Latest Crypto Market Update Nov 3: ASTER Up 22%, Plasma Dips 15%

Crypto Market Update: Binance Alpha Adds LITKEY, KITE, TITN Airdrops

Overall Crypto Market Update:

• The global cryptocurrency market cap stands at $3.77 trillion, marking a 0.4% decrease in the last 24 hours.

• Daily trading volume reached $104B

• Bitcoin remains the leader with a 58% dominance, while Ethereum holds a 12.3% share.

• A total of 19,408 cryptocurrencies are currently being tracked.

• The largest gainers of the industry today are Polkadot and the XRP Ledger Ecosystem.

Major Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin (BTC) and Ethereum (ETH) Price:

• Bitcoin is currently priced at $ 109,686, representing a 0.2% loss in the past 24 hours. With $38.5 billion in trading volume and a market capitalization of $2.1 trillion, BTC continues to dominate the cryptocurrency market globally.

• Ethereum trades at $3837, fell 1.7% in the last 24 hours, with a $462 billion market cap and $18.3 billion in trading volume.

Top 5 Trending Coins:

• Aster (ASTER) at $1.18, up 22.2% with TV $2.12B.

• Zcash (ZEC) at $414.34, gained 1.2% with TV $931M.

• Internet Computer (ICP) at $4.12, up 20.4% with TV $411M.

• ZKsync (ZK) at $0.0573 surged 28.4% with TV $793M.

• Plasma (XPL) at $0.2591 fell 14.7% with TV $202M.

Top 3 Gainers:

• DigiByte (DGB) at $0.0091, with a 46.5% jump and a volume of $56.7M.

• Dash (DASH) at $92.24, up by 30.7%, with trading volume close to $1.01B.

• Supra (SUPRA) at $0.0018, shows a 28.5% rise with trading volume of $3.18M.

Top 3 Losers:

• GAME (Virtuals GAME) at $0.04774 with TV of $2.75M, down 17.4%.

• AxyCoin (AXYC) at $1.53 with around $135K in volume, dips 16.4%

• Livepeer (LPT) at $5.32 with $118.4Min trading volume, fell 15.3%.

Stablecoins and Defi Update:

• Stablecoins hold a market cap of $311 billion with $80 billion in trading volume, representing No change.  

• The DeFi market cap stands at $137.3 billion, down 1% in the last 24 hours, with a trading volume of $7.6 billion. DeFi dominance remains at 3.6%.

Fear and Greed Index Today

Source: Alternative Me

The current Fear & Greed Index at 42 reflects rising caution among investors. The fear index is a result of U.S. interest rate cuts, Bitcoin whale sell-offs, lower trading volumes, and global regulatory uncertainty. Despite recent gains, traders remain hesitant amid broader economic and policy-related concerns.

Latest Market News Today

1. US Senator Warren Denies Binance CZ’s Defamation Claim

• Warren, through her lawyer, said her remarks about Binance founder CZ’s “money laundering plea” were accurate and not defamatory.

• CZ had considered suing Warren, arguing he only pleaded guilty to violating the Bank Secrecy Act, not money laundering.

2. Tether Launches New Regulated Stablecoin ‘USAT’

• Tether has launched USAT under the GENIUS Act.

• It’s backed 100% by cash and U.S. Treasury reserves, with monthly audits and KYC checks.

• Issued by Anchorage Bank and custodied by Cantor Fitzgerald.

• USDT will continue offshore, backed by gold, Bitcoin, and other assets.

• This dual setup helps Tether enter the U.S. market and compete with USDC.

3. Cathie Wood’s ARK ETF Backs Tesla, Coinbase, and AI Winners

• Cathie Wood’s ARK Innovation ETF (ARKK) tops with Tesla (12.3%), Coinbase (5.8%), and Roku (5.6%).

• Fund focuses on EVs, crypto, and biotech growth.

• Bitmine surged 543% this year, boosting ARKK’s 28% return.

• ARKK skips Nvidia, favoring smaller AI players like Palantir and AMD.

4. FTX Creditors Real Crypto Recovery

• FTX creditor advocate Sunil said real recovery is only 9–46%, far lower due to high crypto prices.

• The 143% payout in dollars won’t make creditors whole in crypto value.

• Some projects like Paradex offer extra airdrops to help creditors.

5. Key Market Events to Watch This Week

• Markets eye major updates as ISM Manufacturing PMI releases Monday.

• Palantir and AMD report earnings early this week.

• The U.S. government shutdown hits day 33.

• Investors await full US-China trade deal details and the S&P 500 earnings wave.

6. Trump Warns U.S. Could Become ‘Third World’ Without Tariffs

• He called next week’s Supreme Court case on tariffs “one of the most important in history.”

• The President says, Trump tariffs will bring wealth, strong security, and better trade deals.

7. Binance Alpha Launches New Airdrops and Token Updates

• Lit Protocol (LITKEY) is now live. Claim starts today at 11:00 UTC.  

• THORWallet (TITN) & Kite (KITE) Airdrop will launch on November 3. Eligible users can claim airdrops using Points on the Events page. 

• Dino Tycoon (TYCOON) will list on November 4. 

• AI16Z to ELIZAOS Swap from Nov 6, 10:00 UTC, Binance Alpha 2.0 will suspend AI16Z trading for a token swap. AI16Z will convert to ELIZAOS at 1:6. Trading and deposits for ELIZAOS resume Nov 7, 02:00 UTC.

CoinGabbar’s Opinion

Given the current Fear & Greed Index at 42 and the overall dip of 0.4%, the crypto appears cautious. While top gainers show short-term momentum, rising fear, regulatory uncertainty, and macroeconomic pressures suggest high risk. Investors should avoid major entries now, wait for stability, and focus on gradual, long-term accumulation strategies.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralised assets. This is not financial advice. Users, please DYOR. CoinGabbar is not responsible for any financial losses, invest wisely.