. dollar, leading to a slight decline with a close below the 61.8% Fibonacci level at 1.3482. Thus, today the pair's decline may continue toward 1.3425 and even the support level of 1.3332–1.3357. A consolidation above 1.3482 would allow expectations of renewed growth toward 1.3528 and 1.3574. The wave pattern remains "bearish." The last completed downward wave broke the previous low, while the new upward wave has not yet broken the last high. The news background for the pound over the past two weeks has been negative, but I believe traders have already fully priced it in. This week, however, the news background is negative for the U.S. dollar. To cancel the "bearish" trend, the pair needs to rise another 250 pips, but I think we may see signs of a shift toward a "bullish" trend much earlier. On Wednesday, there was no news background for the pound, while the U.S. dollar faced highly contradictory signals. The ADP employment report showed a decline of 32,000 jobs against traders' expectations of +40–50 thousand. This means there is still no sign of a labor market recovery after the Fed's monetary easing on September 17. Admittedly, too little time has passed since the last FOMC meeting, but the fact remains—the U.S. labor market is in poor condition. The ISM manufacturing PMI report was slightly better. In reality, it was just as weak as ADP: the September figure came in at 49.1 points. Any reading below 50 cannot be considered positive. Nevertheless, compared with August, the indicator rose by 0.4 points and beat market expectations by 0.1 point. Bears took advantage of this, but they still lack a full informational platform for a strong offensive. On the 4-hour chart, the pair rebounded from 1.3339 and turned upward in favor of the pound. Consolidation above the 100.0% Fibonacci level at 1.3435 increases the likelihood of continued growth toward the 127.2% retracement level at 1.3795. No emerging divergences are observed in any indicator today. A new decline in the pound could be expected only after consolidation below 1.3339. Commitments of Traders (COT) Report: The sentiment of the "Non-commercial" category became more "bullish" over the last reporting week. The number of long positions held by speculators increased by 3,704, while short positions decreased by 912. The gap between long and short contracts now stands at roughly 85,000 versus 86,000. Bullish traders are once again tipping the scales in their favor. In my view, the pound still faces prospects of decline. However, with each passing month, the U.S. dollar looks weaker and weaker. If previously traders worried about Donald Trump's protectionist policies without fully understanding their consequences, now they may worry about the results of these policies: a possible recession, the constant imposition of new tariffs, and Trump's confrontation with the Fed, as a result of which the regulator could become "politically controlled" by the White House. Thus, the pound now looks far less vulnerable than the U.S. currency. News calendar for the U.S. and the U.K.: U.S. – Initial Jobless Claims (12:30 UTC).On October 2, the economic calendar contains only one minor entry for the U.S. The news background will not affect market sentiment on Thursday. Forecast for GBP/USD and trader tips: Selling the pair was possible on a rebound from 1.3528 with targets at 1.3482 and 1.3425 on the hourly chart. Buying can be considered today on a close above 1.3482 or on a rebound from 1.3425 with targets at the nearest retracement levels. The Fibonacci grids are built from 1.3332–1.3725 on the hourly chart and from 1.3431–1.2104 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

Crypto analyst Cantonese Cat (@cantonmeow on X) argues that DOGE remains in a long-duration advance that has not yet delivered its terminal impulse. In a video analysis published on October 1, the analyst lays out a multi-cycle framework built on logarithmic charting, Elliott Wave structure, and Fibonacci extensions, concluding that a run toward roughly $4 per coin is the most probable outcome of the current bull phase. “It’s all math,” he says, adding that liquidity dynamics and market structure—not simplistic notions of market capitalization—will determine how far the move extends. Dogecoin To $4? The analyst opens by dispelling social-media speculation about his identity—“even though I sound like Elon Musk, I’m not Elon Musk. I’m just a random cat”—before pivoting to the core claim: the long-term Dogecoin chart on a log scale shows three pronounced rounding-bottom cycles, each resolving higher, with the third now in progress. He characterizes the present structure as a sequence of cup-and-handle formations within that broader rounding base. “During this round of bottoms, we keep on having these kinds of cups and handle type patterns. And every single time when you have a handle… people get extremely, extremely bitter and sad. And I’ve just been buying the handle all the way down,” he says, noting his accumulation began “years” ago and that subsequent pullbacks remained buying opportunities within the cycle view. At the center of the thesis is an Elliott Wave roadmap that treats the 2021 mania as Wave Three, a prolonged corrective phase as Wave Four, and the emerging uptrend as the start of Wave Five. The analyst back-tests the structure using Fibonacci retracements and extensions on a log chart. He highlights that Wave Two retraced to the 0.5 level—“a common retracement for wave two”—while the Wave Three top aligned with a 1.618 extension of Wave One, the classic marker of an extended third wave. From there, the market corrected to approximately the 0.618 retracement—a textbook anchor for a Wave Four pullback—before beginning the present advance. Because Wave Three already extended to 1.618, he argues Wave Five should be shorter in relative terms, making hyper-extended targets less likely. Using the log-scale Fibonacci ladder from the Wave Four base, he proposes a target corridor between the 1.272 and 1.618 extensions, with the latter around $4.13 emerging as his base case. “I think anywhere from 1.272, 1.414, 1.618 would be a reasonable target with the most likely scenario… the 1.618, which is going to be $4.13,” he explains, while allowing for two alternative outcomes—a truncated fifth that stalls near the prior high around $0.76, or a more subdued reach to the 1.272/1.414 zone. The log-scale context is central to his methodology. He cautions that linear arithmetic with nominal prices can lead analysts astray when evaluating multi-order-of-magnitude cycles. He also emphasizes a practical trigger level within the current structure: “once it pushes through 33 cents, it’s going to hit some of the higher targets.” In his view, DOGE found support near a 1.236–1.272 region on the log ladder and is attempting to reassert itself above the 1.618 band—an area he frames as a pivotal resistance-turned-launchpad during prior cycle advances. The Math Behind It Anticipating skepticism around the implied market capitalization—roughly half a trillion dollars at $4—Cantonese Cat argues that cap-table arithmetic is routinely misinterpreted as a funding requirement rather than a reflection of marginal pricing under prevailing liquidity. “I think a lot of people think that you have to have $100 billion to pump Doge to $100 billion market cap. That’s not how it works,” he says. Instead, he attributes the path of least resistance to the interplay of derivatives, credit conditions, leverage, and the broader liquidity regime. “If you have a liquidity condition, if they keep printing money, if the market cycle supports this, you don’t need half a trillion dollars to push Doge to half a trillion dollar market cap.” He concedes that the May 2021 peak involved “a lot of irrational exuberance” but contends that similar dynamics could recur. “Money is what it is. It is an abstract concept. It is based on derivatives, is based on leverage, is based on market condition, is based on liquidity. As far as I’m concerned, just go with the flow.” There are important caveats embedded in his call. He stresses that Wave Five targets on a log scale resist the kind of linear add-ons some traders use, and he underscores path dependency: invalidations can emerge if DOGE fails to reclaim and hold key bands or if macro liquidity tightens materially. He also notes supply dilution—Doge’s ongoing issuance—though he treats it as a secondary consideration in a sentiment- and liquidity-driven supercycle. The alternative outcomes he outlines are explicit: a truncated fifth near $0.76 would mark a conservative terminal, while a stall at 1.272 or 1.414 would still deliver a materially higher high without matching Wave Three’s extension. Even with those guardrails, the thrust of the analysis is unequivocal. “The major impulse of wave five hasn’t really quite happened quite just yet,” he says, framing the market as early in the terminal advance of a multi-year structure. He reinforces that his framework is empirical rather than aspirational. “Use your imagination, follow technicals, it’s all math,” he concludes. For Dogecoin, that math points to a breakout above $0.33 as the next near-term tell and a probabilistic arc that terminates near the $4 handle if liquidity conditions cooperate. At press time, DOGE traded at $0.254.

