W3BStation
Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/03/2026

Oct 3: Anchorage Digital Cuts 17% of Workforce Amid Market Downturn

Bitcoin Briefly Hits $87K as Weak US Jobs Data Spurs Macro Rally · Nvidia Tops $5.7T Market Cap, Authorizes Record $150B Buyback · Blast L2 Shuts Down After 98% TVL Collapse, $2.2B Peak to $32M

Oct 3: Anchorage Digital Cuts 17% of Workforce Amid Market Downturn

Market Snapshot

  • Bitcoin (BTC): $84,888.02 (-2.21% 24h)
  • Ethereum (ETH): $2,682.67 (-2.63% 24h)
  • Solana (SOL): $119.48 (-2.51% 24h)
  • ETF Flows: Bitcoin ETFs posted $102.7M net inflows on October's first trading day; cumulative inflows now $57.6B, with combined net assets at $109.3B.

Top Stories

Key Takeaways

  • The Ethereum L2 landscape is consolidating rapidly, with smaller networks like Blast unable to compete with larger, more capitalized players.
  • Institutional crypto firms are facing revenue and cost pressures, leading to layoffs even after major investments and product expansions.
  • Macro factors, especially US labor market data and Fed policy expectations, continue to drive both crypto and equity market moves.
  • Tech giants like Nvidia are leveraging both operational growth and record-breaking buybacks to maintain market leadership, but some gains are macro-driven.

What to Watch

All eyes are on upcoming US inflation data and the Federal Reserve's October meeting, which will shape risk-asset sentiment across crypto and equities. In crypto, user withdrawals from Blast and the sector's response to Anchorage's layoffs will be closely monitored for signs of further consolidation or distress. Nvidia's next earnings and AI infrastructure updates may set the tone for the broader tech rally.