BTC and ETH Gain as Major Token Unlocks Loom; Sonic, XMR Outperform

I. Crypto Market Overview

Key Takeaways

Macro Environment

The Reserve Bank of Australia held rates steady amid inflation concerns, potentially limiting DeFi liquidity. The US Fed's recent rate cut supports digital asset valuations, though officials warn against rapid further cuts. The UK FCA granted IG Group a crypto asset license, boosting regulated market confidence.

Crypto Market

BTC rose 0.88% in 24h to $113,010, while ETH gained 1.48% to $4,153.51, both showing moderate strength. Sonic (S) led altcoins, up 4.99% to $0.25, followed by Monero (XMR) up 3.14% to $295.75, and MemeCore (M) steady. Privacy and meme sectors outperformed, driven by renewed demand and sector momentum.

Today's Outlook

LINEA will unlock 1.08B tokens (6.57% of supply) at 11 AM UTC, potentially impacting market liquidity. EigenLayer unlocks 36.82M tokens (13.77% of supply) at 4 AM UTC, which may increase circulating supply and volatility. SUI and Plume also unlock significant tokens today, warranting close monitoring for price reactions.

Fear and Greed Index

94.00% Annual Percentile

39 Fear

Total Crypto Market Cap

$3.93T

1.62%

Total Market Trading Volume

$178.54B

58.65%

Altcoin Season Index

16.67%

Quarterly Percentile

65 / 100

Total Futures Market Open Interest

3.48B

5.78%

Futures

1.10T

4.22%

Perpetuals

II. Industry Updates

Macro-economic Policies

The Reserve Bank of Australia held its key interest rate steady, signaling renewed inflationary pressures; this may limit DeFi liquidity and dampen risk appetite in crypto markets.

Bank of Japan policymakers debated a near-term rate hike, reflecting rising inflation concerns; potential yen strengthening could trigger volatility in BTC/JPY and Asian crypto flows.

The US Federal Reserve's recent rate cut aims to support the job market, but Fed officials warn against rapid further cuts; lower rates generally boost BTC and digital asset valuations.

Polish CPI for September came in lower than expected, increasing the likelihood of further rate cuts; this could enhance local fiat liquidity and support crypto trading volumes in Eastern Europe.

India's central bank maintained its call rate as the policy anchor, but analysts see room for rate cuts after new tariffs; potential rupee weakness may drive local demand for stablecoins and BTC.

Cryptocurrency Regulatory Trends

The UK FCA has granted IG Group a crypto asset license, enabling expanded regulated crypto services and boosting investor confidence in the UK market.

Poland's proposed Crypto-Asset Market Act faces criticism for overregulation, with strict licensing and penalties that may drive crypto firms abroad, raising uncertainty for local market participants.

EU regulators are pushing for a ban on multi-issuer stablecoins to prevent systemic risks, signaling tighter oversight and potential market restructuring in the stablecoin sector.

The US SEC issued a rare no-action letter, stating DePIN tokens are fundamentally outside its jurisdiction, reducing regulatory risk for DePIN projects and supporting sector growth.

Turkey plans new legislation empowering its watchdog to freeze crypto accounts in anti-money laundering efforts, aligning with FATF standards and increasing compliance pressure on local exchanges.

Sonic (S): Sonic surged 6.1% in 24h to $0.25 with $146.6M volume, rebounding from yearly lows as traders anticipate a reversal after defending key support.

MemeCore (M): MemeCore rose 5.9% in 24h to $2.38, with $48M volume and a new all-time high of $2.96 recently, driven by strong meme coin sector momentum.

Monero (XMR): Monero climbed 3.2% in 24h to $295.56, with $133.6M volume, benefiting from renewed privacy demand and a 14.2% monthly gain.

Smart Money Movements

Tether purchased 8,888.889 Bitcoin worth approximately $1 billion on the last day of Q3 2025, reinforcing its ongoing accumulation strategy.

ZOOZ Power Co. acquired 525 Bitcoin for $60 million at an average price of $114,000 per BTC, allocating 95% of its $159 million private financing to Bitcoin reserves.

Ronin Network initiated a $4.5 million RON token buyback using 890 ETH and 650,000 USDC from its treasury, purchasing $100 of RON per minute over a month.

The Blockchain Group expanded its Bitcoin holdings by 75 BTC for €6.9 million, bringing total reserves to 1,728 BTC and achieving a 1,231.7% YTD yield.

Alameda Research acquired 500 Bitcoin valued at $57.18 million, marking a significant addition to its crypto portfolio within the past 24 hours.

Events to Watch

Sep 30 (Tue)

Linea will unlock 1.08B tokens (6.57% of supply) at 11 AM UTC; EigenLayer unlocks 36.82M tokens (13.77% of supply) at 4 AM UTC; Sui unlocks 44M tokens (1.23% of supply) at 12 AM UTC; Plume unlocks 100.94M tokens (3.33% of supply) at 12 AM UTC.

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