Particle.news
Download on the App Store
164 ARTICLES
·
6h ago

Fed Rate Cut Lifts Crypto as Stablecoin Liquidity Floods Exchanges and Ethereum

Liquidity is concentrating on major venues, with fresh stablecoin inflows viewed as the fuel behind this week’s broad crypto bid.

Bnb price jumps on report binance is nearing a doj deal to end compliance monitoring
Image
Image
Solana price

Overview

  • Bitcoin hovered near $117,800 and Ethereum near $4,610 as majors advanced, with Solana around $245–250, XRP near $3.11 and BNB breaking above $1,000 for the first time.
  • Binance recorded roughly $2.0–$2.1 billion in new stablecoins in a day, pushing its ERC‑20 stablecoin reserves toward about $42 billion, with larger average whale deposits signaling renewed engagement.
  • On Ethereum, stablecoin circulation across Layer 1 and Layer 2 was reported around $171 billion, reinforcing on‑chain liquidity that underpins DeFi and rapid market positioning.
  • Market internals were uneven, with double‑digit rises in futures open interest for BNB, AVAX and DOT while BTC futures OI slipped, and CME set Oct. 13 launches for SOL and XRP options to broaden institutional hedging.
  • Near‑term risks included analyst‑reported transfers of 800+ BTC from Galaxy Digital to exchanges, a one‑day $51 million net outflow from spot Bitcoin ETFs, and a rebounding dollar index that could pressure risk assets.