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24 Hour Crypto Recap: Here’s What Happened in the Market

24 Hour Crypto Recap: Here’s What Happened in the Market

CoineditionCoinedition2026/10/08 05:33
By:Coinedition

The global crypto market cap fell 0.9% to $2.93 trillion over the past 24 hours.Bitcoin traded at $82,722.62, down 1.6% on the day though roughly flat on the week at 0.4%, after briefly falling to $83,900. 

Ethereum changed hands at $2,565.64, down 3.1% in 24 hours but up 4.1% over seven days. BNB fell 0.3% to $769.45. XRP dropped 3.6% to $1.42, up 4.3% over the week. Solana fell 2.2% to $115.72. Zcash fell 0.6% to $1,297.55, still up 7.2% on the week. 

Quantus led trending searches, up 46.4% to $138.43. Pons followed, up 10.0% to $0.4273, and STONK fell 18.3% to $0.1654. Among top gainers, GRX Chain surged 62.1% to $21.17, Meteora climbed 49.5% to $0.4762, and Quantum Resistant Ledger rose 42.4% to $1.23.

He advised large holders to migrate funds to new addresses whose public keys remain hidden behind hashes, and recommended signing from a fresh address after each subsequent transaction. 

Europol released two reports flagging crypto wallets as the “main exposure point” for quantum attacks, since exposed public keys could let attackers derive private keys once sufficiently powerful quantum computers exist.

A US government-linked address transferred a cumulative $670 million in crypto assets to Coinbase Prime over 32 hours, including 6,215.7 BTC worth $520 million, 119 million USDT, and 40,285 BNB worth $31.63 million. The address still holds an estimated $28 billion in crypto assets, primarily Bitcoin.

The New York Fed’s September survey showed US consumers’ one-year inflation expectations rose to 3.9%, the highest in over three years.

Tom Lee, chairman of Bitmine and head of research at Fundstrat, said at the conference that the crypto market is “already two days past the bottom” and could be entering one of the biggest bull markets he’s seen, citing institutional tokenization, generational wealth transfer, treasury company demand, and AI agent payments as drivers; he confirmed Bitmine will cap its ETH holdings at 5% of total supply. 

Hyperliquid founder Jeff Yan said options trading will be the platform’s next major product focus. Polymarket CEO Shayne Coplan called chasing 100x token returns “irrational exuberance.” 

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Nvidia-backed cloud provider Lambda is seeking to raise up to $4 billion in its final pre-IPO funding round at a $14.5 trillion valuation, led by Coatue Management and Blackstone, with its order backlog growing from $15 billion in June to $50 billion by September, driven substantially by a $35 billion order from Anthropic. 

Samsung Electronics posted preliminary Q3 operating profit of 107.4 trillion won, up nearly eightfold year-over-year and a record for the fourth consecutive quarter, driven by AI chip demand. 

The investigation found a market maker contributed only about $5,200 and under 30,000 tokens to the liquidity pool, representing just 0.003% of total supply, which drove the price from $0.05 to roughly $317 in under two minutes before it collapsed 98% within an hour.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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