Overview: The dollar is soft and trading near session lows in late European morning turnover. The news stream is light and large parts of the US federal government remain closed. China's mainland markets are on holiday. Among the G10 currencies, the Canadian dollar remains the laggard in a soft greenback environment. Most emerging market currencies also are firmer against the US dollar. The Argentine peso sold off for the third consecutive session yesterday after rallying every day last week. It settled at its highest level since September 22 yesterday. Gold demand persists and it looks poised to challenge yesterday's record high near $3895. Equities are mostly stronger today. Though Japanese markets were mixed, nearly all of the other markets outside of China and India, which is also on holiday today, rallied, led by South Korea's Kospi's 2.7% rally. Europe's Stoxx 600 is up about 0.75% after a 1.15% surge yesterday. It is the fifth consecutive gain. US index futures overcame early worries about the government shutdown to close higher yesterday and are trading with a firmer bias now. Most benchmark 10-year rates in Europe are softer, though the 10-year Gilt yield is slightly firmer. The 10-year US Treasury yield is a little below 4.10%, the middle of the recent range. November WTI is hovering near $61.50. It has not been much lower since testing $61 in early September. USD: The Dollar Index is holding above the (50%) retracement of its gains since the Fed's rate cut on September 17 found near 97.40. It is trading softly but within yesterday's range and still looks vulnerable. The (61.8%) retracement is slightly below 97.15. The Dollar Index has fallen in the past four sessions, which matches the longest losing streak since June. Sentiment is poor and the unexpectedly poor ADP private sector jobs estimate (and downward revision to the August series) made the market a little more confident of another rate cut at the end of the month. The ADP estimate showed a loss of private sector jobs for the second consecutive month and the third month this year. Although the ADP report seemed broadly consistent with other data on the labor market, it said that the bulk of the jobs loss in September was the result of it periodic recalibration with data from the BLS (curve fitting?) and that the adjustment resulted in a 43k loss of jobs compared with the pre-benchmarked data. Still, it does not explain the downward revision in August. The final manufacturing PMI was unchanged from the preliminary reading (52.0), while the manufacturing ISM edged up to 49.1 from 48.7, but remains below 50 since February. Prices paid eased from 63.7 to 61.9 but is still elevated and rising, even if at a slower pace. Employment firmed to 45.3 from 43,8 but is still contracting. New orders, which were above 50 in August (51.4, the highest since January) retreated to 48.9. EURO: The euro approached but held slightly below the (50%) retracement of its losses since the Fed's rate cut. That retracement is found a little above $1.1780. Options for almost 3 bln euros, struck at $1.1785 and $1.1790 expire today. Above there is the (61.8%) retracement and last week's highs near $1.1815. Meanwhile, the US two-year premium over Germany narrowed for the fourth consecutive session yesterday. It bottomed near 150 bp before the Fed's rate cut and recovered to a little above 162 bp last week. It slipped below 153 bp yesterday and is little changed today. The slightly more than six basis point narrowing yesterday was the most in a little more than a month. Meanwhile, despite sluggish growth, the eurozone August unemployment rate of 6.3% matches the average since last August after matching the low since the advent of the monetary union of 6.2% in July. Separately, Switzerland reported that its EU harmonized measure of CPI fell 0.3% in September for a year-over-year rate of zero. It was briefly negative in May. The SNB's deposit rate is at zero but yields out to five-years are negative. CNY: The dollar posted an outside day yesterday against the offshore yuan. It initially rose to almost CNH7.14 (Tuesday high was ~CNH7.1330). It proceeded to reverse lower and was sold through Tuesday's low (~CNH7.1245). Monday's low was slightly below CNH7.1190. It is trading quietly today, inside yesterday's range. Below there, support may be seen near last week's lows (~CNH7.1110). When the onshore yuan stopped trading on Tuesday, ahead of the long holiday, the greenback was around CNH7.13. JPY: After approaching JPY150 at the end of last week, the US dollar has been sold every day this week and reached about JPY146.60 yesterday. It is barely holding above it today but looks vulnerable. The dollar has retraced about 3/4 of the rally since the Fed's rate cut last month. In fact, yesterday's low was the lowest it has been since the Fed cut. It was recorded in the immediate aftermath of the dismal ADP report and the drop in US rates. The US 10-year premium over Japan is hovering near 245 bp, its narrowest since April 2022. The year's high was seen in January around 355 bp. The deputy governor of the BOJ, Uchida reiterated the central bank's position that if the economy and prices continue to evolve as expected, rates will be hiked. He cited yesterday's Tankan survey but not the unexpected weakness in industrial output or retail sales reported earlier this week. The swaps market is little changed in its assessment of around a 63% chance of a hike later this month and a little more a 75% chance of a hike before the end of the year. Japan will report on August's labor market tomorrow and it will see the final PMI. GBP: Sterling briefly traded above $1.3525 yesterday, where it met the (50%) retracement objective of its losses since the Fed's rate cut. It is trading in the upper end of yesterday's range. Today's low is slightly below $1.3470, where options for GBP556 mln expire today. Last week's high was slightly $1.3535. Above there is the (61.8%) retracement around $1.3570. With the Bank of England on hold and the market anticipating continued Fed cuts, the UK two-year premium over the US is a little more than 44 bp. As recently as early August, the UK was at a small discount to the US. The day before the Fed's cut last month, the UK premium was about 46 bp, the most since July 2023. CAD: The greenback remains firm against the Canadian dollar. It briefly frayed support at CAD1.39 on Tuesday but settled above it and challenged last week's high yesterday near CAD1.3960, which was also a four-month high. So far, it is holding above CAD1.3930 and below CAD1.3950. There are options for about $360 mln that expire today at CAD1.3965. It appears to be carving out a bullish wedge or pennant formation. Several technical considerations converge in the CAD1.4000-CAD1.4020 area: the 200-day moving average is slightly below the band, the May highs were around CAD1.4015, and the (38.2%) retracement of this year's decline is near CAD1.4020. Weak economic data and the heavier US dollar environment are the two chief drags on the Canadian dollar. Yesterday's manufacturing PMI slipped to 47.7 from 48.3. It has not been above 50 since January. AUD: The Australian dollar consolidated yesterday in the upper end of Tuesday's range. It recovered from around $0.6520 at the end of last week to almost $0.6630. The Aussie has held above $0.6600 today, where A$1.9 bln options expire today and another A$1.7 bln tomorrow. It has been unable to rise above $0.6625 where another set of options for almost A$800 mln expire today. The (61.8%) retracement of the losses since the Fed's rate hike is a little higher near $0.6635. Last week's high was also slightly below $0.6630. Above there, the next hurdle is seen around $0.6665. Earlier today, Australia reported a smaller than expected August goods trade surplus of A$1.83 bln. Last August's trade surplus was A$5.4 bln. Through August, Australia's goods trade surplus has averaged about $4.2 bln this year compared with an average monthly surplus of almost A$6.0 bln in the first eight months of 2024. Australia's trade with China is greater than with its next five largest trade partners (Japan, the US, and South Korea, Singapore, and India). Imports from the US fell for the third consecutive month. Separately, household spending slowed 5.0% year-over-year in August, from July's revised 5.3% pace (initially 5.1%), the fastest pace since late 2023, and is one of the considerations that make the central bank cautious about easing monetary policy further. The futures market does not have the next cut fully discounted until late Q1 26. MXN: Yesterday's dollar low was recorded after the ADP disappointment near MXN18.24. It snapped back to almost MXN18.38 and rose a bit further today to slightly above MXN18.42 before sellers emerged and pushed it back to almost MXN18.34 today. The year's low was recorded on September 17 (FOMC rate cut) near MXN18.20. The greenback recorded the low of the year the following day against the Brazilian real slightly below BRL5.27. It reached a little above BRL5.37 last week and briefly traded below BRL5.30 yesterday before rising through Tuesday high (~BRL5.3340). The dollar settled within Tuesday's range, neutralizing the technical signal. Brazil's manufacturing PMI eased to 46.5 (from 47.7). It has fallen since March, and it was last above 50 in April. The September reading is the lowest since April 2023. For its part, Mexico saw its manufacturing PMI slip to 49.6 from 50.2 in August, which was the first 50 reading since June 2024. But this merely confirms that Mexico's own version of the PMI (IMEF) continued to show--sub-50 readings. Mexico's August worker remittances surprised on the upside, rising to nearly $5.58 bln from $5.33 bln in July. Still, the fact of the matter is that worker remittances have slowed this year, and it may reflect tougher US immigration policy. In the first eight months of the year, workers have sent nearly $40.5 bln back home compared with $43 bln in the same period in 2024. Moreover, the dollar buys less pesos than it did a year ago (~5.5% less). Disclaimer

