Crypto Market Roundup Oct 1: ETF Listing & US Trump ShutDown News

What Happened In Crypto Market Today: SEC Approve Crypto Funds Custody

The global cryptocurrency market cap stands at $4 trillion today, reflecting a 0.5% change over the past 24 hours. Daily trading volume reaches $165 billion, with Bitcoin holding 57% dominance and Ethereum 12.5%. The overall tracks are 18,971 coins, while the Polkadot and XRP Ledger ecosystems are currently leading as the biggest gainers in the market.

Major Crypto Market Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin (BTC) is currently priced at $114,325, showing a slight decline of 0.3%. Its 24-hour trading volume stands at $56.2 billion, with a market capitalization of approximately $2.28 trillion, reflecting its dominant position in the cryptocurrency market.

Top 5 Trending cryptocurrencies:

• Aster (ASTER) is trading at $1.58, down 17.4%, with a TV of $1.11 billion.

• Plasma (XPL) is priced at $1.04, down 14.6%, with a TV of $2.35 billion.

• Avantis (AVNT) is currently $1.25, up 12.4%, and has a TV of $3.48 billion.

• OpenEden (EDEN) is at $0.4136, falling 67.9%, with a trading volume of $504 million.

• Linea (LINEA) is trading at $0.02561, down 4.7%, with a volume of $160.44 million.

Top 3 Gainers:

• SQD (SQD) is trading at $0.236 with a total volume of $191,181,087, up 70.7%.

• AtomOne (ATONE) is priced at $1.45 with a trading volume of $1,457,964, rising 59.4%.

• Avalon (AVL) is currently trading at $0.2682 with a total volume of $103,041,152, representing a 57.9% increase.

Top 3 Losers:

• EDEN (OpenEden) is down to $0.4183 with a trading volume of $509,262,111, dropping 68.1%.

• Anoma (XAN) is now $0.1173, with a trading volume of $227,297,561, falling 47.6%.

• MonbaseCoin (MBC) is priced at $0.2868, with a small trading volume of $165,402, losing 29.8%.

• Apart from the zkVerift (VFY) and UXLINK, also dips 28.6% and 22.2%, with current prices $0.1231 and $0.1238 in the last 24 hours.

Stablecoins rose by 0.4% today, with a total trading volume of $301.75 billion and a market capitalization of $129.24 billion, reflecting steady activity in the stablecoin market.

The overall Defi market cap stands at 160 billion, with a slight negative change of 2.2% with trading volume of 13 billion. The defi dominance over the industry is 4%.

Fear and Greed Index Today

Source: Alternative Me

Currently, the Fear and Greed index is 49, indicating a neutral mood among investors. Yesterday it was 50 (neutral), last week 44 (fear), and last month 46 (fear). The shift from fear to neutral suggests market confidence is slowly improving compared to recent weeks.

Latest Market News Today

US Government Shutdown News: The White House has announced that the U.S. government will soon shut down after the Senate failed to pass a spending bill to fund federal agencies. This means many government services could stop. America has faced shutdowns before, like the 35-day one in 2018–2019, often due to political disputes.

Brex USDC Stablecoin Payment update: San Francisco fintech firm Brex is adding stablecoin payments to its platform. Companies can now use Circle’s USDC, which will automatically convert to dollars and go into Brex accounts. Clients can also earn interest on these funds. The waitlist opened Tuesday, with Solana and Alchemy among early users.

Token2049 Event news: At Singapore’s TOKEN2049 Solana APEX Forum, OSL’s Kevin Law said more companies are adding digital assets to their treasury, rising from 29% in 2023 to 47% in 2024. Weak returns from deposits and bonds are pushing this shift. OSL will offer custody services for MemeStrategy and Boya Interactive in 2025.

Brian Quintenz’s nomination news: The White House has withdrawn Brian Quintenz’s nomination to lead the CFTC, reporter Eleanor Terrett said. Quintenz called the nomination process the honor of his lifetime, thanking the President and the Senate Agriculture Committee. He announced plans to return to the private sector during this period of U.S. financial innovation.

Solana Apex Submit: OSL Group (863.HK) has partnered with the Solana Foundation to boost real-world asset (RWA) tokenization. Announced at the Solana APEX Summit, OSL Tokenworks will connect with Solana to offer compliant tokenization of assets like funds, bonds, and private credit, attracting strong interest from financial institutions.

Crypto ETF Filings: The 21Shares Polkadot ETF (TDOT) and the 21Shares Sui ETF (TSUI) have been listed on the DTCC website. This listing is a routine step before a possible launch, but it does not mean the ETFs are approved or ready for trading until regulatory clearance is granted.

Ripple CTO Steps Down After 13 Years: Ripple’s Chief Technology Officer, David Schwartz, announced he will step down by the end of 2025. Schwartz, who helped build the XRP Ledger and has been with Ripple for 13 years, including seven as CTO, will later join Ripple’s board to stay involved in the company’s future.

SEC Approves Crypto Funds Custody: The U.S. SEC has confirmed that investment advisers can use state-chartered trust companies as custodians for crypto assets like Bitcoin and Ethereum. This decision, made through a no-action letter, gives legal clarity and allows advisers and funds to safely manage digital assets without fearing enforcement action.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralised assets. This is not financial advice. Users, please DYOR, understand the risks, and consult financial professionals before investing. CoinGabbar is not responsible for any financial losses. Crypto and NFTs are highly volatile—invest wisely.