Of Omkar Godbole (all times one unless otherwise stated)
Bitcoin stays in an uptrend despite the withdrawal overnight. The world’s largest cryptocurrency is on fire after gathering almost 10% in a week.
While the shower around BTC is natural, other undersirectors, such as assets in the real world (RWAs), are illuminating and deserving attention.
On Monday, Ondo Finance announced one of the top five RWA projects by market value, the acquisition of Oasis Pro, an American company with full SEC broker dealer, ATS and Transfer Agent licenses.
The acquisition enables Ondo to offer compatible tokenized securities products in the United States, including the issuance, trade and management of tokenized assets such as shares, business debt and structured products. Ondo -Token rose almost 5% to 96 cents while continuing to act well during his tops in December 2024 of $ 2.14.
In a parallel development, the RWA-focused layer 2 blockchain, Plume Network, said it has been registered by SEC as transfer agent.
The license allows Plume to manage digital securities and shareholder registers directly onchain that supports interoperability with US Depository Trust & Clearing Corporation (DTCC) Settlement Network. The network’s native token (plume) rose by 25% to over 12 cents on the message.
Overall, these messages signal that the digitization and tokenization of traditional assets wins regulated traction and bridge between traditional funding and blockchain innovation.
In other news, Cathie Wood’s Ark Venture Fund invested about $ 10 million in Securitize, a blackrock-supported tokenization company. The stake makes it the eighth largest possession of the sheet.
When we talk about the market prospects, the path for least resistance for BTC on the higher side remains supported by ETF flow. However, there is an interesting point to consider: Each of the previous times ETFs drew $ 1 billion or more on a day or two, Bitcoin’s award set at a temporary top and subsequently corrected lower, according to Coindesk analyst James Straten.
In addition, the dollar index that tracks the value of greenback against larger currencies remains resistant despite discussions of faster feed cuts based on the shutdown of the US government.
A potential rally in greenback could weigh cryptocurrencies and gold. The latter quickly closes on the $ 4,000 mark, a rally that has the like of Citadel. Stay aware!
What to look at
For a more comprehensive list of events this week, see Coindesk’s “Crypto Week ahead”.
- Crypto
- Macro
- October 7, 10:05: Fed Vice Chair for Supervision Michelle W. Bowman delivers welcome remarks on the 2025 Community Banking Research Conference, St. Louis, Mo. Watch Live.
- October 7, 10:30: Conversation with Fed Governor Stephen I. Miran at the Managed Funds Association (MFA) Policy Outlook 2025 in New York. Watch Live.
- Earnings (Estimates based on Factset -Data)
Token -events
For a more comprehensive list of events this week, see Coindesk’s “Crypto Week ahead”.
- Management votes and calls
- Gnosis DAO votes on GIP-138 to finance the node tinar, a validator monitoring tool used by 94 operators for 60k+ validators. Voting ends October 7th.
- Unlock
- Token launches
- October 7: Kgen (KGEN) to be performed on Binance, Mexc, Bingx, Kucoin and others.
- October 7: Klink Finance (Klink) to be performed on Binance, Kucoin and others.
Conferences
For a more comprehensive list of events this week, see Coindesk’s “Crypto Week ahead”.
Token Talk
By Oliver Knight
- Plasmas XPL -Token pulled off last week’s negative mood on Tuesday and increased by more than 11%as it approaches $ 1.00 mark after slipping to $ 0.87 Monday.
- The project fought for criticism of alleged founding of team -token sales, a claim founder Paul Faeck’s adamant rejected last week.
- There were also complaints about the plasma team after links to the less than impressive layer 2 network blast.
- “Of our 50-time team spent three time blurring or explosion,” wrote faecks at X. “Our team members also come from Google, Facebook, Square, Themasek, Goldman Sachs and Nuvei.
- Now, with the negative mood of Plasma’s rear view, the stablecoin-focused blockchain begins to find its groove, strengthened with $ 5.1 billion in the total value locked (Tvl), of which $ 1.2 billion is in plasma savings-wield protocol.
- Attention to the XPL tooken also rises as the daily trading volume jumped by more than 90% on Tuesday to $ 5 billion.
Derivatives Location
- BNB is leading growth in futures’s open interest in most major tokens, including Bitcoin, a sign of continued capital inflow on the market.
- One regarding sign: Oi in non-serious Token Fartcoin has increased by over 12% over the last 24 hours. It typically represents foam, often observed on preliminary market tops.
- XRP volatility may increase as open interest in USD and USDT-denomined eternal benefits listed on larger stock exchanges has risen to 938 million XRP, the highest level since the end of July.
- Despite BTC hovering close to record heights, the market does not look overheated. Annual financing rates Most tokens, including Memecoins, remain at approx. 10%.
