The Ethereum ecosystem is facing concerns over slow development, with developers calling for an acceleration of the process.

Beating AI News Flash: According to CNN, US President Donald Trump is expected to appoint Clayton as the new head of artificial intelligence affairs, and may announce the decision on the post as early as Friday.

Decentralized privacy trading platform Titan announced that its testnet has launched on the Canton Network. Titan stated that users who join the waitlist will gain early access to the mainnet in the coming weeks.

According to market data from BIT (Bit.com), NVIDIA (NVDA.O) hit an intraday all-time high, rising 2.4%.

According to BIT (Bit.com) market data, crypto-related stocks rallied collectively after the US stock market opened, with most optical module stocks rising, storage stocks seeing mixed performance, and Nvidia hitting an all-time high. Details are as follows: Crypto sector: Strategy (MSTR) traded at $169.410, up 5.55%; Circle (CRCL) at $87.150, up 5.11%; Bullish (BLSH) at $36.810, up 5.81%; Gemini Space Station (GEMI) at $5.300, up 4.54%; Bitmine Immersion (BMNR) at $28.085, up 5.07%; SharpLink (SBET) at $10.120, up 5.64%. Optical module sector: Seagate Technology (STX) at $806.035, down 14.76%; Marvell Technology (MRVL) at $279.050, up 4.09%; Nokia (NOK) at $10.455, up 0.82%; Applied Optoelectronics (AAOI) at $107.800, up 0.45%; Lumentum (LITE) at $1053.125, up 0.70%; Coherent (COHR) at $320.790, up 0.50%. Storage sector: Micron Technology (MU) at $1094.340, down 0.28%; SanDisk (SNDK) at $1732.670, down 3.08%; Western Digital (WDC) at $416.820, down 9.89%.

Bankless founder David Hoffman said in a post that a daily closing price of Bitcoin (BTC) above $86,600 would send a strong bullish signal, while a daily close above $87,400 would make him extremely bullish.

Bitcoin ecosystem firm Matador Technologies released a corporate update on October 2, noting it currently holds roughly 168 BTC and funds its Bitcoin treasury via common stock and secured convertible bonds. The announcement states Matador has issued senior secured convertible bonds with a total principal of $10.5 million under its $100 million secured convertible bond facility, with the remaining $89.5 million eligible for drawdown in tranches once regulatory approvals and other conditions are met. Separately, the company’s current average monthly cash operating expenditure stands at approximately CAD 125,000, and it plans to further cut this to around CAD 100,000 per month. Shareholders will vote on the creation of a new class of preferred shares on October 14.