Today's news tips:
Binance will soon list Aster (ASTER) and add a seed tag to it
Morgan Stanley GIC to support financial advisors and clients in allocating cryptocurrencies
Data: AI startups have attracted $192.7 billion this year
Viewpoint:
According to Cointelegraph, major Bitcoin treasury companies purchased over 6,702 Bitcoins last week, investing approximately $1.2 billion. Japan's Metaplanet increased its holdings by 5,258 Bitcoins in a single week. However, the key driver of Bitcoin's price exceeding $125,000 came from spot Bitcoin ETFs, which saw net inflows of $3.24 billion in a single week, nearly matching the previous weekly record set in November 2024.
Furthermore, institutional buying of Bitcoin has far outstripped miner output this year. According to an analysis by financial services firm River, businesses are purchasing an average of 1,755 Bitcoins per day, while ETFs are absorbing an average of 1,430, while miners are producing approximately 900 BTC daily. Several analysts have pointed out that the influx of ETFs, coupled with tight liquidity, could further exacerbate Bitcoin's volatility and potential for growth.
a16z crypto pointed out in an article that as traditional institutions become increasingly interested in the crypto industry, crypto startups must adopt a strong enterprise sales strategy as early as possible to break through political obstacles and existing technology integration barriers within large institutions and break the misconception that "good products can sell themselves." At the same time, a16z also emphasized the importance of landing in the Asian market. According to a report by Korea Blockchain Week (KBW), for projects that want to succeed in Asia, they must establish a local physical presence and actively align with the local ecosystem, because local users value the legitimacy brought by local partnerships and product releases, rather than just focusing on the underlying technology. In addition, a16z believes that the industry should be wary of speculative products such as Memecoin and focus on using blockchain technology to empower individuals rather than intermediaries.
NYDIG questions transparency of reserve reporting for Trump family stablecoin USD1
According to Coindesk, the transparency and quality of its reserve verification reports for USD1, a stablecoin issued by World Liberty Financial, a crypto company in which the Trump family is deeply involved, have been questioned. NYDIG analysts noted that while USD1 claims to be fully backed 1:1 by U.S. Treasury bonds and other cash equivalents, its current verification reports fall short of industry-leading transparency standards and require further improvement. Previously, the USD1 project had sparked serious concerns among U.S. senators regarding conflicts of interest and national security risks due to Trump's political influence and his family's close financial ties to the company.
Fed Report: Aging Population and Wealth Growth Will Drive Demand for Crypto Assets Until 2100
Cointelegraph reported that a research report released by the Kansas City Federal Reserve Bank (Kansas City Fed) predicts that wealth growth driven by an aging global population and rising productivity will continue to drive global demand for assets, including Bitcoin, until 2100. The report predicts that population aging will increase asset demand by an additional 200% of GDP between 2024 and 2100. Bitget CEO Gracy Chen noted that with increased regulatory clarity and the emergence of institutional products such as ETFs, an aging population may value Bitcoin as a store of value, similar to gold, within the next 75 years. Furthermore, Bitfinex analysts believe that the rise in global wealth will increase investors' risk appetite and asset diversification needs, thereby boosting demand for crypto assets.
Macro
According to Bloomberg, sources familiar with the matter say Julia Leung, CEO of the Hong Kong Securities and Futures Commission (SFC), is expected to serve for another three-year term. Leung, who will reportedly take over as SFC CEO starting January 1, 2023, has introduced a licensing system for virtual asset trading platforms and released a virtual asset roadmap. She has been friendly to the digital asset industry, stating that the future of digital assets is vibrant and promising. She also mentioned that crypto over-the-counter (OTC) trading and custodian institutions will be brought under the same regulatory umbrella, with the same business, same risks, and same rules. A Hong Kong government spokesperson reportedly declined to comment on speculation regarding personnel appointments, while the SFC responded that it would make further changes in due course.
Morgan Stanley GIC to support financial advisors and clients in allocating cryptocurrencies
According to Bitwise CEO Hunter Horsley, Morgan Stanley's Global Investment Committee (GIC) released a new special report stating that "we aim to support our financial advisors and clients so that they can flexibly allocate cryptocurrencies as part of a multi-asset portfolio."
GIC reportedly guides 16,000 advisors to manage $2 trillion in savings and wealth for clients. Hunter Horsley commented that this marks the entry of cryptocurrencies into the mainstream era.
Project News
Binance will soon list Aster (ASTER) and add a seed tag to it
According to an official announcement, Binance will list Aster (ASTER) at 8:00 PM on October 6, 2025, and will open multiple spot trading pairs: ASTER/USDT, ASTER/USDC, and ASTER/TRY. ASTER deposits will open at 5:00 PM on the same day, and withdrawals are expected to open at 8:00 PM on October 7, 2025.
Binance Alpha will be listed on Pipe Network on October 8th. Eligible users can apply for airdrops.
According to an official announcement, Binance Alpha will be the first platform to list Pipe Network (PIPE) on October 8th. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page after trading opens. Detailed details will be announced separately.
The community pre-sale of the Base prediction market Limitless on Capital Launchpad, Kaito AI's fundraising platform, has ended, with subscriptions exceeding US$200 million, exceeding the subscription amount by 200 times.
Aster announced on the X platform that it will add more flexibility to the community's S2 reward collection: Option 1: You can receive the ASTER airdrop as usual; Option 2: Full refund of S2 transaction fees and enjoy zero-fee trading activities.