S&P 500 hits new record amid Powell's remarksPowell's comments on high stock valuations only briefly discouraged investors, with the S&P 500 reaching its 29th record high. Despite the cooling economy, hopes for a Federal Reserve rate cut continue to support the stock market. Analysts note that the technology sector remains the main driver of growth, fueling investor optimism. In addition, rising corporate share buybacks contribute to sustaining the market's positive momentum. Follow the link for more details. Indices rise on AI optimismUS stock indices S&P 500 and Nasdaq 100 closed higher, hitting historical records amid optimism about investments in artificial intelligence. Political instability in Washington failed to stop the rally, and traders expect a softening of Fed monetary policy. Investors are also paying attention to promising reports from tech companies, which could strengthen the trend. Meanwhile, focus on the VIX volatility index remains elevated, as markets stay sensitive to news about interest rates and global risks. Follow the link for more details. Let us remind you that InstaForex provides the best conditions for trading stocks, indices, and derivatives, helping traders earn effectively on market fluctuations. The material has been provided by InstaForex Company - www.instaforex.com

I have no money left, I lost it all trading. Aster crypto looks interesting, though. I wonder if it would be worth taking out a huge personal loan and going all in on Aster? If it works out great, if it doesn’t, I go bankrupt. Thankfully, price action on .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Aster ASTER $1.78 4.91% Aster ASTER Price $1.78 4.91% /24h Volume in 24h $692.73M Price 7d Learn more has coiled into a classic symmetrical triangle. Momentum is compressing and bulls need to punch through overhead resistance to flip sentiment; a breakdown below $1.65 would give sellers the upper hand. Moreover, crypto whales, including celebrity YouTuber MrBeast, have doubled down on Aster accumulation. So, is Aster ready fo another insane breakout? MrBeast and Whales Load Up on ASTER Crypto: Is An Insane Breakout Ahead? (Source: TradingView) Aster reminded me of the Smash Bros. logo, my favourite game. That’s why I bought it. Besides that, regarding competition like rival Hyperliquid, Aster allows you to trade stocks, more pairs, more leverage, and four different blockchains. Now it also has the crypto whales. Arkham Intelligence data shows MrBeast spent 320,587 USDT for 167,436 ASTER just hours ago. That raises his total holdings to roughly 705,821 ASTER worth $1.28 Mn. His strategy is clear: buying into each dip. (Source: Arkham Intelligence) Lookonchain also tracked a whale withdrawal of 3.19 Mn ASTER ($5.27 million) from Gate.io, signaling conviction among large holders. Together, the two wallets now control 132.78 Mn ASTER (8% of the circulating supply). “Just went long on ASTER. One of my favorite charts to trade,” wrote trader James Wynn on X. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Data Shows ASTER’s Liquidity Advantage Top Gainers in 24h Despite volatility, ASTER is thriving on the fundamentals. According to DeFiLlama, the BNB-based DEX is recording nearly $1 Bn in daily trading volume and holds more than $2.26 Bn in total value locked (TVL). That places it as a serious competitor to Hyperliquid’s .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Price /24h Volume in 24h Price 7d Learn more , which continues to dominate derivatives trading. (Source: DefiLlama) Fees are also climbing. Aster generated $13 Mn in the past 24 hours and $121.3 Mn over the last week, underscoring the protocol’s traction as one of the top fee earners across decentralized finance. DISCOVER: Top 20 Crypto to Buy in 2025 The October Token Unlock: $325M Incoming. Can ASTER Survive the Unlock Storm? The biggest test comes this month. Dropstab data shows that on October 17, ASTER will unlock 183.1 Mn tokens, worth around $325 Mn (11% of its market capitalization). 99Bitcoins analysts warn that, combined with additional unlocks, the total new supply could reach $700 Mn in October. Crypto analyst Gordon summed up market concerns: “ASTER’s price still has the potential to weaken given the upcoming unlock. Strong buyer demand will be needed for price stability.” (Source: X) To soften the blow, Aster is reportedly considering vesting schedules for airdrop recipients to slow down immediate sell pressure. Bigger players may absorb some of the selling, but new supply this size has the power to smother fundamentals. Let’s just all be happy for CZ and all the shills/insiders who made millions on Aster. The rest of us are left to wonder if we’ll ever catch the same wave. EXPLORE: Singapore Denies Do Kwon’s $14M Refund Demand For ‘Stolen’ Penthouse Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Aster has coiled into a classic symmetrical triangle pattern. Momentum is compressing and bulls need to punch through overhead resistance to flip sentiment. The biggest test comes this month. Dropstab data shows that on October 17, ASTER will unlock 183.1 million tokens. The post Is Aster Crypto Back? MrBeast Buys, New Token Unlocks Explained appeared first on 99Bitcoins.

