News

Market Overview

The US will impose tariffs of up to 50% on timber and furniture imports from countries that do not strike trade deals with the US, according to the latest announcement from the Trump administration.
China’s manufacturing sector has contracted for six consecutive months, with the latest data showing a decline in factory activity, as policymakers seek to revive economic momentum.
The US Labor Department will cease operations and not release key economic data, including the jobs report, if the government shuts down, according to a contingency plan published by the Department of Labor.

US Spot ETF Flows

US BTC Spot ETF Flows

US ETH Spot ETF Flows

Crypto Liquidations Summary

• Stablecoin net inflows skyrocketed by 323% from $10.8 billion in Q2 to $45.6 billion in Q3, driven primarily by the growth of USDT, USDC, and the rise of Ethena’s USDE, according to RWA.xyz data. Stablecoin inflows totaled $56.5 billion over the past six months, with only $10.8 billion recorded in the second quarter. The third quarter accounted for the bulk, highlighting how quickly demand has accelerated, driven not only by USDT and USDC but also by the rise of algorithmic entrants like USDe. 
• Strategy made a $22.1 million bitcoin purchase, increasing its total bitcoin holdings to 640,031 BTC.
• The Solana cryptocurrency has seen traders capitalize on its drop to $190 as a buying opportunity, ahead of the Securities and Exchange Commission’s decision on Solana ETFs by October 10.
• The SEC halted trading of crypto treasury firm QMMM Holdings for 10 days until October 13 due to potential stock manipulation through social media promotions, after the company’s shares surged over 1,700% in a month following its September 9 announcement to build a crypto analytics platform and initially spend $100 million to stockpile Bitcoin, Ether, and Solana.