😱 Market crash round two

Top Stories

BTC $111,500 (-2.4%) | ETH $3,976 (-2.5%) | SOL $196 (1.6%)

• Over $650M is liquidated from leverage traders as the crypto total market cap falls $120B overnight after China states they won’t back down on tariff threats

• Aster’s airdrop claim is live

• Monad’s airdrop portal goes live today

• Binance announces $45M airdrop for 160k users who traded memecoins over the past weeks

• Metaplanet falls below an mNav of 1 for the first time ever

• Markets price in a 98% chance of an October 29th rate cut

• Hyperliquid’s HIP-3 upgrade goes live allowing builder-deployed perps

• US Government shutdown expected to last a record 35 days

• Kinetiq, a Hyperliquid staking protocol, announces permissionless LSTs

• Europe’s leading asset manager to launch Bitcoin-indexed ETPs

• CME-regulated SOL and XRP options begin trading

• Tether mints $1B USDT on Ethereum main net — Will release wallet SDK for Android and iOS this week

• Reddit announces NFT Vault shut down where users must export their NFTs before they lose access