Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

Strive bought another 2,000 $BTC ($168.84M) at $84,422 last week. Since Aug 24, #Strive has bought a total of 8,106 $BTC ($659.6M) at an average price of $81,374.

According to official sources, Strategy last week purchased 334 BTC at an average price of $85,839 for a total of $28.7 million, bringing its total Bitcoin holdings to 848,000 coins, valued at $63.97 billion on a cost basis. The company repurchased $176 million worth of STRC, sold 92,894 shares of MSTR stock, and raised $15.7 million to finance the Bitcoin acquisition. Strategy projects its third-quarter digital asset revenue will reach $20.91 billion. As of September 30, the book value of its Bitcoin holdings stood at $70.82 billion.

Strive CEO Matt Cole disclosed that the company purchased 2,000 Bitcoin (BTC) at an average price of $84,422 per token, with total spending of roughly $169 million, bringing its total BTC holdings to 29,462 coins. Sixty-one point five percent of the funds raised in this round originated from SATA, and the warrants generated an additional $56.7 million in proceeds.

According to official announcements, Bitget PoolX has launched a new ETH staking campaign. Users can lock up ETH to participate in sharing a 200,000 USDT airdrop. As of press time, the ETH staking pool’s yield is temporarily reported at 16.81% APR. The staking channel will be open from October 5 to October 9.

According to Bloomberg, as of September, around 100 tech billionaires worldwide have seen their combined wealth surge by $845 billion, hitting a new all-time high. The growth was primarily driven by the AI boom and surging US tech stocks. Their total combined wealth now stands at $4.6 trillion, while billionaires outside the tech sector lost $62 billion. Elon Musk alone added $310 billion to his fortune, accounting for roughly 40% of the total gain in the Bloomberg Billionaires Index.

Tom Lee told CNBC in an interview: "I think ahead of last week's jobs report, the market was pricing in the 'most hawkish Fed' scenario, expecting three interest rate hikes, including a 75% probability of a rate hike in October. But ultimately, the jobs report came in weaker. We will get the September inflation report in two weeks. In our view, we believe some one-off factors are fading, so I think inflation data will be soft over the next six months. This will not only allow the Fed to backtrack from its hawkish stance, but also push bond yields to truly normalize as inflation uncertainty begins to ease. Moreover, I see many signs: tech stocks hitting new highs and cryptocurrencies performing so well—this is impossible under tight monetary conditions. So I think they are pricing in looser financial conditions ahead of time."