Last week, the S&P 500 saw a modest gain of 0.22% amid volatility, supported by a stronger-than-expected jobs report, which raised hopes of a Federal Reserve
The cryptocurrency market saw a modest gain this week, with the Coindesk Indices up by 3.23%, as reported by Investing.com. This gain was driven by a stronger-than-expected jobs report, which raised hopes of a Federal Reserve soft landing. However, concerns over the upcoming US presidential election and Middle East tensions kept markets cautious. Key events this week include the Fed meeting minutes on Wednesday and the consumer price index report on Thursday, alongside corporate earnings from major companies like PepsiCo, Delta, and JPMorgan Chase.
Today's top performer is Notcoin (NOT), which surged 12.6% following an announcement celebrating 15 million pixels and the arrival of Not Pixel 2.0.
Launched in November 2023, Notcoin (NOT) is a play-to-earn token within the TON ecosystem, featured in a Telegram-based game where players earn tokens by tapping a virtual coin and completing tasks. In a recent update, Not Pixel announced that they have reached 15 million pixels, thanking their community for the milestone. They hinted at a celebration to come and teased the upcoming Not Pixel 2.0 launch, encouraging followers to prepare their templates and champagne for next week.
Meanwhile, Ethena Labs has successfully integrated with the decentralized exchange (DEX) Ethereal, following a governance vote in which 99.6% of ENA holders approved the move. As a result, sENA and rsENA holders can now earn rewards. ENA holders can migrate to sENA with a newly reduced cooldown period for locked ENA, allowing for quick migration. While sENA holders will automatically earn rewards, locking sENA can yield higher Ethereal points. The proposal, submitted on September 29, aims to facilitate on-chain management of positions backing the USDe stablecoin. Following the announcement, ENA rose nearly 5% to $0.3, marking a 30% increase over the past month. Additionally, the vote allocated 15% of future token supply to sENA holders, with Ethereal points multipliers decreasing over time.
Finally, the Bitcoin Spot ETF saw a total net outflow of $274.3 million between September 30 and October 4, 2024, consisting of $19.8 million from GBTC and $254.5 million from non-GBTC sources. The current overall total stands at $18,530 million, with $38,640 million from non-GBTC and -20,110 million from GBTC.
Airdrop to Watch: Puffer Finance, an Ethereum-based liquid restaking protocol, is preparing for its PUFFER token airdrop, following its rapid growth to $1.28 billion in total value locked (TVL) since its February 2024 launch. The protocol will increase community token allocations based on ETH deposits, with 70% of additional tokens going to new stakers. As part of the booming Liquid Restaking Token (LRT) sector, which has grown over 3,233% this year, Puffer ranks second-largest in the space. The first airdrop snapshot is set for October 5, though the official launch date remains unconfirmed.