Asia Market Wrap - OpenAI Boosts Asian Tech Sector Asian stock markets moved significantly higher on Thursday, fueled by a major rally in technology shares. Japan's Nikkei index gained more than 1%, led by chip sector companies, despite facing headwinds from a stronger yen against the dollar. Elsewhere, the tech-heavy stock market in Taiwan jumped 1.8%, and South Korea's KOSPI index shot up an impressive 2.8%. The boost in South Korea came after chip giants Samsung and Hynix announced new partnerships to supply data centers for OpenAI. Hong Kong's Hang Seng index also added 1.6%. This widespread enthusiasm drove the broader MSCI Emerging Markets Asia Index up by as much as 1.8%, reaching its highest level since June 2021 and marking its fourth straight day of gains. The overall gauge of Asian stocks, excluding Japan, also hit its highest level since March 2021. Source: Gemini, LSEG Technology company shares rose significantly after OpenAI reached a major agreement with South Korea's largest chip manufacturers, Samsung and SK Hynix. This deal is a key part of OpenAI CEO Sam Altman's ambitious plan to build data centers globally, a huge project expected to cost trillions of dollars. This massive undertaking will require enormous amounts of computer chips, servers, cooling systems, and electricity, and involves other industry giants like Nvidia and Oracle. Following his visit to South Korea, Altman is reportedly scheduled to travel to Taipei to meet with Taiwan Semiconductor Manufacturing Co. (TSMC) and Hon Hai Precision Industry Co. (Foxconn), further fueling the intense excitement around artificial intelligence. Swiss Inflation Remains Steady In September, consumer prices in Switzerland increased by a modest 0.2% compared to the previous year. This rate remained the same as the two prior months and was slightly lower than the 0.3% analysts had expected. This data comes after the Swiss National Bank (SNB) decided to pause a series of six consecutive interest rate cuts, keeping its main rate at zero. Although the SNB is reluctant to return to negative interest rates, it has indicated that it is open to further cuts if prices start falling again (deflation). Inflation had last fallen below zero in May. Looking at specific categories, prices for housing and utilities rose slightly, while the decrease in transport costs became less severe. However, the drop in prices for food and non-alcoholic beverages worsened slightly. On a month-to-month basis, consumer prices fell by 0.2%, which was a larger drop than in August but in line with market predictions. Importantly, core inflation, which excludes unstable items like unprocessed food and energy, remained stable at 0.7% in September, unchanged from August. European Session - European Stock Surge Continues European stock markets reached a record high on Thursday. This surge was primarily driven by companies related to computer chips and technology, following a strong overnight rally on Wall Street and Asia. Shares in major healthcare companies also continued their strong performance from the previous session. The main pan-European index, the STOXX 600, gained 0.7%, hitting a new intraday record. Most national markets also rose, with Germany leading the way with a 0.7% increase. Technology stocks climbed 2.3%. Additionally, healthcare stocks rose 1%, extending the rally started earlier in the week when a deal between the U.S. government and Pfizer helped clear up some regulatory uncertainty in the sector. The auto sector also saw gains, climbing 2.1%, fueled by a 3.2% jump in Ferrari's stock after HSBC upgraded its rating on the luxury carmaker. On the FX front, the US dollar struggled to break its four-day losing streak on Thursday. It saw a brief boost after the US Supreme Court announced it would hear arguments in January regarding President Donald Trump's effort to remove Federal Reserve Governor Lisa Cook, effectively keeping her in her position for the time being. However, that early momentum faded, and the gauge that measures the dollar's strength against six major currencies ultimately erased its initial gains to trade flat. Against the Japanese yen, the dollar traded slightly higher. Meanwhile, the euro was stable after news broke that the U.S. will reportedly provide Ukraine with intelligence to conduct long-range missile strikes on Russia’s energy facilities. The British pound also remained unchanged. In the Asia-Pacific region, the Australian dollar appreciated slightly after new data showed that household spending rose only marginally in August, with purchases of goods actually declining. The New Zealand dollar continued its strong performance, extending its winning streak for a fifth consecutive day. Currency Power Balance Source: OANDA Labs Gold prices moved slightly higher on Thursday, holding close to the record high they reached the previous day. This stability was supported by two factors: continued expectations that the U.S. Federal Reserve will cut interest rates again this year, and ongoing political uncertainty (US government shutdown). The price of spot gold rose 0.2% to $3,871.99 per ounce, though this was just below Wednesday's all-time high of $3,895.09. Oil prices moved slightly higher on Thursday, recovering a bit after falling for the previous three sessions. The small gain was due to renewed concerns about potential disruptions to Russian crude oil exports. Specifically, the Group of Seven (G7) nations' finance ministers announced on Wednesday that they will take steps to increase pressure on Russia by targeting those who continue to buy Russian oil and those who help Russia get around existing sanctions. Despite this support, the overall gains in oil prices were limited by ongoing worries about too much supply in the global market. Brent crude futures gained 14 cents to $65.49 a barrel, and U.S. West Texas Intermediate (WTI) crude climbed 14 cents to $61.92 a barrel. Economic Calendar and Final Thoughts Looking at the economic calendar, the European session will be quiet moving forward. The US session will be intriguing once more. In light of the US government shutdown preventing the release of many major economic reports, alternative data sources, like yesterday's ADP report and today's Challenger job cuts report, will have a bigger and longer-lasting effect on the markets than they normally would. Specifically, since the usual weekly report on jobless claims won't be released today, the Challenger report on job cuts for September could have a very large impact. The US dollar still looks weak, but without clear, major news (strong catalysts), traders may be cautious. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - DAX Index From a technical standpoint, the DAX index has finally broken above the channel which had been in play since early August. This sets the DAX up for a potential 900 point rally to the upside. Of course a pullback could materialize before the rally gains pace, but this may also depend on the global stock rally and Wall Street in particular. Support rests at 24200 before the confluence level at 24000 comes back into focus. Below that we have the 20-day MA which may come into play and rests at the 23746 handle. On the upside resistance may be found at 24500 before the start of the channel high at 24665 comes into focus. DAX Index Daily Chart, October 2. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Those were only practice rate cuts, unironically, and we’re starting off Uptober with a solid pump. Sui Crypto has joined the upward move, with traders eyeing $5 by 2026 as a plausible milestone should the broader rally continue. If this is a fake pump, then I’m looking forward to the soup line. Learn more reinvest in its own ecosystem. Here’s what you need to know, and if SUI can hit $5 before 2026: Why BlackRock Chose Sui Crypto: How Does suiUSDe & USDi Work? Market Cap 24h 7d 30d 1y All Time The dual-token strategy is about to send SUI to $5. suiUSDe will be backed by a basket of digital assets, plus short futures positions, allowing the stablecoin to operate over-collateralized and generate yield. USDi, on the other hand, will link to BlackRock’s BUIDL fund offering exposure to institutional-grade money-market liquidity. All the net income, after costs, will be reinvested to purchase SUI tokens through both Sui’s foundation and SUIG, thereby boosting tokenomics and native token demand. “SUIG launching suiUSDe represents our first step to building infrastructure as a treasury vehicle … focused on delivering scalable value for our shareholders,” said Marius Barnett, SUIG Chairman. (Source: X) Sui devs expect both USDi and suiUSDe to go live before the end of 2025. DISCOVER: Next 1000x Crypto – 13 Coins That Could 1000x in 2025 What Is “The Make It” SUI Stack? What is the “make it” SUI stack? About ten fiddy. All jokes aside, in August, Sui recorded a record $229 Bn in stablecoin transfer volume, outpacing past records. That kind of velocity infrastructure is rare outside top-tier chains. (Source: DefiLlama) This native stablecoin push also gives Sui a competitive edge in the Cosmos / interchain narrative. Cosmos’ IBC model encourages cross-chain flows, and Sui’s ability to host its own stable assets may attract liquidity that otherwise might flow into ATOM, OSMO, or other IBC ports. At $3.56, a realistic “make it” stack is 1,500–3,000 SUI in the $3.25–$3.75 range, with 30–50% staked. Some of 99Bitcoins’ analyst team will hold through the USDi/suiUSDe launch and near-term futures listings, then begin scaling out between $5 and $6 by 2026. DISCOVER: 20+ Next Crypto to Explode in 2025 Macro & Market Risks: Can SUI Crypto Hit $5 Before 2026? As the GENIUS Act introduces tighter stablecoin regulation, stablecoins need visible, verifiable incentive layers. Sui could offer that clarity without stripping DeFi of its appeal. The formula is the following: BlackRock supplies the trust, Ethena the scale, and Sui the raw speed. Don’t fade Sui. It could be on the road to $5 in Uptober. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Key Takeaways Those were only practice rate cuts, unironically, and we’re starting off Uptober with a solid pump. Sui Crypto has joined the upward move. This native stablecoin push also gives Sui a competitive edge in the Cosmos / interchain narrative. The post Blackrock Just Crowned SUI: SUI Defies $143M Unlock as Price Pumps 8% – Will SUI Hit $5 This Week? appeared first on 99Bitcoins.

