BlackRock's IBIT Enters Top 20 ETFs by Assets, Sees Biggest Inflow Since Mid-August

A wave of ETF inflows, gold’s strength, and bullish derivatives positioning fueled a sharp rally, while Plasma’s XPL token faced scrutiny over insider sales claims.

Binance has announced the addition of DoubleZero (2Z) to multiple services, including margin trading, officially launching on 2025-10-02 at 21:00 (UTC+8). Notes: - Newly listed tokens may experience significant volatility; users are advised to adopt strict risk management strategies. - 2Z will be available on multiple services, including Flexible Savings products and Margin Trading, starting from 2025-10-02 at 13:00 (UTC). - BNB holders will automatically receive 2Z airdrop rewards based on historical snapshots, with no additional actions required.

[Decentralized Perpetual Exchange Monthly Trading Volume Surpasses $1 Trillion for the First Time] The monthly trading volume of decentralized perpetual contract exchanges (Perpetual DEX) has surpassed $1 trillion for the first time, indicating intensified market competition. This milestone reflects the continued growth in user demand for decentralized financial tools. (Cointelegraph)

[Upbit Lists ZKC as a Trading Caution Item and Suspends Deposits] Upbit has announced that Boundless (ZKC) will be listed as a trading caution item, and deposit services will be suspended. The affected trading pairs are ZKC/KRW, ZKC/BTC, and ZKC/USDT. The trading caution period will last from October 2, 2025, 21:30 to October 17, 23:59 (Hong Kong Time). Deposit suspension will take effect starting October 2, 2025, 21:30, and the resumption of deposit services will be announced separately. Users are advised to avoid making deposits during the suspension period to prevent assets from failing to arrive or being lost.

**[USDT and USDC Market Share Drops to 84%, Stablecoin "Duopoly" May End]** Nic Carter, a partner at Castle Island Ventures, stated that the "duopoly" in the stablecoin market is breaking apart. According to data from DefiLlama, although the market capitalization of Tether (USDT) and Circle (USDC) continues to grow, their combined market share has dropped from a peak of 91.6% in March 2024 to the current level of approximately 84%. Carter pointed out that the rise of emerging stablecoins, particularly the growing popularity of yield-bearing stablecoins, is the primary reason. He specifically mentioned Ethena's USDe, calling it "the biggest success story of the year," with its supply having grown to $14.7 billion. Carter also predicted that with the implementation of regulatory frameworks such as the GENIUS Act and MiCA, banks and traditional financial institutions will accelerate their entry into the stablecoin sector. He believes that stablecoins issued by banking consortia could become strong competitors to Tether.