10/03/2026
Oct 3: Anchorage Digital Cuts 17% of Workforce Amid Expansion
Nvidia Hits $5.7 Trillion Market Cap on Record Buyback, Surpassing Cry · Spot Bitcoin ETFs Log $2.65B September Inflows as Demand Holds · Blast Layer-2 Winds Down After TVL Plummets 98%
Market Snapshot
- Bitcoin (BTC): $84,660.11 (-0.15% 24h)
- Ethereum (ETH): $2,677.06 (-1.16% 24h)
- Solana (SOL): $119.03 (+0.13% 24h)
- Spot Bitcoin ETFs: $2.65B net inflows in September (second-highest since Oct 2025)
Top Stories
- Blast Layer-2 Winds Down After TVL Plummets 98%
- Spot Bitcoin ETFs Log $2.65B September Inflows as Demand Holds
- Anchorage Digital Cuts 17% of Workforce Amid Expansion
- Nvidia Hits $5.7 Trillion Market Cap on Record Buyback, Surpassing Crypto Market
Key Takeaways
- Speculative growth models in DeFi remain highly vulnerable to incentive withdrawal and competition, as seen in Blast’s collapse.
- Institutional demand for bitcoin persists, but ETF inflows suggest a potential cooling from record highs.
- Crypto infrastructure firms are tightening operations despite new business lines, reflecting sector-wide cost discipline.
- AI sector growth, exemplified by Nvidia, continues to outpace crypto in both market cap and investor enthusiasm.
What to Watch
Upcoming: User withdrawals from Blast must be completed by October 26, 2026, with Lido positions unwinding over the next week. Market participants will be watching for Q4 spot ETF flows and any further restructuring among major crypto service providers. Nvidia’s next earnings and potential chip sector buybacks could further shape the AI-versus-crypto capital allocation debate.