Preface:
Bitcoin and Ether have decreased by 1.07% and 0.21% respectively in the past 24 hours, with current prices standing at $63,008 and $2,630, while the ETH/BTC exchange rate remains at 0.04. The Crypto Fear & Greed Index is at 54, indicating a neutral sentiment.

Market Trending

There were no significant fluctuations in the market yesterday, with the major tokens showing slight upward movement. From a macro perspective, the probability of the Federal Reserve lowering interest rates by 25 basis points by November is 46.4%, while the probability of a 50 basis point cut is 53.6%, indicating a steady warming of market sentiment. In terms of market highlights, BTC has risen 9% over the past week and is now hovering near the $63,000 mark, waiting to break through the $63,500–$64,000 resistance level. Ethereum has recently reversed its downward trend, steadily rising and breaking the $2,600 barrier. In the public chain sector, the TVL (Total Value Locked) of the SUI ecosystem hit a record high, surpassing $900 million. SUI’s token price has surged 48% over the past seven days, with speculation that “SUI will become a Solana killer” driving market enthusiasm. The AI sector continues its upward momentum, with tokens such as ARKM, TAO, and DEAI up more than 15% in the past 24 hours. In the meme sector, Elon Musk’s Mars landing meme series saw a massive surge, with Terminus leading the charge, increasing by over 40 times.

Spot Bitcoin ETF Flows

Yesterday, U.S. Bitcoin ETFs saw a net inflow of $4.53 million, with IBIT contributing $11.51 million in net inflows, FBTC adding $24.93 million, and GBTC experiencing a net outflow of $40.33 million. On the other hand, U.S. Ethereum spot ETFs saw a net outflow of $79.21 million, with ETHE accounting for $80.55 million in net outflows, while ETHA saw no inflows or outflows.

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Daily Spotlight

Today’s hot project is TIA, with a 24-hour increase of 24%. Celestia (TIA) is a modular data availability network that decouples the consensus layer from the application execution layer. It divides blockchain protocols into different layers, each focusing on a specific function, and allows these layers to be recombined to build applications. Celestia Mainnet Beta launched in October 2023, offering a dedicated modular consensus and data network. Since its launch, an early ecosystem has formed, with developers deploying the first 20 Rollup chains. Celestia data blobs recently accounted for more than half of the total Rollup data releases. On September 24, Celestia’s foundation announced the completion of a $100 million funding round, led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and others. This brings the total funding for the project to $155 million. In response to this news, Celestia’s token TIA surged over 24% in the last 24 hours, currently trading at $6.63.
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The Word on the Street

Mars-themed meme coins are trending, with TERMINUS taking the lead. On September 22, the TERMINUS Meme coin project, inspired by Elon Musk’s vision of the “first city on Mars,” attracted attention after completing a CTO (Community Takeover). The project’s contract was created a month ago, and the token’s ID is named after the city Musk referenced in SpaceX’s plans for Mars colonization. Additionally, community members discovered that as early as February 2020, Musk had referenced Isaac Asimov’s “Foundation” series, where the concept of TERMINUS was presented as “the new frontier for humanity.” On September 24, TERMINUS hit a new all-time high, surpassing $0.45, with a 24-hour gain of 239%. Its current market cap is $45.5 million, with a 24-hour trading volume of $9.7 million.

Popular Airdrop

The popular Telegram game “Hamster Kombat” has entered a “pause phase” ahead of the September 26 launch and airdrop of HMSTR tokens. During this period, familiar features such as in-game coins and cryptocurrency exchange upgrades will be paused while developers calculate airdrop allocations. Players can now earn diamonds by participating in co-op games, inviting friends, and engaging with the game’s social media channels. This pause is temporary, and the next season promises play-to-earn rewards once the HMSTR token goes live. With over 300 million players, the airdrop is expected to have a significant impact on the Open Network (TON).

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