US SEC Commissioner Hester Peirce to Step Down on October 2nd

Fidelity Investments Global Macro Director Jurrien Timmer stated in a post that Bitcoin’s power law model indicates a new cyclical bull market is unfolding after the cryptocurrency held above $60,000. Per the model’s projections, Bitcoin’s target price will reach $300,000 by 2029. The Bitcoin power law model is a long-term valuation framework that posits Bitcoin’s price has a power-function relationship with either time or network adoption scale. The model estimates future price trajectories and valuation ranges by fitting historical data such as prices and address growth, though it is a statistical extrapolation based on historical patterns rather than a definitive price forecast.

Robinhood-linked crypto, stock, and meme coin issuance platform Long.xyz has announced the launch of the "LONG 500", designed to build a financial layer for on-chain stock communities, with the goal of becoming the "S&P 500 of tokenized stocks" and establishing an AI community treasury as a community-held diversified reserve on Robinhood Chain. LONG currently supports over 70 tokenized stocks. Going forward, every newly launched stock pairing trading pool will allocate a portion of stock token transaction fees directly to the Meme Coin AI Community Treasury. AI holders will gain access to and support new stock communities through this mechanism, while project creators can connect with the existing AI community and its users. Under the new mechanism, 5% of the transaction fees generated by new stock pairing pools will go to the AI reserve, while another 5% will be used to repurchase and burn tokens paired with the stocks, with repurchases triggerable by anyone at any time. The automatic reinvestment mechanism for liquidity pool returns will remain in effect, and creator fees will stay unchanged. LONG also plans to upgrade the community treasury and add new features for all previously listed trading pairs.

CryptoQuant Research Head Julio Moreno stated that amid Bitcoin’s recent rally, the market’s unrealized profit rate climbed to 33%, reaching its highest level since December 2024. At the same time, Bitcoin’s take-profit volume rose to 25,700 BTC, marking the highest level since 2026. Moreno pointed out that the simultaneous increase in the unrealized profit rate and take-profit volume typically signals that the current upward momentum is weakening, leaving the market facing a correction risk.

Crypto trader Ansem stated that airdrops remain one of the strongest catalysts driving users and trading activity back on-chain. During the previous market cycle, trading terminals recorded massive trading volumes, yet many of these platforms have still not offered rewards to their users. Ansem argues that as competition between platforms to secure traders intensifies, rewarding early users will prove an effective means of building user loyalty and retaining liquidity. Past experience demonstrates that well-timed airdrops can unlock substantial on-chain activity, and he anticipates this strategy will reemerge in the current cycle.

According to DefiLlama data, Circle's public chain Arc has reached $494 million in DeFi total value locked (TVL) 10 days after its mainnet launch. It grew 44.52% over the past week, ranking first in growth rate among top blockchains. In terms of DEX trading volume, the network recorded $55 million in trading volume in the past 24 hours.

According to monitoring by Onchain Lens, trader MK4 (@mk4_lul) currently holds open positions worth $43.63 million, with an unrealized profit of approximately $12.95 million. His largest position is a long NEAR trade: ? Holding 5.84 million NEAR tokens, valued at roughly $28.48 million; ? Average entry price: $2.35; ? Unrealized profit: ~$14.74 million; ? Cumulative historical profit and loss: ~$57.04 million (from spot and perpetual contracts).