Users can select option 1 or 2 when the redemption page opens on October 10th, with redemption closing on October 12th (48 hours later). If Yinghu doesn't select option 1, the default will be option 1. The airdropped ASTER tokens will be distributed starting October 14th, and transaction fee rebates will be distributed in batches after the redemption period ends. Aster also stated that all airdrops will be evenly distributed across the various periods within each phase.
DeFiLlama founder 0xngmi posted on the X platform that the perpetual contract trading volume on Perp DEXAster, particularly the XRP/USDT pair, is almost identical to that of Binance, with a near 1:1 ratio. Because Aster does not provide underlying data on order creation and execution, it is impossible to verify whether there is wash trading. Therefore, until the platform can provide data to rule out wash trading, the relevant Aster perpetual contract trading volume will be removed from DeFiLlama.
Bitwise Files S-1 for Aptos ETF
Crypto asset management firm Bitwise has officially filed its S-1 registration document for the Aptos ETF with the U.S. Securities and Exchange Commission (SEC), advancing its potential ETF product. Bitwise CEO Hunter Horsley confirmed the news via the X platform, stating that while the quiet period prevented further details, he was "excited" about the momentum in the Aptos ecosystem. This formal step follows Bitwise's initiation of the regulatory process for the Aptos ETF earlier this year, with final approval likely taking several months.
Important data
An Ethereum OG whale sold 1,800 ETH today, costing $2,523
According to Lookonchain data, an Ethereum OG whale address sold 1,800 ETH (approximately $8.12 million) today to cash in profits. This address withdrew 5,999 ETH (approximately $15.14 million) from Kraken four years ago at a price of $2,523.
Market: BNB breaks through $1,200, setting a new all-time high
Binance market data shows that the price of BNB has exceeded US$1,200, with a 24-hour increase of 2.4%, setting a historical high, and its market value has increased to US$166.199 billion.
According to SoSoValue data, Bitcoin spot ETFs saw a net inflow of $3.24 billion during last week's trading day (September 29th to October 3rd, US Eastern Time). The Blackrock Bitcoin ETF (IBIT) saw the largest weekly net inflow, with $820 million, bringing IBIT's total net inflow to $62.63 billion. The second largest weekly inflow was the Fidelity Bitcoin ETF (FBTC), which saw a net inflow of $692 million, bringing FBTC's total net inflow to $12.62 billion.
Ethereum spot ETFs saw net inflows of $1.3 billion last week, with all nine ETFs seeing net inflows
According to SoSoValue data, Ethereum spot ETFs saw a net inflow of $1.3 billion last week (September 29th to October 3rd, US Eastern Time), with all nine ETFs experiencing net inflows. The Blackrock ETF ETHA saw the largest weekly net inflow, with $692 million, bringing ETHA's total net inflow to $13.85 billion. The second largest weekly inflow was the Fidelity ETF FETH, which saw a net inflow of $305 million, bringing FETH's total net inflow to $2.82 billion.
Data: AI startups have attracted $192.7 billion this year
According to The Kobeissi Letter, VCs have invested a record $192.7 billion in AI startups so far in 2025, putting this year on track to be the first in history where over 50% of venture capital goes to the AI sector. In the past 12 months, AI has accounted for over 60% of VC deals in the United States, a threefold increase from the beginning of the pandemic in 2020.
According to CoinShares' latest weekly report, digital asset investment products saw an inflow of $5.95 billion last week, the largest weekly inflow on record. CoinShares believes this massive inflow is a delayed response to the Federal Reserve's interest rate cuts, driven by weak employment data and concerns about the stability of the US government.
BTC and ETH saw inflows of $3.55 billion and $1.48 billion, respectively, while SOL and XRP attracted $706.5 million and $219.4 million, respectively. Regionally, the United States saw a record inflow of $5 billion, while Switzerland and Germany saw inflows of $563 million and $312 million, respectively. Driven by positive price movements, the total value of digital assets under management reached a new all-time high of $254 billion.
Token Unolcks data shows that tokens such as APT, LINEA, BABY, and PEAQ will attract large unlocking amounts next week, including:
Aptos (APT) will unlock approximately 11.31 million tokens at 4:00 AM Beijing time on October 12, representing 2.15% of the current circulating supply and valued at approximately US$62.3 million.
Linea (LINEA) will unlock approximately 1.08 billion tokens at 7:00 PM Beijing time on October 10th, representing 6.57% of the current circulating supply and valued at approximately US$29.6 million.
Babylon (BABY) will unlock approximately 321 million tokens at 6:00 PM Beijing time on October 10th, representing 24.74% of the current circulating supply and valued at approximately $17.4 million.
Peaq (PEAQ) will unlock approximately 84.84 million tokens at 8:00 AM Beijing time on October 12, representing 5.95% of the current circulating supply and valued at approximately US$10.8 million.
According to Ember's monitoring, a whale/institutional address that withdrew 123,000 ETH from Bitfinex six years ago (2019) transferred 15,000 ETH (approximately $68.22 million) to Bitfinex 20 minutes ago, five years later. This address withdrew 123,000 ETH from Bitfinex in 2019, when the ETH price was $154, for a total value of $19.04 million. Currently, the address holds 85,000 ETH (approximately $391 million).