Yesterday, Bitcoin, Ethereum, and other crypto assets skyrocketed, showing significant gains of 3% to 8% in a single day — something that had not been seen for quite a long time. A sharp inflow into spot ETFs for Bitcoin and Ethereum and talks about upcoming approvals of new tools for other asset classes, such as Solana and Ripple, are creating additional noise and serve as a reason for opening long positions. According to the data, total open interest in SOL futures on the CME exchange has grown tenfold in just two months. Clearly, issuers are preparing for possible approval of a spot SOL ETF as soon as next week. This unprecedented surge in interest indicates that major market players likely have information that is not yet available to the broader public. It is possible that there are active consultations with regulators happening behind the scenes, and the chances of success are significantly higher than previously expected. It is worth noting that the approval of a SOL ETF would be an important milestone for the crypto market. Such approval would open the door to institutional investments in Solana, which could in turn lead to further price increases and expansion of its ecosystem. Furthermore, success with SOL could set a precedent for approving similar instruments for other promising blockchains, such as Avalanche, Cardano, and Polkadot. After the Securities and Exchange Commission approved general listing standards for crypto ETPs and multiple revised Solana fund forms have been submitted, many expect a wave of new crypto ETFs is about to peak. According to market rumors, the real approval date for the Solana ETF could be as soon as next week. It remains unclear whether issuers expect approved spot SOL ETFs to include staking. However, the last S-1 amendment package did address staking. The main stumbling block for an optimistic approval timeline is the possibility of a shutdown of the U.S. government. Trading recommendations: As for the technical picture on Bitcoin, buyers are currently targeting a return to the $119,300 level, which opens the way directly to $120,900 and from there, it is only a short distance to $123,000. The most distant target is the maximum in the $124,400 area. Breaking above this level would indicate further strengthening of the bull market. In the case of a decline in Bitcoin, buyers are expected at the $117,100 level. If the trading instrument falls below this zone, BTC could quickly move to the $115,100 area. The most distant target is the $113,000 area. As for the technical picture on Ethereum, a solid consolidation above the $4,441 level opens a direct route to $4,533. The most distant target is the maximum in the $4,616 area. Surpassing this would mean further strengthening of the bull market and increased buyer interest. In case of a drop in Ethereum, buyers are expected at $4,331. If the trading instrument falls below this area, ETH could quickly move to the $4,235 region. The most distant target is the $4,132 area. What is on the chart: - Support and resistance levels highlighted in red, from which either a slowdown or active price growth is expected; - 50-day moving average in green; - 100-day moving average in blue; - 200-day moving average in light green; A crossover or price test of the moving averages usually either stops or triggers an impulse in the market. The material has been provided by InstaForex Company - www.instaforex.com

Today, the USD/CHF pair is struggling to hold yesterday's levels. The exchange rate barely changed after the release of Swiss consumer inflation figures. According to the Swiss Federal Statistical Office, the Consumer Price Index (CPI) fell by 0.2% in September after a 0.1% decline in August. On an annual basis, inflation stood at 0.2%, matching August's result but falling short of expectations for a 0.3% increase. Nevertheless, this data has little impact on the Swiss franc or the USD/CHF pair amid mixed signals regarding Swiss National Bank (SNB) policy. SNB President Martin Schlegel stated that the central bank is ready to cut interest rates if necessary, but noted a higher threshold for such a move, stressing that moderate inflation growth is expected in the coming quarters, which may allow the SNB to keep current rates unchanged. At the same time, "dovish" expectations regarding Federal Reserve policy are forcing dollar supporters to take a defensive stance, limiting the growth of USD/CHF. Traders have strengthened expectations of two rate cuts by the Fed before the end of this year following Wednesday's weak U.S. private-sector employment data. According to Automatic Data Processing, the private sector lost 32,000 jobs in September—the largest decline since March 2023. In addition, the partial U.S. government shutdown is adding to negative sentiment toward the dollar and limiting USD/CHF's upward potential. From a technical perspective, oscillators on the daily chart are negative, confirming the pair's bearish bias. The nearest resistance is at 0.7975, while immediate support lies at 0.7958. A break below this level would open the way to the next support at 0.7940 on the path toward the key 0.7900 level. Resistance was encountered at 0.7975. A breakout above this level would position USD/CHF to return to the psychological 0.8000 level, with some obstacles on the way near 0.7900. The material has been provided by InstaForex Company - www.instaforex.com

We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week.Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp market fluctuations due to increased volatility. If you decide to trade during the news release, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. For successful trading, you need to have a clear trading plan and stay focues and disciplined. Spontaneous trading decision based on the current market situation is an inherently losing strategy for a scalper or daytrader. #instaforex #analysis #sebastianseliga The material has been provided by InstaForex Company - www.instaforex.com

The XRP price is positioned at a pivotal level that will determine the next trend to play out from here. This was highlighted by crypto analyst, The Alchemist Trader, in a TradingView post that shared notable insights into the current price action of the cryptocurrency. The crypto analyst also explained that there are technical points that will determine the next move, and depending on how bears and bulls perform, there could either be a lot of gains or major losses. The Three Key Points To Watch With the XRP price already showing a lot of weakness, The Alchemist Trader explains that the altcoin is now consolidating near the value area low of its local trading range. This sits around the $2.8 level that the price has been moving around over the last few weeks. The price trading at this value area low also shows that there are a lot of sellers in the market pushing down the price. It had previously pushed the price back toward a critical support level at $2.7, and this has set the stage for either the next bounce or decline. This is because this level holds a lot of liquidity, meaning it is an equal opportunity point for both bears and bulls. Given this trend, the crypto analyst has outlined three key technical points that investors should watch for the XRP price. The first of these is the possibility of the XRP price making consecutive lower highs and pushing it toward the value area low, a bearish signal. Next on the list is that a breakdown from there could push the price toward the Point of Control (POC), as well as the 0.618 Fibonacci and VWAP confluence. Then, last but not least, is the fact that the liquidity at the current levels could mean that there is a sharp wick before the price begins to reverse. How The XRP Price Could Play Out From Here As mentioned above, one of the first things to watch out for is the test of the value area low. From here, if the XRP price were to break down, then it would signal that the decline would deepen from here. It would push the target toward the Point of Control (POC) and deeper support levels. Reaching these levels would mean a possible 25% decline toward $2.33. However, in the event that this support holds firmly, then the analyst sees the XRP price bouncing back into its trading range. The price could wick down first, but this would end in an eventual stabilization and continuation. In this case, the target is placed at $3.5, possibly setting the price on a campaign for new all-time highs.

The U.S. dollar reacted with a decline to Wednesday's data release from ADP Research. According to the report, the number of jobs in American companies unexpectedly decreased in September. Although this was partly due to data adjustments, the company stated that the figures continue to confirm the overall downward trend. The data point to sluggish employment growth, weaker demand for new hires, limited layoffs, and modest wage increases. "This month's data once again confirm what we are seeing in the labor market: U.S. employers are being cautious about hiring," said Nela Richardson, ADP's chief economist. The report, published jointly with Stanford University's Digital Economy Lab, noted that wage growth continues to slow gradually. Wages for job changers rose 6.6%, the lowest figure in a year. For those who remained in their jobs, wages increased by 4.5%, nearly unchanged from the previous month. This troubling signal casts doubt on optimistic forecasts regarding the resilience of the U.S. economy. Analysts are divided on whether this is a short-term anomaly or a harbinger of a deeper economic downturn. The potential consequences for consumer spending and the broader market look quite serious. Lower employment could reduce disposable income, which in turn would negatively affect retail sales and investment. Close monitoring of labor market dynamics is becoming critically important. If the trend of declining employment continues in the coming months, the Federal Reserve may be forced to maintain its course of loose monetary policy—something current Fed Chair Jerome Powell would prefer to avoid. The ADP data is likely to become the most significant labor market report of the week, as the Trump administration announced it would delay the release of September's official employment data, scheduled for tomorrow, due to the government shutdown. Some on Wall Street remain skeptical of ADP's data, preferring figures from the U.S. Bureau of Labor Statistics. However, President Donald Trump's dismissal in August of Bureau of Labor Statistics Commissioner Erica McEntarfer following a disappointing jobs report has raised doubts about the reliability of the Bureau's data and whether it can remain insulated from politics. As for the current EUR/USD technical picture, buyers now need to break above 1.1745. Only this would allow them to target a test of 1.1790. From there, a move to 1.1820 is possible, though achieving this without strong support from major players will be difficult. The ultimate target is the 1.1845 high. If the instrument falls toward 1.1710, I expect significant buying interest. If none appears, it would be preferable to wait for a retest of the 1.1680 low or to consider long positions from 1.1650. As for the current GBP/USD technical picture, pound buyers need to overcome the nearest resistance at 1.3490. Only this would open the way toward 1.3530, a level that will be difficult to break above. The ultimate target lies at 1.3565. If the pair declines, bears will attempt to regain control of 1.3440. A break below this range would deal a serious blow to bull positions and push GBP/USD toward the 1.3400 low, with prospects of reaching 1.3365. The material has been provided by InstaForex Company - www.instaforex.com

