US SEC to Review 16 Crypto ETF Applications in October

Recent developments include major market moves from Binance, a surge in USDT supply on Spark Protocol, and significant actions from Alameda Research and FTX, amidst analysts' warnings about potential USD weakness.

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ETH

USDT

168d ago

Summary

Recent crypto market updates include Huang Li-Cheng holding a $176 million position on Hyperliquid, Binance Alpha listing zkVerify (VFY) with a 180 Alpha points airdrop threshold, and USDT supply on Spark Protocol growing over 21x. Societe Generale's crypto arm has deployed EUR and USD stablecoins on Uniswap and Morpho. Analysts are cautioning about potential USD weakness amid government shutdown risks. Binance’s altcoin perpetual contracts have surged to a record 82.3% of total trading share, and Alameda Research received 500 BTC worth $57.18 million. FTX will distribute $1.6 billion to creditors today, while Matrixport notes Ethereum's retesting of key support levels.

Terms & Concepts

Stablecoins: Cryptocurrencies designed to maintain a stable value by pegging to a reserve asset like a fiat currency or a basket of assets.
Perpetual Contracts: A type of futures contract that has no expiration date, allowing traders to hold positions indefinitely.
Airdrop Threshold: The minimum amount of a specific cryptocurrency or points required to be eligible for an airdrop, usually distributed as promotional rewards.