- At CME, BTC has opened interest seen a modest jump to three weeks of heights, but stays well below 211K BTC last December. Meanwhile, Ether Oi has hit a record high of 2.2 million ETH.
- At dismissal, dealers chase BTC Bull Call Spreads, with some profits in long call positions and move to higher strike rates. Generally, calls still occur cheap compared to puts.
Market movements
- BTC is down 0.84% ​​from 1 p.m. 16 A Monday to $ 124,220.89 (24 hours: +0.27%)
- ETH has fallen 0.17%of $ 4,683.25 (24 hours: +2.58%)
- Coindesk 20 has dropped 1.09% at 4,360.28 (24 hours: +0.43%)
- Ether Cesr Composite Staking Rate has increased by 3 bps at 2.85%
- BTC financing rate is at 0.0076% (8,3132% annual) on Binance
- DXY has increased by 0.34% at 98.44
- Gold Futures are unchanged for $ 3,978.10
- Silver Futures have fallen 0.57% of $ 48.17
- Nikkei 225 closed unchanged at 47,950.88
- Hang bed closed 0.67% at 26,957.77
- FTSE is unchanged at 9,479.43
- Euro Stoxx 50 is unchanged to 5,627.61
- Djia closed Monday down 0.14% at 46,694.97
- S&P 500 closed 0.36% at 6,740.28
- Nasdaq Composite closed 0.71% at 22,941.67
- S&P/TSX Composite closed 0.2% at 30,531.88
- S&P 40 Latin America closed 0.86% at 2,877.42
- US 10-year-old Treasury has risen 0.6 bps by 4.168%
- E-MINI S&P 500 Futures are unchanged at 6,785.25
- E-MINI NASDAQ-100 futures are unchanged at 25,186.00
- E-MINI DOW JONES Industrial Average Index has fallen 0.17% at 46,878.00
Bitcoin statistics
- BTC Dominance: 58.82% (-0.17%)
- Ether to Bitcoin ratio: 0.03768 (0.29%)
- Hashrate (Seven-Day Sliding Average): 1,022 EH/S
- Hashprice (Spot): $ 52.18
- Total fees: 4.41 BTC / $ 550.867
- CME futures open interest: 147,835 BTC
- BTC priced in gold: 31.2 oz
- BTC VS GOLD MARKET CAP: 8.80%
Technical analysis
- ETH jumped to $ 4,740 and marked a reverse break by a countertrend consolidation identified by trend lines connecting August 24 and September 13 heights and low on September 1 and September 25.
- Breakout points to resumption of the wider increase and range of record heights.
- On the downside, Monday’s low at $ 4,489 is the level of beating for the bears. It would invalid the bullish breakout.
Crypto shares
- COINBASE GLOBAL (COIN): CLOSED Monday at $ 386.07 (+1.59%), -1.44% to $ 380.51 on the market before market
- Circle Internet (CRCL): Closed to $ 148.51 ( +1.87%), +1.96% to $ 151.42
- Galaxy Digital (GLXY): Closed at $ 38.84 ( +7.41%), +2.70% to $ 2.70%
- Bullish (BLSH): Closed to $ 68.79 (+6.14%), -0.36% to $ 68.54
- Mara Holdings (Mara): Closed to $ 20.57 (+9.3%), -1.12% to $ 20.34
- Riot Platforms (Riot): Closed to $ 21.56 (+10.91%), -0.42% to $ 21.47
- Core Scientific (Corz): Closed to $ 17.91 ( +0.51%), +0.28% to $ 17.96
- CLEANSPARK (CLSK): CLOSED TO $ 17.43 ( +9.35%), +0.75% TO $ 17.56
- COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): CLOSED TO $ 52.29 ( +8.51%), +1.36% TO $ 53.00
- Exodus Movement (2.
Crypto Treasury Companies
- Strategy (Mstr): Closed to $ 359.69 (+2.29%), -1.58% to $ 354.00
- Semler Scientific (SMLR): Closed to $ 30.75 (+0.62%)
- Sharplink Gaming (SBet): Closed to $ 19.24 (+5.83%), -0.73% to $ 19.10
- Upexi (Upxi): Closed to $ 7.7 (+3.49%), -2.6% to $ 7.50
- Lite strategy (lits): closed to $ 2.6 (+1.56%), -0.77% to $ 2.58
Etf is flowing
SPOT BTC ETFS
- Daily Net Tream: $ 1,190 million
- Cumulative net streams: 61.20 billion dollars
- Collected BTC holdings ~ 1.34 million
SPOT ETH ETFS
- Daily Net Tream: $ 176.6 million
- Cumulative net streams: $ 14.61 billion
- Collected Eth Holdings ~ 6.75 million
Source: Father’s page -Investors
While you were asleep
