Total net inflow into U.S. spot Bitcoin ETFs exceeded $2.3 billion this week.

CryptoQuant Research Head Julio Moreno stated that amid Bitcoin’s recent rally, the market’s unrealized profit rate climbed to 33%, reaching its highest level since December 2024. At the same time, Bitcoin’s take-profit volume rose to 25,700 BTC, marking the highest level since 2026. Moreno pointed out that the simultaneous increase in the unrealized profit rate and take-profit volume typically signals that the current upward momentum is weakening, leaving the market facing a correction risk.

U.S. Securities and Exchange Commission (SEC) commissioner Hester Peirce has officially submitted her resignation and will step down on October 2. Peirce, who has served at the SEC for approximately 8 years, is known in the industry as the "Crypto Mom" for her longstanding advocacy of establishing a clear, rule-based regulatory framework for the crypto sector. Since February 4, 2025, Peirce has also served as head of the SEC’s Crypto Working Group, driving research into how existing securities laws apply to digital assets and decentralized systems. Her term as an SEC commissioner expired in June 2025, but under relevant regulations, she may continue serving for approximately 18 months until a successor is appointed. Peirce is expected to join the Regent University School of Law in Virginia in November as an associate professor, where she will conduct teaching and research in areas including federal litigation, securities regulation, and digital assets. Following her departure, the SEC will temporarily have only two Republican members: Chairman Paul Atkins and Commissioner Mark Uyeda, and the seat she is vacating may not be filled immediately.

Crypto trader Ansem stated that airdrops remain one of the strongest catalysts driving users and trading activity back on-chain. During the previous market cycle, trading terminals recorded massive trading volumes, yet many of these platforms have still not offered rewards to their users. Ansem argues that as competition between platforms to secure traders intensifies, rewarding early users will prove an effective means of building user loyalty and retaining liquidity. Past experience demonstrates that well-timed airdrops can unlock substantial on-chain activity, and he anticipates this strategy will reemerge in the current cycle.

According to DefiLlama data, Circle's public chain Arc has reached $494 million in DeFi total value locked (TVL) 10 days after its mainnet launch. It grew 44.52% over the past week, ranking first in growth rate among top blockchains. In terms of DEX trading volume, the network recorded $55 million in trading volume in the past 24 hours.

According to monitoring by Onchain Lens, trader MK4 (@mk4_lul) currently holds open positions worth $43.63 million, with an unrealized profit of approximately $12.95 million. His largest position is a long NEAR trade: ? Holding 5.84 million NEAR tokens, valued at roughly $28.48 million; ? Average entry price: $2.35; ? Unrealized profit: ~$14.74 million; ? Cumulative historical profit and loss: ~$57.04 million (from spot and perpetual contracts).

Ethereum founder Vitalik Buterin wrote in a post that he is testing a community-developed offline local knowledge application for mobile devices. The app works significantly better than the version he built himself two months ago, though it still lags behind models running on laptops in solving challenging problems. His evaluations included queries such as "the best vegan restaurant in my current city"—notably, all such apps currently perform poorly on travel-specific questions. Buterin thanked the relevant developers, expressing anticipation for further improvements and hoping to soon be able to query any world facts he cares about without an internet connection.