Market Trends & Cryptocurrency Performance - Crypto majors rebound 1-2%, with BTC at $109,500 [1] - HYPE leads top movers with an increase of 11% [1] - Stablecoin transaction volume rose 83% year over year to more than $4 trillion [1] Institutional Adoption & Investment - a16z releases 'State of Crypto 2025' highlighting newest trends [1] - BlackRock to focus on BTC and ETH products amidst ETF explosion [1] - Bitcoin ETFs saw $101.4 million in net outflows on Wednesday, with ETH seeing $18.9 million in outflows [1] - T Rowe Price filed for an actively managed Crypto ETF [1] Fundraising & Valuations - Polymarket raising at $15 billion, Kalshi at $10 billion in latest rounds [1][2] - MegaETH introduces public ICO English auction, opens at $5 billion fdv on Hype [1] - Limitless's LMTS token is trading at $60 million mc ($300 million fdv) after its surprise TGE yesterday [2] - Modern Treasury bought stablecoin startup Beam in a ~$40 million all-stock deal [2] NFT Market - NFT leaders were red again on Wednesday; Punks down 6% at 38.5 ETH, Pudgy down 1% at 7.04 ETH, BAYC down 1% at 7.17 ETH [2]

Just In: MegaETH is running an English auction for its upcoming ICO on Sonar- 5% of the MEGA token supply- Starting price $1M fdv- Max price $999M- Users can commit up to $186,282https://t.co/NQ4CTFi5FN ...

Coinbase $375m Bet on ICO Revival #CHAINREACTION https://t.co/qLsgYDXfuT ...

This is not to say Echo won’t go token, but the acquisition by Coinbase suggests to me that this will come under the $BASE token if one were to be launchedOnce regulatory clarity arrives for tokens + equity then it’s likely we’ll see a whole new ICO season ...

@AlexOnchain so basically BASE is going to have to ICO on Echo right? ...

wow @megaeth_labs just bought back my fluffle for 69 ETH (USD $258,750) using @arbitrum pre markets. gud tek. gonna use all of it for the upcoming $MEGA sale on sonar.zoomer (@zoomerfied):[ ZOOMER ]MEGAETH BUYS BACK 4.75% OF SUPPLY FROM EARLY INVESTORS AS THEY GEAR UP FOR ICO: PRESS RELEASE ...

Wait so you can just buy back supply from early investors at a higher valuation and then do another sale at an even higher valuation?Incredible techzoomer (@zoomerfied):[ ZOOMER ]MEGAETH BUYS BACK 4.75% OF SUPPLY FROM EARLY INVESTORS AS THEY GEAR UP FOR ICO: PRESS RELEASE ...

Can confirm - just sold back 4.75% of my Fluffle to the MegaETH founding team at a 20x markup on the Arbitrum OTC desk.Phenomenal technology.zoomer (@zoomerfied):[ ZOOMER ]MEGAETH BUYS BACK 4.75% OF SUPPLY FROM EARLY INVESTORS AS THEY GEAR UP FOR ICO: PRESS RELEASE ...

💥BREAKING:MEGAETH BUYS BACK 4.75% OF ITS SUPPLY FROM EARLY INVESTORS AHEAD OF ITS UPCOMING ICOINSTITUTIONAL ACCUMULATION IS MAKING A COMEBACK! 🚀 https://t.co/IjF7NKZg3k ...

Market Trends & Crypto Performance - Crypto majors experienced declines following Trump's trade war confirmation; Bitcoin decreased by 1% to $111,100, Ethereum decreased by 1% to $4,040, BNB decreased by 1% to $1,170, and SOL decreased by 4% to $195 [1] - Gold increased by 1% to $4,260 [1] - Memecoin leaders mostly declined; DOGE decreased by 2%, Shiba decreased by 2%, PEPE decreased by 4%, PENGU decreased by 4%, BONK decreased by 4%, TRUMP decreased by 3%, SPX decreased by 5%, and FARTCOIN decreased by 4% [3] Regulatory & Institutional Developments - Erebor Bank, backed by Palmer Luckey and Peter Thiel, secured a conditional federal bank charter, aiming to operate as a stablecoin-era crypto bank under the GENIUS framework [1] - Sony Bank applied for a national trust charter to issue USD stablecoins and offer custody services [1] - Kraken acquired Small Exchange for $100 million, gaining a license to offer derivatives trading in the US [1] - The UK moved to repay Chinese victims of a $7 billion Bitcoin fraud [1] Token & Protocol Updates - Launchcoin decreased by 23% to $78 million after Pasternak announced plans to increase the token supply by 33% to 133 billion and a flywheel to buy BELIEVE [3] - MegaETH opened registration for a public ICO, open for 12 days [3] - Jupiter announced changes for its JUP token including scaling down the DAO, dropping unstaking window from 30 days to 7 and voting to burn current JUP buyback [3] - Tether's USDT0 and XAUT0 launched on Solana, powered by LayerZero [3] NFT Market - OpenSea announced that its Wave 1 is locked and Treasure Chests claimable by Oct 17 with $122 million in prizes; Wave 2 runs Oct 15 - Nov 15 with $1 million in tokens added to prize pool [3] - Plush Pepe 7 sold for 25,000 TON ($55,250) on Portals marketplace in Telegram [3] Corporate Treasury & ETF Flows - Bitcoin ETFs experienced $1041 million in net outflows on Wednesday; Ethereum ETFs saw $1696 million in net inflow [1]