BTC USD is catapulting markets today. Bitcoin now sits around $118,500 after a 3.5% climb over 24 hours, and Nvidia is also in the news today after becoming the first company to hit $4.5 trillion valuation. Bitcoin, at around $2.36 trillion, would need another doubling to eclipse Nvidia. A steep hill to climb, yet the momentum says it’s not impossible. The entire crypto sector is showing strength. The total market cap has crossed $4 trillion, aided by nearly $950 million pouring into Bitcoin ETFs in just two days. The Fear & Greed Index has surged to 64, from neutral territory yesterday, to slight greed. Crypto Fear and Greed Chart All time 1y 1m 1w 24h Bitcoin dominance is now 59%, up from earlier in September, suggesting that capital is rotating out of altcoins. Meanwhile, the Altseason Index sits at 73, hinting that Bitcoin is still the central play. (source – Alt Market Cap, TradingView) DISCOVER: 10+ Next Crypto to 100X In 2025 Momentum, BTC USD, Nvidia News Today, and Their Parallels What’s fueling BTC USD rocket? CoinGecko reports that Bitcoin’s 24‑hour trading volume https://www.coingecko.com/en/coins/bitcoin is at $75 billion, and CoinGlass reveals elevated open interest and consistently positive funding rates, a sign of upward continuation. (source – Funding Rate, Coinglass) On the DeFi front, DefiLlama puts total value locked at $162 billion, up nearly 5% in a day , with healthy volume and liquidity across the ecosystem. (source – DeFi TVL, Defillama) Today, Nvidia also signals strength; the company just declared a quarterly dividend and remains central in AI news and narratives. Interestingly, some Bitcoin miners are pivoting hardware toward AI workloads, a crosspath of interests that could strengthen crypto, especially Bitcoin. Bitcoin has also recorded a 4.5% gain in the 24 hours. CoinGlass shows that short liquidations have dropped, reducing potential downside drag. Twitter sentiment around Uptober is loud and bullish, with accounts noting Bitcoin added tens of billions in market cap in a single session. DefiLlama shows stablecoins’ supply around $298 billion, aiding liquidity for further BTC moves. Read the full story here. The post Latest Crypto Market News Today, October 2: BTC Needs One More 100% Move Versus USD to Topple Nvidia — Can It Happen? appeared first on 99Bitcoins.

While the dollar finds new reasons to decline each day—and sellers are met daily with a barrier preventing a deeper sell-off—former Treasury Secretary Lawrence Summers criticized the first speech of Stephen Miran as Chair of the Federal Reserve, stating that it failed to provide an adequate analytical basis for a sharp reduction in interest rates. "I cannot recall a weaker analytical speech delivered before the New York Economic Club or by a Fed Chair," Summers said. "If this was the best argument in favor of the radical interest rate cuts supported by President Trump, then it is even weaker than I previously thought." Summers's remarks, carrying significant weight in economic circles, came as a thunderclap, casting doubt not only on Miran's competence but also on the justification for a decision that could have long-term consequences for the U.S. economy. His reasoning was based on the lack of a clear link between the current state of the economy and the proposed rate cuts. He stressed that economic indicators, contrary to expectations, still point to persistent inflation and a relatively stable labor market, which in his view do not justify such an aggressive move. Summers expressed concern that an ill-considered rate cut could overheat the economy, trigger another inflationary spiral, and ultimately require even harsher regulatory measures in the future. Miran, who served as chief White House economist under President Donald Trump before moving to the Fed ahead of the September 17 rate decision, spoke last week about the so-called neutral interest rate. This is a theoretical situation in which policy neither stimulates nor restrains inflation and the labor market. He argued that Trump's policies had lowered it, leaving the Fed's current stance excessively tight. The new Fed Board member, who advocated for a deeper rate cut in his September 17 speech, concluded that the policy target is currently about 2 percentage points too high. Summers, a Harvard professor, praised Miran for emphasizing the neutral rate. In his view, current Chair Jerome Powell and other policymakers have long downplayed the value of discussing the neutral rate when making real-time decisions. "Miran was right to say that analysis of the neutral interest rate is essential for consistent thinking on monetary policy. However, I must say I was very disappointed by the quality of his analysis," Summers said. Summers also highlighted Trump's trade policy aimed at reducing the U.S. trade deficit, which reduces the supply of dollars available for foreigners to invest in the U.S. capital markets. In his view, cutting the flow of funds into the U.S. puts downward pressure on the neutral interest rate. Summers's interview caused no reaction in the currency market. As for the current EUR/USD technical outlook, buyers now need to break above 1.1745. Only this would allow them to target a test of 1.1790. From there, a climb to 1.1820 becomes possible, but achieving this without strong support from major players will be difficult. The ultimate target stands at the 1.1845 high. If the instrument falls toward 1.1710, I expect major buyers to step in. If none appear, it would be preferable to wait for a retest of the 1.1680 low or to consider long positions from 1.1650. As for the current GBP/USD technical picture, pound buyers need to overcome the nearest resistance at 1.3490. Only this would open the way toward 1.3530, a level that will be hard to break. The ultimate target lies at 1.3565. If the pair declines, bears will attempt to regain control of 1.3440. A break below this range would seriously damage bull positions and push GBP/USD toward the 1.3400 low, with prospects of reaching 1.3365. The material has been provided by InstaForex Company - www.instaforex.com

The crypto market kicked off October with explosive momentum, adding $175 billion to the global crypto market cap in just 24 hours. The total now stands at $4.07 trillion, holding above a key psychological level as Bitcoin .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Bitcoin BTC $118,721.73 2.00% Bitcoin BTC Price $118,721.73 2.00% /24h Volume in 24h $61.63B Price 7d Learn more cooled off after last week’s highs, dropping around 35% to $1.69. Despite the correction, whales continue to accumulate, with just two wallets now holding 8% of supply worth $218 million. This dip-buying suggests confidence in ASTER’s longer-term trajectory. With altcoins heating up, attention is shifting to the next crypto to explode. 2 hours ago ZCash (ZEC) Price Prediction: Surges 200% on Grayscale Thesis By Fatima Uptober is kicking off strong with Bitcoin climbing 4% back above $117,000 and altcoins joining the push higher. But the real surprise leader is Zcash (ZEC) crypto, which just ripped more than 100% in a single day, making it the top gainer among the top 100 coins. This rally feels different from past spikes, with real demand showing up for privacy-focused tokens as regulatory winds shift. On Wednesday, ZEC smashed to a 3-year high at $153, up 225% in just a week and 320% from its August bottom. Market Cap 24h 7d 30d 1y All Time Read The Full Article Here The post [LIVE] Crypto News Today, October 2 – Why Is Crypto Going Up? Bitcoin Near $119K, Market Eyes Next Crypto To Explode appeared first on 99Bitcoins.

