Bitget TRUMP/USDT's perpetual trading volume surged tenfold within 10 minutes, with a turnover of 3.43 million US dollars in the past 24 hours, a decrease of 0.70% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

According to the popularity ranking, XPL's popularity has decreased by 260000 followers compared to yesterday, ranking first. The popularity ranking is as follows: ① XPL （$1.49，2.76%） ② ASTER （$1.76，-7.85%） ③ ETH （$3999.12，0.45%） ④ 0G （$3.49，-2.79%） ⑤ UXLINK （$0.07059，-2.57%） The purchasing power of XPL's main funds is weak, with a net inflow of $14.924 million in 24 hours and a transaction volume of $6.924 billion in 24 hours, of which the net inflow of the main funds is $5.7895 million.

[On-Chain Data: Bull and Bear Forces Return to Balance, Trend May Be Brewing a New Direction] On September 28, on-chain analyst Murphy stated that the perpetual contract long-short volume difference (VDB) has returned to the 90-day median, indicating that the market's bull and bear forces have temporarily regained balance, with no significant bias toward buying or selling pressure at present. This phenomenon typically occurs during transitional periods in the market and may signal the formation of a new trend direction. If the VDB continues to lean positive, capital may flow back to the buyers, supporting a short-term rebound. However, attention should be paid to the realized price of short-term holders ($111,500). If this level is not breached and the VDB turns negative, the market may face further adjustments. This analysis is for reference only and does not constitute investment advice.

[Citigroup Predicts Stablecoin Market Could Reach $4 Trillion by 2030] Citigroup, in its report 'Stablecoins 2030,' predicts that by 2030, the baseline issuance scale of stablecoins will be $1.9 trillion, with an optimistic scenario reaching $4 trillion. The report points out that if the velocity of circulation is similar to that of fiat currency payments, the annual transaction volume of stablecoins could reach $100 trillion to $200 trillion. Currently, the total market capitalization of stablecoins is approximately $296.8 billion, with USDT accounting for 58.75%.

Next week, three crypto projects will undergo token unlocks, releasing a total value of approximately $300 million. On October 1, approximately 44.42 million SUI (worth around $140 million) will be unlocked, accounting for 0.444% of the total supply; On October 1, approximately 36.82 million EIGEN (worth around $66.64 million) will be unlocked, accounting for 3.099% of the total supply; On October 2, approximately 170 million ENA (worth around $97.62 million) will be unlocked, accounting for 1.146% of the total supply.