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

• Bitcoin rose to $86,436.31 today, up 3.4 percent over the past week.
• OKX filed with the SEC to launch a tokenized US stock platform with ICE.
• Saylor hints at new Bitcoin buys as Strategy holdings top $72 billion.

The global crypto market cap rose 0.8% to $3.01 trillion over the past 24 hours. Bitcoin traded at $86,436.31, up 2.1% on the day and up 3.4% over the past week. Ethereum changed hands at $2,727.32, up 1.4% in 24 hours and up 2.8% over seven days. 

BNB rose 2.2% to $796.82, up 3.6% weekly. XRP gained 2.1% to $1.52, up 1.0% over the week. Solana rose 0.9% to $121.03, roughly flat on the week. 

Trending Searches

Artificial Superintelligence Alliance led trending searches, up 15.5% to $0.2584. Pudgy Penguins followed, up 6.9% to $0.009819, and Grass dipped 3.6% to $0.6894. Among top gainers, BabyCashCat surged 277.1% to $0.02223, Hood Inu climbed 40.5% to $0.020936, and Gitcoin rose 66.3% to $0.1931.

OKX Pushes Into Tokenized Stocks

OKX filed an application with the SEC to launch a tokenized US stock trading platform, becoming one of the first mainstream exchanges to use the agency’s new innovation exemption, according to Bloomberg. 

The applicant, OKXICE LLC, is a joint venture between OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange, and plans to initially list tokenized versions of 63 NYSE-listed companies, with issuers given a 30-day opt-out window. 

Under the rules, tokenized securities must carry full shareholder rights including dividends and voting. ICE took a stake in OKX in March at a $25 billion valuation.

Strategy Signals More Bitcoin Buying

Michael Saylor posted “More orange than ever” alongside a chart of Strategy’s purchase history, widely read as a signal of fresh accumulation. As of October 4, Strategy holds 847,666 BTC at an average cost of approximately $75,400, valued at $72.29 billion. 

Saylor separately said in an interview that AI agents will increasingly transact using native digital assets like Bitcoin because traditional financial rails carry too much friction, and urged US policymakers to shift from restriction to support for digital capital formation.

Bitcoin Liquidation Map

Glassnode identified Bitcoin’s largest upside liquidation cluster near $90,000, where leveraged short positions would be forced to close, with smaller clusters near $83,000 and $75,000. 

Hyperliquid on-chain data showed whale positioning skewed bearish, with BTC short positions of roughly $830 million against $518 million in longs, and ETH shorts of $1.05 billion against $687 million in longs among large accounts. One address holding a 78,000 ETH short position carried an unrealized loss of over $30 million, with a liquidation price near $4,291.

ETF Flows

Bitcoin spot ETFs recorded $241 million in net inflows last week, marking three consecutive weeks of gains, led by BlackRock’s IBIT at $450 million, according to SoSoValue data. Ethereum spot ETFs saw $138 million in net outflows, led by Fidelity’s FETH at $74.06 million. SOL and HYPE spot ETFs posted modest inflows of $2.43 million and $3.31 million respectively, while XRP spot ETFs added $4.74 million, led by Franklin Templeton’s XRPZ.

Related: XRP Analysis for Next Week: What Traders Should Watch

Fed Rate Expectations Shift

CME FedWatch data showed the probability of the Fed holding rates steady through October at 77.9%, with just a 22.1% chance of a hike. Bank of Japan Deputy Governor Shinichi Uchida said AI represents both a “massive positive demand shock” for the economy and a factor that could reshape core monetary policy parameters, including the output gap and the long-run neutral rate.

Related: SEC Approves Listing Rule for 3x Bitcoin and Ether ETFs

Token Unlocks and Buybacks

HYPE faces a roughly $330 million token unlock on October 6, equivalent to about 1.69% of circulating supply, while ENA unlocks approximately $41 million worth of tokens the same week. Hyperliquid bought back and burned $10.15 million worth of HYPE over 24 hours, bringing cumulative burns to 49.25 million HYPE, or about $4.45 billion, funded by AQAv2 reserve revenue and trading fees.

Dormant Wallets Stir

A Bitcoin address dormant for over 13 years activated with a small test transfer, holding 1,346 BTC worth roughly $115 million; the coins were acquired in 2013 for about $178, a gain of roughly 478 times. A separate wallet dormant for 13.1 years also activated, holding 801 BTC worth approximately $68.3 million.