Trend Analysis (Fig. 1). On Thursday, the market from the level of 1.3473 (yesterday's daily close) may continue moving upward toward the target of 1.3528 – the 50% retracement level (red dashed line). From this level, the price may roll back downward toward the target of 1.3401 – the 38.2% retracement level (yellow dashed line). Fig. 1 (daily chart). Comprehensive Analysis: indicator analysis – upward;Fibonacci levels – upward;volumes – upward;candlestick analysis – upward;trend analysis – upward;Bollinger Bands – upward;weekly chart – upward.General conclusion: upward trend. Alternative scenario: from the level of 1.3473 (yesterday's daily close), the price may continue moving upward toward the target of 1.3543 – a historical resistance level (blue dashed line). From this level, the price may roll back downward toward the target of 1.3401 – the 38.2% retracement level (yellow dashed line). The material has been provided by InstaForex Company - www.instaforex.com

Trend Analysis (Fig. 1). On Thursday, the market from the level of 1.1729 (yesterday's daily close) may continue moving upward toward the target of 1.1782 – the 50% retracement level (red dashed line). Upon testing this level, the price may roll back downward with a target of 1.1717 – the 38.2% retracement level (blue dashed line). Fig. 1 (daily chart). Comprehensive Analysis: indicator analysis – upward;Fibonacci levels – upward;volumes – upward;candlestick analysis – upward;trend analysis – upward;Bollinger Bands – upward;weekly chart – upward.General conclusion: upward trend. Alternative scenario: on Thursday, the market from the level of 1.1729 (yesterday's daily close) may continue moving upward toward the target of 1.1749 – the 38.2% retracement level (red dashed line). Upon testing this level, the price may roll back downward with a target of 1.1685 – the 14.6% retracement level (red dashed line). The material has been provided by InstaForex Company - www.instaforex.com

Yesterday, US stock indices closed higher. The S&P 500 gained 0.34%, while the Nasdaq 100 added 0.42%. The Dow Jones Industrial Average rose by 0.09%. Record growth in global indices extended to Asia: equities moved higher after OpenAI reached an agreement with South Korean chipmakers, boosting enthusiasm around artificial intelligence. Asian indices climbed by 1.1%, trading above the record closing level reached last month. The main growth leaders were semiconductor producers. Shares of Samsung Electronics Co. rose by 4.3%, and SK Hynix Inc. surged by 10% after OpenAI approached these companies with a request for chips. This pushed South Korean indices to a historic high. Previously, the S&P 500, Nasdaq 100, and the MSCI global equity index also reached fresh records. Futures on US and European stock indices resumed gains. The artificial intelligence boom and multi-billion-dollar corporate investments have driven stocks to record highs after the April pullback. Investors also brushed aside the political stalemate in Washington, which led to the first government shutdown in seven years and threatens to disrupt the Federal Reserve's access to key economic data necessary for interest rate decisions. It is clear that corporations are pouring billions into the development and deployment of AI technologies, and this is immediately reflected in stock prices. Investors, captivated by the prospects of exponential growth, are willing to overlook risks and put money even into companies whose profitability remains uncertain. The political arena, meanwhile, remains a constant source of tension. The government shutdown, while not entirely unexpected, still creates additional challenges for the economy. The absence of fresh economic data, critically important for the Federal Reserve, could lead to misguided decisions on interest rates and, as a result, destabilize the financial system. However, even these factors have proven unable to stop the relentless rise in equities, which continue to show resilience against any shocks. In other market segments, US Treasuries extended gains supported by private-sector employment data, which reinforced expectations of a Fed rate cut this month. The dollar held steady, while gold stabilized after a five-day rally that pushed it to back-to-back record highs. Japan's 10-year government bonds eased slightly following the second auction of the week, which met with lukewarm demand. Meanwhile, the ADP Research report released on Wednesday showed that the number of jobs in US companies unexpectedly declined in September. This aligns with other recent data pointing to a labor market slowdown and prompted traders to increase bets on two additional Fed rate cuts this year. It is worth noting that the earlier JOLTS report also signaled weakening labor demand, offering traders an immediate snapshot of employment conditions. With Bureau of Labor Statistics nonfarm payrolls data likely to be delayed, traders reacted instantly to the most recent information available. As for the technical picture of the S&P 500, the main task for buyers today will be to break through the nearest resistance level of $6,727. This will pave the way for further gains and open the door to a move toward $6,743. An equally important objective for bulls will be maintaining control above $6,756, which would strengthen buyer positions. In the event of downward pressure amid declining risk appetite, buyers must assert themselves around $6,711. A break below this level would quickly push the instrument back to $6,697 and open the path toward $6,682. The material has been provided by InstaForex Company - www.instaforex.com

The results of the Bank of Japan's (BoJ) Tankan survey for September, released on October 1, showed an improvement in the business conditions index (DI) by 1 point compared to June for large manufacturers, reaching +14. The index for large non-manufacturing firms remained at a very high level of +34. Forecasts for capital investment and current profits also remained stable despite tariffs introduced by the Trump administration. This provides a solid basis for expecting another round of wage increases next year, which in turn supports concerns about persistent inflationary pressures. Overall, the Tankan report contributed to the arguments in favor of a rate hike at the upcoming BoJ meeting, scheduled for October 30. The primary argument against a rate hike stems from the ongoing U.S. government shutdown, should it drag on. The BoJ is thoroughly assessing the impact of newly introduced tariffs, and to make a well-informed decision, it relies on U.S. economic data, which could be significantly delayed or unavailable during a prolonged shutdown. Two key reports are especially important: the U.S. nonfarm payrolls report due on Friday, and the September inflation report scheduled for release on October 15. If these reports are not published on time, the BoJ might postpone its rate decision to a later meeting. These factors introduce substantial uncertainty in projecting the yen's future performance. If the market anticipates a rate hike on October 30, USD/JPY is likely to decline, potentially breaking out of its current range. However, if the shutdown drags on and leads to a postponed rate decision, this could negatively impact the yen and push USD/JPY higher. For now, markets remain undecided and are waiting for updates. If the shutdown is resolved within 7–10 days, the rate hike scenario will likely regain priority. Net long positions on the yen increased significantly by $1.49 billion over the reporting week, reaching $6.73 billion—marking an end to the unwinding trend that began in April. The estimated fair value remains below the long-term average, suggesting continued downside potential for USD/JPY, though the momentum remains weak. The yen has traded in a narrow range for several months with few signals suggesting a breakout. Markets have long priced in a possible BoJ rate hike in October, and further hints from the central bank are unlikely to shift expectations. The USD/JPY pair is starting to exhibit a slight bearish bias. For this move to gain traction, two support levels must be broken consistently: the first at 146.40–146.60, and the second at 145.40–145.50. Only then would the technical picture become more decisively bearish—meanwhile, the potential for a return to 150 looks increasingly limited. The material has been provided by InstaForex Company - www.instaforex.com

Tether, the powerhouse behind the world’s largest stablecoin by trading volume, USDT, has unveiled a strategic plan to expand its presence in the US market, a landscape that has evolved significantly under the Trump administration. With the recent enactment of the GENIUS Act, which establishes a new regulatory framework for stablecoins and cryptocurrency firms issuing dollar-pegged cryptocurrencies, Tether is eager to capitalize on these developments. Tether’s US Market Comeback In a recent interview with Bloomberg, Tether’s CEO, Paolo Ardoino, reaffirmed the firm’s plans to launch a new token, USAT, designed to comply with US regulations. Central to Tether’s strategy is its partnership with Rumble, a growing video platform with a substantial user base. Notably, Tether holds a 48% stake in Rumble, following a notable $775 million investment in the company made in 2024. Ardoino emphasized the significance of Rumble’s 51 million monthly active users, stating, “That is already a huge amount of users if you compare to what the competition has now in the United States.” The US stablecoin market includes Circle (CRCL), the issuer of the second-largest dollar-pegged cryptocurrency, USD Coin (USDC), and a host of new entrants in the stablecoin arena. The Trump administration has prioritized the growth of privately issued stablecoins, particularly through the GENIUS Act, which aims to create a supportive environment for issuers. Tether, having faced scrutiny in the past—including a $41 million fine for allegedly misrepresenting its reserves—has recently made a concerted effort to re-establish its foothold in the US market. Aiming For $500 Billion Valuation With a profit of $4.9 billion recorded in the second quarter of the year, Tether has strategically invested its reserves in cash-like assets, including US Treasuries, generating significant interest income. The company’s recent ventures also extend into various industries, encompassing artificial intelligence (AI), energy, and commodities. Ardoino outlined that Rumble’s upcoming crypto wallet will play a crucial role not only for USAT but also for Tether’s tokenized gold product. Rumble’s CEO, Chris Pavlovski, echoed Ardoino’s sentiments, stating that the partnership embodies the principles of free speech and decentralized finance (DeFi). “Rumble represents free speech just as Tether’s cryptocurrency and a decentralized internet represent true liberty,” he noted, highlighting the shared vision that unites the two companies. Additionally, Tether is seeking to raise up to $20 billion for a 3% stake, potentially valuing the company at around $500 billion. Ardoino described this valuation as a bargain, although he did not provide detailed calculations. Should this fundraising effort succeed, Tether plans to allocate part of the proceeds towards developing an artificial intelligence platform designed to function on low-cost smartphones in emerging markets, particularly in Africa and South America. Tether’s CEO also mentioned the creation of an offline, artificial intelligence-powered language translation application as part of this initiative. Featured image from DALL-E, chart from TradingView.com

"Don't fight the Fed." Well, it depends on what the Federal Reserve is saying. Recent comments from Jerome Powell that U.S. equities are highly valued only briefly spooked investors. They quickly bought the dip and pushed the S&P 500 to its 29th record high. If the Fed Chair intended to scare the market, it didn't work. Historically, when the central bank has commented on the overvaluation of equities — going back to 1996 — the broad stock index has, on average, risen by 13% over the following 12 months. During that same period, it consistently outperformed its global peers. P/E Ratio Trends and Fed Mentions of S&P 500 Valuation In reality, the Fed's stance is understandable. A stock market rally, declining Treasury yields, and a weakening U.S. dollar all contribute to easier financial conditions. As a result, the effect of monetary stimulus could be amplified more than in the opposite scenario, increasing the risk of inflation flaring up. However, overvaluation in the S&P 500 is no longer the vulnerability the market is most worried about. Banks and investment firms are increasingly of the view that in today's environment of rising corporate earnings and the economy shifting from manufacturing to technology, high P/E ratios represent the new normal. Investors weren't rattled in the slightest by further signs of a cooling in the U.S. economy. ISM manufacturing activity contracted for the seventh consecutive month, and private sector employment, as reported by ADP, unexpectedly decreased by 32,000 jobs in September. August's figures were also revised down from +177,000 to -3,000. U.S. Employment Trends from ADP In fact, the report dispelled any lingering doubts among investors about an imminent cut in the federal funds rate. CME derivatives increased the odds of an October cut from 94% to 99%, and December from 77% to 87%. The reinitiation of the monetary easing cycle remains a strong tailwind for the S&P 500. Yes, recent U.S. data hasn't been great. But it hasn't been terrible either. This kind of "in-between" data has helped clarify the future path for interest rates. Even though some FOMC members offered hawkish remarks, markets seem unfazed. Shares of pharmaceutical companies continued to rise after Donald Trump announced a new website through which Americans would be able to buy medications directly. Meanwhile, optimism around OpenAI overshadowed the negative news about a potential U.S. government shutdown. The maker of ChatGPT managed to attract about $500 billion as part of its new share offering, making the company's IPO the largest in history. The U.S. corporate earnings season kicks off next week, and due to the absence of major macroeconomic reports amid the government shutdown, it will become the main catalyst for U.S. stock market movements. From a technical perspective, the daily S&P 500 chart shows a recovery of the upward trend. As long as the index trades above the fair value level of 6660, long positions opened from 6570 and 6620 should be held and even increased, with targets set at 6800 and 6920. The material has been provided by InstaForex Company - www.instaforex.com

During today's Asian session, Bitcoin reached the $119,500 level and doesn't seem to be slowing down. Ethereum is also trading above $4,400, poised to set a new all-time high potentially. A sharp spike in buying in October once again highlights the tendency for a strong fourth quarter in the crypto market. Yesterday, it was announced that Strategy (formerly MicroStrategy) will no longer be subject to the U.S. alternative minimum corporate tax. This is good news for many crypto-focused companies that are following in Strategy's footsteps. Given the increase in Bitcoin prices this year, Strategy was anticipating facing the 15% alternative minimum tax in 2026. This corporate tax applies to companies with earnings exceeding $1 billion over a three-year period prior to the first tax year. However, according to temporary guidelines issued Tuesday by the U.S. Treasury Department and the IRS, corporations are not required to include unrealized gains and losses on their digital assets when determining whether they are subject to the tax. As outlined in the report, the company formerly known as MicroStrategy adopted a new accounting standard in January that requires it to include the fair market value of its Bitcoin holdings in its earnings. As a result, for the six months ending June 30, the company reported $8.1 billion in unrealized profit on its Bitcoin assets. Strategy currently holds Bitcoin valued at around $74.6 billion. As for my intraday strategy in the cryptocurrency market, I'll continue to rely on significant pullbacks in Bitcoin and Ethereum as buying opportunities, expecting the broader medium-term bull market to persist. Regarding short-term trading, the strategies and conditions are described below. BitcoinBuy ScenarioScenario 1: I will buy Bitcoin today at the entry point of $118,800, with a target of rising to $120,300. I plan to exit the buy trade at around $120,300 and sell on the bounce. Before entering on a breakout, make sure the 50-day moving average is below the current price, and the Awesome Oscillator is above the zero line. Scenario 2: Bitcoin can also be bought from the lower boundary at $118,100 if there's no market reaction to its breakout, aiming for a move back to $118,800 and $120,300. Sell ScenarioScenario 1: I will sell Bitcoin today at the entry point of $118,100, with a target of dropping to $116,900. I plan to exit short positions around $116,900 and buy immediately on the bounce. Before entering into a breakdown, ensure the 50-day moving average is above the current price, and the Awesome Oscillator is below zero. Scenario 2: Bitcoin can also be sold from the upper boundary at $118,800 if there's no market follow-through on a breakout, targeting a move back down to $118,100 and $116,900. EthereumBuy ScenarioScenario 1: I will buy Ethereum today at the entry point of $4,414, aiming for a rise to $4,484. Around $4,484, I will exit the trade and sell on the bounce. Before buying on a breakout, ensure the 50-day moving average is below the current price, and the Awesome Oscillator is above zero. Scenario 2: Ethereum can also be bought from the lower boundary at $4,366 if there's no market reaction to its breakout, with a potential move back to $4,414 and $4,484. Sell ScenarioScenario 1: I will sell Ethereum today at the entry point of $4,366 with a target of dropping to $4,308. Around $4,308, I will exit the sell position and buy on the bounce. Before selling on a breakdown, ensure the 50-day moving average is above the current price, and the Awesome Oscillator is below the zero mark. Scenario 2: Ethereum can also be sold from the upper boundary at $4,414 if there's no market follow-through on a breakout, aiming for a move back to $4,366 and $4,308. The material has been provided by InstaForex Company - www.instaforex.com